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%15.9%
1 years$792,759$785,698$778,808$772,084$765,517$747,011
2 years$392,455$385,146$378,062$371,194$364,532$345,999
3 years$259,038$251,697$244,631$237,828$231,274$213,293
4 years$192,342$185,024$178,029$171,341$164,947$147,656
5 years$152,335$145,061$138,158$131,607$125,390$108,838
6 years$125,673$118,453$111,652$105,247$99,217$83,420
7 years$106,636$99,477$92,783$86,529$80,690$65,650
8 years$92,364$85,270$78,688$72,587$66,940$52,651
9 years$81,270$74,243$67,774$61,828$56,373$42,824
10 years$72,400$65,441$59,087$53,297$48,033$35,208
11 years$65,147$58,259$52,019$46,384$41,310$29,191
12 years$59,108$52,290$46,165$40,685$35,798$24,365
13 years$54,001$47,255$41,246$35,919$31,217$20,447
14 years$49,628$42,953$37,060$31,885$27,364$17,235
15 years$45,842$39,239$33,460$28,435$24,094$14,580
16 years$42,532$36,001$30,336$25,461$21,294$12,371
17 years$39,614$33,155$27,605$22,876$18,881$10,524
18 years$37,024$30,637$25,200$20,616$16,788$8,971
19 years$34,708$28,394$23,069$18,629$14,963$7,661
20 years$32,627$26,385$21,172$16,872$13,366$6,552
21 years$30,747$24,577$19,474$15,312$11,961$5,611
22 years$29,040$22,941$17,948$13,922$10,721$4,810
23 years$27,483$21,457$16,572$12,679$9,624$4,127
24 years$26,059$20,104$15,326$11,564$8,650$3,544
25 years$24,750$18,866$14,195$10,561$7,784$3,045
26 years$23,544$17,731$13,165$9,657$7,011$2,618
27 years$22,430$16,687$12,225$8,839$6,321$2,252
28 years$21,396$15,724$11,365$8,098$5,704$1,938
29 years$20,436$14,834$10,576$7,426$5,150$1,669
30 years$19,541$14,009$9,851$6,816$4,654$1,437
31 years$18,706$13,243$9,184$6,260$4,207$1,238
32 years$17,925$12,531$8,569$5,753$3,806$1,066
33 years$17,192$11,867$8,001$5,290$3,444$919
34 years$16,504$11,247$7,475$4,867$3,118$792
35 years$15,857$10,668$6,989$4,481$2,825$683
36 years$15,247$10,125$6,538$4,127$2,559$589
37 years$14,671$9,617$6,119$3,802$2,319$508
38 years$14,127$9,139$5,731$3,504$2,103$438
39 years$13,613$8,690$5,369$3,231$1,907$377
40 years$13,125$8,268$5,032$2,980$1,730$326
41 years$12,662$7,871$4,719$2,750$1,569$281
42 years$12,222$7,496$4,426$2,538$1,424$242
43 years$11,804$7,142$4,153$2,343$1,292$209
44 years$11,406$6,808$3,899$2,163$1,173$180
45 years$11,027$6,492$3,661$1,998$1,065$155
46 years$10,665$6,193$3,438$1,845$967$134
47 years$10,320$5,910$3,230$1,705$878$116
48 years$9,990$5,642$3,036$1,575$797$100
49 years$9,675$5,388$2,853$1,456$724$86
50 years$9,373$5,146$2,682$1,346$658$74

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 $2,224 every year, while hoping to spend $36,259 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: 72/17/11 Blend
50$9,600,000$9,600,000$9,600,000$9,600,000
51$10,581,494$10,072,694$9,923,894$11,320,046
52$11,622,227$10,527,677$10,217,765$12,263,844
53$12,767,900$11,003,738$10,520,266$13,292,256
54$14,029,177$11,501,873$10,831,647$14,417,343
55$15,417,813$12,023,124$11,152,166$15,648,645
56$16,946,755$12,568,582$11,482,088$16,996,662
57$18,630,273$13,139,392$11,821,688$18,472,950
58$20,484,091$13,736,753$12,171,245$20,090,231
59$22,525,535$14,361,920$12,531,048$21,862,510
60$24,773,696$15,016,211$12,901,395$23,805,203
61$27,249,612$15,701,005$13,282,590$25,935,282
62$29,976,465$16,417,746$13,674,950$28,271,436
63$32,979,800$17,167,952$14,078,796$30,834,239
64$36,287,766$17,953,207$14,494,462$33,646,347
65$39,931,381$18,775,177$14,922,290$36,732,707
66$43,944,826$19,635,605$15,362,630$40,120,791
67$48,365,767$20,536,318$15,815,847$43,840,850
68$53,235,708$21,479,231$16,282,311$47,926,201
69$58,600,388$22,466,351$16,762,405$52,413,536
70$64,510,205$23,499,780$17,256,524$57,343,263
71$71,020,701$24,581,724$17,765,072$62,759,889
72$78,193,076$25,714,492$18,288,466$68,712,434
73$86,094,774$26,900,506$18,827,133$75,254,890
74$94,800,114$28,142,304$19,381,516$82,446,729
75$104,390,994$29,442,545$19,952,065$90,353,458
76$114,957,664$30,804,019$20,539,248$99,047,234
77$126,599,577$32,229,647$21,143,544$108,607,543
78$139,426,326$33,722,491$21,765,444$119,121,944
79$153,558,681$35,285,763$22,405,457$130,686,891
80$169,129,729$36,922,828$23,064,102$143,408,639
81$186,286,128$38,637,213$23,741,916$157,404,243
82$205,189,492$40,432,616$24,439,449$172,802,657
83$226,017,918$42,312,912$25,157,269$189,745,945
84$248,967,665$44,282,164$25,895,956$208,390,618
85$274,255,007$46,344,631$26,656,112$228,909,106
86$302,118,277$48,504,777$27,438,351$251,491,375
87$332,820,112$50,767,282$28,243,306$276,346,721
88$366,649,936$53,137,051$29,071,629$303,705,733
89$403,926,691$55,619,227$29,923,990$333,822,465
90$445,001,846$58,219,202$30,801,076$366,976,828
91$490,262,717$60,942,626$31,703,596$403,477,223
92$540,136,124$63,795,425$32,632,276$443,663,444
93$595,092,417$66,783,809$33,587,865$487,909,878
94$655,649,917$69,914,289$34,571,133$536,629,033
95$722,379,812$73,193,693$35,582,869$590,275,418
96$795,911,545$76,629,176$36,623,887$649,349,828
97$876,938,758$80,228,240$37,695,022$714,404,059
98$966,225,839$83,998,753$38,797,134$786,046,110
99$1,064,615,142$87,948,959$39,931,105$864,945,907
100$1,173,034,934$92,087,505$41,097,844$951,841,620