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

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$404,637$401,033$397,517$394,084$390,733$381,442
2 years$200,316$196,585$192,969$189,464$186,063$176,757
3 years$132,217$128,470$124,864$121,391$118,046$109,016
4 years$98,175$94,439$90,869$87,456$84,192$75,506
5 years$77,754$74,042$70,518$67,174$64,001$55,685
6 years$64,145$60,461$56,989$53,720$50,642$42,704
7 years$54,429$50,775$47,358$44,166$41,185$33,626
8 years$47,144$43,523$40,163$37,050$34,167$26,984
9 years$41,482$37,895$34,593$31,558$28,774$21,961
10 years$36,954$33,402$30,159$27,203$24,517$18,066
11 years$33,252$29,736$26,551$23,675$21,085$14,988
12 years$30,170$26,690$23,564$20,766$18,272$12,518
13 years$27,563$24,120$21,053$18,334$15,934$10,512
14 years$25,331$21,924$18,916$16,274$13,967$8,867
15 years$23,398$20,028$17,078$14,514$12,298$7,506
16 years$21,709$18,375$15,484$12,996$10,869$6,374
17 years$20,220$16,923$14,090$11,676$9,637$5,426
18 years$18,897$15,638$12,862$10,523$8,569$4,629
19 years$17,716$14,493$11,775$9,508$7,638$3,956
20 years$16,654$13,467$10,806$8,612$6,822$3,386
21 years$15,694$12,544$9,940$7,816$6,105$2,902
22 years$14,822$11,710$9,161$7,106$5,472$2,489
23 years$14,028$10,952$8,459$6,472$4,912$2,138
24 years$13,301$10,261$7,823$5,903$4,415$1,837
25 years$12,633$9,630$7,245$5,391$3,973$1,580
26 years$12,017$9,050$6,720$4,929$3,579$1,359
27 years$11,448$8,517$6,240$4,512$3,227$1,170
28 years$10,921$8,026$5,801$4,134$2,911$1,008
29 years$10,431$7,571$5,398$3,791$2,629$868
30 years$9,974$7,150$5,028$3,479$2,375$748
31 years$9,548$6,760$4,688$3,195$2,148$645
32 years$9,149$6,396$4,374$2,936$1,943$556
33 years$8,775$6,057$4,084$2,700$1,758$480
34 years$8,424$5,741$3,816$2,484$1,592$414
35 years$8,094$5,445$3,567$2,287$1,442$357
36 years$7,782$5,168$3,337$2,106$1,306$308
37 years$7,489$4,908$3,123$1,941$1,184$266
38 years$7,211$4,665$2,925$1,789$1,073$230
39 years$6,948$4,436$2,740$1,649$973$198
40 years$6,699$4,220$2,569$1,521$883$171
41 years$6,463$4,017$2,408$1,404$801$148
42 years$6,238$3,826$2,259$1,295$727$127
43 years$6,025$3,645$2,120$1,196$660$110
44 years$5,822$3,475$1,990$1,104$599$95
45 years$5,628$3,314$1,869$1,020$544$82
46 years$5,444$3,161$1,755$942$493$71
47 years$5,268$3,017$1,649$870$448$61
48 years$5,099$2,880$1,549$804$407$53
49 years$4,938$2,750$1,456$743$370$46
50 years$4,784$2,627$1,369$687$336$39

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 $2,141 every year, while hoping to spend $32,461 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: 39/39/22 Blend
62$4,900,000$4,900,000$4,900,000$4,900,000
63$5,402,008$5,142,308$5,066,358$5,577,237
64$5,918,475$5,359,743$5,201,543$5,921,330
65$6,486,533$5,586,745$5,340,169$6,289,930
66$7,111,411$5,823,747$5,482,316$6,687,844
67$7,798,869$6,071,204$5,628,067$7,117,754
68$8,555,254$6,329,593$5,777,508$7,582,600
69$9,387,558$6,599,411$5,930,723$8,085,611
70$10,303,487$6,881,180$6,087,800$8,630,332
71$11,311,530$7,175,446$6,248,828$9,220,655
72$12,421,041$7,482,778$6,413,900$9,860,856
73$13,642,329$7,803,776$6,583,107$10,555,629
74$14,986,750$8,139,064$6,756,544$11,310,134
75$16,466,818$8,489,297$6,934,307$12,130,038
76$18,096,322$8,855,162$7,116,496$13,021,571
77$19,890,458$9,237,376$7,303,209$13,991,579
78$21,865,967$9,636,690$7,494,549$15,047,590
79$24,041,299$10,053,891$7,690,620$16,197,877
80$26,436,782$10,489,802$7,891,526$17,451,538
81$29,074,817$10,945,286$8,097,376$18,818,578
82$31,980,089$11,421,245$8,308,278$20,310,001
83$35,179,797$11,918,625$8,524,345$21,937,908
84$38,703,914$12,438,416$8,745,688$23,715,611
85$42,585,468$12,981,653$8,972,423$25,657,756
86$46,860,854$13,549,422$9,204,668$27,780,455
87$51,570,177$14,142,859$9,442,540$30,101,436
88$56,757,630$14,763,155$9,686,160$32,640,208
89$62,471,914$15,411,554$9,935,652$35,418,238
90$68,766,692$16,089,363$10,191,139$38,459,153
91$75,701,100$16,797,948$10,452,748$41,788,956
92$83,340,305$17,538,740$10,720,608$45,436,269
93$91,756,116$18,313,239$10,994,848$49,432,597
94$101,027,666$19,123,013$11,275,601$53,812,622
95$111,242,155$19,969,708$11,563,001$58,614,525
96$122,495,676$20,855,045$11,857,183$63,880,341
97$134,894,121$21,780,828$12,158,285$69,656,348
98$148,554,180$22,748,948$12,466,446$75,993,503
99$163,604,443$23,761,382$12,781,808$82,947,912
100$180,186,610$24,820,204$13,104,513$90,581,358