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%17.1%
1 years$305,543$302,821$300,166$297,574$295,043$286,517
2 years$151,259$148,442$145,711$143,064$140,497$131,975
3 years$99,837$97,008$94,285$91,663$89,137$80,886
4 years$74,132$71,311$68,615$66,038$63,573$55,656
5 years$58,713$55,909$53,248$50,723$48,327$40,766
6 years$48,436$45,654$43,033$40,564$38,240$31,042
7 years$41,099$38,340$35,760$33,350$31,099$24,264
8 years$35,599$32,864$30,328$27,976$25,800$19,323
9 years$31,323$28,614$26,121$23,830$21,727$15,603
10 years$27,904$25,222$22,773$20,541$18,513$12,732
11 years$25,109$22,454$20,049$17,877$15,921$10,475
12 years$22,781$20,153$17,793$15,681$13,797$8,675
13 years$20,813$18,213$15,897$13,844$12,031$7,221
14 years$19,128$16,555$14,283$12,289$10,547$6,037
15 years$17,668$15,123$12,896$10,960$9,286$5,064
16 years$16,392$13,875$11,692$9,813$8,207$4,260
17 years$15,268$12,779$10,639$8,817$7,277$3,593
18 years$14,269$11,808$9,712$7,946$6,470$3,035
19 years$13,377$10,944$8,891$7,180$5,767$2,569
20 years$12,575$10,169$8,160$6,503$5,151$2,177
21 years$11,850$9,472$7,506$5,902$4,610$1,847
22 years$11,192$8,842$6,917$5,366$4,132$1,569
23 years$10,593$8,270$6,387$4,887$3,709$1,334
24 years$10,044$7,748$5,907$4,457$3,334$1,134
25 years$9,539$7,271$5,471$4,070$3,000$965
26 years$9,074$6,834$5,074$3,722$2,702$822
27 years$8,645$6,431$4,712$3,407$2,436$700
28 years$8,246$6,060$4,380$3,121$2,198$597
29 years$7,876$5,717$4,076$2,862$1,985$509
30 years$7,532$5,399$3,797$2,627$1,794$434
31 years$7,210$5,104$3,540$2,413$1,622$370
32 years$6,909$4,830$3,303$2,217$1,467$316
33 years$6,626$4,574$3,084$2,039$1,328$269
34 years$6,361$4,335$2,881$1,876$1,202$230
35 years$6,112$4,111$2,694$1,727$1,089$196
36 years$5,876$3,902$2,520$1,590$986$167
37 years$5,655$3,706$2,359$1,465$894$143
38 years$5,445$3,522$2,209$1,351$810$122
39 years$5,247$3,349$2,069$1,245$735$104
40 years$5,058$3,187$1,940$1,149$667$89
41 years$4,880$3,033$1,819$1,060$605$76
42 years$4,711$2,889$1,706$978$549$65
43 years$4,550$2,753$1,601$903$498$55
44 years$4,396$2,624$1,503$834$452$47
45 years$4,250$2,502$1,411$770$410$40
46 years$4,111$2,387$1,325$711$373$34
47 years$3,978$2,278$1,245$657$338$29
48 years$3,850$2,174$1,170$607$307$25
49 years$3,729$2,076$1,100$561$279$21
50 years$3,612$1,984$1,034$519$253$18

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 $5,080 every year, while hoping to spend $51,701 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: 44/39/17 Blend
62$3,700,000$3,700,000$3,700,000$3,700,000
63$4,082,640$3,886,540$3,829,190$4,242,017
64$4,444,060$4,021,971$3,902,458$4,489,740
65$4,840,612$4,162,305$3,976,449$4,752,553
66$5,275,824$4,307,729$4,051,130$5,036,319
67$5,753,585$4,458,434$4,126,469$5,342,995
68$6,278,176$4,614,622$4,202,431$5,674,736
69$6,854,313$4,776,502$4,278,976$6,033,905
70$7,487,193$4,944,290$4,356,061$6,423,104
71$8,182,539$5,118,213$4,433,642$6,845,193
72$8,946,658$5,298,505$4,511,669$7,303,317
73$9,786,496$5,485,411$4,590,088$7,800,936
74$10,709,706$5,679,184$4,668,844$8,341,853
75$11,724,722$5,880,090$4,747,876$8,930,256
76$12,840,831$6,088,402$4,827,118$9,570,751
77$14,068,270$6,304,408$4,906,500$10,268,403
78$15,418,314$6,528,404$4,985,949$11,028,791
79$16,903,388$6,760,702$5,065,384$11,858,052
80$18,537,180$7,001,623$5,144,720$12,762,939
81$20,334,772$7,251,502$5,223,869$13,750,889
82$22,312,784$7,510,691$5,302,733$14,830,084
83$24,489,524$7,779,551$5,381,211$16,009,534
84$26,885,168$8,058,461$5,459,194$17,299,158
85$29,521,946$8,347,816$5,536,568$18,709,876
86$32,424,351$8,648,026$5,613,210$20,253,710
87$35,619,374$8,959,518$5,688,991$21,943,901
88$39,136,753$9,282,737$5,763,775$23,795,025
89$43,009,256$9,618,147$5,837,416$25,823,137
90$47,272,993$9,966,228$5,909,762$28,045,914
91$51,967,750$10,327,485$5,980,650$30,482,826
92$57,137,368$10,702,439$6,049,910$33,155,316
93$62,830,158$11,091,638$6,117,361$36,087,000
94$69,099,354$11,495,647$6,182,812$39,303,888
95$76,003,613$11,915,059$6,246,062$42,834,630
96$83,607,576$12,350,491$6,306,898$46,710,783
97$91,982,467$12,802,584$6,365,098$50,967,107
98$101,206,775$13,272,007$6,420,425$55,641,892
99$111,366,989$13,759,458$6,472,632$60,777,317
100$122,558,414$14,265,664$6,521,458$66,419,844