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%11.8%
1 years$437,669$433,771$429,967$426,254$422,629$419,439
2 years$216,668$212,633$208,722$204,930$201,252$198,035
3 years$143,010$138,958$135,057$131,301$127,683$124,539
4 years$106,189$102,149$98,287$94,595$91,064$88,019
5 years$84,102$80,086$76,275$72,658$69,226$66,287
6 years$69,382$65,396$61,641$58,105$54,776$51,947
7 years$58,872$54,920$51,224$47,771$44,547$41,831
8 years$50,993$47,076$43,442$40,074$36,956$34,351
9 years$44,868$40,988$37,417$34,134$31,123$28,629
10 years$39,971$36,129$32,621$29,424$26,518$24,134
11 years$35,967$32,164$28,719$25,608$22,806$20,530
12 years$32,632$28,868$25,487$22,461$19,764$17,593
13 years$29,813$26,089$22,771$19,830$17,234$15,167
14 years$27,399$23,714$20,460$17,603$15,107$13,141
15 years$25,308$21,663$18,473$15,699$13,302$11,434
16 years$23,481$19,875$16,748$14,057$11,756$9,983
17 years$21,870$18,304$15,240$12,630$10,424$8,744
18 years$20,440$16,914$13,912$11,382$9,268$7,678
19 years$19,162$15,676$12,736$10,285$8,261$6,757
20 years$18,013$14,567$11,688$9,315$7,379$5,958
21 years$16,975$13,568$10,751$8,454$6,603$5,262
22 years$16,032$12,666$9,909$7,686$5,919$4,654
23 years$15,173$11,846$9,149$7,000$5,313$4,122
24 years$14,387$11,099$8,461$6,384$4,776$3,655
25 years$13,664$10,416$7,837$5,831$4,297$3,244
26 years$12,998$9,789$7,268$5,331$3,871$2,882
27 years$12,383$9,213$6,749$4,880$3,490$2,562
28 years$11,813$8,681$6,274$4,471$3,149$2,279
29 years$11,282$8,190$5,839$4,100$2,843$2,029
30 years$10,789$7,734$5,439$3,763$2,569$1,807
31 years$10,327$7,311$5,070$3,456$2,323$1,610
32 years$9,896$6,918$4,731$3,176$2,101$1,435
33 years$9,492$6,551$4,417$2,921$1,902$1,280
34 years$9,112$6,209$4,127$2,687$1,722$1,141
35 years$8,754$5,889$3,858$2,474$1,559$1,018
36 years$8,418$5,590$3,610$2,278$1,413$909
37 years$8,100$5,309$3,378$2,099$1,281$811
38 years$7,800$5,046$3,164$1,935$1,161$725
39 years$7,515$4,798$2,964$1,784$1,053$647
40 years$7,246$4,565$2,778$1,645$955$578
41 years$6,990$4,345$2,605$1,518$866$516
42 years$6,748$4,138$2,444$1,401$786$461
43 years$6,517$3,943$2,293$1,293$713$412
44 years$6,297$3,758$2,152$1,194$648$368
45 years$6,088$3,584$2,021$1,103$588$329
46 years$5,888$3,419$1,898$1,019$534$294
47 years$5,698$3,263$1,783$941$485$263
48 years$5,515$3,115$1,676$870$440$235
49 years$5,341$2,974$1,575$804$400$210
50 years$5,175$2,841$1,481$743$363$188

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 $5,253 every year, while hoping to spend $46,188 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: 36/34/30 Blend
61$5,300,000$5,300,000$5,300,000$5,300,000
62$5,846,018$5,565,118$5,482,968$6,003,738
63$6,393,169$5,788,666$5,617,504$6,345,708
64$6,994,580$6,021,619$5,754,999$6,710,113
65$7,655,739$6,264,389$5,895,503$7,102,659
66$8,382,689$6,517,409$6,039,067$7,525,913
67$9,182,088$6,781,127$6,185,741$7,982,693
68$10,061,274$7,056,016$6,335,576$8,476,093
69$11,028,330$7,342,566$6,488,623$9,009,511
70$12,092,160$7,641,292$6,644,933$9,586,679
71$13,262,577$7,952,732$6,804,555$10,211,699
72$14,550,394$8,277,450$6,967,541$10,889,074
73$15,967,521$8,616,032$7,133,941$11,623,758
74$17,527,084$8,969,093$7,303,804$12,421,190
75$19,243,545$9,337,277$7,477,180$13,287,355
76$21,132,839$9,721,256$7,654,118$14,228,827
77$23,212,524$10,121,734$7,834,666$15,252,841
78$25,501,948$10,539,445$8,018,874$16,367,347
79$28,022,428$10,975,159$8,206,787$17,581,092
80$30,797,454$11,429,680$8,398,453$18,903,697
81$33,852,910$11,903,850$8,593,917$20,345,745
82$37,217,317$12,398,549$8,793,223$21,918,878
83$40,922,103$12,914,697$8,996,416$23,635,908
84$45,001,899$13,453,259$9,203,537$25,510,928
85$49,494,864$14,015,241$9,414,628$27,559,451
86$54,443,050$14,601,697$9,629,728$29,798,546
87$59,892,791$15,213,730$9,848,874$32,247,002
88$65,895,148$15,852,495$10,072,103$34,925,498
89$72,506,383$16,519,197$10,299,448$37,856,795
90$79,788,497$17,215,101$10,530,943$41,065,951
91$87,809,811$17,941,528$10,766,616$44,580,551
92$96,645,609$18,699,860$11,006,496$48,430,965
93$106,378,854$19,491,546$11,250,606$52,650,628
94$117,100,964$20,318,099$11,498,968$57,276,356
95$128,912,681$21,181,104$11,751,602$62,348,685
96$141,925,016$22,082,221$12,008,523$67,912,254
97$156,260,302$23,023,184$12,269,743$74,016,217
98$172,053,344$24,005,810$12,535,270$80,714,705
99$189,452,692$25,032,002$12,805,108$88,067,330
100$208,622,046$26,103,750$13,079,259$96,139,746