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%19.9%
1 years$999,207$990,306$981,623$973,147$964,871$926,589
2 years$494,657$485,444$476,516$467,859$459,462$421,368
3 years$326,495$317,243$308,337$299,762$291,502$254,795
4 years$242,431$233,207$224,391$215,962$207,902$172,862
5 years$192,006$182,837$174,136$165,879$158,043$124,760
6 years$158,400$149,300$140,728$132,655$125,054$93,548
7 years$134,405$125,382$116,946$109,063$101,703$71,962
8 years$116,417$107,476$99,179$91,490$84,372$56,367
9 years$102,434$93,577$85,423$77,929$71,054$44,742
10 years$91,254$82,484$74,474$67,176$60,541$35,871
11 years$82,113$73,430$65,565$58,463$52,067$28,982
12 years$74,500$65,907$58,188$51,280$45,121$23,557
13 years$68,064$59,561$51,987$45,273$39,346$19,239
14 years$62,552$54,139$46,710$40,188$34,490$15,773
15 years$57,780$49,457$42,173$35,841$30,368$12,971
16 years$53,608$45,376$38,236$32,091$26,839$10,693
17 years$49,930$41,789$34,793$28,834$23,798$8,834
18 years$46,665$38,615$31,762$25,985$21,160$7,309
19 years$43,747$35,788$29,077$23,480$18,860$6,056
20 years$41,124$33,256$26,685$21,265$16,846$5,024
21 years$38,754$30,977$24,545$19,300$15,076$4,171
22 years$36,602$28,916$22,622$17,548$13,513$3,466
23 years$34,641$27,044$20,887$15,981$12,130$2,882
24 years$32,845$25,339$19,317$14,576$10,903$2,397
25 years$31,196$23,779$17,892$13,311$9,811$1,995
26 years$29,676$22,349$16,594$12,171$8,837$1,661
27 years$28,271$21,033$15,409$11,141$7,968$1,383
28 years$26,968$19,819$14,324$10,207$7,189$1,152
29 years$25,758$18,697$13,330$9,360$6,492$960
30 years$24,630$17,657$12,416$8,590$5,866$800
31 years$23,578$16,692$11,576$7,890$5,303$667
32 years$22,593$15,794$10,800$7,251$4,797$556
33 years$21,669$14,957$10,084$6,668$4,341$463
34 years$20,802$14,176$9,422$6,135$3,931$386
35 years$19,986$13,446$8,809$5,647$3,560$322
36 years$19,218$12,762$8,241$5,201$3,226$268
37 years$18,492$12,121$7,713$4,792$2,924$224
38 years$17,806$11,519$7,223$4,417$2,650$187
39 years$17,158$10,954$6,767$4,073$2,403$156
40 years$16,543$10,421$6,343$3,757$2,180$130
41 years$15,959$9,920$5,948$3,466$1,978$108
42 years$15,405$9,448$5,579$3,199$1,795$90
43 years$14,878$9,002$5,235$2,953$1,629$75
44 years$14,377$8,581$4,914$2,726$1,478$63
45 years$13,899$8,182$4,614$2,518$1,342$52
46 years$13,443$7,806$4,334$2,326$1,219$44
47 years$13,008$7,449$4,071$2,149$1,107$36
48 years$12,592$7,111$3,826$1,985$1,005$30
49 years$12,194$6,791$3,596$1,835$913$25
50 years$11,814$6,487$3,381$1,696$829$21

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 $3,286 every year, while hoping to spend $49,634 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: 59/21/20 Blend
52$12,100,000$12,100,000$12,100,000$12,100,000
53$13,337,590$12,696,290$12,508,740$14,053,994
54$14,645,213$13,265,598$12,874,972$15,109,635
55$16,084,552$13,861,138$13,251,810$16,254,677
56$17,668,986$14,484,144$13,639,556$17,502,366
57$19,413,263$15,135,908$14,038,521$18,862,640
58$21,333,631$15,817,782$14,449,027$20,346,427
59$23,447,992$16,531,185$14,871,400$21,965,748
60$25,776,076$17,277,601$15,305,981$23,733,827
61$28,339,621$18,058,589$15,753,117$25,665,214
62$31,162,581$18,875,778$16,213,164$27,775,916
63$34,271,351$19,730,878$16,686,492$30,083,547
64$37,695,015$20,625,678$17,173,476$32,607,490
65$41,465,626$21,562,055$17,674,506$35,369,078
66$45,618,498$22,541,974$18,189,981$38,391,789
67$50,192,551$23,567,496$18,720,311$41,701,464
68$55,230,666$24,640,779$19,265,917$45,326,548
69$60,780,102$25,764,085$19,827,233$49,298,356
70$66,892,931$26,939,784$20,404,704$53,651,357
71$73,626,537$28,170,360$20,998,788$58,423,504
72$81,044,152$29,458,416$21,609,956$63,656,581
73$89,215,456$30,806,679$22,238,690$69,396,592
74$98,217,234$32,218,008$22,885,488$75,694,195
75$108,134,101$33,695,399$23,550,861$82,605,169
76$119,059,298$35,241,992$24,235,333$90,190,939
77$131,095,573$36,861,077$24,939,443$98,519,146
78$144,356,153$38,556,102$25,663,747$107,664,283
79$158,965,811$40,330,681$26,408,813$117,708,388
80$175,062,042$42,188,602$27,175,226$128,741,813
81$192,796,363$44,133,836$27,963,589$140,864,071
82$212,335,741$46,170,543$28,774,518$154,184,766
83$233,864,172$48,303,085$29,608,649$168,824,619
84$257,584,413$50,536,032$30,466,634$184,916,603
85$283,719,901$52,874,175$31,349,144$202,607,184
86$312,516,857$55,322,536$32,256,867$222,057,701
87$344,246,616$57,886,379$33,190,511$243,445,875
88$379,208,180$60,571,222$34,150,803$266,967,478
89$417,731,049$63,382,846$35,138,490$292,838,173
90$460,178,325$66,327,315$36,154,338$321,295,536
91$506,950,142$69,410,981$37,199,137$352,601,289
92$558,487,444$72,640,507$38,273,695$387,043,760
93$615,276,146$76,022,874$39,378,846$424,940,591
94$677,851,718$79,565,400$40,515,443$466,641,725
95$746,804,248$83,275,759$41,684,365$512,532,695
96$822,784,002$87,161,992$42,886,512$563,038,252
97$906,507,572$91,232,531$44,122,812$618,626,357
98$998,764,633$95,496,214$45,394,215$679,812,586
99$1,100,425,403$99,962,306$46,701,698$747,164,980
100$1,212,448,855$104,640,520$48,046,266$821,309,392