Can I retire at age 53 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,007,465$998,491$989,735$981,190$972,845$957,122
2 years$498,745$489,456$480,454$471,726$463,260$447,463
3 years$329,194$319,865$310,886$302,239$293,911$278,531
4 years$244,435$235,135$226,245$217,746$209,620$194,776
5 years$193,593$184,348$175,575$167,250$159,350$145,084
6 years$159,709$150,534$141,891$133,751$126,088$112,418
7 years$135,516$126,419$117,912$109,964$102,543$89,472
8 years$117,379$108,364$99,999$92,246$85,069$72,595
9 years$103,281$94,350$86,129$78,573$71,641$59,757
10 years$92,008$83,165$75,089$67,731$61,042$49,738
11 years$82,791$74,037$66,107$58,946$52,498$41,763
12 years$75,116$66,452$58,669$51,704$45,493$35,313
13 years$68,627$60,053$52,416$45,647$39,671$30,031
14 years$63,069$54,586$47,096$40,520$34,776$25,659
15 years$58,257$49,866$42,522$36,137$30,619$22,010
16 years$54,051$45,751$38,552$32,357$27,061$18,941
17 years$50,343$42,135$35,081$29,072$23,994$16,346
18 years$47,051$38,934$32,024$26,200$21,335$14,139
19 years$44,109$36,084$29,317$23,674$19,016$12,255
20 years$41,464$33,531$26,906$21,441$16,986$10,639
21 years$39,074$31,233$24,748$19,459$15,200$9,251
22 years$36,905$29,155$22,809$17,693$13,625$8,054
23 years$34,927$27,268$21,060$16,113$12,230$7,019
24 years$33,116$25,548$19,477$14,696$10,993$6,123
25 years$31,453$23,976$18,040$13,421$9,892$5,346
26 years$29,921$22,533$16,731$12,272$8,910$4,670
27 years$28,504$21,206$15,536$11,233$8,033$4,083
28 years$27,191$19,983$14,443$10,292$7,249$3,571
29 years$25,971$18,851$13,440$9,438$6,545$3,125
30 years$24,834$17,803$12,519$8,661$5,914$2,736
31 years$23,772$16,830$11,671$7,955$5,347$2,396
32 years$22,779$15,925$10,889$7,311$4,837$2,099
33 years$21,848$15,081$10,167$6,723$4,377$1,839
34 years$20,974$14,293$9,500$6,186$3,963$1,612
35 years$20,152$13,557$8,882$5,694$3,590$1,413
36 years$19,376$12,867$8,309$5,244$3,252$1,239
37 years$18,645$12,221$7,777$4,832$2,948$1,087
38 years$17,954$11,614$7,283$4,454$2,672$953
39 years$17,299$11,044$6,823$4,106$2,423$836
40 years$16,679$10,508$6,395$3,788$2,198$734
41 years$16,091$10,002$5,997$3,495$1,994$644
42 years$15,532$9,526$5,625$3,225$1,809$565
43 years$15,001$9,076$5,278$2,977$1,642$496
44 years$14,495$8,651$4,955$2,749$1,491$435
45 years$14,013$8,250$4,652$2,539$1,353$382
46 years$13,554$7,870$4,370$2,345$1,229$335
47 years$13,115$7,511$4,105$2,166$1,116$294
48 years$12,696$7,170$3,858$2,002$1,013$258
49 years$12,295$6,847$3,626$1,850$920$226
50 years$11,911$6,540$3,409$1,710$836$199

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,200,000, adding $4,213 every year, while hoping to spend $59,963 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: 29/48/23 Blend
52$12,200,000$12,200,000$12,200,000$12,200,000
53$13,448,746$12,802,146$12,613,046$13,742,006
54$14,756,718$13,365,651$12,971,783$14,533,161
55$16,196,093$13,954,758$13,340,527$15,377,559
56$17,780,212$14,570,658$13,719,552$16,284,151
57$19,523,772$15,214,599$14,109,136$17,258,332
58$21,442,970$15,887,887$14,509,565$18,306,001
59$23,555,651$16,591,892$14,921,134$19,433,622
60$25,881,478$17,328,046$15,344,143$20,648,273
61$28,442,119$18,097,851$15,778,902$21,957,706
62$31,261,449$18,902,879$16,225,729$23,370,420
63$34,365,775$19,744,777$16,684,948$24,895,729
64$37,784,085$20,625,273$17,156,895$26,543,845
65$41,548,322$21,546,172$17,641,912$28,325,968
66$45,693,685$22,509,368$18,140,350$30,254,385
67$50,258,958$23,516,845$18,652,569$32,342,574
68$55,286,882$24,570,680$19,178,940$34,605,329
69$60,824,552$25,673,051$19,719,843$37,058,888
70$66,923,864$26,826,239$20,275,665$39,721,075
71$73,642,005$28,032,631$20,846,807$42,611,465
72$81,041,991$29,294,732$21,433,676$45,751,555
73$89,193,264$30,615,163$22,036,694$49,164,956
74$98,172,343$31,996,673$22,656,290$52,877,609
75$108,063,552$33,442,140$23,292,906$56,918,017
76$118,959,810$34,954,580$23,946,993$61,317,501
77$130,963,509$36,537,153$24,619,017$66,110,486
78$144,187,485$38,193,171$25,309,451$71,334,811
79$158,756,076$39,926,104$26,018,785$77,032,077
80$174,806,299$41,739,586$26,747,518$83,248,021
81$192,489,144$43,637,428$27,496,162$90,032,936
82$211,970,995$45,623,621$28,265,242$97,442,131
83$233,435,207$47,702,349$29,055,298$105,536,436
84$257,083,828$49,877,993$29,866,880$114,382,760
85$283,139,512$52,155,149$30,700,554$124,054,707
86$311,847,620$54,538,629$31,556,901$134,633,252
87$343,478,533$57,033,478$32,436,513$146,207,483
88$378,330,206$59,644,981$33,339,999$158,875,428
89$416,730,982$62,378,680$34,267,983$172,744,957
90$459,042,686$65,240,379$35,221,105$187,934,778
91$505,664,045$68,236,163$36,200,017$204,575,535
92$557,034,453$71,372,410$37,205,393$222,811,020
93$613,638,110$74,655,802$38,237,917$242,799,504
94$676,008,605$78,093,343$39,298,294$264,715,204
95$744,733,941$81,692,376$40,387,246$288,749,904
96$820,462,095$85,460,593$41,505,510$315,114,733
97$903,907,126$89,406,060$42,653,842$344,042,131
98$995,855,924$93,537,228$43,833,017$375,788,014
99$1,097,175,634$97,862,958$45,043,829$410,634,152
100$1,208,821,839$102,392,533$46,287,088$448,890,800