Can I retire at age 53 with 12,100,000?

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 $12,100,000?

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$999,207$990,306$981,623$973,147$964,871$941,546
2 years$494,657$485,444$476,516$467,859$459,462$436,103
3 years$326,495$317,243$308,337$299,762$291,502$268,838
4 years$242,431$233,207$224,391$215,962$207,902$186,108
5 years$192,006$182,837$174,136$165,879$158,043$137,181
6 years$158,400$149,300$140,728$132,655$125,054$105,144
7 years$134,405$125,382$116,946$109,063$101,703$82,747
8 years$116,417$107,476$99,179$91,490$84,372$66,363
9 years$102,434$93,577$85,423$77,929$71,054$53,976
10 years$91,254$82,484$74,474$67,176$60,541$44,376
11 years$82,113$73,430$65,565$58,463$52,067$36,792
12 years$74,500$65,907$58,188$51,280$45,121$30,709
13 years$68,064$59,561$51,987$45,273$39,346$25,771
14 years$62,552$54,139$46,710$40,188$34,490$21,723
15 years$57,780$49,457$42,173$35,841$30,368$18,377
16 years$53,608$45,376$38,236$32,091$26,839$15,593
17 years$49,930$41,789$34,793$28,834$23,798$13,264
18 years$46,665$38,615$31,762$25,985$21,160$11,307
19 years$43,747$35,788$29,077$23,480$18,860$9,656
20 years$41,124$33,256$26,685$21,265$16,846$8,258
21 years$38,754$30,977$24,545$19,300$15,076$7,072
22 years$36,602$28,916$22,622$17,548$13,513$6,062
23 years$34,641$27,044$20,887$15,981$12,130$5,202
24 years$32,845$25,339$19,317$14,576$10,903$4,467
25 years$31,196$23,779$17,892$13,311$9,811$3,838
26 years$29,676$22,349$16,594$12,171$8,837$3,300
27 years$28,271$21,033$15,409$11,141$7,968$2,839
28 years$26,968$19,819$14,324$10,207$7,189$2,443
29 years$25,758$18,697$13,330$9,360$6,492$2,103
30 years$24,630$17,657$12,416$8,590$5,866$1,811
31 years$23,578$16,692$11,576$7,890$5,303$1,560
32 years$22,593$15,794$10,800$7,251$4,797$1,344
33 years$21,669$14,957$10,084$6,668$4,341$1,158
34 years$20,802$14,176$9,422$6,135$3,931$998
35 years$19,986$13,446$8,809$5,647$3,560$861
36 years$19,218$12,762$8,241$5,201$3,226$742
37 years$18,492$12,121$7,713$4,792$2,924$640
38 years$17,806$11,519$7,223$4,417$2,650$552
39 years$17,158$10,954$6,767$4,073$2,403$476
40 years$16,543$10,421$6,343$3,757$2,180$410
41 years$15,959$9,920$5,948$3,466$1,978$354
42 years$15,405$9,448$5,579$3,199$1,795$305
43 years$14,878$9,002$5,235$2,953$1,629$263
44 years$14,377$8,581$4,914$2,726$1,478$227
45 years$13,899$8,182$4,614$2,518$1,342$196
46 years$13,443$7,806$4,334$2,326$1,219$169
47 years$13,008$7,449$4,071$2,149$1,107$146
48 years$12,592$7,111$3,826$1,985$1,005$126
49 years$12,194$6,791$3,596$1,835$913$109
50 years$11,814$6,487$3,381$1,696$829$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,100,000, adding $4,517 every year, while hoping to spend $37,981 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: 84/10/6 Blend
52$12,100,000$12,100,000$12,100,000$12,100,000
53$13,338,859$12,697,559$12,510,009$14,454,804
54$14,659,011$13,279,328$12,888,683$15,765,524
55$16,112,546$13,888,331$13,278,770$17,199,224
56$17,713,028$14,525,862$13,680,611$18,772,675
57$19,475,405$15,193,277$14,094,559$20,499,878
58$21,416,148$15,891,998$14,520,978$22,396,252
59$23,553,405$16,623,516$14,960,241$24,478,776
60$25,907,175$17,389,392$15,412,732$26,766,152
61$28,499,497$18,191,262$15,878,849$29,278,974
62$31,354,654$19,030,842$16,358,999$32,039,929
63$34,499,406$19,909,931$16,853,602$35,074,000
64$37,963,240$20,830,412$17,363,092$38,408,710
65$41,778,649$21,794,260$17,887,914$42,074,370
66$45,981,439$22,803,547$18,428,527$46,104,372
67$50,611,066$23,860,442$18,985,404$50,535,497
68$55,711,011$24,967,219$19,559,031$55,408,262
69$61,329,185$26,126,264$20,149,909$60,767,299
70$67,518,386$27,340,074$20,758,555$66,661,777
71$74,336,794$28,611,271$21,385,499$73,145,860
72$81,848,523$29,942,599$22,031,289$80,279,219
73$90,124,224$31,336,938$22,696,489$88,127,591
74$99,241,752$32,797,305$23,381,678$96,763,397
75$109,286,900$34,326,863$24,087,455$106,266,425
76$120,354,212$35,928,927$24,814,432$116,724,577
77$132,547,872$37,606,974$25,563,246$128,234,698
78$145,982,686$39,364,648$26,334,546$140,903,486
79$160,785,173$41,205,768$27,129,006$154,848,498
80$177,094,749$43,134,339$27,947,316$170,199,253
81$195,065,050$45,154,559$28,790,188$187,098,453
82$214,865,382$47,270,829$29,658,356$205,703,328
83$236,682,313$49,487,762$30,552,573$226,187,112
84$260,721,443$51,810,196$31,473,618$248,740,681
85$287,209,335$54,243,201$32,422,290$273,574,342
86$316,395,664$56,792,094$33,399,413$300,919,821
87$348,555,564$59,462,449$34,405,836$331,032,444
88$383,992,231$62,260,109$35,442,431$364,193,540
89$423,039,785$65,191,200$36,510,098$400,713,095
90$466,066,420$68,262,146$37,609,763$440,932,672
91$513,477,883$71,479,680$38,742,379$485,228,628
92$565,721,306$74,850,862$39,908,927$534,015,666
93$623,289,421$78,383,097$41,110,418$587,750,737
94$686,725,217$82,084,143$42,347,892$646,937,355
95$756,627,063$85,962,140$43,622,421$712,130,339
96$833,654,357$90,025,618$44,935,105$783,941,043
97$918,533,752$94,283,524$46,287,082$863,043,126
98$1,012,066,015$98,745,237$47,679,519$950,178,897
99$1,115,133,586$103,420,592$49,113,621$1,046,166,320
100$1,228,708,909$108,319,898$50,590,625$1,151,906,728