Can I retire at age 53 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$966,175$957,569$949,172$940,977$932,974$924,386
2 years$478,304$469,397$460,763$452,393$444,274$435,620
3 years$315,702$306,756$298,144$289,852$281,865$273,415
4 years$234,417$225,498$216,973$208,822$201,029$192,847
5 years$185,659$176,793$168,380$160,396$152,819$144,930
6 years$153,164$144,365$136,076$128,270$120,920$113,334
7 years$129,962$121,237$113,080$105,458$98,341$91,060
8 years$112,569$103,923$95,901$88,466$81,583$74,609
9 years$99,048$90,484$82,599$75,353$68,705$62,034
10 years$88,237$79,757$72,012$64,955$58,540$52,168
11 years$79,398$71,003$63,398$56,530$50,346$44,269
12 years$72,038$63,728$56,264$49,585$43,629$37,840
13 years$65,814$57,592$50,268$43,776$38,045$32,539
14 years$60,484$52,349$45,166$38,859$33,350$28,118
15 years$55,870$47,822$40,779$34,656$29,364$24,399
16 years$51,835$43,876$36,972$31,030$25,952$21,247
17 years$48,280$40,408$33,643$27,881$23,011$18,556
18 years$45,122$37,339$30,712$25,126$20,460$16,248
19 years$42,301$34,605$28,115$22,704$18,237$14,258
20 years$39,765$32,157$25,803$20,562$16,289$12,535
21 years$37,473$29,953$23,734$18,662$14,577$11,039
22 years$35,392$27,960$21,874$16,968$13,066$9,735
23 years$33,495$26,150$20,197$15,453$11,729$8,596
24 years$31,759$24,501$18,679$14,094$10,542$7,598
25 years$30,164$22,993$17,300$12,871$9,487$6,723
26 years$28,695$21,610$16,045$11,769$8,545$5,953
27 years$27,336$20,337$14,899$10,772$7,704$5,275
28 years$26,077$19,164$13,851$9,870$6,952$4,678
29 years$24,906$18,079$12,889$9,051$6,277$4,151
30 years$23,816$17,074$12,006$8,306$5,672$3,685
31 years$22,798$16,140$11,193$7,629$5,128$3,272
32 years$21,846$15,272$10,443$7,011$4,638$2,907
33 years$20,953$14,463$9,751$6,447$4,198$2,584
34 years$20,114$13,707$9,111$5,932$3,801$2,297
35 years$19,326$13,001$8,518$5,461$3,442$2,043
36 years$18,582$12,340$7,968$5,029$3,119$1,817
37 years$17,881$11,720$7,458$4,634$2,827$1,617
38 years$17,218$11,138$6,984$4,271$2,563$1,439
39 years$16,590$10,592$6,543$3,938$2,324$1,281
40 years$15,996$10,077$6,133$3,632$2,108$1,140
41 years$15,432$9,592$5,751$3,351$1,912$1,015
42 years$14,896$9,135$5,395$3,093$1,735$904
43 years$14,386$8,704$5,062$2,855$1,575$805
44 years$13,901$8,297$4,752$2,636$1,430$717
45 years$13,439$7,912$4,462$2,435$1,298$638
46 years$12,998$7,548$4,190$2,249$1,178$568
47 years$12,578$7,203$3,937$2,078$1,070$506
48 years$12,176$6,876$3,700$1,920$972$451
49 years$11,791$6,566$3,477$1,774$883$402
50 years$11,423$6,272$3,269$1,640$802$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,700,000, adding $4,480 every year, while hoping to spend $28,045 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: 53/21/26 Blend
52$11,700,000$11,700,000$11,700,000$11,700,000
53$12,898,021$12,277,921$12,096,571$13,488,053
54$14,183,780$12,849,700$12,471,967$14,468,361
55$15,599,746$13,448,555$12,858,998$15,531,360
56$17,159,170$14,075,785$13,258,025$16,687,623
57$18,876,657$14,732,750$13,669,420$17,946,080
58$20,768,295$15,420,873$14,093,564$19,316,544
59$22,851,816$16,141,651$14,530,854$20,809,807
60$25,146,758$16,896,650$14,981,695$22,437,736
61$27,674,653$17,687,511$15,446,507$24,213,379
62$30,459,225$18,515,956$15,925,722$26,151,090
63$33,526,618$19,383,791$16,419,787$28,266,655
64$36,905,644$20,292,906$16,929,160$30,577,442
65$40,628,048$21,245,287$17,454,315$33,102,557
66$44,728,815$22,243,013$17,995,741$35,863,023
67$49,246,497$23,288,263$18,553,941$38,881,972
68$54,223,575$24,383,323$19,129,433$42,184,859
69$59,706,865$25,530,591$19,722,754$45,799,698
70$65,747,953$26,732,578$20,334,455$49,757,321
71$72,403,688$27,991,919$20,965,103$54,091,664
72$79,736,716$29,311,374$21,615,286$58,840,083
73$87,816,070$30,693,841$22,285,607$64,043,696
74$96,717,824$32,142,354$22,976,689$69,747,771
75$106,525,809$33,660,096$23,689,175$76,002,146
76$117,332,405$35,250,405$24,423,727$82,861,689
77$129,239,415$36,916,779$25,181,026$90,386,812
78$142,359,022$38,662,887$25,961,776$98,644,036
79$156,814,849$40,492,576$26,766,703$107,706,605
80$172,743,131$42,409,879$27,596,554$117,655,178
81$190,293,991$44,419,024$28,452,100$128,578,576
82$209,632,868$46,524,446$29,334,135$140,574,614
83$230,942,070$48,730,794$30,243,479$153,751,016
84$254,422,501$51,042,942$31,180,974$168,226,423
85$280,295,552$53,466,002$32,147,493$184,131,500
86$308,805,195$56,005,333$33,143,931$201,610,165
87$340,220,287$58,666,556$34,171,215$220,820,930
88$374,837,102$61,455,563$35,230,296$241,938,395
89$412,982,134$64,378,534$36,322,159$265,154,875
90$455,015,177$67,441,947$37,447,816$290,682,212
91$501,332,719$70,652,596$38,608,312$318,753,756
92$552,371,689$74,017,606$39,804,723$349,626,559
93$608,613,580$77,544,447$41,038,160$383,583,785
94$670,588,993$81,240,953$42,309,766$420,937,372
95$738,882,648$85,115,337$43,620,721$462,030,956
96$814,138,903$89,176,214$44,972,241$507,243,107
97$897,067,839$93,432,617$46,365,578$556,990,880
98$988,451,959$97,894,015$47,802,026$611,733,740
99$1,089,153,580$102,570,344$49,282,915$671,977,875
100$1,200,122,972$107,472,017$50,809,619$738,280,966