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

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$792,759$785,698$778,808$772,084$765,517$747,923
2 years$392,455$385,146$378,062$371,194$364,532$346,903
3 years$259,038$251,697$244,631$237,828$231,274$214,161
4 years$192,342$185,024$178,029$171,341$164,947$148,482
5 years$152,335$145,061$138,158$131,607$125,390$109,619
6 years$125,673$118,453$111,652$105,247$99,217$84,156
7 years$106,636$99,477$92,783$86,529$80,690$66,342
8 years$92,364$85,270$78,688$72,587$66,940$53,300
9 years$81,270$74,243$67,774$61,828$56,373$43,430
10 years$72,400$65,441$59,087$53,297$48,033$35,772
11 years$65,147$58,259$52,019$46,384$41,310$29,715
12 years$59,108$52,290$46,165$40,685$35,798$24,851
13 years$54,001$47,255$41,246$35,919$31,217$20,897
14 years$49,628$42,953$37,060$31,885$27,364$17,650
15 years$45,842$39,239$33,460$28,435$24,094$14,963
16 years$42,532$36,001$30,336$25,461$21,294$12,724
17 years$39,614$33,155$27,605$22,876$18,881$10,847
18 years$37,024$30,637$25,200$20,616$16,788$9,267
19 years$34,708$28,394$23,069$18,629$14,963$7,931
20 years$32,627$26,385$21,172$16,872$13,366$6,799
21 years$30,747$24,577$19,474$15,312$11,961$5,835
22 years$29,040$22,941$17,948$13,922$10,721$5,014
23 years$27,483$21,457$16,572$12,679$9,624$4,312
24 years$26,059$20,104$15,326$11,564$8,650$3,712
25 years$24,750$18,866$14,195$10,561$7,784$3,197
26 years$23,544$17,731$13,165$9,657$7,011$2,756
27 years$22,430$16,687$12,225$8,839$6,321$2,376
28 years$21,396$15,724$11,365$8,098$5,704$2,050
29 years$20,436$14,834$10,576$7,426$5,150$1,769
30 years$19,541$14,009$9,851$6,816$4,654$1,527
31 years$18,706$13,243$9,184$6,260$4,207$1,319
32 years$17,925$12,531$8,569$5,753$3,806$1,139
33 years$17,192$11,867$8,001$5,290$3,444$984
34 years$16,504$11,247$7,475$4,867$3,118$850
35 years$15,857$10,668$6,989$4,481$2,825$735
36 years$15,247$10,125$6,538$4,127$2,559$635
37 years$14,671$9,617$6,119$3,802$2,319$549
38 years$14,127$9,139$5,731$3,504$2,103$475
39 years$13,613$8,690$5,369$3,231$1,907$410
40 years$13,125$8,268$5,032$2,980$1,730$355
41 years$12,662$7,871$4,719$2,750$1,569$307
42 years$12,222$7,496$4,426$2,538$1,424$265
43 years$11,804$7,142$4,153$2,343$1,292$229
44 years$11,406$6,808$3,899$2,163$1,173$198
45 years$11,027$6,492$3,661$1,998$1,065$172
46 years$10,665$6,193$3,438$1,845$967$148
47 years$10,320$5,910$3,230$1,705$878$128
48 years$9,990$5,642$3,036$1,575$797$111
49 years$9,675$5,388$2,853$1,456$724$96
50 years$9,373$5,146$2,682$1,346$658$83

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 $4,908 every year, while hoping to spend $34,827 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: 47/44/9 Blend
50$9,600,000$9,600,000$9,600,000$9,600,000
51$10,584,263$10,075,463$9,926,663$11,055,405
52$11,626,802$10,532,105$10,222,150$11,836,684
53$12,774,513$11,009,955$10,526,369$12,680,068
54$14,038,086$11,510,016$10,839,576$13,594,551
55$15,429,302$12,033,338$11,162,033$14,586,745
56$16,961,141$12,581,021$11,494,011$15,663,907
57$18,647,906$13,154,220$11,835,789$16,834,002
58$20,505,358$13,754,142$12,187,653$18,105,778
59$22,550,864$14,382,055$12,549,899$19,488,843
60$24,803,561$15,039,285$12,922,830$20,993,750
61$27,284,538$15,727,223$13,306,758$22,632,091
62$30,017,031$16,447,327$13,702,005$24,416,605
63$33,026,647$17,201,125$14,108,901$26,361,291
64$36,341,601$17,990,217$14,527,786$28,481,534
65$39,992,988$18,816,281$14,959,010$30,794,244
66$44,015,069$19,681,075$15,402,933$33,318,014
67$48,445,600$20,586,442$15,859,926$36,073,282
68$53,326,187$21,534,313$16,330,369$39,082,526
69$58,702,677$22,526,713$16,814,655$42,370,462
70$64,625,591$23,565,763$17,313,187$45,964,274
71$71,150,602$24,653,686$17,826,379$49,893,863
72$78,339,061$25,792,814$18,354,660$54,192,119
73$86,258,571$26,985,588$18,898,467$58,895,227
74$94,983,633$28,234,569$19,458,254$64,042,996
75$104,596,342$29,542,442$20,034,483$69,679,230
76$115,187,165$30,912,017$20,627,635$75,852,127
77$126,855,794$32,346,245$21,238,199$82,614,729
78$139,712,090$33,848,216$21,866,684$90,025,410
79$153,877,113$35,421,168$22,513,608$98,148,418
80$169,484,272$37,068,499$23,179,507$107,054,466
81$186,680,580$38,793,767$23,864,932$116,821,393
82$205,628,041$40,600,704$24,570,450$127,534,883
83$226,505,185$42,493,222$25,296,643$139,289,262
84$249,508,743$44,475,420$26,044,110$152,188,375
85$274,855,516$46,551,596$26,813,469$166,346,553
86$302,784,411$48,726,257$27,605,353$181,889,674
87$333,558,703$51,004,126$28,420,414$198,956,340
88$367,468,517$53,390,154$29,259,324$217,699,166
89$404,833,567$55,889,532$30,122,772$238,286,205
90$446,006,174$58,507,703$31,011,469$260,902,517
91$491,374,594$61,250,371$31,926,144$285,751,896
92$541,366,681$64,123,517$32,867,547$313,058,775
93$596,453,925$67,133,411$33,836,452$343,070,324
94$657,155,904$70,286,628$34,833,653$376,058,762
95$724,045,191$73,590,058$35,859,965$412,323,905
96$797,752,756$77,050,926$36,916,229$452,195,969
97$878,973,924$80,676,808$38,003,310$496,038,669
98$968,474,939$84,475,646$39,122,095$544,252,621
99$1,067,100,195$88,455,765$40,273,498$597,279,101
100$1,175,780,213$92,625,896$41,458,458$655,604,178