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%13%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,007,935
2 years$523,273$513,528$504,083$494,925$486,043$473,209
3 years$345,384$335,596$326,175$317,104$308,366$295,851
4 years$256,456$246,699$237,372$228,455$219,929$207,830
5 years$203,114$193,415$184,210$175,476$167,186$155,539
6 years$167,564$157,938$148,869$140,329$132,289$121,107
7 years$142,181$132,636$123,711$115,372$107,586$96,873
8 years$123,152$113,693$104,917$96,783$89,253$79,009
9 years$108,360$98,991$90,365$82,438$75,164$65,384
10 years$96,533$87,255$78,782$71,062$64,044$54,720
11 years$86,863$77,678$69,359$61,845$55,080$46,205
12 years$78,810$69,720$61,554$54,247$47,731$39,295
13 years$72,002$63,006$54,994$47,892$41,622$33,615
14 years$66,171$57,271$49,413$42,513$36,486$28,895
15 years$61,122$52,318$44,613$37,914$32,125$24,938
16 years$56,709$48,001$40,448$33,948$28,392$21,596
17 years$52,819$44,207$36,806$30,502$25,174$18,756
18 years$49,365$40,849$33,599$27,488$22,384$16,329
19 years$46,278$37,859$30,759$24,838$19,951$14,247
20 years$43,503$35,180$28,229$22,496$17,821$12,452
21 years$40,996$32,769$25,965$20,416$15,948$10,900
22 years$38,720$30,589$23,931$18,563$14,295$9,555
23 years$36,645$28,609$22,096$16,906$12,832$8,385
24 years$34,745$26,805$20,435$15,419$11,534$7,366
25 years$33,000$25,155$18,927$14,082$10,378$6,477
26 years$31,392$23,642$17,554$12,875$9,349$5,699
27 years$29,906$22,249$16,300$11,785$8,428$5,019
28 years$28,528$20,966$15,153$10,798$7,605$4,422
29 years$27,248$19,779$14,101$9,902$6,867$3,898
30 years$26,055$18,679$13,135$9,087$6,205$3,438
31 years$24,942$17,658$12,245$8,346$5,610$3,033
32 years$23,900$16,708$11,425$7,670$5,075$2,677
33 years$22,923$15,822$10,668$7,053$4,592$2,363
34 years$22,006$14,996$9,967$6,490$4,158$2,087
35 years$21,143$14,224$9,319$5,974$3,766$1,844
36 years$20,329$13,500$8,717$5,502$3,412$1,629
37 years$19,562$12,822$8,159$5,069$3,093$1,440
38 years$18,837$12,186$7,641$4,673$2,804$1,272
39 years$18,150$11,587$7,159$4,308$2,543$1,125
40 years$17,500$11,024$6,710$3,974$2,306$994
41 years$16,882$10,494$6,292$3,666$2,092$879
42 years$16,296$9,994$5,902$3,384$1,898$777
43 years$15,739$9,523$5,538$3,123$1,723$688
44 years$15,208$9,077$5,198$2,884$1,564$608
45 years$14,703$8,656$4,881$2,663$1,420$538
46 years$14,220$8,257$4,584$2,460$1,289$476
47 years$13,760$7,880$4,307$2,273$1,171$421
48 years$13,320$7,522$4,047$2,100$1,063$372
49 years$12,900$7,184$3,804$1,941$965$329
50 years$12,497$6,862$3,577$1,794$877$291

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 $5,143 every year, while hoping to spend $39,437 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: 37/43/20 Blend
52$12,800,000$12,800,000$12,800,000$12,800,000
53$14,110,905$13,432,505$13,234,105$14,547,722
54$15,508,257$14,048,737$13,635,487$15,481,504
55$17,046,816$14,693,843$14,048,993$16,485,383
56$18,740,946$15,369,195$14,474,989$17,568,921
57$20,606,470$16,076,234$14,913,849$18,739,298
58$22,660,827$16,816,466$15,365,960$20,004,385
59$24,923,233$17,591,474$15,831,720$21,372,812
60$27,414,860$18,402,914$16,311,540$22,854,044
61$30,159,041$19,252,522$16,805,842$24,458,465
62$33,181,486$20,142,118$17,315,061$26,197,470
63$36,510,526$21,073,611$17,839,645$28,083,564
64$40,177,382$22,049,000$18,380,054$30,130,474
65$44,216,454$23,070,380$18,936,766$32,353,269
66$48,665,653$24,139,949$19,510,267$34,768,501
67$53,566,752$25,260,009$20,101,064$37,394,343
68$58,965,785$26,432,974$20,709,674$40,250,764
69$64,913,479$27,661,374$21,336,632$43,359,697
70$71,465,733$28,947,860$21,982,488$46,745,245
71$78,684,146$30,295,213$22,647,810$50,433,895
72$86,636,598$31,706,348$23,333,180$54,454,761
73$95,397,890$33,184,318$24,039,201$58,839,844
74$105,050,451$34,732,326$24,766,490$63,624,326
75$115,685,115$36,353,728$25,515,686$68,846,890
76$127,401,980$38,052,044$26,287,445$74,550,072
77$140,311,350$39,830,962$27,082,443$80,780,653
78$154,534,779$41,694,350$27,901,375$87,590,082
79$170,206,215$43,646,262$28,744,960$95,034,953
80$187,473,267$45,690,947$29,613,935$103,177,523
81$206,498,599$47,832,862$30,509,060$112,086,281
82$227,461,460$50,076,677$31,431,117$121,836,585
83$250,559,384$52,427,288$32,380,914$132,511,352
84$276,010,046$54,889,831$33,359,281$144,201,825
85$304,053,325$57,469,687$34,367,071$157,008,417
86$334,953,561$60,172,498$35,405,164$171,041,637
87$369,002,056$63,004,182$36,474,469$186,423,117
88$406,519,818$65,970,940$37,575,916$203,286,735
89$447,860,599$69,079,275$38,710,468$221,779,862
90$493,414,225$72,336,004$39,879,114$242,064,726
91$543,610,284$75,748,277$41,082,873$264,319,922
92$598,922,178$79,323,587$42,322,793$288,742,073
93$659,871,589$83,069,792$43,599,956$315,547,658
94$727,033,410$86,995,130$44,915,473$344,975,028
95$801,041,166$91,108,240$46,270,490$377,286,633
96$882,592,999$95,418,178$47,666,186$412,771,460
97$972,458,257$99,934,441$49,103,776$451,747,740
98$1,071,484,756$104,666,985$50,584,508$494,565,909
99$1,180,606,784$109,626,250$52,109,672$541,611,890
100$1,300,853,922$114,823,182$53,680,592$593,310,697