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%12.5%
1 years$437,669$433,771$429,967$426,254$422,629$418,216
2 years$216,668$212,633$208,722$204,930$201,252$196,807
3 years$143,010$138,958$135,057$131,301$127,683$123,345
4 years$106,189$102,149$98,287$94,595$91,064$86,867
5 years$84,102$80,086$76,275$72,658$69,226$65,181
6 years$69,382$65,396$61,641$58,105$54,776$50,888
7 years$58,872$54,920$51,224$47,771$44,547$40,819
8 years$50,993$47,076$43,442$40,074$36,956$33,387
9 years$44,868$40,988$37,417$34,134$31,123$27,711
10 years$39,971$36,129$32,621$29,424$26,518$23,262
11 years$35,967$32,164$28,719$25,608$22,806$19,703
12 years$32,632$28,868$25,487$22,461$19,764$16,810
13 years$29,813$26,089$22,771$19,830$17,234$14,427
14 years$27,399$23,714$20,460$17,603$15,107$12,442
15 years$25,308$21,663$18,473$15,699$13,302$10,775
16 years$23,481$19,875$16,748$14,057$11,756$9,363
17 years$21,870$18,304$15,240$12,630$10,424$8,160
18 years$20,440$16,914$13,912$11,382$9,268$7,130
19 years$19,162$15,676$12,736$10,285$8,261$6,243
20 years$18,013$14,567$11,688$9,315$7,379$5,477
21 years$16,975$13,568$10,751$8,454$6,603$4,812
22 years$16,032$12,666$9,909$7,686$5,919$4,234
23 years$15,173$11,846$9,149$7,000$5,313$3,730
24 years$14,387$11,099$8,461$6,384$4,776$3,290
25 years$13,664$10,416$7,837$5,831$4,297$2,904
26 years$12,998$9,789$7,268$5,331$3,871$2,565
27 years$12,383$9,213$6,749$4,880$3,490$2,268
28 years$11,813$8,681$6,274$4,471$3,149$2,006
29 years$11,282$8,190$5,839$4,100$2,843$1,776
30 years$10,789$7,734$5,439$3,763$2,569$1,573
31 years$10,327$7,311$5,070$3,456$2,323$1,393
32 years$9,896$6,918$4,731$3,176$2,101$1,235
33 years$9,492$6,551$4,417$2,921$1,902$1,095
34 years$9,112$6,209$4,127$2,687$1,722$971
35 years$8,754$5,889$3,858$2,474$1,559$861
36 years$8,418$5,590$3,610$2,278$1,413$764
37 years$8,100$5,309$3,378$2,099$1,281$678
38 years$7,800$5,046$3,164$1,935$1,161$602
39 years$7,515$4,798$2,964$1,784$1,053$534
40 years$7,246$4,565$2,778$1,645$955$474
41 years$6,990$4,345$2,605$1,518$866$421
42 years$6,748$4,138$2,444$1,401$786$374
43 years$6,517$3,943$2,293$1,293$713$332
44 years$6,297$3,758$2,152$1,194$648$295
45 years$6,088$3,584$2,021$1,103$588$262
46 years$5,888$3,419$1,898$1,019$534$233
47 years$5,698$3,263$1,783$941$485$207
48 years$5,515$3,115$1,676$870$440$184
49 years$5,341$2,974$1,575$804$400$163
50 years$5,175$2,841$1,481$743$363$145

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 $2,654 every year, while hoping to spend $43,340 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: 51/32/17 Blend
62$5,300,000$5,300,000$5,300,000$5,300,000
63$5,843,338$5,562,438$5,480,288$6,113,930
64$6,393,245$5,788,884$5,617,764$6,526,741
65$6,997,790$6,024,973$5,758,393$6,970,573
66$7,662,500$6,271,132$5,902,235$7,452,166
67$8,393,465$6,527,808$6,049,350$7,975,105
68$9,197,394$6,795,466$6,199,799$8,543,327
69$10,081,680$7,074,596$6,353,644$9,161,162
70$11,054,467$7,365,706$6,510,946$9,833,369
71$12,124,728$7,669,331$6,671,768$10,565,182
72$13,302,351$7,986,030$6,836,173$11,362,357
73$14,598,230$8,316,384$7,004,224$12,231,223
74$16,024,368$8,661,006$7,175,985$13,178,742
75$17,593,992$9,020,534$7,351,519$14,212,574
76$19,321,674$9,395,635$7,530,890$15,341,144
77$21,223,473$9,787,008$7,714,162$16,573,724
78$23,317,081$10,195,386$7,901,400$17,920,514
79$25,621,994$10,621,531$8,092,668$19,392,739
80$28,159,696$11,066,244$8,288,031$21,002,754
81$30,953,857$11,530,362$8,487,552$22,764,154
82$34,030,562$12,014,762$8,691,297$24,691,904
83$37,418,552$12,520,358$8,899,328$26,802,477
84$41,149,499$13,048,110$9,111,710$29,114,006
85$45,258,301$13,599,020$9,328,506$31,646,453
86$49,783,415$14,174,140$9,549,778$34,421,795
87$54,767,217$14,774,566$9,775,589$37,464,227
88$60,256,403$15,401,449$10,006,000$40,800,390
89$66,302,427$16,055,991$10,241,073$44,459,619
90$72,961,992$16,739,452$10,480,866$48,474,214
91$80,297,579$17,453,149$10,725,439$52,879,744
92$88,378,040$18,198,462$10,974,849$57,715,377
93$97,279,247$18,976,833$11,229,153$63,024,251
94$107,084,806$19,789,773$11,488,406$68,853,871
95$117,886,848$20,638,865$11,752,660$75,256,556
96$129,786,901$21,525,763$12,021,967$82,289,932
97$142,896,839$22,452,200$12,296,378$90,017,467
98$157,339,949$23,419,990$12,575,939$98,509,065
99$173,252,087$24,431,033$12,860,696$107,841,728
100$190,782,962$25,487,315$13,150,692$118,100,270