Can I retire at age 53 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$988,829
2 years$511,009$501,492$492,268$483,326$474,651$466,649
3 years$337,289$327,731$318,530$309,671$301,138$293,320
4 years$250,446$240,917$231,808$223,101$214,774$207,200
5 years$198,353$188,882$179,893$171,363$163,268$155,961
6 years$163,636$154,236$145,380$137,040$129,188$122,157
7 years$138,848$129,527$120,812$112,668$105,065$98,313
8 years$120,266$111,029$102,458$94,515$87,161$80,688
9 years$105,820$96,670$88,247$80,506$73,402$67,207
10 years$94,271$85,210$76,936$69,397$62,543$56,621
11 years$84,827$75,858$67,733$60,396$53,789$48,136
12 years$76,963$68,086$60,111$52,975$46,612$41,224
13 years$70,314$61,530$53,705$46,769$40,647$35,517
14 years$64,620$55,929$48,255$41,516$35,631$30,752
15 years$59,690$51,092$43,567$37,025$31,372$26,739
16 years$55,380$46,876$39,500$33,152$27,727$23,332
17 years$51,581$43,171$35,944$29,787$24,584$20,420
18 years$48,208$39,892$32,812$26,844$21,859$17,918
19 years$45,193$36,971$30,038$24,256$19,484$15,757
20 years$42,484$34,356$27,567$21,968$17,403$13,884
21 years$40,035$32,001$25,356$19,938$15,574$12,253
22 years$37,812$29,872$23,370$18,128$13,960$10,830
23 years$35,786$27,938$21,578$16,509$12,531$9,585
24 years$33,931$26,176$19,956$15,058$11,263$8,492
25 years$32,227$24,565$18,483$13,752$10,135$7,531
26 years$30,657$23,087$17,142$12,574$9,129$6,685
27 years$29,205$21,728$15,918$11,509$8,231$5,938
28 years$27,860$20,474$14,798$10,545$7,427$5,278
29 years$26,609$19,315$13,771$9,670$6,706$4,694
30 years$25,445$18,241$12,827$8,874$6,060$4,177
31 years$24,357$17,244$11,958$8,150$5,478$3,719
32 years$23,340$16,316$11,157$7,490$4,956$3,313
33 years$22,386$15,452$10,418$6,888$4,485$2,951
34 years$21,490$14,645$9,734$6,338$4,061$2,631
35 years$20,647$13,890$9,100$5,834$3,678$2,345
36 years$19,853$13,184$8,513$5,373$3,332$2,091
37 years$19,103$12,522$7,968$4,951$3,020$1,865
38 years$18,395$11,900$7,462$4,563$2,738$1,664
39 years$17,725$11,316$6,991$4,207$2,483$1,485
40 years$17,089$10,766$6,552$3,881$2,252$1,325
41 years$16,487$10,248$6,144$3,580$2,043$1,183
42 years$15,914$9,760$5,763$3,304$1,854$1,056
43 years$15,370$9,299$5,408$3,050$1,683$943
44 years$14,852$8,864$5,077$2,816$1,527$842
45 years$14,358$8,453$4,767$2,601$1,387$752
46 years$13,887$8,064$4,477$2,403$1,259$671
47 years$13,438$7,695$4,206$2,220$1,143$600
48 years$13,008$7,346$3,953$2,051$1,038$536
49 years$12,597$7,015$3,715$1,896$943$478
50 years$12,204$6,701$3,493$1,752$856$427

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,500,000, adding $3,231 every year, while hoping to spend $54,632 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: 68/9/23 Blend
52$12,500,000$12,500,000$12,500,000$12,500,000
53$13,778,333$13,115,833$12,922,083$14,634,569
54$15,125,595$13,700,381$13,296,845$15,793,431
55$16,608,446$14,311,740$13,682,330$17,054,120
56$18,240,660$14,951,168$14,078,840$18,432,010
57$20,037,411$15,619,979$14,486,685$19,938,672
58$22,015,422$16,319,552$14,906,184$21,586,841
59$24,193,116$17,051,332$15,337,662$23,390,539
60$26,590,798$17,816,831$15,781,457$25,365,203
61$29,230,837$18,617,633$16,237,914$27,527,828
62$32,137,885$19,455,400$16,707,387$29,897,129
63$35,339,106$20,331,871$17,190,241$32,493,711
64$38,864,430$21,248,868$17,686,850$35,340,266
65$42,746,841$22,208,302$18,197,598$38,461,780
66$47,022,682$23,212,172$18,722,881$41,885,772
67$51,732,002$24,262,575$19,263,104$45,642,547
68$56,918,933$25,361,708$19,818,684$49,765,482
69$62,632,104$26,511,871$20,390,050$54,291,337
70$68,925,103$27,715,477$20,977,641$59,260,602
71$75,856,980$28,975,052$21,581,909$64,717,873
72$83,492,807$30,293,244$22,203,317$70,712,271
73$91,904,287$31,672,828$22,842,343$77,297,905
74$101,170,438$33,116,710$23,499,475$84,534,377
75$111,378,332$34,627,938$24,175,217$92,487,344
76$122,623,919$36,209,704$24,870,084$101,229,131
77$135,012,934$37,865,354$25,584,606$110,839,414
78$148,661,891$39,598,394$26,319,328$121,405,964
79$163,699,187$41,412,499$27,074,809$133,025,478
80$180,266,312$43,311,519$27,851,623$145,804,481
81$198,519,182$45,299,490$28,650,359$159,860,334
82$218,629,615$47,380,641$29,471,622$175,322,333
83$240,786,948$49,559,406$30,316,034$192,332,926
84$265,199,829$51,840,428$31,184,233$211,049,055
85$292,098,181$54,228,578$32,076,874$231,643,633
86$321,735,375$56,728,959$32,994,630$254,307,167
87$354,390,624$59,346,918$33,938,190$279,249,557
88$390,371,612$62,088,062$34,908,264$306,702,069
89$430,017,406$64,958,266$35,905,580$336,919,512
90$473,701,649$67,963,689$36,930,884$370,182,640
91$521,836,092$71,110,785$37,984,944$406,800,794
92$574,874,480$74,406,320$39,068,547$447,114,820
93$633,316,834$77,857,386$40,182,500$491,500,274
94$697,714,170$81,471,417$41,327,632$540,370,967
95$768,673,703$85,256,205$42,504,796$594,182,858
96$846,864,579$89,219,917$43,714,865$653,438,358
97$933,024,188$93,371,114$44,958,735$718,691,060
98$1,027,965,129$97,718,773$46,237,326$790,550,959
99$1,132,582,878$102,272,299$47,551,583$869,690,204
100$1,247,864,246$107,041,555$48,902,474$956,849,431