Can I retire at age 63 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$379,864$376,480$373,179$369,957$366,810$352,814
2 years$188,051$184,549$181,155$177,864$174,672$160,735
3 years$124,122$120,605$117,219$113,959$110,819$97,381
4 years$92,164$88,657$85,306$82,101$79,037$66,200
5 years$72,994$69,508$66,201$63,062$60,083$47,880
6 years$60,218$56,759$53,500$50,431$47,541$35,981
7 years$51,096$47,666$44,459$41,462$38,664$27,742
8 years$44,258$40,859$37,704$34,781$32,075$21,782
9 years$38,942$35,575$32,475$29,626$27,012$17,332
10 years$34,692$31,357$28,312$25,538$23,016$13,931
11 years$31,216$27,916$24,926$22,226$19,794$11,285
12 years$28,322$25,056$22,121$19,495$17,153$9,197
13 years$25,876$22,643$19,764$17,211$14,958$7,532
14 years$23,780$20,582$17,758$15,278$13,112$6,192
15 years$21,966$18,802$16,033$13,625$11,545$5,107
16 years$20,380$17,250$14,536$12,200$10,203$4,222
17 years$18,982$15,887$13,227$10,962$9,047$3,498
18 years$17,740$14,680$12,075$9,879$8,044$2,903
19 years$16,631$13,605$11,054$8,926$7,170$2,413
20 years$15,634$12,643$10,145$8,084$6,404$2,008
21 years$14,733$11,776$9,331$7,337$5,731$1,672
22 years$13,915$10,993$8,600$6,671$5,137$1,394
23 years$13,169$10,281$7,941$6,075$4,611$1,163
24 years$12,487$9,633$7,344$5,541$4,145$970
25 years$11,860$9,040$6,802$5,061$3,730$810
26 years$11,282$8,496$6,308$4,627$3,360$676
27 years$10,748$7,996$5,858$4,235$3,029$565
28 years$10,252$7,534$5,446$3,880$2,733$472
29 years$9,792$7,108$5,068$3,558$2,468$395
30 years$9,364$6,713$4,720$3,266$2,230$330
31 years$8,963$6,346$4,401$2,999$2,016$276
32 years$8,589$6,004$4,106$2,756$1,824$231
33 years$8,238$5,686$3,834$2,535$1,650$193
34 years$7,908$5,389$3,582$2,332$1,494$161
35 years$7,598$5,112$3,349$2,147$1,353$135
36 years$7,306$4,852$3,133$1,977$1,226$113
37 years$7,030$4,608$2,932$1,822$1,111$95
38 years$6,769$4,379$2,746$1,679$1,008$79
39 years$6,523$4,164$2,573$1,548$914$66
40 years$6,289$3,962$2,411$1,428$829$55
41 years$6,067$3,771$2,261$1,318$752$46
42 years$5,856$3,592$2,121$1,216$682$39
43 years$5,656$3,422$1,990$1,122$619$32
44 years$5,465$3,262$1,868$1,036$562$27
45 years$5,284$3,111$1,754$957$510$23
46 years$5,110$2,967$1,648$884$463$19
47 years$4,945$2,832$1,548$817$421$16
48 years$4,787$2,703$1,455$755$382$13
49 years$4,636$2,582$1,367$698$347$11
50 years$4,491$2,466$1,285$645$315$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,600,000, adding $3,737 every year, while hoping to spend $40,803 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: 34/42/24 Blend
62$4,600,000$4,600,000$4,600,000$4,600,000
63$5,073,055$4,829,255$4,757,955$5,208,364
64$5,547,092$5,022,474$4,873,932$5,502,864
65$6,068,114$5,223,794$4,992,427$5,816,256
66$6,640,869$5,433,567$5,113,481$6,153,394
67$7,270,591$5,652,165$5,237,136$6,516,411
68$7,963,043$5,879,973$5,363,431$6,907,648
69$8,724,577$6,117,395$5,492,410$7,329,673
70$9,562,190$6,364,854$5,624,113$7,785,304
71$10,483,593$6,622,791$5,758,580$8,277,635
72$11,497,280$6,891,669$5,895,853$8,810,062
73$12,612,610$7,171,968$6,035,971$9,386,314
74$13,839,897$7,464,194$6,178,976$10,010,488
75$15,190,501$7,768,875$6,324,907$10,687,083
76$16,676,944$8,086,561$6,473,803$11,421,044
77$18,313,019$8,417,830$6,625,703$12,217,802
78$20,113,928$8,763,285$6,780,644$13,083,328
79$22,096,418$9,123,555$6,938,665$14,024,184
80$24,278,945$9,499,301$7,099,803$15,047,586
81$26,681,843$9,891,213$7,264,092$16,161,465
82$29,327,520$10,300,011$7,431,568$17,374,543
83$32,240,666$10,726,451$7,602,264$18,696,412
84$35,448,487$11,171,320$7,776,214$20,137,622
85$38,980,964$11,635,446$7,953,448$21,709,776
86$42,871,130$12,119,690$8,133,996$23,425,642
87$47,155,387$12,624,957$8,317,887$25,299,261
88$51,873,848$13,152,192$8,505,148$27,346,088
89$57,070,713$13,702,382$8,695,803$29,583,124
90$62,794,689$14,276,562$8,889,875$32,029,082
91$69,099,448$14,875,813$9,087,387$34,704,551
92$76,044,132$15,501,269$9,288,355$37,632,197
93$83,693,916$16,154,113$9,492,797$40,836,964
94$92,120,615$16,835,585$9,700,725$44,346,310
95$101,403,371$17,546,981$9,912,152$48,190,462
96$111,629,391$18,289,659$10,127,086$52,402,695
97$122,894,775$19,065,039$10,345,529$57,019,642
98$135,305,423$19,874,607$10,567,486$62,081,638
99$148,978,032$20,719,918$10,792,952$67,633,091
100$164,041,197$21,602,601$11,021,922$73,722,900