Can I retire at age 63 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$305,543$302,821$300,166$297,574$295,043$284,349
2 years$151,259$148,442$145,711$143,064$140,497$129,840
3 years$99,837$97,008$94,285$91,663$89,137$78,852
4 years$74,132$71,311$68,615$66,038$63,573$53,739
5 years$58,713$55,909$53,248$50,723$48,327$38,970
6 years$48,436$45,654$43,033$40,564$38,240$29,366
7 years$41,099$38,340$35,760$33,350$31,099$22,707
8 years$35,599$32,864$30,328$27,976$25,800$17,881
9 years$31,323$28,614$26,121$23,830$21,727$14,272
10 years$27,904$25,222$22,773$20,541$18,513$11,508
11 years$25,109$22,454$20,049$17,877$15,921$9,352
12 years$22,781$20,153$17,793$15,681$13,797$7,648
13 years$20,813$18,213$15,897$13,844$12,031$6,285
14 years$19,128$16,555$14,283$12,289$10,547$5,185
15 years$17,668$15,123$12,896$10,960$9,286$4,291
16 years$16,392$13,875$11,692$9,813$8,207$3,561
17 years$15,268$12,779$10,639$8,817$7,277$2,961
18 years$14,269$11,808$9,712$7,946$6,470$2,467
19 years$13,377$10,944$8,891$7,180$5,767$2,058
20 years$12,575$10,169$8,160$6,503$5,151$1,719
21 years$11,850$9,472$7,506$5,902$4,610$1,437
22 years$11,192$8,842$6,917$5,366$4,132$1,203
23 years$10,593$8,270$6,387$4,887$3,709$1,007
24 years$10,044$7,748$5,907$4,457$3,334$844
25 years$9,539$7,271$5,471$4,070$3,000$707
26 years$9,074$6,834$5,074$3,722$2,702$593
27 years$8,645$6,431$4,712$3,407$2,436$498
28 years$8,246$6,060$4,380$3,121$2,198$417
29 years$7,876$5,717$4,076$2,862$1,985$350
30 years$7,532$5,399$3,797$2,627$1,794$294
31 years$7,210$5,104$3,540$2,413$1,622$247
32 years$6,909$4,830$3,303$2,217$1,467$207
33 years$6,626$4,574$3,084$2,039$1,328$174
34 years$6,361$4,335$2,881$1,876$1,202$146
35 years$6,112$4,111$2,694$1,727$1,089$123
36 years$5,876$3,902$2,520$1,590$986$103
37 years$5,655$3,706$2,359$1,465$894$87
38 years$5,445$3,522$2,209$1,351$810$73
39 years$5,247$3,349$2,069$1,245$735$61
40 years$5,058$3,187$1,940$1,149$667$51
41 years$4,880$3,033$1,819$1,060$605$43
42 years$4,711$2,889$1,706$978$549$36
43 years$4,550$2,753$1,601$903$498$31
44 years$4,396$2,624$1,503$834$452$26
45 years$4,250$2,502$1,411$770$410$22
46 years$4,111$2,387$1,325$711$373$18
47 years$3,978$2,278$1,245$657$338$15
48 years$3,850$2,174$1,170$607$307$13
49 years$3,729$2,076$1,100$561$279$11
50 years$3,612$1,984$1,034$519$253$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,700,000, adding $4,503 every year, while hoping to spend $35,059 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: 31/39/30 Blend
62$3,700,000$3,700,000$3,700,000$3,700,000
63$4,082,045$3,885,945$3,828,595$4,171,061
64$4,461,111$4,039,054$3,919,550$4,393,946
65$4,877,667$4,198,490$4,012,378$4,630,329
66$5,335,499$4,364,526$4,107,103$4,884,104
67$5,838,780$4,537,448$4,203,751$5,156,821
68$6,392,106$4,717,554$4,302,347$5,450,179
69$7,000,542$4,905,154$4,402,916$5,766,044
70$7,669,665$5,100,575$4,505,482$6,106,463
71$8,405,624$5,304,156$4,610,069$6,473,681
72$9,215,190$5,516,253$4,716,699$6,870,166
73$10,105,827$5,737,236$4,825,395$7,298,624
74$11,085,755$5,967,494$4,936,180$7,762,031
75$12,164,033$6,207,433$5,049,073$8,263,654
76$13,350,643$6,457,476$5,164,096$8,807,082
77$14,656,583$6,718,066$5,281,267$9,396,260
78$16,093,970$6,989,666$5,400,604$10,035,522
79$17,676,156$7,272,761$5,522,126$10,729,633
80$19,417,854$7,567,857$5,645,848$11,483,832
81$21,335,275$7,875,482$5,771,784$12,303,878
82$23,446,283$8,196,191$5,899,948$13,196,104
83$25,770,560$8,530,560$6,030,352$14,167,474
84$28,329,795$8,879,195$6,163,007$15,225,648
85$31,147,887$9,242,729$6,297,921$16,379,053
86$34,251,171$9,621,822$6,435,100$17,636,957
87$37,668,664$10,017,165$6,574,551$19,009,558
88$41,432,345$10,429,483$6,716,275$20,508,077
89$45,577,447$10,859,531$6,860,273$22,144,861
90$50,142,798$11,308,099$7,006,544$23,933,496
91$55,171,183$11,776,016$7,155,083$25,888,937
92$60,709,749$12,264,146$7,305,883$28,027,641
93$66,810,449$12,773,394$7,458,935$30,367,725
94$73,530,531$13,304,707$7,614,226$32,929,128
95$80,933,082$13,859,075$7,771,740$35,733,803
96$89,087,621$14,437,533$7,931,457$38,805,917
97$98,070,752$15,041,167$8,093,355$42,172,076
98$107,966,893$15,671,108$8,257,406$45,861,574
99$118,869,067$16,328,543$8,423,581$49,906,665
100$130,879,784$17,014,714$8,591,843$54,342,867