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%16.4%
1 years$784,501$777,513$770,696$764,041$757,543$737,734
2 years$388,367$381,134$374,124$367,327$360,735$340,912
3 years$256,339$249,075$242,083$235,350$228,865$209,649
4 years$190,339$183,097$176,174$169,557$163,228$144,767
5 years$150,748$143,550$136,719$130,236$124,084$106,428
6 years$124,364$117,219$110,489$104,151$98,183$81,351
7 years$105,525$98,441$91,817$85,628$79,849$63,841
8 years$91,402$84,382$77,868$71,831$66,243$51,051
9 years$80,423$73,470$67,068$61,184$55,786$41,397
10 years$71,646$64,760$58,471$52,741$47,532$33,929
11 years$64,469$57,652$51,477$45,901$40,879$28,041
12 years$58,492$51,745$45,685$40,261$35,425$23,328
13 years$53,439$46,763$40,816$35,545$30,891$19,511
14 years$49,111$42,506$36,673$31,552$27,079$16,390
15 years$45,364$38,830$33,111$28,139$23,843$13,817
16 years$42,089$35,626$30,020$25,196$21,072$11,682
17 years$39,201$32,810$27,317$22,638$18,684$9,902
18 years$36,638$30,318$24,937$20,401$16,613$8,410
19 years$34,347$28,098$22,829$18,434$14,808$7,155
20 years$32,287$26,110$20,951$16,696$13,226$6,096
21 years$30,427$24,321$19,271$15,153$11,836$5,200
22 years$28,737$22,702$17,761$13,777$10,609$4,440
23 years$27,197$21,233$16,399$12,547$9,524$3,795
24 years$25,787$19,894$15,167$11,444$8,560$3,246
25 years$24,492$18,670$14,047$10,451$7,703$2,778
26 years$23,299$17,546$13,028$9,556$6,938$2,379
27 years$22,196$16,513$12,098$8,747$6,256$2,038
28 years$21,173$15,560$11,246$8,014$5,644$1,747
29 years$20,223$14,679$10,466$7,349$5,097$1,498
30 years$19,338$13,863$9,748$6,745$4,605$1,285
31 years$18,511$13,105$9,088$6,194$4,164$1,102
32 years$17,738$12,400$8,479$5,693$3,766$945
33 years$17,013$11,743$7,917$5,235$3,408$811
34 years$16,332$11,130$7,397$4,817$3,086$696
35 years$15,692$10,557$6,916$4,434$2,795$598
36 years$15,088$10,020$6,470$4,084$2,533$513
37 years$14,519$9,516$6,056$3,762$2,295$441
38 years$13,980$9,044$5,671$3,468$2,081$378
39 years$13,471$8,600$5,313$3,198$1,887$325
40 years$12,988$8,182$4,980$2,949$1,712$279
41 years$12,530$7,789$4,670$2,721$1,553$240
42 years$12,095$7,418$4,380$2,511$1,409$206
43 years$11,681$7,068$4,110$2,318$1,279$177
44 years$11,287$6,737$3,858$2,140$1,161$152
45 years$10,912$6,424$3,623$1,977$1,054$130
46 years$10,554$6,128$3,403$1,826$957$112
47 years$10,213$5,848$3,197$1,687$869$96
48 years$9,886$5,583$3,004$1,559$789$83
49 years$9,574$5,332$2,823$1,441$717$71
50 years$9,275$5,093$2,654$1,332$651$61

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 $2,169 every year, while hoping to spend $35,043 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: 72/20/8 Blend
50$9,500,000$9,500,000$9,500,000$9,500,000
51$10,471,237$9,967,737$9,820,487$11,211,295
52$11,502,018$10,418,871$10,112,188$12,151,320
53$12,636,764$10,890,936$10,412,486$13,175,641
54$13,886,042$11,384,920$10,721,633$14,296,171
55$15,261,498$11,901,860$11,039,887$15,522,387
56$16,775,960$12,442,841$11,367,513$16,864,719
57$18,443,568$13,009,001$11,704,785$18,334,646
58$20,279,901$13,601,530$12,051,984$19,944,803
59$22,302,125$14,221,679$12,409,400$21,709,096
60$24,529,157$14,870,756$12,777,329$23,642,834
61$26,981,840$15,550,133$13,156,079$25,762,869
62$29,683,145$16,261,246$13,545,965$28,087,753
63$32,658,381$17,005,603$13,947,310$30,637,911
64$35,935,439$17,784,781$14,360,448$33,435,832
65$39,545,053$18,600,434$14,785,722$36,506,276
66$43,521,090$19,454,297$15,223,486$39,876,508
67$47,900,870$20,348,186$15,674,101$43,576,551
68$52,725,517$21,284,005$16,137,942$47,639,465
69$58,040,349$22,263,751$16,615,392$52,101,657
70$63,895,303$23,289,514$17,106,847$57,003,222
71$70,345,411$24,363,487$17,612,713$62,388,317
72$77,451,312$25,487,967$18,133,408$68,305,572
73$85,279,832$26,665,363$18,669,363$74,808,550
74$93,904,608$27,898,199$19,221,019$81,956,246
75$103,406,787$29,189,120$19,788,833$89,813,637
76$113,875,791$30,540,899$20,373,271$98,452,294
77$125,410,162$31,956,443$20,974,816$107,951,055
78$138,118,488$33,438,799$21,593,962$118,396,757
79$152,120,433$34,991,159$22,231,219$129,885,060
80$167,547,863$36,616,871$22,887,110$142,521,337
81$184,546,092$38,319,445$23,562,175$156,421,666
82$203,275,253$40,102,557$24,256,968$171,713,923
83$223,911,811$41,970,064$24,972,058$188,538,975
84$246,650,226$43,926,008$25,708,032$207,052,014
85$271,704,790$45,974,623$26,465,492$227,424,006
86$299,311,652$48,120,353$27,245,059$249,843,304
87$329,731,042$50,367,852$28,047,370$274,517,415
88$363,249,732$52,722,000$28,873,081$301,674,953
89$400,183,741$55,187,915$29,722,866$331,567,791
90$440,881,320$57,770,960$30,597,419$364,473,427
91$485,726,235$60,476,757$31,497,453$400,697,595
92$535,141,394$63,311,202$32,423,701$440,577,146
93$589,592,839$66,280,473$33,376,917$484,483,214
94$649,594,142$69,391,050$34,357,878$532,824,713
95$715,711,257$72,649,724$35,367,380$586,052,184
96$788,567,862$76,063,617$36,406,243$644,662,039
97$868,851,242$79,640,193$37,475,311$709,201,235
98$957,318,786$83,387,279$38,575,451$780,272,429
99$1,054,805,128$87,313,081$39,707,554$858,539,648
100$1,162,230,030$91,426,202$40,872,537$944,734,550