Can I retire at age 53 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$967,170
2 years$515,097$505,504$496,207$487,192$478,448$441,026
3 years$339,987$330,352$321,079$312,149$303,547$267,451
4 years$252,449$242,844$233,663$224,886$216,493$181,998
5 years$199,940$190,393$181,332$172,734$164,574$131,770
6 years$164,946$155,470$146,543$138,137$130,222$99,132
7 years$139,959$130,563$121,778$113,570$105,905$76,520
8 years$121,228$111,917$103,277$95,271$87,859$60,152
9 years$106,667$97,444$88,953$81,150$73,990$47,922
10 years$95,025$85,892$77,551$69,952$63,043$38,568
11 years$85,506$76,465$68,275$60,879$54,219$31,283
12 years$77,579$68,630$60,592$53,399$46,985$25,530
13 years$70,877$62,022$54,135$47,143$40,972$20,936
14 years$65,137$56,376$48,641$41,849$35,916$17,237
15 years$60,167$51,501$43,916$37,322$31,623$14,235
16 years$55,823$47,251$39,816$33,417$27,949$11,787
17 years$51,993$43,516$36,231$30,025$24,781$9,780
18 years$48,593$40,211$33,074$27,059$22,034$8,129
19 years$45,555$37,267$30,278$24,450$19,640$6,766
20 years$42,823$34,630$27,788$22,144$17,542$5,639
21 years$40,355$32,257$25,559$20,097$15,698$4,703
22 years$38,115$30,111$23,557$18,273$14,071$3,927
23 years$36,072$28,162$21,751$16,642$12,631$3,280
24 years$34,202$26,386$20,116$15,178$11,353$2,742
25 years$32,485$24,762$18,631$13,862$10,216$2,293
26 years$30,902$23,272$17,279$12,674$9,202$1,918
27 years$29,439$21,902$16,045$11,601$8,297$1,605
28 years$28,083$20,638$14,916$10,629$7,486$1,344
29 years$26,822$19,470$13,881$9,747$6,760$1,125
30 years$25,648$18,387$12,930$8,945$6,108$942
31 years$24,552$17,382$12,054$8,216$5,522$789
32 years$23,526$16,447$11,246$7,550$4,995$661
33 years$22,565$15,575$10,501$6,943$4,521$554
34 years$21,662$14,762$9,811$6,388$4,093$464
35 years$20,812$14,001$9,173$5,881$3,707$389
36 years$20,012$13,289$8,581$5,416$3,359$326
37 years$19,256$12,622$8,032$4,990$3,044$273
38 years$18,542$11,995$7,521$4,600$2,760$229
39 years$17,867$11,406$7,047$4,241$2,503$192
40 years$17,226$10,852$6,605$3,912$2,270$161
41 years$16,619$10,330$6,193$3,609$2,060$135
42 years$16,042$9,838$5,810$3,331$1,869$113
43 years$15,493$9,374$5,451$3,075$1,696$95
44 years$14,971$8,935$5,117$2,839$1,540$79
45 years$14,473$8,520$4,805$2,622$1,398$66
46 years$13,998$8,128$4,513$2,422$1,269$56
47 years$13,545$7,757$4,240$2,237$1,152$47
48 years$13,112$7,405$3,984$2,068$1,046$39
49 years$12,698$7,071$3,745$1,911$950$33
50 years$12,302$6,755$3,521$1,766$863$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,600,000, adding $3,506 every year, while hoping to spend $33,151 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: 29/46/25 Blend
52$12,600,000$12,600,000$12,600,000$12,600,000
53$13,888,816$13,221,016$13,025,716$14,183,558
54$15,270,203$13,833,574$13,426,806$15,026,589
55$16,791,381$14,475,035$13,840,220$15,929,141
56$18,466,572$15,146,783$14,266,338$16,898,811
57$20,311,450$15,850,263$14,705,548$17,941,407
58$22,343,287$16,586,995$15,158,253$19,063,286
59$24,581,113$17,358,569$15,624,866$20,271,402
60$27,045,901$18,166,652$16,105,812$21,573,375
61$29,760,758$19,012,993$16,601,532$22,977,545
62$32,751,150$19,899,425$17,112,478$24,493,052
63$36,045,138$20,827,867$17,639,117$26,129,912
64$39,673,644$21,800,335$18,181,929$27,899,102
65$43,670,742$22,818,938$18,741,411$29,812,660
66$48,073,982$23,885,890$19,318,072$31,883,783
67$52,924,740$25,003,511$19,912,440$34,126,952
68$58,268,613$26,174,232$20,525,055$36,558,052
69$64,155,845$27,400,603$21,156,479$39,194,515
70$70,641,806$28,685,298$21,807,286$42,055,474
71$77,787,510$30,031,117$22,478,069$45,161,934
72$85,660,194$31,440,999$23,169,442$48,536,958
73$94,333,949$32,918,024$23,882,034$52,205,874
74$103,890,425$34,465,419$24,616,495$56,196,500
75$114,419,595$36,086,572$25,373,494$60,539,398
76$126,020,609$37,785,029$26,153,722$65,268,144
77$138,802,728$39,564,513$26,957,889$70,419,635
78$152,886,357$41,428,924$27,786,728$76,034,423
79$168,404,176$43,382,353$28,640,995$82,157,077
80$185,502,401$45,429,086$29,521,467$88,836,597
81$204,342,156$47,573,622$30,428,946$96,126,850
82$225,100,999$49,820,672$31,364,258$104,087,070
83$247,974,596$52,175,180$32,328,256$112,782,391
84$273,178,568$54,642,328$33,321,817$122,284,451
85$300,950,529$57,227,549$34,345,845$132,672,040
86$331,552,324$59,936,540$35,401,271$144,031,830
87$365,272,505$62,775,274$36,489,057$156,459,166
88$402,429,051$65,750,014$37,610,192$170,058,946
89$443,372,377$68,867,326$38,765,696$184,946,588
90$488,488,631$72,134,098$39,956,619$201,249,093
91$538,203,351$75,557,547$41,184,044$219,106,215
92$592,985,471$79,145,246$42,449,088$238,671,761
93$653,351,757$82,905,131$43,752,901$260,115,004
94$719,871,680$86,845,526$45,096,666$283,622,260
95$793,172,793$90,975,159$46,481,607$309,398,610
96$873,946,658$95,303,181$47,908,980$337,669,802
97$962,955,369$99,839,188$49,380,083$368,684,355
98$1,061,038,752$104,593,244$50,896,251$402,715,860
99$1,169,122,291$109,575,900$52,458,862$440,065,531
100$1,288,225,866$114,798,220$54,069,335$481,065,006