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%15.9%
1 years$990,949$982,122$973,510$965,105$956,897$933,764
2 years$490,569$481,432$472,578$463,993$455,665$432,498
3 years$323,797$314,621$305,789$297,285$289,093$266,616
4 years$240,428$231,280$222,536$214,177$206,183$184,570
5 years$190,419$181,326$172,697$164,508$156,737$136,047
6 years$157,091$148,067$139,565$131,559$124,021$104,275
7 years$133,294$124,346$115,979$108,162$100,862$82,063
8 years$115,455$106,588$98,360$90,734$83,675$65,814
9 years$101,588$92,804$84,717$77,285$70,466$53,530
10 years$90,500$81,802$73,858$66,621$60,041$44,010
11 years$81,434$72,823$65,024$57,980$51,637$36,488
12 years$73,885$65,362$57,707$50,856$44,748$30,456
13 years$67,502$59,068$51,557$44,898$39,021$25,558
14 years$62,035$53,692$46,324$39,856$34,205$21,543
15 years$57,302$49,048$41,825$35,544$30,117$18,225
16 years$53,165$45,001$37,920$31,826$26,618$15,464
17 years$49,518$41,444$34,506$28,595$23,601$13,155
18 years$46,279$38,296$31,499$25,770$20,985$11,214
19 years$43,385$35,493$28,836$23,286$18,704$9,576
20 years$40,784$32,981$26,464$21,090$16,707$8,190
21 years$38,434$30,721$24,342$19,140$14,951$7,013
22 years$36,300$28,677$22,435$17,403$13,401$6,012
23 years$34,354$26,821$20,715$15,849$12,030$5,159
24 years$32,574$25,129$19,158$14,455$10,813$4,430
25 years$30,938$23,583$17,744$13,201$9,730$3,807
26 years$29,430$22,164$16,457$12,071$8,764$3,273
27 years$28,037$20,859$15,281$11,049$7,902$2,815
28 years$26,745$19,655$14,206$10,123$7,130$2,423
29 years$25,545$18,542$13,220$9,283$6,438$2,086
30 years$24,427$17,511$12,314$8,519$5,817$1,796
31 years$23,383$16,554$11,480$7,824$5,259$1,547
32 years$22,406$15,663$10,711$7,191$4,757$1,333
33 years$21,490$14,834$10,001$6,613$4,305$1,149
34 years$20,630$14,059$9,344$6,084$3,898$990
35 years$19,821$13,335$8,736$5,601$3,531$854
36 years$19,059$12,656$8,172$5,158$3,199$736
37 years$18,339$12,021$7,649$4,753$2,899$634
38 years$17,659$11,424$7,163$4,381$2,629$547
39 years$17,016$10,863$6,711$4,039$2,384$472
40 years$16,406$10,335$6,290$3,725$2,162$407
41 years$15,827$9,838$5,898$3,437$1,961$351
42 years$15,278$9,370$5,533$3,172$1,780$303
43 years$14,755$8,927$5,192$2,928$1,615$261
44 years$14,258$8,510$4,873$2,704$1,466$225
45 years$13,784$8,115$4,576$2,497$1,331$194
46 years$13,332$7,741$4,298$2,307$1,209$168
47 years$12,900$7,387$4,038$2,131$1,097$145
48 years$12,488$7,052$3,794$1,969$997$125
49 years$12,094$6,735$3,567$1,820$905$108
50 years$11,716$6,433$3,353$1,682$822$93

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 $5,143 every year, while hoping to spend $28,371 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: 81/13/6 Blend
52$12,000,000$12,000,000$12,000,000$12,000,000
53$13,229,305$12,593,305$12,407,305$14,294,985
54$14,548,508$13,180,190$12,792,763$15,579,698
55$16,001,318$13,794,882$13,190,183$16,985,061
56$17,601,334$14,438,713$13,599,936$18,526,565
57$19,363,540$15,113,080$14,022,404$20,217,798
58$21,304,448$15,819,448$14,457,981$22,073,724
59$23,442,252$16,559,351$14,907,074$24,110,817
60$25,797,001$17,334,398$15,370,100$26,347,219
61$28,390,789$18,146,278$15,847,493$28,802,910
62$31,247,962$18,996,759$16,339,697$31,499,889
63$34,395,349$19,887,694$16,847,171$34,462,386
64$37,862,512$20,821,028$17,370,388$37,717,082
65$41,682,028$21,798,799$17,909,836$41,293,367
66$45,889,798$22,823,143$18,466,019$45,223,607
67$50,525,381$23,896,301$19,039,454$49,543,452
68$55,632,370$25,020,620$19,630,676$54,292,167
69$61,258,805$26,198,563$20,240,236$59,513,003
70$67,457,621$27,432,711$20,868,703$65,253,601
71$74,287,155$28,725,770$21,516,661$71,566,436
72$81,811,690$30,080,578$22,184,714$78,509,314
73$90,102,066$31,500,111$22,873,486$86,145,913
74$99,236,347$32,987,486$23,583,618$94,546,379
75$109,300,556$34,545,974$24,315,770$103,787,986
76$120,389,490$36,179,004$25,070,626$113,955,862
77$132,607,615$37,890,172$25,848,889$125,143,787
78$146,070,047$39,683,247$26,651,283$137,455,078
79$160,903,646$41,562,180$27,478,555$151,003,557
80$177,248,208$43,531,116$28,331,476$165,914,621
81$195,257,785$45,594,401$29,210,840$182,326,423
82$215,102,142$47,756,590$30,117,467$200,391,171
83$236,968,358$50,022,460$31,052,199$220,276,558
84$261,062,590$52,397,020$32,015,907$242,167,343
85$287,612,023$54,885,523$33,009,489$266,267,086
86$316,867,011$57,493,475$34,033,869$292,800,068
87$349,103,443$60,226,652$35,090,000$322,013,399
88$384,625,344$63,091,108$36,178,865$354,179,346
89$423,767,750$66,093,193$37,301,478$389,597,896
90$466,899,866$69,239,565$38,458,883$428,599,583
91$514,428,554$72,537,205$39,652,156$471,548,599
92$566,802,172$75,993,434$40,882,409$518,846,224
93$624,514,809$79,615,928$42,150,786$570,934,611
94$688,110,948$83,412,736$43,458,465$628,300,947
95$758,190,606$87,392,301$44,806,665$691,482,045
96$835,414,997$91,563,473$46,196,637$761,069,404
97$920,512,778$95,935,535$47,629,676$837,714,785
98$1,014,286,924$100,518,219$49,107,113$922,136,348
99$1,117,622,311$105,321,733$50,630,323$1,015,125,430
100$1,231,494,069$110,356,780$52,200,720$1,117,553,997