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%12.7%
1 years$966,175$957,569$949,172$940,977$932,974$922,464
2 years$478,304$469,397$460,763$452,393$444,274$433,692
3 years$315,702$306,756$298,144$289,852$281,865$271,542
4 years$234,417$225,498$216,973$208,822$201,029$191,043
5 years$185,659$176,793$168,380$160,396$152,819$143,200
6 years$153,164$144,365$136,076$128,270$120,920$111,680
7 years$129,962$121,237$113,080$105,458$98,341$89,482
8 years$112,569$103,923$95,901$88,466$81,583$73,106
9 years$99,048$90,484$82,599$75,353$68,705$60,606
10 years$88,237$79,757$72,012$64,955$58,540$50,814
11 years$79,398$71,003$63,398$56,530$50,346$42,987
12 years$72,038$63,728$56,264$49,585$43,629$36,628
13 years$65,814$57,592$50,268$43,776$38,045$31,395
14 years$60,484$52,349$45,166$38,859$33,350$27,040
15 years$55,870$47,822$40,779$34,656$29,364$23,385
16 years$51,835$43,876$36,972$31,030$25,952$20,293
17 years$48,280$40,408$33,643$27,881$23,011$17,662
18 years$45,122$37,339$30,712$25,126$20,460$15,410
19 years$42,301$34,605$28,115$22,704$18,237$13,473
20 years$39,765$32,157$25,803$20,562$16,289$11,802
21 years$37,473$29,953$23,734$18,662$14,577$10,355
22 years$35,392$27,960$21,874$16,968$13,066$9,097
23 years$33,495$26,150$20,197$15,453$11,729$8,002
24 years$31,759$24,501$18,679$14,094$10,542$7,046
25 years$30,164$22,993$17,300$12,871$9,487$6,210
26 years$28,695$21,610$16,045$11,769$8,545$5,477
27 years$27,336$20,337$14,899$10,772$7,704$4,835
28 years$26,077$19,164$13,851$9,870$6,952$4,270
29 years$24,906$18,079$12,889$9,051$6,277$3,773
30 years$23,816$17,074$12,006$8,306$5,672$3,336
31 years$22,798$16,140$11,193$7,629$5,128$2,951
32 years$21,846$15,272$10,443$7,011$4,638$2,611
33 years$20,953$14,463$9,751$6,447$4,198$2,311
34 years$20,114$13,707$9,111$5,932$3,801$2,046
35 years$19,326$13,001$8,518$5,461$3,442$1,812
36 years$18,582$12,340$7,968$5,029$3,119$1,605
37 years$17,881$11,720$7,458$4,634$2,827$1,422
38 years$17,218$11,138$6,984$4,271$2,563$1,260
39 years$16,590$10,592$6,543$3,938$2,324$1,116
40 years$15,996$10,077$6,133$3,632$2,108$990
41 years$15,432$9,592$5,751$3,351$1,912$877
42 years$14,896$9,135$5,395$3,093$1,735$778
43 years$14,386$8,704$5,062$2,855$1,575$690
44 years$13,901$8,297$4,752$2,636$1,430$611
45 years$13,439$7,912$4,462$2,435$1,298$542
46 years$12,998$7,548$4,190$2,249$1,178$481
47 years$12,578$7,203$3,937$2,078$1,070$426
48 years$12,176$6,876$3,700$1,920$972$378
49 years$11,791$6,566$3,477$1,774$883$336
50 years$11,423$6,272$3,269$1,640$802$298

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 $2,379 every year, while hoping to spend $50,749 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: 29/42/29 Blend
52$11,700,000$11,700,000$11,700,000$11,700,000
53$12,895,854$12,275,754$12,094,404$13,154,436
54$14,157,234$12,823,269$12,445,570$13,907,402
55$15,545,575$13,395,912$12,806,799$14,711,750
56$17,073,772$13,994,860$13,178,375$15,575,488
57$18,756,035$14,621,346$13,560,589$16,503,787
58$20,608,022$15,276,664$13,953,740$17,502,310
59$22,646,986$15,962,167$14,358,137$18,577,260
60$24,891,939$16,679,273$14,774,094$19,735,432
61$27,363,828$17,429,468$15,201,937$20,984,273
62$30,085,736$18,214,310$15,642,000$22,331,946
63$33,083,099$19,035,429$16,094,625$23,787,401
64$36,383,944$19,894,534$16,560,164$25,360,453
65$40,019,157$20,793,417$17,038,980$27,061,871
66$44,022,768$21,733,952$17,531,443$28,903,468
67$48,432,281$22,718,105$18,037,937$30,898,210
68$53,289,018$23,747,937$18,558,852$33,060,327
69$58,638,516$24,825,604$19,094,592$35,405,445
70$64,530,955$25,953,369$19,645,571$37,950,720
71$71,021,629$27,133,601$20,212,214$40,714,995
72$78,171,469$28,368,782$20,794,958$43,718,967
73$86,047,622$29,661,514$21,394,251$46,985,375
74$94,724,075$31,014,524$22,010,555$50,539,204
75$104,282,364$32,430,670$22,644,342$54,407,912
76$114,812,336$33,912,943$23,296,098$58,621,677
77$126,413,000$35,464,484$23,966,323$63,213,673
78$139,193,461$37,088,578$24,655,530$68,220,370
79$153,273,949$38,788,673$25,364,245$73,681,867
80$168,786,953$40,568,379$26,093,008$79,642,258
81$185,878,473$42,431,481$26,842,375$86,150,036
82$204,709,400$44,381,945$27,612,917$93,258,537
83$225,457,027$46,423,929$28,405,218$101,026,429
84$248,316,731$48,561,789$29,219,880$109,518,248
85$273,503,813$50,800,092$30,057,521$118,804,999
86$301,255,528$53,143,623$30,918,774$128,964,801
87$331,833,329$55,597,398$31,804,291$140,083,617
88$365,525,333$58,166,674$32,714,739$152,256,038
89$402,649,039$60,856,963$33,650,804$165,586,164
90$443,554,326$63,674,040$34,613,192$180,188,567
91$488,626,758$66,623,959$35,602,625$196,189,349
92$538,291,220$69,713,065$36,619,845$213,727,314
93$593,015,930$72,948,011$37,665,615$232,955,252
94$653,316,859$76,335,767$38,740,717$254,041,367
95$719,762,601$79,883,643$39,845,954$277,170,828
96$792,979,743$83,599,298$40,982,151$302,547,504
97$873,658,777$87,490,763$42,150,152$330,395,854
98$962,560,617$91,566,456$43,350,827$360,963,019
99$1,060,523,787$95,835,200$44,585,068$394,521,131
100$1,168,472,334$100,306,245$45,853,787$431,369,846