Can I retire at age 63 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$404,637$401,033$397,517$394,084$390,733$385,212
2 years$200,316$196,585$192,969$189,464$186,063$180,512
3 years$132,217$128,470$124,864$121,391$118,046$112,637
4 years$98,175$94,439$90,869$87,456$84,192$78,966
5 years$77,754$74,042$70,518$67,174$64,001$58,974
6 years$64,145$60,461$56,989$53,720$50,642$45,819
7 years$54,429$50,775$47,358$44,166$41,185$36,569
8 years$47,144$43,523$40,163$37,050$34,167$29,757
9 years$41,482$37,895$34,593$31,558$28,774$24,567
10 years$36,954$33,402$30,159$27,203$24,517$20,511
11 years$33,252$29,736$26,551$23,675$21,085$17,276
12 years$30,170$26,690$23,564$20,766$18,272$14,655
13 years$27,563$24,120$21,053$18,334$15,934$12,504
14 years$25,331$21,924$18,916$16,274$13,967$10,719
15 years$23,398$20,028$17,078$14,514$12,298$9,226
16 years$21,709$18,375$15,484$12,996$10,869$7,968
17 years$20,220$16,923$14,090$11,676$9,637$6,900
18 years$18,897$15,638$12,862$10,523$8,569$5,990
19 years$17,716$14,493$11,775$9,508$7,638$5,211
20 years$16,654$13,467$10,806$8,612$6,822$4,541
21 years$15,694$12,544$9,940$7,816$6,105$3,963
22 years$14,822$11,710$9,161$7,106$5,472$3,464
23 years$14,028$10,952$8,459$6,472$4,912$3,030
24 years$13,301$10,261$7,823$5,903$4,415$2,654
25 years$12,633$9,630$7,245$5,391$3,973$2,326
26 years$12,017$9,050$6,720$4,929$3,579$2,040
27 years$11,448$8,517$6,240$4,512$3,227$1,791
28 years$10,921$8,026$5,801$4,134$2,911$1,573
29 years$10,431$7,571$5,398$3,791$2,629$1,382
30 years$9,974$7,150$5,028$3,479$2,375$1,215
31 years$9,548$6,760$4,688$3,195$2,148$1,068
32 years$9,149$6,396$4,374$2,936$1,943$940
33 years$8,775$6,057$4,084$2,700$1,758$827
34 years$8,424$5,741$3,816$2,484$1,592$728
35 years$8,094$5,445$3,567$2,287$1,442$641
36 years$7,782$5,168$3,337$2,106$1,306$564
37 years$7,489$4,908$3,123$1,941$1,184$497
38 years$7,211$4,665$2,925$1,789$1,073$438
39 years$6,948$4,436$2,740$1,649$973$386
40 years$6,699$4,220$2,569$1,521$883$340
41 years$6,463$4,017$2,408$1,404$801$299
42 years$6,238$3,826$2,259$1,295$727$264
43 years$6,025$3,645$2,120$1,196$660$232
44 years$5,822$3,475$1,990$1,104$599$205
45 years$5,628$3,314$1,869$1,020$544$181
46 years$5,444$3,161$1,755$942$493$159
47 years$5,268$3,017$1,649$870$448$140
48 years$5,099$2,880$1,549$804$407$124
49 years$4,938$2,750$1,456$743$370$109
50 years$4,784$2,627$1,369$687$336$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,900,000, adding $3,722 every year, while hoping to spend $39,511 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: 57/37/6 Blend
62$4,900,000$4,900,000$4,900,000$4,900,000
63$5,403,639$5,143,939$5,067,989$5,704,725
64$5,912,771$5,353,953$5,195,727$6,117,556
65$6,472,510$5,572,933$5,326,421$6,562,351
66$7,087,976$5,801,277$5,460,126$7,045,975
67$7,764,812$6,039,401$5,596,902$7,572,137
68$8,509,230$6,287,740$5,736,806$8,144,913
69$9,328,081$6,546,748$5,879,898$8,768,785
70$10,228,908$6,816,901$6,026,237$9,448,681
71$11,220,024$7,098,697$6,175,884$10,190,018
72$12,310,588$7,392,655$6,328,898$10,998,757
73$13,510,693$7,699,320$6,485,341$11,881,450
74$14,831,458$8,019,261$6,645,274$12,845,309
75$16,285,136$8,353,074$6,808,759$13,898,263
76$17,885,225$8,701,380$6,975,859$15,049,040
77$19,646,603$9,064,832$7,146,635$16,307,238
78$21,585,659$9,444,112$7,321,150$17,683,424
79$23,720,455$9,839,932$7,499,467$19,189,222
80$26,070,891$10,253,039$7,681,649$20,837,426
81$28,658,897$10,684,212$7,867,759$22,642,118
82$31,508,636$11,134,270$8,057,860$24,618,798
83$34,646,734$11,604,066$8,252,016$26,784,525
84$38,102,530$12,094,495$8,450,288$29,158,082
85$41,908,356$12,606,493$8,652,740$31,760,141
86$46,099,836$13,141,039$8,859,434$34,613,467
87$50,716,227$13,699,157$9,070,433$37,743,118
88$55,800,787$14,281,921$9,285,798$41,176,688
89$61,401,185$14,890,453$9,505,590$44,944,559
90$67,569,948$15,525,927$9,729,869$49,080,185
91$74,364,959$16,189,574$9,958,696$53,620,406
92$81,850,001$16,882,680$10,192,129$58,605,791
93$90,095,362$17,606,592$10,430,226$64,081,015
94$99,178,495$18,362,721$10,673,045$70,095,283
95$109,184,750$19,152,542$10,920,640$76,702,781
96$120,208,179$19,977,601$11,173,066$83,963,192
97$132,352,425$20,839,516$11,430,375$91,942,249
98$145,731,700$21,739,979$11,692,620$100,712,354
99$160,471,859$22,680,764$11,959,848$110,353,252
100$176,711,593$23,663,726$12,232,108$120,952,786