Can I retire at age 61 with 5,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$437,669$433,771$429,967$426,254$422,629$418,390
2 years$216,668$212,633$208,722$204,930$201,252$196,982
3 years$143,010$138,958$135,057$131,301$127,683$123,514
4 years$106,189$102,149$98,287$94,595$91,064$87,030
5 years$84,102$80,086$76,275$72,658$69,226$65,337
6 years$69,382$65,396$61,641$58,105$54,776$51,038
7 years$58,872$54,920$51,224$47,771$44,547$40,962
8 years$50,993$47,076$43,442$40,074$36,956$33,523
9 years$44,868$40,988$37,417$34,134$31,123$27,840
10 years$39,971$36,129$32,621$29,424$26,518$23,385
11 years$35,967$32,164$28,719$25,608$22,806$19,819
12 years$32,632$28,868$25,487$22,461$19,764$16,920
13 years$29,813$26,089$22,771$19,830$17,234$14,530
14 years$27,399$23,714$20,460$17,603$15,107$12,540
15 years$25,308$21,663$18,473$15,699$13,302$10,867
16 years$23,481$19,875$16,748$14,057$11,756$9,450
17 years$21,870$18,304$15,240$12,630$10,424$8,241
18 years$20,440$16,914$13,912$11,382$9,268$7,206
19 years$19,162$15,676$12,736$10,285$8,261$6,314
20 years$18,013$14,567$11,688$9,315$7,379$5,543
21 years$16,975$13,568$10,751$8,454$6,603$4,874
22 years$16,032$12,666$9,909$7,686$5,919$4,292
23 years$15,173$11,846$9,149$7,000$5,313$3,784
24 years$14,387$11,099$8,461$6,384$4,776$3,340
25 years$13,664$10,416$7,837$5,831$4,297$2,950
26 years$12,998$9,789$7,268$5,331$3,871$2,608
27 years$12,383$9,213$6,749$4,880$3,490$2,308
28 years$11,813$8,681$6,274$4,471$3,149$2,043
29 years$11,282$8,190$5,839$4,100$2,843$1,810
30 years$10,789$7,734$5,439$3,763$2,569$1,604
31 years$10,327$7,311$5,070$3,456$2,323$1,422
32 years$9,896$6,918$4,731$3,176$2,101$1,262
33 years$9,492$6,551$4,417$2,921$1,902$1,119
34 years$9,112$6,209$4,127$2,687$1,722$994
35 years$8,754$5,889$3,858$2,474$1,559$882
36 years$8,418$5,590$3,610$2,278$1,413$783
37 years$8,100$5,309$3,378$2,099$1,281$696
38 years$7,800$5,046$3,164$1,935$1,161$618
39 years$7,515$4,798$2,964$1,784$1,053$549
40 years$7,246$4,565$2,778$1,645$955$488
41 years$6,990$4,345$2,605$1,518$866$434
42 years$6,748$4,138$2,444$1,401$786$386
43 years$6,517$3,943$2,293$1,293$713$343
44 years$6,297$3,758$2,152$1,194$648$305
45 years$6,088$3,584$2,021$1,103$588$271
46 years$5,888$3,419$1,898$1,019$534$241
47 years$5,698$3,263$1,783$941$485$214
48 years$5,515$3,115$1,676$870$440$190
49 years$5,341$2,974$1,575$804$400$169
50 years$5,175$2,841$1,481$743$363$151

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 $5,369 every year, while hoping to spend $58,726 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: 39/38/23 Blend
60$5,300,000$5,300,000$5,300,000$5,300,000
61$5,846,138$5,565,238$5,483,088$6,033,960
62$6,379,960$5,775,451$5,604,288$6,380,487
63$6,966,264$5,993,996$5,727,579$6,749,022
64$7,610,340$6,221,219$5,852,970$7,146,349
65$8,318,018$6,457,482$5,980,468$7,575,120
66$9,095,719$6,703,162$6,110,077$8,038,244
67$9,950,518$6,958,652$6,241,799$8,538,921
68$10,890,207$7,224,362$6,375,636$9,080,664
69$11,923,374$7,500,721$6,511,586$9,667,334
70$13,059,478$7,788,177$6,649,644$10,303,173
71$14,308,943$8,087,195$6,789,805$10,992,846
72$15,683,251$8,398,264$6,932,059$11,741,481
73$17,195,054$8,721,891$7,076,395$12,554,715
74$18,858,293$9,058,606$7,222,798$13,438,747
75$20,688,326$9,408,966$7,371,249$14,400,395
76$22,702,078$9,773,547$7,521,728$15,447,159
77$24,918,193$10,152,955$7,674,209$16,587,287
78$27,357,218$10,547,819$7,828,665$17,829,854
79$30,041,791$10,958,799$7,985,062$19,184,844
80$32,996,856$11,386,582$8,143,363$20,663,245
81$36,249,897$11,831,886$8,303,528$22,277,143
82$39,831,201$12,295,463$8,465,510$24,039,845
83$43,774,137$12,778,095$8,629,259$25,965,993
84$48,115,479$13,280,600$8,794,718$28,071,704
85$52,895,742$13,803,835$8,961,826$30,374,717
86$58,159,576$14,348,691$9,130,516$32,894,562
87$63,956,178$14,916,102$9,300,713$35,652,738
88$70,339,760$15,507,042$9,472,338$38,672,913
89$77,370,058$16,122,530$9,645,305$41,981,146
90$85,112,900$16,763,630$9,819,518$45,606,132
91$93,640,821$17,431,453$9,994,877$49,579,463
92$103,033,751$18,127,161$10,171,272$53,935,930
93$113,379,770$18,851,968$10,348,586$58,713,843
94$124,775,935$19,607,143$10,526,692$63,955,392
95$137,329,199$20,394,011$10,705,455$69,707,039
96$151,157,418$21,213,959$10,884,729$76,019,955
97$166,390,466$22,068,435$11,064,359$82,950,497
98$183,171,458$22,958,951$11,244,178$90,560,739
99$201,658,098$23,887,092$11,424,010$98,919,047
100$222,024,176$24,854,511$11,603,666$108,100,728