Can I retire at age 53 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$965,764
2 years$502,833$493,468$484,392$475,592$467,057$451,925
3 years$331,892$322,487$313,434$304,717$296,320$281,583
4 years$246,438$237,062$228,100$219,531$211,338$197,109
5 years$195,180$185,859$177,015$168,621$160,656$146,976
6 years$161,018$151,768$143,054$134,848$127,121$114,007
7 years$136,627$127,455$118,879$110,866$103,384$90,838
8 years$118,342$109,252$100,818$93,002$85,767$73,789
9 years$104,127$95,124$86,835$79,217$72,228$60,811
10 years$92,762$83,847$75,705$68,286$61,542$50,678
11 years$83,470$74,644$66,649$59,429$52,928$42,605
12 years$75,732$66,996$59,149$52,128$45,866$36,072
13 years$69,189$60,545$52,846$46,021$39,996$30,716
14 years$63,586$55,034$47,482$40,852$35,061$26,280
15 years$58,735$50,274$42,870$36,433$30,870$22,573
16 years$54,494$46,126$38,868$32,622$27,283$19,454
17 years$50,755$42,480$35,369$29,310$24,191$16,812
18 years$47,436$39,254$32,287$26,415$21,510$14,563
19 years$44,470$36,380$29,557$23,868$19,172$12,641
20 years$41,804$33,806$27,126$21,617$17,125$10,991
21 years$39,395$31,489$24,951$19,619$15,325$9,571
22 years$37,207$29,394$22,996$17,838$13,736$8,345
23 years$35,213$27,491$21,233$16,245$12,331$7,284
24 years$33,388$25,758$19,637$14,817$11,083$6,364
25 years$31,711$24,172$18,187$13,531$9,973$5,565
26 years$30,166$22,718$16,868$12,372$8,983$4,870
27 years$28,738$21,380$15,663$11,325$8,099$4,264
28 years$27,414$20,147$14,561$10,376$7,308$3,736
29 years$26,184$19,006$13,550$9,515$6,599$3,275
30 years$25,037$17,949$12,622$8,732$5,963$2,871
31 years$23,967$16,968$11,767$8,020$5,391$2,519
32 years$22,966$16,055$10,979$7,371$4,876$2,210
33 years$22,027$15,204$10,251$6,778$4,413$1,940
34 years$21,146$14,410$9,578$6,236$3,996$1,703
35 years$20,317$13,668$8,955$5,741$3,619$1,496
36 years$19,535$12,973$8,377$5,287$3,279$1,314
37 years$18,798$12,321$7,841$4,871$2,972$1,154
38 years$18,101$11,710$7,342$4,490$2,694$1,014
39 years$17,441$11,135$6,879$4,140$2,443$891
40 years$16,816$10,594$6,448$3,819$2,216$783
41 years$16,223$10,084$6,046$3,523$2,010$688
42 years$15,660$9,604$5,671$3,251$1,824$605
43 years$15,124$9,151$5,322$3,001$1,656$532
44 years$14,614$8,722$4,995$2,771$1,503$467
45 years$14,128$8,318$4,690$2,559$1,364$411
46 years$13,665$7,935$4,405$2,364$1,239$361
47 years$13,223$7,572$4,139$2,184$1,125$318
48 years$12,800$7,229$3,889$2,018$1,022$279
49 years$12,396$6,903$3,656$1,865$928$246
50 years$12,009$6,594$3,437$1,724$843$216

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,300,000, adding $4,360 every year, while hoping to spend $56,411 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: 56/28/16 Blend
52$12,300,000$12,300,000$12,300,000$12,300,000
53$13,559,097$12,907,197$12,716,547$14,261,158
54$14,882,104$13,479,629$13,082,531$15,311,182
55$16,338,168$14,078,219$13,458,884$16,447,943
56$17,940,799$14,704,190$13,845,895$17,684,964
57$19,704,887$15,358,822$14,243,859$19,031,857
58$21,646,837$16,043,456$14,653,080$20,499,191
59$23,784,726$16,759,497$15,073,869$22,098,585
60$26,138,471$17,508,416$15,506,547$23,842,817
61$28,730,021$18,291,754$15,951,443$25,745,938
62$31,583,560$19,111,127$16,408,893$27,823,403
63$34,725,738$19,968,226$16,879,245$30,092,213
64$38,185,917$20,864,824$17,362,854$32,571,068
65$41,996,457$21,802,777$17,860,086$35,280,542
66$46,193,013$22,784,030$18,371,316$38,243,274
67$50,814,874$23,810,621$18,896,929$41,484,172
68$55,905,336$24,884,686$19,437,321$45,030,647
69$61,512,106$26,008,462$19,992,897$48,912,864
70$67,687,756$27,184,291$20,564,074$53,164,025
71$74,490,217$28,414,631$21,151,280$57,820,673
72$81,983,326$29,702,055$21,754,955$62,923,030
73$90,237,427$31,049,258$22,375,548$68,515,374
74$99,330,039$32,459,066$23,013,523$74,646,451
75$109,346,581$33,934,439$23,669,355$81,369,922
76$120,381,185$35,478,478$24,343,531$88,744,870
77$132,537,578$37,094,435$25,036,550$96,836,345
78$145,930,064$38,785,716$25,748,928$105,715,972
79$160,684,604$40,555,890$26,481,191$115,462,619
80$176,940,001$42,408,696$27,233,879$126,163,134
81$194,849,215$44,348,056$28,007,547$137,913,153
82$214,580,800$46,378,076$28,802,766$150,817,997
83$236,320,502$48,503,062$29,620,118$164,993,653
84$260,273,006$50,727,524$30,460,204$180,567,862
85$286,663,871$53,056,191$31,323,640$197,681,311
86$315,741,659$55,494,018$32,211,055$216,488,955
87$347,780,281$58,046,198$33,123,099$237,161,459
88$383,081,581$60,718,173$34,060,434$259,886,809
89$421,978,187$63,515,648$35,023,743$284,872,063
90$464,836,649$66,444,602$36,013,725$312,345,299
91$512,060,899$69,511,299$37,031,097$342,557,751
92$564,096,066$72,722,309$38,076,594$375,786,169
93$621,432,677$76,084,514$39,150,972$412,335,412
94$684,611,285$79,605,129$40,255,004$452,541,315
95$754,227,573$83,291,718$41,389,484$496,773,840
96$830,937,980$87,152,207$42,555,226$545,440,550
97$915,465,893$91,194,904$43,753,065$598,990,441
98$1,008,608,478$95,428,519$44,983,857$657,918,161
99$1,111,244,207$99,862,180$46,248,481$722,768,660
100$1,224,341,147$104,505,457$47,547,835$794,142,309