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%11.7%
1 years$437,669$433,771$429,967$426,254$422,629$419,614
2 years$216,668$212,633$208,722$204,930$201,252$198,212
3 years$143,010$138,958$135,057$131,301$127,683$124,711
4 years$106,189$102,149$98,287$94,595$91,064$88,185
5 years$84,102$80,086$76,275$72,658$69,226$66,446
6 years$69,382$65,396$61,641$58,105$54,776$52,100
7 years$58,872$54,920$51,224$47,771$44,547$41,977
8 years$50,993$47,076$43,442$40,074$36,956$34,491
9 years$44,868$40,988$37,417$34,134$31,123$28,762
10 years$39,971$36,129$32,621$29,424$26,518$24,261
11 years$35,967$32,164$28,719$25,608$22,806$20,650
12 years$32,632$28,868$25,487$22,461$19,764$17,707
13 years$29,813$26,089$22,771$19,830$17,234$15,275
14 years$27,399$23,714$20,460$17,603$15,107$13,244
15 years$25,308$21,663$18,473$15,699$13,302$11,531
16 years$23,481$19,875$16,748$14,057$11,756$10,075
17 years$21,870$18,304$15,240$12,630$10,424$8,830
18 years$20,440$16,914$13,912$11,382$9,268$7,759
19 years$19,162$15,676$12,736$10,285$8,261$6,833
20 years$18,013$14,567$11,688$9,315$7,379$6,029
21 years$16,975$13,568$10,751$8,454$6,603$5,329
22 years$16,032$12,666$9,909$7,686$5,919$4,718
23 years$15,173$11,846$9,149$7,000$5,313$4,181
24 years$14,387$11,099$8,461$6,384$4,776$3,710
25 years$13,664$10,416$7,837$5,831$4,297$3,296
26 years$12,998$9,789$7,268$5,331$3,871$2,930
27 years$12,383$9,213$6,749$4,880$3,490$2,607
28 years$11,813$8,681$6,274$4,471$3,149$2,321
29 years$11,282$8,190$5,839$4,100$2,843$2,067
30 years$10,789$7,734$5,439$3,763$2,569$1,843
31 years$10,327$7,311$5,070$3,456$2,323$1,643
32 years$9,896$6,918$4,731$3,176$2,101$1,466
33 years$9,492$6,551$4,417$2,921$1,902$1,308
34 years$9,112$6,209$4,127$2,687$1,722$1,168
35 years$8,754$5,889$3,858$2,474$1,559$1,043
36 years$8,418$5,590$3,610$2,278$1,413$932
37 years$8,100$5,309$3,378$2,099$1,281$832
38 years$7,800$5,046$3,164$1,935$1,161$744
39 years$7,515$4,798$2,964$1,784$1,053$665
40 years$7,246$4,565$2,778$1,645$955$594
41 years$6,990$4,345$2,605$1,518$866$532
42 years$6,748$4,138$2,444$1,401$786$475
43 years$6,517$3,943$2,293$1,293$713$425
44 years$6,297$3,758$2,152$1,194$648$380
45 years$6,088$3,584$2,021$1,103$588$340
46 years$5,888$3,419$1,898$1,019$534$304
47 years$5,698$3,263$1,783$941$485$272
48 years$5,515$3,115$1,676$870$440$244
49 years$5,341$2,974$1,575$804$400$218
50 years$5,175$2,841$1,481$743$363$195

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 $3,888 every year, while hoping to spend $47,525 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: 24/50/26 Blend
60$5,300,000$5,300,000$5,300,000$5,300,000
61$5,844,610$5,563,710$5,481,560$5,936,667
62$6,390,195$5,785,766$5,614,627$6,236,336
63$6,989,835$6,017,110$5,750,557$6,552,887
64$7,648,996$6,258,146$5,889,399$6,891,048
65$8,373,697$6,509,298$6,031,197$7,252,647
66$9,170,569$6,771,009$6,175,997$7,639,681
67$10,046,919$7,043,740$6,323,845$8,054,338
68$11,010,797$7,327,975$6,474,785$8,499,012
69$12,071,071$7,624,219$6,628,864$8,976,326
70$13,237,514$7,933,000$6,786,125$9,489,154
71$14,520,894$8,254,869$6,946,613$10,040,646
72$15,933,072$8,590,405$7,110,371$10,634,252
73$17,487,120$8,940,210$7,277,444$11,273,759
74$19,197,441$9,304,915$7,447,873$11,963,317
75$21,079,904$9,685,179$7,621,700$12,707,482
76$23,151,994$10,081,693$7,798,967$13,511,251
77$25,432,978$10,495,177$7,979,713$14,380,108
78$27,944,086$10,926,385$8,163,978$15,320,075
79$30,708,711$11,376,106$8,351,800$16,337,762
80$33,752,629$11,845,165$8,543,215$17,440,430
81$37,104,243$12,334,424$8,738,258$18,636,052
82$40,794,851$12,844,785$8,936,964$19,933,388
83$44,858,938$13,377,192$9,139,365$21,342,063
84$49,334,508$13,932,632$9,345,492$22,872,655
85$54,263,434$14,512,138$9,555,372$24,536,787
86$59,691,860$15,116,788$9,769,033$26,347,236
87$65,670,632$15,747,714$9,986,498$28,318,051
88$72,255,781$16,406,096$10,207,790$30,464,675
89$79,509,047$17,093,171$10,432,928$32,804,093
90$87,498,467$17,810,233$10,661,927$35,354,980
91$96,299,011$18,558,635$10,894,803$38,137,880
92$105,993,296$19,339,794$11,131,564$41,175,388
93$116,672,359$20,155,190$11,372,218$44,492,361
94$128,436,520$21,006,375$11,616,768$48,116,146
95$141,396,328$21,894,971$11,865,213$52,076,833
96$155,673,605$22,822,676$12,117,549$56,407,528
97$171,402,591$23,791,265$12,373,765$61,144,668
98$188,731,218$24,802,600$12,633,849$66,328,347
99$207,822,499$25,858,625$12,897,780$72,002,696
100$228,856,074$26,961,377$13,165,536$78,216,287