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

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 $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%19.7%
1 years$148,642$147,318$146,027$144,766$143,535$137,949
2 years$73,585$72,215$70,887$69,599$68,350$62,790
3 years$48,570$47,193$45,868$44,593$43,364$38,004
4 years$36,064$34,692$33,380$32,127$30,928$25,809
5 years$28,563$27,199$25,905$24,676$23,511$18,647
6 years$23,564$22,210$20,935$19,734$18,603$13,998
7 years$19,994$18,652$17,397$16,224$15,129$10,780
8 years$17,318$15,988$14,754$13,610$12,551$8,454
9 years$15,238$13,921$12,708$11,593$10,570$6,719
10 years$13,575$12,270$11,079$9,993$9,006$5,393
11 years$12,215$10,924$9,754$8,697$7,746$4,363
12 years$11,083$9,804$8,656$7,628$6,712$3,551
13 years$10,125$8,860$7,734$6,735$5,853$2,904
14 years$9,305$8,054$6,949$5,978$5,131$2,384
15 years$8,595$7,357$6,274$5,332$4,518$1,964
16 years$7,975$6,750$5,688$4,774$3,993$1,621
17 years$7,428$6,217$5,176$4,289$3,540$1,341
18 years$6,942$5,744$4,725$3,866$3,148$1,111
19 years$6,508$5,324$4,325$3,493$2,806$922
20 years$6,118$4,947$3,970$3,163$2,506$766
21 years$5,765$4,608$3,651$2,871$2,243$637
22 years$5,445$4,302$3,365$2,610$2,010$530
23 years$5,153$4,023$3,107$2,377$1,804$442
24 years$4,886$3,769$2,874$2,168$1,622$368
25 years$4,641$3,537$2,662$1,980$1,459$307
26 years$4,415$3,325$2,468$1,811$1,315$256
27 years$4,206$3,129$2,292$1,657$1,185$213
28 years$4,012$2,948$2,131$1,518$1,069$178
29 years$3,832$2,781$1,983$1,392$966$149
30 years$3,664$2,627$1,847$1,278$873$124
31 years$3,507$2,483$1,722$1,174$789$103
32 years$3,361$2,350$1,607$1,079$714$86
33 years$3,224$2,225$1,500$992$646$72
34 years$3,095$2,109$1,402$913$585$60
35 years$2,973$2,000$1,310$840$530$50
36 years$2,859$1,898$1,226$774$480$42
37 years$2,751$1,803$1,147$713$435$35
38 years$2,649$1,714$1,074$657$394$29
39 years$2,552$1,629$1,007$606$358$24
40 years$2,461$1,550$944$559$324$20
41 years$2,374$1,476$885$516$294$17
42 years$2,292$1,405$830$476$267$14
43 years$2,213$1,339$779$439$242$12
44 years$2,139$1,276$731$406$220$10
45 years$2,068$1,217$686$375$200$8
46 years$2,000$1,161$645$346$181$7
47 years$1,935$1,108$606$320$165$6
48 years$1,873$1,058$569$295$149$5
49 years$1,814$1,010$535$273$136$4
50 years$1,757$965$503$252$123$3

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 $2,289 every year, while hoping to spend $26,044 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: 67/26/7 Blend
62$1,800,000$1,800,000$1,800,000$1,800,000
63$1,985,961$1,890,561$1,862,661$2,116,503
64$2,160,819$1,955,488$1,897,350$2,268,334
65$2,352,639$2,022,723$1,932,327$2,430,903
66$2,563,124$2,092,353$1,967,576$2,607,929
67$2,794,150$2,164,466$2,003,078$2,800,819
68$3,047,782$2,239,154$2,038,810$3,011,121
69$3,326,297$2,316,514$2,074,751$3,240,542
70$3,632,202$2,396,645$2,110,878$3,490,957
71$3,968,257$2,479,651$2,147,162$3,764,431
72$4,337,505$2,565,640$2,183,578$4,063,240
73$4,743,298$2,654,723$2,220,095$4,389,885
74$5,189,327$2,747,018$2,256,682$4,747,122
75$5,679,662$2,842,645$2,293,304$5,137,985
76$6,218,783$2,941,730$2,329,925$5,565,816
77$6,811,627$3,044,403$2,366,506$6,034,292
78$7,463,636$3,150,802$2,403,007$6,547,465
79$8,180,802$3,261,066$2,439,382$7,109,794
80$8,969,728$3,375,343$2,475,587$7,726,194
81$9,837,692$3,493,786$2,511,570$8,402,073
82$10,792,709$3,616,554$2,547,280$9,143,391
83$11,843,613$3,743,813$2,582,661$9,956,710
84$13,000,135$3,875,733$2,617,654$10,849,259
85$14,272,999$4,012,494$2,652,196$11,829,001
86$15,674,021$4,154,283$2,686,220$12,904,704
87$17,216,220$4,301,292$2,719,658$14,086,030
88$18,913,942$4,453,723$2,752,435$15,383,620
89$20,782,995$4,611,786$2,784,471$16,809,197
90$22,840,795$4,775,698$2,815,686$18,375,675
91$25,106,537$4,945,688$2,845,992$20,097,281
92$27,601,367$5,121,990$2,875,296$21,989,687
93$30,348,589$5,304,850$2,903,502$24,070,159
94$33,373,883$5,494,526$2,930,507$26,357,719
95$36,705,543$5,691,282$2,956,203$28,873,324
96$40,374,750$5,895,396$2,980,477$31,640,063
97$44,415,861$6,107,157$3,003,209$34,683,373
98$48,866,736$6,326,865$3,024,274$38,031,282
99$53,769,095$6,554,833$3,043,539$41,714,669
100$59,168,910$6,791,387$3,060,865$45,767,555