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%14.9%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$976,642
2 years$511,009$501,492$492,268$483,326$474,651$454,464
3 years$337,289$327,731$318,530$309,671$301,138$281,518
4 years$250,446$240,917$231,808$223,101$214,774$195,872
5 years$198,353$188,882$179,893$171,363$163,268$145,138
6 years$163,636$154,236$145,380$137,040$129,188$111,851
7 years$138,848$129,527$120,812$112,668$105,065$88,523
8 years$120,266$111,029$102,458$94,515$87,161$71,410
9 years$105,820$96,670$88,247$80,506$73,402$58,431
10 years$94,271$85,210$76,936$69,397$62,543$48,337
11 years$84,827$75,858$67,733$60,396$53,789$40,332
12 years$76,963$68,086$60,111$52,975$46,612$33,884
13 years$70,314$61,530$53,705$46,769$40,647$28,625
14 years$64,620$55,929$48,255$41,516$35,631$24,294
15 years$59,690$51,092$43,567$37,025$31,372$20,695
16 years$55,380$46,876$39,500$33,152$27,727$17,685
17 years$51,581$43,171$35,944$29,787$24,584$15,153
18 years$48,208$39,892$32,812$26,844$21,859$13,012
19 years$45,193$36,971$30,038$24,256$19,484$11,195
20 years$42,484$34,356$27,567$21,968$17,403$9,647
21 years$40,035$32,001$25,356$19,938$15,574$8,325
22 years$37,812$29,872$23,370$18,128$13,960$7,192
23 years$35,786$27,938$21,578$16,509$12,531$6,219
24 years$33,931$26,176$19,956$15,058$11,263$5,383
25 years$32,227$24,565$18,483$13,752$10,135$4,662
26 years$30,657$23,087$17,142$12,574$9,129$4,041
27 years$29,205$21,728$15,918$11,509$8,231$3,504
28 years$27,860$20,474$14,798$10,545$7,427$3,040
29 years$26,609$19,315$13,771$9,670$6,706$2,639
30 years$25,445$18,241$12,827$8,874$6,060$2,291
31 years$24,357$17,244$11,958$8,150$5,478$1,990
32 years$23,340$16,316$11,157$7,490$4,956$1,729
33 years$22,386$15,452$10,418$6,888$4,485$1,503
34 years$21,490$14,645$9,734$6,338$4,061$1,306
35 years$20,647$13,890$9,100$5,834$3,678$1,135
36 years$19,853$13,184$8,513$5,373$3,332$987
37 years$19,103$12,522$7,968$4,951$3,020$858
38 years$18,395$11,900$7,462$4,563$2,738$746
39 years$17,725$11,316$6,991$4,207$2,483$649
40 years$17,089$10,766$6,552$3,881$2,252$565
41 years$16,487$10,248$6,144$3,580$2,043$491
42 years$15,914$9,760$5,763$3,304$1,854$427
43 years$15,370$9,299$5,408$3,050$1,683$372
44 years$14,852$8,864$5,077$2,816$1,527$323
45 years$14,358$8,453$4,767$2,601$1,387$281
46 years$13,887$8,064$4,477$2,403$1,259$245
47 years$13,438$7,695$4,206$2,220$1,143$213
48 years$13,008$7,346$3,953$2,051$1,038$185
49 years$12,597$7,015$3,715$1,896$943$161
50 years$12,204$6,701$3,493$1,752$856$140

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 $5,409 every year, while hoping to spend $23,281 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: 53/18/29 Blend
52$12,500,000$12,500,000$12,500,000$12,500,000
53$13,780,579$13,118,079$12,924,329$14,398,851
54$15,161,428$13,736,094$13,332,524$15,446,588
55$16,682,342$14,383,612$13,753,612$16,583,421
56$18,357,585$15,062,053$14,188,002$17,820,218
57$20,202,873$15,772,908$14,636,114$19,166,567
58$22,235,523$16,517,737$15,098,381$20,633,006
59$24,474,621$17,298,181$15,575,251$22,231,126
60$26,941,195$18,115,955$16,067,185$23,973,671
61$29,658,420$18,972,859$16,574,659$25,874,660
62$32,651,832$19,870,783$17,098,164$27,949,511
63$35,949,573$20,811,705$17,638,206$30,215,186
64$39,582,652$21,797,701$18,195,308$32,690,344
65$43,585,240$22,830,946$18,770,009$35,395,517
66$47,994,995$23,913,723$19,362,865$38,353,296
67$52,853,413$25,048,424$19,974,449$41,588,541
68$58,206,222$26,237,558$20,605,354$45,128,611
69$64,103,813$27,483,754$21,256,189$49,003,618
70$70,601,716$28,789,772$21,927,586$53,246,703
71$77,761,123$30,158,503$22,620,192$57,894,347
72$85,649,468$31,592,980$23,334,678$62,986,710
73$94,341,060$33,096,382$24,071,737$68,568,000
74$103,917,788$34,672,045$24,832,080$74,686,889
75$114,469,891$36,323,464$25,616,443$81,396,962
76$126,096,812$38,054,306$26,425,587$88,757,221
77$138,908,136$39,868,416$27,260,292$96,832,629
78$153,024,622$41,769,825$28,121,369$105,694,720
79$168,579,347$43,762,760$29,009,648$115,422,269
80$185,718,960$45,851,655$29,925,991$126,102,021
81$204,605,066$48,041,158$30,871,284$137,829,508
82$225,415,752$50,336,144$31,846,441$150,709,936
83$248,347,269$52,741,724$32,852,406$164,859,177
84$273,615,882$55,263,261$33,890,154$180,404,848
85$301,459,915$57,906,374$34,960,687$197,487,505
86$332,141,999$60,676,958$36,065,042$216,261,965
87$365,951,550$63,581,197$37,204,289$236,898,751
88$403,207,504$66,625,571$38,379,528$259,585,697
89$444,261,326$69,816,881$39,591,899$284,529,704
90$489,500,327$73,162,254$40,842,573$311,958,682
91$539,351,323$76,669,167$42,132,762$342,123,692
92$594,284,663$80,345,461$43,463,715$375,301,301
93$654,818,667$84,199,357$44,836,718$411,796,178
94$721,524,525$88,239,479$46,253,102$451,943,958
95$795,031,682$92,474,869$47,714,236$496,114,395
96$876,033,786$96,915,011$49,221,536$544,714,834
97$965,295,235$101,569,849$50,776,460$598,194,044
98$1,063,658,390$106,449,813$52,380,512$657,046,437
99$1,172,051,533$111,565,841$54,035,247$721,816,715
100$1,291,497,626$116,929,404$55,742,264$793,104,996