Can I retire at age 63 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$371,606$368,296$365,066$361,914$358,836$349,594
2 years$183,963$180,537$177,217$173,997$170,874$161,625
3 years$121,424$117,983$114,671$111,482$108,410$99,442
4 years$90,160$86,730$83,451$80,316$77,319$68,701
5 years$71,407$67,997$64,761$61,691$58,776$50,534
6 years$58,909$55,525$52,337$49,334$46,508$38,648
7 years$49,985$46,630$43,492$40,561$37,823$30,346
8 years$43,296$39,970$36,885$34,025$31,378$24,281
9 years$38,095$34,801$31,769$28,982$26,425$19,701
10 years$33,937$30,676$27,697$24,983$22,515$16,157
11 years$30,538$27,309$24,384$21,742$19,364$13,362
12 years$27,707$24,511$21,640$19,071$16,780$11,123
13 years$25,313$22,151$19,334$16,837$14,633$9,310
14 years$23,263$20,134$17,372$14,946$12,827$7,826
15 years$21,488$18,393$15,684$13,329$11,294$6,602
16 years$19,937$16,875$14,220$11,935$9,982$5,586
17 years$18,569$15,542$12,940$10,723$8,850$4,738
18 years$17,355$14,361$11,812$9,664$7,869$4,027
19 years$16,270$13,310$10,814$8,732$7,014$3,429
20 years$15,294$12,368$9,924$7,909$6,265$2,923
21 years$14,413$11,520$9,128$7,178$5,607$2,496
22 years$13,612$10,754$8,413$6,526$5,026$2,133
23 years$12,883$10,058$7,768$5,943$4,511$1,824
24 years$12,215$9,424$7,184$5,421$4,055$1,562
25 years$11,602$8,844$6,654$4,951$3,649$1,338
26 years$11,036$8,311$6,171$4,527$3,287$1,146
27 years$10,514$7,822$5,731$4,143$2,963$983
28 years$10,030$7,371$5,327$3,796$2,674$843
29 years$9,579$6,953$4,957$3,481$2,414$723
30 years$9,160$6,567$4,618$3,195$2,181$621
31 years$8,769$6,208$4,305$2,934$1,972$533
32 years$8,402$5,874$4,017$2,697$1,784$458
33 years$8,059$5,563$3,750$2,480$1,615$393
34 years$7,736$5,272$3,504$2,282$1,462$338
35 years$7,433$5,000$3,276$2,100$1,324$290
36 years$7,147$4,746$3,065$1,934$1,200$249
37 years$6,877$4,508$2,868$1,782$1,087$214
38 years$6,622$4,284$2,686$1,643$986$184
39 years$6,381$4,074$2,517$1,515$894$158
40 years$6,152$3,876$2,359$1,397$811$136
41 years$5,935$3,689$2,212$1,289$736$117
42 years$5,729$3,514$2,075$1,190$667$101
43 years$5,533$3,348$1,947$1,098$606$86
44 years$5,347$3,191$1,828$1,014$550$74
45 years$5,169$3,043$1,716$936$499$64
46 years$4,999$2,903$1,612$865$453$55
47 years$4,838$2,770$1,514$799$412$47
48 years$4,683$2,645$1,423$738$374$41
49 years$4,535$2,525$1,337$682$339$35
50 years$4,394$2,412$1,257$631$308$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,500,000, adding $5,479 every year, while hoping to spend $37,411 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: 55/23/22 Blend
62$4,500,000$4,500,000$4,500,000$4,500,000
63$4,964,652$4,726,152$4,656,402$5,207,658
64$5,431,241$4,917,928$4,772,586$5,566,542
65$5,944,169$5,117,848$4,891,409$5,952,772
66$6,508,122$5,326,270$5,012,919$6,372,594
67$7,128,264$5,543,571$5,137,165$6,829,240
68$7,810,284$5,770,143$5,264,198$7,326,264
69$8,560,451$6,006,398$5,394,067$7,867,576
70$9,385,671$6,252,766$5,526,822$8,457,477
71$10,293,553$6,509,695$5,662,514$9,100,699
72$11,292,482$6,777,656$5,801,194$9,802,448
73$12,391,694$7,057,140$5,942,913$10,568,454
74$13,601,367$7,348,661$6,087,721$11,405,022
75$14,932,718$7,652,757$6,235,671$12,319,090
76$16,398,103$7,969,989$6,386,814$13,318,296
77$18,011,139$8,300,948$6,541,201$14,411,046
78$19,786,827$8,646,246$6,698,883$15,606,593
79$21,741,700$9,006,529$6,859,912$16,915,125
80$23,893,973$9,382,468$7,024,339$18,347,856
81$26,263,719$9,774,770$7,192,215$19,917,133
82$28,873,054$10,184,170$7,363,591$21,636,551
83$31,746,350$10,611,439$7,538,516$23,521,080
84$34,910,463$11,057,384$7,717,041$25,587,202
85$38,394,983$11,522,849$7,899,214$27,853,067
86$42,232,519$12,008,716$8,085,086$30,338,665
87$46,459,004$12,515,911$8,274,704$33,066,007
88$51,114,031$13,045,399$8,468,115$36,059,335
89$56,241,231$13,598,193$8,665,366$39,345,350
90$61,888,683$14,175,351$8,866,503$42,953,458
91$68,109,367$14,777,982$9,071,569$46,916,047
92$74,961,664$15,407,244$9,280,608$51,268,792
93$82,509,907$16,064,353$9,493,662$56,050,988
94$90,824,989$16,750,577$9,710,771$61,305,919
95$99,985,030$17,467,247$9,931,974$67,081,263
96$110,076,116$18,215,755$10,157,307$73,429,542
97$121,193,110$18,997,557$10,386,807$80,408,612
98$133,440,547$19,814,178$10,620,506$88,082,207
99$146,933,625$20,667,214$10,858,434$96,520,540
100$161,799,284$21,558,337$11,100,621$105,800,960