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

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$982,691$973,938$965,398$957,062$948,923$928,246
2 years$486,481$477,420$468,640$460,126$451,868$431,141
3 years$321,099$311,999$303,241$294,807$286,684$266,553
4 years$238,424$229,353$220,682$212,392$204,465$185,086
5 years$188,832$179,815$171,258$163,137$155,431$136,858
6 years$155,782$146,833$138,402$130,462$122,987$105,240
7 years$132,184$123,310$115,013$107,260$100,022$83,103
8 years$114,493$105,699$97,540$89,978$82,978$66,883
9 years$100,741$92,030$84,011$76,641$69,879$54,596
10 years$89,746$81,120$73,243$66,065$59,541$45,053
11 years$80,756$72,217$64,482$57,497$51,207$37,496
12 years$73,269$64,818$57,226$50,432$44,375$31,420
13 years$66,939$58,576$51,128$44,524$38,696$26,473
14 years$61,518$53,244$45,938$39,524$33,920$22,406
15 years$56,825$48,640$41,476$35,248$29,866$19,034
16 years$52,721$44,626$37,604$31,561$26,396$16,220
17 years$49,105$41,099$34,218$28,357$23,404$13,858
18 years$45,894$37,977$31,237$25,556$20,810$11,865
19 years$43,024$35,197$28,596$23,092$18,548$10,178
20 years$40,444$32,707$26,244$20,914$16,568$8,744
21 years$38,113$30,465$24,139$18,981$14,826$7,522
22 years$35,997$28,438$22,248$17,258$13,290$6,479
23 years$34,068$26,597$20,542$15,717$11,930$5,585
24 years$32,302$24,920$18,998$14,335$10,723$4,819
25 years$30,680$23,386$17,596$13,091$9,649$4,161
26 years$29,185$21,979$16,319$11,970$8,691$3,595
27 years$27,803$20,685$15,154$10,957$7,836$3,107
28 years$26,523$19,491$14,088$10,039$7,070$2,687
29 years$25,332$18,388$13,110$9,206$6,384$2,325
30 years$24,223$17,365$12,211$8,448$5,769$2,012
31 years$23,188$16,416$11,384$7,759$5,215$1,742
32 years$22,219$15,533$10,622$7,131$4,718$1,508
33 years$21,311$14,710$9,917$6,557$4,270$1,306
34 years$20,458$13,942$9,266$6,033$3,866$1,131
35 years$19,656$13,223$8,663$5,554$3,501$980
36 years$18,900$12,551$8,104$5,115$3,172$849
37 years$18,186$11,921$7,586$4,713$2,875$736
38 years$17,512$11,329$7,104$4,344$2,607$638
39 years$16,874$10,773$6,655$4,005$2,364$553
40 years$16,269$10,249$6,238$3,694$2,144$479
41 years$15,695$9,756$5,849$3,409$1,945$416
42 years$15,150$9,292$5,487$3,146$1,765$360
43 years$14,632$8,853$5,149$2,904$1,602$312
44 years$14,139$8,439$4,833$2,681$1,454$271
45 years$13,669$8,047$4,538$2,476$1,320$235
46 years$13,221$7,677$4,262$2,287$1,198$204
47 years$12,793$7,326$4,004$2,113$1,088$177
48 years$12,384$6,994$3,763$1,953$988$153
49 years$11,993$6,678$3,537$1,805$898$133
50 years$11,619$6,379$3,325$1,668$815$115

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 $3,321 every year, while hoping to spend $41,622 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: 46/24/30 Blend
52$11,900,000$11,900,000$11,900,000$11,900,000
53$13,117,226$12,486,526$12,302,076$13,607,015
54$14,410,897$13,054,080$12,669,910$14,523,016
55$15,835,128$13,648,049$13,048,671$15,512,056
56$17,403,192$14,269,684$13,438,682$16,584,464
57$19,129,714$14,920,295$13,840,274$17,748,086
58$21,030,810$15,601,255$14,253,789$19,011,543
59$23,124,238$16,314,003$14,679,577$20,384,309
60$25,429,568$17,060,046$15,118,000$21,876,796
61$27,968,361$17,840,965$15,569,430$23,500,446
62$30,764,377$18,658,416$16,034,249$25,267,840
63$33,843,799$19,514,134$16,512,852$27,192,810
64$37,235,478$20,409,938$17,005,644$29,290,565
65$40,971,206$21,347,734$17,513,043$31,577,829
66$45,086,017$22,329,520$18,035,477$34,072,999
67$49,618,513$23,357,390$18,573,388$36,796,308
68$54,611,237$24,433,537$19,127,232$39,770,013
69$60,111,065$25,560,263$19,697,477$43,018,602
70$66,169,655$26,739,976$20,284,603$46,569,018
71$72,843,929$27,975,205$20,889,106$50,450,906
72$80,196,616$29,268,596$21,511,497$54,696,889
73$88,296,839$30,622,925$22,152,301$59,342,869
74$97,220,769$32,041,101$22,812,056$64,428,358
75$107,052,347$33,526,175$23,491,319$69,996,847
76$117,884,071$35,081,341$24,190,662$76,096,208
77$129,817,870$36,709,951$24,910,673$82,779,138
78$142,966,069$38,415,515$25,651,958$90,103,647
79$157,452,449$40,201,716$26,415,139$98,133,602
80$173,413,410$42,072,412$27,200,858$106,939,319
81$190,999,265$44,031,647$28,009,773$116,598,217
82$210,375,654$46,083,662$28,842,565$127,195,540
83$231,725,111$48,232,901$29,699,931$138,825,154
84$255,248,783$50,484,024$30,582,589$151,590,420
85$281,168,332$52,841,915$31,491,279$165,605,163
86$309,728,027$55,311,694$32,426,762$180,994,733
87$341,197,048$57,898,728$33,389,821$197,897,175
88$375,872,026$60,608,645$34,381,259$216,464,526
89$414,079,848$63,447,344$35,401,907$236,864,233
90$456,180,737$66,421,009$36,452,615$259,280,722
91$502,571,657$69,536,123$37,534,262$283,917,125
92$553,690,055$72,799,482$38,647,750$310,997,186
93$610,017,997$76,218,213$39,794,006$340,767,355
94$672,086,714$79,799,786$40,973,985$373,499,099
95$740,481,616$83,552,033$42,188,671$409,491,453
96$815,847,822$87,483,165$43,439,073$449,073,822
97$898,896,250$91,601,790$44,726,232$492,609,072
98$990,410,324$95,916,934$46,051,218$540,496,943
99$1,091,253,374$100,438,060$47,415,130$593,177,796
100$1,202,376,781$105,175,088$48,819,100$651,136,757