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

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,007,465$998,491$989,735$981,190$972,845$949,327
2 years$498,745$489,456$480,454$471,726$463,260$439,707
3 years$329,194$319,865$310,886$302,239$293,911$271,060
4 years$244,435$235,135$226,245$217,746$209,620$187,646
5 years$193,593$184,348$175,575$167,250$159,350$138,314
6 years$159,709$150,534$141,891$133,751$126,088$106,013
7 years$135,516$126,419$117,912$109,964$102,543$83,430
8 years$117,379$108,364$99,999$92,246$85,069$66,911
9 years$103,281$94,350$86,129$78,573$71,641$54,422
10 years$92,008$83,165$75,089$67,731$61,042$44,743
11 years$82,791$74,037$66,107$58,946$52,498$37,096
12 years$75,116$66,452$58,669$51,704$45,493$30,963
13 years$68,627$60,053$52,416$45,647$39,671$25,984
14 years$63,069$54,586$47,096$40,520$34,776$21,902
15 years$58,257$49,866$42,522$36,137$30,619$18,529
16 years$54,051$45,751$38,552$32,357$27,061$15,722
17 years$50,343$42,135$35,081$29,072$23,994$13,374
18 years$47,051$38,934$32,024$26,200$21,335$11,401
19 years$44,109$36,084$29,317$23,674$19,016$9,736
20 years$41,464$33,531$26,906$21,441$16,986$8,327
21 years$39,074$31,233$24,748$19,459$15,200$7,130
22 years$36,905$29,155$22,809$17,693$13,625$6,112
23 years$34,927$27,268$21,060$16,113$12,230$5,245
24 years$33,116$25,548$19,477$14,696$10,993$4,504
25 years$31,453$23,976$18,040$13,421$9,892$3,870
26 years$29,921$22,533$16,731$12,272$8,910$3,327
27 years$28,504$21,206$15,536$11,233$8,033$2,862
28 years$27,191$19,983$14,443$10,292$7,249$2,463
29 years$25,971$18,851$13,440$9,438$6,545$2,121
30 years$24,834$17,803$12,519$8,661$5,914$1,826
31 years$23,772$16,830$11,671$7,955$5,347$1,573
32 years$22,779$15,925$10,889$7,311$4,837$1,355
33 years$21,848$15,081$10,167$6,723$4,377$1,168
34 years$20,974$14,293$9,500$6,186$3,963$1,007
35 years$20,152$13,557$8,882$5,694$3,590$868
36 years$19,376$12,867$8,309$5,244$3,252$748
37 years$18,645$12,221$7,777$4,832$2,948$645
38 years$17,954$11,614$7,283$4,454$2,672$556
39 years$17,299$11,044$6,823$4,106$2,423$480
40 years$16,679$10,508$6,395$3,788$2,198$414
41 years$16,091$10,002$5,997$3,495$1,994$357
42 years$15,532$9,526$5,625$3,225$1,809$308
43 years$15,001$9,076$5,278$2,977$1,642$265
44 years$14,495$8,651$4,955$2,749$1,491$229
45 years$14,013$8,250$4,652$2,539$1,353$198
46 years$13,554$7,870$4,370$2,345$1,229$170
47 years$13,115$7,511$4,105$2,166$1,116$147
48 years$12,696$7,170$3,858$2,002$1,013$127
49 years$12,295$6,847$3,626$1,850$920$109
50 years$11,911$6,540$3,409$1,710$836$94

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 $5,439 every year, while hoping to spend $37,588 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: 72/23/5 Blend
52$12,200,000$12,200,000$12,200,000$12,200,000
53$13,450,010$12,803,410$12,614,310$14,412,215
54$14,781,918$13,390,784$12,996,896$15,634,429
55$16,248,421$14,005,679$13,391,039$16,966,843
56$17,863,207$14,649,405$13,797,086$18,424,485
57$19,641,361$15,323,333$14,215,396$20,019,674
58$21,599,504$16,028,901$14,646,336$21,765,964
59$23,755,952$16,767,615$15,090,286$23,678,270
60$26,130,886$17,541,055$15,547,638$25,773,006
61$28,746,546$18,350,876$16,018,794$28,068,239
62$31,627,438$19,198,814$16,504,168$30,583,853
63$34,800,566$20,086,685$17,004,187$33,341,735
64$38,295,689$21,016,397$17,519,292$36,365,978
65$42,145,595$21,989,947$18,049,934$39,683,106
66$46,386,421$23,009,429$18,596,582$43,322,317
67$51,057,982$24,077,038$19,159,714$47,315,761
68$56,204,158$25,195,074$19,739,826$51,698,831
69$61,873,298$26,365,950$20,337,427$56,510,500
70$68,118,686$27,592,192$20,953,041$61,793,681
71$74,999,033$28,876,451$21,587,209$67,595,626
72$82,579,041$30,221,504$22,240,488$73,968,371
73$90,930,009$31,630,263$22,913,449$80,969,220
74$100,130,504$33,105,780$23,606,684$88,661,278
75$110,267,107$34,651,255$24,320,800$97,114,046
76$121,435,228$36,270,042$25,056,422$106,404,066
77$133,740,004$37,965,657$25,814,196$116,615,642
78$147,297,297$39,741,787$26,594,783$127,841,626
79$162,234,781$41,602,294$27,398,869$140,184,288
80$178,693,154$43,551,232$28,227,156$153,756,278
81$196,827,458$45,592,845$29,080,369$168,681,674
82$216,808,552$47,731,587$29,959,254$185,097,155
83$238,824,715$49,972,125$30,864,579$203,153,276
84$263,083,429$52,319,353$31,797,137$223,015,884
85$289,813,339$54,778,401$32,757,740$244,867,672
86$319,266,404$57,354,647$33,747,229$268,909,900
87$351,720,283$60,053,731$34,766,467$295,364,276
88$387,480,952$62,881,564$35,816,344$324,475,048
89$426,885,592$65,844,344$36,897,775$356,511,291
90$470,305,777$68,948,571$38,011,704$391,769,444
91$518,150,972$72,201,057$39,159,103$430,576,087
92$570,872,409$75,608,946$40,340,970$473,291,021
93$628,967,338$79,179,728$41,558,336$520,310,645
94$692,983,727$82,921,256$42,812,261$572,071,689
95$763,525,432$86,841,762$44,103,837$629,055,318
96$841,257,898$90,949,881$45,434,187$691,791,666
97$926,914,441$95,254,662$46,804,470$760,864,818
98$1,021,303,171$99,765,597$48,215,876$836,918,312
99$1,125,314,620$104,492,638$49,669,634$920,661,198
100$1,239,930,151$109,446,216$51,167,006$1,012,874,711