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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$963,319
2 years$511,009$501,492$492,268$483,326$474,651$441,282
3 years$337,289$327,731$318,530$309,671$301,138$268,897
4 years$250,446$240,917$231,808$223,101$214,774$183,907
5 years$198,353$188,882$179,893$171,363$163,268$133,856
6 years$163,636$154,236$145,380$137,040$129,188$101,257
7 years$138,848$129,527$120,812$112,668$105,065$78,609
8 years$120,266$111,029$102,458$94,515$87,161$62,161
9 years$105,820$96,670$88,247$80,506$73,402$49,827
10 years$94,271$85,210$76,936$69,397$62,543$40,355
11 years$84,827$75,858$67,733$60,396$53,789$32,946
12 years$76,963$68,086$60,111$52,975$46,612$27,067
13 years$70,314$61,530$53,705$46,769$40,647$22,349
14 years$64,620$55,929$48,255$41,516$35,631$18,528
15 years$59,690$51,092$43,567$37,025$31,372$15,412
16 years$55,380$46,876$39,500$33,152$27,727$12,854
17 years$51,581$43,171$35,944$29,787$24,584$10,744
18 years$48,208$39,892$32,812$26,844$21,859$8,997
19 years$45,193$36,971$30,038$24,256$19,484$7,546
20 years$42,484$34,356$27,567$21,968$17,403$6,337
21 years$40,035$32,001$25,356$19,938$15,574$5,327
22 years$37,812$29,872$23,370$18,128$13,960$4,482
23 years$35,786$27,938$21,578$16,509$12,531$3,774
24 years$33,931$26,176$19,956$15,058$11,263$3,179
25 years$32,227$24,565$18,483$13,752$10,135$2,680
26 years$30,657$23,087$17,142$12,574$9,129$2,260
27 years$29,205$21,728$15,918$11,509$8,231$1,907
28 years$27,860$20,474$14,798$10,545$7,427$1,609
29 years$26,609$19,315$13,771$9,670$6,706$1,358
30 years$25,445$18,241$12,827$8,874$6,060$1,147
31 years$24,357$17,244$11,958$8,150$5,478$968
32 years$23,340$16,316$11,157$7,490$4,956$818
33 years$22,386$15,452$10,418$6,888$4,485$691
34 years$21,490$14,645$9,734$6,338$4,061$584
35 years$20,647$13,890$9,100$5,834$3,678$493
36 years$19,853$13,184$8,513$5,373$3,332$417
37 years$19,103$12,522$7,968$4,951$3,020$352
38 years$18,395$11,900$7,462$4,563$2,738$298
39 years$17,725$11,316$6,991$4,207$2,483$251
40 years$17,089$10,766$6,552$3,881$2,252$212
41 years$16,487$10,248$6,144$3,580$2,043$180
42 years$15,914$9,760$5,763$3,304$1,854$152
43 years$15,370$9,299$5,408$3,050$1,683$128
44 years$14,852$8,864$5,077$2,816$1,527$108
45 years$14,358$8,453$4,767$2,601$1,387$92
46 years$13,887$8,064$4,477$2,403$1,259$77
47 years$13,438$7,695$4,206$2,220$1,143$65
48 years$13,008$7,346$3,953$2,051$1,038$55
49 years$12,597$7,015$3,715$1,896$943$47
50 years$12,204$6,701$3,493$1,752$856$40

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 $5,248 every year, while hoping to spend $59,143 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: 46/45/9 Blend
52$12,500,000$12,500,000$12,500,000$12,500,000
53$13,780,413$13,117,913$12,924,163$14,379,629
54$15,123,088$13,697,763$13,294,195$15,373,314
55$16,600,733$14,304,044$13,674,641$16,444,087
56$18,227,053$14,937,987$14,065,787$17,604,284
57$20,017,149$15,600,885$14,467,927$18,862,197
58$21,987,659$16,294,089$14,881,363$20,226,927
59$24,156,917$17,019,017$15,306,406$21,708,466
60$26,545,124$17,777,150$15,743,372$23,317,784
61$29,174,542$18,570,045$16,192,590$25,066,930
62$32,069,696$19,399,329$16,654,393$26,969,138
63$35,257,617$20,266,707$17,129,127$29,038,944
64$38,768,084$21,173,967$17,617,143$31,292,324
65$42,633,917$22,122,979$18,118,805$33,746,829
66$46,891,276$23,115,705$18,634,485$36,421,753
67$51,580,009$24,154,198$19,164,564$39,338,299
68$56,744,028$25,240,611$19,709,434$42,519,778
69$62,431,715$26,377,198$20,269,497$45,991,822
70$68,696,391$27,566,321$20,845,165$49,782,610
71$75,596,808$28,810,456$21,436,863$53,923,134
72$83,197,709$30,112,194$22,045,025$58,447,478
73$91,570,437$31,474,254$22,670,096$63,393,133
74$100,793,611$32,899,482$23,312,533$68,801,336
75$110,953,863$34,390,860$23,972,806$74,717,456
76$122,146,658$35,951,513$24,651,396$81,191,407
77$134,477,197$37,584,717$25,348,797$88,278,109
78$148,061,405$39,293,902$26,065,516$96,037,993
79$163,027,030$41,082,665$26,802,073$104,537,565
80$179,514,844$42,954,773$27,559,000$113,850,012
81$197,679,976$44,914,175$28,336,844$124,055,887
82$217,693,372$46,965,008$29,136,167$135,243,852
83$239,743,411$49,111,608$29,957,543$147,511,500
84$264,037,681$51,358,518$30,801,563$160,966,263
85$290,804,940$53,710,502$31,668,831$175,726,406
86$320,297,275$56,172,548$32,559,968$191,922,132
87$352,792,481$58,749,886$33,475,611$209,696,788
88$388,596,682$61,447,998$34,416,411$229,208,203
89$428,047,221$64,272,628$35,383,039$250,630,157
90$471,515,846$67,229,795$36,376,179$274,154,003
91$519,412,217$70,325,809$37,396,535$299,990,449
92$572,187,773$73,567,284$38,444,829$328,371,528
93$630,339,994$76,961,149$39,521,799$359,552,764
94$694,417,097$80,514,669$40,628,203$393,815,559
95$765,023,211$84,235,458$41,764,818$431,469,825
96$842,824,080$88,131,497$42,932,441$472,856,881
97$928,553,344$92,211,149$44,131,886$518,352,651
98$1,023,019,472$96,483,181$45,363,991$568,371,179
99$1,127,113,386$100,956,785$46,629,612$623,368,511
100$1,241,816,876$105,641,592$47,929,629$683,846,964