Can I retire at age 51 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$792,759$785,698$778,808$772,084$765,517$742,798
2 years$392,455$385,146$378,062$371,194$364,532$341,831
3 years$259,038$251,697$244,631$237,828$231,274$209,302
4 years$192,342$185,024$178,029$171,341$164,947$143,872
5 years$152,335$145,061$138,158$131,607$125,390$105,271
6 years$125,673$118,453$111,652$105,247$99,217$80,071
7 years$106,636$99,477$92,783$86,529$80,690$62,516
8 years$92,364$85,270$78,688$72,587$66,940$49,728
9 years$81,270$74,243$67,774$61,828$56,373$40,105
10 years$72,400$65,441$59,087$53,297$48,033$32,686
11 years$65,147$58,259$52,019$46,384$41,310$26,858
12 years$59,108$52,290$46,165$40,685$35,798$22,212
13 years$54,001$47,255$41,246$35,919$31,217$18,465
14 years$49,628$42,953$37,060$31,885$27,364$15,415
15 years$45,842$39,239$33,460$28,435$24,094$12,913
16 years$42,532$36,001$30,336$25,461$21,294$10,848
17 years$39,614$33,155$27,605$22,876$18,881$9,134
18 years$37,024$30,637$25,200$20,616$16,788$7,706
19 years$34,708$28,394$23,069$18,629$14,963$6,512
20 years$32,627$26,385$21,172$16,872$13,366$5,511
21 years$30,747$24,577$19,474$15,312$11,961$4,668
22 years$29,040$22,941$17,948$13,922$10,721$3,959
23 years$27,483$21,457$16,572$12,679$9,624$3,359
24 years$26,059$20,104$15,326$11,564$8,650$2,853
25 years$24,750$18,866$14,195$10,561$7,784$2,424
26 years$23,544$17,731$13,165$9,657$7,011$2,061
27 years$22,430$16,687$12,225$8,839$6,321$1,753
28 years$21,396$15,724$11,365$8,098$5,704$1,491
29 years$20,436$14,834$10,576$7,426$5,150$1,269
30 years$19,541$14,009$9,851$6,816$4,654$1,080
31 years$18,706$13,243$9,184$6,260$4,207$920
32 years$17,925$12,531$8,569$5,753$3,806$783
33 years$17,192$11,867$8,001$5,290$3,444$667
34 years$16,504$11,247$7,475$4,867$3,118$568
35 years$15,857$10,668$6,989$4,481$2,825$484
36 years$15,247$10,125$6,538$4,127$2,559$413
37 years$14,671$9,617$6,119$3,802$2,319$352
38 years$14,127$9,139$5,731$3,504$2,103$300
39 years$13,613$8,690$5,369$3,231$1,907$255
40 years$13,125$8,268$5,032$2,980$1,730$218
41 years$12,662$7,871$4,719$2,750$1,569$185
42 years$12,222$7,496$4,426$2,538$1,424$158
43 years$11,804$7,142$4,153$2,343$1,292$135
44 years$11,406$6,808$3,899$2,163$1,173$115
45 years$11,027$6,492$3,661$1,998$1,065$98
46 years$10,665$6,193$3,438$1,845$967$83
47 years$10,320$5,910$3,230$1,705$878$71
48 years$9,990$5,642$3,036$1,575$797$61
49 years$9,675$5,388$2,853$1,456$724$52
50 years$9,373$5,146$2,682$1,346$658$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,600,000, adding $3,119 every year, while hoping to spend $30,904 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: 54/31/15 Blend
50$9,600,000$9,600,000$9,600,000$9,600,000
51$10,582,417$10,073,617$9,924,817$11,111,577
52$11,628,942$10,534,343$10,224,417$11,933,330
53$12,781,177$11,016,608$10,533,018$12,823,748
54$14,049,871$11,521,436$10,850,888$13,792,246
55$15,446,870$12,049,899$11,178,305$14,846,264
56$16,985,226$12,603,119$11,515,553$15,993,978
57$18,679,322$13,182,275$11,862,927$17,244,376
58$20,545,006$13,788,600$12,220,729$18,607,338
59$22,599,743$14,423,387$12,589,269$20,093,724
60$24,862,775$15,087,992$12,968,868$21,715,476
61$27,355,310$15,783,834$13,359,856$23,485,728
62$30,100,713$16,512,404$13,762,574$25,418,920
63$33,124,736$17,275,262$14,177,370$27,530,939
64$36,455,752$18,074,043$14,604,604$29,839,258
65$40,125,028$18,910,461$15,044,649$32,363,097
66$44,167,021$19,786,313$15,497,884$35,123,604
67$48,619,698$20,703,484$15,964,704$38,144,047
68$53,524,899$21,663,946$16,445,514$41,450,028
69$58,928,729$22,669,770$16,940,729$45,069,722
70$64,881,995$23,723,124$17,450,779$49,034,134
71$71,440,684$24,826,282$17,976,105$53,377,390
72$78,666,492$25,981,628$18,517,163$58,137,049
73$86,627,407$27,191,660$19,074,420$63,354,454
74$95,398,348$28,458,998$19,648,359$69,075,115
75$105,061,876$29,786,385$20,239,475$75,349,133
76$115,708,970$31,176,700$20,848,280$82,231,661
77$127,439,887$32,632,961$21,475,300$89,783,425
78$140,365,109$34,158,329$22,121,076$98,071,281
79$154,606,384$35,756,121$22,786,166$107,168,845
80$170,297,875$37,429,811$23,471,143$117,157,174
81$187,587,431$39,183,044$24,176,598$128,125,526
82$206,637,975$41,019,640$24,903,140$140,172,190
83$227,629,048$42,943,602$25,651,395$153,405,407
84$250,758,502$44,959,129$26,422,008$167,944,379
85$276,244,365$47,070,623$27,215,641$183,920,387
86$304,326,905$49,282,698$28,032,980$201,478,014
87$335,270,890$51,600,191$28,874,725$220,776,502
88$369,368,095$54,028,174$29,741,603$241,991,241
89$406,940,051$56,571,965$30,634,357$265,315,414
90$448,341,084$59,237,139$31,553,756$290,961,804
91$493,961,657$62,029,541$32,500,588$319,164,792
92$544,232,055$64,955,299$33,475,668$350,182,551
93$599,626,454$68,020,837$34,479,832$384,299,472
94$660,667,387$71,232,893$35,513,941$421,828,830
95$727,930,685$74,598,529$36,578,882$463,115,723
96$802,050,908$78,125,150$37,675,568$508,540,318
97$883,727,340$81,820,522$38,804,940$558,521,413
98$973,730,587$85,692,786$39,967,963$613,520,379
99$1,072,909,851$89,750,476$41,165,633$674,045,489
100$1,182,200,950$94,002,544$42,398,976$740,656,701