Can I retire at age 65 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%13.1%
1 years$437,669$433,771$429,967$426,254$422,629$417,175
2 years$216,668$212,633$208,722$204,930$201,252$195,765
3 years$143,010$138,958$135,057$131,301$127,683$122,333
4 years$106,189$102,149$98,287$94,595$91,064$85,893
5 years$84,102$80,086$76,275$72,658$69,226$64,249
6 years$69,382$65,396$61,641$58,105$54,776$49,999
7 years$58,872$54,920$51,224$47,771$44,547$39,972
8 years$50,993$47,076$43,442$40,074$36,956$32,582
9 years$44,868$40,988$37,417$34,134$31,123$26,947
10 years$39,971$36,129$32,621$29,424$26,518$22,539
11 years$35,967$32,164$28,719$25,608$22,806$19,019
12 years$32,632$28,868$25,487$22,461$19,764$16,165
13 years$29,813$26,089$22,771$19,830$17,234$13,819
14 years$27,399$23,714$20,460$17,603$15,107$11,871
15 years$25,308$21,663$18,473$15,699$13,302$10,238
16 years$23,481$19,875$16,748$14,057$11,756$8,860
17 years$21,870$18,304$15,240$12,630$10,424$7,690
18 years$20,440$16,914$13,912$11,382$9,268$6,690
19 years$19,162$15,676$12,736$10,285$8,261$5,832
20 years$18,013$14,567$11,688$9,315$7,379$5,094
21 years$16,975$13,568$10,751$8,454$6,603$4,456
22 years$16,032$12,666$9,909$7,686$5,919$3,903
23 years$15,173$11,846$9,149$7,000$5,313$3,422
24 years$14,387$11,099$8,461$6,384$4,776$3,004
25 years$13,664$10,416$7,837$5,831$4,297$2,639
26 years$12,998$9,789$7,268$5,331$3,871$2,321
27 years$12,383$9,213$6,749$4,880$3,490$2,042
28 years$11,813$8,681$6,274$4,471$3,149$1,798
29 years$11,282$8,190$5,839$4,100$2,843$1,583
30 years$10,789$7,734$5,439$3,763$2,569$1,395
31 years$10,327$7,311$5,070$3,456$2,323$1,230
32 years$9,896$6,918$4,731$3,176$2,101$1,085
33 years$9,492$6,551$4,417$2,921$1,902$957
34 years$9,112$6,209$4,127$2,687$1,722$844
35 years$8,754$5,889$3,858$2,474$1,559$745
36 years$8,418$5,590$3,610$2,278$1,413$658
37 years$8,100$5,309$3,378$2,099$1,281$581
38 years$7,800$5,046$3,164$1,935$1,161$513
39 years$7,515$4,798$2,964$1,784$1,053$453
40 years$7,246$4,565$2,778$1,645$955$400
41 years$6,990$4,345$2,605$1,518$866$354
42 years$6,748$4,138$2,444$1,401$786$312
43 years$6,517$3,943$2,293$1,293$713$276
44 years$6,297$3,758$2,152$1,194$648$244
45 years$6,088$3,584$2,021$1,103$588$216
46 years$5,888$3,419$1,898$1,019$534$190
47 years$5,698$3,263$1,783$941$485$168
48 years$5,515$3,115$1,676$870$440$149
49 years$5,341$2,974$1,575$804$400$132
50 years$5,175$2,841$1,481$743$363$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $5,300,000, adding $2,542 every year, while hoping to spend $31,145 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: 57/15/28 Blend
64$5,300,000$5,300,000$5,300,000$5,300,000
65$5,843,222$5,562,322$5,480,172$6,131,249
66$6,406,093$5,801,738$5,630,620$6,568,696
67$7,025,332$6,051,841$5,785,064$7,041,790
68$7,706,658$6,313,123$5,943,605$7,556,830
69$8,456,367$6,586,096$6,106,346$8,117,882
70$9,281,402$6,871,300$6,273,394$8,729,422
71$10,189,408$7,169,297$6,444,856$9,396,373
72$11,188,812$7,480,677$6,620,843$10,124,153
73$12,288,898$7,806,058$6,801,468$10,918,723
74$13,499,896$8,146,085$6,986,848$11,786,645
75$14,833,078$8,501,435$7,177,100$12,735,139
76$16,300,864$8,872,818$7,372,345$13,772,155
77$17,916,941$9,260,975$7,572,707$14,906,442
78$19,696,390$9,666,684$7,778,314$16,147,631
79$21,655,828$10,090,757$7,989,294$17,506,327
80$23,813,567$10,534,048$8,205,779$18,994,205
81$26,189,783$10,997,449$8,427,905$20,624,117
82$28,806,712$11,481,895$8,655,811$22,410,218
83$31,688,852$11,988,364$8,889,636$24,368,091
84$34,863,203$12,517,881$9,129,526$26,514,899
85$38,359,512$13,071,520$9,375,629$28,869,540
86$42,210,564$13,650,406$9,628,094$31,452,826
87$46,452,482$14,255,717$9,887,075$34,287,680
88$51,125,074$14,888,685$10,152,731$37,399,344
89$56,272,204$15,550,604$10,425,220$40,815,623
90$61,942,212$16,242,826$10,704,708$44,567,141
91$68,188,363$16,966,770$10,991,361$48,687,627
92$75,069,355$17,723,921$11,285,351$53,214,236
93$82,649,870$18,515,834$11,586,851$58,187,891
94$91,001,187$19,344,140$11,896,040$63,653,674
95$100,201,849$20,210,544$12,213,099$69,661,244
96$110,338,414$21,116,837$12,538,214$76,265,305
97$121,506,261$22,064,891$12,871,573$83,526,119
98$133,810,499$23,056,670$13,213,370$91,510,072
99$147,366,953$24,094,229$13,563,801$100,290,302
100$162,303,260$25,179,725$13,923,066$109,947,378