Can I retire at age 63 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$322,058$319,190$316,391$313,659$310,991$302,492
2 years$159,435$156,466$153,588$150,798$148,091$139,590
3 years$105,234$102,252$99,381$96,617$93,955$85,719
4 years$78,139$75,166$72,324$69,607$67,010$59,101
5 years$61,886$58,931$56,127$53,465$50,940$43,381
6 years$51,055$48,122$45,359$42,757$40,307$33,105
7 years$43,321$40,412$37,693$35,153$32,780$25,935
8 years$37,523$34,641$31,967$29,489$27,194$20,703
9 years$33,016$30,161$27,533$25,118$22,902$16,757
10 years$29,412$26,586$24,004$21,652$19,513$13,709
11 years$26,466$23,668$21,133$18,843$16,782$11,308
12 years$24,013$21,243$18,755$16,528$14,543$9,389
13 years$21,938$19,197$16,756$14,592$12,682$7,837
14 years$20,161$17,450$15,055$12,953$11,117$6,570
15 years$18,623$15,941$13,593$11,552$9,788$5,527
16 years$17,278$14,625$12,324$10,343$8,651$4,663
17 years$16,093$13,469$11,214$9,294$7,670$3,943
18 years$15,041$12,446$10,237$8,375$6,820$3,342
19 years$14,100$11,535$9,372$7,568$6,079$2,837
20 years$13,255$10,719$8,601$6,854$5,430$2,411
21 years$12,491$9,984$7,911$6,221$4,859$2,052
22 years$11,797$9,320$7,291$5,656$4,355$1,748
23 years$11,165$8,717$6,732$5,151$3,910$1,491
24 years$10,586$8,167$6,226$4,698$3,514$1,272
25 years$10,055$7,664$5,767$4,290$3,162$1,086
26 years$9,565$7,203$5,348$3,923$2,848$928
27 years$9,112$6,779$4,966$3,591$2,568$793
28 years$8,692$6,388$4,617$3,290$2,317$678
29 years$8,302$6,026$4,296$3,017$2,092$580
30 years$7,939$5,691$4,002$2,769$1,891$496
31 years$7,599$5,380$3,731$2,543$1,709$424
32 years$7,282$5,091$3,481$2,337$1,546$363
33 years$6,984$4,821$3,250$2,149$1,399$311
34 years$6,705$4,569$3,037$1,977$1,267$266
35 years$6,442$4,334$2,839$1,820$1,147$228
36 years$6,194$4,113$2,656$1,676$1,040$195
37 years$5,960$3,907$2,486$1,545$942$167
38 years$5,739$3,713$2,328$1,424$854$143
39 years$5,530$3,531$2,181$1,313$775$123
40 years$5,332$3,359$2,044$1,211$703$105
41 years$5,144$3,197$1,917$1,117$637$90
42 years$4,965$3,045$1,798$1,031$578$77
43 years$4,795$2,901$1,687$952$525$66
44 years$4,634$2,766$1,584$879$477$57
45 years$4,480$2,637$1,487$812$433$48
46 years$4,333$2,516$1,397$750$393$42
47 years$4,193$2,401$1,312$693$357$36
48 years$4,059$2,292$1,233$640$324$30
49 years$3,930$2,189$1,159$591$294$26
50 years$3,808$2,091$1,090$547$267$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,900,000, adding $5,752 every year, while hoping to spend $23,521 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: 40/43/17 Blend
62$3,900,000$3,900,000$3,900,000$3,900,000
63$4,303,733$4,097,033$4,036,583$4,453,941
64$4,717,688$4,272,762$4,146,783$4,737,131
65$5,173,077$4,456,312$4,259,885$5,040,586
66$5,674,104$4,648,044$4,375,964$5,368,372
67$6,225,396$4,848,332$4,495,092$5,722,713
68$6,832,055$5,057,569$4,617,346$6,106,046
69$7,499,700$5,276,165$4,742,803$6,521,049
70$8,234,525$5,504,553$4,871,543$6,970,660
71$9,043,352$5,743,182$5,003,645$7,458,103
72$9,933,701$5,992,524$5,139,194$7,986,921
73$10,913,854$6,253,074$5,278,273$8,561,002
74$11,992,941$6,525,348$5,420,969$9,184,620
75$13,181,020$6,809,889$5,567,370$9,862,468
76$14,489,174$7,107,264$5,717,567$10,599,703
77$15,929,617$7,418,066$5,871,652$11,401,993
78$17,515,804$7,742,918$6,029,719$12,275,566
79$19,262,566$8,082,471$6,191,864$13,227,271
80$21,186,242$8,437,406$6,358,186$14,264,635
81$23,304,838$8,808,438$6,528,784$15,395,934
82$25,638,195$9,196,316$6,703,762$16,630,271
83$28,208,177$9,601,821$6,883,225$17,977,654
84$31,038,876$10,025,776$7,067,278$19,449,093
85$34,156,841$10,469,038$7,256,031$21,056,696
86$37,591,326$10,932,508$7,449,595$22,813,785
87$41,374,569$11,417,129$7,648,084$24,735,015
88$45,542,093$11,923,887$7,851,614$26,836,511
89$50,133,046$12,453,816$8,060,302$29,136,016
90$55,190,565$13,008,001$8,274,270$31,653,055
91$60,762,184$13,587,575$8,493,640$34,409,115
92$66,900,288$14,193,727$8,718,537$37,427,844
93$73,662,599$14,827,701$8,949,090$40,735,272
94$81,112,728$15,490,803$9,185,429$44,360,048
95$89,320,772$16,184,398$9,427,686$48,333,712
96$98,363,974$16,909,917$9,675,997$52,690,982
97$108,327,456$17,668,859$9,930,500$57,470,080
98$119,305,020$18,462,797$10,191,335$62,713,087
99$131,400,032$19,293,374$10,458,645$68,466,334
100$144,726,401$20,162,315$10,732,575$74,780,837