Can I retire at age 61 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%16.5%
1 years$437,669$433,771$429,967$426,254$422,629$411,411
2 years$216,668$212,633$208,722$204,930$201,252$190,028
3 years$143,010$138,958$135,057$131,301$127,683$116,804
4 years$106,189$102,149$98,287$94,595$91,064$80,615
5 years$84,102$80,086$76,275$72,658$69,226$59,235
6 years$69,382$65,396$61,641$58,105$54,776$45,253
7 years$58,872$54,920$51,224$47,771$44,547$35,492
8 years$50,993$47,076$43,442$40,074$36,956$28,365
9 years$44,868$40,988$37,417$34,134$31,123$22,987
10 years$39,971$36,129$32,621$29,424$26,518$18,829
11 years$35,967$32,164$28,719$25,608$22,806$15,551
12 years$32,632$28,868$25,487$22,461$19,764$12,929
13 years$29,813$26,089$22,771$19,830$17,234$10,806
14 years$27,399$23,714$20,460$17,603$15,107$9,071
15 years$25,308$21,663$18,473$15,699$13,302$7,642
16 years$23,481$19,875$16,748$14,057$11,756$6,457
17 years$21,870$18,304$15,240$12,630$10,424$5,468
18 years$20,440$16,914$13,912$11,382$9,268$4,641
19 years$19,162$15,676$12,736$10,285$8,261$3,946
20 years$18,013$14,567$11,688$9,315$7,379$3,359
21 years$16,975$13,568$10,751$8,454$6,603$2,863
22 years$16,032$12,666$9,909$7,686$5,919$2,443
23 years$15,173$11,846$9,149$7,000$5,313$2,086
24 years$14,387$11,099$8,461$6,384$4,776$1,783
25 years$13,664$10,416$7,837$5,831$4,297$1,525
26 years$12,998$9,789$7,268$5,331$3,871$1,305
27 years$12,383$9,213$6,749$4,880$3,490$1,117
28 years$11,813$8,681$6,274$4,471$3,149$957
29 years$11,282$8,190$5,839$4,100$2,843$819
30 years$10,789$7,734$5,439$3,763$2,569$702
31 years$10,327$7,311$5,070$3,456$2,323$602
32 years$9,896$6,918$4,731$3,176$2,101$516
33 years$9,492$6,551$4,417$2,921$1,902$442
34 years$9,112$6,209$4,127$2,687$1,722$379
35 years$8,754$5,889$3,858$2,474$1,559$325
36 years$8,418$5,590$3,610$2,278$1,413$279
37 years$8,100$5,309$3,378$2,099$1,281$239
38 years$7,800$5,046$3,164$1,935$1,161$205
39 years$7,515$4,798$2,964$1,784$1,053$176
40 years$7,246$4,565$2,778$1,645$955$151
41 years$6,990$4,345$2,605$1,518$866$130
42 years$6,748$4,138$2,444$1,401$786$111
43 years$6,517$3,943$2,293$1,293$713$96
44 years$6,297$3,758$2,152$1,194$648$82
45 years$6,088$3,584$2,021$1,103$588$70
46 years$5,888$3,419$1,898$1,019$534$60
47 years$5,698$3,263$1,783$941$485$52
48 years$5,515$3,115$1,676$870$440$45
49 years$5,341$2,974$1,575$804$400$38
50 years$5,175$2,841$1,481$743$363$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,300,000, adding $3,751 every year, while hoping to spend $35,904 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: 35/39/26 Blend
60$5,300,000$5,300,000$5,300,000$5,300,000
61$5,844,469$5,563,569$5,481,419$6,002,990
62$6,402,403$5,797,982$5,626,845$6,355,836
63$7,016,044$6,042,679$5,775,940$6,732,764
64$7,691,034$6,298,124$5,928,787$7,138,763
65$8,433,593$6,564,805$6,085,475$7,576,455
66$9,250,572$6,843,234$6,246,091$8,048,715
67$10,149,521$7,133,942$6,410,726$8,558,697
68$11,138,757$7,437,491$6,579,470$9,109,863
69$12,227,446$7,754,464$6,752,419$9,706,012
70$13,425,687$8,085,473$6,929,665$10,351,316
71$14,744,605$8,431,160$7,111,308$11,050,353
72$16,196,463$8,792,194$7,297,444$11,808,155
73$17,794,769$9,169,279$7,488,175$12,630,247
74$19,554,409$9,563,148$7,683,603$13,522,697
75$21,491,787$9,974,570$7,883,832$14,492,175
76$23,624,977$10,404,351$8,088,968$15,546,010
77$25,973,894$10,853,334$8,299,118$16,692,259
78$28,560,485$11,322,401$8,514,392$17,939,775
79$31,408,932$11,812,476$8,734,901$19,298,293
80$34,545,881$12,324,526$8,960,759$20,778,519
81$38,000,696$12,859,563$9,192,080$22,392,222
82$41,805,733$13,418,647$9,428,980$24,152,347
83$45,996,646$14,002,889$9,671,580$26,073,133
84$50,612,725$14,613,451$9,919,998$28,170,240
85$55,697,262$15,251,550$10,174,358$30,460,899
86$61,297,967$15,918,460$10,434,782$32,964,065
87$67,467,410$16,615,516$10,701,399$35,700,595
88$74,263,524$17,344,114$10,974,333$38,693,440
89$81,750,146$18,105,718$11,253,716$41,967,854
90$89,997,624$18,901,861$11,539,678$45,551,633
91$99,083,476$19,734,147$11,832,352$49,475,370
92$109,093,128$20,604,257$12,131,873$53,772,735
93$120,120,713$21,513,951$12,438,377$58,480,794
94$132,269,964$22,465,073$12,752,001$63,640,348
95$145,655,192$23,459,554$13,072,885$69,296,313
96$160,402,365$24,499,415$13,401,170$75,498,142
97$176,650,295$25,586,776$13,736,998$82,300,278
98$194,551,951$26,723,854$14,080,513$89,762,669
99$214,275,901$27,912,974$14,431,862$97,951,322
100$236,007,903$29,156,569$14,791,189$106,938,918