Can I retire at age 63 with 1,810,000?

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 $1,810,000?

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$149,468$148,137$146,838$145,570$144,332$138,715
2 years$73,994$72,616$71,280$69,986$68,729$63,138
3 years$48,839$47,455$46,123$44,840$43,605$38,215
4 years$36,265$34,885$33,566$32,305$31,099$25,953
5 years$28,722$27,350$26,048$24,813$23,641$18,751
6 years$23,695$22,333$21,051$19,843$18,706$14,075
7 years$20,105$18,756$17,494$16,314$15,213$10,840
8 years$17,414$16,077$14,836$13,686$12,621$8,501
9 years$15,323$13,998$12,778$11,657$10,629$6,756
10 years$13,650$12,338$11,140$10,049$9,056$5,423
11 years$12,283$10,984$9,808$8,745$7,789$4,388
12 years$11,144$9,859$8,704$7,671$6,749$3,571
13 years$10,182$8,909$7,777$6,772$5,886$2,921
14 years$9,357$8,098$6,987$6,012$5,159$2,398
15 years$8,643$7,398$6,309$5,361$4,543$1,975
16 years$8,019$6,788$5,720$4,800$4,015$1,630
17 years$7,469$6,251$5,205$4,313$3,560$1,349
18 years$6,980$5,776$4,751$3,887$3,165$1,118
19 years$6,544$5,353$4,349$3,512$2,821$927
20 years$6,152$4,975$3,992$3,181$2,520$771
21 years$5,797$4,634$3,672$2,887$2,255$641
22 years$5,475$4,325$3,384$2,625$2,021$533
23 years$5,182$4,045$3,124$2,391$1,815$444
24 years$4,913$3,790$2,890$2,180$1,631$370
25 years$4,666$3,557$2,676$1,991$1,468$308
26 years$4,439$3,343$2,482$1,821$1,322$257
27 years$4,229$3,146$2,305$1,666$1,192$215
28 years$4,034$2,965$2,143$1,527$1,075$179
29 years$3,853$2,797$1,994$1,400$971$149
30 years$3,684$2,641$1,857$1,285$877$125
31 years$3,527$2,497$1,732$1,180$793$104
32 years$3,380$2,363$1,616$1,085$718$87
33 years$3,241$2,237$1,508$997$649$73
34 years$3,112$2,121$1,409$918$588$61
35 years$2,990$2,011$1,318$845$533$51
36 years$2,875$1,909$1,233$778$483$42
37 years$2,766$1,813$1,154$717$437$35
38 years$2,664$1,723$1,080$661$396$29
39 years$2,567$1,639$1,012$609$360$25
40 years$2,475$1,559$949$562$326$21
41 years$2,387$1,484$890$518$296$17
42 years$2,304$1,413$835$478$268$14
43 years$2,226$1,347$783$442$244$12
44 years$2,151$1,284$735$408$221$10
45 years$2,079$1,224$690$377$201$8
46 years$2,011$1,168$648$348$182$7
47 years$1,946$1,114$609$321$166$6
48 years$1,884$1,064$572$297$150$5
49 years$1,824$1,016$538$274$137$4
50 years$1,767$970$506$254$124$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,810,000, adding $4,180 every year, while hoping to spend $47,920 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: 48/29/23 Blend
62$1,810,000$1,810,000$1,810,000$1,810,000
63$1,998,932$1,903,002$1,874,947$2,081,646
64$2,151,836$1,945,262$1,886,771$2,182,112
65$2,318,731$1,987,988$1,897,385$2,286,027
66$2,500,992$2,031,150$1,906,698$2,397,897
67$2,700,135$2,074,718$1,914,615$2,518,493
68$2,917,828$2,118,658$1,921,033$2,648,662
69$3,155,908$2,162,934$1,925,849$2,789,339
70$3,416,396$2,207,503$1,928,950$2,941,555
71$3,701,519$2,252,321$1,930,221$3,106,447
72$4,013,730$2,297,341$1,929,539$3,285,269
73$4,355,727$2,342,508$1,926,776$3,479,401
74$4,730,485$2,387,764$1,921,797$3,690,368
75$5,141,279$2,433,049$1,914,461$3,919,848
76$5,591,714$2,478,293$1,904,620$4,169,695
77$6,085,764$2,523,424$1,892,120$4,441,951
78$6,627,802$2,568,363$1,876,796$4,738,866
79$7,222,650$2,613,024$1,858,481$5,062,925
80$7,875,614$2,657,316$1,836,994$5,416,865
81$8,592,543$2,701,141$1,812,150$5,803,705
82$9,379,878$2,744,392$1,783,752$6,226,774
83$10,244,714$2,786,956$1,751,596$6,689,741
84$11,194,868$2,828,710$1,715,467$7,196,654
85$12,238,951$2,869,523$1,675,142$7,751,974
86$13,386,450$2,909,256$1,630,386$8,360,622
87$14,647,817$2,947,758$1,580,952$9,028,021
88$16,034,565$2,984,869$1,526,585$9,760,154
89$17,559,381$3,020,418$1,467,016$10,563,615
90$19,236,240$3,054,221$1,401,964$11,445,674
91$21,080,543$3,086,084$1,331,135$12,414,348
92$23,109,253$3,115,797$1,254,223$13,478,474
93$25,341,065$3,143,139$1,170,908$14,647,797
94$27,796,573$3,167,872$1,080,853$15,933,060
95$30,498,471$3,189,745$983,709$17,346,107
96$33,471,762$3,208,490$879,110$18,899,996
97$36,743,995$3,223,820$766,674$20,609,120
98$40,345,527$3,235,431$646,002$22,489,351
99$44,309,805$3,243,002$516,677$24,558,184
100$48,673,684$3,246,188$378,265$26,834,907