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

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 $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%18.1%
1 years$990,949$982,122$973,510$965,105$956,897$925,525
2 years$490,569$481,432$472,578$463,993$455,665$424,358
3 years$323,797$314,621$305,789$297,285$289,093$258,833
4 years$240,428$231,280$222,536$214,177$206,183$177,203
5 years$190,419$181,326$172,697$164,508$156,737$129,113
6 years$157,091$148,067$139,565$131,559$124,021$97,776
7 years$133,294$124,346$115,979$108,162$100,862$75,993
8 years$115,455$106,588$98,360$90,734$83,675$60,163
9 years$101,588$92,804$84,717$77,285$70,466$48,285
10 years$90,500$81,802$73,858$66,621$60,041$39,155
11 years$81,434$72,823$65,024$57,980$51,637$32,008
12 years$73,885$65,362$57,707$50,856$44,748$26,331
13 years$67,502$59,068$51,557$44,898$39,021$21,771
14 years$62,035$53,692$46,324$39,856$34,205$18,075
15 years$57,302$49,048$41,825$35,544$30,117$15,055
16 years$53,165$45,001$37,920$31,826$26,618$12,575
17 years$49,518$41,444$34,506$28,595$23,601$10,527
18 years$46,279$38,296$31,499$25,770$20,985$8,828
19 years$43,385$35,493$28,836$23,286$18,704$7,415
20 years$40,784$32,981$26,464$21,090$16,707$6,237
21 years$38,434$30,721$24,342$19,140$14,951$5,251
22 years$36,300$28,677$22,435$17,403$13,401$4,425
23 years$34,354$26,821$20,715$15,849$12,030$3,732
24 years$32,574$25,129$19,158$14,455$10,813$3,149
25 years$30,938$23,583$17,744$13,201$9,730$2,659
26 years$29,430$22,164$16,457$12,071$8,764$2,246
27 years$28,037$20,859$15,281$11,049$7,902$1,898
28 years$26,745$19,655$14,206$10,123$7,130$1,604
29 years$25,545$18,542$13,220$9,283$6,438$1,356
30 years$24,427$17,511$12,314$8,519$5,817$1,147
31 years$23,383$16,554$11,480$7,824$5,259$970
32 years$22,406$15,663$10,711$7,191$4,757$821
33 years$21,490$14,834$10,001$6,613$4,305$694
34 years$20,630$14,059$9,344$6,084$3,898$588
35 years$19,821$13,335$8,736$5,601$3,531$497
36 years$19,059$12,656$8,172$5,158$3,199$421
37 years$18,339$12,021$7,649$4,753$2,899$356
38 years$17,659$11,424$7,163$4,381$2,629$302
39 years$17,016$10,863$6,711$4,039$2,384$255
40 years$16,406$10,335$6,290$3,725$2,162$216
41 years$15,827$9,838$5,898$3,437$1,961$183
42 years$15,278$9,370$5,533$3,172$1,780$155
43 years$14,755$8,927$5,192$2,928$1,615$131
44 years$14,258$8,510$4,873$2,704$1,466$111
45 years$13,784$8,115$4,576$2,497$1,331$94
46 years$13,332$7,741$4,298$2,307$1,209$80
47 years$12,900$7,387$4,038$2,131$1,097$67
48 years$12,488$7,052$3,794$1,969$997$57
49 years$12,094$6,735$3,567$1,820$905$48
50 years$11,716$6,433$3,353$1,682$822$41

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 $2,325 every year, while hoping to spend $57,388 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: 50/23/27 Blend
52$12,000,000$12,000,000$12,000,000$12,000,000
53$13,226,398$12,590,398$12,404,398$13,786,645
54$14,514,430$13,146,267$12,758,885$14,733,909
55$15,931,919$13,727,451$13,123,324$15,756,999
56$17,492,007$14,335,128$13,497,988$16,867,911
57$19,209,177$14,970,535$13,883,156$18,075,002
58$21,099,388$15,634,966$14,279,116$19,387,457
59$23,180,223$16,329,777$14,686,164$20,815,374
60$25,471,057$17,056,387$15,104,602$22,369,856
61$27,993,239$17,816,285$15,534,741$24,063,112
62$30,770,294$18,611,027$15,976,899$25,908,569
63$33,828,144$19,442,247$16,431,405$27,920,996
64$37,195,352$20,311,654$16,898,594$30,116,638
65$40,903,392$21,221,040$17,378,811$32,513,364
66$44,986,946$22,172,280$17,872,410$35,130,838
67$49,484,233$23,167,339$18,379,754$37,990,692
68$54,437,365$24,208,279$18,901,216$41,116,731
69$59,892,746$25,297,255$19,437,177$44,535,153
70$65,901,514$26,436,528$19,988,030$48,274,788
71$72,520,017$27,628,467$20,554,178$52,367,368
72$79,810,349$28,875,551$21,136,033$56,847,821
73$87,840,933$30,180,382$21,734,018$61,754,594
74$96,687,169$31,545,682$22,348,569$67,130,010
75$106,432,145$32,974,305$22,980,131$73,020,665
76$117,167,420$34,469,242$23,629,161$79,477,857
77$128,993,887$36,033,625$24,296,128$86,558,064
78$142,022,728$37,670,737$24,981,514$94,323,475
79$156,376,463$39,384,020$25,685,810$102,842,566
80$172,190,102$41,177,077$26,409,525$112,190,738
81$189,612,424$43,053,685$27,153,176$122,451,027
82$208,807,380$45,017,804$27,917,296$133,714,871
83$229,955,637$47,073,581$28,702,430$146,082,973
84$253,256,289$49,225,363$29,509,138$159,666,237
85$278,928,730$51,477,706$30,337,993$174,586,811
86$307,214,730$53,835,382$31,189,585$190,979,224
87$338,380,712$56,303,396$32,064,517$208,991,654
88$372,720,273$58,886,990$32,963,405$228,787,307
89$410,556,947$61,591,659$33,886,886$250,545,957
90$452,247,267$64,423,162$34,835,608$274,465,622
91$498,184,125$67,387,534$35,810,238$300,764,430
92$548,800,484$70,491,101$36,811,459$329,682,659
93$604,573,461$73,740,493$37,839,970$361,484,996
94$666,028,834$77,142,657$38,896,490$396,463,023
95$733,746,005$80,704,877$39,981,752$434,937,953
96$808,363,468$84,434,786$41,096,511$477,263,647
97$890,584,836$88,340,385$42,241,539$523,829,944
98$981,185,485$92,430,060$43,417,626$575,066,319
99$1,081,019,871$96,712,600$44,625,583$631,445,925
100$1,191,029,599$101,197,219$45,866,242$693,490,043