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%11.9%
1 years$999,207$990,306$981,623$973,147$964,871$957,186
2 years$494,657$485,444$476,516$467,859$459,462$451,716
3 years$326,495$317,243$308,337$299,762$291,502$283,934
4 years$242,431$233,207$224,391$215,962$207,902$200,570
5 years$192,006$182,837$174,136$165,879$158,043$150,970
6 years$158,400$149,300$140,728$132,655$125,054$118,248
7 years$134,405$125,382$116,946$109,063$101,703$95,167
8 years$116,417$107,476$99,179$91,490$84,372$78,106
9 years$102,434$93,577$85,423$77,929$71,054$65,056
10 years$91,254$82,484$74,474$67,176$60,541$54,809
11 years$82,113$73,430$65,565$58,463$52,067$46,596
12 years$74,500$65,907$58,188$51,280$45,121$39,905
13 years$68,064$59,561$51,987$45,273$39,346$34,380
14 years$62,552$54,139$46,710$40,188$34,490$29,768
15 years$57,780$49,457$42,173$35,841$30,368$25,883
16 years$53,608$45,376$38,236$32,091$26,839$22,585
17 years$49,930$41,789$34,793$28,834$23,798$19,766
18 years$46,665$38,615$31,762$25,985$21,160$17,344
19 years$43,747$35,788$29,077$23,480$18,860$15,253
20 years$41,124$33,256$26,685$21,265$16,846$13,439
21 years$38,754$30,977$24,545$19,300$15,076$11,861
22 years$36,602$28,916$22,622$17,548$13,513$10,484
23 years$34,641$27,044$20,887$15,981$12,130$9,278
24 years$32,845$25,339$19,317$14,576$10,903$8,220
25 years$31,196$23,779$17,892$13,311$9,811$7,290
26 years$29,676$22,349$16,594$12,171$8,837$6,471
27 years$28,271$21,033$15,409$11,141$7,968$5,748
28 years$26,968$19,819$14,324$10,207$7,189$5,109
29 years$25,758$18,697$13,330$9,360$6,492$4,544
30 years$24,630$17,657$12,416$8,590$5,866$4,044
31 years$23,578$16,692$11,576$7,890$5,303$3,600
32 years$22,593$15,794$10,800$7,251$4,797$3,207
33 years$21,669$14,957$10,084$6,668$4,341$2,857
34 years$20,802$14,176$9,422$6,135$3,931$2,546
35 years$19,986$13,446$8,809$5,647$3,560$2,270
36 years$19,218$12,762$8,241$5,201$3,226$2,024
37 years$18,492$12,121$7,713$4,792$2,924$1,806
38 years$17,806$11,519$7,223$4,417$2,650$1,611
39 years$17,158$10,954$6,767$4,073$2,403$1,438
40 years$16,543$10,421$6,343$3,757$2,180$1,283
41 years$15,959$9,920$5,948$3,466$1,978$1,145
42 years$15,405$9,448$5,579$3,199$1,795$1,022
43 years$14,878$9,002$5,235$2,953$1,629$913
44 years$14,377$8,581$4,914$2,726$1,478$815
45 years$13,899$8,182$4,614$2,518$1,342$728
46 years$13,443$7,806$4,334$2,326$1,219$650
47 years$13,008$7,449$4,071$2,149$1,107$580
48 years$12,592$7,111$3,826$1,985$1,005$518
49 years$12,194$6,791$3,596$1,835$913$463
50 years$11,814$6,487$3,381$1,696$829$414

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 $6,613 every year, while hoping to spend $20,876 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: 76/13/11 Blend
52$12,100,000$12,100,000$12,100,000$12,100,000
53$13,341,021$12,699,721$12,512,171$14,327,082
54$14,679,594$13,299,796$12,909,117$15,577,665
55$16,154,001$13,928,574$13,318,661$16,944,877
56$17,778,075$14,587,441$13,741,203$18,443,021
57$19,567,061$15,277,848$14,177,155$20,085,110
58$21,537,756$16,001,317$14,626,944$21,885,467
59$23,708,669$16,759,444$15,091,009$23,859,863
60$26,100,199$17,553,902$15,569,803$26,025,660
61$28,734,821$18,386,445$16,063,794$28,401,977
62$31,637,306$19,258,914$16,573,465$31,009,862
63$34,834,948$20,173,237$17,099,312$33,872,497
64$38,357,824$21,131,437$17,641,850$37,015,405
65$42,239,080$22,135,635$18,201,610$40,466,697
66$46,515,239$23,188,055$18,779,137$44,257,327
67$51,226,552$24,291,027$19,374,996$48,421,387
68$56,417,371$25,446,999$19,989,770$52,996,423
69$62,136,574$26,658,533$20,624,058$58,023,791
70$68,438,021$27,928,317$21,278,480$63,549,035
71$75,381,066$29,259,173$21,953,677$69,622,324
72$83,031,117$30,654,054$22,650,307$76,298,914
73$91,460,251$32,116,062$23,369,052$83,639,674
74$100,747,894$33,648,447$24,110,613$91,711,647
75$110,981,577$35,254,618$24,875,716$100,588,689
76$122,257,752$36,938,150$25,665,107$110,352,154
77$134,682,714$38,702,790$26,479,559$121,091,664
78$148,373,594$40,552,469$27,319,868$132,905,946
79$163,459,470$42,491,310$28,186,853$145,903,762
80$180,082,587$44,523,635$29,081,364$160,204,928
81$198,399,695$46,653,977$30,004,273$175,941,445
82$218,583,531$48,887,089$30,956,483$193,258,735
83$240,824,451$51,227,957$31,938,925$212,317,009
84$265,332,225$53,681,807$32,952,559$233,292,777
85$292,338,018$56,254,121$33,998,376$256,380,504
86$322,096,572$58,950,649$35,077,398$281,794,442
87$354,888,610$61,777,419$36,190,679$309,770,646
88$391,023,490$64,740,754$37,339,308$340,569,193
89$430,842,119$67,847,284$38,524,408$374,476,632
90$474,720,176$71,103,962$39,747,136$411,808,683
91$523,071,658$74,518,080$41,008,690$452,913,207
92$576,352,787$78,097,286$42,310,301$498,173,481
93$635,066,318$81,849,600$43,653,242$548,011,812
94$699,766,283$85,783,431$45,038,827$602,893,509
95$771,063,226$89,907,601$46,468,410$663,331,272
96$849,629,962$94,231,360$47,943,388$729,890,016
97$936,207,931$98,764,409$49,465,204$803,192,202
98$1,031,614,197$103,516,923$51,035,346$883,923,692
99$1,136,749,164$108,499,571$52,655,349$972,840,224
100$1,252,605,073$113,723,544$54,326,797$1,070,774,523