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%12.9%
1 years$371,606$368,296$365,066$361,914$358,836$354,499
2 years$183,963$180,537$177,217$173,997$170,874$166,510
3 years$121,424$117,983$114,671$111,482$108,410$104,153
4 years$90,160$86,730$83,451$80,316$77,319$73,203
5 years$71,407$67,997$64,761$61,691$58,776$54,813
6 years$58,909$55,525$52,337$49,334$46,508$42,702
7 years$49,985$46,630$43,492$40,561$37,823$34,176
8 years$43,296$39,970$36,885$34,025$31,378$27,890
9 years$38,095$34,801$31,769$28,982$26,425$23,094
10 years$33,937$30,676$27,697$24,983$22,515$19,339
11 years$30,538$27,309$24,384$21,742$19,364$16,340
12 years$27,707$24,511$21,640$19,071$16,780$13,905
13 years$25,313$22,151$19,334$16,837$14,633$11,903
14 years$23,263$20,134$17,372$14,946$12,827$10,238
15 years$21,488$18,393$15,684$13,329$11,294$8,842
16 years$19,937$16,875$14,220$11,935$9,982$7,663
17 years$18,569$15,542$12,940$10,723$8,850$6,660
18 years$17,355$14,361$11,812$9,664$7,869$5,802
19 years$16,270$13,310$10,814$8,732$7,014$5,066
20 years$15,294$12,368$9,924$7,909$6,265$4,431
21 years$14,413$11,520$9,128$7,178$5,607$3,882
22 years$13,612$10,754$8,413$6,526$5,026$3,405
23 years$12,883$10,058$7,768$5,943$4,511$2,991
24 years$12,215$9,424$7,184$5,421$4,055$2,629
25 years$11,602$8,844$6,654$4,951$3,649$2,314
26 years$11,036$8,311$6,171$4,527$3,287$2,037
27 years$10,514$7,822$5,731$4,143$2,963$1,796
28 years$10,030$7,371$5,327$3,796$2,674$1,583
29 years$9,579$6,953$4,957$3,481$2,414$1,397
30 years$9,160$6,567$4,618$3,195$2,181$1,233
31 years$8,769$6,208$4,305$2,934$1,972$1,089
32 years$8,402$5,874$4,017$2,697$1,784$962
33 years$8,059$5,563$3,750$2,480$1,615$850
34 years$7,736$5,272$3,504$2,282$1,462$751
35 years$7,433$5,000$3,276$2,100$1,324$664
36 years$7,147$4,746$3,065$1,934$1,200$587
37 years$6,877$4,508$2,868$1,782$1,087$519
38 years$6,622$4,284$2,686$1,643$986$459
39 years$6,381$4,074$2,517$1,515$894$406
40 years$6,152$3,876$2,359$1,397$811$360
41 years$5,935$3,689$2,212$1,289$736$318
42 years$5,729$3,514$2,075$1,190$667$282
43 years$5,533$3,348$1,947$1,098$606$249
44 years$5,347$3,191$1,828$1,014$550$221
45 years$5,169$3,043$1,716$936$499$195
46 years$4,999$2,903$1,612$865$453$173
47 years$4,838$2,770$1,514$799$412$153
48 years$4,683$2,645$1,423$738$374$136
49 years$4,535$2,525$1,337$682$339$120
50 years$4,394$2,412$1,257$631$308$106

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 $3,710 every year, while hoping to spend $31,795 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: 24/49/27 Blend
62$4,500,000$4,500,000$4,500,000$4,500,000
63$4,962,827$4,724,327$4,654,577$5,039,536
64$5,435,206$4,921,989$4,776,676$5,302,309
65$5,954,701$5,128,271$4,901,799$5,580,712
66$6,526,086$5,343,562$5,030,015$5,878,335
67$7,154,619$5,568,269$5,161,392$6,196,796
68$7,846,092$5,802,816$5,296,001$6,537,866
69$8,606,889$6,047,650$5,433,913$6,903,481
70$9,444,043$6,303,236$5,575,200$7,295,763
71$10,365,304$6,570,062$5,719,937$7,717,031
72$11,379,208$6,848,639$5,868,199$8,169,828
73$12,495,166$7,139,500$6,020,061$8,656,937
74$13,723,542$7,443,205$6,175,603$9,181,410
75$15,075,760$7,760,339$6,334,902$9,746,589
76$16,564,404$8,091,513$6,498,038$10,356,141
77$18,203,345$8,437,368$6,665,094$11,014,086
78$20,007,862$8,798,575$6,836,151$11,724,834
79$21,994,796$9,175,837$7,011,293$12,493,221
80$24,182,700$9,569,888$7,190,606$13,324,558
81$26,592,019$9,981,496$7,374,176$14,224,671
82$29,245,284$10,411,468$7,562,089$15,199,956
83$32,167,319$10,860,647$7,754,436$16,257,439
84$35,385,481$11,329,914$7,951,305$17,404,832
85$38,929,914$11,820,194$8,152,788$18,650,609
86$42,833,836$12,332,453$8,358,976$20,004,078
87$47,133,849$12,867,705$8,569,964$21,475,467
88$51,870,288$13,427,010$8,785,844$23,076,014
89$57,087,602$14,011,477$9,006,714$24,818,073
90$62,834,767$14,622,269$9,232,669$26,715,221
91$69,165,756$15,260,604$9,463,807$28,782,387
92$76,140,045$15,927,755$9,700,225$31,035,982
93$83,823,171$16,625,057$9,942,025$33,494,054
94$92,287,357$17,353,907$10,189,305$36,176,452
95$101,612,188$18,115,768$10,442,167$39,105,003
96$111,885,364$18,912,174$10,700,713$42,303,719
97$123,203,530$19,744,729$10,965,045$45,799,015
98$135,673,183$20,615,114$11,235,267$49,619,950
99$149,411,681$21,525,088$11,511,482$53,798,497
100$164,548,351$22,476,496$11,793,796$58,369,836