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%13.4%
1 years$792,759$785,698$778,808$772,084$765,517$754,701
2 years$392,455$385,146$378,062$371,194$364,532$353,656
3 years$259,038$251,697$244,631$237,828$231,274$220,676
4 years$192,342$185,024$178,029$171,341$164,947$154,708
5 years$152,335$145,061$138,158$131,607$125,390$115,541
6 years$125,673$118,453$111,652$105,247$99,217$89,769
7 years$106,636$99,477$92,783$86,529$80,690$71,646
8 years$92,364$85,270$78,688$72,587$66,940$58,299
9 years$81,270$74,243$67,774$61,828$56,373$48,132
10 years$72,400$65,441$59,087$53,297$48,033$40,184
11 years$65,147$58,259$52,019$46,384$41,310$33,847
12 years$59,108$52,290$46,165$40,685$35,798$28,712
13 years$54,001$47,255$41,246$35,919$31,217$24,497
14 years$49,628$42,953$37,060$31,885$27,364$21,001
15 years$45,842$39,239$33,460$28,435$24,094$18,076
16 years$42,532$36,001$30,336$25,461$21,294$15,610
17 years$39,614$33,155$27,605$22,876$18,881$13,519
18 years$37,024$30,637$25,200$20,616$16,788$11,736
19 years$34,708$28,394$23,069$18,629$14,963$10,209
20 years$32,627$26,385$21,172$16,872$13,366$8,897
21 years$30,747$24,577$19,474$15,312$11,961$7,765
22 years$29,040$22,941$17,948$13,922$10,721$6,786
23 years$27,483$21,457$16,572$12,679$9,624$5,937
24 years$26,059$20,104$15,326$11,564$8,650$5,199
25 years$24,750$18,866$14,195$10,561$7,784$4,557
26 years$23,544$17,731$13,165$9,657$7,011$3,997
27 years$22,430$16,687$12,225$8,839$6,321$3,509
28 years$21,396$15,724$11,365$8,098$5,704$3,081
29 years$20,436$14,834$10,576$7,426$5,150$2,708
30 years$19,541$14,009$9,851$6,816$4,654$2,380
31 years$18,706$13,243$9,184$6,260$4,207$2,093
32 years$17,925$12,531$8,569$5,753$3,806$1,841
33 years$17,192$11,867$8,001$5,290$3,444$1,620
34 years$16,504$11,247$7,475$4,867$3,118$1,426
35 years$15,857$10,668$6,989$4,481$2,825$1,255
36 years$15,247$10,125$6,538$4,127$2,559$1,105
37 years$14,671$9,617$6,119$3,802$2,319$974
38 years$14,127$9,139$5,731$3,504$2,103$858
39 years$13,613$8,690$5,369$3,231$1,907$755
40 years$13,125$8,268$5,032$2,980$1,730$666
41 years$12,662$7,871$4,719$2,750$1,569$586
42 years$12,222$7,496$4,426$2,538$1,424$517
43 years$11,804$7,142$4,153$2,343$1,292$455
44 years$11,406$6,808$3,899$2,163$1,173$401
45 years$11,027$6,492$3,661$1,998$1,065$354
46 years$10,665$6,193$3,438$1,845$967$312
47 years$10,320$5,910$3,230$1,705$878$275
48 years$9,990$5,642$3,036$1,575$797$242
49 years$9,675$5,388$2,853$1,456$724$214
50 years$9,373$5,146$2,682$1,346$658$188

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 $6,928 every year, while hoping to spend $39,397 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: 29/47/24 Blend
50$9,600,000$9,600,000$9,600,000$9,600,000
51$10,586,346$10,077,546$9,928,746$10,814,010
52$11,624,235$10,529,428$10,219,441$11,443,570
53$12,766,669$11,002,131$10,518,554$12,115,997
54$14,024,269$11,496,635$10,826,325$12,838,128
55$15,408,739$12,013,965$11,143,001$13,614,270
56$16,932,975$12,555,195$11,468,837$14,449,136
57$18,611,189$13,121,450$11,804,094$15,347,888
58$20,459,039$13,713,909$12,149,040$16,316,179
59$22,493,779$14,333,809$12,503,951$17,360,199
60$24,734,423$14,982,443$12,869,111$18,486,733
61$27,201,919$15,661,168$13,244,811$19,703,219
62$29,919,355$16,371,405$13,631,352$21,017,809
63$32,912,168$17,114,643$14,029,042$22,439,443
64$36,208,391$17,892,443$14,438,196$23,977,928
65$39,838,913$18,706,439$14,859,142$25,644,022
66$43,837,772$19,558,344$15,292,214$27,449,531
67$48,242,477$20,449,955$15,737,754$29,407,413
68$53,094,359$21,383,152$16,196,118$31,531,892
69$58,438,963$22,359,907$16,667,669$33,838,585
70$64,326,481$23,382,285$17,152,779$36,344,643
71$70,812,218$24,452,453$17,651,833$39,068,905
72$77,957,119$25,572,679$18,165,224$42,032,063
73$85,828,345$26,745,340$18,693,359$45,256,855
74$94,499,904$27,972,929$19,236,654$48,768,262
75$104,053,350$29,258,058$19,795,537$52,593,743
76$114,578,552$30,603,463$20,370,448$56,763,477
77$126,174,545$32,012,014$20,961,839$61,310,639
78$138,950,462$33,486,716$21,570,175$66,271,705
79$153,026,566$35,030,722$22,195,932$71,686,779
80$168,535,381$36,647,333$22,839,602$77,599,965
81$185,622,949$38,340,011$23,501,687$84,059,766
82$204,450,204$40,112,385$24,182,707$91,119,530
83$225,194,490$41,968,258$24,883,193$98,837,942
84$248,051,240$43,911,614$25,603,692$107,279,557
85$273,235,816$45,946,633$26,344,766$116,515,401
86$300,985,544$48,077,693$27,106,990$126,623,621
87$331,561,954$50,309,385$27,890,959$137,690,206
88$365,253,249$52,646,520$28,697,282$149,809,785
89$402,377,023$55,094,142$29,526,583$163,086,496
90$443,283,262$57,657,537$30,379,506$177,634,955
91$488,357,646$60,342,248$31,256,712$193,581,312
92$538,025,192$63,154,084$32,158,877$211,064,427
93$592,754,262$66,099,135$33,086,700$230,237,156
94$653,060,987$69,183,783$34,040,896$251,267,768
95$719,514,142$72,414,722$35,022,199$274,341,514
96$792,740,507$75,798,967$36,031,366$299,662,347
97$873,430,793$79,343,871$37,069,171$327,454,823
98$962,346,158$83,057,144$38,136,411$357,966,192
99$1,060,325,390$86,946,868$39,233,905$391,468,702
100$1,168,292,831$91,021,516$40,362,493$428,262,139