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%18.1%
1 years$999,207$990,306$981,623$973,147$964,871$933,238
2 years$494,657$485,444$476,516$467,859$459,462$427,894
3 years$326,495$317,243$308,337$299,762$291,502$260,990
4 years$242,431$233,207$224,391$215,962$207,902$178,679
5 years$192,006$182,837$174,136$165,879$158,043$130,189
6 years$158,400$149,300$140,728$132,655$125,054$98,590
7 years$134,405$125,382$116,946$109,063$101,703$76,626
8 years$116,417$107,476$99,179$91,490$84,372$60,665
9 years$102,434$93,577$85,423$77,929$71,054$48,687
10 years$91,254$82,484$74,474$67,176$60,541$39,482
11 years$82,113$73,430$65,565$58,463$52,067$32,274
12 years$74,500$65,907$58,188$51,280$45,121$26,551
13 years$68,064$59,561$51,987$45,273$39,346$21,953
14 years$62,552$54,139$46,710$40,188$34,490$18,225
15 years$57,780$49,457$42,173$35,841$30,368$15,181
16 years$53,608$45,376$38,236$32,091$26,839$12,680
17 years$49,930$41,789$34,793$28,834$23,798$10,614
18 years$46,665$38,615$31,762$25,985$21,160$8,902
19 years$43,747$35,788$29,077$23,480$18,860$7,477
20 years$41,124$33,256$26,685$21,265$16,846$6,289
21 years$38,754$30,977$24,545$19,300$15,076$5,295
22 years$36,602$28,916$22,622$17,548$13,513$4,462
23 years$34,641$27,044$20,887$15,981$12,130$3,763
24 years$32,845$25,339$19,317$14,576$10,903$3,175
25 years$31,196$23,779$17,892$13,311$9,811$2,681
26 years$29,676$22,349$16,594$12,171$8,837$2,264
27 years$28,271$21,033$15,409$11,141$7,968$1,913
28 years$26,968$19,819$14,324$10,207$7,189$1,617
29 years$25,758$18,697$13,330$9,360$6,492$1,367
30 years$24,630$17,657$12,416$8,590$5,866$1,156
31 years$23,578$16,692$11,576$7,890$5,303$978
32 years$22,593$15,794$10,800$7,251$4,797$828
33 years$21,669$14,957$10,084$6,668$4,341$700
34 years$20,802$14,176$9,422$6,135$3,931$593
35 years$19,986$13,446$8,809$5,647$3,560$501
36 years$19,218$12,762$8,241$5,201$3,226$424
37 years$18,492$12,121$7,713$4,792$2,924$359
38 years$17,806$11,519$7,223$4,417$2,650$304
39 years$17,158$10,954$6,767$4,073$2,403$257
40 years$16,543$10,421$6,343$3,757$2,180$218
41 years$15,959$9,920$5,948$3,466$1,978$184
42 years$15,405$9,448$5,579$3,199$1,795$156
43 years$14,878$9,002$5,235$2,953$1,629$132
44 years$14,377$8,581$4,914$2,726$1,478$112
45 years$13,899$8,182$4,614$2,518$1,342$95
46 years$13,443$7,806$4,334$2,326$1,219$80
47 years$13,008$7,449$4,071$2,149$1,107$68
48 years$12,592$7,111$3,826$1,985$1,005$58
49 years$12,194$6,791$3,596$1,835$913$49
50 years$11,814$6,487$3,381$1,696$829$41

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 $4,890 every year, while hoping to spend $28,004 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: 48/36/16 Blend
52$12,100,000$12,100,000$12,100,000$12,100,000
53$13,339,244$12,697,944$12,510,394$13,919,534
54$14,670,051$13,290,347$12,899,696$14,914,075
55$16,135,661$13,910,840$13,301,101$15,990,091
56$17,749,796$14,560,768$13,714,986$17,157,852
57$19,527,574$15,241,544$14,141,736$18,425,953
58$21,485,655$15,954,648$14,581,753$19,803,832
59$23,642,398$16,701,632$15,035,448$21,301,853
60$26,018,032$17,484,122$15,503,245$22,931,402
61$28,634,851$18,303,824$15,985,583$24,704,987
62$31,517,419$19,162,524$16,482,913$26,636,352
63$34,692,806$20,062,098$16,995,701$28,740,601
64$38,190,842$21,004,511$17,524,427$31,034,334
65$42,044,398$21,991,822$18,069,585$33,535,799
66$46,289,696$23,026,190$18,631,686$36,265,055
67$50,966,653$24,109,882$19,211,255$39,244,158
68$56,119,255$25,245,269$19,808,835$42,497,363
69$61,795,973$26,434,841$20,424,986$46,051,341
70$68,050,222$27,681,208$21,060,282$49,935,427
71$74,940,863$28,987,106$21,715,320$54,181,887
72$82,532,759$30,355,402$22,390,711$58,826,217
73$90,897,388$31,789,104$23,087,088$63,907,465
74$100,113,517$33,291,366$23,805,101$69,468,596
75$110,267,946$34,865,493$24,545,422$75,556,881
76$121,456,327$36,514,953$25,308,744$82,224,342
77$133,784,066$38,243,379$26,095,780$89,528,223
78$147,367,318$40,054,583$26,907,267$97,531,528
79$162,334,087$41,952,559$27,743,963$106,303,601
80$178,825,428$43,941,499$28,606,650$115,920,764
81$196,996,784$46,025,794$29,496,135$126,467,034
82$217,019,450$48,210,052$30,413,249$138,034,897
83$239,082,191$50,499,102$31,358,850$150,726,166
84$263,393,024$52,898,007$32,333,821$164,652,935
85$290,181,182$55,412,080$33,339,074$179,938,613
86$319,699,278$58,046,887$34,375,548$196,719,082
87$352,225,687$60,808,267$35,444,212$215,143,955
88$388,067,179$63,702,344$36,546,064$235,377,980
89$427,561,808$66,735,535$37,682,134$257,602,568
90$471,082,111$69,914,575$38,853,484$282,017,494
91$519,038,617$73,246,520$40,061,207$308,842,759
92$571,883,731$76,738,774$41,306,432$338,320,648
93$630,115,996$80,399,099$42,590,322$370,717,996
94$694,284,806$84,235,633$43,914,076$406,328,681
95$764,995,590$88,256,913$45,278,931$445,476,379
96$842,915,526$92,471,887$46,686,161$488,517,591
97$928,779,842$96,889,943$48,137,081$535,844,987
98$1,023,398,758$101,520,922$49,633,045$587,891,081
99$1,127,665,129$106,375,144$51,175,449$645,132,285
100$1,242,562,880$111,463,435$52,765,735$708,093,384