Can I retire at age 63 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$346,832$343,743$340,729$337,787$334,914$330,729
2 years$171,699$168,501$165,402$162,397$159,483$155,272
3 years$113,329$110,117$107,026$104,050$101,182$97,076
4 years$84,150$80,948$77,888$74,962$72,164$68,194
5 years$66,647$63,464$60,444$57,578$54,858$51,036
6 years$54,982$51,823$48,848$46,046$43,407$39,738
7 years$46,653$43,521$40,593$37,857$35,302$31,787
8 years$40,409$37,306$34,426$31,757$29,286$25,925
9 years$35,556$32,481$29,651$27,050$24,663$21,454
10 years$31,675$28,631$25,850$23,317$21,014$17,955
11 years$28,502$25,488$22,758$20,293$18,073$15,161
12 years$25,860$22,877$20,197$17,800$15,662$12,894
13 years$23,626$20,674$18,045$15,714$13,657$11,030
14 years$21,712$18,792$16,214$13,950$11,972$9,481
15 years$20,056$17,167$14,639$12,441$10,541$8,183
16 years$18,608$15,750$13,272$11,139$9,316$7,086
17 years$17,331$14,505$12,077$10,008$8,260$6,154
18 years$16,198$13,404$11,025$9,020$7,345$5,358
19 years$15,185$12,422$10,093$8,150$6,547$4,675
20 years$14,274$11,543$9,263$7,381$5,847$4,086
21 years$13,452$10,752$8,520$6,699$5,233$3,577
22 years$12,705$10,037$7,852$6,091$4,690$3,135
23 years$12,024$9,387$7,250$5,547$4,210$2,751
24 years$11,401$8,795$6,705$5,059$3,784$2,417
25 years$10,828$8,254$6,210$4,621$3,405$2,125
26 years$10,301$7,757$5,760$4,225$3,067$1,870
27 years$9,813$7,301$5,348$3,867$2,766$1,647
28 years$9,361$6,879$4,972$3,543$2,495$1,451
29 years$8,941$6,490$4,627$3,249$2,253$1,279
30 years$8,549$6,129$4,310$2,982$2,036$1,128
31 years$8,184$5,794$4,018$2,739$1,841$995
32 years$7,842$5,482$3,749$2,517$1,665$878
33 years$7,522$5,192$3,500$2,314$1,507$776
34 years$7,221$4,921$3,270$2,129$1,364$685
35 years$6,937$4,667$3,058$1,960$1,236$605
36 years$6,671$4,430$2,860$1,805$1,120$535
37 years$6,419$4,207$2,677$1,663$1,015$472
38 years$6,181$3,998$2,507$1,533$920$417
39 years$5,956$3,802$2,349$1,414$834$369
40 years$5,742$3,617$2,202$1,304$757$326
41 years$5,540$3,443$2,064$1,203$687$288
42 years$5,347$3,279$1,937$1,110$623$255
43 years$5,164$3,125$1,817$1,025$565$226
44 years$4,990$2,978$1,706$946$513$200
45 years$4,824$2,840$1,602$874$466$176
46 years$4,666$2,709$1,504$807$423$156
47 years$4,515$2,586$1,413$746$384$138
48 years$4,371$2,468$1,328$689$349$122
49 years$4,233$2,357$1,248$637$317$108
50 years$4,101$2,252$1,174$589$288$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,200,000, adding $5,227 every year, while hoping to spend $56,801 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: 44/33/23 Blend
62$4,200,000$4,200,000$4,200,000$4,200,000
63$4,633,792$4,411,192$4,346,092$4,806,572
64$5,046,003$4,566,904$4,431,250$5,085,116
65$5,498,355$4,728,343$4,517,357$5,380,938
66$5,994,884$4,895,729$4,604,385$5,700,460
67$6,540,034$5,069,290$4,692,304$6,045,912
68$7,138,699$5,249,268$4,781,078$6,419,741
69$7,796,273$5,435,908$4,870,670$6,824,640
70$8,518,696$5,629,471$4,961,041$7,263,569
71$9,312,514$5,830,226$5,052,147$7,739,784
72$10,184,936$6,038,452$5,143,939$8,256,868
73$11,143,904$6,254,442$5,236,366$8,818,760
74$12,198,171$6,478,498$5,329,373$9,429,796
75$13,357,377$6,710,937$5,422,900$10,094,745
76$14,632,145$6,952,088$5,516,882$10,818,858
77$16,034,177$7,202,294$5,611,251$11,607,911
78$17,576,367$7,461,910$5,705,931$12,468,261
79$19,272,921$7,731,308$5,800,845$13,406,908
80$21,139,493$8,010,876$5,895,907$14,431,554
81$23,193,328$8,301,016$5,991,027$15,550,680
82$25,453,428$8,602,147$6,086,107$16,773,624
83$27,940,732$8,914,706$6,181,046$18,110,662
84$30,678,310$9,239,150$6,275,734$19,573,115
85$33,691,580$9,575,951$6,370,054$21,173,444
86$37,008,552$9,925,604$6,463,882$22,925,371
87$40,660,090$10,288,623$6,557,087$24,844,009
88$44,680,199$10,665,545$6,649,529$26,946,000
89$49,106,351$11,056,929$6,741,061$29,249,671
90$53,979,838$11,463,358$6,831,525$31,775,209
91$59,346,156$11,885,437$6,920,756$34,544,844
92$65,255,441$12,323,800$7,008,578$37,583,064
93$71,762,935$12,779,106$7,094,805$40,916,840
94$78,929,515$13,252,043$7,179,241$44,575,880
95$86,822,259$13,743,326$7,261,679$48,592,909
96$95,515,083$14,253,703$7,341,899$53,003,974
97$105,089,440$14,783,953$7,419,671$57,848,785
98$115,635,083$15,334,887$7,494,750$63,171,084
99$127,250,918$15,907,352$7,566,880$69,019,062
100$140,045,930$16,502,231$7,635,790$75,445,804