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%15.2%
1 years$437,669$433,771$429,967$426,254$422,629$413,589
2 years$216,668$212,633$208,722$204,930$201,252$192,188
3 years$143,010$138,958$135,057$131,301$127,683$118,878
4 years$106,189$102,149$98,287$94,595$91,064$82,587
5 years$84,102$80,086$76,275$72,658$69,226$61,099
6 years$69,382$65,396$61,641$58,105$54,776$47,009
7 years$58,872$54,920$51,224$47,771$44,547$37,142
8 years$50,993$47,076$43,442$40,074$36,956$29,910
9 years$44,868$40,988$37,417$34,134$31,123$24,430
10 years$39,971$36,129$32,621$29,424$26,518$20,172
11 years$35,967$32,164$28,719$25,608$22,806$16,799
12 years$32,632$28,868$25,487$22,461$19,764$14,086
13 years$29,813$26,089$22,771$19,830$17,234$11,876
14 years$27,399$23,714$20,460$17,603$15,107$10,059
15 years$25,308$21,663$18,473$15,699$13,302$8,551
16 years$23,481$19,875$16,748$14,057$11,756$7,292
17 years$21,870$18,304$15,240$12,630$10,424$6,234
18 years$20,440$16,914$13,912$11,382$9,268$5,342
19 years$19,162$15,676$12,736$10,285$8,261$4,586
20 years$18,013$14,567$11,688$9,315$7,379$3,943
21 years$16,975$13,568$10,751$8,454$6,603$3,394
22 years$16,032$12,666$9,909$7,686$5,919$2,926
23 years$15,173$11,846$9,149$7,000$5,313$2,524
24 years$14,387$11,099$8,461$6,384$4,776$2,179
25 years$13,664$10,416$7,837$5,831$4,297$1,883
26 years$12,998$9,789$7,268$5,331$3,871$1,628
27 years$12,383$9,213$6,749$4,880$3,490$1,409
28 years$11,813$8,681$6,274$4,471$3,149$1,219
29 years$11,282$8,190$5,839$4,100$2,843$1,056
30 years$10,789$7,734$5,439$3,763$2,569$914
31 years$10,327$7,311$5,070$3,456$2,323$792
32 years$9,896$6,918$4,731$3,176$2,101$687
33 years$9,492$6,551$4,417$2,921$1,902$595
34 years$9,112$6,209$4,127$2,687$1,722$516
35 years$8,754$5,889$3,858$2,474$1,559$447
36 years$8,418$5,590$3,610$2,278$1,413$388
37 years$8,100$5,309$3,378$2,099$1,281$337
38 years$7,800$5,046$3,164$1,935$1,161$292
39 years$7,515$4,798$2,964$1,784$1,053$253
40 years$7,246$4,565$2,778$1,645$955$220
41 years$6,990$4,345$2,605$1,518$866$191
42 years$6,748$4,138$2,444$1,401$786$165
43 years$6,517$3,943$2,293$1,293$713$144
44 years$6,297$3,758$2,152$1,194$648$125
45 years$6,088$3,584$2,021$1,103$588$108
46 years$5,888$3,419$1,898$1,019$534$94
47 years$5,698$3,263$1,783$941$485$81
48 years$5,515$3,115$1,676$870$440$71
49 years$5,341$2,974$1,575$804$400$61
50 years$5,175$2,841$1,481$743$363$53

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 $3,944 every year, while hoping to spend $53,479 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: 75/11/14 Blend
61$5,300,000$5,300,000$5,300,000$5,300,000
62$5,844,668$5,563,768$5,481,618$6,265,405
63$6,383,923$5,779,492$5,608,351$6,759,607
64$6,976,390$6,003,993$5,737,537$7,294,033
65$7,627,439$6,237,646$5,869,202$7,878,297
66$8,342,988$6,480,841$6,003,371$8,517,339
67$9,129,556$6,733,986$6,140,067$9,216,596
68$9,994,325$6,997,505$6,279,314$9,982,059
69$10,945,207$7,271,844$6,421,132$10,820,320
70$11,990,921$7,557,467$6,565,542$11,738,641
71$13,141,070$7,854,858$6,712,563$12,745,021
72$14,406,237$8,164,524$6,862,211$13,848,265
73$15,798,081$8,486,994$7,014,504$15,058,075
74$17,329,450$8,822,821$7,169,454$16,385,134
75$19,014,497$9,172,582$7,327,074$17,841,208
76$20,868,819$9,536,882$7,487,374$19,439,261
77$22,909,599$9,916,349$7,650,361$21,193,567
78$25,155,771$10,311,644$7,816,042$23,119,853
79$27,628,199$10,723,453$7,984,418$25,235,443
80$30,349,870$11,152,498$8,155,492$27,559,419
81$33,346,115$11,599,529$8,329,259$30,112,804
82$36,644,845$12,065,332$8,505,715$32,918,756
83$40,276,814$12,550,728$8,684,852$36,002,787
84$44,275,912$13,056,576$8,866,656$39,393,005
85$48,679,479$13,583,772$9,051,113$43,120,373
86$53,528,664$14,133,255$9,238,204$47,219,006
87$58,868,808$14,706,005$9,427,904$51,726,489
88$64,749,873$15,303,046$9,620,186$56,684,231
89$71,226,916$15,925,451$9,815,017$62,137,853
90$78,360,602$16,574,339$10,012,361$68,137,621
91$86,217,783$17,250,881$10,212,175$74,738,917
92$94,872,125$17,956,303$10,414,412$82,002,761
93$104,404,805$18,691,884$10,619,017$89,996,385
94$114,905,273$19,458,964$10,825,932$98,793,867
95$126,472,100$20,258,943$11,035,090$108,476,828
96$139,213,909$21,093,285$11,246,420$119,135,204
97$153,250,394$21,963,523$11,459,841$130,868,087
98$168,713,455$22,871,257$11,675,267$143,784,666
99$185,748,442$23,818,163$11,892,603$158,005,252
100$204,515,523$24,805,992$12,111,745$173,662,412