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

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$330,316$327,374$324,503$321,702$318,966$317,221
2 years$163,523$160,477$157,526$154,664$151,888$150,128
3 years$107,932$104,874$101,930$99,095$96,364$94,643
4 years$80,143$77,093$74,179$71,392$68,728$67,058
5 years$63,473$60,442$57,566$54,836$52,246$50,633
6 years$52,364$49,356$46,522$43,853$41,340$39,787
7 years$44,431$41,449$38,660$36,054$33,621$32,127
8 years$38,485$35,529$32,787$30,245$27,892$26,458
9 years$33,863$30,935$28,239$25,762$23,489$22,114
10 years$30,167$27,267$24,619$22,207$20,014$18,698
11 years$27,145$24,274$21,675$19,327$17,212$15,955
12 years$24,628$21,787$19,236$16,952$14,916$13,715
13 years$22,501$19,689$17,186$14,966$13,007$11,862
14 years$20,678$17,897$15,441$13,285$11,402$10,311
15 years$19,101$16,349$13,942$11,848$10,039$9,001
16 years$17,722$15,000$12,640$10,609$8,873$7,886
17 years$16,506$13,815$11,502$9,532$7,867$6,931
18 years$15,426$12,765$10,500$8,590$6,995$6,107
19 years$14,462$11,831$9,612$7,762$6,235$5,394
20 years$13,595$10,994$8,821$7,030$5,569$4,773
21 years$12,811$10,240$8,114$6,380$4,984$4,232
22 years$12,100$9,559$7,478$5,801$4,467$3,757
23 years$11,451$8,940$6,905$5,283$4,010$3,340
24 years$10,858$8,376$6,386$4,818$3,604$2,973
25 years$10,313$7,861$5,915$4,400$3,243$2,649
26 years$9,810$7,388$5,486$4,024$2,921$2,362
27 years$9,346$6,953$5,094$3,683$2,634$2,108
28 years$8,915$6,552$4,735$3,374$2,377$1,883
29 years$8,515$6,181$4,407$3,094$2,146$1,683
30 years$8,142$5,837$4,105$2,840$1,939$1,505
31 years$7,794$5,518$3,827$2,608$1,753$1,346
32 years$7,469$5,221$3,570$2,397$1,586$1,205
33 years$7,163$4,945$3,334$2,204$1,435$1,079
34 years$6,877$4,686$3,115$2,028$1,299$966
35 years$6,607$4,445$2,912$1,867$1,177$866
36 years$6,353$4,219$2,724$1,719$1,066$776
37 years$6,113$4,007$2,550$1,584$966$696
38 years$5,886$3,808$2,388$1,460$876$624
39 years$5,672$3,621$2,237$1,346$795$560
40 years$5,469$3,445$2,097$1,242$721$502
41 years$5,276$3,279$1,966$1,146$654$450
42 years$5,093$3,123$1,844$1,057$593$404
43 years$4,918$2,976$1,731$976$538$363
44 years$4,753$2,837$1,624$901$489$326
45 years$4,595$2,705$1,525$832$444$292
46 years$4,444$2,580$1,433$769$403$262
47 years$4,300$2,462$1,346$710$366$236
48 years$4,163$2,351$1,265$656$332$211
49 years$4,031$2,245$1,189$607$302$190
50 years$3,905$2,144$1,118$561$274$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,000,000, adding $3,609 every year, while hoping to spend $57,409 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: 57/20/23 Blend
62$4,000,000$4,000,000$4,000,000$4,000,000
63$4,411,723$4,199,723$4,137,723$4,635,557
64$4,800,636$4,344,426$4,215,254$4,933,539
65$5,227,294$4,494,296$4,293,458$5,251,718
66$5,695,486$4,649,525$4,372,297$5,597,266
67$6,209,387$4,810,313$4,451,730$5,972,838
68$6,773,594$4,976,868$4,531,713$6,381,354
69$7,393,172$5,149,406$4,612,196$6,826,030
70$8,073,700$5,328,151$4,693,129$7,310,406
71$8,821,324$5,513,337$4,774,456$7,838,377
72$9,642,815$5,705,207$4,856,116$8,414,235
73$10,545,632$5,904,012$4,938,046$9,042,702
74$11,537,993$6,110,016$5,020,178$9,728,978
75$12,628,951$6,323,489$5,102,436$10,478,791
76$13,828,481$6,544,717$5,184,744$11,298,447
77$15,147,571$6,773,993$5,267,018$12,194,890
78$16,598,328$7,011,623$5,349,168$13,175,769
79$18,194,092$7,257,928$5,431,100$14,249,508
80$19,949,561$7,513,237$5,512,713$15,425,383
81$21,880,927$7,777,897$5,593,900$16,713,614
82$24,006,032$8,052,264$5,674,546$18,125,457
83$26,344,535$8,336,714$5,754,532$19,673,309
84$28,918,098$8,631,632$5,833,728$21,370,829
85$31,750,586$8,937,424$5,912,000$23,233,059
86$34,868,297$9,254,509$5,989,204$25,276,573
87$38,300,208$9,583,325$6,065,187$27,519,629
88$42,078,247$9,924,326$6,139,788$29,982,339
89$46,237,596$10,277,986$6,212,839$32,686,861
90$50,817,021$10,644,797$6,284,159$35,657,607
91$55,859,237$11,025,272$6,353,559$38,921,471
92$61,411,314$11,419,945$6,420,838$42,508,084
93$67,525,118$11,829,372$6,485,786$46,450,092
94$74,257,800$12,254,132$6,548,179$50,783,462
95$81,672,337$12,694,825$6,607,785$55,547,824
96$89,838,124$13,152,081$6,664,354$60,786,842
97$98,831,630$13,626,550$6,717,628$66,548,623
98$108,737,120$14,118,915$6,767,332$72,886,175
99$119,647,447$14,629,882$6,813,178$79,857,904
100$131,664,930$15,160,190$6,854,863$87,528,164