Can I retire at age 63 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$355,090$351,927$348,841$345,829$342,888$332,045
2 years$175,787$172,513$169,340$166,264$163,280$152,454
3 years$116,027$112,739$109,574$106,527$103,592$93,122
4 years$86,153$82,875$79,742$76,747$73,882$63,850
5 years$68,234$64,975$61,883$58,949$56,164$46,596
6 years$56,291$53,057$50,011$47,142$44,441$35,345
7 years$47,764$44,557$41,559$38,758$36,142$27,517
8 years$41,371$38,194$35,245$32,513$29,984$21,824
9 years$36,402$33,255$30,357$27,694$25,250$17,547
10 years$32,429$29,312$26,466$23,872$21,515$14,256
11 years$29,181$26,095$23,300$20,776$18,503$11,677
12 years$26,475$23,422$20,678$18,223$16,035$9,625
13 years$24,188$21,166$18,475$16,089$13,982$7,974
14 years$22,229$19,239$16,600$14,282$12,257$6,634
15 years$20,533$17,576$14,987$12,737$10,792$5,538
16 years$19,051$16,125$13,588$11,404$9,538$4,635
17 years$17,744$14,851$12,365$10,247$8,457$3,889
18 years$16,583$13,723$11,287$9,234$7,520$3,269
19 years$15,546$12,718$10,333$8,344$6,702$2,752
20 years$14,614$11,818$9,483$7,557$5,987$2,320
21 years$13,772$11,008$8,723$6,859$5,357$1,958
22 years$13,007$10,276$8,039$6,236$4,802$1,653
23 years$12,310$9,611$7,423$5,679$4,311$1,398
24 years$11,672$9,005$6,865$5,180$3,875$1,182
25 years$11,086$8,450$6,358$4,731$3,487$1,001
26 years$10,546$7,942$5,897$4,325$3,141$847
27 years$10,047$7,474$5,476$3,959$2,831$718
28 years$9,584$7,043$5,090$3,627$2,555$608
29 years$9,154$6,644$4,737$3,326$2,307$515
30 years$8,753$6,275$4,412$3,053$2,085$437
31 years$8,379$5,932$4,114$2,804$1,885$371
32 years$8,029$5,613$3,838$2,577$1,705$314
33 years$7,701$5,315$3,584$2,369$1,543$267
34 years$7,393$5,038$3,348$2,180$1,397$226
35 years$7,103$4,778$3,130$2,007$1,265$192
36 years$6,829$4,535$2,928$1,848$1,146$163
37 years$6,572$4,307$2,741$1,703$1,039$138
38 years$6,328$4,094$2,567$1,570$942$117
39 years$6,097$3,893$2,405$1,447$854$99
40 years$5,879$3,704$2,254$1,335$775$84
41 years$5,671$3,525$2,114$1,232$703$72
42 years$5,475$3,357$1,983$1,137$638$61
43 years$5,287$3,199$1,860$1,049$579$52
44 years$5,109$3,049$1,746$969$525$44
45 years$4,939$2,908$1,640$895$477$37
46 years$4,777$2,774$1,540$826$433$32
47 years$4,623$2,647$1,447$764$393$27
48 years$4,475$2,527$1,360$706$357$23
49 years$4,334$2,413$1,278$652$324$19
50 years$4,198$2,305$1,202$603$295$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,300,000, adding $3,727 every year, while hoping to spend $52,846 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: 52/25/23 Blend
62$4,300,000$4,300,000$4,300,000$4,300,000
63$4,742,444$4,514,544$4,447,894$4,958,556
64$5,169,946$4,679,529$4,540,671$5,273,237
65$5,639,282$4,850,827$4,634,785$5,609,609
66$6,154,662$5,028,692$4,730,224$5,974,407
67$6,720,728$5,213,388$4,826,976$6,370,358
68$7,342,588$5,405,189$4,925,026$6,800,457
69$8,025,872$5,604,384$5,024,355$7,268,003
70$8,776,783$5,811,271$5,124,943$7,776,622
71$9,602,154$6,026,163$5,226,767$8,330,308
72$10,509,512$6,249,383$5,329,802$8,933,452
73$11,507,151$6,481,271$5,434,019$9,590,890
74$12,604,207$6,722,180$5,539,386$10,307,943
75$13,810,748$6,972,479$5,645,867$11,090,467
76$15,137,865$7,232,551$5,753,424$11,944,911
77$16,597,778$7,502,796$5,862,014$12,878,371
78$18,203,951$7,783,633$5,971,592$13,898,663
79$19,971,220$8,075,497$6,082,106$15,014,389
80$21,915,930$8,378,842$6,193,502$16,235,023
81$24,056,091$8,694,141$6,305,720$17,570,996
82$26,411,548$9,021,890$6,418,697$19,033,793
83$29,004,166$9,362,603$6,532,364$20,636,064
84$31,858,038$9,716,817$6,646,645$22,391,738
85$34,999,711$10,085,095$6,761,462$24,316,156
86$38,458,439$10,468,022$6,876,728$26,426,215
87$42,266,452$10,866,207$6,992,351$28,740,523
88$46,459,268$11,280,290$7,108,232$31,279,577
89$51,076,023$11,710,933$7,224,268$34,065,953
90$56,159,841$12,158,833$7,340,345$37,124,519
91$61,758,242$12,624,713$7,456,343$40,482,666
92$67,923,588$13,109,328$7,572,135$44,170,569
93$74,713,578$13,613,469$7,687,586$48,221,468
94$82,191,793$14,137,960$7,802,550$52,671,977
95$90,428,295$14,683,659$7,916,875$57,562,435
96$99,500,288$15,251,465$8,030,397$62,937,280
97$109,492,845$15,842,315$8,142,944$68,845,467
98$120,499,715$16,457,188$8,254,332$75,340,932
99$132,624,202$17,097,106$8,364,368$82,483,093
100$145,980,142$17,763,136$8,472,845$90,337,416