Can I retire at age 51 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$784,501$777,513$770,696$764,041$757,543$735,653
2 years$388,367$381,134$374,124$367,327$360,735$338,854
3 years$256,339$249,075$242,083$235,350$228,865$207,680
4 years$190,339$183,097$176,174$169,557$163,228$142,902
5 years$150,748$143,550$136,719$130,236$124,084$104,671
6 years$124,364$117,219$110,489$104,151$98,183$79,701
7 years$105,525$98,441$91,817$85,628$79,849$62,299
8 years$91,402$84,382$77,868$71,831$66,243$49,613
9 years$80,423$73,470$67,068$61,184$55,786$40,061
10 years$71,646$64,760$58,471$52,741$47,532$32,691
11 years$64,469$57,652$51,477$45,901$40,879$26,896
12 years$58,492$51,745$45,685$40,261$35,425$22,273
13 years$53,439$46,763$40,816$35,545$30,891$18,541
14 years$49,111$42,506$36,673$31,552$27,079$15,500
15 years$45,364$38,830$33,111$28,139$23,843$13,003
16 years$42,089$35,626$30,020$25,196$21,072$10,939
17 years$39,201$32,810$27,317$22,638$18,684$9,224
18 years$36,638$30,318$24,937$20,401$16,613$7,794
19 years$34,347$28,098$22,829$18,434$14,808$6,596
20 years$32,287$26,110$20,951$16,696$13,226$5,590
21 years$30,427$24,321$19,271$15,153$11,836$4,743
22 years$28,737$22,702$17,761$13,777$10,609$4,028
23 years$27,197$21,233$16,399$12,547$9,524$3,424
24 years$25,787$19,894$15,167$11,444$8,560$2,912
25 years$24,492$18,670$14,047$10,451$7,703$2,479
26 years$23,299$17,546$13,028$9,556$6,938$2,111
27 years$22,196$16,513$12,098$8,747$6,256$1,798
28 years$21,173$15,560$11,246$8,014$5,644$1,532
29 years$20,223$14,679$10,466$7,349$5,097$1,306
30 years$19,338$13,863$9,748$6,745$4,605$1,114
31 years$18,511$13,105$9,088$6,194$4,164$950
32 years$17,738$12,400$8,479$5,693$3,766$810
33 years$17,013$11,743$7,917$5,235$3,408$691
34 years$16,332$11,130$7,397$4,817$3,086$590
35 years$15,692$10,557$6,916$4,434$2,795$503
36 years$15,088$10,020$6,470$4,084$2,533$430
37 years$14,519$9,516$6,056$3,762$2,295$367
38 years$13,980$9,044$5,671$3,468$2,081$313
39 years$13,471$8,600$5,313$3,198$1,887$267
40 years$12,988$8,182$4,980$2,949$1,712$228
41 years$12,530$7,789$4,670$2,721$1,553$195
42 years$12,095$7,418$4,380$2,511$1,409$166
43 years$11,681$7,068$4,110$2,318$1,279$142
44 years$11,287$6,737$3,858$2,140$1,161$121
45 years$10,912$6,424$3,623$1,977$1,054$104
46 years$10,554$6,128$3,403$1,826$957$88
47 years$10,213$5,848$3,197$1,687$869$75
48 years$9,886$5,583$3,004$1,559$789$64
49 years$9,574$5,332$2,823$1,441$717$55
50 years$9,275$5,093$2,654$1,332$651$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,500,000, adding $6,135 every year, while hoping to spend $29,416 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: 68/13/19 Blend
50$9,500,000$9,500,000$9,500,000$9,500,000
51$10,475,328$9,971,828$9,824,578$11,138,334
52$11,512,513$10,429,149$10,122,403$12,039,495
53$12,654,505$10,907,893$10,429,219$13,020,874
54$13,911,964$11,409,079$10,745,297$14,093,659
55$15,296,634$11,933,774$11,070,914$15,266,854
56$16,821,458$12,483,096$11,406,358$16,550,366
57$18,500,698$13,058,220$11,751,922$17,955,099
58$20,350,070$13,660,373$12,107,912$19,493,059
59$22,386,890$14,290,844$12,474,640$21,177,457
60$24,630,241$14,950,983$12,852,428$23,022,843
61$27,101,149$15,642,205$13,241,609$25,045,230
62$29,822,788$16,365,994$13,642,524$27,262,253
63$32,820,689$17,123,905$14,055,525$29,693,325
64$36,122,989$17,917,566$14,480,975$32,359,826
65$39,760,693$18,748,686$14,919,247$35,285,295
66$43,767,968$19,619,056$15,370,725$38,495,654
67$48,182,462$20,530,551$15,835,807$42,019,451
68$53,045,666$21,485,141$16,314,898$45,888,124
69$58,403,296$22,484,885$16,808,420$50,136,297
70$64,305,735$23,531,947$17,316,805$54,802,102
71$70,808,499$24,628,592$17,840,497$59,927,539
72$77,972,768$25,777,195$18,379,956$65,558,868
73$85,865,960$26,980,247$18,935,653$71,747,040
74$94,562,366$28,240,357$19,508,076$78,548,179
75$104,143,854$29,560,261$20,097,724$86,024,105
76$114,700,643$30,942,830$20,705,113$94,242,916
77$126,332,149$32,391,068$21,330,774$103,279,626
78$139,147,927$33,908,130$21,975,255$113,216,868
79$153,268,707$35,497,320$22,639,117$124,145,674
80$168,827,528$37,162,102$23,322,941$136,166,325
81$185,971,000$38,906,109$24,027,323$149,389,296
82$204,860,683$40,733,149$24,752,879$163,936,295
83$225,674,613$42,647,214$25,500,241$179,941,404
84$248,608,986$44,652,489$26,270,061$197,552,342
85$273,880,005$46,753,363$27,063,010$216,931,855
86$301,725,924$48,954,437$27,879,780$238,259,243
87$332,409,297$51,260,533$28,721,081$261,732,052
88$366,219,454$53,676,709$29,587,647$287,567,929
89$403,475,237$56,208,266$30,480,232$316,006,670
90$444,528,004$58,860,763$31,399,612$347,312,482
91$489,764,949$61,640,029$32,346,588$381,776,464
92$539,612,758$64,552,175$33,321,983$419,719,352
93$594,541,635$67,603,607$34,326,644$461,494,538
94$655,069,740$70,801,043$35,361,446$507,491,402
95$721,768,086$74,151,526$36,427,286$558,138,971
96$795,265,922$77,662,441$37,525,091$613,909,970
97$876,256,677$81,341,533$38,655,814$675,325,272
98$965,504,510$85,196,919$39,820,435$742,958,804
99$1,063,851,515$89,237,114$41,019,965$817,442,960
100$1,172,225,680$93,471,042$42,255,444$899,474,557