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%14.5%
1 years$792,759$785,698$778,808$772,084$765,517$751,291
2 years$392,455$385,146$378,062$371,194$364,532$350,252
3 years$259,038$251,697$244,631$237,828$231,274$217,386
4 years$192,342$185,024$178,029$171,341$164,947$151,557
5 years$152,335$145,061$138,158$131,607$125,390$112,537
6 years$125,673$118,453$111,652$105,247$99,217$86,915
7 years$106,636$99,477$92,783$86,529$80,690$68,943
8 years$92,364$85,270$78,688$72,587$66,940$55,744
9 years$81,270$74,243$67,774$61,828$56,373$45,722
10 years$72,400$65,441$59,087$53,297$48,033$37,917
11 years$65,147$58,259$52,019$46,384$41,310$31,717
12 years$59,108$52,290$46,165$40,685$35,798$26,715
13 years$54,001$47,255$41,246$35,919$31,217$22,629
14 years$49,628$42,953$37,060$31,885$27,364$19,257
15 years$45,842$39,239$33,460$28,435$24,094$16,450
16 years$42,532$36,001$30,336$25,461$21,294$14,097
17 years$39,614$33,155$27,605$22,876$18,881$12,114
18 years$37,024$30,637$25,200$20,616$16,788$10,433
19 years$34,708$28,394$23,069$18,629$14,963$9,002
20 years$32,627$26,385$21,172$16,872$13,366$7,781
21 years$30,747$24,577$19,474$15,312$11,961$6,735
22 years$29,040$22,941$17,948$13,922$10,721$5,836
23 years$27,483$21,457$16,572$12,679$9,624$5,063
24 years$26,059$20,104$15,326$11,564$8,650$4,396
25 years$24,750$18,866$14,195$10,561$7,784$3,819
26 years$23,544$17,731$13,165$9,657$7,011$3,321
27 years$22,430$16,687$12,225$8,839$6,321$2,889
28 years$21,396$15,724$11,365$8,098$5,704$2,515
29 years$20,436$14,834$10,576$7,426$5,150$2,190
30 years$19,541$14,009$9,851$6,816$4,654$1,908
31 years$18,706$13,243$9,184$6,260$4,207$1,663
32 years$17,925$12,531$8,569$5,753$3,806$1,449
33 years$17,192$11,867$8,001$5,290$3,444$1,264
34 years$16,504$11,247$7,475$4,867$3,118$1,102
35 years$15,857$10,668$6,989$4,481$2,825$961
36 years$15,247$10,125$6,538$4,127$2,559$839
37 years$14,671$9,617$6,119$3,802$2,319$732
38 years$14,127$9,139$5,731$3,504$2,103$638
39 years$13,613$8,690$5,369$3,231$1,907$557
40 years$13,125$8,268$5,032$2,980$1,730$486
41 years$12,662$7,871$4,719$2,750$1,569$424
42 years$12,222$7,496$4,426$2,538$1,424$371
43 years$11,804$7,142$4,153$2,343$1,292$323
44 years$11,406$6,808$3,899$2,163$1,173$282
45 years$11,027$6,492$3,661$1,998$1,065$247
46 years$10,665$6,193$3,438$1,845$967$215
47 years$10,320$5,910$3,230$1,705$878$188
48 years$9,990$5,642$3,036$1,575$797$164
49 years$9,675$5,388$2,853$1,456$724$143
50 years$9,373$5,146$2,682$1,346$658$125

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 $5,882 every year, while hoping to spend $45,148 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: 61/12/27 Blend
50$9,600,000$9,600,000$9,600,000$9,600,000
51$10,585,267$10,076,467$9,927,667$11,153,852
52$11,616,927$10,522,177$10,212,207$11,987,034
53$12,752,304$10,988,213$10,504,766$12,890,675
54$14,001,928$11,475,525$10,805,564$13,876,096
55$15,377,403$11,985,104$11,114,829$14,951,288
56$16,891,516$12,517,993$11,432,794$16,125,039
57$18,558,356$13,075,279$11,759,698$17,407,027
58$20,393,447$13,658,106$12,095,786$18,807,897
59$22,413,894$14,267,669$12,441,311$20,339,372
60$24,638,546$14,905,220$12,796,530$22,014,350
61$27,088,174$15,572,072$13,161,710$23,847,033
62$29,785,664$16,269,599$13,537,123$25,853,056
63$32,756,234$16,999,242$13,923,049$28,049,630
64$36,027,674$17,762,509$14,319,775$30,455,706
65$39,630,605$18,560,981$14,727,596$33,092,150
66$43,598,771$19,396,313$15,146,814$35,981,937
67$47,969,353$20,270,240$15,577,741$39,150,368
68$52,783,326$21,184,580$16,020,694$42,625,304
69$58,085,838$22,141,238$16,476,000$46,437,425
70$63,926,643$23,142,208$16,943,996$50,620,523
71$70,360,566$24,189,582$17,425,025$55,211,811
72$77,448,021$25,285,548$17,919,440$60,252,275
73$85,255,583$26,432,404$18,427,605$65,787,058
74$93,856,614$27,632,553$18,949,891$71,865,883
75$103,331,956$28,888,516$19,486,680$78,543,517
76$113,770,695$30,202,933$20,038,364$85,880,288
77$125,271,001$31,578,571$20,605,343$93,942,647
78$137,941,051$33,018,330$21,188,031$102,803,795
79$151,900,058$34,525,247$21,786,850$112,544,368
80$167,279,388$36,102,508$22,402,233$123,253,196
81$184,223,803$37,753,449$23,034,626$135,028,136
82$202,892,829$39,481,566$23,684,484$147,976,990
83$223,462,259$41,290,524$24,352,275$162,218,524
84$246,125,814$43,184,163$25,038,480$177,883,577
85$271,096,968$45,166,509$25,743,591$195,116,297
86$298,610,969$47,241,778$26,468,112$214,075,493
87$328,927,055$49,414,393$27,212,561$234,936,130
88$362,330,902$51,688,985$27,977,468$257,890,979
89$399,137,319$54,070,410$28,763,379$283,152,423
90$439,693,224$56,563,759$29,570,850$310,954,465
91$484,380,914$59,174,364$30,400,454$341,554,923
92$533,621,676$61,907,817$31,252,779$375,237,863
93$587,879,764$64,769,977$32,128,424$412,316,272
94$647,666,780$67,766,986$33,028,006$453,135,004
95$713,546,505$70,905,282$33,952,158$498,074,031
96$786,140,220$74,191,612$34,901,527$547,552,021
97$866,132,572$77,633,050$35,876,777$602,030,283
98$954,278,033$81,237,009$36,878,589$662,017,114
99$1,051,408,030$85,011,260$37,907,659$728,072,586
100$1,158,438,786$88,963,949$38,964,702$800,813,830