Can I retire at age 53 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,009,133
2 years$527,361$517,540$508,021$498,792$489,840$470,239
3 years$348,082$338,218$328,723$319,581$310,775$291,715
4 years$258,460$248,626$239,226$230,240$221,647$203,275
5 years$204,701$194,926$185,649$176,846$168,493$150,861
6 years$168,873$159,172$150,032$141,425$133,322$116,450
7 years$143,292$133,672$124,678$116,274$108,427$92,318
8 years$124,114$114,582$105,736$97,539$89,951$74,602
9 years$109,207$99,764$91,071$83,082$75,751$61,153
10 years$97,287$87,937$79,398$71,617$64,544$50,682
11 years$87,542$78,285$69,900$62,328$55,510$42,368
12 years$79,426$70,265$62,035$54,670$48,104$35,664
13 years$72,564$63,499$55,424$48,266$41,947$30,189
14 years$66,688$57,718$49,799$42,845$36,771$25,673
15 years$61,600$52,727$44,962$38,210$32,376$21,916
16 years$57,152$48,376$40,764$34,213$28,614$18,768
17 years$53,231$44,552$37,094$30,740$25,371$16,115
18 years$49,750$41,168$33,862$27,703$22,559$13,869
19 years$46,639$38,154$30,999$25,032$20,107$11,959
20 years$43,843$35,455$28,449$22,671$17,960$10,328
21 years$41,316$33,025$26,168$20,576$16,072$8,933
22 years$39,022$30,828$24,118$18,708$14,407$7,735
23 years$36,931$28,832$22,268$17,038$12,932$6,705
24 years$35,017$27,014$20,595$15,539$11,624$5,817
25 years$33,258$25,351$19,075$14,192$10,460$5,050
26 years$31,638$23,826$17,691$12,976$9,422$4,388
27 years$30,140$22,423$16,427$11,877$8,494$3,814
28 years$28,751$21,129$15,271$10,882$7,665$3,317
29 years$27,461$19,933$14,211$9,979$6,921$2,887
30 years$26,259$18,825$13,237$9,158$6,254$2,513
31 years$25,136$17,796$12,341$8,411$5,654$2,188
32 years$24,086$16,838$11,514$7,730$5,114$1,905
33 years$23,102$15,946$10,751$7,108$4,628$1,660
34 years$22,178$15,113$10,045$6,540$4,190$1,446
35 years$21,308$14,335$9,391$6,021$3,795$1,260
36 years$20,488$13,606$8,785$5,545$3,439$1,099
37 years$19,715$12,922$8,223$5,109$3,117$958
38 years$18,984$12,281$7,700$4,709$2,826$835
39 years$18,292$11,678$7,214$4,342$2,562$728
40 years$17,636$11,111$6,762$4,005$2,324$635
41 years$17,014$10,576$6,341$3,695$2,109$554
42 years$16,424$10,072$5,948$3,410$1,913$483
43 years$15,862$9,597$5,581$3,148$1,736$421
44 years$15,327$9,148$5,239$2,907$1,576$368
45 years$14,817$8,723$4,919$2,684$1,431$321
46 years$14,332$8,322$4,620$2,479$1,299$280
47 years$13,868$7,941$4,341$2,291$1,180$244
48 years$13,424$7,581$4,079$2,117$1,071$213
49 years$13,001$7,240$3,834$1,956$973$186
50 years$12,595$6,916$3,605$1,808$884$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $12,900,000, adding $2,934 every year, while hoping to spend $28,911 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$12,900,000$12,900,000$12,900,000$12,900,000
53$14,218,826$13,535,126$13,335,176$14,673,763
54$15,638,386$14,167,587$13,751,144$15,635,079
55$17,201,771$14,830,068$14,180,077$16,670,362
56$18,923,622$15,524,012$14,622,380$17,788,633
57$20,820,071$16,250,928$15,078,469$18,997,396
58$22,908,894$17,012,400$15,548,774$20,304,883
59$25,209,680$17,810,086$16,033,737$21,720,119
60$27,744,015$18,645,728$16,533,815$23,253,005
61$30,535,685$19,521,149$17,049,478$24,914,403
62$33,610,902$20,438,262$17,581,212$26,716,231
63$36,998,548$21,399,071$18,129,517$28,671,572
64$40,730,454$22,405,679$18,694,910$30,794,787
65$44,841,693$23,460,290$19,277,921$33,101,646
66$49,370,915$24,565,214$19,879,101$35,609,464
67$54,360,712$25,722,873$20,499,015$38,337,261
68$59,858,018$26,935,807$21,138,245$41,305,933
69$65,914,553$28,206,679$21,797,394$44,538,433
70$72,587,312$29,538,281$22,477,081$48,059,988
71$79,939,101$30,933,540$23,177,947$51,898,320
72$88,039,131$32,395,525$23,900,649$56,083,901
73$96,963,670$33,927,454$24,645,869$60,650,227
74$106,796,766$35,532,700$25,414,307$65,634,125
75$117,631,035$37,214,802$26,206,686$71,076,088
76$129,568,542$38,977,468$27,023,751$77,020,644
77$142,721,757$40,824,588$27,866,270$83,516,764
78$157,214,623$42,760,239$28,735,037$90,618,310
79$173,183,721$44,788,698$29,630,867$98,384,531
80$190,779,563$46,914,447$30,554,604$106,880,604
81$210,168,011$49,142,187$31,507,116$116,178,236
82$231,531,843$51,476,848$32,489,298$126,356,323
83$255,072,475$53,923,599$33,502,075$137,501,681
84$281,011,871$56,487,858$34,546,397$149,709,843
85$309,594,627$59,175,309$35,623,247$163,085,942
86$341,090,291$61,991,911$36,733,638$177,745,690
87$375,795,898$64,943,912$37,878,612$193,816,441
88$414,038,781$68,037,865$39,059,247$211,438,380
89$456,179,656$71,280,640$40,276,651$230,765,816
90$502,616,032$74,679,442$41,531,970$251,968,620
91$553,785,958$78,241,826$42,826,382$275,233,804
92$610,172,165$81,975,714$44,161,104$300,767,257
93$672,306,615$85,889,413$45,537,391$328,795,664
94$740,775,532$89,991,637$46,956,535$359,568,617
95$816,224,928$94,291,518$48,419,871$393,360,940
96$899,366,706$98,798,638$49,928,772$430,475,256
97$990,985,381$103,523,043$51,484,657$471,244,808
98$1,091,945,484$108,475,266$53,088,987$516,036,569
99$1,203,199,725$113,666,355$54,743,270$565,254,675
100$1,325,797,986$119,107,896$56,449,058$619,344,202