Can I retire at age 53 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$990,949$982,122$973,510$965,105$956,897$926,266
2 years$490,569$481,432$472,578$463,993$455,665$425,088
3 years$323,797$314,621$305,789$297,285$289,093$259,528
4 years$240,428$231,280$222,536$214,177$206,183$177,858
5 years$190,419$181,326$172,697$164,508$156,737$129,727
6 years$157,091$148,067$139,565$131,559$124,021$98,349
7 years$133,294$124,346$115,979$108,162$100,862$76,525
8 years$115,455$106,588$98,360$90,734$83,675$60,657
9 years$101,588$92,804$84,717$77,285$70,466$48,740
10 years$90,500$81,802$73,858$66,621$60,041$39,574
11 years$81,434$72,823$65,024$57,980$51,637$32,392
12 years$73,885$65,362$57,707$50,856$44,748$26,683
13 years$67,502$59,068$51,557$44,898$39,021$22,092
14 years$62,035$53,692$46,324$39,856$34,205$18,366
15 years$57,302$49,048$41,825$35,544$30,117$15,320
16 years$53,165$45,001$37,920$31,826$26,618$12,814
17 years$49,518$41,444$34,506$28,595$23,601$10,743
18 years$46,279$38,296$31,499$25,770$20,985$9,023
19 years$43,385$35,493$28,836$23,286$18,704$7,590
20 years$40,784$32,981$26,464$21,090$16,707$6,394
21 years$38,434$30,721$24,342$19,140$14,951$5,391
22 years$36,300$28,677$22,435$17,403$13,401$4,550
23 years$34,354$26,821$20,715$15,849$12,030$3,843
24 years$32,574$25,129$19,158$14,455$10,813$3,249
25 years$30,938$23,583$17,744$13,201$9,730$2,747
26 years$29,430$22,164$16,457$12,071$8,764$2,324
27 years$28,037$20,859$15,281$11,049$7,902$1,967
28 years$26,745$19,655$14,206$10,123$7,130$1,665
29 years$25,545$18,542$13,220$9,283$6,438$1,410
30 years$24,427$17,511$12,314$8,519$5,817$1,195
31 years$23,383$16,554$11,480$7,824$5,259$1,012
32 years$22,406$15,663$10,711$7,191$4,757$858
33 years$21,490$14,834$10,001$6,613$4,305$727
34 years$20,630$14,059$9,344$6,084$3,898$616
35 years$19,821$13,335$8,736$5,601$3,531$522
36 years$19,059$12,656$8,172$5,158$3,199$443
37 years$18,339$12,021$7,649$4,753$2,899$375
38 years$17,659$11,424$7,163$4,381$2,629$318
39 years$17,016$10,863$6,711$4,039$2,384$270
40 years$16,406$10,335$6,290$3,725$2,162$229
41 years$15,827$9,838$5,898$3,437$1,961$194
42 years$15,278$9,370$5,533$3,172$1,780$165
43 years$14,755$8,927$5,192$2,928$1,615$140
44 years$14,258$8,510$4,873$2,704$1,466$118
45 years$13,784$8,115$4,576$2,497$1,331$100
46 years$13,332$7,741$4,298$2,307$1,209$85
47 years$12,900$7,387$4,038$2,131$1,097$72
48 years$12,488$7,052$3,794$1,969$997$61
49 years$12,094$6,735$3,567$1,820$905$52
50 years$11,716$6,433$3,353$1,682$822$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,000,000, adding $3,722 every year, while hoping to spend $21,571 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: 54/27/19 Blend
52$12,000,000$12,000,000$12,000,000$12,000,000
53$13,227,839$12,591,839$12,405,839$13,873,795
54$14,554,127$13,185,888$12,798,483$14,910,397
55$16,014,974$13,808,322$13,203,558$16,035,607
56$17,624,081$14,460,510$13,621,457$17,259,990
57$19,396,548$15,143,886$14,052,587$18,593,018
58$21,349,014$15,859,953$14,497,366$20,045,101
59$23,499,812$16,610,290$14,956,226$21,627,681
60$25,869,147$17,396,548$15,429,614$23,353,337
61$28,479,284$18,220,463$15,917,990$25,235,899
62$31,354,756$19,083,851$16,421,828$27,290,576
63$34,522,600$19,988,619$16,941,618$29,534,092
64$38,012,608$20,936,764$17,477,866$31,984,841
65$41,857,612$21,930,383$18,031,092$34,663,056
66$46,093,788$22,971,672$18,601,833$37,590,994
67$50,761,006$24,062,935$19,190,646$40,793,141
68$55,903,198$25,206,588$19,798,102$44,296,437
69$61,568,778$26,405,165$20,424,792$48,130,527
70$67,811,095$27,661,320$21,071,325$52,328,028
71$74,688,942$28,977,839$21,738,329$56,924,840
72$82,267,104$30,357,643$22,426,453$61,960,469
73$90,616,975$31,803,794$23,136,365$67,478,400
74$99,817,229$33,319,503$23,868,757$73,526,495
75$109,954,565$34,908,137$24,624,339$80,157,440
76$121,124,523$36,573,228$25,403,846$87,429,233
77$133,432,386$38,318,478$26,208,037$95,405,725
78$146,994,175$40,147,770$27,037,692$104,157,211
79$161,937,746$42,065,175$27,893,619$113,761,085
80$178,403,990$44,074,963$28,776,650$124,302,564
81$196,548,173$46,181,611$29,687,643$135,875,478
82$216,541,391$48,389,815$30,627,484$148,583,149
83$238,572,196$50,704,498$31,597,087$162,539,352
84$262,848,365$53,130,824$32,597,395$177,869,381
85$289,598,870$55,674,206$33,629,379$194,711,216
86$319,076,035$58,340,323$34,694,044$213,216,817
87$351,557,921$61,135,129$35,792,425$233,553,540
88$387,350,948$64,064,869$36,925,590$255,905,708
89$426,792,788$67,136,091$38,094,641$280,476,336
90$470,255,555$70,355,663$39,300,714$307,489,029
91$518,149,316$73,730,785$40,544,983$337,190,080
92$570,925,964$77,269,010$41,828,656$369,850,778
93$629,083,480$80,978,259$43,152,984$405,769,950
94$693,170,639$84,866,838$44,519,253$445,276,768
95$763,792,189$88,943,458$45,928,793$488,733,831
96$841,614,558$93,217,254$47,382,974$536,540,577
97$927,372,149$97,697,806$48,883,210$589,137,023
98$1,021,874,272$102,395,161$50,430,961$647,007,907
99$1,126,012,781$107,319,857$52,027,731$710,687,234
100$1,240,770,499$112,482,945$53,675,074$780,763,296