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%15.4%
1 years$809,275$802,066$795,033$788,169$781,466$764,126
2 years$400,631$393,170$385,938$378,927$372,127$354,748
3 years$264,434$256,941$249,728$242,782$236,092$219,216
4 years$196,349$188,879$181,738$174,911$168,383$152,140
5 years$155,509$148,083$141,036$134,348$128,002$112,438
6 years$128,291$120,921$113,978$107,440$101,284$86,415
7 years$108,857$101,549$94,716$88,332$82,371$68,199
8 years$94,288$87,047$80,327$74,099$68,335$54,856
9 years$82,963$75,790$69,186$63,116$57,548$44,751
10 years$73,908$66,805$60,318$54,407$49,033$36,906
11 years$66,505$59,472$53,103$47,350$42,170$30,696
12 years$60,339$53,379$47,127$41,533$36,544$25,705
13 years$55,126$48,239$42,105$36,667$31,867$21,644
14 years$50,662$43,848$37,832$32,549$27,934$18,306
15 years$46,797$40,056$34,157$29,028$24,596$15,541
16 years$43,418$36,751$30,968$25,991$21,738$13,234
17 years$40,439$33,846$28,180$23,353$19,274$11,298
18 years$37,795$31,275$25,725$21,046$17,138$9,666
19 years$35,431$28,986$23,550$19,017$15,275$8,286
20 years$33,307$26,935$21,613$17,223$13,644$7,113
21 years$31,388$25,089$19,879$15,631$12,210$6,115
22 years$29,645$23,419$18,322$14,212$10,944$5,262
23 years$28,056$21,904$16,917$12,943$9,824$4,533
24 years$26,602$20,522$15,645$11,805$8,830$3,908
25 years$25,266$19,259$14,491$10,781$7,946$3,371
26 years$24,035$18,101$13,440$9,858$7,157$2,910
27 years$22,897$17,035$12,480$9,023$6,453$2,514
28 years$21,842$16,052$11,602$8,267$5,823$2,172
29 years$20,862$15,143$10,796$7,581$5,258$1,878
30 years$19,949$14,301$10,056$6,958$4,751$1,624
31 years$19,096$13,519$9,375$6,390$4,295$1,404
32 years$18,298$12,792$8,747$5,872$3,885$1,215
33 years$17,550$12,114$8,167$5,400$3,516$1,051
34 years$16,848$11,481$7,631$4,969$3,183$910
35 years$16,187$10,890$7,135$4,574$2,883$788
36 years$15,565$10,336$6,674$4,213$2,612$682
37 years$14,977$9,817$6,247$3,881$2,368$591
38 years$14,422$9,330$5,850$3,577$2,147$511
39 years$13,896$8,872$5,481$3,299$1,947$443
40 years$13,398$8,441$5,137$3,042$1,766$384
41 years$12,926$8,035$4,817$2,807$1,602$332
42 years$12,477$7,652$4,519$2,591$1,454$288
43 years$12,050$7,291$4,240$2,391$1,319$249
44 years$11,644$6,950$3,980$2,208$1,197$216
45 years$11,257$6,627$3,737$2,039$1,087$187
46 years$10,888$6,322$3,510$1,884$987$162
47 years$10,535$6,033$3,298$1,740$896$140
48 years$10,198$5,759$3,099$1,608$814$122
49 years$9,876$5,500$2,913$1,486$739$105
50 years$9,568$5,254$2,738$1,374$671$91

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 $4,512 every year, while hoping to spend $35,672 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: 59/26/15 Blend
50$9,800,000$9,800,000$9,800,000$9,800,000
51$10,804,254$10,284,854$10,132,954$11,400,300
52$11,868,333$10,750,857$10,434,453$12,269,301
53$13,039,753$11,238,499$10,744,857$13,212,148
54$14,329,424$11,748,802$11,064,426$14,239,484
55$15,749,370$12,282,838$11,393,429$15,359,460
56$17,312,838$12,841,729$11,732,141$16,581,038
57$19,034,426$13,426,652$12,080,847$17,914,076
58$20,930,220$14,038,841$12,439,838$19,369,413
59$23,017,945$14,679,587$12,809,415$20,958,973
60$25,317,133$15,350,243$13,189,887$22,695,872
61$27,849,305$16,052,230$13,581,573$24,594,541
62$30,638,178$16,787,034$13,984,800$26,670,854
63$33,709,887$17,556,212$14,399,905$28,942,282
64$37,093,227$18,361,399$14,827,234$31,428,047
65$40,819,934$19,204,305$15,267,144$34,149,304
66$44,924,976$20,086,725$15,720,002$37,129,334
67$49,446,886$21,010,537$16,186,185$40,393,764
68$54,428,128$21,977,712$16,666,081$43,970,800
69$59,915,492$22,990,315$17,160,090$47,891,488
70$65,960,542$24,050,511$17,668,623$52,190,010
71$72,620,097$25,160,566$18,192,102$56,903,991
72$79,956,772$26,322,859$18,730,962$62,074,859
73$88,039,565$27,539,881$19,285,651$67,748,224
74$96,944,509$28,814,244$19,856,630$73,974,305
75$106,755,393$30,148,685$20,444,370$80,808,400
76$117,564,547$31,546,074$21,049,360$88,311,398
77$129,473,717$33,009,419$21,672,100$96,550,351
78$142,595,027$34,541,871$22,313,107$105,599,100
79$157,052,033$36,146,736$22,972,909$115,538,961
80$172,980,891$37,827,476$23,652,052$126,459,491
81$190,531,644$39,587,725$24,351,097$138,459,321
82$209,869,634$41,431,286$25,070,622$151,647,082
83$231,177,068$43,362,150$25,811,219$166,142,421
84$254,654,733$45,384,500$26,573,499$182,077,121
85$280,523,895$47,502,719$27,358,091$199,596,338
86$309,028,384$49,721,404$28,165,638$218,859,961
87$340,436,899$52,045,373$28,996,807$240,044,108
88$375,045,543$54,479,677$29,852,280$263,342,783
89$413,180,617$57,029,609$30,732,760$288,969,695
90$455,201,702$59,700,722$31,638,970$317,160,263
91$501,505,053$62,498,834$32,571,652$348,173,824
92$552,527,337$65,430,047$33,531,572$382,296,076
93$608,749,761$68,500,755$34,519,515$419,841,754
94$670,702,609$71,717,663$35,536,291$461,157,594
95$738,970,248$75,087,802$36,582,730$506,625,587
96$814,196,650$78,618,541$37,659,688$556,666,571
97$897,091,465$82,317,606$38,768,044$611,744,193
98$988,436,724$86,193,098$39,908,703$672,369,262
99$1,089,094,220$90,253,511$41,082,595$739,104,561
100$1,200,013,645$94,507,747$42,290,676$812,570,136