Can I retire at age 53 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$974,433$965,753$957,285$949,019$940,949$933,455
2 years$482,393$473,408$464,701$456,259$448,071$440,517
3 years$318,401$309,378$300,693$292,330$284,274$276,894
4 years$236,421$227,425$218,827$210,607$202,747$195,597
5 years$187,245$178,304$169,819$161,766$154,125$147,227
6 years$154,473$145,599$137,239$129,366$121,954$115,316
7 years$131,073$122,274$114,046$106,359$99,181$92,807
8 years$113,531$104,811$96,720$89,222$82,280$76,170
9 years$99,894$91,257$83,305$75,997$69,292$63,443
10 years$88,992$80,438$72,627$65,510$59,040$53,450
11 years$80,077$71,610$63,940$57,014$50,777$45,441
12 years$72,653$64,273$56,745$50,009$44,002$38,915
13 years$66,377$58,084$50,698$44,150$38,370$33,528
14 years$61,001$52,797$45,552$39,192$33,635$29,030
15 years$56,347$48,231$41,128$34,952$29,615$25,242
16 years$52,278$44,251$37,288$31,296$26,174$22,025
17 years$48,692$40,753$33,931$28,119$23,208$19,276
18 years$45,508$37,658$30,974$25,341$20,635$16,914
19 years$42,662$34,901$28,356$22,898$18,393$14,875
20 years$40,104$32,432$26,023$20,738$16,429$13,106
21 years$37,793$30,209$23,936$18,821$14,702$11,567
22 years$35,695$28,199$22,061$17,113$13,178$10,224
23 years$33,782$26,374$20,370$15,585$11,829$9,048
24 years$32,031$24,711$18,838$14,214$10,633$8,016
25 years$30,422$23,190$17,448$12,981$9,568$7,109
26 years$28,940$21,795$16,182$11,870$8,618$6,310
27 years$27,570$20,511$15,027$10,864$7,770$5,605
28 years$26,300$19,328$13,969$9,954$7,011$4,983
29 years$25,119$18,233$13,000$9,128$6,331$4,432
30 years$24,020$17,219$12,109$8,377$5,720$3,944
31 years$22,993$16,278$11,289$7,694$5,172$3,511
32 years$22,033$15,402$10,532$7,071$4,678$3,127
33 years$21,132$14,586$9,834$6,502$4,234$2,786
34 years$20,286$13,825$9,188$5,983$3,833$2,483
35 years$19,491$13,112$8,591$5,507$3,472$2,214
36 years$18,741$12,446$8,036$5,072$3,146$1,974
37 years$18,034$11,820$7,522$4,673$2,851$1,761
38 years$17,365$11,234$7,044$4,308$2,585$1,571
39 years$16,732$10,682$6,599$3,972$2,344$1,402
40 years$16,132$10,163$6,186$3,663$2,126$1,251
41 years$15,564$9,674$5,800$3,380$1,929$1,117
42 years$15,023$9,213$5,441$3,119$1,750$997
43 years$14,509$8,779$5,105$2,879$1,588$890
44 years$14,020$8,368$4,792$2,659$1,442$795
45 years$13,554$7,979$4,500$2,455$1,309$710
46 years$13,109$7,612$4,226$2,268$1,188$634
47 years$12,685$7,264$3,971$2,095$1,079$566
48 years$12,280$6,935$3,731$1,936$980$506
49 years$11,892$6,622$3,507$1,789$890$452
50 years$11,521$6,326$3,297$1,654$808$403

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,800,000, adding $3,422 every year, while hoping to spend $45,213 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: 44/50/6 Blend
52$11,800,000$11,800,000$11,800,000$11,800,000
53$13,007,130$12,381,730$12,198,830$13,557,312
54$14,285,751$12,940,328$12,559,384$14,496,319
55$15,693,276$13,524,783$12,930,502$15,508,467
56$17,242,805$14,136,312$13,312,489$16,604,349
57$18,948,774$14,776,195$13,705,661$17,791,653
58$20,827,089$15,445,768$14,110,340$19,078,814
59$22,895,276$16,146,435$14,526,861$20,475,088
60$25,172,650$16,879,665$14,955,565$21,990,630
61$27,680,489$17,646,998$15,396,806$23,636,589
62$30,442,246$18,450,048$15,850,946$25,425,205
63$33,483,760$19,290,505$16,318,358$27,369,917
64$36,833,505$20,170,141$16,799,424$29,485,484
65$40,522,857$21,090,813$17,294,540$31,788,120
66$44,586,393$22,054,467$17,804,111$34,295,634
67$49,062,210$23,063,141$18,328,554$37,027,595
68$53,992,292$24,118,972$18,868,297$40,005,508
69$59,422,904$25,224,200$19,423,783$43,253,008
70$65,405,025$26,381,170$19,995,465$46,796,072
71$71,994,834$27,592,344$20,583,809$50,663,260
72$79,254,236$28,860,297$21,189,295$54,885,970
73$87,251,448$30,187,732$21,812,417$59,498,727
74$96,061,645$31,577,480$22,453,682$64,539,497
75$105,767,663$33,032,508$23,113,611$70,050,037
76$116,460,790$34,555,925$23,792,742$76,076,273
77$128,241,617$36,150,992$24,491,625$82,668,725
78$141,220,996$37,821,124$25,210,829$89,882,969
79$155,521,081$39,569,904$25,950,936$97,780,151
80$171,276,486$41,401,083$26,712,546$106,427,547
81$188,635,547$43,318,596$27,496,276$115,899,186
82$207,761,732$45,326,566$28,302,760$126,276,531
83$228,835,176$47,429,315$29,132,650$137,649,234
84$252,054,387$49,631,375$29,986,617$150,115,965
85$277,638,115$51,937,492$30,865,349$163,785,326
86$305,827,420$54,352,647$31,769,555$178,776,858
87$336,887,945$56,882,055$32,699,964$195,222,147
88$371,112,428$59,531,188$33,657,325$213,266,051
89$408,823,458$62,305,779$34,642,408$233,068,044
90$450,376,526$65,211,837$35,656,004$254,803,696
91$496,163,379$68,255,665$36,698,928$278,666,315
92$546,615,717$71,443,866$37,772,015$304,868,739
93$602,209,270$74,783,365$38,876,127$333,645,326
94$663,468,285$78,281,419$40,012,147$365,254,134
95$730,970,480$81,945,639$41,180,985$399,979,335
96$805,352,495$85,784,001$42,383,573$438,133,866
97$887,315,901$89,804,869$43,620,874$480,062,350
98$977,633,824$94,017,008$44,893,875$526,144,321
99$1,077,158,244$98,429,611$46,203,589$576,797,771
100$1,186,828,036$103,052,314$47,551,061$632,483,061