Can I retire at age 63 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%11.3%
1 years$437,669$433,771$429,967$426,254$422,629$420,318
2 years$216,668$212,633$208,722$204,930$201,252$198,920
3 years$143,010$138,958$135,057$131,301$127,683$125,402
4 years$106,189$102,149$98,287$94,595$91,064$88,852
5 years$84,102$80,086$76,275$72,658$69,226$67,089
6 years$69,382$65,396$61,641$58,105$54,776$52,718
7 years$58,872$54,920$51,224$47,771$44,547$42,568
8 years$50,993$47,076$43,442$40,074$36,956$35,057
9 years$44,868$40,988$37,417$34,134$31,123$29,302
10 years$39,971$36,129$32,621$29,424$26,518$24,775
11 years$35,967$32,164$28,719$25,608$22,806$21,140
12 years$32,632$28,868$25,487$22,461$19,764$18,173
13 years$29,813$26,089$22,771$19,830$17,234$15,717
14 years$27,399$23,714$20,460$17,603$15,107$13,662
15 years$25,308$21,663$18,473$15,699$13,302$11,927
16 years$23,481$19,875$16,748$14,057$11,756$10,450
17 years$21,870$18,304$15,240$12,630$10,424$9,183
18 years$20,440$16,914$13,912$11,382$9,268$8,092
19 years$19,162$15,676$12,736$10,285$8,261$7,147
20 years$18,013$14,567$11,688$9,315$7,379$6,325
21 years$16,975$13,568$10,751$8,454$6,603$5,607
22 years$16,032$12,666$9,909$7,686$5,919$4,978
23 years$15,173$11,846$9,149$7,000$5,313$4,425
24 years$14,387$11,099$8,461$6,384$4,776$3,939
25 years$13,664$10,416$7,837$5,831$4,297$3,509
26 years$12,998$9,789$7,268$5,331$3,871$3,130
27 years$12,383$9,213$6,749$4,880$3,490$2,793
28 years$11,813$8,681$6,274$4,471$3,149$2,495
29 years$11,282$8,190$5,839$4,100$2,843$2,230
30 years$10,789$7,734$5,439$3,763$2,569$1,994
31 years$10,327$7,311$5,070$3,456$2,323$1,784
32 years$9,896$6,918$4,731$3,176$2,101$1,597
33 years$9,492$6,551$4,417$2,921$1,902$1,430
34 years$9,112$6,209$4,127$2,687$1,722$1,280
35 years$8,754$5,889$3,858$2,474$1,559$1,147
36 years$8,418$5,590$3,610$2,278$1,413$1,028
37 years$8,100$5,309$3,378$2,099$1,281$922
38 years$7,800$5,046$3,164$1,935$1,161$827
39 years$7,515$4,798$2,964$1,784$1,053$741
40 years$7,246$4,565$2,778$1,645$955$665
41 years$6,990$4,345$2,605$1,518$866$597
42 years$6,748$4,138$2,444$1,401$786$535
43 years$6,517$3,943$2,293$1,293$713$481
44 years$6,297$3,758$2,152$1,194$648$431
45 years$6,088$3,584$2,021$1,103$588$387
46 years$5,888$3,419$1,898$1,019$534$348
47 years$5,698$3,263$1,783$941$485$312
48 years$5,515$3,115$1,676$870$440$280
49 years$5,341$2,974$1,575$804$400$252
50 years$5,175$2,841$1,481$743$363$226

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $5,300,000, adding $4,429 every year, while hoping to spend $49,772 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: 45/41/14 Blend
62$5,300,000$5,300,000$5,300,000$5,300,000
63$5,845,169$5,564,269$5,482,119$6,084,640
64$6,388,419$5,783,961$5,612,812$6,471,501
65$6,985,412$6,012,750$5,746,217$6,885,370
66$7,641,578$6,251,028$5,882,369$7,333,066
67$8,362,899$6,499,208$6,021,308$7,817,737
68$9,155,963$6,757,718$6,163,070$8,342,841
69$10,028,031$7,027,006$6,307,693$8,912,176
70$10,987,102$7,307,541$6,455,212$9,529,917
71$12,041,989$7,599,813$6,605,665$10,200,650
72$13,202,402$7,904,334$6,759,084$10,929,415
73$14,479,039$8,221,639$6,915,506$11,721,753
74$15,883,688$8,552,286$7,074,962$12,583,754
75$17,429,337$8,896,860$7,237,486$13,522,115
76$19,130,295$9,255,972$7,403,107$14,544,201
77$21,002,330$9,630,260$7,571,857$15,658,108
78$23,062,817$10,020,392$7,743,763$16,872,745
79$25,330,898$10,427,065$7,918,853$18,197,908
80$27,827,668$10,851,009$8,097,152$19,644,376
81$30,576,368$11,292,986$8,278,685$21,224,006
82$33,602,608$11,753,794$8,463,472$22,949,844
83$36,934,611$12,234,266$8,651,534$24,836,247
84$40,603,470$12,735,274$8,842,890$26,899,012
85$44,643,451$13,257,730$9,037,554$29,155,527
86$49,092,311$13,802,586$9,235,540$31,624,927
87$53,991,654$14,370,840$9,436,858$34,328,273
88$59,387,325$14,963,534$9,641,515$37,288,751
89$65,329,844$15,581,759$9,849,518$40,531,883
90$71,874,878$16,226,655$10,060,866$44,085,764
91$79,083,768$16,899,414$10,275,558$47,981,328
92$87,024,112$17,601,284$10,493,588$52,252,631
93$95,770,395$18,333,571$10,714,947$56,937,171
94$105,404,699$19,097,640$10,939,621$62,076,238
95$116,017,472$19,894,918$11,167,592$67,715,298
96$127,708,385$20,726,899$11,398,837$73,904,416
97$140,587,270$21,595,148$11,633,329$80,698,727
98$154,775,160$22,501,298$11,871,033$88,158,949
99$170,405,426$23,447,061$12,111,913$96,351,953
100$187,625,040$24,434,228$12,355,923$105,351,385