Can I retire at age 53 with 12,500,000?

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 $12,500,000?

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$1,032,238$1,023,044$1,014,073$1,005,317$996,768$978,645
2 years$511,009$501,492$492,268$483,326$474,651$456,457
3 years$337,289$327,731$318,530$309,671$301,138$283,440
4 years$250,446$240,917$231,808$223,101$214,774$197,709
5 years$198,353$188,882$179,893$171,363$163,268$146,884
6 years$163,636$154,236$145,380$137,040$129,188$113,504
7 years$138,848$129,527$120,812$112,668$105,065$90,084
8 years$120,266$111,029$102,458$94,515$87,161$72,880
9 years$105,820$96,670$88,247$80,506$73,402$59,813
10 years$94,271$85,210$76,936$69,397$62,543$49,632
11 years$84,827$75,858$67,733$60,396$53,789$41,543
12 years$76,963$68,086$60,111$52,975$46,612$35,015
13 years$70,314$61,530$53,705$46,769$40,647$29,679
14 years$64,620$55,929$48,255$41,516$35,631$25,273
15 years$59,690$51,092$43,567$37,025$31,372$21,604
16 years$55,380$46,876$39,500$33,152$27,727$18,527
17 years$51,581$43,171$35,944$29,787$24,584$15,932
18 years$48,208$39,892$32,812$26,844$21,859$13,731
19 years$45,193$36,971$30,038$24,256$19,484$11,857
20 years$42,484$34,356$27,567$21,968$17,403$10,256
21 years$40,035$32,001$25,356$19,938$15,574$8,884
22 years$37,812$29,872$23,370$18,128$13,960$7,704
23 years$35,786$27,938$21,578$16,509$12,531$6,688
24 years$33,931$26,176$19,956$15,058$11,263$5,812
25 years$32,227$24,565$18,483$13,752$10,135$5,054
26 years$30,657$23,087$17,142$12,574$9,129$4,398
27 years$29,205$21,728$15,918$11,509$8,231$3,829
28 years$27,860$20,474$14,798$10,545$7,427$3,336
29 years$26,609$19,315$13,771$9,670$6,706$2,907
30 years$25,445$18,241$12,827$8,874$6,060$2,535
31 years$24,357$17,244$11,958$8,150$5,478$2,211
32 years$23,340$16,316$11,157$7,490$4,956$1,929
33 years$22,386$15,452$10,418$6,888$4,485$1,683
34 years$21,490$14,645$9,734$6,338$4,061$1,469
35 years$20,647$13,890$9,100$5,834$3,678$1,282
36 years$19,853$13,184$8,513$5,373$3,332$1,120
37 years$19,103$12,522$7,968$4,951$3,020$978
38 years$18,395$11,900$7,462$4,563$2,738$854
39 years$17,725$11,316$6,991$4,207$2,483$746
40 years$17,089$10,766$6,552$3,881$2,252$652
41 years$16,487$10,248$6,144$3,580$2,043$569
42 years$15,914$9,760$5,763$3,304$1,854$497
43 years$15,370$9,299$5,408$3,050$1,683$435
44 years$14,852$8,864$5,077$2,816$1,527$380
45 years$14,358$8,453$4,767$2,601$1,387$332
46 years$13,887$8,064$4,477$2,403$1,259$290
47 years$13,438$7,695$4,206$2,220$1,143$253
48 years$13,008$7,346$3,953$2,051$1,038$221
49 years$12,597$7,015$3,715$1,896$943$194
50 years$12,204$6,701$3,493$1,752$856$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,500,000, adding $6,927 every year, while hoping to spend $24,743 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: 51/28/21 Blend
52$12,500,000$12,500,000$12,500,000$12,500,000
53$13,782,145$13,119,645$12,925,895$14,404,195
54$15,161,598$13,736,181$13,332,586$15,451,266
55$16,680,925$14,382,099$13,752,072$16,585,981
56$18,354,368$15,058,810$14,184,756$17,819,223
57$20,197,620$15,767,799$14,631,052$19,160,338
58$22,227,974$16,510,617$15,091,388$20,619,593
59$24,464,485$17,288,895$15,566,207$22,208,273
60$26,928,152$18,104,340$16,055,965$23,938,781
61$29,642,114$18,958,744$16,561,130$25,824,748
62$32,631,870$19,853,982$17,082,188$27,881,163
63$35,925,517$20,792,024$17,619,638$30,124,504
64$39,554,021$21,774,934$18,173,997$32,572,891
65$43,551,501$22,804,876$18,745,796$35,246,252
66$47,955,558$23,884,119$19,335,584$38,166,504
67$52,807,626$25,015,041$19,943,927$41,357,757
68$58,153,363$26,200,138$20,571,407$44,846,531
69$64,043,085$27,442,024$21,218,629$48,662,002
70$70,532,239$28,743,442$21,886,212$52,836,273
71$77,681,923$30,107,267$22,574,796$57,404,668
72$85,559,471$31,536,515$23,285,044$62,406,057
73$94,239,080$33,034,346$24,017,635$67,883,217
74$103,802,513$34,604,077$24,773,273$73,883,228
75$114,339,875$36,249,182$25,552,683$80,457,908
76$125,950,457$37,973,306$26,356,613$87,664,294
77$138,743,678$39,780,273$27,185,834$95,565,171
78$152,840,115$41,674,088$28,041,141$104,229,657
79$168,372,643$43,658,954$28,923,355$113,733,841
80$185,487,688$45,739,278$29,833,323$124,161,498
81$204,346,610$47,919,681$30,771,918$135,604,860
82$225,127,226$50,205,008$31,740,039$148,165,484
83$248,025,489$52,600,339$32,738,616$161,955,192
84$273,257,337$55,111,003$33,768,607$177,097,120
85$301,060,730$57,742,587$34,831,000$193,726,861
86$331,697,900$60,500,950$35,926,815$211,993,738
87$365,457,825$63,392,235$37,057,102$232,062,193
88$402,658,954$66,422,885$38,222,945$254,113,331
89$443,652,217$69,599,657$39,425,464$278,346,609
90$488,824,338$72,929,635$40,665,812$304,981,703
91$538,601,483$76,420,249$41,945,179$334,260,569
92$593,453,284$80,079,291$43,264,793$366,449,704
93$653,897,274$83,914,931$44,625,918$401,842,648
94$720,503,771$87,935,738$46,029,861$440,762,730
95$793,901,263$92,150,697$47,477,970$483,566,105
96$874,782,343$96,569,231$48,971,632$530,645,093
97$963,910,241$101,201,223$50,512,281$582,431,860
98$1,062,126,038$106,057,036$52,101,395$639,402,474
99$1,170,356,601$111,147,537$53,740,498$702,081,376
100$1,289,623,332$116,484,125$55,431,163$771,046,304