Can I retire at age 53 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$970,815
2 years$506,921$497,480$488,330$479,459$470,854$452,806
3 years$334,590$325,109$315,982$307,194$298,729$281,173
4 years$248,442$238,989$229,954$221,316$213,056$196,127
5 years$196,766$187,371$178,454$169,992$161,962$145,709
6 years$162,327$153,002$144,217$135,944$128,155$112,595
7 years$137,738$128,491$119,845$111,767$104,224$89,363
8 years$119,304$110,140$101,638$93,759$86,464$72,297
9 years$104,974$95,897$87,541$79,861$72,815$59,334
10 years$93,517$84,529$76,320$68,841$62,042$49,235
11 years$84,149$75,251$67,191$59,913$53,358$41,211
12 years$76,348$67,541$59,630$52,551$46,239$34,735
13 years$69,752$61,037$53,276$46,395$40,322$29,442
14 years$64,103$55,481$47,869$41,184$35,346$25,071
15 years$59,212$50,683$43,219$36,729$31,121$21,432
16 years$54,937$46,501$39,184$32,887$27,505$18,379
17 years$51,168$42,826$35,656$29,549$24,388$15,804
18 years$47,822$39,573$32,549$26,629$21,684$13,621
19 years$44,832$36,676$29,797$24,062$19,328$11,762
20 years$42,144$34,081$27,347$21,793$17,264$10,174
21 years$39,715$31,745$25,154$19,778$15,449$8,813
22 years$37,510$29,633$23,183$17,983$13,848$7,643
23 years$35,499$27,715$21,405$16,377$12,431$6,635
24 years$33,659$25,967$19,796$14,937$11,173$5,765
25 years$31,969$24,369$18,335$13,641$10,054$5,014
26 years$30,411$22,903$17,005$12,473$9,056$4,363
27 years$28,972$21,554$15,791$11,417$8,165$3,799
28 years$27,637$20,310$14,680$10,460$7,368$3,309
29 years$26,397$19,160$13,661$9,592$6,653$2,884
30 years$25,241$18,095$12,724$8,803$6,011$2,515
31 years$24,162$17,106$11,863$8,085$5,435$2,193
32 years$23,153$16,186$11,068$7,431$4,916$1,913
33 years$22,207$15,328$10,334$6,833$4,449$1,670
34 years$21,318$14,527$9,656$6,287$4,028$1,457
35 years$20,482$13,779$9,027$5,787$3,648$1,272
36 years$19,694$13,078$8,445$5,330$3,306$1,111
37 years$18,951$12,421$7,904$4,911$2,996$970
38 years$18,248$11,805$7,402$4,527$2,716$847
39 years$17,583$11,225$6,935$4,174$2,463$740
40 years$16,953$10,680$6,500$3,850$2,234$646
41 years$16,355$10,166$6,095$3,552$2,027$565
42 years$15,787$9,682$5,717$3,278$1,839$493
43 years$15,247$9,225$5,365$3,026$1,669$431
44 years$14,733$8,793$5,036$2,794$1,515$377
45 years$14,243$8,385$4,729$2,580$1,375$329
46 years$13,776$7,999$4,441$2,383$1,249$288
47 years$13,330$7,634$4,172$2,202$1,134$251
48 years$12,904$7,287$3,921$2,035$1,030$220
49 years$12,497$6,959$3,685$1,880$935$192
50 years$12,107$6,648$3,465$1,738$850$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,400,000, adding $6,380 every year, while hoping to spend $58,238 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: 34/42/24 Blend
52$12,400,000$12,400,000$12,400,000$12,400,000
53$13,671,381$13,014,181$12,821,981$14,036,128
54$15,003,897$13,589,911$13,189,553$14,884,562
55$16,470,378$14,191,900$13,567,486$15,793,114
56$18,084,426$14,821,373$13,956,067$16,771,710
57$19,861,031$15,479,614$14,355,588$17,826,604
58$21,816,707$16,167,966$14,766,351$18,964,652
59$23,969,652$16,887,837$15,188,665$20,193,369
60$26,339,919$17,640,703$15,622,847$21,520,997
61$28,949,602$18,428,108$16,069,224$22,956,576
62$31,823,047$19,251,671$16,528,128$24,510,024
63$34,987,082$20,113,087$16,999,905$26,192,225
64$38,471,268$21,014,132$17,484,905$28,015,126
65$42,308,179$21,956,667$17,983,492$29,991,839
66$46,533,710$22,942,640$18,496,035$32,136,767
67$51,187,413$23,974,095$19,022,917$34,465,721
68$56,312,873$25,053,169$19,564,529$36,996,073
69$61,958,116$26,182,104$20,121,271$39,746,904
70$68,176,067$27,363,250$20,693,556$42,739,181
71$75,025,042$28,599,065$21,281,806$45,995,943
72$82,569,305$29,892,129$21,886,456$49,542,513
73$90,879,672$31,245,141$22,507,950$53,406,723
74$100,034,179$32,660,933$23,146,746$57,619,172
75$110,118,815$34,142,469$23,803,312$62,213,503
76$121,228,340$35,692,856$24,478,130$67,226,709
77$133,467,176$37,315,351$25,171,692$72,699,470
78$146,950,389$39,013,364$25,884,505$78,676,529
79$161,804,781$40,790,471$26,617,088$85,207,101
80$178,170,083$42,650,419$27,369,975$92,345,322
81$196,200,274$44,597,132$28,143,711$100,150,751
82$216,065,035$46,634,724$28,938,859$108,688,916
83$237,951,350$48,767,507$29,755,992$118,031,918
84$262,065,271$50,999,998$30,595,701$128,259,098
85$288,633,863$53,336,933$31,458,591$139,457,769
86$317,907,346$55,783,272$32,345,283$151,724,024
87$350,161,459$58,344,215$33,256,414$165,163,626
88$385,700,059$61,025,213$34,192,635$179,892,987
89$424,857,994$63,831,978$35,154,617$196,040,251
90$468,004,259$66,770,494$36,143,046$213,746,481
91$515,545,481$69,847,036$37,158,626$233,166,971
92$567,929,759$73,068,180$38,202,079$254,472,691
93$625,650,891$76,440,816$39,274,145$277,851,877
94$689,253,035$79,972,170$40,375,582$303,511,787
95$759,335,849$83,669,810$41,507,168$331,680,628
96$836,560,148$87,541,674$42,669,702$362,609,690
97$921,654,146$91,596,079$43,863,999$396,575,686
98$1,015,420,325$95,841,742$45,090,899$433,883,342
99$1,118,743,013$100,287,803$46,351,259$474,868,236
100$1,232,596,735$104,943,840$47,645,961$519,899,942