Can I retire at age 53 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$999,207$990,306$981,623$973,147$964,871$956,787
2 years$494,657$485,444$476,516$467,859$459,462$451,314
3 years$326,495$317,243$308,337$299,762$291,502$283,543
4 years$242,431$233,207$224,391$215,962$207,902$200,193
5 years$192,006$182,837$174,136$165,879$158,043$150,608
6 years$158,400$149,300$140,728$132,655$125,054$117,901
7 years$134,405$125,382$116,946$109,063$101,703$94,835
8 years$116,417$107,476$99,179$91,490$84,372$77,789
9 years$102,434$93,577$85,423$77,929$71,054$64,754
10 years$91,254$82,484$74,474$67,176$60,541$54,522
11 years$82,113$73,430$65,565$58,463$52,067$46,323
12 years$74,500$65,907$58,188$51,280$45,121$39,646
13 years$68,064$59,561$51,987$45,273$39,346$34,135
14 years$62,552$54,139$46,710$40,188$34,490$29,537
15 years$57,780$49,457$42,173$35,841$30,368$25,665
16 years$53,608$45,376$38,236$32,091$26,839$22,379
17 years$49,930$41,789$34,793$28,834$23,798$19,573
18 years$46,665$38,615$31,762$25,985$21,160$17,162
19 years$43,747$35,788$29,077$23,480$18,860$15,082
20 years$41,124$33,256$26,685$21,265$16,846$13,279
21 years$38,754$30,977$24,545$19,300$15,076$11,711
22 years$36,602$28,916$22,622$17,548$13,513$10,343
23 years$34,641$27,044$20,887$15,981$12,130$9,147
24 years$32,845$25,339$19,317$14,576$10,903$8,098
25 years$31,196$23,779$17,892$13,311$9,811$7,176
26 years$29,676$22,349$16,594$12,171$8,837$6,364
27 years$28,271$21,033$15,409$11,141$7,968$5,649
28 years$26,968$19,819$14,324$10,207$7,189$5,017
29 years$25,758$18,697$13,330$9,360$6,492$4,459
30 years$24,630$17,657$12,416$8,590$5,866$3,965
31 years$23,578$16,692$11,576$7,890$5,303$3,527
32 years$22,593$15,794$10,800$7,251$4,797$3,139
33 years$21,669$14,957$10,084$6,668$4,341$2,794
34 years$20,802$14,176$9,422$6,135$3,931$2,488
35 years$19,986$13,446$8,809$5,647$3,560$2,217
36 years$19,218$12,762$8,241$5,201$3,226$1,975
37 years$18,492$12,121$7,713$4,792$2,924$1,760
38 years$17,806$11,519$7,223$4,417$2,650$1,569
39 years$17,158$10,954$6,767$4,073$2,403$1,399
40 years$16,543$10,421$6,343$3,757$2,180$1,247
41 years$15,959$9,920$5,948$3,466$1,978$1,112
42 years$15,405$9,448$5,579$3,199$1,795$992
43 years$14,878$9,002$5,235$2,953$1,629$885
44 years$14,377$8,581$4,914$2,726$1,478$790
45 years$13,899$8,182$4,614$2,518$1,342$704
46 years$13,443$7,806$4,334$2,326$1,219$629
47 years$13,008$7,449$4,071$2,149$1,107$561
48 years$12,592$7,111$3,826$1,985$1,005$501
49 years$12,194$6,791$3,596$1,835$913$447
50 years$11,814$6,487$3,381$1,696$829$399

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,100,000, adding $3,567 every year, while hoping to spend $41,150 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: 49/44/7 Blend
52$12,100,000$12,100,000$12,100,000$12,100,000
53$13,337,879$12,696,579$12,509,029$13,967,115
54$14,654,560$13,274,928$12,884,299$14,975,695
55$16,104,162$13,880,238$13,270,760$16,065,898
56$17,700,202$14,513,784$13,668,746$17,249,045
57$19,457,570$15,176,907$14,078,596$18,533,818
58$21,392,676$15,871,009$14,500,663$19,929,753
59$23,523,601$16,597,561$14,935,307$21,447,317
60$25,870,271$17,358,104$15,382,902$23,098,008
61$28,454,639$18,154,252$15,843,830$24,894,454
62$31,300,900$18,987,697$16,318,486$26,850,528
63$34,435,711$19,860,214$16,807,275$28,981,474
64$37,888,450$20,773,661$17,310,615$31,304,044
65$41,691,487$21,729,986$17,828,936$33,836,646
66$45,880,495$22,731,231$18,362,681$36,599,518
67$50,494,780$23,779,536$18,912,306$39,614,906
68$55,577,659$24,877,144$19,478,279$42,907,269
69$61,176,861$26,026,406$20,061,083$46,503,500
70$67,344,987$27,229,785$20,661,215$50,433,175
71$74,139,996$28,489,865$21,279,186$54,728,820
72$81,625,759$29,809,352$21,915,522$59,426,214
73$89,872,660$31,191,084$22,570,765$64,564,709
74$98,958,258$32,638,034$23,245,473$70,187,600
75$108,968,023$34,153,320$23,940,219$76,342,519
76$119,996,139$35,740,210$24,655,594$83,081,876
77$132,146,394$37,402,129$25,392,205$90,463,337
78$145,533,160$39,142,668$26,150,678$98,550,366
79$160,282,473$40,965,589$26,931,657$107,412,802
80$176,533,222$42,874,840$27,735,804$117,127,512
81$194,438,458$44,874,554$28,563,800$127,779,099
82$214,166,842$46,969,068$29,416,348$139,460,689
83$235,904,234$49,162,927$30,294,170$152,274,792
84$259,855,450$51,460,894$31,198,009$166,334,258
85$286,246,193$53,867,965$32,128,630$181,763,324
86$315,325,184$56,389,375$33,086,819$198,698,766
87$347,366,512$59,030,614$34,073,386$217,291,181
88$382,672,217$61,797,435$35,089,166$237,706,380
89$421,575,146$64,695,872$36,135,015$260,126,940
90$464,442,089$67,732,248$37,211,817$284,753,905
91$511,677,249$70,913,195$38,320,479$311,808,661
92$563,726,050$74,245,663$39,461,937$341,535,007
93$621,079,347$77,736,940$40,637,151$374,201,426
94$684,278,057$81,394,667$41,847,113$410,103,602
95$753,918,267$85,226,854$43,092,839$449,567,181
96$830,656,860$89,241,899$44,375,379$492,950,820
97$915,217,715$93,448,608$45,695,810$540,649,540
98$1,008,398,545$97,856,212$47,055,242$593,098,433
99$1,111,078,420$102,474,390$48,454,816$650,776,730
100$1,224,226,074$107,313,291$49,895,708$714,212,296