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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$784,501$777,513$770,696$764,041$757,543$753,401
2 years$388,367$381,134$374,124$367,327$360,735$356,555
3 years$256,339$249,075$242,083$235,350$228,865$224,777
4 years$190,339$183,097$176,174$169,557$163,228$159,264
5 years$150,748$143,550$136,719$130,236$124,084$120,254
6 years$124,364$117,219$110,489$104,151$98,183$94,494
7 years$105,525$98,441$91,817$85,628$79,849$76,302
8 years$91,402$84,382$77,868$71,831$66,243$62,837
9 years$80,423$73,470$67,068$61,184$55,786$52,522
10 years$71,646$64,760$58,471$52,741$47,532$44,408
11 years$64,469$57,652$51,477$45,901$40,879$37,892
12 years$58,492$51,745$45,685$40,261$35,425$32,573
13 years$53,439$46,763$40,816$35,545$30,891$28,172
14 years$49,111$42,506$36,673$31,552$27,079$24,489
15 years$45,364$38,830$33,111$28,139$23,843$21,378
16 years$42,089$35,626$30,020$25,196$21,072$18,730
17 years$39,201$32,810$27,317$22,638$18,684$16,461
18 years$36,638$30,318$24,937$20,401$16,613$14,505
19 years$34,347$28,098$22,829$18,434$14,808$12,811
20 years$32,287$26,110$20,951$16,696$13,226$11,337
21 years$30,427$24,321$19,271$15,153$11,836$10,050
22 years$28,737$22,702$17,761$13,777$10,609$8,923
23 years$27,197$21,233$16,399$12,547$9,524$7,932
24 years$25,787$19,894$15,167$11,444$8,560$7,060
25 years$24,492$18,670$14,047$10,451$7,703$6,290
26 years$23,299$17,546$13,028$9,556$6,938$5,610
27 years$22,196$16,513$12,098$8,747$6,256$5,007
28 years$21,173$15,560$11,246$8,014$5,644$4,472
29 years$20,223$14,679$10,466$7,349$5,097$3,996
30 years$19,338$13,863$9,748$6,745$4,605$3,574
31 years$18,511$13,105$9,088$6,194$4,164$3,197
32 years$17,738$12,400$8,479$5,693$3,766$2,862
33 years$17,013$11,743$7,917$5,235$3,408$2,562
34 years$16,332$11,130$7,397$4,817$3,086$2,295
35 years$15,692$10,557$6,916$4,434$2,795$2,057
36 years$15,088$10,020$6,470$4,084$2,533$1,843
37 years$14,519$9,516$6,056$3,762$2,295$1,652
38 years$13,980$9,044$5,671$3,468$2,081$1,482
39 years$13,471$8,600$5,313$3,198$1,887$1,329
40 years$12,988$8,182$4,980$2,949$1,712$1,192
41 years$12,530$7,789$4,670$2,721$1,553$1,070
42 years$12,095$7,418$4,380$2,511$1,409$960
43 years$11,681$7,068$4,110$2,318$1,279$861
44 years$11,287$6,737$3,858$2,140$1,161$773
45 years$10,912$6,424$3,623$1,977$1,054$694
46 years$10,554$6,128$3,403$1,826$957$623
47 years$10,213$5,848$3,197$1,687$869$559
48 years$9,886$5,583$3,004$1,559$789$502
49 years$9,574$5,332$2,823$1,441$717$451
50 years$9,275$5,093$2,654$1,332$651$405

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 $5,160 every year, while hoping to spend $56,060 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: 45/36/19 Blend
50$9,500,000$9,500,000$9,500,000$9,500,000
51$10,474,323$9,970,823$9,823,573$10,888,232
52$11,483,056$10,399,745$10,093,015$11,607,892
53$12,592,801$10,847,807$10,369,605$12,381,864
54$13,813,803$11,315,885$10,653,522$13,220,011
55$15,157,347$11,804,900$10,944,951$14,128,312
56$16,635,871$12,315,814$11,244,082$15,113,337
57$18,263,077$12,849,636$11,551,106$16,182,299
58$20,054,064$13,407,422$11,866,221$17,343,122
59$22,025,469$13,990,276$12,189,630$18,604,515
60$24,195,623$14,599,355$12,521,538$19,976,045
61$26,584,724$15,235,871$12,862,157$21,468,228
62$29,215,029$15,901,092$13,211,703$23,092,623
63$32,111,064$16,596,347$13,570,397$24,861,937
64$35,299,851$17,323,027$13,938,464$26,790,141
65$38,811,169$18,082,589$14,316,135$28,892,596
66$42,677,829$18,876,556$14,703,647$31,186,197
67$46,935,988$19,706,528$15,101,239$33,689,524
68$51,625,488$20,574,177$15,509,160$36,423,016
69$56,790,230$21,481,254$15,927,659$39,409,155
70$62,478,593$22,429,594$16,356,995$42,672,674
71$68,743,885$23,421,120$16,797,430$46,240,788
72$75,644,850$24,457,844$17,249,232$50,143,440
73$83,246,219$25,541,873$17,712,676$54,413,580
74$91,619,325$26,675,416$18,188,042$59,087,471
75$100,842,770$27,860,785$18,675,615$64,205,023
76$111,003,172$29,100,403$19,175,688$69,810,160
77$122,195,979$30,396,807$19,688,558$75,951,234
78$134,526,374$31,752,655$20,214,529$82,681,466
79$148,110,260$33,170,732$20,753,912$90,059,448
80$163,075,362$34,653,953$21,307,024$98,149,681
81$179,562,427$36,205,375$21,874,187$107,023,180
82$197,726,554$37,828,197$22,455,732$116,758,131
83$217,738,658$39,525,774$23,051,994$127,440,624
84$239,787,082$41,301,618$23,663,317$139,165,453
85$264,079,377$43,159,410$24,290,050$152,037,002
86$290,844,257$45,103,004$24,932,550$166,170,215
87$320,333,761$47,136,442$25,591,181$181,691,676
88$352,825,632$49,263,955$26,266,313$198,740,790
89$388,625,935$51,489,977$26,958,323$217,471,083
90$428,071,950$53,819,155$27,667,596$238,051,643
91$471,535,352$56,256,357$28,394,524$260,668,699
92$519,425,724$58,806,685$29,139,506$285,527,369
93$572,194,417$61,475,482$29,902,949$312,853,576
94$630,338,816$64,268,349$30,685,266$342,896,170
95$694,407,031$67,191,154$31,486,879$375,929,258
96$765,003,075$70,250,047$32,308,216$412,254,776
97$842,792,561$73,451,471$33,149,713$452,205,323
98$928,508,988$76,802,179$34,011,814$496,147,277
99$1,022,960,665$80,309,247$34,894,971$544,484,241
100$1,127,038,343$83,980,089$35,799,642$597,660,828