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

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$379,864$376,480$373,179$369,957$366,810$357,363
2 years$188,051$184,549$181,155$177,864$174,672$165,216
3 years$124,122$120,605$117,219$113,959$110,819$101,652
4 years$92,164$88,657$85,306$82,101$79,037$70,228
5 years$72,994$69,508$66,201$63,062$60,083$51,657
6 years$60,218$56,759$53,500$50,431$47,541$39,506
7 years$51,096$47,666$44,459$41,462$38,664$31,021
8 years$44,258$40,859$37,704$34,781$32,075$24,820
9 years$38,942$35,575$32,475$29,626$27,012$20,139
10 years$34,692$31,357$28,312$25,538$23,016$16,516
11 years$31,216$27,916$24,926$22,226$19,794$13,659
12 years$28,322$25,056$22,121$19,495$17,153$11,371
13 years$25,876$22,643$19,764$17,211$14,958$9,517
14 years$23,780$20,582$17,758$15,278$13,112$8,000
15 years$21,966$18,802$16,033$13,625$11,545$6,749
16 years$20,380$17,250$14,536$12,200$10,203$5,710
17 years$18,982$15,887$13,227$10,962$9,047$4,843
18 years$17,740$14,680$12,075$9,879$8,044$4,116
19 years$16,631$13,605$11,054$8,926$7,170$3,505
20 years$15,634$12,643$10,145$8,084$6,404$2,988
21 years$14,733$11,776$9,331$7,337$5,731$2,551
22 years$13,915$10,993$8,600$6,671$5,137$2,180
23 years$13,169$10,281$7,941$6,075$4,611$1,865
24 years$12,487$9,633$7,344$5,541$4,145$1,596
25 years$11,860$9,040$6,802$5,061$3,730$1,367
26 years$11,282$8,496$6,308$4,627$3,360$1,172
27 years$10,748$7,996$5,858$4,235$3,029$1,005
28 years$10,252$7,534$5,446$3,880$2,733$862
29 years$9,792$7,108$5,068$3,558$2,468$740
30 years$9,364$6,713$4,720$3,266$2,230$635
31 years$8,963$6,346$4,401$2,999$2,016$545
32 years$8,589$6,004$4,106$2,756$1,824$468
33 years$8,238$5,686$3,834$2,535$1,650$402
34 years$7,908$5,389$3,582$2,332$1,494$345
35 years$7,598$5,112$3,349$2,147$1,353$297
36 years$7,306$4,852$3,133$1,977$1,226$255
37 years$7,030$4,608$2,932$1,822$1,111$219
38 years$6,769$4,379$2,746$1,679$1,008$188
39 years$6,523$4,164$2,573$1,548$914$162
40 years$6,289$3,962$2,411$1,428$829$139
41 years$6,067$3,771$2,261$1,318$752$120
42 years$5,856$3,592$2,121$1,216$682$103
43 years$5,656$3,422$1,990$1,122$619$88
44 years$5,465$3,262$1,868$1,036$562$76
45 years$5,284$3,111$1,754$957$510$65
46 years$5,110$2,967$1,648$884$463$56
47 years$4,945$2,832$1,548$817$421$48
48 years$4,787$2,703$1,455$755$382$41
49 years$4,636$2,582$1,367$698$347$36
50 years$4,491$2,466$1,285$645$315$31

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 $6,773 every year, while hoping to spend $46,813 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: 75/10/15 Blend
62$4,600,000$4,600,000$4,600,000$4,600,000
63$5,076,186$4,832,386$4,761,086$5,439,869
64$5,544,149$5,019,365$4,870,774$5,868,167
65$6,058,274$5,213,936$4,982,567$6,330,968
66$6,623,222$5,416,423$5,096,487$6,836,939
67$7,244,125$5,627,162$5,212,554$7,390,360
68$7,926,639$5,846,506$5,330,787$7,995,944
69$8,676,992$6,074,821$5,451,205$8,658,883
70$9,502,050$6,312,491$5,573,825$9,384,892
71$10,409,373$6,559,918$5,698,662$10,180,266
72$11,407,294$6,817,519$5,825,733$11,051,938
73$12,504,993$7,085,731$5,955,049$12,007,542
74$13,712,582$7,365,012$6,086,623$13,055,488
75$15,041,206$7,655,838$6,220,466$14,205,037
76$16,503,143$7,958,708$6,356,585$15,466,391
77$18,111,921$8,274,142$6,494,988$16,850,788
78$19,882,446$8,602,684$6,635,679$18,370,604
79$21,831,142$8,944,903$6,778,662$20,039,476
80$23,976,108$9,301,392$6,923,936$21,872,423
81$26,337,282$9,672,772$7,071,499$23,885,990
82$28,936,639$10,059,691$7,221,348$26,098,406
83$31,798,388$10,462,828$7,373,475$28,529,751
84$34,949,206$10,882,890$7,527,869$31,202,146
85$38,418,491$11,320,617$7,684,519$34,139,965
86$42,238,634$11,776,784$7,843,407$37,370,056
87$46,445,327$12,252,199$8,004,513$40,922,003
88$51,077,901$12,747,707$8,167,815$44,828,396
89$56,179,694$13,264,192$8,333,284$49,125,145
90$61,798,464$13,802,579$8,500,890$53,851,813
91$67,986,834$14,363,832$8,670,597$59,051,989
92$74,802,793$14,948,961$8,842,364$64,773,700
93$82,310,241$15,559,024$9,016,146$71,069,865
94$90,579,592$16,195,122$9,191,893$77,998,789
95$99,688,438$16,858,411$9,369,549$85,624,714
96$109,722,283$17,550,097$9,549,054$94,018,428
97$120,775,348$18,271,444$9,730,339$103,257,924
98$132,951,458$19,023,770$9,913,330$113,429,145
99$146,365,029$19,808,456$10,097,949$124,626,784
100$161,142,138$20,626,947$10,284,106$136,955,185