Can I retire at age 53 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$982,691$973,938$965,398$957,062$948,923$913,801
2 years$486,481$477,420$468,640$460,126$451,868$416,880
3 years$321,099$311,999$303,241$294,807$286,684$252,930
4 years$238,424$229,353$220,682$212,392$204,465$172,203
5 years$188,832$179,815$171,258$163,137$155,431$124,744
6 years$155,782$146,833$138,402$130,462$122,987$93,898
7 years$132,184$123,310$115,013$107,260$100,022$72,522
8 years$114,493$105,699$97,540$89,978$82,978$57,042
9 years$100,741$92,030$84,011$76,641$69,879$45,473
10 years$89,746$81,120$73,243$66,065$59,541$36,620
11 years$80,756$72,217$64,482$57,497$51,207$29,722
12 years$73,269$64,818$57,226$50,432$44,375$24,272
13 years$66,939$58,576$51,128$44,524$38,696$19,919
14 years$61,518$53,244$45,938$39,524$33,920$16,410
15 years$56,825$48,640$41,476$35,248$29,866$13,563
16 years$52,721$44,626$37,604$31,561$26,396$11,238
17 years$49,105$41,099$34,218$28,357$23,404$9,332
18 years$45,894$37,977$31,237$25,556$20,810$7,762
19 years$43,024$35,197$28,596$23,092$18,548$6,466
20 years$40,444$32,707$26,244$20,914$16,568$5,392
21 years$38,113$30,465$24,139$18,981$14,826$4,501
22 years$35,997$28,438$22,248$17,258$13,290$3,761
23 years$34,068$26,597$20,542$15,717$11,930$3,144
24 years$32,302$24,920$18,998$14,335$10,723$2,630
25 years$30,680$23,386$17,596$13,091$9,649$2,201
26 years$29,185$21,979$16,319$11,970$8,691$1,843
27 years$27,803$20,685$15,154$10,957$7,836$1,543
28 years$26,523$19,491$14,088$10,039$7,070$1,293
29 years$25,332$18,388$13,110$9,206$6,384$1,083
30 years$24,223$17,365$12,211$8,448$5,769$908
31 years$23,188$16,416$11,384$7,759$5,215$761
32 years$22,219$15,533$10,622$7,131$4,718$638
33 years$21,311$14,710$9,917$6,557$4,270$535
34 years$20,458$13,942$9,266$6,033$3,866$449
35 years$19,656$13,223$8,663$5,554$3,501$376
36 years$18,900$12,551$8,104$5,115$3,172$315
37 years$18,186$11,921$7,586$4,713$2,875$265
38 years$17,512$11,329$7,104$4,344$2,607$222
39 years$16,874$10,773$6,655$4,005$2,364$186
40 years$16,269$10,249$6,238$3,694$2,144$156
41 years$15,695$9,756$5,849$3,409$1,945$131
42 years$15,150$9,292$5,487$3,146$1,765$110
43 years$14,632$8,853$5,149$2,904$1,602$92
44 years$14,139$8,439$4,833$2,681$1,454$77
45 years$13,669$8,047$4,538$2,476$1,320$65
46 years$13,221$7,677$4,262$2,287$1,198$54
47 years$12,793$7,326$4,004$2,113$1,088$46
48 years$12,384$6,994$3,763$1,953$988$38
49 years$11,993$6,678$3,537$1,805$898$32
50 years$11,619$6,379$3,325$1,668$815$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,900,000, adding $3,595 every year, while hoping to spend $51,625 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: 20/50/30 Blend
52$11,900,000$11,900,000$11,900,000$11,900,000
53$13,117,508$12,486,808$12,302,358$13,254,572
54$14,400,565$13,043,733$12,659,559$13,943,437
55$15,812,764$13,626,217$13,026,995$14,674,217
56$17,367,223$14,235,458$13,404,956$15,453,652
57$19,078,395$14,872,711$13,793,737$16,285,676
58$20,962,208$15,539,291$14,193,644$17,174,585
59$23,036,210$16,236,573$14,604,989$18,125,065
60$25,319,741$16,966,003$15,028,093$19,142,235
61$27,834,108$17,729,090$15,463,287$20,231,687
62$30,602,790$18,527,419$15,910,910$21,399,532
63$33,651,660$19,362,648$16,371,312$22,652,450
64$37,009,228$20,236,516$16,844,849$23,997,748
65$40,706,908$21,150,844$17,331,891$25,443,419
66$44,779,318$22,107,541$17,832,814$26,998,210
67$49,264,604$23,108,606$18,348,009$28,671,700
68$54,204,799$24,156,133$18,877,872$30,474,373
69$59,646,223$25,252,318$19,422,815$32,417,718
70$65,639,917$26,399,461$19,983,259$34,514,322
71$72,242,126$27,599,972$20,559,636$36,777,978
72$79,514,828$28,856,376$21,152,389$39,223,811
73$87,526,323$30,171,320$21,761,976$41,868,401
74$96,351,871$31,547,578$22,388,865$44,729,937
75$106,074,407$32,988,055$23,033,538$47,828,372
76$116,785,324$34,495,797$23,696,489$51,185,599
77$128,585,331$36,073,995$24,378,225$54,825,645
78$141,585,407$37,725,993$25,079,268$58,774,888
79$155,907,849$39,455,297$25,800,154$63,062,285
80$171,687,423$41,265,581$26,541,433$67,719,637
81$189,072,639$43,160,692$27,303,669$72,781,868
82$208,227,149$45,144,667$28,087,443$78,287,346
83$229,331,295$47,221,733$28,893,350$84,278,219
84$252,583,812$49,396,322$29,722,001$90,800,803
85$278,203,698$51,673,079$30,574,025$97,905,996
86$306,432,286$54,056,872$31,450,067$105,649,741
87$337,535,523$56,552,802$32,350,788$114,093,535
88$371,806,476$59,166,218$33,276,868$123,304,986
89$409,568,098$61,902,725$34,229,005$133,358,428
90$451,176,283$64,768,198$35,207,916$144,335,605
91$497,023,219$67,768,794$36,214,335$156,326,413
92$547,541,091$70,910,968$37,249,019$169,429,726
93$603,206,163$74,201,487$38,312,742$183,754,301
94$664,543,273$77,647,441$39,406,301$199,419,780
95$732,130,785$81,256,264$40,530,511$216,557,785
96$806,606,054$85,035,749$41,686,211$235,313,138
97$888,671,434$88,994,064$42,874,261$255,845,189
98$979,100,917$93,139,770$44,095,546$278,329,290
99$1,078,747,435$97,481,843$45,350,971$302,958,416
100$1,188,550,911$102,029,691$46,641,467$329,944,951