Can I retire at age 63 with 4,100,000?

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 $4,100,000?

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$338,574$335,558$332,616$329,744$326,940$325,152
2 years$167,611$164,489$161,464$158,531$155,686$153,882
3 years$110,631$107,496$104,478$101,572$98,773$97,009
4 years$82,146$79,021$76,033$73,177$70,446$68,735
5 years$65,060$61,953$59,005$56,207$53,552$51,899
6 years$53,673$50,589$47,685$44,949$42,374$40,782
7 years$45,542$42,485$39,626$36,955$34,461$32,930
8 years$39,447$36,417$33,606$31,001$28,589$27,119
9 years$34,709$31,708$28,945$26,406$24,076$22,667
10 years$30,921$27,949$25,235$22,762$20,514$19,165
11 years$27,823$24,881$22,216$19,810$17,643$16,354
12 years$25,244$22,332$19,716$17,376$15,289$14,058
13 years$23,063$20,182$17,615$15,340$13,332$12,158
14 years$21,195$18,345$15,827$13,617$11,687$10,569
15 years$19,578$16,758$14,290$12,144$10,290$9,226
16 years$18,165$15,375$12,956$10,874$9,094$8,084
17 years$16,918$14,160$11,790$9,770$8,064$7,104
18 years$15,812$13,085$10,762$8,805$7,170$6,260
19 years$14,823$12,127$9,852$7,956$6,391$5,529
20 years$13,935$11,269$9,042$7,206$5,708$4,893
21 years$13,132$10,496$8,317$6,540$5,108$4,337
22 years$12,402$9,798$7,665$5,946$4,579$3,851
23 years$11,738$9,164$7,078$5,415$4,110$3,423
24 years$11,129$8,586$6,546$4,939$3,694$3,047
25 years$10,570$8,057$6,062$4,510$3,324$2,715
26 years$10,055$7,573$5,623$4,124$2,994$2,421
27 years$9,579$7,127$5,221$3,775$2,700$2,161
28 years$9,138$6,716$4,854$3,459$2,436$1,930
29 years$8,728$6,335$4,517$3,172$2,200$1,725
30 years$8,346$5,983$4,207$2,911$1,988$1,542
31 years$7,989$5,656$3,922$2,673$1,797$1,380
32 years$7,655$5,352$3,660$2,457$1,625$1,235
33 years$7,342$5,068$3,417$2,259$1,471$1,106
34 years$7,049$4,803$3,193$2,079$1,332$991
35 years$6,772$4,556$2,985$1,914$1,206$888
36 years$6,512$4,324$2,792$1,762$1,093$796
37 years$6,266$4,107$2,614$1,624$991$713
38 years$6,034$3,903$2,447$1,497$898$640
39 years$5,814$3,712$2,293$1,380$814$574
40 years$5,605$3,531$2,149$1,273$739$515
41 years$5,408$3,361$2,015$1,174$670$462
42 years$5,220$3,201$1,890$1,084$608$414
43 years$5,041$3,050$1,774$1,000$552$372
44 years$4,871$2,907$1,665$924$501$334
45 years$4,709$2,773$1,563$853$455$300
46 years$4,555$2,645$1,468$788$413$269
47 years$4,408$2,524$1,380$728$375$241
48 years$4,267$2,410$1,296$673$341$217
49 years$4,132$2,301$1,219$622$309$195
50 years$4,003$2,198$1,146$575$281$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,100,000, adding $6,831 every year, while hoping to spend $43,848 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: 50/31/19 Blend
62$4,100,000$4,100,000$4,100,000$4,100,000
63$4,525,246$4,307,946$4,244,396$4,727,251
64$4,940,167$4,472,382$4,339,930$5,032,001
65$5,395,941$4,643,405$4,437,194$5,357,953
66$5,896,687$4,821,292$4,536,200$5,711,263
67$6,446,946$5,006,332$4,636,960$6,094,528
68$7,051,719$5,198,827$4,739,482$6,510,604
69$7,716,515$5,399,090$4,843,775$6,962,630
70$8,447,403$5,607,449$4,949,846$7,454,059
71$9,251,073$5,824,248$5,057,700$7,988,689
72$10,134,890$6,049,845$5,167,341$8,570,697
73$11,106,974$6,284,612$5,278,771$9,204,676
74$12,176,267$6,528,940$5,391,992$9,895,683
75$13,352,624$6,783,236$5,507,002$10,649,280
76$14,646,903$7,047,925$5,623,797$11,471,586
77$16,071,065$7,323,452$5,742,373$12,369,337
78$17,638,293$7,610,280$5,862,722$13,349,946
79$19,363,110$7,908,895$5,984,834$14,421,569
80$21,261,518$8,219,801$6,108,696$15,593,187
81$23,351,149$8,543,528$6,234,294$16,874,685
82$25,651,433$8,880,628$6,361,610$18,276,944
83$28,183,778$9,231,677$6,490,622$19,811,944
84$30,971,772$9,597,278$6,621,307$21,492,873
85$34,041,410$9,978,062$6,753,638$23,334,253
86$37,421,332$10,374,685$6,887,582$25,352,075
87$41,143,098$10,787,835$7,023,107$27,563,943
88$45,241,485$11,218,230$7,160,172$29,989,247
89$49,754,815$11,666,621$7,298,736$32,649,337
90$54,725,312$12,133,792$7,438,750$35,567,727
91$60,199,509$12,620,563$7,580,164$38,770,310
92$66,228,679$13,127,791$7,722,919$42,285,606
93$72,869,322$13,656,370$7,866,955$46,145,027
94$80,183,699$14,207,238$8,012,203$50,383,169
95$88,240,415$14,781,371$8,158,591$55,038,138
96$97,115,073$15,379,794$8,306,039$60,151,908
97$106,890,981$16,003,574$8,454,462$65,770,713
98$117,659,942$16,653,831$8,603,767$71,945,482
99$129,523,118$17,331,731$8,753,856$78,732,317
100$142,591,988$18,038,497$8,904,622$86,193,018