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%11.4%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$982,974
2 years$506,921$497,480$488,330$479,459$470,854$464,983
3 years$334,590$325,109$315,982$307,194$298,729$292,988
4 years$248,442$238,989$229,954$221,316$213,056$207,489
5 years$196,766$187,371$178,454$169,992$161,962$156,586
6 years$162,327$153,002$144,217$135,944$128,155$122,977
7 years$137,738$128,491$119,845$111,767$104,224$99,246
8 years$119,304$110,140$101,638$93,759$86,464$81,686
9 years$104,974$95,897$87,541$79,861$72,815$68,237
10 years$93,517$84,529$76,320$68,841$62,042$57,661
11 years$84,149$75,251$67,191$59,913$53,358$49,171
12 years$76,348$67,541$59,630$52,551$46,239$42,242
13 years$69,752$61,037$53,276$46,395$40,322$36,511
14 years$64,103$55,481$47,869$41,184$35,346$31,717
15 years$59,212$50,683$43,219$36,729$31,121$27,670
16 years$54,937$46,501$39,184$32,887$27,505$24,226
17 years$51,168$42,826$35,656$29,549$24,388$21,276
18 years$47,822$39,573$32,549$26,629$21,684$18,735
19 years$44,832$36,676$29,797$24,062$19,328$16,535
20 years$42,144$34,081$27,347$21,793$17,264$14,622
21 years$39,715$31,745$25,154$19,778$15,449$12,953
22 years$37,510$29,633$23,183$17,983$13,848$11,491
23 years$35,499$27,715$21,405$16,377$12,431$10,208
24 years$33,659$25,967$19,796$14,937$11,173$9,079
25 years$31,969$24,369$18,335$13,641$10,054$8,083
26 years$30,411$22,903$17,005$12,473$9,056$7,203
27 years$28,972$21,554$15,791$11,417$8,165$6,423
28 years$27,637$20,310$14,680$10,460$7,368$5,732
29 years$26,397$19,160$13,661$9,592$6,653$5,119
30 years$25,241$18,095$12,724$8,803$6,011$4,574
31 years$24,162$17,106$11,863$8,085$5,435$4,089
32 years$23,153$16,186$11,068$7,431$4,916$3,656
33 years$22,207$15,328$10,334$6,833$4,449$3,271
34 years$21,318$14,527$9,656$6,287$4,028$2,928
35 years$20,482$13,779$9,027$5,787$3,648$2,621
36 years$19,694$13,078$8,445$5,330$3,306$2,347
37 years$18,951$12,421$7,904$4,911$2,996$2,103
38 years$18,248$11,805$7,402$4,527$2,716$1,884
39 years$17,583$11,225$6,935$4,174$2,463$1,688
40 years$16,953$10,680$6,500$3,850$2,234$1,513
41 years$16,355$10,166$6,095$3,552$2,027$1,356
42 years$15,787$9,682$5,717$3,278$1,839$1,216
43 years$15,247$9,225$5,365$3,026$1,669$1,090
44 years$14,733$8,793$5,036$2,794$1,515$978
45 years$14,243$8,385$4,729$2,580$1,375$877
46 years$13,776$7,999$4,441$2,383$1,249$787
47 years$13,330$7,634$4,172$2,202$1,134$706
48 years$12,904$7,287$3,921$2,035$1,030$633
49 years$12,497$6,959$3,685$1,880$935$568
50 years$12,107$6,648$3,465$1,738$850$510

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 $4,130 every year, while hoping to spend $59,993 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: 74/7/19 Blend
52$12,400,000$12,400,000$12,400,000$12,400,000
53$13,669,060$13,011,860$12,819,660$14,619,275
54$14,999,472$13,585,609$13,185,287$15,823,933
55$16,463,575$14,185,461$13,561,151$17,135,905
56$18,074,943$14,812,632$13,947,533$18,572,045
57$19,848,531$15,468,395$14,344,719$20,144,699
58$21,800,819$16,154,083$14,753,004$21,867,462
59$23,949,963$16,871,094$15,172,690$23,755,302
60$26,315,972$17,620,890$15,604,088$25,824,704
61$28,920,892$18,405,005$16,047,516$28,093,822
62$31,789,015$19,225,042$16,503,300$30,582,648
63$34,947,110$20,082,685$16,971,776$33,313,200
64$38,424,673$20,979,694$17,453,288$36,309,729
65$42,254,205$21,917,915$17,948,189$39,598,944
66$46,471,522$22,899,280$18,456,841$43,210,266
67$51,116,087$23,925,815$18,979,615$47,176,098
68$56,231,389$24,999,641$19,516,893$51,532,134
69$61,865,347$26,122,980$20,069,066$56,317,694
70$68,070,768$27,298,161$20,636,535$61,576,088
71$74,905,839$28,527,624$21,219,712$67,355,028
72$82,434,681$29,813,924$21,819,018$73,707,074
73$90,727,950$31,159,738$22,434,887$80,690,127
74$99,863,508$32,567,872$23,067,763$88,367,976
75$109,927,155$34,041,267$23,718,102$96,810,892
76$121,013,437$35,583,001$24,386,370$106,096,296
77$133,226,541$37,196,302$25,073,048$116,309,482
78$146,681,279$38,884,551$25,778,625$127,544,420
79$161,504,167$40,651,292$26,503,607$139,904,643
80$177,834,624$42,500,237$27,248,510$153,504,217
81$195,826,284$44,435,277$28,013,863$168,468,819
82$215,648,448$46,460,489$28,800,211$184,936,915
83$237,487,681$48,580,144$29,608,109$203,061,071
84$261,549,574$50,798,720$30,438,130$223,009,382
85$288,060,681$53,120,908$31,290,857$244,967,058
86$317,270,662$55,551,624$32,166,893$269,138,172
87$349,454,636$58,096,020$33,066,851$295,747,577
88$384,915,781$60,759,497$33,991,362$325,043,029
89$423,988,190$63,547,712$34,941,072$357,297,518
90$467,040,032$66,466,596$35,916,644$392,811,844
91$514,477,020$69,522,365$36,918,757$431,917,448
92$566,746,247$72,721,531$37,948,106$474,979,540
93$624,340,401$76,070,923$39,005,405$522,400,540
94$687,802,419$79,577,695$40,091,383$574,623,872
95$757,730,611$83,249,347$41,206,789$632,138,142
96$834,784,306$87,093,739$42,352,390$695,481,751
97$919,690,082$91,119,109$43,528,972$765,247,967
98$1,013,248,617$95,334,092$44,737,339$842,090,519
99$1,116,342,253$99,747,738$45,978,316$926,729,766
100$1,229,943,320$104,369,535$47,252,747$1,019,959,489