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

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 $12,100,000?

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 $5,521 every year, while hoping to spend $29,235 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: 44/40/16 Blend
52$12,100,000$12,100,000$12,100,000$12,100,000
53$13,339,895$12,698,595$12,511,045$13,865,007
54$14,669,458$13,289,720$12,899,059$14,824,454
55$16,133,657$13,908,831$13,299,092$15,860,412
56$17,746,194$14,557,267$13,711,515$16,982,652
57$19,522,167$15,236,434$14,136,712$18,199,147
58$21,478,214$15,947,806$14,575,078$19,518,650
59$23,632,668$16,692,924$15,027,019$20,950,764
60$26,005,733$17,473,410$15,492,957$22,506,035
61$28,619,670$18,290,959$15,973,323$24,196,040
62$31,499,010$19,147,351$16,468,564$26,033,495
63$34,670,788$20,044,450$16,979,140$28,032,366
64$38,164,792$20,984,212$17,505,524$30,207,996
65$42,013,849$21,968,686$18,048,207$32,577,243
66$46,254,131$23,000,020$18,607,691$35,158,631
67$50,925,500$24,080,469$19,184,496$37,972,521
68$56,071,882$25,212,393$19,779,158$41,041,290
69$61,741,682$26,398,269$20,392,229$44,389,539
70$67,988,242$27,640,693$21,024,277$48,044,316
71$74,870,342$28,942,386$21,675,889$52,035,362
72$82,452,756$30,306,202$22,347,670$56,395,382
73$90,806,864$31,735,132$23,040,244$61,160,344
74$100,011,324$33,232,314$23,754,252$66,369,812
75$110,152,818$34,801,036$24,490,358$72,067,305
76$121,326,864$36,444,745$25,249,244$78,300,698
77$133,638,725$38,167,058$26,031,614$85,122,664
78$147,204,395$39,971,765$26,838,194$92,591,157
79$162,151,702$41,862,840$27,669,732$100,769,949
80$178,621,506$43,844,450$28,526,999$109,729,217
81$196,769,036$45,920,964$29,410,789$119,546,194
82$216,765,350$48,096,963$30,321,923$130,305,879
83$238,798,953$50,377,252$31,261,245$142,101,831
84$263,077,575$52,766,866$32,229,625$155,037,031
85$289,830,132$55,271,087$33,227,962$169,224,840
86$319,308,887$57,895,452$34,257,180$184,790,053
87$351,791,832$60,645,767$35,318,234$201,870,056
88$387,585,310$63,528,121$36,412,107$220,616,107
89$427,026,910$66,548,898$37,539,811$241,194,741
90$470,488,653$69,714,792$38,702,392$263,789,327
91$518,380,501$73,032,822$39,900,928$288,601,771
92$571,154,230$76,510,348$41,136,527$315,854,401
93$629,307,696$80,155,089$42,410,335$345,792,046
94$693,389,531$83,975,139$43,723,531$378,684,318
95$764,004,325$87,978,983$45,077,332$414,828,134
96$841,818,334$92,175,520$46,472,990$454,550,488
97$927,565,767$96,574,084$47,911,798$498,211,513
98$1,022,055,720$101,184,458$49,395,088$546,207,851
99$1,126,179,813$106,016,906$50,924,233$598,976,364
100$1,240,920,607$111,082,188$52,500,648$656,998,225