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%12.1%
1 years$437,669$433,771$429,967$426,254$422,629$418,913
2 years$216,668$212,633$208,722$204,930$201,252$197,508
3 years$143,010$138,958$135,057$131,301$127,683$124,025
4 years$106,189$102,149$98,287$94,595$91,064$87,523
5 years$84,102$80,086$76,275$72,658$69,226$65,810
6 years$69,382$65,396$61,641$58,105$54,776$51,491
7 years$58,872$54,920$51,224$47,771$44,547$41,394
8 years$50,993$47,076$43,442$40,074$36,956$33,935
9 years$44,868$40,988$37,417$34,134$31,123$28,232
10 years$39,971$36,129$32,621$29,424$26,518$23,756
11 years$35,967$32,164$28,719$25,608$22,806$20,172
12 years$32,632$28,868$25,487$22,461$19,764$17,253
13 years$29,813$26,089$22,771$19,830$17,234$14,845
14 years$27,399$23,714$20,460$17,603$15,107$12,837
15 years$25,308$21,663$18,473$15,699$13,302$11,147
16 years$23,481$19,875$16,748$14,057$11,756$9,713
17 years$21,870$18,304$15,240$12,630$10,424$8,489
18 years$20,440$16,914$13,912$11,382$9,268$7,438
19 years$19,162$15,676$12,736$10,285$8,261$6,532
20 years$18,013$14,567$11,688$9,315$7,379$5,747
21 years$16,975$13,568$10,751$8,454$6,603$5,065
22 years$16,032$12,666$9,909$7,686$5,919$4,470
23 years$15,173$11,846$9,149$7,000$5,313$3,950
24 years$14,387$11,099$8,461$6,384$4,776$3,494
25 years$13,664$10,416$7,837$5,831$4,297$3,094
26 years$12,998$9,789$7,268$5,331$3,871$2,742
27 years$12,383$9,213$6,749$4,880$3,490$2,432
28 years$11,813$8,681$6,274$4,471$3,149$2,158
29 years$11,282$8,190$5,839$4,100$2,843$1,916
30 years$10,789$7,734$5,439$3,763$2,569$1,703
31 years$10,327$7,311$5,070$3,456$2,323$1,513
32 years$9,896$6,918$4,731$3,176$2,101$1,346
33 years$9,492$6,551$4,417$2,921$1,902$1,197
34 years$9,112$6,209$4,127$2,687$1,722$1,065
35 years$8,754$5,889$3,858$2,474$1,559$948
36 years$8,418$5,590$3,610$2,278$1,413$844
37 years$8,100$5,309$3,378$2,099$1,281$751
38 years$7,800$5,046$3,164$1,935$1,161$669
39 years$7,515$4,798$2,964$1,784$1,053$596
40 years$7,246$4,565$2,778$1,645$955$531
41 years$6,990$4,345$2,605$1,518$866$473
42 years$6,748$4,138$2,444$1,401$786$422
43 years$6,517$3,943$2,293$1,293$713$376
44 years$6,297$3,758$2,152$1,194$648$335
45 years$6,088$3,584$2,021$1,103$588$299
46 years$5,888$3,419$1,898$1,019$534$266
47 years$5,698$3,263$1,783$941$485$237
48 years$5,515$3,115$1,676$870$440$212
49 years$5,341$2,974$1,575$804$400$189
50 years$5,175$2,841$1,481$743$363$168

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 $4,121 every year, while hoping to spend $32,711 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: 57/17/26 Blend
59$5,300,000$5,300,000$5,300,000$5,300,000
60$5,844,851$5,563,951$5,481,801$6,136,299
61$6,406,221$5,801,780$5,630,637$6,574,260
62$7,023,755$6,050,167$5,783,363$7,047,574
63$7,703,147$6,309,594$5,940,074$7,562,786
64$8,450,670$6,580,566$6,100,868$8,123,952
65$9,273,237$6,863,612$6,265,846$8,735,537
66$10,178,465$7,159,287$6,435,110$9,402,450
67$11,174,746$7,468,169$6,608,763$10,130,096
68$12,271,327$7,790,867$6,786,914$10,924,419
69$13,478,397$8,128,014$6,969,670$11,791,962
70$14,807,183$8,480,276$7,157,144$12,739,927
71$16,270,056$8,848,350$7,349,449$13,776,238
72$17,880,647$9,232,964$7,546,700$14,909,619
73$19,653,976$9,634,883$7,749,018$16,149,672
74$21,606,595$10,054,905$7,956,523$17,506,971
75$23,756,739$10,493,867$8,169,338$18,993,152
76$26,124,506$10,952,646$8,387,591$20,621,029
77$28,732,039$11,432,160$8,611,409$22,404,710
78$31,603,740$11,933,368$8,840,924$24,359,729
79$34,766,498$12,457,279$9,076,270$26,503,192
80$38,249,940$13,004,945$9,317,585$28,853,934
81$42,086,717$13,577,471$9,565,007$31,432,699
82$46,312,807$14,176,011$9,818,680$34,262,331
83$50,967,855$14,801,778$10,078,747$37,367,986
84$56,095,549$15,456,038$10,345,358$40,777,374
85$61,744,030$16,140,119$10,618,663$44,521,011
86$67,966,349$16,855,412$10,898,816$48,632,510
87$74,820,964$17,603,375$11,185,973$53,148,893
88$82,372,293$18,385,532$11,480,295$58,110,939
89$90,691,326$19,203,481$11,781,943$63,563,568
90$99,856,287$20,058,898$12,091,085$69,556,259
91$109,953,380$20,953,535$12,407,887$76,143,518
92$121,077,596$21,889,230$12,732,523$83,385,387
93$133,333,614$22,867,906$13,065,166$91,348,010
94$146,836,789$23,891,579$13,405,995$100,104,253
95$161,714,237$24,962,362$13,755,191$109,734,387
96$178,106,037$26,082,466$14,112,938$120,326,848
97$196,166,555$27,254,209$14,479,424$131,979,061
98$216,065,898$28,480,019$14,854,838$144,798,362
99$237,991,519$29,762,439$15,239,375$158,903,004
100$262,149,991$31,104,136$15,633,232$174,423,273