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%14.7%
1 years$801,017$793,882$786,921$780,126$773,492$758,495
2 years$396,543$389,158$382,000$375,061$368,329$353,281
3 years$261,736$254,319$247,180$240,305$233,683$219,053
4 years$194,346$186,951$179,883$173,126$166,665$152,565
5 years$153,922$146,572$139,597$132,978$126,696$113,167
6 years$126,982$119,687$112,815$106,343$100,250$87,307
7 years$107,746$100,513$93,750$87,431$81,530$69,176
8 years$93,326$86,158$79,507$73,343$67,637$55,868
9 years$82,117$75,016$68,480$62,472$56,960$45,769
10 years$73,154$66,123$59,702$53,852$48,533$37,909
11 years$65,826$58,866$52,561$46,867$41,740$31,670
12 years$59,723$52,835$46,646$41,109$36,171$26,642
13 years$54,564$47,747$41,675$36,293$31,542$22,537
14 years$50,145$43,401$37,446$32,217$27,649$19,153
15 years$46,319$39,647$33,808$28,732$24,345$16,338
16 years$42,975$36,376$30,652$25,726$21,516$13,982
17 years$40,027$33,501$27,892$23,115$19,078$11,997
18 years$37,409$30,956$25,462$20,831$16,963$10,317
19 years$35,070$28,690$23,309$18,823$15,119$8,890
20 years$32,967$26,660$21,392$17,047$13,505$7,672
21 years$31,067$24,833$19,677$15,472$12,085$6,630
22 years$29,342$23,180$18,135$14,067$10,833$5,737
23 years$27,770$21,680$16,744$12,811$9,724$4,969
24 years$26,330$20,313$15,486$11,685$8,740$4,307
25 years$25,008$19,063$14,343$10,671$7,865$3,737
26 years$23,790$17,916$13,302$9,757$7,084$3,244
27 years$22,663$16,861$12,352$8,931$6,387$2,818
28 years$21,619$15,888$11,483$8,183$5,763$2,449
29 years$20,649$14,988$10,686$7,504$5,204$2,129
30 years$19,745$14,155$9,954$6,887$4,702$1,851
31 years$18,901$13,381$9,280$6,325$4,251$1,611
32 years$18,111$12,661$8,658$5,813$3,846$1,402
33 years$17,371$11,990$8,084$5,345$3,480$1,220
34 years$16,676$11,364$7,553$4,918$3,151$1,062
35 years$16,022$10,779$7,062$4,527$2,854$925
36 years$15,406$10,231$6,606$4,170$2,586$806
37 years$14,824$9,717$6,183$3,842$2,344$702
38 years$14,275$9,234$5,790$3,541$2,125$611
39 years$13,754$8,781$5,425$3,265$1,927$533
40 years$13,261$8,354$5,085$3,011$1,748$464
41 years$12,794$7,953$4,768$2,778$1,586$404
42 years$12,350$7,574$4,472$2,564$1,439$352
43 years$11,927$7,216$4,197$2,367$1,306$307
44 years$11,525$6,879$3,939$2,186$1,185$268
45 years$11,142$6,559$3,699$2,018$1,076$233
46 years$10,776$6,257$3,474$1,864$977$203
47 years$10,428$5,971$3,264$1,723$887$177
48 years$10,094$5,701$3,067$1,592$806$154
49 years$9,776$5,444$2,883$1,471$732$135
50 years$9,471$5,200$2,710$1,360$665$117

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 $4,790 every year, while hoping to spend $32,714 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: 74/15/11 Blend
50$9,700,000$9,700,000$9,700,000$9,700,000
51$10,694,341$10,180,241$10,029,891$11,462,703
52$11,750,356$10,644,265$10,331,085$12,434,556
53$12,912,989$11,129,930$10,641,272$13,494,438
54$14,193,079$11,638,262$10,960,720$14,654,726
55$15,602,571$12,170,336$11,289,703$15,925,362
56$17,154,629$12,727,277$11,628,503$17,317,289
57$18,863,755$13,310,268$11,977,412$18,842,554
58$20,745,931$13,920,544$12,336,729$20,514,418
59$22,818,769$14,559,404$12,706,762$22,347,482
60$25,101,674$15,228,205$13,087,829$24,357,821
61$27,616,031$15,928,373$13,480,257$26,563,134
62$30,385,402$16,661,399$13,884,381$28,982,911
63$33,435,754$17,428,849$14,300,549$31,638,611
64$36,795,699$18,232,361$14,729,116$34,553,867
65$40,496,768$19,073,654$15,170,449$37,754,703
66$44,573,706$19,954,530$15,624,926$41,269,779
67$49,064,798$20,876,877$16,092,936$45,130,659
68$54,012,236$21,842,672$16,574,878$49,372,104
69$59,462,512$22,853,991$17,071,164$54,032,402
70$65,466,858$23,913,006$17,582,218$59,153,722
71$72,081,731$25,021,997$18,108,476$64,782,512
72$79,369,345$26,183,353$18,650,387$70,969,933
73$87,398,256$27,399,575$19,208,413$77,772,338
74$96,244,014$28,673,290$19,783,031$85,251,803
75$105,989,870$30,007,248$20,374,729$93,476,706
76$116,727,565$31,404,331$20,984,011$102,522,373
77$128,558,198$32,867,564$21,611,396$112,471,781
78$141,593,174$34,400,115$22,257,417$123,416,339
79$155,955,262$36,005,305$22,922,625$135,456,747
80$171,779,750$37,686,616$23,607,584$148,703,944
81$189,215,722$39,447,698$24,312,876$163,280,144
82$208,427,469$41,292,378$25,039,101$179,319,994
83$229,596,034$43,224,668$25,786,874$196,971,832
84$252,920,924$45,248,772$26,556,829$216,399,087
85$278,621,996$47,369,099$27,349,620$237,781,815
86$306,941,526$49,590,271$28,165,919$261,318,391
87$338,146,500$51,917,133$29,006,416$287,227,379
88$372,531,135$54,354,765$29,871,823$315,749,588
89$410,419,655$56,908,492$30,762,873$347,150,335
90$452,169,349$59,583,898$31,680,318$381,721,950
91$498,173,949$62,386,835$32,624,935$419,786,520
92$548,867,343$65,323,441$33,597,522$461,698,931
93$604,727,673$68,400,150$34,598,899$507,850,202
94$666,281,845$71,623,707$35,629,912$558,671,174
95$734,110,510$75,001,185$36,691,431$614,636,567
96$808,853,537$78,539,999$37,784,350$676,269,452
97$891,216,062$82,247,923$38,909,589$744,146,180
98$981,975,138$86,133,109$40,068,098$818,901,813
99$1,081,987,072$90,204,102$41,260,850$901,236,109
100$1,192,195,514$94,469,863$42,488,849$991,920,120