Can I retire at age 53 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$983,451
2 years$519,185$509,516$500,145$491,059$482,246$452,995
3 years$342,685$332,974$323,627$314,626$305,956$277,635
4 years$254,453$244,771$235,517$226,670$218,211$191,037
5 years$201,527$191,904$182,771$174,105$165,880$139,928
6 years$166,255$156,704$147,706$139,233$131,255$106,548
7 years$141,070$131,600$122,745$114,471$106,746$83,284
8 years$122,190$112,805$104,097$96,027$88,556$66,325
9 years$107,513$98,217$89,659$81,794$74,577$53,555
10 years$95,779$86,574$78,167$70,507$63,543$43,702
11 years$86,184$77,071$68,817$61,362$54,649$35,956
12 years$78,195$69,175$61,073$53,823$47,358$29,776
13 years$71,439$62,514$54,565$47,517$41,297$24,787
14 years$65,654$56,824$49,027$42,181$36,201$20,721
15 years$60,645$51,909$44,264$37,618$31,874$17,383
16 years$56,266$47,626$40,132$33,683$28,170$14,623
17 years$52,406$43,862$36,519$30,264$24,978$12,331
18 years$48,979$40,530$33,337$27,274$22,209$10,419
19 years$45,916$37,563$30,518$24,644$19,795$8,818
20 years$43,163$34,905$28,008$22,320$17,682$7,473
21 years$40,676$32,513$25,762$20,257$15,823$6,341
22 years$38,417$30,350$23,744$18,418$14,183$5,385
23 years$36,358$28,385$21,923$16,774$12,732$4,577
24 years$34,474$26,595$20,275$15,299$11,443$3,893
25 years$32,743$24,958$18,779$13,972$10,297$3,314
26 years$31,147$23,457$17,417$12,775$9,276$2,822
27 years$29,672$22,076$16,173$11,693$8,363$2,404
28 years$28,306$20,802$15,035$10,713$7,546$2,048
29 years$27,035$19,624$13,991$9,824$6,814$1,746
30 years$25,852$18,533$13,032$9,016$6,157$1,489
31 years$24,747$17,520$12,150$8,281$5,566$1,270
32 years$23,713$16,577$11,336$7,610$5,035$1,083
33 years$22,744$15,699$10,584$6,998$4,557$924
34 years$21,834$14,879$9,889$6,439$4,126$789
35 years$20,977$14,112$9,246$5,927$3,737$673
36 years$20,171$13,395$8,649$5,459$3,386$574
37 years$19,409$12,722$8,095$5,030$3,068$490
38 years$18,689$12,090$7,581$4,636$2,782$418
39 years$18,008$11,497$7,103$4,275$2,523$357
40 years$17,363$10,938$6,657$3,943$2,288$305
41 years$16,751$10,412$6,242$3,638$2,076$260
42 years$16,169$9,916$5,856$3,357$1,884$222
43 years$15,616$9,448$5,495$3,099$1,710$190
44 years$15,089$9,006$5,158$2,861$1,552$162
45 years$14,588$8,588$4,843$2,643$1,409$138
46 years$14,109$8,193$4,549$2,441$1,279$118
47 years$13,653$7,818$4,273$2,255$1,161$101
48 years$13,216$7,464$4,016$2,084$1,055$86
49 years$12,799$7,127$3,775$1,926$958$74
50 years$12,400$6,808$3,549$1,780$870$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,700,000, adding $3,671 every year, while hoping to spend $34,489 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: 41/38/21 Blend
52$12,700,000$12,700,000$12,700,000$12,700,000
53$13,999,187$13,326,087$13,129,237$14,486,406
54$15,390,408$13,942,369$13,532,370$15,450,875
55$16,922,377$14,587,693$13,947,852$16,490,541
56$18,609,415$15,263,446$14,376,061$17,615,164
57$20,467,302$15,971,080$14,817,385$18,832,537
58$22,513,424$16,712,120$15,272,225$20,151,211
59$24,766,941$17,488,163$15,740,993$21,580,569
60$27,248,968$18,300,882$16,224,115$23,130,909
61$29,982,769$19,152,031$16,722,029$24,813,540
62$32,993,982$20,043,451$17,235,187$26,640,874
63$36,310,857$20,977,069$17,764,055$28,626,546
64$39,964,525$21,954,906$18,309,111$30,785,531
65$43,989,291$22,979,081$18,870,851$33,134,281
66$48,422,957$24,051,814$19,449,783$35,690,871
67$53,307,180$25,175,435$20,046,432$38,475,165
68$58,687,864$26,352,382$20,661,339$41,508,994
69$64,615,594$27,585,216$21,295,061$44,816,353
70$71,146,111$28,876,618$21,948,172$48,423,622
71$78,340,842$30,229,400$22,621,264$52,359,804
72$86,267,477$31,646,510$23,314,946$56,656,790
73$95,000,609$33,131,039$24,029,846$61,349,651
74$104,622,437$34,686,225$24,766,611$66,476,958
75$115,223,541$36,315,466$25,525,909$72,081,136
76$126,903,742$38,022,323$26,308,426$78,208,855
77$139,773,035$39,810,529$27,114,870$84,911,455
78$153,952,638$41,683,998$27,945,971$92,245,422
79$169,576,127$43,646,834$28,802,481$100,272,910
80$186,790,702$45,703,339$29,685,174$109,062,308
81$205,758,575$47,858,024$30,594,849$118,688,878
82$226,658,500$50,115,617$31,532,326$129,235,450
83$249,687,462$52,481,078$32,498,455$140,793,185
84$275,062,538$54,959,606$33,494,108$153,462,426
85$303,022,940$57,556,650$34,520,184$167,353,621
86$333,832,280$60,277,926$35,577,610$182,588,354
87$367,781,054$63,129,426$36,667,342$199,300,475
88$405,189,387$66,117,432$37,790,363$217,637,339
89$446,410,051$69,248,534$38,947,687$237,761,182
90$491,831,801$72,529,636$40,140,359$259,850,633
91$541,883,038$75,967,982$41,369,454$284,102,372
92$597,035,861$79,571,166$42,636,083$310,732,969
93$657,810,515$83,347,149$43,941,388$339,980,906
94$724,780,308$87,304,280$45,286,546$372,108,798
95$798,577,025$91,451,315$46,672,770$407,405,850
96$879,896,883$95,797,431$48,101,310$446,190,559
97$969,507,115$100,352,255$49,573,454$488,813,691
98$1,068,253,204$105,125,879$51,090,528$535,661,565
99$1,177,066,870$110,128,886$52,653,899$587,159,666
100$1,296,974,862$115,372,373$54,264,977$643,776,629