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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.3%
1 years$801,017$793,882$786,921$780,126$773,492$766,052
2 years$396,543$389,158$382,000$375,061$368,329$360,834
3 years$261,736$254,319$247,180$240,305$233,683$226,366
4 years$194,346$186,951$179,883$173,126$166,665$159,582
5 years$153,922$146,572$139,597$132,978$126,696$119,867
6 years$126,982$119,687$112,815$106,343$100,250$93,685
7 years$107,746$100,513$93,750$87,431$81,530$75,231
8 years$93,326$86,158$79,507$73,343$67,637$61,604
9 years$82,117$75,016$68,480$62,472$56,960$51,191
10 years$73,154$66,123$59,702$53,852$48,533$43,024
11 years$65,826$58,866$52,561$46,867$41,740$36,487
12 years$59,723$52,835$46,646$41,109$36,171$31,168
13 years$54,564$47,747$41,675$36,293$31,542$26,784
14 years$50,145$43,401$37,446$32,217$27,649$23,130
15 years$46,319$39,647$33,808$28,732$24,345$20,058
16 years$42,975$36,376$30,652$25,726$21,516$17,454
17 years$40,027$33,501$27,892$23,115$19,078$15,233
18 years$37,409$30,956$25,462$20,831$16,963$13,329
19 years$35,070$28,690$23,309$18,823$15,119$11,688
20 years$32,967$26,660$21,392$17,047$13,505$10,268
21 years$31,067$24,833$19,677$15,472$12,085$9,036
22 years$29,342$23,180$18,135$14,067$10,833$7,962
23 years$27,770$21,680$16,744$12,811$9,724$7,025
24 years$26,330$20,313$15,486$11,685$8,740$6,205
25 years$25,008$19,063$14,343$10,671$7,865$5,486
26 years$23,790$17,916$13,302$9,757$7,084$4,854
27 years$22,663$16,861$12,352$8,931$6,387$4,298
28 years$21,619$15,888$11,483$8,183$5,763$3,808
29 years$20,649$14,988$10,686$7,504$5,204$3,376
30 years$19,745$14,155$9,954$6,887$4,702$2,995
31 years$18,901$13,381$9,280$6,325$4,251$2,657
32 years$18,111$12,661$8,658$5,813$3,846$2,359
33 years$17,371$11,990$8,084$5,345$3,480$2,095
34 years$16,676$11,364$7,553$4,918$3,151$1,861
35 years$16,022$10,779$7,062$4,527$2,854$1,654
36 years$15,406$10,231$6,606$4,170$2,586$1,470
37 years$14,824$9,717$6,183$3,842$2,344$1,306
38 years$14,275$9,234$5,790$3,541$2,125$1,162
39 years$13,754$8,781$5,425$3,265$1,927$1,033
40 years$13,261$8,354$5,085$3,011$1,748$919
41 years$12,794$7,953$4,768$2,778$1,586$817
42 years$12,350$7,574$4,472$2,564$1,439$727
43 years$11,927$7,216$4,197$2,367$1,306$647
44 years$11,525$6,879$3,939$2,186$1,185$576
45 years$11,142$6,559$3,699$2,018$1,076$512
46 years$10,776$6,257$3,474$1,864$977$456
47 years$10,428$5,971$3,264$1,723$887$406
48 years$10,094$5,701$3,067$1,592$806$361
49 years$9,776$5,444$2,883$1,471$732$321
50 years$9,471$5,200$2,710$1,360$665$286

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 $3,669 every year, while hoping to spend $51,538 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: 44/34/22 Blend
50$9,700,000$9,700,000$9,700,000$9,700,000
51$10,693,185$10,179,085$10,028,735$11,095,356
52$11,729,053$10,623,024$10,309,861$11,823,923
53$12,868,853$11,086,988$10,598,678$12,607,854
54$14,123,131$11,571,906$10,895,389$13,456,565
55$15,503,508$12,078,746$11,200,201$14,376,083
56$17,022,787$12,608,526$11,513,329$15,373,029
57$18,695,077$13,162,310$11,834,992$16,454,673
58$20,535,923$13,741,211$12,165,412$17,629,000
59$22,562,456$14,346,399$12,504,822$18,904,786
60$24,793,548$14,979,094$12,853,455$20,291,672
61$27,249,998$15,640,578$13,211,554$21,800,254
62$29,954,723$16,332,191$13,579,366$23,442,178
63$32,932,974$17,055,338$13,957,144$25,230,248
64$36,212,576$17,811,489$14,345,148$27,178,539
65$39,824,193$18,602,185$14,743,644$29,302,528
66$43,801,609$19,429,041$15,152,904$31,619,235
67$48,182,055$20,293,746$15,573,208$34,147,380
68$53,006,556$21,198,070$16,004,842$36,907,550
69$58,320,319$22,143,870$16,448,099$39,922,395
70$64,173,159$23,133,087$16,903,278$43,216,830
71$70,619,970$24,167,758$17,370,686$46,818,268
72$77,721,242$25,250,013$17,850,639$50,756,872
73$85,543,632$26,382,087$18,343,459$55,065,831
74$94,160,592$27,566,319$18,849,475$59,781,672
75$103,653,065$28,805,161$19,369,025$64,944,594
76$114,110,246$30,101,182$19,902,455$70,598,839
77$125,630,422$31,457,071$20,450,119$76,793,107
78$138,321,906$32,875,649$21,012,379$83,581,003
79$152,304,053$34,359,868$21,589,606$91,021,538
80$167,708,387$35,912,822$22,182,179$99,179,677
81$184,679,848$37,537,756$22,790,487$108,126,942
82$203,378,151$39,238,065$23,414,927$117,942,079
83$223,979,302$41,017,309$24,055,906$128,711,792
84$246,677,252$42,879,219$24,713,840$140,531,548
85$271,685,733$44,827,702$25,389,155$153,506,474
86$299,240,272$46,866,854$26,082,287$167,752,332
87$329,600,416$49,000,966$26,793,679$183,396,602
88$363,052,181$51,234,535$27,523,789$200,579,675
89$399,910,749$53,572,273$28,273,083$219,456,166
90$440,523,450$56,019,119$29,042,035$240,196,357
91$485,273,033$58,580,247$29,831,135$262,987,791
92$534,581,284$61,261,080$30,640,879$288,037,032
93$588,913,004$64,067,302$31,471,778$315,571,596
94$648,780,399$67,004,869$32,324,351$345,842,085
95$714,747,914$70,080,021$33,199,130$379,124,534
96$787,437,560$73,299,301$34,096,660$415,723,001
97$867,534,789$76,669,565$35,017,496$455,972,421
98$955,794,961$80,197,998$35,962,206$500,241,743
99$1,053,050,478$83,892,130$36,931,370$548,937,401
100$1,160,218,636$87,759,854$37,925,581$602,507,125