Can I retire at age 63 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$396,380$392,849$389,404$386,042$382,759$372,900
2 years$196,227$192,573$189,031$185,597$182,266$172,400
3 years$129,519$125,849$122,316$118,914$115,637$106,071
4 years$96,171$92,512$89,014$85,671$82,473$73,281
5 years$76,168$72,531$69,079$65,803$62,695$53,903
6 years$62,836$59,227$55,826$52,623$49,608$41,224
7 years$53,318$49,738$46,392$43,265$40,345$32,369
8 years$46,182$42,635$39,344$36,294$33,470$25,900
9 years$40,635$37,121$33,887$30,914$28,187$21,015
10 years$36,200$32,721$29,543$26,648$24,016$17,234
11 years$32,574$29,129$26,009$23,192$20,655$14,252
12 years$29,554$26,145$23,083$20,342$17,899$11,865
13 years$27,001$23,627$20,623$17,959$15,608$9,930
14 years$24,814$21,477$18,530$15,942$13,682$8,347
15 years$22,921$19,619$16,730$14,218$12,047$7,042
16 years$21,266$18,000$15,168$12,730$10,647$5,958
17 years$19,807$16,578$13,802$11,438$9,440$5,054
18 years$18,512$15,318$12,600$10,308$8,394$4,295
19 years$17,354$14,197$11,534$9,314$7,482$3,657
20 years$16,314$13,193$10,586$8,436$6,683$3,118
21 years$15,373$12,288$9,737$7,656$5,980$2,662
22 years$14,520$11,471$8,974$6,961$5,361$2,275
23 years$13,742$10,728$8,286$6,340$4,812$1,946
24 years$13,029$10,052$7,663$5,782$4,325$1,666
25 years$12,375$9,433$7,098$5,281$3,892$1,427
26 years$11,772$8,866$6,583$4,828$3,506$1,223
27 years$11,215$8,344$6,113$4,419$3,161$1,048
28 years$10,698$7,862$5,682$4,049$2,852$899
29 years$10,218$7,417$5,288$3,713$2,575$772
30 years$9,771$7,005$4,926$3,408$2,327$662
31 years$9,353$6,622$4,592$3,130$2,104$569
32 years$8,962$6,265$4,284$2,876$1,903$488
33 years$8,596$5,933$4,000$2,645$1,722$419
34 years$8,252$5,624$3,738$2,434$1,559$360
35 years$7,928$5,334$3,494$2,240$1,412$310
36 years$7,624$5,063$3,269$2,063$1,280$266
37 years$7,336$4,808$3,060$1,901$1,160$229
38 years$7,064$4,570$2,865$1,752$1,051$196
39 years$6,806$4,345$2,684$1,616$953$169
40 years$6,562$4,134$2,516$1,490$865$145
41 years$6,331$3,935$2,359$1,375$785$125
42 years$6,111$3,748$2,213$1,269$712$107
43 years$5,902$3,571$2,077$1,171$646$92
44 years$5,703$3,404$1,949$1,082$586$79
45 years$5,513$3,246$1,830$999$532$68
46 years$5,333$3,096$1,719$923$483$59
47 years$5,160$2,955$1,615$852$439$50
48 years$4,995$2,821$1,518$788$399$43
49 years$4,837$2,694$1,427$728$362$37
50 years$4,686$2,573$1,341$673$329$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,800,000, adding $5,566 every year, while hoping to spend $32,604 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: 53/40/7 Blend
62$4,800,000$4,800,000$4,800,000$4,800,000
63$5,295,341$5,040,941$4,966,541$5,566,844
64$5,800,776$5,253,257$5,098,230$5,963,736
65$6,356,672$5,474,883$5,233,238$6,391,257
66$6,968,142$5,706,242$5,371,641$6,855,569
67$7,640,819$5,947,775$5,513,518$7,360,153
68$8,380,911$6,199,944$5,658,948$7,908,833
69$9,195,254$6,463,232$5,808,014$8,505,812
70$10,091,385$6,738,145$5,960,797$9,155,709
71$11,077,604$7,025,212$6,117,382$9,863,603
72$12,163,061$7,324,988$6,277,855$10,635,073
73$13,357,833$7,638,053$6,442,303$11,476,257
74$14,673,027$7,965,013$6,610,816$12,393,903
75$16,120,882$8,306,504$6,783,484$13,395,431
76$17,714,880$8,663,191$6,960,399$14,489,004
77$19,469,881$9,035,771$7,141,655$15,683,597
78$21,402,256$9,424,971$7,327,348$16,989,087
79$23,530,047$9,831,556$7,517,575$18,416,338
80$25,873,133$10,256,323$7,712,435$19,977,302
81$28,453,418$10,700,108$7,912,027$21,685,132
82$31,295,041$11,163,788$8,116,454$23,554,300
83$34,424,600$11,648,278$8,325,820$25,600,734
84$37,871,405$12,154,539$8,540,230$27,841,963
85$41,667,751$12,683,574$8,759,791$30,297,279
86$45,849,229$13,236,437$8,984,611$32,987,917
87$50,455,055$13,814,227$9,214,801$35,937,255
88$55,528,446$14,418,099$9,450,472$39,171,023
89$61,117,022$15,049,261$9,691,737$42,717,552
90$67,273,260$15,708,977$9,938,712$46,608,029
91$74,054,987$16,398,571$10,191,514$50,876,793
92$81,525,926$17,119,431$10,450,260$55,561,653
93$89,756,297$17,873,009$10,715,069$60,704,240
94$98,823,479$18,660,827$10,986,064$66,350,396
95$108,812,742$19,484,476$11,263,366$72,550,601
96$119,818,053$20,345,627$11,547,100$79,360,445
97$131,942,958$21,246,025$11,837,391$86,841,149
98$145,301,561$22,187,502$12,134,365$95,060,135
99$160,019,606$23,171,975$12,438,152$104,091,657
100$176,235,655$24,201,452$12,748,880$114,017,497