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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$970,576
2 years$502,833$493,468$484,392$475,592$467,057$456,742
3 years$331,892$322,487$313,434$304,717$296,320$286,253
4 years$246,438$237,062$228,100$219,531$211,338$201,596
5 years$195,180$185,859$177,015$168,621$160,656$151,268
6 years$161,018$151,768$143,054$134,848$127,121$118,100
7 years$136,627$127,455$118,879$110,866$103,384$94,731
8 years$118,342$109,252$100,818$93,002$85,767$77,483
9 years$104,127$95,124$86,835$79,217$72,228$64,310
10 years$92,762$83,847$75,705$68,286$61,542$53,985
11 years$83,470$74,644$66,649$59,429$52,928$45,726
12 years$75,732$66,996$59,149$52,128$45,866$39,012
13 years$69,189$60,545$52,846$46,021$39,996$33,481
14 years$63,586$55,034$47,482$40,852$35,061$28,875
15 years$58,735$50,274$42,870$36,433$30,870$25,006
16 years$54,494$46,126$38,868$32,622$27,283$21,730
17 years$50,755$42,480$35,369$29,310$24,191$18,938
18 years$47,436$39,254$32,287$26,415$21,510$16,547
19 years$44,470$36,380$29,557$23,868$19,172$14,489
20 years$41,804$33,806$27,126$21,617$17,125$12,710
21 years$39,395$31,489$24,951$19,619$15,325$11,168
22 years$37,207$29,394$22,996$17,838$13,736$9,827
23 years$35,213$27,491$21,233$16,245$12,331$8,657
24 years$33,388$25,758$19,637$14,817$11,083$7,635
25 years$31,711$24,172$18,187$13,531$9,973$6,739
26 years$30,166$22,718$16,868$12,372$8,983$5,954
27 years$28,738$21,380$15,663$11,325$8,099$5,263
28 years$27,414$20,147$14,561$10,376$7,308$4,656
29 years$26,184$19,006$13,550$9,515$6,599$4,121
30 years$25,037$17,949$12,622$8,732$5,963$3,650
31 years$23,967$16,968$11,767$8,020$5,391$3,233
32 years$22,966$16,055$10,979$7,371$4,876$2,865
33 years$22,027$15,204$10,251$6,778$4,413$2,540
34 years$21,146$14,410$9,578$6,236$3,996$2,253
35 years$20,317$13,668$8,955$5,741$3,619$1,998
36 years$19,535$12,973$8,377$5,287$3,279$1,773
37 years$18,798$12,321$7,841$4,871$2,972$1,574
38 years$18,101$11,710$7,342$4,490$2,694$1,397
39 years$17,441$11,135$6,879$4,140$2,443$1,240
40 years$16,816$10,594$6,448$3,819$2,216$1,101
41 years$16,223$10,084$6,046$3,523$2,010$978
42 years$15,660$9,604$5,671$3,251$1,824$868
43 years$15,124$9,151$5,322$3,001$1,656$771
44 years$14,614$8,722$4,995$2,771$1,503$685
45 years$14,128$8,318$4,690$2,559$1,364$608
46 years$13,665$7,935$4,405$2,364$1,239$541
47 years$13,223$7,572$4,139$2,184$1,125$480
48 years$12,800$7,229$3,889$2,018$1,022$427
49 years$12,396$6,903$3,656$1,865$928$379
50 years$12,009$6,594$3,437$1,724$843$337

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 $6,993 every year, while hoping to spend $43,956 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: 60/29/11 Blend
52$12,300,000$12,300,000$12,300,000$12,300,000
53$13,561,813$12,909,913$12,719,263$14,339,815
54$14,898,349$13,495,730$13,098,590$15,449,137
55$16,369,739$14,108,779$13,489,150$16,653,033
56$17,989,691$14,750,347$13,891,275$17,965,152
57$19,773,310$15,421,785$14,305,304$19,395,932
58$21,737,241$16,124,507$14,731,585$20,956,848
59$23,899,826$16,859,994$15,170,480$22,660,519
60$26,281,274$17,629,799$15,622,357$24,520,823
61$28,903,856$18,435,551$16,087,597$26,553,023
62$31,792,110$19,278,953$16,566,592$28,773,907
63$34,973,078$20,161,795$17,059,746$31,201,946
64$38,476,557$21,085,948$17,567,473$33,857,458
65$42,335,382$22,053,376$18,090,199$36,762,800
66$46,585,735$23,066,135$18,628,365$39,942,570
67$51,267,487$24,126,383$19,182,422$43,423,839
68$56,424,572$25,236,377$19,752,835$47,236,397
69$62,105,406$26,398,487$20,340,083$51,413,031
70$68,363,340$27,615,195$20,944,657$55,989,828
71$75,257,162$28,889,102$21,567,065$61,006,508
72$82,851,659$30,222,934$22,207,828$66,506,797
73$91,218,219$31,619,549$22,867,481$72,538,827
74$100,435,513$33,081,942$23,546,578$79,155,590
75$110,590,232$34,613,254$24,245,684$86,415,425
76$121,777,906$36,216,774$24,965,385$94,382,565
77$134,103,808$37,895,952$25,706,282$103,127,733
78$147,683,946$39,654,403$26,468,991$112,728,805
79$162,646,157$41,495,917$27,254,151$123,271,532
80$179,131,314$43,424,466$28,062,414$134,850,343
81$197,294,658$45,444,214$28,894,455$147,569,225
82$217,307,260$47,559,527$29,750,965$161,542,698
83$239,357,635$49,774,979$30,632,658$176,896,882
84$263,653,528$52,095,367$31,540,266$193,770,679
85$290,423,866$54,525,719$32,474,543$212,317,073
86$319,920,926$57,071,304$33,436,266$232,704,560
87$352,422,712$59,737,649$34,426,232$255,118,727
88$388,235,579$62,530,545$35,445,262$279,763,995
89$427,697,131$65,456,064$36,494,200$306,865,528
90$471,179,398$68,520,571$37,573,916$336,671,350
91$519,092,358$71,730,740$38,685,303$369,454,668
92$571,887,798$75,093,566$39,829,280$405,516,438
93$630,063,586$78,616,383$41,006,794$445,188,190
94$694,168,365$82,306,880$42,218,815$488,835,135
95$764,806,739$86,173,118$43,466,346$536,859,604
96$842,644,973$90,223,546$44,750,415$589,704,820
97$928,417,286$94,467,027$46,072,080$647,859,066
98$1,022,932,785$98,912,847$47,432,431$711,860,270
99$1,127,083,099$103,570,746$48,832,587$782,301,070
100$1,241,850,797$108,450,934$50,273,700$859,834,377