Can I retire at age 51 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$809,275$802,066$795,033$788,169$781,466$774,272
2 years$400,631$393,170$385,938$378,927$372,127$364,878
3 years$264,434$256,941$249,728$242,782$236,092$229,015
4 years$196,349$188,879$181,738$174,911$168,383$161,530
5 years$155,509$148,083$141,036$134,348$128,002$121,395
6 years$128,291$120,921$113,978$107,440$101,284$94,930
7 years$108,857$101,549$94,716$88,332$82,371$76,273
8 years$94,288$87,047$80,327$74,099$68,335$62,493
9 years$82,963$75,790$69,186$63,116$57,548$51,960
10 years$73,908$66,805$60,318$54,407$49,033$43,696
11 years$66,505$59,472$53,103$47,350$42,170$37,080
12 years$60,339$53,379$47,127$41,533$36,544$31,695
13 years$55,126$48,239$42,105$36,667$31,867$27,255
14 years$50,662$43,848$37,832$32,549$27,934$23,552
15 years$46,797$40,056$34,157$29,028$24,596$20,437
16 years$43,418$36,751$30,968$25,991$21,738$17,796
17 years$40,439$33,846$28,180$23,353$19,274$15,543
18 years$37,795$31,275$25,725$21,046$17,138$13,609
19 years$35,431$28,986$23,550$19,017$15,275$11,942
20 years$33,307$26,935$21,613$17,223$13,644$10,500
21 years$31,388$25,089$19,879$15,631$12,210$9,246
22 years$29,645$23,419$18,322$14,212$10,944$8,154
23 years$28,056$21,904$16,917$12,943$9,824$7,200
24 years$26,602$20,522$15,645$11,805$8,830$6,364
25 years$25,266$19,259$14,491$10,781$7,946$5,631
26 years$24,035$18,101$13,440$9,858$7,157$4,986
27 years$22,897$17,035$12,480$9,023$6,453$4,419
28 years$21,842$16,052$11,602$8,267$5,823$3,918
29 years$20,862$15,143$10,796$7,581$5,258$3,477
30 years$19,949$14,301$10,056$6,958$4,751$3,086
31 years$19,096$13,519$9,375$6,390$4,295$2,741
32 years$18,298$12,792$8,747$5,872$3,885$2,435
33 years$17,550$12,114$8,167$5,400$3,516$2,164
34 years$16,848$11,481$7,631$4,969$3,183$1,924
35 years$16,187$10,890$7,135$4,574$2,883$1,711
36 years$15,565$10,336$6,674$4,213$2,612$1,522
37 years$14,977$9,817$6,247$3,881$2,368$1,354
38 years$14,422$9,330$5,850$3,577$2,147$1,205
39 years$13,896$8,872$5,481$3,299$1,947$1,073
40 years$13,398$8,441$5,137$3,042$1,766$955
41 years$12,926$8,035$4,817$2,807$1,602$850
42 years$12,477$7,652$4,519$2,591$1,454$757
43 years$12,050$7,291$4,240$2,391$1,319$674
44 years$11,644$6,950$3,980$2,208$1,197$600
45 years$11,257$6,627$3,737$2,039$1,087$535
46 years$10,888$6,322$3,510$1,884$987$476
47 years$10,535$6,033$3,298$1,740$896$424
48 years$10,198$5,759$3,099$1,608$814$378
49 years$9,876$5,500$2,913$1,486$739$337
50 years$9,568$5,254$2,738$1,374$671$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,800,000, adding $2,828 every year, while hoping to spend $35,706 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: 50/41/9 Blend
50$9,800,000$9,800,000$9,800,000$9,800,000
51$10,802,517$10,283,117$10,131,217$11,316,992
52$11,866,383$10,748,999$10,432,622$12,134,620
53$13,037,566$11,236,512$10,742,927$13,018,568
54$14,326,976$11,746,679$11,062,393$13,978,257
55$15,746,632$12,280,571$11,391,288$15,020,796
56$17,309,780$12,839,311$11,729,887$16,153,991
57$19,031,014$13,424,073$12,078,475$17,386,415
58$20,926,417$14,036,092$12,437,343$18,727,489
59$23,013,709$14,676,658$12,806,792$20,187,559
60$25,312,418$15,347,125$13,187,130$21,777,996
61$27,844,061$16,048,911$13,578,676$23,511,296
62$30,632,351$16,783,503$13,981,756$25,401,194
63$33,703,413$17,552,457$14,396,708$27,462,787
64$37,086,041$18,357,408$14,823,878$29,712,674
65$40,811,961$19,200,064$15,263,621$32,169,105
66$44,916,134$20,082,220$15,716,305$34,852,150
67$49,437,085$21,005,754$16,182,307$37,783,879
68$54,417,267$21,972,635$16,662,014$40,988,566
69$59,903,462$22,984,928$17,155,825$44,492,914
70$65,947,222$24,044,796$17,664,152$48,326,297
71$72,605,353$25,154,506$18,187,416$52,521,029
72$79,940,457$26,316,435$18,726,052$57,112,666
73$88,021,516$27,533,073$19,280,507$62,140,331
74$96,924,548$28,807,031$19,851,241$67,647,075
75$106,733,322$30,141,045$20,438,728$73,680,276
76$117,540,148$31,537,983$21,043,452$80,292,076
77$129,446,751$33,000,853$21,665,916$87,539,865
78$142,565,230$34,532,804$22,306,634$95,486,813
79$157,019,113$36,137,141$22,966,136$104,202,454
80$172,944,527$37,817,326$23,644,966$113,763,334
81$190,491,481$39,576,988$24,343,685$124,253,721
82$209,825,283$41,419,931$25,062,870$135,766,391
83$231,128,099$43,350,145$25,803,113$148,403,486
84$254,600,672$45,371,808$26,565,024$162,277,472
85$280,464,219$47,489,305$27,349,230$177,512,183
86$308,962,517$49,707,229$28,156,378$194,243,976
87$340,364,207$52,030,396$28,987,129$212,623,005
88$374,965,325$54,463,855$29,842,168$232,814,621
89$413,092,103$57,012,899$30,722,195$255,000,921
90$455,104,042$59,683,075$31,627,933$279,382,442
91$501,397,310$62,480,202$32,560,124$306,180,045
92$552,408,480$65,410,376$33,519,533$335,636,974
93$608,618,651$68,479,991$34,506,943$368,021,140
94$670,557,992$71,695,749$35,523,165$403,627,623
95$738,810,744$75,064,677$36,569,027$442,781,438
96$814,020,735$78,594,141$37,645,384$485,840,584
97$896,897,460$82,291,864$38,753,115$533,199,396
98$988,222,780$86,165,945$39,893,123$585,292,247
99$1,088,858,299$90,224,871$41,066,338$642,597,617
100$1,199,753,499$94,477,543$42,273,714$705,642,589