Can I retire at age 63 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$150,294$148,955$147,649$146,374$145,129$144,336
2 years$74,403$73,017$71,674$70,372$69,109$68,308
3 years$49,109$47,718$46,378$45,088$43,846$43,063
4 years$36,465$35,077$33,751$32,483$31,271$30,512
5 years$28,880$27,501$26,192$24,950$23,772$23,038
6 years$23,825$22,457$21,167$19,953$18,810$18,103
7 years$20,216$18,859$17,590$16,405$15,297$14,618
8 years$17,511$16,166$14,918$13,761$12,691$12,038
9 years$15,407$14,075$12,849$11,722$10,687$10,062
10 years$13,726$12,407$11,202$10,104$9,106$8,508
11 years$12,351$11,045$9,862$8,794$7,832$7,259
12 years$11,206$9,913$8,752$7,713$6,787$6,240
13 years$10,238$8,959$7,820$6,810$5,918$5,397
14 years$9,409$8,143$7,026$6,045$5,188$4,692
15 years$8,691$7,439$6,343$5,391$4,568$4,096
16 years$8,063$6,825$5,751$4,827$4,037$3,588
17 years$7,510$6,286$5,233$4,337$3,579$3,154
18 years$7,019$5,808$4,777$3,908$3,183$2,779
19 years$6,580$5,383$4,373$3,532$2,837$2,454
20 years$6,186$5,002$4,014$3,199$2,534$2,172
21 years$5,829$4,659$3,692$2,903$2,268$1,925
22 years$5,505$4,349$3,403$2,639$2,033$1,709
23 years$5,210$4,068$3,142$2,404$1,825$1,520
24 years$4,940$3,811$2,906$2,192$1,640$1,353
25 years$4,692$3,577$2,691$2,002$1,476$1,205
26 years$4,464$3,362$2,496$1,831$1,329$1,075
27 years$4,252$3,164$2,318$1,676$1,198$959
28 years$4,056$2,981$2,155$1,535$1,081$857
29 years$3,874$2,812$2,005$1,408$976$766
30 years$3,705$2,656$1,868$1,292$882$685
31 years$3,546$2,511$1,741$1,187$798$613
32 years$3,398$2,376$1,624$1,091$722$548
33 years$3,259$2,250$1,517$1,003$653$491
34 years$3,129$2,132$1,417$923$591$440
35 years$3,006$2,022$1,325$849$535$394
36 years$2,891$1,920$1,239$782$485$353
37 years$2,781$1,823$1,160$721$440$317
38 years$2,678$1,733$1,086$664$399$284
39 years$2,581$1,648$1,018$613$362$255
40 years$2,488$1,568$954$565$328$228
41 years$2,400$1,492$895$521$297$205
42 years$2,317$1,421$839$481$270$184
43 years$2,238$1,354$787$444$245$165
44 years$2,162$1,291$739$410$222$148
45 years$2,091$1,231$694$379$202$133
46 years$2,022$1,174$652$350$183$119
47 years$1,957$1,120$612$323$166$107
48 years$1,894$1,070$575$299$151$96
49 years$1,834$1,021$541$276$137$86
50 years$1,777$976$509$255$125$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,820,000, adding $4,664 every year, while hoping to spend $34,408 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: 31/49/20 Blend
62$1,820,000$1,820,000$1,820,000$1,820,000
63$2,010,451$1,913,991$1,885,781$2,060,112
64$2,178,907$1,971,167$1,912,345$2,155,121
65$2,363,393$2,029,991$1,938,645$2,253,889
66$2,565,506$2,090,508$1,964,637$2,359,488
67$2,787,008$2,152,763$1,990,273$2,472,533
68$3,029,838$2,216,803$2,015,502$2,593,700
69$3,296,130$2,282,676$2,040,270$2,723,731
70$3,588,238$2,350,429$2,064,522$2,863,443
71$3,908,752$2,420,114$2,088,197$3,013,736
72$4,260,525$2,491,780$2,111,232$3,175,597
73$4,646,701$2,565,480$2,133,561$3,350,112
74$5,070,743$2,641,267$2,155,114$3,538,479
75$5,536,465$2,719,195$2,175,816$3,742,011
76$6,048,068$2,799,319$2,195,589$3,962,158
77$6,610,181$2,881,696$2,214,352$4,200,512
78$7,227,904$2,966,383$2,232,017$4,458,828
79$7,906,855$3,053,440$2,248,494$4,739,036
80$8,653,222$3,142,927$2,263,687$5,043,262
81$9,473,824$3,234,904$2,277,494$5,373,845
82$10,376,174$3,329,435$2,289,810$5,733,363
83$11,368,549$3,426,582$2,300,523$6,124,653
84$12,460,067$3,526,410$2,309,517$6,550,838
85$13,660,775$3,628,985$2,316,667$7,015,360
86$14,981,743$3,734,375$2,321,845$7,522,009
87$16,435,169$3,842,648$2,324,915$8,074,959
88$18,034,491$3,953,872$2,325,734$8,678,805
89$19,794,516$4,068,119$2,324,153$9,338,614
90$21,731,560$4,185,460$2,320,015$10,059,962
91$23,863,599$4,305,967$2,313,156$10,848,994
92$26,210,442$4,429,716$2,303,402$11,712,480
93$28,793,915$4,556,779$2,290,574$12,657,878
94$31,638,067$4,687,234$2,274,481$13,693,403
95$34,769,399$4,821,158$2,254,925$14,828,106
96$38,217,110$4,958,627$2,231,698$16,071,961
97$42,013,377$5,099,721$2,204,581$17,435,954
98$46,193,653$5,244,520$2,173,347$18,932,192
99$50,797,008$5,393,103$2,137,756$20,574,014
100$55,866,490$5,545,553$2,097,558$22,376,115