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%18.7%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$984,867
2 years$523,273$513,528$504,083$494,925$486,043$450,328
3 years$345,384$335,596$326,175$317,104$308,366$273,881
4 years$256,456$246,699$237,372$228,455$219,929$186,938
5 years$203,114$193,415$184,210$175,476$167,186$135,776
6 years$167,564$157,938$148,869$140,329$132,289$102,483
7 years$142,181$132,636$123,711$115,372$107,586$79,379
8 years$123,152$113,693$104,917$96,783$89,253$62,622
9 years$108,360$98,991$90,365$82,438$75,164$50,074
10 years$96,533$87,255$78,782$71,062$64,044$40,453
11 years$86,863$77,678$69,359$61,845$55,080$32,940
12 years$78,810$69,720$61,554$54,247$47,731$26,990
13 years$72,002$63,006$54,994$47,892$41,622$22,225
14 years$66,171$57,271$49,413$42,513$36,486$18,374
15 years$61,122$52,318$44,613$37,914$32,125$15,240
16 years$56,709$48,001$40,448$33,948$28,392$12,674
17 years$52,819$44,207$36,806$30,502$25,174$10,563
18 years$49,365$40,849$33,599$27,488$22,384$8,819
19 years$46,278$37,859$30,759$24,838$19,951$7,374
20 years$43,503$35,180$28,229$22,496$17,821$6,173
21 years$40,996$32,769$25,965$20,416$15,948$5,174
22 years$38,720$30,589$23,931$18,563$14,295$4,339
23 years$36,645$28,609$22,096$16,906$12,832$3,642
24 years$34,745$26,805$20,435$15,419$11,534$3,059
25 years$33,000$25,155$18,927$14,082$10,378$2,570
26 years$31,392$23,642$17,554$12,875$9,349$2,161
27 years$29,906$22,249$16,300$11,785$8,428$1,817
28 years$28,528$20,966$15,153$10,798$7,605$1,528
29 years$27,248$19,779$14,101$9,902$6,867$1,286
30 years$26,055$18,679$13,135$9,087$6,205$1,082
31 years$24,942$17,658$12,245$8,346$5,610$911
32 years$23,900$16,708$11,425$7,670$5,075$767
33 years$22,923$15,822$10,668$7,053$4,592$645
34 years$22,006$14,996$9,967$6,490$4,158$543
35 years$21,143$14,224$9,319$5,974$3,766$458
36 years$20,329$13,500$8,717$5,502$3,412$385
37 years$19,562$12,822$8,159$5,069$3,093$325
38 years$18,837$12,186$7,641$4,673$2,804$273
39 years$18,150$11,587$7,159$4,308$2,543$230
40 years$17,500$11,024$6,710$3,974$2,306$194
41 years$16,882$10,494$6,292$3,666$2,092$163
42 years$16,296$9,994$5,902$3,384$1,898$138
43 years$15,739$9,523$5,538$3,123$1,723$116
44 years$15,208$9,077$5,198$2,884$1,564$98
45 years$14,703$8,656$4,881$2,663$1,420$82
46 years$14,220$8,257$4,584$2,460$1,289$69
47 years$13,760$7,880$4,307$2,273$1,171$58
48 years$13,320$7,522$4,047$2,100$1,063$49
49 years$12,900$7,184$3,804$1,941$965$41
50 years$12,497$6,862$3,577$1,794$877$35

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 $3,475 every year, while hoping to spend $53,207 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: 83/11/6 Blend
52$12,800,000$12,800,000$12,800,000$12,800,000
53$14,109,184$13,430,784$13,232,384$15,275,095
54$15,491,709$14,032,281$13,619,058$16,638,561
55$17,013,469$14,661,468$14,016,901$18,127,890
56$18,688,608$15,319,645$14,426,232$19,761,572
57$20,532,714$16,008,176$14,847,379$21,554,041
58$22,562,962$16,728,487$15,280,677$23,521,194
59$24,798,276$17,482,075$15,726,472$25,680,532
60$27,259,510$18,270,507$16,185,119$28,051,334
61$29,969,641$19,095,423$16,656,982$30,654,828
62$32,953,991$19,958,545$17,142,437$33,514,396
63$36,240,459$20,861,674$17,641,869$36,655,788
64$39,859,789$21,806,699$18,155,675$40,107,369
65$43,845,858$22,795,599$18,684,261$43,900,379
66$48,235,999$23,830,447$19,228,047$48,069,227
67$53,071,347$24,913,414$19,787,463$52,651,817
68$58,397,231$26,046,779$20,362,950$57,689,901
69$64,263,603$27,232,925$20,954,963$63,229,470
70$70,725,505$28,474,353$21,563,969$69,321,188
71$77,843,592$29,773,682$22,190,447$76,020,865
72$85,684,703$31,133,656$22,834,891$83,389,983
73$94,322,490$32,557,153$23,497,808$91,496,273
74$103,838,117$34,047,187$24,179,717$100,414,352
75$114,321,022$35,606,916$24,881,155$110,226,425
76$125,869,764$37,239,652$25,602,671$121,023,054
77$138,592,948$38,948,864$26,344,829$132,904,014
78$152,610,258$40,738,187$27,108,210$145,979,229
79$168,053,580$42,611,434$27,893,411$160,369,808
80$185,068,249$44,572,598$28,701,043$176,209,181
81$203,814,420$46,625,865$29,531,738$193,644,359
82$224,468,580$48,775,621$30,386,141$212,837,315
83$247,225,215$51,026,467$31,264,916$233,966,508
84$272,298,643$53,383,220$32,168,747$257,228,566
85$299,925,040$55,850,932$33,098,335$282,840,135
86$330,364,664$58,434,899$34,054,400$311,039,920
87$363,904,320$61,140,668$35,037,682$342,090,937
88$400,860,057$63,974,058$36,048,941$376,282,982
89$441,580,162$66,941,165$37,088,959$413,935,369
90$486,448,436$70,048,380$38,158,537$455,399,938
91$535,887,829$73,302,403$39,258,500$501,064,364
92$590,364,421$76,710,254$40,389,693$551,355,818
93$650,391,831$80,279,296$41,552,987$606,744,990
94$716,536,059$84,017,243$42,749,273$667,750,523
95$789,420,832$87,932,183$43,979,470$734,943,907
96$869,733,493$92,032,596$45,244,517$808,954,863
97$958,231,484$96,327,368$46,545,384$890,477,280
98$1,055,749,504$100,825,817$47,883,063$980,275,761
99$1,163,207,382$105,537,711$49,258,574$1,079,192,827
100$1,281,618,763$110,473,287$50,672,964$1,188,156,866