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%16.9%
1 years$371,606$368,296$365,066$361,914$358,836$348,748
2 years$183,963$180,537$177,217$173,997$170,874$160,787
3 years$121,424$117,983$114,671$111,482$108,410$98,640
4 years$90,160$86,730$83,451$80,316$77,319$67,941
5 years$71,407$67,997$64,761$61,691$58,776$49,817
6 years$58,909$55,525$52,337$49,334$46,508$37,975
7 years$49,985$46,630$43,492$40,561$37,823$29,717
8 years$43,296$39,970$36,885$34,025$31,378$23,694
9 years$38,095$34,801$31,769$28,982$26,425$19,155
10 years$33,937$30,676$27,697$24,983$22,515$15,651
11 years$30,538$27,309$24,384$21,742$19,364$12,893
12 years$27,707$24,511$21,640$19,071$16,780$10,691
13 years$25,313$22,151$19,334$16,837$14,633$8,912
14 years$23,263$20,134$17,372$14,946$12,827$7,460
15 years$21,488$18,393$15,684$13,329$11,294$6,267
16 years$19,937$16,875$14,220$11,935$9,982$5,280
17 years$18,569$15,542$12,940$10,723$8,850$4,459
18 years$17,355$14,361$11,812$9,664$7,869$3,773
19 years$16,270$13,310$10,814$8,732$7,014$3,198
20 years$15,294$12,368$9,924$7,909$6,265$2,714
21 years$14,413$11,520$9,128$7,178$5,607$2,307
22 years$13,612$10,754$8,413$6,526$5,026$1,962
23 years$12,883$10,058$7,768$5,943$4,511$1,670
24 years$12,215$9,424$7,184$5,421$4,055$1,423
25 years$11,602$8,844$6,654$4,951$3,649$1,213
26 years$11,036$8,311$6,171$4,527$3,287$1,035
27 years$10,514$7,822$5,731$4,143$2,963$883
28 years$10,030$7,371$5,327$3,796$2,674$754
29 years$9,579$6,953$4,957$3,481$2,414$643
30 years$9,160$6,567$4,618$3,195$2,181$550
31 years$8,769$6,208$4,305$2,934$1,972$469
32 years$8,402$5,874$4,017$2,697$1,784$401
33 years$8,059$5,563$3,750$2,480$1,615$343
34 years$7,736$5,272$3,504$2,282$1,462$293
35 years$7,433$5,000$3,276$2,100$1,324$250
36 years$7,147$4,746$3,065$1,934$1,200$214
37 years$6,877$4,508$2,868$1,782$1,087$183
38 years$6,622$4,284$2,686$1,643$986$157
39 years$6,381$4,074$2,517$1,515$894$134
40 years$6,152$3,876$2,359$1,397$811$114
41 years$5,935$3,689$2,212$1,289$736$98
42 years$5,729$3,514$2,075$1,190$667$84
43 years$5,533$3,348$1,947$1,098$606$72
44 years$5,347$3,191$1,828$1,014$550$61
45 years$5,169$3,043$1,716$936$499$52
46 years$4,999$2,903$1,612$865$453$45
47 years$4,838$2,770$1,514$799$412$38
48 years$4,683$2,645$1,423$738$374$33
49 years$4,535$2,525$1,337$682$339$28
50 years$4,394$2,412$1,257$631$308$24

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 $4,374 every year, while hoping to spend $34,650 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: 66/18/16 Blend
62$4,500,000$4,500,000$4,500,000$4,500,000
63$4,963,512$4,725,012$4,655,262$5,271,664
64$5,432,923$4,919,670$4,774,346$5,672,896
65$5,949,052$5,122,705$4,896,258$6,106,878
66$6,516,629$5,334,491$5,021,056$6,580,412
67$7,140,863$5,555,419$5,148,799$7,097,370
68$7,827,494$5,785,898$5,279,547$7,662,014
69$8,582,847$6,026,355$5,413,360$8,279,035
70$9,413,890$6,277,239$5,550,300$8,953,596
71$10,328,300$6,539,018$5,690,429$9,691,379
72$11,334,537$6,812,180$5,833,809$10,498,641
73$12,441,923$7,097,239$5,980,504$11,382,268
74$13,660,726$7,394,731$6,130,578$12,349,842
75$15,002,263$7,705,216$6,284,096$13,409,710
76$16,479,004$8,029,282$6,441,123$14,571,062
77$18,104,688$8,367,542$6,601,726$15,844,019
78$19,894,453$8,720,638$6,765,970$17,239,724
79$21,864,981$9,089,244$6,933,925$18,770,448
80$24,034,655$9,474,062$7,105,656$20,449,704
81$26,423,727$9,875,829$7,281,233$22,292,375
82$29,054,517$10,295,314$7,460,725$24,314,849
83$31,951,618$10,733,325$7,644,200$26,535,179
84$35,142,131$11,190,705$7,831,727$28,973,245
85$38,655,916$11,668,337$8,023,378$31,650,945
86$42,525,879$12,167,146$8,219,221$34,592,398
87$46,788,281$12,688,099$8,419,328$37,824,171
88$51,483,079$13,232,208$8,623,768$41,375,529
89$56,654,300$13,800,534$8,832,612$45,278,708
90$62,350,465$14,394,187$9,045,931$49,569,216
91$68,625,038$15,014,327$9,263,794$54,286,171
92$75,536,934$15,662,172$9,486,274$59,472,665
93$83,151,076$16,338,993$9,713,439$65,176,170
94$91,539,006$17,046,123$9,945,359$71,448,982
95$100,779,560$17,784,959$10,182,104$78,348,717
96$110,959,613$18,556,960$10,423,742$85,938,847
97$122,174,899$19,363,656$10,670,343$94,289,302
98$134,530,912$20,206,648$10,921,972$103,477,124
99$148,143,904$21,087,613$11,178,698$113,587,194
100$163,141,984$22,008,308$11,440,586$124,713,028