Can I retire at age 63 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$404,637$401,033$397,517$394,084$390,733$375,378
2 years$200,316$196,585$192,969$189,464$186,063$170,782
3 years$132,217$128,470$124,864$121,391$118,046$103,319
4 years$98,175$94,439$90,869$87,456$84,192$70,130
5 years$77,754$74,042$70,518$67,174$64,001$50,642
6 years$64,145$60,461$56,989$53,720$50,642$37,994
7 years$54,429$50,775$47,358$44,166$41,185$29,244
8 years$47,144$43,523$40,163$37,050$34,167$22,920
9 years$41,482$37,895$34,593$31,558$28,774$18,204
10 years$36,954$33,402$30,159$27,203$24,517$14,604
11 years$33,252$29,736$26,551$23,675$21,085$11,807
12 years$30,170$26,690$23,564$20,766$18,272$9,603
13 years$27,563$24,120$21,053$18,334$15,934$7,849
14 years$25,331$21,924$18,916$16,274$13,967$6,439
15 years$23,398$20,028$17,078$14,514$12,298$5,299
16 years$21,709$18,375$15,484$12,996$10,869$4,372
17 years$20,220$16,923$14,090$11,676$9,637$3,614
18 years$18,897$15,638$12,862$10,523$8,569$2,993
19 years$17,716$14,493$11,775$9,508$7,638$2,482
20 years$16,654$13,467$10,806$8,612$6,822$2,060
21 years$15,694$12,544$9,940$7,816$6,105$1,712
22 years$14,822$11,710$9,161$7,106$5,472$1,423
23 years$14,028$10,952$8,459$6,472$4,912$1,184
24 years$13,301$10,261$7,823$5,903$4,415$986
25 years$12,633$9,630$7,245$5,391$3,973$821
26 years$12,017$9,050$6,720$4,929$3,579$684
27 years$11,448$8,517$6,240$4,512$3,227$570
28 years$10,921$8,026$5,801$4,134$2,911$475
29 years$10,431$7,571$5,398$3,791$2,629$396
30 years$9,974$7,150$5,028$3,479$2,375$331
31 years$9,548$6,760$4,688$3,195$2,148$276
32 years$9,149$6,396$4,374$2,936$1,943$230
33 years$8,775$6,057$4,084$2,700$1,758$192
34 years$8,424$5,741$3,816$2,484$1,592$160
35 years$8,094$5,445$3,567$2,287$1,442$134
36 years$7,782$5,168$3,337$2,106$1,306$112
37 years$7,489$4,908$3,123$1,941$1,184$93
38 years$7,211$4,665$2,925$1,789$1,073$78
39 years$6,948$4,436$2,740$1,649$973$65
40 years$6,699$4,220$2,569$1,521$883$54
41 years$6,463$4,017$2,408$1,404$801$45
42 years$6,238$3,826$2,259$1,295$727$38
43 years$6,025$3,645$2,120$1,196$660$31
44 years$5,822$3,475$1,990$1,104$599$26
45 years$5,628$3,314$1,869$1,020$544$22
46 years$5,444$3,161$1,755$942$493$18
47 years$5,268$3,017$1,649$870$448$15
48 years$5,099$2,880$1,549$804$407$13
49 years$4,938$2,750$1,456$743$370$11
50 years$4,784$2,627$1,369$687$336$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $4,900,000, adding $5,268 every year, while hoping to spend $32,893 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: 61/9/30 Blend
62$4,900,000$4,900,000$4,900,000$4,900,000
63$5,405,234$5,145,534$5,069,584$5,690,704
64$5,921,570$5,362,667$5,204,417$6,103,200
65$6,489,470$5,589,338$5,342,665$6,549,302
66$7,114,158$5,825,978$5,484,407$7,035,606
67$7,801,392$6,073,040$5,629,724$7,566,048
68$8,557,513$6,330,999$5,778,699$8,144,965
69$9,389,511$6,600,349$5,931,417$8,777,126
70$10,305,086$6,881,610$6,087,964$9,467,783
71$11,312,721$7,175,326$6,248,427$10,222,719
72$12,421,765$7,482,063$6,412,896$11,048,298
73$13,642,518$7,802,418$6,581,461$11,951,530
74$14,986,332$8,137,013$6,754,216$12,940,131
75$16,465,710$8,486,499$6,931,256$14,022,601
76$18,094,435$8,851,560$7,112,675$15,208,295
77$19,887,690$9,232,909$7,298,573$16,507,521
78$21,862,208$9,631,295$7,489,048$17,931,626
79$24,036,424$10,047,499$7,684,202$19,493,109
80$26,430,655$10,482,342$7,884,138$21,205,738
81$29,067,287$10,936,682$8,088,962$23,084,673
82$31,970,987$11,411,417$8,298,779$25,146,615
83$35,168,938$11,907,487$8,513,699$27,409,959
84$38,691,093$12,425,877$8,733,831$29,894,968
85$42,570,457$12,967,618$8,959,287$32,623,960
86$46,843,403$13,533,790$9,190,182$35,621,523
87$51,550,008$14,125,523$9,426,631$38,914,740
88$56,734,436$14,744,001$9,668,751$42,533,449
89$62,445,356$15,390,465$9,916,661$46,510,519
90$68,736,395$16,066,211$10,170,483$50,882,160
91$75,666,652$16,772,599$10,430,338$55,688,264
92$83,301,248$17,511,054$10,696,352$60,972,782
93$91,711,945$18,283,066$10,968,649$66,784,134
94$100,977,824$19,090,196$11,247,359$73,175,666
95$111,186,026$19,934,080$11,532,611$80,206,152
96$122,432,582$20,816,432$11,824,534$87,940,347
97$134,823,313$21,739,044$12,123,264$96,449,597
98$148,474,830$22,703,797$12,428,932$105,812,510
99$163,515,638$23,712,658$12,741,676$116,115,697
100$180,087,344$24,767,688$13,061,633$127,454,587