Can I retire at age 63 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$363,348$360,111$356,954$353,872$350,862$346,334
2 years$179,875$176,525$173,278$170,131$167,077$162,522
3 years$118,726$115,361$112,123$109,004$106,001$101,560
4 years$88,157$84,803$81,597$78,531$75,601$71,308
5 years$69,820$66,486$63,322$60,320$57,470$53,338
6 years$57,600$54,291$51,174$48,238$45,474$41,508
7 years$48,875$45,594$42,526$39,659$36,983$33,184
8 years$42,334$39,082$36,065$33,269$30,681$27,049
9 years$37,249$34,028$31,063$28,338$25,838$22,371
10 years$33,183$29,994$27,081$24,428$22,015$18,711
11 years$29,859$26,702$23,842$21,259$18,934$15,790
12 years$27,091$23,966$21,159$18,647$16,407$13,420
13 years$24,751$21,658$18,904$16,463$14,308$11,472
14 years$22,746$19,687$16,986$14,614$12,542$9,855
15 years$21,011$17,984$15,336$13,033$11,043$8,500
16 years$19,494$16,500$13,904$11,670$9,760$7,356
17 years$18,156$15,196$12,652$10,485$8,654$6,384
18 years$16,969$14,042$11,550$9,449$7,694$5,554
19 years$15,908$13,014$10,573$8,538$6,858$4,842
20 years$14,954$12,093$9,704$7,733$6,126$4,229
21 years$14,092$11,264$8,925$7,018$5,482$3,699
22 years$13,310$10,515$8,226$6,381$4,914$3,240
23 years$12,597$9,834$7,595$5,811$4,411$2,841
24 years$11,944$9,214$7,024$5,300$3,965$2,494
25 years$11,344$8,647$6,506$4,841$3,568$2,191
26 years$10,791$8,127$6,034$4,426$3,214$1,927
27 years$10,280$7,648$5,603$4,051$2,897$1,695
28 years$9,807$7,207$5,209$3,712$2,614$1,492
29 years$9,367$6,799$4,847$3,404$2,361$1,314
30 years$8,956$6,421$4,515$3,124$2,133$1,158
31 years$8,574$6,070$4,209$2,869$1,928$1,021
32 years$8,216$5,743$3,927$2,637$1,744$901
33 years$7,880$5,439$3,667$2,425$1,579$794
34 years$7,564$5,155$3,426$2,231$1,429$701
35 years$7,268$4,889$3,203$2,054$1,295$619
36 years$6,988$4,641$2,997$1,891$1,173$546
37 years$6,724$4,408$2,805$1,743$1,063$482
38 years$6,475$4,189$2,627$1,606$964$426
39 years$6,239$3,983$2,461$1,481$874$376
40 years$6,015$3,790$2,306$1,366$793$332
41 years$5,803$3,607$2,163$1,260$719$293
42 years$5,602$3,436$2,029$1,163$653$259
43 years$5,410$3,273$1,904$1,074$592$229
44 years$5,228$3,120$1,787$991$538$202
45 years$5,054$2,975$1,678$916$488$179
46 years$4,888$2,838$1,576$846$443$158
47 years$4,730$2,709$1,481$781$402$140
48 years$4,579$2,586$1,391$722$365$124
49 years$4,434$2,469$1,308$667$332$109
50 years$4,296$2,359$1,229$617$301$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,400,000, adding $3,691 every year, while hoping to spend $59,124 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: 31/41/28 Blend
62$4,400,000$4,400,000$4,400,000$4,400,000
63$4,852,607$4,619,407$4,551,207$4,961,304
64$5,284,666$4,782,851$4,640,765$5,209,191
65$5,758,813$4,952,321$4,731,342$5,470,389
66$6,279,278$5,128,052$4,822,909$5,750,393
67$6,850,723$5,310,285$4,915,435$6,050,891
68$7,478,281$5,499,273$5,008,885$6,373,734
69$8,167,606$5,695,278$5,103,224$6,720,958
70$8,924,928$5,898,573$5,198,408$7,094,795
71$9,757,110$6,109,442$5,294,394$7,497,701
72$10,671,713$6,328,183$5,391,134$7,932,370
73$11,677,066$6,555,101$5,488,575$8,401,767
74$12,782,345$6,790,520$5,586,660$8,909,147
75$13,997,660$7,034,771$5,685,330$9,458,092
76$15,334,151$7,288,204$5,784,517$10,052,536
77$16,804,088$7,551,180$5,884,152$10,696,807
78$18,420,993$7,824,076$5,984,160$11,395,665
79$20,199,764$8,107,285$6,084,459$12,154,346
80$22,156,813$8,401,216$6,184,962$12,978,606
81$24,310,228$8,706,295$6,285,577$13,874,782
82$26,679,933$9,022,965$6,386,206$14,849,842
83$29,287,884$9,351,689$6,486,743$15,911,456
84$32,158,275$9,692,948$6,587,075$17,068,064
85$35,317,761$10,047,245$6,687,084$18,328,953
86$38,795,714$10,415,101$6,786,643$19,704,345
87$42,624,498$10,797,062$6,885,616$21,205,492
88$46,839,774$11,193,695$6,983,861$22,844,779
89$51,480,836$11,605,591$7,081,226$24,635,842
90$56,590,984$12,033,368$7,177,550$26,593,690
91$62,217,929$12,477,668$7,272,662$28,734,851
92$68,414,244$12,939,160$7,366,383$31,077,520
93$75,237,862$13,418,543$7,458,521$33,641,733
94$82,752,617$13,916,545$7,548,875$36,449,553
95$91,028,852$14,433,924$7,637,231$39,525,276
96$100,144,081$14,971,473$7,723,364$42,895,657
97$110,183,718$15,530,015$7,807,036$46,590,160
98$121,241,882$16,110,411$7,887,998$50,641,239
99$133,422,292$16,713,559$7,965,983$55,084,633
100$146,839,236$17,340,393$8,040,714$59,959,709