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%12.1%
1 years$982,691$973,938$965,398$957,062$948,923$940,579
2 years$486,481$477,420$468,640$460,126$451,868$443,460
3 years$321,099$311,999$303,241$294,807$286,684$278,472
4 years$238,424$229,353$220,682$212,392$204,465$196,513
5 years$188,832$179,815$171,258$163,137$155,431$147,762
6 years$155,782$146,833$138,402$130,462$122,987$115,611
7 years$132,184$123,310$115,013$107,260$100,022$92,941
8 years$114,493$105,699$97,540$89,978$82,978$76,193
9 years$100,741$92,030$84,011$76,641$69,879$63,388
10 years$89,746$81,120$73,243$66,065$59,541$53,340
11 years$80,756$72,217$64,482$57,497$51,207$45,291
12 years$73,269$64,818$57,226$50,432$44,375$38,738
13 years$66,939$58,576$51,128$44,524$38,696$33,332
14 years$61,518$53,244$45,938$39,524$33,920$28,823
15 years$56,825$48,640$41,476$35,248$29,866$25,028
16 years$52,721$44,626$37,604$31,561$26,396$21,809
17 years$49,105$41,099$34,218$28,357$23,404$19,060
18 years$45,894$37,977$31,237$25,556$20,810$16,701
19 years$43,024$35,197$28,596$23,092$18,548$14,666
20 years$40,444$32,707$26,244$20,914$16,568$12,904
21 years$38,113$30,465$24,139$18,981$14,826$11,372
22 years$35,997$28,438$22,248$17,258$13,290$10,036
23 years$34,068$26,597$20,542$15,717$11,930$8,868
24 years$32,302$24,920$18,998$14,335$10,723$7,845
25 years$30,680$23,386$17,596$13,091$9,649$6,947
26 years$29,185$21,979$16,319$11,970$8,691$6,156
27 years$27,803$20,685$15,154$10,957$7,836$5,460
28 years$26,523$19,491$14,088$10,039$7,070$4,845
29 years$25,332$18,388$13,110$9,206$6,384$4,303
30 years$24,223$17,365$12,211$8,448$5,769$3,823
31 years$23,188$16,416$11,384$7,759$5,215$3,398
32 years$22,219$15,533$10,622$7,131$4,718$3,021
33 years$21,311$14,710$9,917$6,557$4,270$2,687
34 years$20,458$13,942$9,266$6,033$3,866$2,391
35 years$19,656$13,223$8,663$5,554$3,501$2,128
36 years$18,900$12,551$8,104$5,115$3,172$1,895
37 years$18,186$11,921$7,586$4,713$2,875$1,687
38 years$17,512$11,329$7,104$4,344$2,607$1,503
39 years$16,874$10,773$6,655$4,005$2,364$1,339
40 years$16,269$10,249$6,238$3,694$2,144$1,193
41 years$15,695$9,756$5,849$3,409$1,945$1,063
42 years$15,150$9,292$5,487$3,146$1,765$947
43 years$14,632$8,853$5,149$2,904$1,602$844
44 years$14,139$8,439$4,833$2,681$1,454$752
45 years$13,669$8,047$4,538$2,476$1,320$671
46 years$13,221$7,677$4,262$2,287$1,198$598
47 years$12,793$7,326$4,004$2,113$1,088$533
48 years$12,384$6,994$3,763$1,953$988$475
49 years$11,993$6,678$3,537$1,805$898$424
50 years$11,619$6,379$3,325$1,668$815$378

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 $6,161 every year, while hoping to spend $21,962 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: 72/11/17 Blend
52$11,900,000$11,900,000$11,900,000$11,900,000
53$13,120,155$12,489,455$12,305,005$14,012,605
54$14,435,043$13,078,071$12,693,855$15,194,642
55$15,883,314$13,694,793$13,094,996$16,485,462
56$17,478,550$14,340,975$13,508,816$17,898,519
57$19,235,716$15,018,037$13,935,715$19,445,921
58$21,171,305$15,727,467$14,376,108$21,140,999
59$23,303,491$16,470,826$14,830,420$22,998,428
60$25,652,301$17,249,750$15,299,093$25,034,363
61$28,239,802$18,065,954$15,782,579$27,266,594
62$31,090,314$18,921,238$16,281,348$29,714,704
63$34,230,635$19,817,488$16,795,882$32,400,259
64$37,690,296$20,756,681$17,326,680$35,347,006
65$41,501,838$21,740,890$17,874,256$38,581,095
66$45,701,123$22,772,290$18,439,140$42,131,324
67$50,327,666$23,853,161$19,021,880$46,029,405
68$55,425,015$24,985,894$19,623,040$50,310,265
69$61,041,158$26,172,993$20,243,203$55,012,372
70$67,228,974$27,417,089$20,882,969$60,178,093
71$74,046,740$28,720,936$21,542,958$65,854,090
72$81,558,670$30,087,425$22,223,810$72,091,763
73$89,835,531$31,519,585$22,926,184$78,947,725
74$98,955,304$33,020,594$23,650,761$86,484,336
75$109,003,926$34,593,784$24,398,242$94,770,289
76$120,076,095$36,242,648$25,169,352$103,881,253
77$132,276,170$37,970,851$25,964,838$113,900,584
78$145,719,150$39,782,233$26,785,471$124,920,105
79$160,531,764$41,680,823$27,632,045$137,040,974
80$176,853,667$43,670,847$28,505,382$150,374,629
81$194,838,755$45,756,732$29,406,326$165,043,839
82$214,656,622$47,943,126$30,335,752$181,183,854
83$236,494,157$50,234,898$31,294,559$198,943,681
84$260,557,311$52,637,159$32,283,677$218,487,483
85$287,073,040$55,155,263$33,304,064$239,996,122
86$316,291,449$57,794,830$34,356,709$263,668,863
87$348,488,150$60,561,749$35,442,631$289,725,247
88$383,966,865$63,462,199$36,562,884$318,407,158
89$423,062,297$66,502,659$37,718,552$349,981,100
90$466,143,284$69,689,921$38,910,755$384,740,705
91$513,616,283$73,031,111$40,140,650$423,009,497
92$565,929,209$76,533,701$41,409,427$465,143,943
93$623,575,661$80,205,525$42,718,316$511,536,803
94$687,099,584$84,054,802$44,068,585$562,620,837
95$757,100,403$88,090,148$45,461,544$618,872,876
96$834,238,680$92,320,601$46,898,541$680,818,318
97$919,242,353$96,755,638$48,380,970$749,036,075
98$1,012,913,608$101,405,199$49,910,267$824,164,034
99$1,116,136,449$106,279,708$51,487,915$906,905,063
100$1,229,885,048$111,390,095$53,115,441$998,033,639