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

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$974,074
2 years$519,185$509,516$500,145$491,059$482,246$443,770
3 years$342,685$332,974$323,627$314,626$305,956$268,857
4 years$254,453$244,771$235,517$226,670$218,211$182,770
5 years$201,527$191,904$182,771$174,105$165,880$132,190
6 years$166,255$156,704$147,706$139,233$131,255$99,338
7 years$141,070$131,600$122,745$114,471$106,746$76,591
8 years$122,190$112,805$104,097$96,027$88,556$60,136
9 years$107,513$98,217$89,659$81,794$74,577$47,851
10 years$95,779$86,574$78,167$70,507$63,543$38,462
11 years$86,184$77,071$68,817$61,362$54,649$31,156
12 years$78,195$69,175$61,073$53,823$47,358$25,392
13 years$71,439$62,514$54,565$47,517$41,297$20,795
14 years$65,654$56,824$49,027$42,181$36,201$17,096
15 years$60,645$51,909$44,264$37,618$31,874$14,100
16 years$56,266$47,626$40,132$33,683$28,170$11,658
17 years$52,406$43,862$36,519$30,264$24,978$9,659
18 years$48,979$40,530$33,337$27,274$22,209$8,016
19 years$45,916$37,563$30,518$24,644$19,795$6,662
20 years$43,163$34,905$28,008$22,320$17,682$5,543
21 years$40,676$32,513$25,762$20,257$15,823$4,617
22 years$38,417$30,350$23,744$18,418$14,183$3,848
23 years$36,358$28,385$21,923$16,774$12,732$3,210
24 years$34,474$26,595$20,275$15,299$11,443$2,678
25 years$32,743$24,958$18,779$13,972$10,297$2,236
26 years$31,147$23,457$17,417$12,775$9,276$1,868
27 years$29,672$22,076$16,173$11,693$8,363$1,560
28 years$28,306$20,802$15,035$10,713$7,546$1,304
29 years$27,035$19,624$13,991$9,824$6,814$1,090
30 years$25,852$18,533$13,032$9,016$6,157$911
31 years$24,747$17,520$12,150$8,281$5,566$762
32 years$23,713$16,577$11,336$7,610$5,035$637
33 years$22,744$15,699$10,584$6,998$4,557$533
34 years$21,834$14,879$9,889$6,439$4,126$446
35 years$20,977$14,112$9,246$5,927$3,737$373
36 years$20,171$13,395$8,649$5,459$3,386$312
37 years$19,409$12,722$8,095$5,030$3,068$261
38 years$18,689$12,090$7,581$4,636$2,782$218
39 years$18,008$11,497$7,103$4,275$2,523$183
40 years$17,363$10,938$6,657$3,943$2,288$153
41 years$16,751$10,412$6,242$3,638$2,076$128
42 years$16,169$9,916$5,856$3,357$1,884$107
43 years$15,616$9,448$5,495$3,099$1,710$90
44 years$15,089$9,006$5,158$2,861$1,552$75
45 years$14,588$8,588$4,843$2,643$1,409$63
46 years$14,109$8,193$4,549$2,441$1,279$52
47 years$13,653$7,818$4,273$2,255$1,161$44
48 years$13,216$7,464$4,016$2,084$1,055$37
49 years$12,799$7,127$3,775$1,926$958$31
50 years$12,400$6,808$3,549$1,780$870$26

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 $6,535 every year, while hoping to spend $28,622 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: 55/27/18 Blend
52$12,700,000$12,700,000$12,700,000$12,700,000
53$14,002,141$13,329,041$13,132,191$14,704,355
54$15,399,906$13,951,710$13,541,666$15,806,877
55$16,939,283$14,603,931$13,963,899$17,003,242
56$18,634,688$15,287,121$14,399,287$18,305,397
57$20,502,003$16,002,767$14,848,240$19,723,464
58$22,558,731$16,752,427$15,311,180$21,268,574
59$24,824,160$17,537,734$15,788,543$22,952,958
60$27,319,542$18,360,401$16,280,777$24,790,068
61$30,068,298$19,222,223$16,788,345$26,794,693
62$33,096,235$20,125,083$17,311,725$28,983,097
63$36,431,792$21,070,953$17,851,409$31,373,167
64$40,106,308$22,061,902$18,407,905$33,984,578
65$44,154,316$23,100,101$18,981,734$36,838,972
66$48,613,872$24,187,821$19,573,438$39,960,160
67$53,526,910$25,327,448$20,183,572$43,374,338
68$58,939,643$26,521,481$20,812,710$47,110,328
69$64,902,994$27,772,541$21,461,443$51,199,848
70$71,473,079$29,083,375$22,130,381$55,677,802
71$78,711,737$30,456,865$22,820,152$60,582,603
72$86,687,113$31,896,030$23,531,406$65,956,530
73$95,474,301$33,404,038$24,264,811$71,846,119
74$105,156,053$34,984,208$25,021,055$78,302,595
75$115,823,560$36,640,024$25,800,850$85,382,347
76$127,577,312$38,375,135$26,604,928$93,147,453
77$140,528,049$40,193,368$27,434,044$101,666,257
78$154,797,804$42,098,736$28,288,978$111,014,004
79$170,521,055$44,095,449$29,170,534$121,273,543
80$187,845,994$46,187,917$30,079,538$132,536,097
81$206,935,928$48,380,768$31,016,845$144,902,117
82$227,970,820$50,678,853$31,983,336$158,482,214
83$251,148,984$53,087,257$32,979,919$173,398,199
84$276,688,963$55,611,315$34,007,529$189,784,213
85$304,831,587$58,256,620$35,067,131$207,787,988
86$335,842,250$61,029,036$36,159,721$227,572,226
87$370,013,413$63,934,712$37,286,325$249,316,120
88$407,667,365$66,980,096$38,448,001$273,217,032
89$449,159,266$70,171,951$39,645,839$299,492,343
90$494,880,501$73,517,366$40,880,964$328,381,490
91$545,262,372$77,023,777$42,154,536$360,148,207
92$600,780,172$80,698,980$43,467,751$395,082,998
93$661,957,670$84,551,151$44,821,841$433,505,866
94$729,372,057$88,588,862$46,218,078$475,769,311
95$803,659,395$92,821,104$47,657,772$522,261,641
96$885,520,621$97,257,305$49,142,274$573,410,615
97$975,728,162$101,907,351$50,672,978$629,687,461
98$1,075,133,232$106,781,609$52,251,321$691,611,303
99$1,184,673,864$111,890,951$53,878,783$759,754,039
100$1,305,383,768$117,246,777$55,556,892$834,745,713