Can I retire at age 53 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$982,691$973,938$965,398$957,062$948,923$928,625
2 years$486,481$477,420$468,640$460,126$451,868$431,517
3 years$321,099$311,999$303,241$294,807$286,684$266,915
4 years$238,424$229,353$220,682$212,392$204,465$185,431
5 years$188,832$179,815$171,258$163,137$155,431$137,185
6 years$155,782$146,833$138,402$130,462$122,987$105,549
7 years$132,184$123,310$115,013$107,260$100,022$83,394
8 years$114,493$105,699$97,540$89,978$82,978$67,156
9 years$100,741$92,030$84,011$76,641$69,879$54,852
10 years$89,746$81,120$73,243$66,065$59,541$45,292
11 years$80,756$72,217$64,482$57,497$51,207$37,719
12 years$73,269$64,818$57,226$50,432$44,375$31,627
13 years$66,939$58,576$51,128$44,524$38,696$26,666
14 years$61,518$53,244$45,938$39,524$33,920$22,584
15 years$56,825$48,640$41,476$35,248$29,866$19,199
16 years$52,721$44,626$37,604$31,561$26,396$16,372
17 years$49,105$41,099$34,218$28,357$23,404$13,998
18 years$45,894$37,977$31,237$25,556$20,810$11,994
19 years$43,024$35,197$28,596$23,092$18,548$10,296
20 years$40,444$32,707$26,244$20,914$16,568$8,852
21 years$38,113$30,465$24,139$18,981$14,826$7,621
22 years$35,997$28,438$22,248$17,258$13,290$6,569
23 years$34,068$26,597$20,542$15,717$11,930$5,667
24 years$32,302$24,920$18,998$14,335$10,723$4,894
25 years$30,680$23,386$17,596$13,091$9,649$4,229
26 years$29,185$21,979$16,319$11,970$8,691$3,656
27 years$27,803$20,685$15,154$10,957$7,836$3,163
28 years$26,523$19,491$14,088$10,039$7,070$2,738
29 years$25,332$18,388$13,110$9,206$6,384$2,370
30 years$24,223$17,365$12,211$8,448$5,769$2,053
31 years$23,188$16,416$11,384$7,759$5,215$1,779
32 years$22,219$15,533$10,622$7,131$4,718$1,541
33 years$21,311$14,710$9,917$6,557$4,270$1,336
34 years$20,458$13,942$9,266$6,033$3,866$1,158
35 years$19,656$13,223$8,663$5,554$3,501$1,004
36 years$18,900$12,551$8,104$5,115$3,172$871
37 years$18,186$11,921$7,586$4,713$2,875$756
38 years$17,512$11,329$7,104$4,344$2,607$655
39 years$16,874$10,773$6,655$4,005$2,364$569
40 years$16,269$10,249$6,238$3,694$2,144$493
41 years$15,695$9,756$5,849$3,409$1,945$428
42 years$15,150$9,292$5,487$3,146$1,765$371
43 years$14,632$8,853$5,149$2,904$1,602$322
44 years$14,139$8,439$4,833$2,681$1,454$280
45 years$13,669$8,047$4,538$2,476$1,320$243
46 years$13,221$7,677$4,262$2,287$1,198$211
47 years$12,793$7,326$4,004$2,113$1,088$183
48 years$12,384$6,994$3,763$1,953$988$159
49 years$11,993$6,678$3,537$1,805$898$138
50 years$11,619$6,379$3,325$1,668$815$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $11,900,000, adding $4,485 every year, while hoping to spend $34,888 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: 72/19/9 Blend
52$11,900,000$11,900,000$11,900,000$11,900,000
53$13,118,426$12,487,726$12,303,276$14,041,605
54$14,419,385$13,062,504$12,678,315$15,226,862
55$15,851,873$13,664,277$13,064,749$16,519,438
56$17,429,268$14,294,331$13,462,922$17,933,722
57$19,166,313$14,954,013$13,873,190$19,481,712
58$21,079,253$15,644,736$14,295,919$21,176,614
59$23,185,990$16,367,981$14,731,485$23,032,961
60$25,506,248$17,125,299$15,180,277$25,066,749
61$28,061,765$17,918,318$15,642,695$27,295,587
62$30,876,491$18,748,742$16,119,151$29,738,858
63$33,976,820$19,618,358$16,610,071$32,417,898
64$37,391,838$20,529,039$17,115,890$35,356,198
65$41,153,593$21,482,749$17,637,059$38,579,622
66$45,297,402$22,481,547$18,174,043$42,116,645
67$49,862,183$23,527,588$18,727,320$45,998,620
68$54,890,822$24,623,136$19,297,381$50,260,071
69$60,430,576$25,770,561$19,884,735$54,939,015
70$66,533,524$26,972,348$20,489,902$60,077,316
71$73,257,052$28,231,101$21,113,423$65,721,075
72$80,664,399$29,549,553$21,755,850$71,921,066
73$88,825,252$30,930,565$22,417,755$78,733,205
74$97,816,404$32,377,139$23,099,726$86,219,076
75$107,722,479$33,892,420$23,802,368$94,446,506
76$118,636,731$35,479,708$24,526,307$103,490,202
77$130,661,923$37,142,460$25,272,184$113,432,449
78$143,911,299$38,884,300$26,040,662$124,363,885
79$158,509,650$40,709,028$26,832,422$136,384,343
80$174,594,493$42,620,630$27,648,167$149,603,797
81$192,317,371$44,623,281$28,488,621$164,143,386
82$211,845,282$46,721,361$29,354,529$180,136,553
83$233,362,253$48,919,460$30,246,658$197,730,302
84$257,071,081$51,222,391$31,165,798$217,086,572
85$283,195,244$53,635,201$32,112,766$238,383,762
86$311,981,014$56,163,181$33,088,398$261,818,406
87$343,699,778$58,811,877$34,093,560$287,607,019
88$378,650,601$61,587,105$35,129,140$315,988,134
89$417,163,052$64,494,963$36,196,057$347,224,546
90$459,600,311$67,541,844$37,295,252$381,605,777
91$506,362,600$70,734,451$38,427,700$419,450,807
92$557,890,958$74,079,812$39,594,400$461,111,067
93$614,671,408$77,585,296$40,796,386$506,973,755
94$677,239,545$81,258,629$42,034,718$557,465,469
95$746,185,590$85,107,912$43,310,492$613,056,232
96$822,159,960$89,141,640$44,624,834$674,263,910
97$905,879,415$93,368,720$45,978,904$741,659,091
98$998,133,817$97,798,488$47,373,899$815,870,457
99$1,099,793,591$102,440,739$48,811,050$897,590,704
100$1,211,817,941$107,305,739$50,291,624$987,583,068