Can I retire at age 53 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,007,465$998,491$989,735$981,190$972,845$950,872
2 years$498,745$489,456$480,454$471,726$463,260$441,240
3 years$329,194$319,865$310,886$302,239$293,911$272,532
4 years$244,435$235,135$226,245$217,746$209,620$189,047
5 years$193,593$184,348$175,575$167,250$159,350$139,640
6 years$159,709$150,534$141,891$133,751$126,088$107,262
7 years$135,516$126,419$117,912$109,964$102,543$84,605
8 years$117,379$108,364$99,999$92,246$85,069$68,012
9 years$103,281$94,350$86,129$78,573$71,641$55,451
10 years$92,008$83,165$75,089$67,731$61,042$45,702
11 years$82,791$74,037$66,107$58,946$52,498$37,988
12 years$75,116$66,452$58,669$51,704$45,493$31,790
13 years$68,627$60,053$52,416$45,647$39,671$26,750
14 years$63,069$54,586$47,096$40,520$34,776$22,609
15 years$58,257$49,866$42,522$36,137$30,619$19,180
16 years$54,051$45,751$38,552$32,357$27,061$16,321
17 years$50,343$42,135$35,081$29,072$23,994$13,924
18 years$47,051$38,934$32,024$26,200$21,335$11,905
19 years$44,109$36,084$29,317$23,674$19,016$10,196
20 years$41,464$33,531$26,906$21,441$16,986$8,747
21 years$39,074$31,233$24,748$19,459$15,200$7,513
22 years$36,905$29,155$22,809$17,693$13,625$6,461
23 years$34,927$27,268$21,060$16,113$12,230$5,561
24 years$33,116$25,548$19,477$14,696$10,993$4,790
25 years$31,453$23,976$18,040$13,421$9,892$4,130
26 years$29,921$22,533$16,731$12,272$8,910$3,562
27 years$28,504$21,206$15,536$11,233$8,033$3,074
28 years$27,191$19,983$14,443$10,292$7,249$2,654
29 years$25,971$18,851$13,440$9,438$6,545$2,292
30 years$24,834$17,803$12,519$8,661$5,914$1,981
31 years$23,772$16,830$11,671$7,955$5,347$1,712
32 years$22,779$15,925$10,889$7,311$4,837$1,480
33 years$21,848$15,081$10,167$6,723$4,377$1,279
34 years$20,974$14,293$9,500$6,186$3,963$1,106
35 years$20,152$13,557$8,882$5,694$3,590$957
36 years$19,376$12,867$8,309$5,244$3,252$828
37 years$18,645$12,221$7,777$4,832$2,948$716
38 years$17,954$11,614$7,283$4,454$2,672$620
39 years$17,299$11,044$6,823$4,106$2,423$536
40 years$16,679$10,508$6,395$3,788$2,198$464
41 years$16,091$10,002$5,997$3,495$1,994$402
42 years$15,532$9,526$5,625$3,225$1,809$348
43 years$15,001$9,076$5,278$2,977$1,642$301
44 years$14,495$8,651$4,955$2,749$1,491$260
45 years$14,013$8,250$4,652$2,539$1,353$225
46 years$13,554$7,870$4,370$2,345$1,229$195
47 years$13,115$7,511$4,105$2,166$1,116$169
48 years$12,696$7,170$3,858$2,002$1,013$146
49 years$12,295$6,847$3,626$1,850$920$127
50 years$11,911$6,540$3,409$1,710$836$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,200,000, adding $3,269 every year, while hoping to spend $41,823 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: 60/20/20 Blend
52$12,200,000$12,200,000$12,200,000$12,200,000
53$13,447,772$12,801,172$12,612,072$14,184,006
54$14,774,945$13,383,930$12,990,077$15,265,649
55$16,236,089$13,993,842$13,379,344$16,440,287
56$17,844,823$14,632,193$13,780,205$17,720,878
57$19,616,156$15,300,332$14,193,003$19,117,701
58$21,566,627$15,999,671$14,618,092$20,642,059
59$23,714,460$16,731,692$15,055,834$22,306,388
60$26,079,734$17,497,944$15,506,604$24,124,369
61$28,684,578$18,300,054$15,970,786$26,111,052
62$31,553,375$19,139,726$16,448,777$28,282,999
63$34,712,992$20,018,746$16,940,984$30,658,435
64$38,193,037$20,938,984$17,447,827$33,257,416
65$42,026,135$21,902,403$17,969,738$36,102,013
66$46,248,238$22,911,058$18,507,161$39,216,522
67$50,898,961$23,967,103$19,060,554$42,627,682
68$56,021,961$25,072,796$19,630,388$46,364,932
69$61,665,342$26,230,505$20,217,148$50,460,674
70$67,882,116$27,442,709$20,821,331$54,950,584
71$74,730,699$28,712,009$21,443,453$59,873,938
72$82,275,463$30,041,129$22,084,041$65,273,979
73$90,587,343$31,432,927$22,743,639$71,198,322
74$99,744,507$32,890,396$23,422,806$77,699,397
75$109,833,096$34,416,675$24,122,120$84,834,935
76$120,948,033$36,015,053$24,842,171$92,668,515
77$133,193,919$37,688,978$25,583,571$101,270,147
78$146,686,026$39,442,064$26,346,948$110,716,938
79$161,551,377$41,278,102$27,132,947$121,093,804
80$177,929,950$43,201,061$27,942,233$132,494,269
81$195,975,998$45,215,106$28,775,491$145,021,341
82$215,859,504$47,324,601$29,633,424$158,788,474
83$237,767,787$49,534,120$30,516,758$173,920,633
84$261,907,270$51,848,461$31,426,238$190,555,464
85$288,505,426$54,272,649$32,362,631$208,844,588
86$317,812,927$56,811,957$33,326,727$228,955,019
87$350,106,012$59,471,910$34,319,339$251,070,731
88$385,689,091$62,258,299$35,341,303$275,394,391
89$424,897,621$65,177,198$36,393,478$302,149,253
90$468,101,270$68,234,972$37,476,752$331,581,261
91$515,707,410$71,438,296$38,592,033$363,961,360
92$568,164,960$74,794,167$39,740,261$399,588,036
93$625,968,626$78,309,921$40,922,399$438,790,127
94$689,663,567$81,993,248$42,139,441$481,929,911
95$759,850,545$85,852,212$43,392,406$529,406,516
96$837,191,596$89,895,265$44,682,347$581,659,671
97$922,416,277$94,131,272$46,010,344$639,173,842
98$1,016,328,557$98,569,524$47,377,510$702,482,793
99$1,119,814,402$103,219,763$48,784,990$772,174,606
100$1,233,850,144$108,092,204$50,233,960$848,897,219