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

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$980,968
2 years$523,273$513,528$504,083$494,925$486,043$446,503
3 years$345,384$335,596$326,175$317,104$308,366$270,253
4 years$256,456$246,699$237,372$228,455$219,929$183,534
5 years$203,114$193,415$184,210$175,476$167,186$132,602
6 years$167,564$157,938$148,869$140,329$132,289$99,538
7 years$142,181$132,636$123,711$115,372$107,586$76,658
8 years$123,152$113,693$104,917$96,783$89,253$60,117
9 years$108,360$98,991$90,365$82,438$75,164$47,777
10 years$96,533$87,255$78,782$71,062$64,044$38,353
11 years$86,863$77,678$69,359$61,845$55,080$31,028
12 years$78,810$69,720$61,554$54,247$47,731$25,254
13 years$72,002$63,006$54,994$47,892$41,622$20,654
14 years$66,171$57,271$49,413$42,513$36,486$16,956
15 years$61,122$52,318$44,613$37,914$32,125$13,964
16 years$56,709$48,001$40,448$33,948$28,392$11,529
17 years$52,819$44,207$36,806$30,502$25,174$9,538
18 years$49,365$40,849$33,599$27,488$22,384$7,904
19 years$46,278$37,859$30,759$24,838$19,951$6,559
20 years$43,503$35,180$28,229$22,496$17,821$5,449
21 years$40,996$32,769$25,965$20,416$15,948$4,531
22 years$38,720$30,589$23,931$18,563$14,295$3,771
23 years$36,645$28,609$22,096$16,906$12,832$3,140
24 years$34,745$26,805$20,435$15,419$11,534$2,616
25 years$33,000$25,155$18,927$14,082$10,378$2,181
26 years$31,392$23,642$17,554$12,875$9,349$1,819
27 years$29,906$22,249$16,300$11,785$8,428$1,517
28 years$28,528$20,966$15,153$10,798$7,605$1,266
29 years$27,248$19,779$14,101$9,902$6,867$1,056
30 years$26,055$18,679$13,135$9,087$6,205$882
31 years$24,942$17,658$12,245$8,346$5,610$736
32 years$23,900$16,708$11,425$7,670$5,075$614
33 years$22,923$15,822$10,668$7,053$4,592$513
34 years$22,006$14,996$9,967$6,490$4,158$428
35 years$21,143$14,224$9,319$5,974$3,766$358
36 years$20,329$13,500$8,717$5,502$3,412$299
37 years$19,562$12,822$8,159$5,069$3,093$250
38 years$18,837$12,186$7,641$4,673$2,804$208
39 years$18,150$11,587$7,159$4,308$2,543$174
40 years$17,500$11,024$6,710$3,974$2,306$145
41 years$16,882$10,494$6,292$3,666$2,092$121
42 years$16,296$9,994$5,902$3,384$1,898$101
43 years$15,739$9,523$5,538$3,123$1,723$85
44 years$15,208$9,077$5,198$2,884$1,564$71
45 years$14,703$8,656$4,881$2,663$1,420$59
46 years$14,220$8,257$4,584$2,460$1,289$49
47 years$13,760$7,880$4,307$2,273$1,171$41
48 years$13,320$7,522$4,047$2,100$1,063$34
49 years$12,900$7,184$3,804$1,941$965$29
50 years$12,497$6,862$3,577$1,794$877$24

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 $5,157 every year, while hoping to spend $52,899 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: 82/11/7 Blend
52$12,800,000$12,800,000$12,800,000$12,800,000
53$14,110,919$13,432,519$13,234,119$15,258,106
54$15,493,949$14,034,429$13,621,178$16,610,952
55$17,016,275$14,664,059$14,019,431$18,088,213
56$18,692,049$15,322,712$14,429,196$19,708,323
57$20,536,866$16,011,752$14,850,802$21,485,555
58$22,567,908$16,732,610$15,284,585$23,435,626
59$24,804,109$17,486,783$15,730,894$25,575,842
60$27,266,333$18,275,840$16,190,083$27,925,265
61$29,977,568$19,101,425$16,662,520$30,504,883
62$32,963,146$19,965,260$17,148,580$33,337,814
63$36,250,980$20,869,152$17,648,651$36,449,518
64$39,871,830$21,814,990$18,163,131$39,868,037
65$43,859,589$22,804,757$18,692,429$43,624,258
66$48,251,606$23,840,529$19,236,964$47,752,200
67$53,089,036$24,924,481$19,797,168$52,289,336
68$58,417,231$26,058,894$20,373,486$57,276,941
69$64,286,164$27,246,156$20,966,374$62,760,485
70$70,750,906$28,488,770$21,576,300$68,790,053
71$77,872,139$29,789,360$22,203,747$75,420,818
72$85,716,734$31,150,676$22,849,210$82,713,560
73$94,358,380$32,575,598$23,513,197$90,735,238
74$103,878,277$34,067,144$24,196,231$99,559,613
75$114,365,907$35,628,480$24,898,851$109,267,950
76$125,919,874$37,262,921$25,621,607$119,949,774
77$138,648,839$38,973,942$26,365,069$131,703,717
78$152,672,540$40,765,184$27,129,818$144,638,442
79$168,122,926$42,640,465$27,916,454$158,873,668
80$185,145,402$44,603,785$28,725,592$174,541,294
81$203,900,200$46,659,337$29,557,866$191,786,643
82$224,563,891$48,811,515$30,413,925$210,769,827
83$247,331,053$51,064,925$31,294,437$231,667,253
84$272,416,108$53,424,394$32,200,088$254,673,288
85$300,055,342$55,894,981$33,131,583$280,002,087
86$330,509,142$58,481,989$34,089,645$307,889,608
87$364,064,446$61,190,979$35,075,020$338,595,837
88$401,037,457$64,027,774$36,088,471$372,407,236
89$441,776,627$66,998,484$37,130,783$409,639,440
90$486,665,941$70,109,509$38,202,764$450,640,234
91$536,128,552$73,367,559$39,305,240$495,792,827
92$590,630,763$76,779,668$40,439,065$545,519,465
93$650,686,438$80,353,209$41,605,111$600,285,410
94$716,861,849$84,095,910$42,804,276$660,603,326
95$789,781,022$88,015,874$44,037,484$727,038,108
96$870,131,627$92,121,593$45,305,681$800,212,214
97$958,671,472$96,421,970$46,609,840$880,811,525
98$1,056,235,653$100,926,338$47,950,961$969,591,819
99$1,163,744,441$105,644,480$49,330,069$1,067,385,892
100$1,282,211,967$110,586,652$50,748,220$1,175,111,415