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%18.7%
1 years$437,669$433,771$429,967$426,254$422,629$407,796
2 years$216,668$212,633$208,722$204,930$201,252$186,464
3 years$143,010$138,958$135,057$131,301$127,683$113,404
4 years$106,189$102,149$98,287$94,595$91,064$77,404
5 years$84,102$80,086$76,275$72,658$69,226$56,220
6 years$69,382$65,396$61,641$58,105$54,776$42,434
7 years$58,872$54,920$51,224$47,771$44,547$32,868
8 years$50,993$47,076$43,442$40,074$36,956$25,929
9 years$44,868$40,988$37,417$34,134$31,123$20,734
10 years$39,971$36,129$32,621$29,424$26,518$16,750
11 years$35,967$32,164$28,719$25,608$22,806$13,639
12 years$32,632$28,868$25,487$22,461$19,764$11,176
13 years$29,813$26,089$22,771$19,830$17,234$9,202
14 years$27,399$23,714$20,460$17,603$15,107$7,608
15 years$25,308$21,663$18,473$15,699$13,302$6,310
16 years$23,481$19,875$16,748$14,057$11,756$5,248
17 years$21,870$18,304$15,240$12,630$10,424$4,374
18 years$20,440$16,914$13,912$11,382$9,268$3,652
19 years$19,162$15,676$12,736$10,285$8,261$3,053
20 years$18,013$14,567$11,688$9,315$7,379$2,556
21 years$16,975$13,568$10,751$8,454$6,603$2,142
22 years$16,032$12,666$9,909$7,686$5,919$1,797
23 years$15,173$11,846$9,149$7,000$5,313$1,508
24 years$14,387$11,099$8,461$6,384$4,776$1,267
25 years$13,664$10,416$7,837$5,831$4,297$1,064
26 years$12,998$9,789$7,268$5,331$3,871$895
27 years$12,383$9,213$6,749$4,880$3,490$752
28 years$11,813$8,681$6,274$4,471$3,149$633
29 years$11,282$8,190$5,839$4,100$2,843$532
30 years$10,789$7,734$5,439$3,763$2,569$448
31 years$10,327$7,311$5,070$3,456$2,323$377
32 years$9,896$6,918$4,731$3,176$2,101$317
33 years$9,492$6,551$4,417$2,921$1,902$267
34 years$9,112$6,209$4,127$2,687$1,722$225
35 years$8,754$5,889$3,858$2,474$1,559$189
36 years$8,418$5,590$3,610$2,278$1,413$160
37 years$8,100$5,309$3,378$2,099$1,281$134
38 years$7,800$5,046$3,164$1,935$1,161$113
39 years$7,515$4,798$2,964$1,784$1,053$95
40 years$7,246$4,565$2,778$1,645$955$80
41 years$6,990$4,345$2,605$1,518$866$68
42 years$6,748$4,138$2,444$1,401$786$57
43 years$6,517$3,943$2,293$1,293$713$48
44 years$6,297$3,758$2,152$1,194$648$40
45 years$6,088$3,584$2,021$1,103$588$34
46 years$5,888$3,419$1,898$1,019$534$29
47 years$5,698$3,263$1,783$941$485$24
48 years$5,515$3,115$1,676$870$440$20
49 years$5,341$2,974$1,575$804$400$17
50 years$5,175$2,841$1,481$743$363$14

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 $5,231 every year, while hoping to spend $22,130 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: 23/49/28 Blend
61$5,300,000$5,300,000$5,300,000$5,300,000
62$5,845,996$5,565,096$5,482,946$5,928,589
63$6,418,741$5,814,239$5,643,078$6,249,804
64$7,049,165$6,074,849$5,807,834$6,591,266
65$7,743,127$6,347,464$5,977,343$6,956,381
66$8,507,084$6,632,648$6,151,742$7,347,113
67$9,348,150$6,930,991$6,331,169$7,765,610
68$10,274,166$7,243,114$6,515,768$8,214,219
69$11,293,769$7,569,665$6,705,684$8,695,505
70$12,416,478$7,911,323$6,901,069$9,212,274
71$13,652,782$8,268,801$7,102,078$9,767,595
72$15,014,238$8,642,845$7,308,870$10,364,828
73$16,513,582$9,034,236$7,521,609$11,007,649
74$18,164,848$9,443,794$7,740,464$11,700,086
75$19,983,500$9,872,378$7,965,607$12,446,548
76$21,986,579$10,320,886$8,197,216$13,251,870
77$24,192,861$10,790,260$8,435,474$14,121,348
78$26,623,039$11,281,489$8,680,569$15,060,788
79$29,299,914$11,795,608$8,932,693$16,076,558
80$32,248,613$12,333,699$9,192,045$17,175,640
81$35,496,821$12,896,901$9,458,829$18,365,696
82$39,075,051$13,486,403$9,733,254$19,655,131
83$43,016,924$14,103,454$10,015,535$21,053,171
84$47,359,488$14,749,361$10,305,894$22,569,942
85$52,143,571$15,425,495$10,604,556$24,216,563
86$57,414,163$16,133,292$10,911,757$26,005,243
87$63,220,842$16,874,258$11,227,735$27,949,392
88$69,618,241$17,649,970$11,552,737$30,063,738
89$76,666,564$18,462,081$11,887,016$32,364,464
90$84,432,155$19,312,324$12,230,833$34,869,352
91$92,988,122$20,202,515$12,584,453$37,597,943
92$102,415,031$21,134,559$12,948,152$40,571,715
93$112,801,661$22,110,449$13,322,213$43,814,277
94$124,245,846$23,132,277$13,706,923$47,351,584
95$136,855,399$24,202,235$14,102,581$51,212,177
96$150,749,125$25,322,620$14,509,493$55,427,435
97$166,057,947$26,495,840$14,927,972$60,031,873
98$182,926,140$27,724,418$15,358,342$65,063,448
99$201,512,693$29,011,001$15,800,932$70,563,914
100$221,992,808$30,358,361$16,256,085$76,579,201