Can I retire at age 63 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$388,122$384,664$381,291$377,999$374,785$370,255
2 years$192,139$188,561$185,093$181,730$178,469$173,910
3 years$126,821$123,227$119,767$116,436$113,228$108,782
4 years$94,168$90,585$87,160$83,886$80,755$76,456
5 years$74,581$71,019$67,640$64,432$61,389$57,249
6 years$61,527$57,993$54,663$51,527$48,575$44,600
7 years$52,207$48,702$45,425$42,363$39,504$35,695
8 years$45,220$41,747$38,524$35,538$32,773$29,129
9 years$39,788$36,348$33,181$30,270$27,599$24,120
10 years$35,446$32,039$28,928$26,093$23,516$20,199
11 years$31,895$28,522$25,468$22,709$20,225$17,066
12 years$28,938$25,600$22,602$19,919$17,526$14,523
13 years$26,438$23,135$20,193$17,585$15,283$12,432
14 years$24,297$21,029$18,144$15,610$13,397$10,693
15 years$22,443$19,211$16,381$13,922$11,796$9,235
16 years$20,823$17,625$14,852$12,465$10,425$8,003
17 years$19,394$16,232$13,515$11,200$9,244$6,956
18 years$18,126$14,999$12,337$10,093$8,219$6,060
19 years$16,993$13,901$11,294$9,120$7,326$5,291
20 years$15,974$12,918$10,365$8,260$6,544$4,628
21 years$15,053$12,032$9,534$7,497$5,856$4,054
22 years$14,217$11,232$8,787$6,816$5,249$3,556
23 years$13,455$10,505$8,113$6,208$4,712$3,123
24 years$12,758$9,842$7,503$5,662$4,235$2,746
25 years$12,117$9,237$6,950$5,171$3,811$2,416
26 years$11,527$8,681$6,445$4,728$3,433$2,128
27 years$10,981$8,170$5,985$4,327$3,095$1,875
28 years$10,475$7,698$5,564$3,965$2,793$1,654
29 years$10,005$7,262$5,178$3,636$2,522$1,459
30 years$9,567$6,859$4,823$3,337$2,278$1,288
31 years$9,158$6,484$4,496$3,065$2,060$1,137
32 years$8,776$6,135$4,195$2,816$1,863$1,004
33 years$8,417$5,810$3,917$2,590$1,686$888
34 years$8,080$5,506$3,660$2,383$1,527$784
35 years$7,763$5,223$3,422$2,194$1,383$694
36 years$7,465$4,957$3,201$2,020$1,253$613
37 years$7,183$4,708$2,996$1,861$1,136$542
38 years$6,917$4,474$2,806$1,716$1,030$480
39 years$6,664$4,255$2,629$1,582$934$424
40 years$6,426$4,048$2,464$1,459$847$376
41 years$6,199$3,853$2,310$1,346$768$332
42 years$5,984$3,670$2,167$1,242$697$294
43 years$5,779$3,497$2,033$1,147$633$260
44 years$5,584$3,333$1,909$1,059$574$230
45 years$5,399$3,178$1,792$978$521$204
46 years$5,222$3,032$1,683$903$473$181
47 years$5,053$2,893$1,581$835$430$160
48 years$4,891$2,762$1,486$771$390$142
49 years$4,737$2,638$1,397$713$355$125
50 years$4,589$2,520$1,313$659$322$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,700,000, adding $2,162 every year, while hoping to spend $56,191 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: 42/45/13 Blend
62$4,700,000$4,700,000$4,700,000$4,700,000
63$5,181,630$4,932,530$4,859,680$5,379,434
64$5,650,370$5,114,437$4,962,693$5,700,390
65$6,165,037$5,303,375$5,067,273$6,041,968
66$6,730,258$5,499,627$5,173,414$6,410,611
67$7,351,128$5,703,493$5,281,107$6,808,817
68$8,033,260$5,915,280$5,390,340$7,239,328
69$8,782,837$6,135,314$5,501,101$7,705,158
70$9,606,672$6,363,929$5,613,373$8,209,616
71$10,512,269$6,601,479$5,727,138$8,756,340
72$11,507,898$6,848,328$5,842,375$9,349,327
73$12,602,667$7,104,860$5,959,058$9,992,969
74$13,806,612$7,371,472$6,077,160$10,692,098
75$15,130,792$7,648,579$6,196,650$11,452,022
76$16,587,390$7,936,617$6,317,495$12,278,581
77$18,189,828$8,236,035$6,439,655$13,178,196
78$19,952,896$8,547,307$6,563,089$14,157,929
79$21,892,890$8,870,923$6,687,751$15,225,550
80$24,027,765$9,207,398$6,813,591$16,389,603
81$26,377,303$9,557,267$6,940,552$17,659,491
82$28,963,303$9,921,088$7,068,576$19,045,559
83$31,809,785$10,299,446$7,197,598$20,559,191
84$34,943,212$10,692,948$7,327,547$22,212,913
85$38,392,747$11,102,230$7,458,347$24,020,514
86$42,190,523$11,527,955$7,589,917$25,997,167
87$46,371,946$11,970,814$7,722,169$28,159,575
88$50,976,030$12,431,530$7,855,008$30,526,124
89$56,045,767$12,910,857$7,988,332$33,117,054
90$61,628,528$13,409,581$8,122,034$35,954,649
91$67,776,512$13,928,525$8,255,996$39,063,440
92$74,547,239$14,468,546$8,390,095$42,470,439
93$82,004,093$15,030,540$8,524,199$46,205,386
94$90,216,916$15,615,443$8,658,165$50,301,032
95$99,262,673$16,224,230$8,791,845$54,793,439
96$109,226,170$16,857,922$8,925,076$59,722,321
97$120,200,864$17,517,585$9,057,691$65,131,411
98$132,289,736$18,204,330$9,189,507$71,068,875
99$145,606,266$18,919,320$9,320,333$77,587,760
100$160,275,507$19,663,768$9,449,965$84,746,491