Can I retire at age 53 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$972,190
2 years$515,097$505,504$496,207$487,192$478,448$445,959
3 years$339,987$330,352$321,079$312,149$303,547$272,139
4 years$252,449$242,844$233,663$224,886$216,493$186,406
5 years$199,940$190,393$181,332$172,734$164,574$135,891
6 years$164,946$155,470$146,543$138,137$130,222$102,965
7 years$139,959$130,563$121,778$113,570$105,905$80,072
8 years$121,228$111,917$103,277$95,271$87,859$63,430
9 years$106,667$97,444$88,953$81,150$73,990$50,938
10 years$95,025$85,892$77,551$69,952$63,043$41,332
11 years$85,506$76,465$68,275$60,879$54,219$33,809
12 years$77,579$68,630$60,592$53,399$46,985$27,832
13 years$70,877$62,022$54,135$47,143$40,972$23,027
14 years$65,137$56,376$48,641$41,849$35,916$19,131
15 years$60,167$51,501$43,916$37,322$31,623$15,947
16 years$55,823$47,251$39,816$33,417$27,949$13,329
17 years$51,993$43,516$36,231$30,025$24,781$11,166
18 years$48,593$40,211$33,074$27,059$22,034$9,371
19 years$45,555$37,267$30,278$24,450$19,640$7,878
20 years$42,823$34,630$27,788$22,144$17,542$6,630
21 years$40,355$32,257$25,559$20,097$15,698$5,587
22 years$38,115$30,111$23,557$18,273$14,071$4,711
23 years$36,072$28,162$21,751$16,642$12,631$3,976
24 years$34,202$26,386$20,116$15,178$11,353$3,358
25 years$32,485$24,762$18,631$13,862$10,216$2,838
26 years$30,902$23,272$17,279$12,674$9,202$2,399
27 years$29,439$21,902$16,045$11,601$8,297$2,029
28 years$28,083$20,638$14,916$10,629$7,486$1,716
29 years$26,822$19,470$13,881$9,747$6,760$1,452
30 years$25,648$18,387$12,930$8,945$6,108$1,229
31 years$24,552$17,382$12,054$8,216$5,522$1,041
32 years$23,526$16,447$11,246$7,550$4,995$881
33 years$22,565$15,575$10,501$6,943$4,521$746
34 years$21,662$14,762$9,811$6,388$4,093$632
35 years$20,812$14,001$9,173$5,881$3,707$535
36 years$20,012$13,289$8,581$5,416$3,359$453
37 years$19,256$12,622$8,032$4,990$3,044$384
38 years$18,542$11,995$7,521$4,600$2,760$325
39 years$17,867$11,406$7,047$4,241$2,503$276
40 years$17,226$10,852$6,605$3,912$2,270$234
41 years$16,619$10,330$6,193$3,609$2,060$198
42 years$16,042$9,838$5,810$3,331$1,869$168
43 years$15,493$9,374$5,451$3,075$1,696$142
44 years$14,971$8,935$5,117$2,839$1,540$120
45 years$14,473$8,520$4,805$2,622$1,398$102
46 years$13,998$8,128$4,513$2,422$1,269$86
47 years$13,545$7,757$4,240$2,237$1,152$73
48 years$13,112$7,405$3,984$2,068$1,046$62
49 years$12,698$7,071$3,745$1,911$950$53
50 years$12,302$6,755$3,521$1,766$863$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,600,000, adding $4,335 every year, while hoping to spend $32,353 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: 38/42/20 Blend
52$12,600,000$12,600,000$12,600,000$12,600,000
53$13,889,672$13,221,872$13,026,572$14,334,028
54$15,271,995$13,835,320$13,428,538$15,268,818
55$16,794,230$14,477,743$13,842,887$16,275,026
56$18,470,616$15,150,526$14,269,997$17,361,801
57$20,316,839$15,855,122$14,710,262$18,536,435
58$22,350,186$16,593,053$15,164,086$19,806,922
59$24,589,708$17,365,915$15,631,885$21,182,026
60$27,056,394$18,175,381$16,114,090$22,671,366
61$29,773,377$19,023,205$16,611,142$24,285,491
62$32,766,144$19,911,225$17,123,498$26,035,979
63$36,062,784$20,841,368$17,651,629$27,935,538
64$39,694,248$21,815,655$18,196,018$29,998,121
65$43,694,642$22,836,203$18,757,166$32,239,047
66$48,101,551$23,905,233$19,335,587$34,675,137
67$52,956,392$25,025,072$19,931,812$37,324,873
68$58,304,804$26,198,161$20,546,387$40,208,553
69$64,197,080$27,427,057$21,179,877$43,348,483
70$70,688,642$28,714,442$21,832,862$46,769,171
71$77,840,562$30,063,128$22,505,942$50,497,556
72$85,720,140$31,476,062$23,199,732$54,563,247
73$94,401,541$32,956,336$23,914,869$58,998,793
74$103,966,489$34,507,187$24,652,009$63,839,981
75$114,505,047$36,132,015$25,411,826$69,126,161
76$126,116,457$37,834,379$26,195,018$74,900,606
77$138,910,086$39,618,014$27,002,301$81,210,907
78$153,006,452$41,486,834$27,834,415$88,109,410
79$168,538,364$43,444,943$28,692,123$95,653,697
80$185,652,178$45,496,646$29,576,209$103,907,112
81$204,509,171$47,646,453$30,487,484$112,939,350
82$225,287,073$49,899,096$31,426,781$122,827,092
83$248,181,737$52,259,534$32,394,961$133,654,716
84$273,408,991$54,732,968$33,392,909$145,515,079
85$301,206,676$57,324,851$34,421,539$158,510,368
86$331,836,888$60,040,900$35,481,792$172,753,055
87$365,588,457$62,887,110$36,574,638$188,366,929
88$402,779,668$65,869,767$37,701,077$205,488,254
89$443,761,271$68,995,462$38,862,139$224,267,026
90$488,919,786$72,271,105$40,058,886$244,868,368
91$538,681,158$75,703,943$41,292,413$267,474,068
92$593,514,773$79,301,574$42,563,846$292,284,268
93$653,937,894$83,071,965$43,874,349$319,519,327
94$720,520,539$87,023,470$45,225,119$349,421,874
95$793,890,864$91,164,851$46,617,391$382,259,071
96$874,741,095$95,505,291$48,052,436$418,325,104
97$963,834,061$100,054,425$49,531,567$457,943,931
98$1,062,010,394$104,822,350$51,056,133$501,472,305
99$1,170,196,469$109,819,660$52,627,529$549,303,108
100$1,289,413,146$115,057,461$54,247,188$601,869,026