Can I retire at age 63 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$338,574$335,558$332,616$329,744$326,940$321,391
2 years$167,611$164,489$161,464$158,531$155,686$150,113
3 years$110,631$107,496$104,478$101,572$98,773$93,350
4 years$82,146$79,021$76,033$73,177$70,446$65,213
5 years$65,060$61,953$59,005$56,207$53,552$48,525
6 years$53,673$50,589$47,685$44,949$42,374$37,558
7 years$45,542$42,485$39,626$36,955$34,461$29,859
8 years$39,447$36,417$33,606$31,001$28,589$24,199
9 years$34,709$31,708$28,945$26,406$24,076$19,895
10 years$30,921$27,949$25,235$22,762$20,514$16,540
11 years$27,823$24,881$22,216$19,810$17,643$13,870
12 years$25,244$22,332$19,716$17,376$15,289$11,713
13 years$23,063$20,182$17,615$15,340$13,332$9,948
14 years$21,195$18,345$15,827$13,617$11,687$8,488
15 years$19,578$16,758$14,290$12,144$10,290$7,271
16 years$18,165$15,375$12,956$10,874$9,094$6,249
17 years$16,918$14,160$11,790$9,770$8,064$5,385
18 years$15,812$13,085$10,762$8,805$7,170$4,651
19 years$14,823$12,127$9,852$7,956$6,391$4,025
20 years$13,935$11,269$9,042$7,206$5,708$3,489
21 years$13,132$10,496$8,317$6,540$5,108$3,029
22 years$12,402$9,798$7,665$5,946$4,579$2,633
23 years$11,738$9,164$7,078$5,415$4,110$2,291
24 years$11,129$8,586$6,546$4,939$3,694$1,996
25 years$10,570$8,057$6,062$4,510$3,324$1,740
26 years$10,055$7,573$5,623$4,124$2,994$1,518
27 years$9,579$7,127$5,221$3,775$2,700$1,325
28 years$9,138$6,716$4,854$3,459$2,436$1,157
29 years$8,728$6,335$4,517$3,172$2,200$1,011
30 years$8,346$5,983$4,207$2,911$1,988$883
31 years$7,989$5,656$3,922$2,673$1,797$772
32 years$7,655$5,352$3,660$2,457$1,625$675
33 years$7,342$5,068$3,417$2,259$1,471$591
34 years$7,049$4,803$3,193$2,079$1,332$517
35 years$6,772$4,556$2,985$1,914$1,206$452
36 years$6,512$4,324$2,792$1,762$1,093$396
37 years$6,266$4,107$2,614$1,624$991$347
38 years$6,034$3,903$2,447$1,497$898$304
39 years$5,814$3,712$2,293$1,380$814$266
40 years$5,605$3,531$2,149$1,273$739$233
41 years$5,408$3,361$2,015$1,174$670$204
42 years$5,220$3,201$1,890$1,084$608$179
43 years$5,041$3,050$1,774$1,000$552$156
44 years$4,871$2,907$1,665$924$501$137
45 years$4,709$2,773$1,563$853$455$120
46 years$4,555$2,645$1,468$788$413$105
47 years$4,408$2,524$1,380$728$375$92
48 years$4,267$2,410$1,296$673$341$81
49 years$4,132$2,301$1,219$622$309$71
50 years$4,003$2,198$1,146$575$281$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,100,000, adding $3,938 every year, while hoping to spend $33,956 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: 53/38/9 Blend
62$4,100,000$4,100,000$4,100,000$4,100,000
63$4,522,262$4,304,962$4,241,412$4,751,524
64$4,947,404$4,479,776$4,347,370$5,082,415
65$5,414,772$4,662,018$4,455,740$5,438,197
66$5,928,638$4,852,016$4,566,567$5,824,460
67$6,493,707$5,050,113$4,679,895$6,244,093
68$7,115,165$5,256,668$4,795,771$6,700,271
69$7,798,722$5,472,056$4,914,240$7,196,484
70$8,550,674$5,696,668$5,035,349$7,736,569
71$9,377,953$5,930,916$5,159,144$8,324,745
72$10,288,202$6,175,228$5,285,672$8,965,648
73$11,289,837$6,430,053$5,414,981$9,664,379
74$12,392,134$6,695,859$5,547,117$10,426,547
75$13,605,314$6,973,138$5,682,127$11,258,322
76$14,940,637$7,262,403$5,820,060$12,166,489
77$16,410,512$7,564,191$5,960,962$13,158,514
78$18,028,612$7,879,064$6,104,881$14,242,611
79$19,810,000$8,207,608$6,251,865$15,427,817
80$21,771,278$8,550,439$6,401,960$16,724,079
81$23,930,737$8,908,199$6,555,214$18,142,339
82$26,308,533$9,281,561$6,711,675$19,694,643
83$28,926,875$9,671,229$6,871,387$21,394,248
84$31,810,236$10,077,940$7,034,399$23,255,744
85$34,985,584$10,502,462$7,200,755$25,295,195
86$38,482,635$10,945,604$7,370,501$27,530,282
87$42,334,133$11,408,208$7,543,683$29,980,470
88$46,576,161$11,891,157$7,720,343$32,667,190
89$51,248,481$12,395,375$7,900,526$35,614,038
90$56,394,906$12,921,829$8,084,274$38,846,992
91$62,063,718$13,471,530$8,271,628$42,394,660
92$68,308,119$14,045,537$8,462,629$46,288,540
93$75,186,737$14,644,958$8,657,317$50,563,322
94$82,764,176$15,270,953$8,855,730$55,257,202
95$91,111,629$15,924,736$9,057,903$60,412,250
96$100,307,545$16,607,579$9,263,873$66,074,795
97$110,438,375$17,320,810$9,473,673$72,295,862
98$121,599,382$18,065,822$9,687,334$79,131,651
99$133,895,545$18,844,074$9,904,885$86,644,057
100$147,442,547$19,657,089$10,126,355$94,901,258