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%16%
1 years$801,017$793,882$786,921$780,126$773,492$754,486
2 years$396,543$389,158$382,000$375,061$368,329$349,299
3 years$261,736$254,319$247,180$240,305$233,683$215,223
4 years$194,346$186,951$179,883$173,126$166,665$148,917
5 years$153,922$146,572$139,597$132,978$126,696$109,709
6 years$126,982$119,687$112,815$106,343$100,250$84,042
7 years$107,746$100,513$93,750$87,431$81,530$66,103
8 years$93,326$86,158$79,507$73,343$67,637$52,983
9 years$82,117$75,016$68,480$62,472$56,960$43,068
10 years$73,154$66,123$59,702$53,852$48,533$35,386
11 years$65,826$58,866$52,561$46,867$41,740$29,320
12 years$59,723$52,835$46,646$41,109$36,171$24,456
13 years$54,564$47,747$41,675$36,293$31,542$20,510
14 years$50,145$43,401$37,446$32,217$27,649$17,276
15 years$46,319$39,647$33,808$28,732$24,345$14,605
16 years$42,975$36,376$30,652$25,726$21,516$12,384
17 years$40,027$33,501$27,892$23,115$19,078$10,527
18 years$37,409$30,956$25,462$20,831$16,963$8,967
19 years$35,070$28,690$23,309$18,823$15,119$7,652
20 years$32,967$26,660$21,392$17,047$13,505$6,539
21 years$31,067$24,833$19,677$15,472$12,085$5,595
22 years$29,342$23,180$18,135$14,067$10,833$4,793
23 years$27,770$21,680$16,744$12,811$9,724$4,109
24 years$26,330$20,313$15,486$11,685$8,740$3,526
25 years$25,008$19,063$14,343$10,671$7,865$3,027
26 years$23,790$17,916$13,302$9,757$7,084$2,601
27 years$22,663$16,861$12,352$8,931$6,387$2,235
28 years$21,619$15,888$11,483$8,183$5,763$1,922
29 years$20,649$14,988$10,686$7,504$5,204$1,653
30 years$19,745$14,155$9,954$6,887$4,702$1,423
31 years$18,901$13,381$9,280$6,325$4,251$1,224
32 years$18,111$12,661$8,658$5,813$3,846$1,054
33 years$17,371$11,990$8,084$5,345$3,480$908
34 years$16,676$11,364$7,553$4,918$3,151$782
35 years$16,022$10,779$7,062$4,527$2,854$673
36 years$15,406$10,231$6,606$4,170$2,586$580
37 years$14,824$9,717$6,183$3,842$2,344$500
38 years$14,275$9,234$5,790$3,541$2,125$430
39 years$13,754$8,781$5,425$3,265$1,927$371
40 years$13,261$8,354$5,085$3,011$1,748$320
41 years$12,794$7,953$4,768$2,778$1,586$275
42 years$12,350$7,574$4,472$2,564$1,439$237
43 years$11,927$7,216$4,197$2,367$1,306$205
44 years$11,525$6,879$3,939$2,186$1,185$176
45 years$11,142$6,559$3,699$2,018$1,076$152
46 years$10,776$6,257$3,474$1,864$977$131
47 years$10,428$5,971$3,264$1,723$887$113
48 years$10,094$5,701$3,067$1,592$806$97
49 years$9,776$5,444$2,883$1,471$732$84
50 years$9,471$5,200$2,710$1,360$665$72

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 $3,166 every year, while hoping to spend $22,717 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: 63/11/26 Blend
50$9,700,000$9,700,000$9,700,000$9,700,000
51$10,692,666$10,178,566$10,028,216$11,292,421
52$11,759,147$10,653,145$10,339,990$12,173,525
53$12,933,648$11,150,217$10,661,448$13,132,729
54$14,227,162$11,670,860$10,992,889$14,179,965
55$15,651,805$12,216,204$11,334,623$15,323,856
56$17,220,926$12,787,435$11,686,970$16,573,892
57$18,949,236$13,385,795$12,050,258$17,940,520
58$20,852,944$14,012,584$12,424,828$19,435,234
59$22,949,913$14,669,170$12,811,028$21,070,686
60$25,259,826$15,356,982$13,209,220$22,860,806
61$27,804,376$16,077,521$13,619,776$24,820,925
62$30,607,462$16,832,360$14,043,079$26,967,921
63$33,695,426$17,623,147$14,479,524$29,320,378
64$37,097,290$18,451,613$14,929,520$31,898,756
65$40,845,041$19,319,569$15,393,485$34,725,581
66$44,973,922$20,228,915$15,871,854$37,825,659
67$49,522,774$21,181,643$16,365,073$41,226,305
68$54,534,396$22,179,843$16,873,602$44,957,599
69$60,055,953$23,225,704$17,397,917$49,052,663
70$66,139,419$24,321,523$17,938,506$53,547,980
71$72,842,068$25,469,705$18,495,874$58,483,724
72$80,227,015$26,672,777$19,070,541$63,904,146
73$88,363,811$27,933,383$19,663,045$69,857,982
74$97,329,099$29,254,298$20,273,936$76,398,910
75$107,207,341$30,638,432$20,903,787$83,586,059
76$118,091,609$32,088,835$21,553,183$91,484,554
77$130,084,470$33,608,705$22,222,731$100,166,135
78$143,298,949$35,201,395$22,913,056$109,709,827
79$157,859,600$36,870,421$23,624,802$120,202,680
80$173,903,679$38,619,471$24,358,632$131,740,591
81$191,582,439$40,452,410$25,115,231$144,429,197
82$211,062,561$42,373,292$25,895,305$158,384,878
83$232,527,725$44,386,366$26,699,580$173,735,839
84$256,180,344$46,496,089$27,528,808$190,623,325
85$282,243,477$48,707,135$28,383,760$209,202,943
86$310,962,930$51,024,403$29,265,234$229,646,128
87$342,609,582$53,453,032$30,174,053$252,141,751
88$377,481,938$55,998,409$31,111,062$276,897,905
89$415,908,949$58,666,184$32,077,136$304,143,852
90$458,253,117$61,462,282$33,073,175$334,132,189
91$504,913,915$64,392,914$34,100,107$367,141,221
92$556,331,563$67,464,595$35,158,889$403,477,584
93$612,991,178$70,684,156$36,250,508$443,479,129
94$675,427,359$74,058,760$37,375,980$487,518,106
95$744,229,229$77,595,919$38,536,355$536,004,669
96$820,046,000$81,303,510$39,732,713$589,390,739
97$903,593,102$85,189,792$40,966,169$648,174,264
98$995,658,935$89,263,427$42,237,872$712,903,906
99$1,097,112,311$93,533,500$43,549,005$784,184,214
100$1,208,910,661$98,009,536$44,900,791$862,681,321