Can I retire at age 63 with 4,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$346,832$343,743$340,729$337,787$334,914$333,503
2 years$171,699$168,501$165,402$162,397$159,483$158,058
3 years$113,329$110,117$107,026$104,050$101,182$99,788
4 years$84,150$80,948$77,888$74,962$72,164$70,811
5 years$66,647$63,464$60,444$57,578$54,858$53,551
6 years$54,982$51,823$48,848$46,046$43,407$42,147
7 years$46,653$43,521$40,593$37,857$35,302$34,089
8 years$40,409$37,306$34,426$31,757$29,286$28,121
9 years$35,556$32,481$29,651$27,050$24,663$23,546
10 years$31,675$28,631$25,850$23,317$21,014$19,944
11 years$28,502$25,488$22,758$20,293$18,073$17,049
12 years$25,860$22,877$20,197$17,800$15,662$14,683
13 years$23,626$20,674$18,045$15,714$13,657$12,723
14 years$21,712$18,792$16,214$13,950$11,972$11,082
15 years$20,056$17,167$14,639$12,441$10,541$9,693
16 years$18,608$15,750$13,272$11,139$9,316$8,510
17 years$17,331$14,505$12,077$10,008$8,260$7,494
18 years$16,198$13,404$11,025$9,020$7,345$6,618
19 years$15,185$12,422$10,093$8,150$6,547$5,857
20 years$14,274$11,543$9,263$7,381$5,847$5,195
21 years$13,452$10,752$8,520$6,699$5,233$4,615
22 years$12,705$10,037$7,852$6,091$4,690$4,106
23 years$12,024$9,387$7,250$5,547$4,210$3,659
24 years$11,401$8,795$6,705$5,059$3,784$3,264
25 years$10,828$8,254$6,210$4,621$3,405$2,915
26 years$10,301$7,757$5,760$4,225$3,067$2,606
27 years$9,813$7,301$5,348$3,867$2,766$2,331
28 years$9,361$6,879$4,972$3,543$2,495$2,087
29 years$8,941$6,490$4,627$3,249$2,253$1,869
30 years$8,549$6,129$4,310$2,982$2,036$1,676
31 years$8,184$5,794$4,018$2,739$1,841$1,503
32 years$7,842$5,482$3,749$2,517$1,665$1,348
33 years$7,522$5,192$3,500$2,314$1,507$1,210
34 years$7,221$4,921$3,270$2,129$1,364$1,087
35 years$6,937$4,667$3,058$1,960$1,236$976
36 years$6,671$4,430$2,860$1,805$1,120$877
37 years$6,419$4,207$2,677$1,663$1,015$788
38 years$6,181$3,998$2,507$1,533$920$709
39 years$5,956$3,802$2,349$1,414$834$637
40 years$5,742$3,617$2,202$1,304$757$573
41 years$5,540$3,443$2,064$1,203$687$516
42 years$5,347$3,279$1,937$1,110$623$464
43 years$5,164$3,125$1,817$1,025$565$417
44 years$4,990$2,978$1,706$946$513$376
45 years$4,824$2,840$1,602$874$466$338
46 years$4,666$2,709$1,504$807$423$304
47 years$4,515$2,586$1,413$746$384$274
48 years$4,371$2,468$1,328$689$349$247
49 years$4,233$2,357$1,248$637$317$222
50 years$4,101$2,252$1,174$589$288$200

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,200,000, adding $3,091 every year, while hoping to spend $26,971 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: 50/43/7 Blend
62$4,200,000$4,200,000$4,200,000$4,200,000
63$4,631,588$4,408,988$4,343,888$4,854,789
64$5,075,313$4,596,332$4,460,712$5,194,611
65$5,563,395$4,791,951$4,580,545$5,560,518
66$6,100,327$4,996,224$4,703,460$5,957,471
67$6,691,066$5,209,543$4,829,530$6,388,382
68$7,341,067$5,432,324$4,958,832$6,856,451
69$8,056,346$5,664,997$5,091,443$7,365,191
70$8,843,527$5,908,016$5,227,440$7,918,463
71$9,709,911$6,161,854$5,366,904$8,520,510
72$10,663,544$6,427,006$5,509,917$9,175,994
73$11,713,289$6,703,993$5,656,563$9,890,040
74$12,868,913$6,993,357$5,806,926$10,668,279
75$14,141,178$7,295,667$5,961,094$11,516,905
76$15,541,942$7,611,519$6,119,155$12,442,727
77$17,084,273$7,941,536$6,281,199$13,453,233
78$18,782,569$8,286,372$6,447,319$14,556,657
79$20,652,695$8,646,708$6,617,609$15,762,057
80$22,712,135$9,023,262$6,792,164$17,079,396
81$24,980,153$9,416,782$6,971,082$18,519,633
82$27,477,978$9,828,053$7,154,462$20,094,827
83$30,229,000$10,257,897$7,342,405$21,818,245
84$33,258,998$10,707,173$7,535,015$23,704,484
85$36,596,374$11,176,783$7,732,397$25,769,610
86$40,272,429$11,667,670$7,934,657$28,031,302
87$44,321,654$12,180,823$8,141,904$30,509,019
88$48,782,054$12,717,275$8,354,250$33,224,176
89$53,695,512$13,278,110$8,571,806$36,200,348
90$59,108,180$13,864,463$8,794,687$39,463,485
91$65,070,916$14,477,523$9,023,011$43,042,154
92$71,639,762$15,118,535$9,256,895$46,967,806
93$78,876,477$15,788,802$9,496,459$51,275,064
94$86,849,114$16,489,690$9,741,827$56,002,053
95$95,632,668$17,222,629$9,993,123$61,190,749
96$105,309,781$17,989,118$10,250,473$66,887,373
97$115,971,520$18,790,727$10,514,006$73,142,819
98$127,718,242$19,629,099$10,783,851$80,013,136
99$140,660,534$20,505,956$11,060,141$87,560,044
100$154,920,263$21,423,102$11,343,011$95,851,516