Can I retire at age 63 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$396,380$392,849$389,404$386,042$382,759$379,710
2 years$196,227$192,573$189,031$185,597$182,266$179,193
3 years$129,519$125,849$122,316$118,914$115,637$112,635
4 years$96,171$92,512$89,014$85,671$82,473$79,565
5 years$76,168$72,531$69,079$65,803$62,695$59,889
6 years$62,836$59,227$55,826$52,623$49,608$46,908
7 years$53,318$49,738$46,392$43,265$40,345$37,752
8 years$46,182$42,635$39,344$36,294$33,470$30,984
9 years$40,635$37,121$33,887$30,914$28,187$25,807
10 years$36,200$32,721$29,543$26,648$24,016$21,742
11 years$32,574$29,129$26,009$23,192$20,655$18,484
12 years$29,554$26,145$23,083$20,342$17,899$15,830
13 years$27,001$23,627$20,623$17,959$15,608$13,638
14 years$24,814$21,477$18,530$15,942$13,682$11,809
15 years$22,921$19,619$16,730$14,218$12,047$10,268
16 years$21,266$18,000$15,168$12,730$10,647$8,959
17 years$19,807$16,578$13,802$11,438$9,440$7,841
18 years$18,512$15,318$12,600$10,308$8,394$6,880
19 years$17,354$14,197$11,534$9,314$7,482$6,051
20 years$16,314$13,193$10,586$8,436$6,683$5,331
21 years$15,373$12,288$9,737$7,656$5,980$4,705
22 years$14,520$11,471$8,974$6,961$5,361$4,159
23 years$13,742$10,728$8,286$6,340$4,812$3,681
24 years$13,029$10,052$7,663$5,782$4,325$3,261
25 years$12,375$9,433$7,098$5,281$3,892$2,892
26 years$11,772$8,866$6,583$4,828$3,506$2,567
27 years$11,215$8,344$6,113$4,419$3,161$2,280
28 years$10,698$7,862$5,682$4,049$2,852$2,027
29 years$10,218$7,417$5,288$3,713$2,575$1,803
30 years$9,771$7,005$4,926$3,408$2,327$1,604
31 years$9,353$6,622$4,592$3,130$2,104$1,428
32 years$8,962$6,265$4,284$2,876$1,903$1,272
33 years$8,596$5,933$4,000$2,645$1,722$1,133
34 years$8,252$5,624$3,738$2,434$1,559$1,010
35 years$7,928$5,334$3,494$2,240$1,412$901
36 years$7,624$5,063$3,269$2,063$1,280$803
37 years$7,336$4,808$3,060$1,901$1,160$716
38 years$7,064$4,570$2,865$1,752$1,051$639
39 years$6,806$4,345$2,684$1,616$953$570
40 years$6,562$4,134$2,516$1,490$865$509
41 years$6,331$3,935$2,359$1,375$785$454
42 years$6,111$3,748$2,213$1,269$712$406
43 years$5,902$3,571$2,077$1,171$646$362
44 years$5,703$3,404$1,949$1,082$586$323
45 years$5,513$3,246$1,830$999$532$289
46 years$5,333$3,096$1,719$923$483$258
47 years$5,160$2,955$1,615$852$439$230
48 years$4,995$2,821$1,518$788$399$206
49 years$4,837$2,694$1,427$728$362$184
50 years$4,686$2,573$1,341$673$329$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,800,000, adding $5,726 every year, while hoping to spend $22,325 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: 64/13/23 Blend
62$4,800,000$4,800,000$4,800,000$4,800,000
63$5,295,506$5,041,106$4,966,706$5,602,413
64$5,811,894$5,264,367$5,109,337$6,033,315
65$6,380,206$5,497,819$5,255,998$6,500,891
66$7,005,713$5,741,939$5,406,801$7,011,247
67$7,694,226$5,997,224$5,561,859$7,568,575
68$8,452,146$6,264,197$5,721,290$8,177,491
69$9,286,527$6,543,404$5,885,215$8,843,072
70$10,205,141$6,835,419$6,053,758$9,570,907
71$11,216,552$7,140,842$6,227,046$10,367,148
72$12,330,198$7,460,300$6,405,209$11,238,569
73$13,556,476$7,794,453$6,588,382$12,192,624
74$14,906,846$8,143,991$6,776,702$13,237,523
75$16,393,933$8,509,635$6,970,310$14,382,301
76$18,031,651$8,892,144$7,169,352$15,636,910
77$19,835,330$9,292,309$7,373,976$17,012,306
78$21,821,864$9,710,963$7,584,335$18,520,553
79$24,009,870$10,148,977$7,800,586$20,174,937
80$26,419,862$10,607,261$8,022,890$21,990,089
81$29,074,443$11,086,772$8,251,413$23,982,122
82$31,998,524$11,588,512$8,486,323$26,168,780
83$35,219,554$12,113,529$8,727,795$28,569,607
84$38,767,779$12,662,923$8,976,007$31,206,129
85$42,676,533$13,237,846$9,231,143$34,102,055
86$46,982,544$13,839,506$9,493,392$37,283,498
87$51,726,288$14,469,166$9,762,945$40,779,224
88$56,952,367$15,128,153$10,040,001$44,620,918
89$62,709,931$15,817,855$10,324,763$48,843,482
90$69,053,141$16,539,727$10,617,441$53,485,363
91$76,041,684$17,295,296$10,918,247$58,588,915
92$83,741,329$18,086,158$11,227,401$64,200,795
93$92,224,554$18,913,990$11,545,129$70,372,403
94$101,571,230$19,780,547$11,871,662$77,160,363
95$111,869,369$20,687,667$12,207,236$84,627,057
96$123,215,961$21,637,279$12,552,095$92,841,210
97$135,717,887$22,631,404$12,906,489$101,878,538
98$149,492,927$23,672,159$13,270,672$111,822,460
99$164,670,874$24,761,762$13,644,907$122,764,879
100$181,394,755$25,902,541$14,029,464$134,807,054