Can I retire at age 63 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$388,122$384,664$381,291$377,999$374,785$364,542
2 years$192,139$188,561$185,093$181,730$178,469$168,224
3 years$126,821$123,227$119,767$116,436$113,228$103,302
4 years$94,168$90,585$87,160$83,886$80,755$71,224
5 years$74,581$71,019$67,640$64,432$61,389$52,279
6 years$61,527$57,993$54,663$51,527$48,575$39,895
7 years$52,207$48,702$45,425$42,363$39,504$31,255
8 years$45,220$41,747$38,524$35,538$32,773$24,950
9 years$39,788$36,348$33,181$30,270$27,599$20,195
10 years$35,446$32,039$28,928$26,093$23,516$16,521
11 years$31,895$28,522$25,468$22,709$20,225$13,627
12 years$28,938$25,600$22,602$19,919$17,526$11,315
13 years$26,438$23,135$20,193$17,585$15,283$9,444
14 years$24,297$21,029$18,144$15,610$13,397$7,917
15 years$22,443$19,211$16,381$13,922$11,796$6,660
16 years$20,823$17,625$14,852$12,465$10,425$5,619
17 years$19,394$16,232$13,515$11,200$9,244$4,752
18 years$18,126$14,999$12,337$10,093$8,219$4,027
19 years$16,993$13,901$11,294$9,120$7,326$3,419
20 years$15,974$12,918$10,365$8,260$6,544$2,906
21 years$15,053$12,032$9,534$7,497$5,856$2,473
22 years$14,217$11,232$8,787$6,816$5,249$2,107
23 years$13,455$10,505$8,113$6,208$4,712$1,797
24 years$12,758$9,842$7,503$5,662$4,235$1,533
25 years$12,117$9,237$6,950$5,171$3,811$1,309
26 years$11,527$8,681$6,445$4,728$3,433$1,118
27 years$10,981$8,170$5,985$4,327$3,095$956
28 years$10,475$7,698$5,564$3,965$2,793$817
29 years$10,005$7,262$5,178$3,636$2,522$699
30 years$9,567$6,859$4,823$3,337$2,278$598
31 years$9,158$6,484$4,496$3,065$2,060$512
32 years$8,776$6,135$4,195$2,816$1,863$438
33 years$8,417$5,810$3,917$2,590$1,686$375
34 years$8,080$5,506$3,660$2,383$1,527$321
35 years$7,763$5,223$3,422$2,194$1,383$275
36 years$7,465$4,957$3,201$2,020$1,253$235
37 years$7,183$4,708$2,996$1,861$1,136$202
38 years$6,917$4,474$2,806$1,716$1,030$173
39 years$6,664$4,255$2,629$1,582$934$148
40 years$6,426$4,048$2,464$1,459$847$127
41 years$6,199$3,853$2,310$1,346$768$108
42 years$5,984$3,670$2,167$1,242$697$93
43 years$5,779$3,497$2,033$1,147$633$80
44 years$5,584$3,333$1,909$1,059$574$68
45 years$5,399$3,178$1,792$978$521$58
46 years$5,222$3,032$1,683$903$473$50
47 years$5,053$2,893$1,581$835$430$43
48 years$4,891$2,762$1,486$771$390$37
49 years$4,737$2,638$1,397$713$355$31
50 years$4,589$2,520$1,313$659$322$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,700,000, adding $3,804 every year, while hoping to spend $53,504 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: 50/20/30 Blend
62$4,700,000$4,700,000$4,700,000$4,700,000
63$5,183,324$4,934,224$4,861,374$5,398,203
64$5,655,095$5,119,073$4,967,302$5,734,084
65$6,173,194$5,311,186$5,074,986$6,093,376
66$6,742,289$5,510,864$5,184,427$6,482,903
67$7,367,523$5,718,417$5,295,626$6,905,565
68$8,054,564$5,934,173$5,408,583$7,364,551
69$8,809,652$6,158,471$5,523,294$7,863,373
70$9,639,666$6,391,665$5,639,753$8,405,891
71$10,552,181$6,634,125$5,757,954$8,996,356
72$11,555,545$6,886,238$5,877,886$9,639,446
73$12,658,953$7,148,407$5,999,538$10,340,308
74$13,872,538$7,421,051$6,122,895$11,104,609
75$15,207,464$7,704,610$6,247,939$11,938,587
76$16,676,030$7,999,540$6,374,650$12,849,108
77$18,291,788$8,306,321$6,503,003$13,843,734
78$20,069,670$8,625,450$6,632,973$14,930,787
79$22,026,127$8,957,448$6,764,529$16,119,433
80$24,179,288$9,302,858$6,897,636$17,419,764
81$26,549,125$9,662,248$7,032,257$18,842,892
82$29,157,648$10,036,210$7,168,349$20,401,056
83$32,029,106$10,425,363$7,305,867$22,107,733
84$35,190,220$10,830,351$7,444,759$23,977,766
85$38,670,434$11,251,849$7,584,970$26,027,503
86$42,502,190$11,690,561$7,726,438$28,274,948
87$46,721,237$12,147,223$7,869,097$30,739,934
88$51,366,967$12,622,601$8,012,876$33,444,303
89$56,482,787$13,117,498$8,157,697$36,412,119
90$62,116,527$13,632,751$8,303,476$39,669,884
91$68,320,893$14,169,235$8,450,122$43,246,796
92$75,153,960$14,727,864$8,597,537$47,175,016
93$82,679,727$15,309,592$8,745,618$51,489,975
94$90,968,714$15,915,417$8,894,251$56,230,705
95$100,098,631$16,546,381$9,043,316$61,440,206
96$110,155,110$17,203,572$9,192,686$67,165,848
97$121,232,511$17,888,127$9,342,221$73,459,822
98$133,434,817$18,601,235$9,491,775$80,379,626
99$146,876,611$19,344,138$9,641,192$87,988,607
100$161,684,159$20,118,134$9,790,305$96,356,559