Can I retire at age 53 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$998,939
2 years$527,361$517,540$508,021$498,792$489,840$460,128
3 years$348,082$338,218$328,723$319,581$310,775$282,008
4 years$258,460$248,626$239,226$230,240$221,647$194,045
5 years$204,701$194,926$185,649$176,846$168,493$142,132
6 years$168,873$159,172$150,032$141,425$133,322$108,226
7 years$143,292$133,672$124,678$116,274$108,427$84,595
8 years$124,114$114,582$105,736$97,539$89,951$67,370
9 years$109,207$99,764$91,071$83,082$75,751$54,399
10 years$97,287$87,937$79,398$71,617$64,544$44,391
11 years$87,542$78,285$69,900$62,328$55,510$36,522
12 years$79,426$70,265$62,035$54,670$48,104$30,245
13 years$72,564$63,499$55,424$48,266$41,947$25,177
14 years$66,688$57,718$49,799$42,845$36,771$21,048
15 years$61,600$52,727$44,962$38,210$32,376$17,656
16 years$57,152$48,376$40,764$34,213$28,614$14,854
17 years$53,231$44,552$37,094$30,740$25,371$12,526
18 years$49,750$41,168$33,862$27,703$22,559$10,583
19 years$46,639$38,154$30,999$25,032$20,107$8,957
20 years$43,843$35,455$28,449$22,671$17,960$7,591
21 years$41,316$33,025$26,168$20,576$16,072$6,440
22 years$39,022$30,828$24,118$18,708$14,407$5,470
23 years$36,931$28,832$22,268$17,038$12,932$4,649
24 years$35,017$27,014$20,595$15,539$11,624$3,955
25 years$33,258$25,351$19,075$14,192$10,460$3,366
26 years$31,638$23,826$17,691$12,976$9,422$2,866
27 years$30,140$22,423$16,427$11,877$8,494$2,442
28 years$28,751$21,129$15,271$10,882$7,665$2,081
29 years$27,461$19,933$14,211$9,979$6,921$1,774
30 years$26,259$18,825$13,237$9,158$6,254$1,512
31 years$25,136$17,796$12,341$8,411$5,654$1,290
32 years$24,086$16,838$11,514$7,730$5,114$1,100
33 years$23,102$15,946$10,751$7,108$4,628$939
34 years$22,178$15,113$10,045$6,540$4,190$801
35 years$21,308$14,335$9,391$6,021$3,795$684
36 years$20,488$13,606$8,785$5,545$3,439$583
37 years$19,715$12,922$8,223$5,109$3,117$498
38 years$18,984$12,281$7,700$4,709$2,826$425
39 years$18,292$11,678$7,214$4,342$2,562$363
40 years$17,636$11,111$6,762$4,005$2,324$310
41 years$17,014$10,576$6,341$3,695$2,109$264
42 years$16,424$10,072$5,948$3,410$1,913$226
43 years$15,862$9,597$5,581$3,148$1,736$193
44 years$15,327$9,148$5,239$2,907$1,576$165
45 years$14,817$8,723$4,919$2,684$1,431$141
46 years$14,332$8,322$4,620$2,479$1,299$120
47 years$13,868$7,941$4,341$2,291$1,180$102
48 years$13,424$7,581$4,079$2,117$1,071$88
49 years$13,001$7,240$3,834$1,956$973$75
50 years$12,595$6,916$3,605$1,808$884$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,900,000, adding $3,132 every year, while hoping to spend $35,277 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: 48/28/24 Blend
52$12,900,000$12,900,000$12,900,000$12,900,000
53$14,219,031$13,535,331$13,335,381$14,804,375
54$15,631,837$14,161,027$13,744,581$15,839,854
55$17,187,568$14,816,201$14,166,308$16,959,900
56$18,900,764$15,502,258$14,600,943$18,175,513
57$20,787,447$16,220,675$15,048,880$19,495,702
58$22,865,275$16,972,996$15,510,526$20,930,360
59$25,153,702$17,760,842$15,986,298$22,490,358
60$27,674,169$18,585,912$16,476,628$24,187,642
61$30,450,299$19,449,987$16,981,960$26,035,343
62$33,508,125$20,354,932$17,502,751$28,047,892
63$36,876,334$21,302,704$18,039,473$30,241,156
64$40,586,537$22,295,354$18,592,613$32,632,577
65$44,673,569$23,335,031$19,162,671$35,241,339
66$49,175,815$24,423,990$19,750,162$38,088,535
67$54,135,575$25,564,592$20,355,620$41,197,366
68$59,599,461$26,759,314$20,979,590$44,593,352
69$65,618,838$28,010,752$21,622,638$48,304,565
70$72,250,309$29,321,629$22,285,346$52,361,889
71$79,556,248$30,694,796$22,968,312$56,799,306
72$87,605,389$32,133,245$23,672,155$61,654,204
73$96,473,477$33,640,112$24,397,510$66,967,727
74$106,243,978$35,218,684$25,145,033$72,785,156
75$117,008,872$36,872,407$25,915,400$79,156,323
76$128,869,517$38,604,896$26,709,306$86,136,078
77$141,937,609$40,419,937$27,527,469$93,784,792
78$156,336,233$42,321,502$28,370,627$102,168,924
79$172,201,028$44,313,755$29,239,543$111,361,632
80$189,681,465$46,401,061$30,135,000$121,443,458
81$208,942,259$48,587,997$31,057,806$132,503,074
82$230,164,922$50,879,361$32,008,795$144,638,110
83$253,549,478$53,280,185$32,988,824$157,956,061
84$279,316,354$55,795,742$33,998,779$172,575,291
85$307,708,452$58,431,564$35,039,568$188,626,139
86$338,993,453$61,193,449$36,112,132$206,252,131
87$373,466,333$64,087,476$37,217,437$225,611,325
88$411,452,158$67,120,021$38,356,479$246,877,786
89$453,309,142$70,297,766$39,530,286$270,243,215
90$499,432,038$73,627,721$40,739,914$295,918,740
91$550,255,859$77,117,232$41,986,454$324,136,895
92$606,259,984$80,774,004$43,271,028$355,153,793
93$667,972,688$84,606,115$44,594,793$389,251,531
94$735,976,125$88,622,038$45,958,941$426,740,829
95$810,911,824$92,830,652$47,364,700$467,963,944
96$893,486,748$97,241,272$48,813,335$513,297,881
97$984,479,964$101,863,662$50,306,150$563,157,927
98$1,084,750,002$106,708,063$51,844,487$618,001,550
99$1,195,242,956$111,785,212$53,429,731$678,332,694
100$1,317,001,417$117,106,367$55,063,307$744,706,509