Can I retire at age 63 with 1,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$148,642$147,318$146,027$144,766$143,535$138,167
2 years$73,585$72,215$70,887$69,599$68,350$63,004
3 years$48,570$47,193$45,868$44,593$43,364$38,207
4 years$36,064$34,692$33,380$32,127$30,928$26,000
5 years$28,563$27,199$25,905$24,676$23,511$18,824
6 years$23,564$22,210$20,935$19,734$18,603$14,162
7 years$19,994$18,652$17,397$16,224$15,129$10,931
8 years$17,318$15,988$14,754$13,610$12,551$8,593
9 years$15,238$13,921$12,708$11,593$10,570$6,846
10 years$13,575$12,270$11,079$9,993$9,006$5,510
11 years$12,215$10,924$9,754$8,697$7,746$4,469
12 years$11,083$9,804$8,656$7,628$6,712$3,647
13 years$10,125$8,860$7,734$6,735$5,853$2,991
14 years$9,305$8,054$6,949$5,978$5,131$2,462
15 years$8,595$7,357$6,274$5,332$4,518$2,034
16 years$7,975$6,750$5,688$4,774$3,993$1,684
17 years$7,428$6,217$5,176$4,289$3,540$1,397
18 years$6,942$5,744$4,725$3,866$3,148$1,161
19 years$6,508$5,324$4,325$3,493$2,806$967
20 years$6,118$4,947$3,970$3,163$2,506$806
21 years$5,765$4,608$3,651$2,871$2,243$672
22 years$5,445$4,302$3,365$2,610$2,010$561
23 years$5,153$4,023$3,107$2,377$1,804$469
24 years$4,886$3,769$2,874$2,168$1,622$392
25 years$4,641$3,537$2,662$1,980$1,459$328
26 years$4,415$3,325$2,468$1,811$1,315$274
27 years$4,206$3,129$2,292$1,657$1,185$229
28 years$4,012$2,948$2,131$1,518$1,069$192
29 years$3,832$2,781$1,983$1,392$966$161
30 years$3,664$2,627$1,847$1,278$873$135
31 years$3,507$2,483$1,722$1,174$789$113
32 years$3,361$2,350$1,607$1,079$714$94
33 years$3,224$2,225$1,500$992$646$79
34 years$3,095$2,109$1,402$913$585$66
35 years$2,973$2,000$1,310$840$530$56
36 years$2,859$1,898$1,226$774$480$47
37 years$2,751$1,803$1,147$713$435$39
38 years$2,649$1,714$1,074$657$394$33
39 years$2,552$1,629$1,007$606$358$27
40 years$2,461$1,550$944$559$324$23
41 years$2,374$1,476$885$516$294$19
42 years$2,292$1,405$830$476$267$16
43 years$2,213$1,339$779$439$242$14
44 years$2,139$1,276$731$406$220$11
45 years$2,068$1,217$686$375$200$9
46 years$2,000$1,161$645$346$181$8
47 years$1,935$1,108$606$320$165$7
48 years$1,873$1,058$569$295$149$6
49 years$1,814$1,010$535$273$136$5
50 years$1,757$965$503$252$123$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,800,000, adding $3,518 every year, while hoping to spend $30,892 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: 36/45/19 Blend
62$1,800,000$1,800,000$1,800,000$1,800,000
63$1,987,229$1,891,829$1,863,929$2,047,185
64$2,157,057$1,951,660$1,893,502$2,150,987
65$2,343,173$2,013,387$1,923,030$2,259,827
66$2,547,204$2,077,070$1,952,479$2,376,684
67$2,770,945$2,142,773$1,981,813$2,502,294
68$3,016,372$2,210,559$2,010,994$2,637,462
69$3,285,659$2,280,494$2,039,980$2,783,075
70$3,581,205$2,352,647$2,068,728$2,940,107
71$3,905,650$2,427,088$2,097,192$3,109,631
72$4,261,901$2,503,891$2,125,323$3,292,826
73$4,653,163$2,583,129$2,153,069$3,490,987
74$5,082,965$2,664,882$2,180,377$3,705,541
75$5,555,196$2,749,229$2,207,187$3,938,056
76$6,074,137$2,836,253$2,233,439$4,190,260
77$6,644,508$2,926,038$2,259,068$4,464,051
78$7,271,507$3,018,674$2,284,007$4,761,521
79$7,960,862$3,114,250$2,308,182$5,084,970
80$8,718,883$3,212,861$2,331,519$5,436,931
81$9,552,521$3,314,603$2,353,937$5,820,193
82$10,469,436$3,419,576$2,375,352$6,237,823
83$11,478,067$3,527,884$2,395,674$6,693,202
84$12,587,712$3,639,632$2,414,811$7,190,051
85$13,808,615$3,754,931$2,432,664$7,732,466
86$15,152,065$3,873,894$2,449,130$8,324,958
87$16,630,498$3,996,637$2,464,098$8,972,495
88$18,257,618$4,123,282$2,477,455$9,680,550
89$20,048,526$4,253,953$2,489,080$10,455,146
90$22,019,857$4,388,778$2,498,846$11,302,921
91$24,189,945$4,527,891$2,506,620$12,231,185
92$26,578,991$4,671,429$2,512,263$13,247,988
93$29,209,251$4,819,532$2,515,627$14,362,198
94$32,105,254$4,972,348$2,516,559$15,583,586
95$35,294,023$5,130,026$2,514,897$16,922,911
96$38,805,338$5,292,723$2,510,471$18,392,028
97$42,672,015$5,460,598$2,503,104$20,003,997
98$46,930,211$5,633,818$2,492,609$21,773,204
99$51,619,771$5,812,554$2,478,790$23,715,498
100$56,784,601$5,996,982$2,461,443$25,848,342