Can I retire at age 51 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$801,017$793,882$786,921$780,126$773,492$748,133
2 years$396,543$389,158$382,000$375,061$368,329$343,023
3 years$261,736$254,319$247,180$240,305$233,683$209,223
4 years$194,346$186,951$179,883$173,126$166,665$143,239
5 years$153,922$146,572$139,597$132,978$126,696$104,366
6 years$126,982$119,687$112,815$106,343$100,250$79,035
7 years$107,746$100,513$93,750$87,431$81,530$61,428
8 years$93,326$86,158$79,507$73,343$67,637$48,632
9 years$82,117$75,016$68,480$62,472$56,960$39,030
10 years$73,154$66,123$59,702$53,852$48,533$31,650
11 years$65,826$58,866$52,561$46,867$41,740$25,873
12 years$59,723$52,835$46,646$41,109$36,171$21,284
13 years$54,564$47,747$41,675$36,293$31,542$17,598
14 years$50,145$43,401$37,446$32,217$27,649$14,610
15 years$46,319$39,647$33,808$28,732$24,345$12,170
16 years$42,975$36,376$30,652$25,726$21,516$10,165
17 years$40,027$33,501$27,892$23,115$19,078$8,509
18 years$37,409$30,956$25,462$20,831$16,963$7,136
19 years$35,070$28,690$23,309$18,823$15,119$5,994
20 years$32,967$26,660$21,392$17,047$13,505$5,041
21 years$31,067$24,833$19,677$15,472$12,085$4,244
22 years$29,342$23,180$18,135$14,067$10,833$3,577
23 years$27,770$21,680$16,744$12,811$9,724$3,016
24 years$26,330$20,313$15,486$11,685$8,740$2,545
25 years$25,008$19,063$14,343$10,671$7,865$2,149
26 years$23,790$17,916$13,302$9,757$7,084$1,815
27 years$22,663$16,861$12,352$8,931$6,387$1,534
28 years$21,619$15,888$11,483$8,183$5,763$1,297
29 years$20,649$14,988$10,686$7,504$5,204$1,096
30 years$19,745$14,155$9,954$6,887$4,702$927
31 years$18,901$13,381$9,280$6,325$4,251$784
32 years$18,111$12,661$8,658$5,813$3,846$663
33 years$17,371$11,990$8,084$5,345$3,480$561
34 years$16,676$11,364$7,553$4,918$3,151$475
35 years$16,022$10,779$7,062$4,527$2,854$402
36 years$15,406$10,231$6,606$4,170$2,586$340
37 years$14,824$9,717$6,183$3,842$2,344$288
38 years$14,275$9,234$5,790$3,541$2,125$244
39 years$13,754$8,781$5,425$3,265$1,927$206
40 years$13,261$8,354$5,085$3,011$1,748$175
41 years$12,794$7,953$4,768$2,778$1,586$148
42 years$12,350$7,574$4,472$2,564$1,439$125
43 years$11,927$7,216$4,197$2,367$1,306$106
44 years$11,525$6,879$3,939$2,186$1,185$90
45 years$11,142$6,559$3,699$2,018$1,076$76
46 years$10,776$6,257$3,474$1,864$977$64
47 years$10,428$5,971$3,264$1,723$887$54
48 years$10,094$5,701$3,067$1,592$806$46
49 years$9,776$5,444$2,883$1,471$732$39
50 years$9,471$5,200$2,710$1,360$665$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,700,000, adding $2,378 every year, while hoping to spend $23,067 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: 79/5/16 Blend
50$9,700,000$9,700,000$9,700,000$9,700,000
51$10,691,853$10,177,753$10,027,403$11,499,851
52$11,757,879$10,651,920$10,338,778$12,506,657
53$12,931,866$11,148,548$10,659,811$13,607,909
54$14,224,803$11,668,713$10,990,801$14,815,600
55$15,648,797$12,213,543$11,332,056$16,140,379
56$17,217,189$12,784,222$11,683,895$17,593,978
57$18,944,682$13,381,989$12,046,646$19,189,313
58$20,847,477$14,008,144$12,420,646$20,940,615
59$22,943,426$14,664,049$12,806,243$22,863,553
60$25,252,201$15,351,133$13,203,798$24,975,388
61$27,795,480$16,070,893$13,613,680$27,295,133
62$30,597,151$16,824,899$14,036,271$29,843,730
63$33,683,539$17,614,798$14,471,964$32,644,247
64$37,083,651$18,442,314$14,921,166$35,722,096
65$40,829,453$19,309,256$15,384,294$39,105,269
66$44,956,169$20,217,522$15,861,780$42,824,604
67$49,502,617$21,169,100$16,354,069$46,914,071
68$54,511,572$22,166,073$16,861,618$51,411,095
69$60,030,170$23,210,629$17,384,900$56,356,906
70$66,110,356$24,305,058$17,924,402$61,796,924
71$72,809,369$25,451,762$18,480,626$67,781,192
72$80,190,288$26,653,262$19,054,091$74,364,843
73$88,322,623$27,912,198$19,645,329$81,608,616
74$97,282,973$29,231,338$20,254,890$89,579,435
75$107,155,750$30,613,587$20,883,342$98,351,032
76$118,033,972$32,061,988$21,531,270$108,004,644
77$130,020,146$33,579,734$22,199,275$118,629,778
78$143,227,230$35,170,171$22,887,981$130,325,053
79$157,779,705$36,836,807$23,598,026$143,199,128
80$173,814,747$38,583,322$24,330,072$157,371,728
81$191,483,521$40,413,574$25,084,799$172,974,770
82$210,952,609$42,331,609$25,862,908$190,153,606
83$232,405,584$44,341,666$26,665,125$209,068,392
84$256,044,740$46,448,195$27,492,193$229,895,599
85$282,093,005$48,655,857$28,344,882$252,829,674
86$310,796,041$50,969,544$29,223,986$278,084,875
87$342,424,567$53,394,382$30,130,319$305,897,288
88$377,276,914$55,935,748$31,064,727$336,527,055
89$415,681,840$58,599,280$32,028,075$370,260,825
90$458,001,632$61,390,889$33,021,260$407,414,458
91$504,635,531$64,316,775$34,045,204$448,336,002
92$556,023,496$67,383,437$35,100,860$493,408,975
93$612,650,360$70,597,693$36,189,206$543,055,984
94$675,050,407$73,966,691$37,311,255$597,742,706
95$743,812,415$77,497,925$38,468,048$657,982,287
96$819,585,214$81,199,256$39,660,661$724,340,175
97$903,083,812$85,078,926$40,890,199$797,439,457
98$995,096,146$89,145,579$42,157,806$877,966,738
99$1,096,490,519$93,408,277$43,464,658$966,678,615
100$1,208,223,796$97,876,527$44,811,968$1,064,408,816