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%11%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,024,330
2 years$527,361$517,540$508,021$498,792$489,840$485,464
3 years$348,082$338,218$328,723$319,581$310,775$306,493
4 years$258,460$248,626$239,226$230,240$221,647$217,492
5 years$204,701$194,926$185,649$176,846$168,493$164,477
6 years$168,873$159,172$150,032$141,425$133,322$129,451
7 years$143,292$133,672$124,678$116,274$108,427$104,702
8 years$124,114$114,582$105,736$97,539$89,951$86,373
9 years$109,207$99,764$91,071$83,082$75,751$72,319
10 years$97,287$87,937$79,398$71,617$64,544$61,256
11 years$87,542$78,285$69,900$62,328$55,510$52,365
12 years$79,426$70,265$62,035$54,670$48,104$45,098
13 years$72,564$63,499$55,424$48,266$41,947$39,079
14 years$66,688$57,718$49,799$42,845$36,771$34,037
15 years$61,600$52,727$44,962$38,210$32,376$29,772
16 years$57,152$48,376$40,764$34,213$28,614$26,138
17 years$53,231$44,552$37,094$30,740$25,371$23,018
18 years$49,750$41,168$33,862$27,703$22,559$20,326
19 years$46,639$38,154$30,999$25,032$20,107$17,990
20 years$43,843$35,455$28,449$22,671$17,960$15,955
21 years$41,316$33,025$26,168$20,576$16,072$14,175
22 years$39,022$30,828$24,118$18,708$14,407$12,613
23 years$36,931$28,832$22,268$17,038$12,932$11,238
24 years$35,017$27,014$20,595$15,539$11,624$10,025
25 years$33,258$25,351$19,075$14,192$10,460$8,953
26 years$31,638$23,826$17,691$12,976$9,422$8,003
27 years$30,140$22,423$16,427$11,877$8,494$7,159
28 years$28,751$21,129$15,271$10,882$7,665$6,409
29 years$27,461$19,933$14,211$9,979$6,921$5,742
30 years$26,259$18,825$13,237$9,158$6,254$5,147
31 years$25,136$17,796$12,341$8,411$5,654$4,616
32 years$24,086$16,838$11,514$7,730$5,114$4,142
33 years$23,102$15,946$10,751$7,108$4,628$3,718
34 years$22,178$15,113$10,045$6,540$4,190$3,338
35 years$21,308$14,335$9,391$6,021$3,795$2,999
36 years$20,488$13,606$8,785$5,545$3,439$2,694
37 years$19,715$12,922$8,223$5,109$3,117$2,422
38 years$18,984$12,281$7,700$4,709$2,826$2,177
39 years$18,292$11,678$7,214$4,342$2,562$1,958
40 years$17,636$11,111$6,762$4,005$2,324$1,761
41 years$17,014$10,576$6,341$3,695$2,109$1,584
42 years$16,424$10,072$5,948$3,410$1,913$1,425
43 years$15,862$9,597$5,581$3,148$1,736$1,282
44 years$15,327$9,148$5,239$2,907$1,576$1,154
45 years$14,817$8,723$4,919$2,684$1,431$1,038
46 years$14,332$8,322$4,620$2,479$1,299$934
47 years$13,868$7,941$4,341$2,291$1,180$841
48 years$13,424$7,581$4,079$2,117$1,071$757
49 years$13,001$7,240$3,834$1,956$973$682
50 years$12,595$6,916$3,605$1,808$884$614

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 $4,569 every year, while hoping to spend $23,106 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: 61/19/20 Blend
52$12,900,000$12,900,000$12,900,000$12,900,000
53$14,220,513$13,536,813$13,336,863$15,013,696
54$15,646,421$14,175,532$13,759,063$16,189,084
55$17,216,997$14,844,774$14,194,633$17,468,336
56$18,946,972$15,546,010$14,643,995$18,863,969
57$20,852,582$16,280,783$15,107,587$20,387,294
58$22,951,713$17,050,710$15,585,860$22,050,752
59$25,264,080$17,857,486$16,079,278$23,868,028
60$27,811,403$18,702,890$16,588,321$25,854,177
61$30,617,621$19,588,786$17,113,484$28,025,765
62$33,709,110$20,517,129$17,655,278$30,401,018
63$37,114,939$21,489,968$18,214,229$32,999,994
64$40,867,139$22,509,452$18,790,882$35,844,765
65$45,001,007$23,577,836$19,385,797$38,959,625
66$49,555,441$24,697,480$19,999,552$42,371,311
67$54,573,303$25,870,864$20,632,744$46,109,254
68$60,101,828$27,100,585$21,285,989$50,205,851
69$66,193,067$28,389,366$21,959,922$54,696,766
70$72,904,379$29,740,064$22,655,199$59,621,263
71$80,298,974$31,155,675$23,372,496$65,022,567
72$88,446,505$32,639,339$24,112,510$70,948,273
73$97,423,730$34,194,349$24,875,961$77,450,784
74$107,315,237$35,824,158$25,663,592$84,587,802
75$118,214,237$37,532,388$26,476,169$92,422,868
76$130,223,450$39,322,835$27,314,481$101,025,950
77$143,456,071$41,199,483$28,179,345$110,474,104
78$158,036,838$43,166,506$29,071,601$120,852,188
79$174,103,214$45,228,283$29,992,118$132,253,658
80$191,806,678$47,389,405$30,941,790$144,781,443
81$211,314,161$49,654,688$31,921,542$158,548,908
82$232,809,619$52,029,181$32,932,327$173,680,913
83$256,495,767$54,518,178$33,975,127$190,314,989
84$282,595,999$57,127,233$35,050,958$208,602,621
85$311,356,492$59,862,167$36,160,865$228,710,670
86$343,048,529$62,729,088$37,305,929$250,822,941
87$377,971,064$65,734,399$38,487,263$275,141,901
88$416,453,543$68,884,815$39,706,017$301,890,588
89$458,859,012$72,187,379$40,963,376$331,314,696
90$505,587,546$75,649,475$42,260,564$363,684,889
91$557,080,025$79,278,849$43,598,842$399,299,341
92$613,822,297$83,083,622$44,979,513$438,486,536
93$676,349,765$87,072,313$46,403,920$481,608,358
94$745,252,438$91,253,853$47,873,449$529,063,491
95$821,180,506$95,637,612$49,389,529$581,291,167
96$904,850,476$100,233,413$50,953,636$638,775,300
97$997,051,933$105,051,559$52,567,292$702,049,034
98$1,098,655,001$110,102,855$54,232,066$771,699,761
99$1,210,618,550$115,398,634$55,949,579$848,374,647
100$1,333,999,254$120,950,780$57,721,503$932,786,723