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%14.2%
1 years$801,017$793,882$786,921$780,126$773,492$760,052
2 years$396,543$389,158$382,000$375,061$368,329$354,833
3 years$261,736$254,319$247,180$240,305$233,683$220,550
4 years$194,346$186,951$179,883$173,126$166,665$153,996
5 years$153,922$146,572$139,597$132,978$126,696$114,528
6 years$126,982$119,687$112,815$106,343$100,250$88,597
7 years$107,746$100,513$93,750$87,431$81,530$70,395
8 years$93,326$86,158$79,507$73,343$67,637$57,018
9 years$82,117$75,016$68,480$62,472$56,960$46,850
10 years$73,154$66,123$59,702$53,852$48,533$38,924
11 years$65,826$58,866$52,561$46,867$41,740$32,621
12 years$59,723$52,835$46,646$41,109$36,171$27,530
13 years$54,564$47,747$41,675$36,293$31,542$23,366
14 years$50,145$43,401$37,446$32,217$27,649$19,924
15 years$46,319$39,647$33,808$28,732$24,345$17,055
16 years$42,975$36,376$30,652$25,726$21,516$14,647
17 years$40,027$33,501$27,892$23,115$19,078$12,613
18 years$37,409$30,956$25,462$20,831$16,963$10,886
19 years$35,070$28,690$23,309$18,823$15,119$9,414
20 years$32,967$26,660$21,392$17,047$13,505$8,155
21 years$31,067$24,833$19,677$15,472$12,085$7,075
22 years$29,342$23,180$18,135$14,067$10,833$6,145
23 years$27,770$21,680$16,744$12,811$9,724$5,343
24 years$26,330$20,313$15,486$11,685$8,740$4,650
25 years$25,008$19,063$14,343$10,671$7,865$4,050
26 years$23,790$17,916$13,302$9,757$7,084$3,530
27 years$22,663$16,861$12,352$8,931$6,387$3,079
28 years$21,619$15,888$11,483$8,183$5,763$2,686
29 years$20,649$14,988$10,686$7,504$5,204$2,345
30 years$19,745$14,155$9,954$6,887$4,702$2,048
31 years$18,901$13,381$9,280$6,325$4,251$1,789
32 years$18,111$12,661$8,658$5,813$3,846$1,563
33 years$17,371$11,990$8,084$5,345$3,480$1,367
34 years$16,676$11,364$7,553$4,918$3,151$1,195
35 years$16,022$10,779$7,062$4,527$2,854$1,045
36 years$15,406$10,231$6,606$4,170$2,586$914
37 years$14,824$9,717$6,183$3,842$2,344$799
38 years$14,275$9,234$5,790$3,541$2,125$699
39 years$13,754$8,781$5,425$3,265$1,927$612
40 years$13,261$8,354$5,085$3,011$1,748$535
41 years$12,794$7,953$4,768$2,778$1,586$468
42 years$12,350$7,574$4,472$2,564$1,439$410
43 years$11,927$7,216$4,197$2,367$1,306$359
44 years$11,525$6,879$3,939$2,186$1,185$314
45 years$11,142$6,559$3,699$2,018$1,076$275
46 years$10,776$6,257$3,474$1,864$977$241
47 years$10,428$5,971$3,264$1,723$887$211
48 years$10,094$5,701$3,067$1,592$806$184
49 years$9,776$5,444$2,883$1,471$732$161
50 years$9,471$5,200$2,710$1,360$665$141

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 $5,078 every year, while hoping to spend $48,196 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: 72/14/14 Blend
50$9,700,000$9,700,000$9,700,000$9,700,000
51$10,694,638$10,180,538$10,030,188$11,431,490
52$11,734,211$10,628,104$10,314,919$12,368,060
53$12,878,205$11,095,986$10,607,573$13,386,945
54$14,137,220$11,585,127$10,908,365$14,501,396
55$15,522,936$12,096,518$11,217,515$15,720,859
56$17,048,222$12,631,194$11,535,249$17,055,728
57$18,727,259$13,190,241$11,861,798$18,517,448
58$20,575,671$13,774,795$12,197,400$20,118,618
59$22,610,676$14,386,046$12,542,299$21,873,110
60$24,851,244$15,025,241$12,896,745$23,796,194
61$27,318,280$15,693,687$13,260,995$25,904,686
62$30,034,818$16,392,751$13,635,312$28,217,102
63$33,026,240$17,123,866$14,019,965$30,753,830
64$36,320,515$17,888,535$14,415,233$33,537,323
65$39,948,463$18,688,328$14,821,398$36,592,307
66$43,944,044$19,524,894$15,238,753$39,946,011
67$48,344,680$20,399,958$15,667,595$43,628,425
68$53,191,610$21,315,327$16,108,231$47,672,578
69$58,530,273$22,272,897$16,560,976$52,114,849
70$64,410,742$23,274,651$17,026,150$56,995,305
71$70,888,197$24,322,668$17,504,085$62,358,081
72$78,023,440$25,419,126$17,995,119$68,251,789
73$85,883,475$26,566,306$18,499,599$74,729,978
74$94,542,134$27,766,600$19,017,881$81,851,634
75$104,080,781$29,022,513$19,550,329$89,681,733
76$114,589,074$30,336,669$20,097,318$98,291,853
77$126,165,812$31,711,819$20,659,231$107,760,847
78$138,919,870$33,150,843$21,236,460$118,175,579
79$152,971,224$34,656,761$21,829,409$129,631,746
80$168,452,084$36,232,738$22,438,489$142,234,772
81$185,508,142$37,882,088$23,064,125$156,100,805
82$204,299,948$39,608,285$23,706,748$171,357,803
83$225,004,422$41,414,971$24,366,803$188,146,743
84$247,816,527$43,305,959$25,044,746$206,622,941
85$272,951,110$45,285,247$25,741,042$226,957,520
86$300,644,924$47,357,026$26,456,168$249,339,015
87$331,158,872$49,525,685$27,190,614$273,975,152
88$364,780,458$51,795,825$27,944,882$301,094,798
89$401,826,514$54,172,269$28,719,484$330,950,121
90$442,646,178$56,660,070$29,514,946$363,818,961
91$487,624,198$59,264,524$30,331,807$400,007,450
92$537,184,562$61,991,182$31,170,619$439,852,890
93$591,794,498$64,845,860$32,031,945$483,726,936
94$651,968,887$67,834,657$32,916,365$532,039,094
95$718,275,121$70,963,963$33,824,471$585,240,581
96$791,338,461$74,240,475$34,756,868$643,828,575
97$871,847,939$77,671,213$35,714,178$708,350,904
98$960,562,862$81,263,535$36,697,036$779,411,205
99$1,058,319,979$85,025,154$37,706,093$857,674,616
100$1,166,041,383$88,964,153$38,742,013$943,874,045