Can I retire at age 53 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$993,597
2 years$523,273$513,528$504,083$494,925$486,043$458,936
3 years$345,384$335,596$326,175$317,104$308,366$282,094
4 years$256,456$246,699$237,372$228,455$219,929$194,693
5 years$203,114$193,415$184,210$175,476$167,186$143,057
6 years$167,564$157,938$148,869$140,329$132,289$109,289
7 years$142,181$132,636$123,711$115,372$107,586$85,717
8 years$123,152$113,693$104,917$96,783$89,253$68,504
9 years$108,360$98,991$90,365$82,438$75,164$55,516
10 years$96,533$87,255$78,782$71,062$64,044$45,473
11 years$86,863$77,678$69,359$61,845$55,080$37,557
12 years$78,810$69,720$61,554$54,247$47,731$31,225
13 years$72,002$63,006$54,994$47,892$41,622$26,098
14 years$66,171$57,271$49,413$42,513$36,486$21,908
15 years$61,122$52,318$44,613$37,914$32,125$18,456
16 years$56,709$48,001$40,448$33,948$28,392$15,593
17 years$52,819$44,207$36,806$30,502$25,174$13,207
18 years$49,365$40,849$33,599$27,488$22,384$11,209
19 years$46,278$37,859$30,759$24,838$19,951$9,529
20 years$43,503$35,180$28,229$22,496$17,821$8,112
21 years$40,996$32,769$25,965$20,416$15,948$6,915
22 years$38,720$30,589$23,931$18,563$14,295$5,900
23 years$36,645$28,609$22,096$16,906$12,832$5,039
24 years$34,745$26,805$20,435$15,419$11,534$4,307
25 years$33,000$25,155$18,927$14,082$10,378$3,683
26 years$31,392$23,642$17,554$12,875$9,349$3,151
27 years$29,906$22,249$16,300$11,785$8,428$2,698
28 years$28,528$20,966$15,153$10,798$7,605$2,310
29 years$27,248$19,779$14,101$9,902$6,867$1,979
30 years$26,055$18,679$13,135$9,087$6,205$1,696
31 years$24,942$17,658$12,245$8,346$5,610$1,454
32 years$23,900$16,708$11,425$7,670$5,075$1,246
33 years$22,923$15,822$10,668$7,053$4,592$1,068
34 years$22,006$14,996$9,967$6,490$4,158$916
35 years$21,143$14,224$9,319$5,974$3,766$786
36 years$20,329$13,500$8,717$5,502$3,412$674
37 years$19,562$12,822$8,159$5,069$3,093$578
38 years$18,837$12,186$7,641$4,673$2,804$496
39 years$18,150$11,587$7,159$4,308$2,543$426
40 years$17,500$11,024$6,710$3,974$2,306$365
41 years$16,882$10,494$6,292$3,666$2,092$313
42 years$16,296$9,994$5,902$3,384$1,898$269
43 years$15,739$9,523$5,538$3,123$1,723$231
44 years$15,208$9,077$5,198$2,884$1,564$198
45 years$14,703$8,656$4,881$2,663$1,420$170
46 years$14,220$8,257$4,584$2,460$1,289$146
47 years$13,760$7,880$4,307$2,273$1,171$125
48 years$13,320$7,522$4,047$2,100$1,063$107
49 years$12,900$7,184$3,804$1,941$965$92
50 years$12,497$6,862$3,577$1,794$877$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,800,000, adding $3,573 every year, while hoping to spend $41,286 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: 55/32/13 Blend
52$12,800,000$12,800,000$12,800,000$12,800,000
53$14,109,286$13,430,886$13,232,486$14,837,688
54$15,504,505$14,045,071$13,631,846$15,946,781
55$17,040,652$14,687,968$14,043,201$17,149,021
56$18,732,060$15,360,939$14,466,909$18,457,122
57$20,594,519$16,065,414$14,903,339$19,881,185
58$22,645,430$16,802,889$15,352,871$21,432,310
59$24,903,967$17,574,934$15,815,896$23,122,699
60$27,391,259$18,383,194$16,292,816$24,965,763
61$30,130,589$19,229,391$16,784,046$26,976,248
62$33,147,611$20,115,333$17,290,014$29,170,368
63$36,470,595$21,042,913$17,811,157$31,565,952
64$40,130,695$22,014,114$18,347,930$34,182,609
65$44,162,238$23,031,018$18,900,798$37,041,906
66$48,603,052$24,095,804$19,470,241$40,167,566
67$53,494,822$25,210,757$20,056,752$43,585,688
68$58,883,481$26,378,271$20,660,841$47,324,986
69$64,819,647$27,600,858$21,283,030$51,417,051
70$71,359,099$28,881,148$21,923,860$55,896,647
71$78,563,303$30,221,899$22,583,884$60,802,029
72$86,499,990$31,626,003$23,263,675$66,175,296
73$95,243,802$33,096,489$23,963,820$72,062,786
74$104,876,987$34,636,535$24,684,926$78,515,496
75$115,490,185$36,249,471$25,427,617$85,589,566
76$127,183,275$37,938,786$26,192,533$93,346,789
77$140,066,323$39,708,140$26,980,336$101,855,195
78$154,260,617$41,561,368$27,791,707$111,189,675
79$169,899,817$43,502,492$28,627,346$121,432,685
80$187,131,210$45,535,726$29,487,974$132,675,007
81$206,117,107$47,665,490$30,374,334$145,016,601
82$227,036,368$49,896,415$31,287,191$158,567,532
83$250,086,096$52,233,358$32,227,330$173,449,001
84$275,483,495$54,681,410$33,195,563$189,794,472
85$303,467,920$57,245,907$34,192,723$207,750,923
86$334,303,138$59,932,446$35,219,668$227,480,217
87$368,279,814$62,746,893$36,277,284$249,160,614
88$405,718,261$65,695,396$37,366,479$272,988,442
89$446,971,457$68,784,404$38,488,189$299,179,932
90$492,428,383$72,020,677$39,643,380$327,973,244
91$542,517,688$75,411,301$40,833,044$359,630,696
92$597,711,744$78,963,706$42,058,203$394,441,223
93$658,531,096$82,685,682$43,319,907$432,723,084
94$725,549,385$86,585,397$44,619,241$474,826,850
95$799,398,754$90,671,414$45,957,317$521,138,688
96$880,775,824$94,952,710$47,335,285$572,083,989
97$970,448,265$99,438,700$48,754,323$628,131,354
98$1,069,262,044$104,139,252$50,215,649$689,797,003
99$1,178,149,412$109,064,715$51,720,513$757,649,615
100$1,298,137,705$114,225,938$53,270,203$832,315,672