Can I retire at age 53 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,010,031
2 years$523,273$513,528$504,083$494,925$486,043$475,309
3 years$345,384$335,596$326,175$317,104$308,366$297,889
4 years$256,456$246,699$237,372$228,455$219,929$209,791
5 years$203,114$193,415$184,210$175,476$167,186$157,417
6 years$167,564$157,938$148,869$140,329$132,289$122,900
7 years$142,181$132,636$123,711$115,372$107,586$98,582
8 years$123,152$113,693$104,917$96,783$89,253$80,633
9 years$108,360$98,991$90,365$82,438$75,164$66,925
10 years$96,533$87,255$78,782$71,062$64,044$56,180
11 years$86,863$77,678$69,359$61,845$55,080$47,585
12 years$78,810$69,720$61,554$54,247$47,731$40,598
13 years$72,002$63,006$54,994$47,892$41,622$34,842
14 years$66,171$57,271$49,413$42,513$36,486$30,049
15 years$61,122$52,318$44,613$37,914$32,125$26,022
16 years$56,709$48,001$40,448$33,948$28,392$22,613
17 years$52,819$44,207$36,806$30,502$25,174$19,708
18 years$49,365$40,849$33,599$27,488$22,384$17,220
19 years$46,278$37,859$30,759$24,838$19,951$15,078
20 years$43,503$35,180$28,229$22,496$17,821$13,227
21 years$40,996$32,769$25,965$20,416$15,948$11,622
22 years$38,720$30,589$23,931$18,563$14,295$10,226
23 years$36,645$28,609$22,096$16,906$12,832$9,009
24 years$34,745$26,805$20,435$15,419$11,534$7,945
25 years$33,000$25,155$18,927$14,082$10,378$7,013
26 years$31,392$23,642$17,554$12,875$9,349$6,196
27 years$29,906$22,249$16,300$11,785$8,428$5,477
28 years$28,528$20,966$15,153$10,798$7,605$4,845
29 years$27,248$19,779$14,101$9,902$6,867$4,289
30 years$26,055$18,679$13,135$9,087$6,205$3,798
31 years$24,942$17,658$12,245$8,346$5,610$3,365
32 years$23,900$16,708$11,425$7,670$5,075$2,982
33 years$22,923$15,822$10,668$7,053$4,592$2,644
34 years$22,006$14,996$9,967$6,490$4,158$2,344
35 years$21,143$14,224$9,319$5,974$3,766$2,080
36 years$20,329$13,500$8,717$5,502$3,412$1,845
37 years$19,562$12,822$8,159$5,069$3,093$1,638
38 years$18,837$12,186$7,641$4,673$2,804$1,454
39 years$18,150$11,587$7,159$4,308$2,543$1,290
40 years$17,500$11,024$6,710$3,974$2,306$1,146
41 years$16,882$10,494$6,292$3,666$2,092$1,017
42 years$16,296$9,994$5,902$3,384$1,898$904
43 years$15,739$9,523$5,538$3,123$1,723$802
44 years$15,208$9,077$5,198$2,884$1,564$713
45 years$14,703$8,656$4,881$2,663$1,420$633
46 years$14,220$8,257$4,584$2,460$1,289$563
47 years$13,760$7,880$4,307$2,273$1,171$500
48 years$13,320$7,522$4,047$2,100$1,063$444
49 years$12,900$7,184$3,804$1,941$965$395
50 years$12,497$6,862$3,577$1,794$877$351

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,800,000, adding $6,990 every year, while hoping to spend $21,625 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: 82/5/13 Blend
52$12,800,000$12,800,000$12,800,000$12,800,000
53$14,112,810$13,434,410$13,236,010$15,235,207
54$15,529,308$14,069,687$13,656,408$16,607,747
55$17,089,564$14,735,369$14,090,164$18,110,914
56$18,808,218$15,432,920$14,537,703$19,760,742
57$20,701,404$16,163,881$14,999,464$21,571,949
58$22,786,899$16,929,863$15,475,898$23,560,745
59$25,084,295$17,732,558$15,967,472$25,744,985
60$27,615,178$18,573,739$16,474,668$28,144,333
61$30,403,339$19,455,265$16,997,981$30,780,451
62$33,474,991$20,379,084$17,537,926$33,677,199
63$36,859,023$21,347,242$18,095,029$36,860,859
64$40,587,268$22,361,882$18,669,837$40,360,383
65$44,694,806$23,425,251$19,262,913$44,207,665
66$49,220,293$24,539,705$19,874,838$48,437,836
67$54,206,328$25,707,716$20,506,210$53,089,602
68$59,699,854$26,931,875$21,157,649$58,205,602
69$65,752,602$28,214,899$21,829,792$63,832,808
70$72,421,575$29,559,636$22,523,298$70,022,971
71$79,769,593$30,969,076$23,238,846$76,833,104
72$87,865,880$32,446,350$23,977,137$84,326,020
73$96,786,723$33,994,744$24,738,893$92,570,924
74$106,616,185$35,617,703$25,524,863$101,644,060
75$117,446,904$37,318,838$26,335,814$111,629,433
76$129,380,967$39,101,940$27,172,542$122,619,598
77$142,530,870$40,970,979$28,035,867$134,716,529
78$157,020,584$42,930,123$28,926,634$148,032,584
79$172,986,723$44,983,739$29,845,716$162,691,560
80$190,579,835$47,136,408$30,794,013$178,829,857
81$209,965,821$49,392,934$31,772,455$196,597,770
82$231,327,503$51,758,356$32,782,000$216,160,895
83$254,866,349$54,237,956$33,823,638$237,701,699
84$280,804,376$56,837,276$34,898,389$261,421,231
85$309,386,244$59,562,124$36,007,307$287,541,023
86$340,881,567$62,418,594$37,151,478$316,305,175
87$375,587,457$65,413,075$38,332,023$347,982,656
88$413,831,331$68,552,270$39,550,099$382,869,838
89$455,974,000$71,843,204$40,806,901$421,293,295
90$502,413,076$75,293,249$42,103,659$463,612,876
91$553,586,723$78,910,131$43,441,646$510,225,101
92$609,977,799$82,701,958$44,822,171$561,566,901
93$672,118,410$86,677,229$46,246,589$618,119,736
94$740,594,933$90,844,859$47,716,295$680,414,136
95$816,053,556$95,214,197$49,232,731$749,034,705
96$899,206,374$99,795,047$50,797,382$824,625,636
97$990,838,112$104,597,693$52,411,783$907,896,783
98$1,091,813,538$109,632,918$54,077,516$999,630,362
99$1,203,085,620$114,912,032$55,796,214$1,100,688,328
100$1,325,704,528$120,446,897$57,569,562$1,212,020,505