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

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$388,122$384,664$381,291$377,999$374,785$371,334
2 years$192,139$188,561$185,093$181,730$178,469$174,993
3 years$126,821$123,227$119,767$116,436$113,228$109,834
4 years$94,168$90,585$87,160$83,886$80,755$77,469
5 years$74,581$71,019$67,640$64,432$61,389$58,220
6 years$61,527$57,993$54,663$51,527$48,575$45,527
7 years$52,207$48,702$45,425$42,363$39,504$36,580
8 years$45,220$41,747$38,524$35,538$32,773$29,971
9 years$39,788$36,348$33,181$30,270$27,599$24,919
10 years$35,446$32,039$28,928$26,093$23,516$20,956
11 years$31,895$28,522$25,468$22,709$20,225$17,783
12 years$28,938$25,600$22,602$19,919$17,526$15,201
13 years$26,438$23,135$20,193$17,585$15,283$13,071
14 years$24,297$21,029$18,144$15,610$13,397$11,295
15 years$22,443$19,211$16,381$13,922$11,796$9,802
16 years$20,823$17,625$14,852$12,465$10,425$8,535
17 years$19,394$16,232$13,515$11,200$9,244$7,454
18 years$18,126$14,999$12,337$10,093$8,219$6,527
19 years$16,993$13,901$11,294$9,120$7,326$5,727
20 years$15,974$12,918$10,365$8,260$6,544$5,035
21 years$15,053$12,032$9,534$7,497$5,856$4,434
22 years$14,217$11,232$8,787$6,816$5,249$3,911
23 years$13,455$10,505$8,113$6,208$4,712$3,453
24 years$12,758$9,842$7,503$5,662$4,235$3,052
25 years$12,117$9,237$6,950$5,171$3,811$2,701
26 years$11,527$8,681$6,445$4,728$3,433$2,391
27 years$10,981$8,170$5,985$4,327$3,095$2,119
28 years$10,475$7,698$5,564$3,965$2,793$1,879
29 years$10,005$7,262$5,178$3,636$2,522$1,667
30 years$9,567$6,859$4,823$3,337$2,278$1,480
31 years$9,158$6,484$4,496$3,065$2,060$1,315
32 years$8,776$6,135$4,195$2,816$1,863$1,168
33 years$8,417$5,810$3,917$2,590$1,686$1,038
34 years$8,080$5,506$3,660$2,383$1,527$923
35 years$7,763$5,223$3,422$2,194$1,383$821
36 years$7,465$4,957$3,201$2,020$1,253$730
37 years$7,183$4,708$2,996$1,861$1,136$649
38 years$6,917$4,474$2,806$1,716$1,030$578
39 years$6,664$4,255$2,629$1,582$934$514
40 years$6,426$4,048$2,464$1,459$847$458
41 years$6,199$3,853$2,310$1,346$768$408
42 years$5,984$3,670$2,167$1,242$697$363
43 years$5,779$3,497$2,033$1,147$633$323
44 years$5,584$3,333$1,909$1,059$574$288
45 years$5,399$3,178$1,792$978$521$256
46 years$5,222$3,032$1,683$903$473$228
47 years$5,053$2,893$1,581$835$430$203
48 years$4,891$2,762$1,486$771$390$181
49 years$4,737$2,638$1,397$713$355$161
50 years$4,589$2,520$1,313$659$322$144

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 $6,432 every year, while hoping to spend $35,311 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: 60/21/19 Blend
62$4,700,000$4,700,000$4,700,000$4,700,000
63$5,186,035$4,936,935$4,864,085$5,471,183
64$5,677,440$5,141,274$4,989,461$5,869,175
65$6,217,784$5,354,442$5,117,854$6,298,714
66$6,812,023$5,576,835$5,249,327$6,766,527
67$7,465,616$5,808,866$5,383,945$7,276,329
68$8,184,576$6,050,967$5,521,774$7,832,204
69$8,975,530$6,303,592$5,662,881$8,438,646
70$9,845,779$6,567,213$5,807,333$9,100,601
71$10,803,368$6,842,326$5,955,198$9,823,510
72$11,857,161$7,129,450$6,106,547$10,613,362
73$13,016,924$7,429,125$6,261,449$11,476,748
74$14,293,418$7,741,920$6,419,975$12,420,923
75$15,698,501$8,068,429$6,582,199$13,453,871
76$17,245,238$8,409,271$6,748,192$14,584,382
77$18,948,025$8,765,098$6,918,029$15,822,134
78$20,822,724$9,136,590$7,091,784$17,177,778
79$22,886,817$9,524,457$7,269,534$18,663,046
80$25,159,562$9,929,445$7,451,353$20,290,849
81$27,662,183$10,352,334$7,637,319$22,075,409
82$30,418,067$10,793,939$7,827,510$24,032,384
83$33,452,982$11,255,115$8,022,005$26,179,015
84$36,795,326$11,736,755$8,220,881$28,534,292
85$40,476,388$12,239,794$8,424,219$31,119,124
86$44,530,648$12,765,213$8,632,099$33,956,543
87$48,996,102$13,314,036$8,844,602$37,071,911
88$53,914,616$13,887,336$9,061,808$40,493,165
89$59,332,328$14,486,236$9,283,800$44,251,073
90$65,300,076$15,111,913$9,510,658$48,379,525
91$71,873,884$15,765,597$9,742,465$52,915,853
92$79,115,487$16,448,577$9,979,304$57,901,174
93$87,092,912$17,162,203$10,221,257$63,380,783
94$95,881,126$17,907,888$10,468,406$69,404,574
95$105,562,737$18,687,111$10,720,833$76,027,512
96$116,228,777$19,501,420$10,978,622$83,310,143
97$127,979,560$20,352,437$11,241,853$91,319,170
98$140,925,629$21,241,861$11,510,610$100,128,073
99$155,188,801$22,171,469$11,784,973$109,817,805
100$170,903,311$23,143,124$12,065,022$120,477,550