Can I retire at age 53 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$974,433$965,753$957,285$949,019$940,949$904,687
2 years$482,393$473,408$464,701$456,259$448,071$411,971
3 years$318,401$309,378$300,693$292,330$284,274$249,471
4 years$236,421$227,425$218,827$210,607$202,747$169,506
5 years$187,245$178,304$169,819$161,766$154,125$122,532
6 years$154,473$145,599$137,239$129,366$121,954$92,029
7 years$131,073$122,274$114,046$106,359$99,181$70,916
8 years$113,531$104,811$96,720$89,222$82,280$55,647
9 years$99,894$91,257$83,305$75,997$69,292$44,252
10 years$88,992$80,438$72,627$65,510$59,040$35,546
11 years$80,077$71,610$63,940$57,014$50,777$28,775
12 years$72,653$64,273$56,745$50,009$44,002$23,436
13 years$66,377$58,084$50,698$44,150$38,370$19,180
14 years$61,001$52,797$45,552$39,192$33,635$15,758
15 years$56,347$48,231$41,128$34,952$29,615$12,986
16 years$52,278$44,251$37,288$31,296$26,174$10,729
17 years$48,692$40,753$33,931$28,119$23,208$8,883
18 years$45,508$37,658$30,974$25,341$20,635$7,367
19 years$42,662$34,901$28,356$22,898$18,393$6,118
20 years$40,104$32,432$26,023$20,738$16,429$5,086
21 years$37,793$30,209$23,936$18,821$14,702$4,233
22 years$35,695$28,199$22,061$17,113$13,178$3,525
23 years$33,782$26,374$20,370$15,585$11,829$2,938
24 years$32,031$24,711$18,838$14,214$10,633$2,450
25 years$30,422$23,190$17,448$12,981$9,568$2,044
26 years$28,940$21,795$16,182$11,870$8,618$1,706
27 years$27,570$20,511$15,027$10,864$7,770$1,424
28 years$26,300$19,328$13,969$9,954$7,011$1,189
29 years$25,119$18,233$13,000$9,128$6,331$993
30 years$24,020$17,219$12,109$8,377$5,720$830
31 years$22,993$16,278$11,289$7,694$5,172$693
32 years$22,033$15,402$10,532$7,071$4,678$579
33 years$21,132$14,586$9,834$6,502$4,234$484
34 years$20,286$13,825$9,188$5,983$3,833$404
35 years$19,491$13,112$8,591$5,507$3,472$338
36 years$18,741$12,446$8,036$5,072$3,146$283
37 years$18,034$11,820$7,522$4,673$2,851$236
38 years$17,365$11,234$7,044$4,308$2,585$197
39 years$16,732$10,682$6,599$3,972$2,344$165
40 years$16,132$10,163$6,186$3,663$2,126$138
41 years$15,564$9,674$5,800$3,380$1,929$115
42 years$15,023$9,213$5,441$3,119$1,750$96
43 years$14,509$8,779$5,105$2,879$1,588$81
44 years$14,020$8,368$4,792$2,659$1,442$67
45 years$13,554$7,979$4,500$2,455$1,309$56
46 years$13,109$7,612$4,226$2,268$1,188$47
47 years$12,685$7,264$3,971$2,095$1,079$39
48 years$12,280$6,935$3,731$1,936$980$33
49 years$11,892$6,622$3,507$1,789$890$28
50 years$11,521$6,326$3,297$1,654$808$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,800,000, adding $5,349 every year, while hoping to spend $55,918 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: 56/37/7 Blend
52$11,800,000$11,800,000$11,800,000$11,800,000
53$13,009,117$12,383,717$12,200,817$13,716,919
54$14,276,551$12,931,023$12,550,049$14,741,813
55$15,671,389$13,503,273$12,909,105$15,850,824
56$17,206,567$14,101,630$13,278,256$17,057,310
57$18,896,339$14,727,312$13,657,780$18,370,559
58$20,756,411$15,381,596$14,047,961$19,800,781
59$22,804,089$16,065,818$14,449,092$21,359,196
60$25,058,441$16,781,378$14,861,471$23,058,135
61$27,540,480$17,529,743$15,285,409$24,911,159
62$30,273,358$18,312,450$15,721,219$26,933,174
63$33,282,588$19,131,107$16,169,227$29,140,573
64$36,596,282$19,987,402$16,629,766$31,551,383
65$40,245,417$20,883,098$17,103,178$34,185,432
66$44,264,128$21,820,048$17,589,812$37,064,527
67$48,690,028$22,800,190$18,090,030$40,212,660
68$53,564,565$23,825,553$18,604,200$43,656,224
69$58,933,411$24,898,266$19,132,702$47,424,257
70$64,846,896$26,020,558$19,675,924$51,548,713
71$71,360,478$27,194,764$20,234,266$56,064,752
72$78,535,270$28,423,331$20,808,137$61,011,066
73$86,438,615$29,708,822$21,397,958$66,430,241
74$95,144,724$31,053,924$22,004,159$72,369,147
75$104,735,370$32,461,451$22,627,183$78,879,373
76$115,300,668$33,934,352$23,267,483$86,017,708
77$126,939,918$35,475,717$23,925,526$93,846,666
78$139,762,547$37,088,785$24,601,789$102,435,068
79$153,889,140$38,776,948$25,296,761$111,858,681
80$169,452,575$40,543,761$26,010,946$122,200,925
81$186,599,283$42,392,951$26,744,858$133,553,648
82$205,490,625$44,328,421$27,499,026$146,017,983
83$226,304,418$46,354,263$28,273,993$159,705,293
84$249,236,612$48,474,764$29,070,314$174,738,206
85$274,503,136$50,694,418$29,888,560$191,251,762
86$302,341,945$53,017,933$30,729,315$209,394,679
87$333,015,256$55,450,245$31,593,180$229,330,734
88$366,812,029$57,996,524$32,480,769$251,240,303
89$404,050,694$60,662,191$33,392,712$275,322,046
90$445,082,153$63,452,927$34,329,657$301,794,762
91$490,293,097$66,374,685$35,292,265$330,899,446
92$540,109,654$69,433,705$36,281,216$362,901,540
93$595,001,409$72,636,527$37,297,207$398,093,425
94$655,485,840$75,990,004$38,340,951$436,797,161
95$722,133,204$79,501,323$39,413,181$479,367,503
96$795,571,915$83,178,012$40,514,647$526,195,238
97$876,494,480$87,027,964$41,646,117$577,710,844
98$965,664,035$91,059,452$42,808,380$634,388,537
99$1,063,921,548$95,281,147$44,002,243$696,750,720
100$1,172,193,761$99,702,138$45,228,533$765,372,890