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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$966,175$957,569$949,172$940,977$932,974$898,800
2 years$478,304$469,397$460,763$452,393$444,274$410,223
3 years$315,702$306,756$298,144$289,852$281,865$249,011
4 years$234,417$225,498$216,973$208,822$201,029$169,620
5 years$185,659$176,793$168,380$160,396$152,819$122,938
6 years$153,164$144,365$136,076$128,270$120,920$92,589
7 years$129,962$121,237$113,080$105,458$98,341$71,552
8 years$112,569$103,923$95,901$88,466$81,583$56,313
9 years$99,048$90,484$82,599$75,353$68,705$44,919
10 years$88,237$79,757$72,012$64,955$58,540$36,197
11 years$79,398$71,003$63,398$56,530$50,346$29,398
12 years$72,038$63,728$56,264$49,585$43,629$24,024
13 years$65,814$57,592$50,268$43,776$38,045$19,728
14 years$60,484$52,349$45,166$38,859$33,350$16,265
15 years$55,870$47,822$40,779$34,656$29,364$13,452
16 years$51,835$43,876$36,972$31,030$25,952$11,154
17 years$48,280$40,408$33,643$27,881$23,011$9,269
18 years$45,122$37,339$30,712$25,126$20,460$7,716
19 years$42,301$34,605$28,115$22,704$18,237$6,432
20 years$39,765$32,157$25,803$20,562$16,289$5,368
21 years$37,473$29,953$23,734$18,662$14,577$4,485
22 years$35,392$27,960$21,874$16,968$13,066$3,750
23 years$33,495$26,150$20,197$15,453$11,729$3,138
24 years$31,759$24,501$18,679$14,094$10,542$2,627
25 years$30,164$22,993$17,300$12,871$9,487$2,200
26 years$28,695$21,610$16,045$11,769$8,545$1,843
27 years$27,336$20,337$14,899$10,772$7,704$1,545
28 years$26,077$19,164$13,851$9,870$6,952$1,295
29 years$24,906$18,079$12,889$9,051$6,277$1,086
30 years$23,816$17,074$12,006$8,306$5,672$911
31 years$22,798$16,140$11,193$7,629$5,128$764
32 years$21,846$15,272$10,443$7,011$4,638$641
33 years$20,953$14,463$9,751$6,447$4,198$538
34 years$20,114$13,707$9,111$5,932$3,801$452
35 years$19,326$13,001$8,518$5,461$3,442$379
36 years$18,582$12,340$7,968$5,029$3,119$318
37 years$17,881$11,720$7,458$4,634$2,827$267
38 years$17,218$11,138$6,984$4,271$2,563$224
39 years$16,590$10,592$6,543$3,938$2,324$188
40 years$15,996$10,077$6,133$3,632$2,108$158
41 years$15,432$9,592$5,751$3,351$1,912$133
42 years$14,896$9,135$5,395$3,093$1,735$111
43 years$14,386$8,704$5,062$2,855$1,575$93
44 years$13,901$8,297$4,752$2,636$1,430$78
45 years$13,439$7,912$4,462$2,435$1,298$66
46 years$12,998$7,548$4,190$2,249$1,178$55
47 years$12,578$7,203$3,937$2,078$1,070$46
48 years$12,176$6,876$3,700$1,920$972$39
49 years$11,791$6,566$3,477$1,774$883$33
50 years$11,423$6,272$3,269$1,640$802$27

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 $5,321 every year, while hoping to spend $31,592 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: 36/45/19 Blend
52$11,700,000$11,700,000$11,700,000$11,700,000
53$12,898,889$12,278,789$12,097,439$13,288,605
54$14,180,962$12,846,836$12,469,089$14,140,902
55$15,592,747$13,441,658$12,852,131$15,057,057
56$17,147,443$14,064,535$13,246,913$16,045,457
57$18,859,591$14,716,806$13,653,793$17,112,575
58$20,745,216$15,399,876$14,073,142$18,265,504
59$22,821,976$16,115,218$14,505,340$19,512,021
60$25,109,329$16,864,375$14,950,781$20,860,648
61$27,628,716$17,648,965$15,409,868$22,320,738
62$30,403,766$18,470,685$15,883,019$23,902,544
63$33,460,514$19,331,313$16,370,664$25,617,321
64$36,827,650$20,232,711$16,873,245$27,477,417
65$40,536,791$21,176,834$17,391,219$29,496,386
66$44,622,774$22,165,729$17,925,055$31,689,109
67$49,123,991$23,201,544$18,475,239$34,071,926
68$54,082,748$24,286,530$19,042,270$36,662,780
69$59,545,664$25,423,045$19,626,661$39,481,380
70$65,564,111$26,613,564$20,228,943$42,549,380
71$72,194,700$27,860,679$20,849,663$45,890,568
72$79,499,816$29,167,108$21,489,383$49,531,089
73$87,548,203$30,535,702$22,148,683$53,499,674
74$96,415,617$31,969,449$22,828,161$57,827,905
75$106,185,538$33,471,480$23,528,433$62,550,499
76$116,949,960$35,045,080$24,250,133$67,705,627
77$128,810,259$36,693,691$24,993,915$73,335,261
78$141,878,147$38,420,924$25,760,453$79,485,556
79$156,276,731$40,230,562$26,550,441$86,207,273
80$172,141,671$42,126,573$27,364,594$93,556,245
81$189,622,464$44,113,118$28,203,650$101,593,889
82$208,883,851$46,194,556$29,068,369$110,387,770
83$230,107,377$48,375,462$29,959,532$120,012,221
84$253,493,099$50,660,630$30,877,946$130,549,032
85$279,261,481$53,055,086$31,824,443$142,088,201
86$307,655,468$55,564,101$32,799,877$154,728,766
87$338,942,785$58,193,202$33,805,133$168,579,720
88$373,418,461$60,948,181$34,841,117$183,761,022
89$411,407,618$63,835,116$35,908,768$200,404,705
90$453,268,534$66,860,375$37,009,051$218,656,102
91$499,396,029$70,030,638$38,142,958$238,675,195
92$550,225,192$73,352,908$39,311,516$260,638,099
93$606,235,490$76,834,529$40,515,780$284,738,703
94$667,955,289$80,483,199$41,756,838$311,190,468
95$735,966,846$84,306,994$43,035,810$340,228,419
96$810,911,806$88,314,379$44,353,851$372,111,333
97$893,497,257$92,514,230$45,712,151$407,124,149
98$984,502,406$96,915,855$47,111,937$445,580,629
99$1,084,785,935$101,529,016$48,554,471$487,826,287
100$1,195,294,109$106,363,947$50,041,055$534,241,610