Can I retire at age 60 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$437,669$433,771$429,967$426,254$422,629$407,149
2 years$216,668$212,633$208,722$204,930$201,252$185,828
3 years$143,010$138,958$135,057$131,301$127,683$112,800
4 years$106,189$102,149$98,287$94,595$91,064$76,837
5 years$84,102$80,086$76,275$72,658$69,226$55,690
6 years$69,382$65,396$61,641$58,105$54,776$41,942
7 years$58,872$54,920$51,224$47,771$44,547$32,412
8 years$50,993$47,076$43,442$40,074$36,956$25,509
9 years$44,868$40,988$37,417$34,134$31,123$20,348
10 years$39,971$36,129$32,621$29,424$26,518$16,397
11 years$35,967$32,164$28,719$25,608$22,806$13,317
12 years$32,632$28,868$25,487$22,461$19,764$10,882
13 years$29,813$26,089$22,771$19,830$17,234$8,937
14 years$27,399$23,714$20,460$17,603$15,107$7,368
15 years$25,308$21,663$18,473$15,699$13,302$6,094
16 years$23,481$19,875$16,748$14,057$11,756$5,053
17 years$21,870$18,304$15,240$12,630$10,424$4,199
18 years$20,440$16,914$13,912$11,382$9,268$3,495
19 years$19,162$15,676$12,736$10,285$8,261$2,914
20 years$18,013$14,567$11,688$9,315$7,379$2,432
21 years$16,975$13,568$10,751$8,454$6,603$2,032
22 years$16,032$12,666$9,909$7,686$5,919$1,699
23 years$15,173$11,846$9,149$7,000$5,313$1,421
24 years$14,387$11,099$8,461$6,384$4,776$1,190
25 years$13,664$10,416$7,837$5,831$4,297$997
26 years$12,998$9,789$7,268$5,331$3,871$835
27 years$12,383$9,213$6,749$4,880$3,490$700
28 years$11,813$8,681$6,274$4,471$3,149$587
29 years$11,282$8,190$5,839$4,100$2,843$492
30 years$10,789$7,734$5,439$3,763$2,569$413
31 years$10,327$7,311$5,070$3,456$2,323$346
32 years$9,896$6,918$4,731$3,176$2,101$291
33 years$9,492$6,551$4,417$2,921$1,902$244
34 years$9,112$6,209$4,127$2,687$1,722$205
35 years$8,754$5,889$3,858$2,474$1,559$172
36 years$8,418$5,590$3,610$2,278$1,413$144
37 years$8,100$5,309$3,378$2,099$1,281$121
38 years$7,800$5,046$3,164$1,935$1,161$102
39 years$7,515$4,798$2,964$1,784$1,053$85
40 years$7,246$4,565$2,778$1,645$955$72
41 years$6,990$4,345$2,605$1,518$866$60
42 years$6,748$4,138$2,444$1,401$786$50
43 years$6,517$3,943$2,293$1,293$713$42
44 years$6,297$3,758$2,152$1,194$648$36
45 years$6,088$3,584$2,021$1,103$588$30
46 years$5,888$3,419$1,898$1,019$534$25
47 years$5,698$3,263$1,783$941$485$21
48 years$5,515$3,115$1,676$870$440$18
49 years$5,341$2,974$1,575$804$400$15
50 years$5,175$2,841$1,481$743$363$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $5,300,000, adding $3,627 every year, while hoping to spend $27,838 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: 66/28/6 Blend
59$5,300,000$5,300,000$5,300,000$5,300,000
60$5,844,341$5,563,441$5,481,291$6,224,384
61$6,410,845$5,806,430$5,635,295$6,720,105
62$7,034,198$6,060,393$5,793,525$7,257,966
63$7,720,172$6,325,838$5,956,093$7,845,015
64$8,475,122$6,603,296$6,123,115$8,486,040
65$9,306,053$6,893,326$6,294,708$9,186,306
66$10,220,682$7,196,511$6,470,993$9,951,605
67$11,227,515$7,513,463$6,652,094$10,788,310
68$12,335,920$7,844,822$6,838,138$11,703,431
69$13,556,223$8,191,257$7,029,255$12,704,685
70$14,899,802$8,553,473$7,225,579$13,800,560
71$16,379,192$8,932,204$7,427,246$15,000,399
72$18,008,208$9,328,220$7,634,397$16,314,484
73$19,802,071$9,742,328$7,847,175$17,754,131
74$21,777,555$10,175,375$8,065,728$19,331,799
75$23,953,141$10,628,244$8,290,205$21,061,199
76$26,349,197$11,101,863$8,520,763$22,957,427
77$28,988,165$11,597,204$8,757,558$25,037,100
78$31,894,775$12,115,285$9,000,754$27,318,514
79$35,096,279$12,657,170$9,250,516$29,821,813
80$38,622,705$13,223,978$9,507,014$32,569,177
81$42,507,145$13,816,877$9,770,423$35,585,028
82$46,786,063$14,437,093$10,040,922$38,896,258
83$51,499,642$15,085,910$10,318,692$42,532,482
84$56,692,159$15,764,674$10,603,922$46,526,310
85$62,412,409$16,474,793$10,896,803$50,913,658
86$68,714,160$17,217,743$11,197,532$55,734,079
87$75,656,664$17,995,072$11,506,309$61,031,134
88$83,305,214$18,808,401$11,823,341$66,852,800
89$91,731,761$19,659,427$12,148,837$73,251,923
90$101,015,591$20,549,930$12,483,014$80,286,704
91$111,244,079$21,481,775$12,826,093$88,021,254
92$122,513,507$22,456,914$13,178,299$96,526,189
93$134,929,977$23,477,394$13,539,864$105,879,294
94$148,610,409$24,545,361$13,911,024$116,166,254
95$163,683,649$25,663,062$14,292,021$127,481,455
96$180,291,681$26,832,852$14,683,104$139,928,874
97$198,590,970$28,057,199$15,084,525$153,623,049
98$218,753,937$29,338,690$15,496,545$168,690,164
99$240,970,587$30,680,034$15,919,428$185,269,224
100$265,450,303$32,084,072$16,353,445$203,513,371