Can I retire at age 62 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%12.7%
1 years$437,669$433,771$429,967$426,254$422,629$417,868
2 years$216,668$212,633$208,722$204,930$201,252$196,459
3 years$143,010$138,958$135,057$131,301$127,683$123,006
4 years$106,189$102,149$98,287$94,595$91,064$86,541
5 years$84,102$80,086$76,275$72,658$69,226$64,868
6 years$69,382$65,396$61,641$58,105$54,776$50,590
7 years$58,872$54,920$51,224$47,771$44,547$40,535
8 years$50,993$47,076$43,442$40,074$36,956$33,116
9 years$44,868$40,988$37,417$34,134$31,123$27,454
10 years$39,971$36,129$32,621$29,424$26,518$23,018
11 years$35,967$32,164$28,719$25,608$22,806$19,473
12 years$32,632$28,868$25,487$22,461$19,764$16,592
13 years$29,813$26,089$22,771$19,830$17,234$14,221
14 years$27,399$23,714$20,460$17,603$15,107$12,249
15 years$25,308$21,663$18,473$15,699$13,302$10,593
16 years$23,481$19,875$16,748$14,057$11,756$9,193
17 years$21,870$18,304$15,240$12,630$10,424$8,001
18 years$20,440$16,914$13,912$11,382$9,268$6,980
19 years$19,162$15,676$12,736$10,285$8,261$6,103
20 years$18,013$14,567$11,688$9,315$7,379$5,346
21 years$16,975$13,568$10,751$8,454$6,603$4,691
22 years$16,032$12,666$9,909$7,686$5,919$4,121
23 years$15,173$11,846$9,149$7,000$5,313$3,625
24 years$14,387$11,099$8,461$6,384$4,776$3,192
25 years$13,664$10,416$7,837$5,831$4,297$2,813
26 years$12,998$9,789$7,268$5,331$3,871$2,481
27 years$12,383$9,213$6,749$4,880$3,490$2,190
28 years$11,813$8,681$6,274$4,471$3,149$1,934
29 years$11,282$8,190$5,839$4,100$2,843$1,709
30 years$10,789$7,734$5,439$3,763$2,569$1,511
31 years$10,327$7,311$5,070$3,456$2,323$1,337
32 years$9,896$6,918$4,731$3,176$2,101$1,183
33 years$9,492$6,551$4,417$2,921$1,902$1,047
34 years$9,112$6,209$4,127$2,687$1,722$927
35 years$8,754$5,889$3,858$2,474$1,559$821
36 years$8,418$5,590$3,610$2,278$1,413$727
37 years$8,100$5,309$3,378$2,099$1,281$644
38 years$7,800$5,046$3,164$1,935$1,161$571
39 years$7,515$4,798$2,964$1,784$1,053$506
40 years$7,246$4,565$2,778$1,645$955$448
41 years$6,990$4,345$2,605$1,518$866$397
42 years$6,748$4,138$2,444$1,401$786$352
43 years$6,517$3,943$2,293$1,293$713$312
44 years$6,297$3,758$2,152$1,194$648$277
45 years$6,088$3,584$2,021$1,103$588$246
46 years$5,888$3,419$1,898$1,019$534$218
47 years$5,698$3,263$1,783$941$485$193
48 years$5,515$3,115$1,676$870$440$171
49 years$5,341$2,974$1,575$804$400$152
50 years$5,175$2,841$1,481$743$363$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $5,300,000, adding $3,049 every year, while hoping to spend $45,798 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: 59/31/10 Blend
61$5,300,000$5,300,000$5,300,000$5,300,000
62$5,843,745$5,562,845$5,480,695$6,174,650
63$6,391,078$5,786,696$5,615,570$6,621,332
64$6,992,705$6,019,980$5,753,428$7,102,728
65$7,654,114$6,263,112$5,894,320$7,626,512
66$8,381,353$6,516,525$6,038,300$8,196,765
67$9,181,086$6,780,669$6,185,418$8,817,970
68$10,060,654$7,056,020$6,335,727$9,495,060
69$11,028,146$7,343,070$6,489,279$10,233,461
70$12,092,473$7,642,336$6,646,126$11,039,139
71$13,263,455$7,954,360$6,806,321$11,918,661
72$14,551,909$8,279,706$6,969,914$12,879,249
73$15,969,757$8,618,964$7,136,959$13,928,853
74$17,530,131$8,972,753$7,307,507$15,076,217
75$19,247,505$9,341,718$7,481,609$16,330,966
76$21,137,824$9,726,536$7,659,316$17,703,694
77$23,218,659$10,127,913$7,840,680$19,206,059
78$25,509,369$10,546,587$8,025,749$20,850,896
79$28,031,287$10,983,333$8,214,575$22,652,329
80$30,807,920$11,438,957$8,407,204$24,625,912
81$33,865,169$11,914,307$8,603,687$26,788,764
82$37,231,574$12,410,267$8,804,068$29,159,735
83$40,938,586$12,927,761$9,008,396$31,759,579
84$45,020,859$13,467,758$9,216,715$34,611,148
85$49,516,580$14,031,272$9,429,068$37,739,603
86$54,467,828$14,619,360$9,645,498$41,172,652
87$59,920,970$15,233,133$9,866,046$44,940,809
88$65,927,101$15,873,749$10,090,751$49,077,675
89$72,542,525$16,542,422$10,319,651$53,620,257
90$79,829,285$17,240,423$10,552,781$58,609,310
91$87,855,747$17,969,079$10,790,175$64,089,721
92$96,697,251$18,729,782$11,031,863$70,110,929
93$106,436,816$19,523,986$11,277,875$76,727,388
94$117,165,923$20,353,213$11,528,236$83,999,077
95$128,985,385$21,219,059$11,782,970$91,992,062
96$142,006,292$22,123,190$12,042,097$100,779,116
97$156,351,059$23,067,351$12,305,632$110,440,401
98$172,154,586$24,053,371$12,573,590$121,064,223
99$189,565,528$25,083,161$12,845,980$132,747,856
100$208,747,699$26,158,722$13,122,807$145,598,460