Can I retire at age 53 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$971,385
2 years$502,833$493,468$484,392$475,592$467,057$457,553
3 years$331,892$322,487$313,434$304,717$296,320$287,041
4 years$246,438$237,062$228,100$219,531$211,338$202,356
5 years$195,180$185,859$177,015$168,621$160,656$151,997
6 years$161,018$151,768$143,054$134,848$127,121$118,796
7 years$136,627$127,455$118,879$110,866$103,384$95,396
8 years$118,342$109,252$100,818$93,002$85,767$78,116
9 years$104,127$95,124$86,835$79,217$72,228$64,912
10 years$92,762$83,847$75,705$68,286$61,542$54,556
11 years$83,470$74,644$66,649$59,429$52,928$46,267
12 years$75,732$66,996$59,149$52,128$45,866$39,523
13 years$69,189$60,545$52,846$46,021$39,996$33,964
14 years$63,586$55,034$47,482$40,852$35,061$29,330
15 years$58,735$50,274$42,870$36,433$30,870$25,434
16 years$54,494$46,126$38,868$32,622$27,283$22,132
17 years$50,755$42,480$35,369$29,310$24,191$19,316
18 years$47,436$39,254$32,287$26,415$21,510$16,901
19 years$44,470$36,380$29,557$23,868$19,172$14,821
20 years$41,804$33,806$27,126$21,617$17,125$13,020
21 years$39,395$31,489$24,951$19,619$15,325$11,458
22 years$37,207$29,394$22,996$17,838$13,736$10,097
23 years$35,213$27,491$21,233$16,245$12,331$8,908
24 years$33,388$25,758$19,637$14,817$11,083$7,868
25 years$31,711$24,172$18,187$13,531$9,973$6,956
26 years$30,166$22,718$16,868$12,372$8,983$6,155
27 years$28,738$21,380$15,663$11,325$8,099$5,450
28 years$27,414$20,147$14,561$10,376$7,308$4,829
29 years$26,184$19,006$13,550$9,515$6,599$4,281
30 years$25,037$17,949$12,622$8,732$5,963$3,797
31 years$23,967$16,968$11,767$8,020$5,391$3,370
32 years$22,966$16,055$10,979$7,371$4,876$2,991
33 years$22,027$15,204$10,251$6,778$4,413$2,657
34 years$21,146$14,410$9,578$6,236$3,996$2,360
35 years$20,317$13,668$8,955$5,741$3,619$2,097
36 years$19,535$12,973$8,377$5,287$3,279$1,864
37 years$18,798$12,321$7,841$4,871$2,972$1,657
38 years$18,101$11,710$7,342$4,490$2,694$1,473
39 years$17,441$11,135$6,879$4,140$2,443$1,310
40 years$16,816$10,594$6,448$3,819$2,216$1,165
41 years$16,223$10,084$6,046$3,523$2,010$1,036
42 years$15,660$9,604$5,671$3,251$1,824$922
43 years$15,124$9,151$5,322$3,001$1,656$820
44 years$14,614$8,722$4,995$2,771$1,503$730
45 years$14,128$8,318$4,690$2,559$1,364$649
46 years$13,665$7,935$4,405$2,364$1,239$578
47 years$13,223$7,572$4,139$2,184$1,125$514
48 years$12,800$7,229$3,889$2,018$1,022$458
49 years$12,396$6,903$3,656$1,865$928$408
50 years$12,009$6,594$3,437$1,724$843$363

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,300,000, adding $5,863 every year, while hoping to spend $49,058 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: 62/20/18 Blend
52$12,300,000$12,300,000$12,300,000$12,300,000
53$13,560,648$12,908,748$12,718,098$14,338,902
54$14,891,636$13,489,079$13,091,957$15,444,194
55$16,356,742$14,096,202$13,476,696$16,644,290
56$17,969,592$14,731,379$13,872,627$17,953,303
57$19,745,203$15,395,929$14,280,073$19,381,830
58$21,700,122$16,091,238$14,699,364$20,941,529
59$23,852,582$16,818,756$15,130,840$22,645,223
60$26,222,672$17,580,002$15,574,850$24,507,024
61$28,832,532$18,376,569$16,031,754$26,542,458
62$31,706,554$19,210,124$16,501,922$28,768,612
63$34,871,619$20,082,417$16,985,733$31,204,288
64$38,357,346$20,995,278$17,483,578$33,870,181
65$42,196,377$21,950,628$17,995,858$36,789,069
66$46,424,675$22,950,476$18,522,988$39,986,024
67$51,081,874$23,996,932$19,065,390$43,488,647
68$56,211,647$25,092,204$19,623,502$47,327,322
69$61,862,119$26,238,605$20,197,773$51,535,497
70$68,086,321$27,438,562$20,788,664$56,150,002
71$74,942,690$28,694,617$21,396,649$61,211,385
72$82,495,623$30,009,432$22,022,216$66,764,294
73$90,816,083$31,385,800$22,665,866$72,857,892
74$99,982,265$32,826,646$23,328,114$79,546,316
75$110,080,340$34,335,036$24,009,490$86,889,184
76$121,205,265$35,914,183$24,710,539$94,952,148
77$133,461,680$37,567,456$25,431,819$103,807,515
78$146,964,894$39,298,383$26,173,908$113,534,915
79$161,841,974$41,110,665$26,937,395$124,222,053
80$178,232,946$43,008,178$27,722,888$135,965,527
81$196,292,115$44,994,987$28,531,013$148,871,733
82$216,189,520$47,075,351$29,362,412$163,057,862
83$238,112,543$49,253,735$30,217,744$178,652,999
84$262,267,672$51,534,818$31,097,688$195,799,336
85$288,882,455$53,923,504$32,002,941$214,653,501
86$318,207,645$56,424,936$32,934,220$235,388,031
87$350,519,569$59,044,502$33,892,261$258,192,990
88$386,122,734$61,787,852$34,877,820$283,277,756
89$425,352,702$64,660,906$35,891,676$310,872,987
90$468,579,259$67,669,871$36,934,628$341,232,786
91$516,209,902$70,821,254$38,007,497$374,637,090
92$568,693,691$74,121,874$39,111,128$411,394,302
93$626,525,484$77,578,882$40,246,386$451,844,191
94$690,250,608$81,199,772$41,414,165$496,361,085
95$760,470,010$84,992,401$42,615,380$545,357,394
96$837,845,927$88,965,004$43,850,971$599,287,488
97$923,108,138$93,126,216$45,121,905$658,651,974
98$1,017,060,856$97,485,089$46,429,177$724,002,406
99$1,120,590,315$102,051,110$47,773,806$795,946,475
100$1,234,673,141$106,834,227$49,156,842$875,153,734