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

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$990,949$982,122$973,510$965,105$956,897$941,820
2 years$490,569$481,432$472,578$463,993$455,665$440,514
3 years$323,797$314,621$305,789$297,285$289,093$274,340
4 years$240,428$231,280$222,536$214,177$206,183$191,942
5 years$190,419$181,326$172,697$164,508$156,737$143,048
6 years$157,091$148,067$139,565$131,559$124,021$110,900
7 years$133,294$124,346$115,979$108,162$100,862$88,314
8 years$115,455$106,588$98,360$90,734$83,675$71,697
9 years$101,588$92,804$84,717$77,285$70,466$59,052
10 years$90,500$81,802$73,858$66,621$60,041$49,181
11 years$81,434$72,823$65,024$57,980$51,637$41,321
12 years$73,885$65,362$57,707$50,856$44,748$34,962
13 years$67,502$59,068$51,557$44,898$39,021$29,752
14 years$62,035$53,692$46,324$39,856$34,205$25,438
15 years$57,302$49,048$41,825$35,544$30,117$21,835
16 years$53,165$45,001$37,920$31,826$26,618$18,804
17 years$49,518$41,444$34,506$28,595$23,601$16,239
18 years$46,279$38,296$31,499$25,770$20,985$14,057
19 years$43,385$35,493$28,836$23,286$18,704$12,192
20 years$40,784$32,981$26,464$21,090$16,707$10,593
21 years$38,434$30,721$24,342$19,140$14,951$9,218
22 years$36,300$28,677$22,435$17,403$13,401$8,031
23 years$34,354$26,821$20,715$15,849$12,030$7,004
24 years$32,574$25,129$19,158$14,455$10,813$6,115
25 years$30,938$23,583$17,744$13,201$9,730$5,343
26 years$29,430$22,164$16,457$12,071$8,764$4,672
27 years$28,037$20,859$15,281$11,049$7,902$4,087
28 years$26,745$19,655$14,206$10,123$7,130$3,578
29 years$25,545$18,542$13,220$9,283$6,438$3,134
30 years$24,427$17,511$12,314$8,519$5,817$2,746
31 years$23,383$16,554$11,480$7,824$5,259$2,407
32 years$22,406$15,663$10,711$7,191$4,757$2,110
33 years$21,490$14,834$10,001$6,613$4,305$1,851
34 years$20,630$14,059$9,344$6,084$3,898$1,623
35 years$19,821$13,335$8,736$5,601$3,531$1,424
36 years$19,059$12,656$8,172$5,158$3,199$1,250
37 years$18,339$12,021$7,649$4,753$2,899$1,097
38 years$17,659$11,424$7,163$4,381$2,629$963
39 years$17,016$10,863$6,711$4,039$2,384$846
40 years$16,406$10,335$6,290$3,725$2,162$742
41 years$15,827$9,838$5,898$3,437$1,961$652
42 years$15,278$9,370$5,533$3,172$1,780$573
43 years$14,755$8,927$5,192$2,928$1,615$503
44 years$14,258$8,510$4,873$2,704$1,466$442
45 years$13,784$8,115$4,576$2,497$1,331$388
46 years$13,332$7,741$4,298$2,307$1,209$341
47 years$12,900$7,387$4,038$2,131$1,097$299
48 years$12,488$7,052$3,794$1,969$997$263
49 years$12,094$6,735$3,567$1,820$905$231
50 years$11,716$6,433$3,353$1,682$822$203

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,000,000, adding $4,087 every year, while hoping to spend $34,370 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: 35/50/15 Blend
52$12,000,000$12,000,000$12,000,000$12,000,000
53$13,228,216$12,592,216$12,406,216$13,629,739
54$14,540,924$13,172,665$12,785,255$14,501,917
55$15,986,377$13,780,404$13,175,839$15,438,813
56$17,578,078$14,416,734$13,578,320$16,448,959
57$19,330,907$15,083,019$13,993,059$17,538,866
58$21,261,260$15,780,688$14,420,427$18,715,666
59$23,387,205$16,511,238$14,860,807$19,987,171
60$25,728,651$17,276,240$15,314,596$21,361,947
61$28,307,537$18,077,339$15,782,199$22,849,380
62$31,148,038$18,916,261$16,264,035$24,459,766
63$34,276,795$19,794,814$16,760,536$26,204,395
64$37,723,161$20,714,893$17,272,147$28,095,652
65$41,519,486$21,678,486$17,799,327$30,147,127
66$45,701,416$22,687,674$18,342,546$32,373,735
67$50,308,231$23,744,641$18,902,293$34,791,846
68$55,383,218$24,851,675$19,479,066$37,419,435
69$60,974,075$26,011,176$20,073,384$40,276,237
70$67,133,365$27,225,658$20,685,777$43,383,927
71$73,919,010$28,497,757$21,316,793$46,766,313
72$81,394,840$29,830,238$21,966,996$50,449,552
73$89,631,191$31,225,997$22,636,968$54,462,382
74$98,705,573$32,688,072$23,327,307$58,836,385
75$108,703,401$34,219,647$24,038,631$63,606,270
76$119,718,797$35,824,059$24,771,575$68,810,192
77$131,855,485$37,504,809$25,526,793$74,490,092
78$145,227,764$39,265,564$26,304,960$80,692,085
79$159,961,591$41,110,171$27,106,771$87,466,877
80$176,195,767$43,042,663$27,932,941$94,870,231
81$194,083,249$45,067,267$28,784,209$102,963,473
82$213,792,592$47,188,416$29,661,332$111,814,059
83$235,509,544$49,410,755$30,565,093$121,496,189
84$259,438,793$51,739,157$31,496,299$132,091,492
85$285,805,904$54,178,731$32,455,780$143,689,777
86$314,859,448$56,734,830$33,444,390$156,389,859
87$346,873,346$59,413,071$34,463,011$170,300,471
88$382,149,456$62,219,340$35,512,551$185,541,269
89$421,020,422$65,159,809$36,593,943$202,243,935
90$463,852,816$68,240,951$37,708,151$220,553,401
91$511,050,596$71,469,550$38,856,167$240,629,186
92$563,058,921$74,852,722$40,039,012$262,646,877
93$620,368,351$78,397,926$41,257,740$286,799,761
94$683,519,482$82,112,983$42,513,433$313,300,616
95$753,108,045$86,006,096$43,807,209$342,383,690
96$829,790,534$90,085,863$45,140,219$374,306,881
97$914,290,399$94,361,300$46,513,646$409,354,138
98$1,007,404,878$98,841,863$47,928,712$447,838,103
99$1,110,012,526$103,537,464$49,386,674$490,103,031
100$1,223,081,502$108,458,499$50,888,827$536,527,992