Can I retire at age 65 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%13.9%
1 years$437,669$433,771$429,967$426,254$422,629$415,799
2 years$216,668$212,633$208,722$204,930$201,252$194,389
3 years$143,010$138,958$135,057$131,301$127,683$121,001
4 years$106,189$102,149$98,287$94,595$91,064$84,616
5 years$84,102$80,086$76,275$72,658$69,226$63,028
6 years$69,382$65,396$61,641$58,105$54,776$48,837
7 years$58,872$54,920$51,224$47,771$44,547$38,869
8 years$50,993$47,076$43,442$40,074$36,956$31,537
9 years$44,868$40,988$37,417$34,134$31,123$25,960
10 years$39,971$36,129$32,621$29,424$26,518$21,607
11 years$35,967$32,164$28,719$25,608$22,806$18,143
12 years$32,632$28,868$25,487$22,461$19,764$15,341
13 years$29,813$26,089$22,771$19,830$17,234$13,046
14 years$27,399$23,714$20,460$17,603$15,107$11,147
15 years$25,308$21,663$18,473$15,699$13,302$9,562
16 years$23,481$19,875$16,748$14,057$11,756$8,229
17 years$21,870$18,304$15,240$12,630$10,424$7,101
18 years$20,440$16,914$13,912$11,382$9,268$6,142
19 years$19,162$15,676$12,736$10,285$8,261$5,324
20 years$18,013$14,567$11,688$9,315$7,379$4,622
21 years$16,975$13,568$10,751$8,454$6,603$4,019
22 years$16,032$12,666$9,909$7,686$5,919$3,499
23 years$15,173$11,846$9,149$7,000$5,313$3,049
24 years$14,387$11,099$8,461$6,384$4,776$2,660
25 years$13,664$10,416$7,837$5,831$4,297$2,322
26 years$12,998$9,789$7,268$5,331$3,871$2,029
27 years$12,383$9,213$6,749$4,880$3,490$1,774
28 years$11,813$8,681$6,274$4,471$3,149$1,551
29 years$11,282$8,190$5,839$4,100$2,843$1,358
30 years$10,789$7,734$5,439$3,763$2,569$1,189
31 years$10,327$7,311$5,070$3,456$2,323$1,041
32 years$9,896$6,918$4,731$3,176$2,101$912
33 years$9,492$6,551$4,417$2,921$1,902$799
34 years$9,112$6,209$4,127$2,687$1,722$700
35 years$8,754$5,889$3,858$2,474$1,559$614
36 years$8,418$5,590$3,610$2,278$1,413$538
37 years$8,100$5,309$3,378$2,099$1,281$472
38 years$7,800$5,046$3,164$1,935$1,161$414
39 years$7,515$4,798$2,964$1,784$1,053$363
40 years$7,246$4,565$2,778$1,645$955$319
41 years$6,990$4,345$2,605$1,518$866$280
42 years$6,748$4,138$2,444$1,401$786$245
43 years$6,517$3,943$2,293$1,293$713$215
44 years$6,297$3,758$2,152$1,194$648$189
45 years$6,088$3,584$2,021$1,103$588$166
46 years$5,888$3,419$1,898$1,019$534$146
47 years$5,698$3,263$1,783$941$485$128
48 years$5,515$3,115$1,676$870$440$112
49 years$5,341$2,974$1,575$804$400$98
50 years$5,175$2,841$1,481$743$363$86

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 $2,737 every year, while hoping to spend $51,661 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: 76/10/14 Blend
64$5,300,000$5,300,000$5,300,000$5,300,000
65$5,843,423$5,562,523$5,480,373$6,270,202
66$6,384,485$5,780,120$5,608,999$6,769,823
67$6,979,005$6,006,647$5,740,202$7,310,642
68$7,632,379$6,242,489$5,874,014$7,902,113
69$8,350,555$6,488,044$6,010,467$8,549,262
70$9,140,084$6,743,731$6,149,591$9,257,626
71$10,008,186$7,009,987$6,291,415$10,033,300
72$10,962,812$7,287,268$6,435,969$10,882,996
73$12,012,724$7,576,049$6,583,279$11,814,108
74$13,167,576$7,876,830$6,733,373$12,834,776
75$14,438,004$8,190,130$6,886,276$13,953,967
76$15,835,727$8,516,492$7,042,013$15,181,556
77$17,373,656$8,856,486$7,200,605$16,528,420
78$19,066,019$9,210,703$7,362,075$18,006,541
79$20,928,491$9,579,765$7,526,442$19,629,114
80$22,978,343$9,964,320$7,693,725$21,410,676
81$25,234,607$10,365,045$7,863,938$23,367,239
82$27,718,254$10,782,649$8,037,096$25,516,444
83$30,452,388$11,217,871$8,213,211$27,877,721
84$33,462,471$11,671,485$8,392,293$30,472,476
85$36,776,556$12,144,301$8,574,348$33,324,292
86$40,425,556$12,637,164$8,759,380$36,459,148
87$44,443,535$13,150,957$8,947,391$39,905,667
88$48,868,027$13,686,605$9,138,380$43,695,380
89$53,740,391$14,245,074$9,332,342$47,863,029
90$59,106,203$14,827,375$9,529,267$52,446,888
91$65,015,683$15,434,564$9,729,145$57,489,128
92$71,524,171$16,067,745$9,931,959$63,036,209
93$78,692,646$16,728,075$10,137,690$69,139,324
94$86,588,305$17,416,760$10,346,312$75,854,874
95$95,285,195$18,135,064$10,557,796$83,245,003
96$104,864,913$18,884,310$10,772,110$91,378,183
97$115,417,371$19,665,878$10,989,212$100,329,859
98$127,041,651$20,481,214$11,209,059$110,183,159
99$139,846,936$21,331,831$11,431,600$121,029,678
100$153,953,543$22,219,309$11,656,777$132,970,340