Can I retire at age 51 with 9,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$784,501$777,513$770,696$764,041$757,543$730,956
2 years$388,367$381,134$374,124$367,327$360,735$334,228
3 years$256,339$249,075$242,083$235,350$228,865$203,271
4 years$190,339$183,097$176,174$169,557$163,228$138,743
5 years$150,748$143,550$136,719$130,236$124,084$100,771
6 years$124,364$117,219$110,489$104,151$98,183$76,062
7 years$105,525$98,441$91,817$85,628$79,849$58,914
8 years$91,402$84,382$77,868$71,831$66,243$46,477
9 years$80,423$73,470$67,068$61,184$55,786$37,164
10 years$71,646$64,760$58,471$52,741$47,532$30,023
11 years$64,469$57,652$51,477$45,901$40,879$24,448
12 years$58,492$51,745$45,685$40,261$35,425$20,032
13 years$53,439$46,763$40,816$35,545$30,891$16,495
14 years$49,111$42,506$36,673$31,552$27,079$13,637
15 years$45,364$38,830$33,111$28,139$23,843$11,311
16 years$42,089$35,626$30,020$25,196$21,072$9,406
17 years$39,201$32,810$27,317$22,638$18,684$7,840
18 years$36,638$30,318$24,937$20,401$16,613$6,545
19 years$34,347$28,098$22,829$18,434$14,808$5,473
20 years$32,287$26,110$20,951$16,696$13,226$4,582
21 years$30,427$24,321$19,271$15,153$11,836$3,840
22 years$28,737$22,702$17,761$13,777$10,609$3,221
23 years$27,197$21,233$16,399$12,547$9,524$2,703
24 years$25,787$19,894$15,167$11,444$8,560$2,270
25 years$24,492$18,670$14,047$10,451$7,703$1,908
26 years$23,299$17,546$13,028$9,556$6,938$1,604
27 years$22,196$16,513$12,098$8,747$6,256$1,348
28 years$21,173$15,560$11,246$8,014$5,644$1,134
29 years$20,223$14,679$10,466$7,349$5,097$954
30 years$19,338$13,863$9,748$6,745$4,605$803
31 years$18,511$13,105$9,088$6,194$4,164$676
32 years$17,738$12,400$8,479$5,693$3,766$569
33 years$17,013$11,743$7,917$5,235$3,408$479
34 years$16,332$11,130$7,397$4,817$3,086$403
35 years$15,692$10,557$6,916$4,434$2,795$340
36 years$15,088$10,020$6,470$4,084$2,533$286
37 years$14,519$9,516$6,056$3,762$2,295$241
38 years$13,980$9,044$5,671$3,468$2,081$203
39 years$13,471$8,600$5,313$3,198$1,887$171
40 years$12,988$8,182$4,980$2,949$1,712$144
41 years$12,530$7,789$4,670$2,721$1,553$121
42 years$12,095$7,418$4,380$2,511$1,409$102
43 years$11,681$7,068$4,110$2,318$1,279$86
44 years$11,287$6,737$3,858$2,140$1,161$72
45 years$10,912$6,424$3,623$1,977$1,054$61
46 years$10,554$6,128$3,403$1,826$957$51
47 years$10,213$5,848$3,197$1,687$869$43
48 years$9,886$5,583$3,004$1,559$789$36
49 years$9,574$5,332$2,823$1,441$717$31
50 years$9,275$5,093$2,654$1,332$651$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,500,000, adding $4,444 every year, while hoping to spend $58,976 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/34/16 Blend
50$9,500,000$9,500,000$9,500,000$9,500,000
51$10,473,584$9,970,084$9,822,834$10,950,844
52$11,479,140$10,395,868$10,089,149$11,705,720
53$12,585,285$10,840,539$10,362,409$12,519,133
54$13,802,219$11,304,960$10,642,784$13,401,815
55$15,141,176$11,790,034$10,930,449$14,360,310
56$16,614,538$12,296,708$11,225,581$15,401,804
57$18,235,946$12,825,971$11,528,362$16,534,197
58$20,020,428$13,378,860$11,838,978$17,766,173
59$21,984,547$13,956,459$12,157,619$19,107,273
60$24,146,550$14,559,905$12,484,479$20,567,991
61$26,526,544$15,190,386$12,819,755$22,159,861
62$29,146,685$15,849,148$13,163,650$23,895,570
63$32,031,385$16,537,494$13,516,370$25,789,067
64$35,207,543$17,256,789$13,878,125$27,855,697
65$38,704,802$18,008,461$14,249,132$30,112,338
66$42,555,823$18,794,007$14,629,609$32,577,555
67$46,796,597$19,614,993$15,019,781$35,271,776
68$51,466,783$20,473,061$15,419,877$38,217,476
69$56,610,081$21,369,927$15,830,128$41,439,386
70$62,274,646$22,307,390$16,250,775$44,964,719
71$68,513,543$23,287,335$16,682,058$48,823,428
72$75,385,243$24,311,734$17,124,227$53,048,474
73$82,954,182$25,382,653$17,577,532$57,676,140
74$91,291,362$26,502,255$18,042,233$62,746,363
75$100,475,023$27,672,808$18,518,590$68,303,106
76$110,591,383$28,896,684$19,006,871$74,394,765
77$121,735,452$30,176,369$19,507,348$81,074,622
78$134,011,923$31,514,467$20,020,300$88,401,339
79$147,536,168$32,913,704$20,546,008$96,439,504
80$162,435,319$34,376,937$21,084,761$105,260,235
81$178,849,473$35,907,158$21,636,852$114,941,840
82$196,933,011$37,507,502$22,202,579$125,570,551
83$216,856,059$39,181,250$22,782,246$137,241,329
84$238,806,088$40,931,842$23,376,162$150,058,749
85$262,989,687$42,762,880$23,984,642$164,137,978
86$289,634,513$44,678,139$24,608,005$179,605,854
87$318,991,437$46,681,572$25,246,577$196,602,072
88$351,336,915$48,777,320$25,900,689$215,280,491
89$386,975,594$50,969,723$26,570,676$235,810,576
90$426,243,192$53,263,326$27,256,881$258,378,984
91$469,509,661$55,662,893$27,959,650$283,191,317
92$517,182,685$58,173,413$28,679,337$310,474,047
93$569,711,523$60,800,114$29,416,298$340,476,639
94$627,591,253$63,548,474$30,170,899$373,473,895
95$691,367,444$66,424,232$30,943,507$409,768,534
96$761,641,305$69,433,402$31,734,496$449,694,027
97$839,075,363$72,582,284$32,544,247$493,617,739
98$924,399,715$75,877,480$33,373,144$541,944,371
99$1,018,418,918$79,325,909$34,221,577$595,119,766
100$1,122,019,589$82,934,820$35,089,940$653,635,102