Can I retire at age 53 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$957,909
2 years$506,921$497,480$488,330$479,459$470,854$440,013
3 years$334,590$325,109$315,982$307,194$298,729$268,900
4 years$248,442$238,989$229,954$221,316$213,056$184,466
5 years$196,766$187,371$178,454$169,992$161,962$134,689
6 years$162,327$153,002$144,217$135,944$128,155$102,222
7 years$137,738$128,491$119,845$111,767$104,224$79,630
8 years$119,304$110,140$101,638$93,759$86,464$63,192
9 years$104,974$95,897$87,541$79,861$72,815$50,840
10 years$93,517$84,529$76,320$68,841$62,042$41,331
11 years$84,149$75,251$67,191$59,913$53,358$33,873
12 years$76,348$67,541$59,630$52,551$46,239$27,940
13 years$69,752$61,037$53,276$46,395$40,322$23,164
14 years$64,103$55,481$47,869$41,184$35,346$19,285
15 years$59,212$50,683$43,219$36,729$31,121$16,109
16 years$54,937$46,501$39,184$32,887$27,505$13,494
17 years$51,168$42,826$35,656$29,549$24,388$11,329
18 years$47,822$39,573$32,549$26,629$21,684$9,529
19 years$44,832$36,676$29,797$24,062$19,328$8,029
20 years$42,144$34,081$27,347$21,793$17,264$6,773
21 years$39,715$31,745$25,154$19,778$15,449$5,720
22 years$37,510$29,633$23,183$17,983$13,848$4,835
23 years$35,499$27,715$21,405$16,377$12,431$4,091
24 years$33,659$25,967$19,796$14,937$11,173$3,463
25 years$31,969$24,369$18,335$13,641$10,054$2,933
26 years$30,411$22,903$17,005$12,473$9,056$2,486
27 years$28,972$21,554$15,791$11,417$8,165$2,107
28 years$27,637$20,310$14,680$10,460$7,368$1,787
29 years$26,397$19,160$13,661$9,592$6,653$1,516
30 years$25,241$18,095$12,724$8,803$6,011$1,286
31 years$24,162$17,106$11,863$8,085$5,435$1,091
32 years$23,153$16,186$11,068$7,431$4,916$926
33 years$22,207$15,328$10,334$6,833$4,449$786
34 years$21,318$14,527$9,656$6,287$4,028$668
35 years$20,482$13,779$9,027$5,787$3,648$567
36 years$19,694$13,078$8,445$5,330$3,306$481
37 years$18,951$12,421$7,904$4,911$2,996$409
38 years$18,248$11,805$7,402$4,527$2,716$347
39 years$17,583$11,225$6,935$4,174$2,463$295
40 years$16,953$10,680$6,500$3,850$2,234$251
41 years$16,355$10,166$6,095$3,552$2,027$213
42 years$15,787$9,682$5,717$3,278$1,839$181
43 years$15,247$9,225$5,365$3,026$1,669$154
44 years$14,733$8,793$5,036$2,794$1,515$130
45 years$14,243$8,385$4,729$2,580$1,375$111
46 years$13,776$7,999$4,441$2,383$1,249$94
47 years$13,330$7,634$4,172$2,202$1,134$80
48 years$12,904$7,287$3,921$2,035$1,030$68
49 years$12,497$6,959$3,685$1,880$935$58
50 years$12,107$6,648$3,465$1,738$850$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,400,000, adding $4,541 every year, while hoping to spend $29,282 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: 56/17/27 Blend
52$12,400,000$12,400,000$12,400,000$12,400,000
53$13,669,484$13,012,284$12,820,084$14,333,224
54$15,032,616$13,618,730$13,218,401$15,396,406
55$16,533,805$14,253,911$13,629,080$16,550,762
56$18,187,104$14,919,203$14,052,505$17,807,918
57$20,007,995$15,616,050$14,489,070$19,177,794
58$22,013,539$16,345,966$14,939,183$20,671,303
59$24,222,538$17,110,536$15,403,264$22,300,449
60$26,655,709$17,911,424$15,881,745$24,078,433
61$29,335,881$18,750,374$16,375,074$26,019,779
62$32,288,212$19,629,213$16,883,709$28,140,468
63$35,540,422$20,549,857$17,408,126$30,458,080
64$39,123,061$21,514,316$17,948,814$32,991,963
65$43,069,790$22,524,694$18,506,276$35,763,406
66$47,417,705$23,583,201$19,081,033$38,795,841
67$52,207,684$24,692,150$19,673,621$42,115,056
68$57,484,772$25,853,970$20,284,591$45,749,438
69$63,298,608$27,071,203$20,914,514$49,730,231
70$69,703,892$28,346,519$21,563,976$54,091,833
71$76,760,904$29,682,712$22,233,584$58,872,110
72$84,536,067$31,082,717$22,923,960$64,112,751
73$93,102,583$32,549,607$23,635,749$69,859,659
74$102,541,113$34,086,605$24,369,614$76,163,371
75$112,940,549$35,697,091$25,126,239$83,079,537
76$124,398,845$37,384,608$25,906,328$90,669,436
77$137,023,946$39,152,872$26,710,608$99,000,547
78$150,934,804$41,005,779$27,539,829$108,147,184
79$166,262,504$42,947,411$28,394,763$118,191,184
80$183,151,498$44,982,053$29,276,206$129,222,679
81$201,760,971$47,114,194$30,184,980$141,340,934
82$222,266,343$49,348,543$31,121,930$154,655,281
83$244,860,925$51,690,036$32,087,929$169,286,139
84$269,757,741$54,143,850$33,083,877$185,366,145
85$297,191,544$56,715,412$34,110,700$203,041,396
86$327,421,028$59,410,414$35,169,355$222,472,818
87$360,731,272$62,234,823$36,260,828$243,837,680
88$397,436,430$65,194,898$37,386,133$267,331,252
89$437,882,697$68,297,198$38,546,320$293,168,639
90$482,451,577$71,548,606$39,742,466$321,586,805
91$531,563,485$74,956,335$40,975,687$352,846,794
92$585,681,717$78,527,952$42,247,128$387,236,183
93$645,316,818$82,271,388$43,557,973$425,071,786
94$711,031,411$86,194,963$44,909,442$466,702,632
95$783,445,498$90,307,400$46,302,793$512,513,245
96$863,242,323$94,617,846$47,739,320$562,927,259
97$951,174,813$99,135,894$49,220,360$618,411,407
98$1,048,072,693$103,871,601$50,747,291$679,479,905
99$1,154,850,315$108,835,517$52,321,533$746,699,297
100$1,272,515,292$114,038,703$53,944,549$820,693,782