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%20%
1 years$388,122$384,664$381,291$377,999$374,785$359,773
2 years$192,139$188,561$185,093$181,730$178,469$163,533
3 years$126,821$123,227$119,767$116,436$113,228$98,839
4 years$94,168$90,585$87,160$83,886$80,755$67,022
5 years$74,581$71,019$67,640$64,432$61,389$48,346
6 years$61,527$57,993$54,663$51,527$48,575$36,231
7 years$52,207$48,702$45,425$42,363$39,504$27,855
8 years$45,220$41,747$38,524$35,538$32,773$21,806
9 years$39,788$36,348$33,181$30,270$27,599$17,298
10 years$35,446$32,039$28,928$26,093$23,516$13,859
11 years$31,895$28,522$25,468$22,709$20,225$11,190
12 years$28,938$25,600$22,602$19,919$17,526$9,090
13 years$26,438$23,135$20,193$17,585$15,283$7,419
14 years$24,297$21,029$18,144$15,610$13,397$6,078
15 years$22,443$19,211$16,381$13,922$11,796$4,994
16 years$20,823$17,625$14,852$12,465$10,425$4,114
17 years$19,394$16,232$13,515$11,200$9,244$3,396
18 years$18,126$14,999$12,337$10,093$8,219$2,808
19 years$16,993$13,901$11,294$9,120$7,326$2,325
20 years$15,974$12,918$10,365$8,260$6,544$1,927
21 years$15,053$12,032$9,534$7,497$5,856$1,599
22 years$14,217$11,232$8,787$6,816$5,249$1,327
23 years$13,455$10,505$8,113$6,208$4,712$1,103
24 years$12,758$9,842$7,503$5,662$4,235$917
25 years$12,117$9,237$6,950$5,171$3,811$762
26 years$11,527$8,681$6,445$4,728$3,433$634
27 years$10,981$8,170$5,985$4,327$3,095$528
28 years$10,475$7,698$5,564$3,965$2,793$439
29 years$10,005$7,262$5,178$3,636$2,522$366
30 years$9,567$6,859$4,823$3,337$2,278$304
31 years$9,158$6,484$4,496$3,065$2,060$253
32 years$8,776$6,135$4,195$2,816$1,863$211
33 years$8,417$5,810$3,917$2,590$1,686$176
34 years$8,080$5,506$3,660$2,383$1,527$146
35 years$7,763$5,223$3,422$2,194$1,383$122
36 years$7,465$4,957$3,201$2,020$1,253$102
37 years$7,183$4,708$2,996$1,861$1,136$85
38 years$6,917$4,474$2,806$1,716$1,030$71
39 years$6,664$4,255$2,629$1,582$934$59
40 years$6,426$4,048$2,464$1,459$847$49
41 years$6,199$3,853$2,310$1,346$768$41
42 years$5,984$3,670$2,167$1,242$697$34
43 years$5,779$3,497$2,033$1,147$633$28
44 years$5,584$3,333$1,909$1,059$574$24
45 years$5,399$3,178$1,792$978$521$20
46 years$5,222$3,032$1,683$903$473$16
47 years$5,053$2,893$1,581$835$430$14
48 years$4,891$2,762$1,486$771$390$11
49 years$4,737$2,638$1,397$713$355$9
50 years$4,589$2,520$1,313$659$322$8

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 $4,625 every year, while hoping to spend $24,860 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: 51/23/26 Blend
62$4,700,000$4,700,000$4,700,000$4,700,000
63$5,184,171$4,935,071$4,862,221$5,410,476
64$5,686,505$5,150,438$4,998,654$5,783,669
65$6,239,245$5,375,526$5,138,825$6,186,352
66$6,847,504$5,610,783$5,282,832$6,623,724
67$7,516,920$5,856,681$5,430,777$7,099,095
68$8,253,701$6,113,714$5,582,764$7,616,101
69$9,064,691$6,382,399$5,738,899$8,178,742
70$9,957,429$6,663,275$5,899,291$8,791,415
71$10,940,222$6,956,912$6,064,053$9,458,955
72$12,022,225$7,263,901$6,233,299$10,186,683
73$13,213,525$7,584,865$6,407,147$10,980,448
74$14,525,235$7,920,454$6,585,718$11,846,686
75$15,969,604$8,271,351$6,769,135$12,792,479
76$17,560,127$8,638,271$6,957,524$13,825,618
77$19,311,674$9,021,960$7,151,015$14,954,675
78$21,240,632$9,423,203$7,349,741$16,189,085
79$23,365,058$9,842,821$7,553,838$17,539,232
80$25,704,848$10,281,674$7,763,446$19,016,542
81$28,281,928$10,740,662$7,978,707$20,633,594
82$31,120,459$11,220,728$8,199,768$22,404,233
83$34,247,064$11,722,862$8,426,778$24,343,702
84$37,691,080$12,248,098$8,659,891$26,468,780
85$41,484,837$12,797,521$8,899,264$28,797,940
86$45,663,959$13,372,268$9,145,058$31,351,522
87$50,267,703$13,973,530$9,397,438$34,151,920
88$55,339,328$14,602,552$9,656,572$37,223,793
89$60,926,505$15,260,643$9,922,633$40,594,296
90$67,081,765$15,949,171$10,195,798$44,293,329
91$73,862,996$16,669,571$10,476,247$48,353,821
92$81,333,987$17,423,346$10,764,167$52,812,036
93$89,565,034$18,212,070$11,059,747$57,707,912
94$98,633,599$19,037,393$11,363,180$63,085,436
95$108,625,045$19,901,044$11,674,666$68,993,053
96$119,633,440$20,804,835$11,994,407$75,484,124
97$131,762,443$21,750,665$12,322,612$82,617,420
98$145,126,286$22,740,521$12,659,493$90,457,679
99$159,850,849$23,776,488$13,005,267$99,076,211
100$176,074,850$24,860,751$13,360,159$108,551,565