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

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$150,294$148,955$147,649$146,374$145,129$139,426
2 years$74,403$73,017$71,674$70,372$69,109$63,433
3 years$49,109$47,718$46,378$45,088$43,846$38,376
4 years$36,465$35,077$33,751$32,483$31,271$26,048
5 years$28,880$27,501$26,192$24,950$23,772$18,810
6 years$23,825$22,457$21,167$19,953$18,810$14,112
7 years$20,216$18,859$17,590$16,405$15,297$10,862
8 years$17,511$16,166$14,918$13,761$12,691$8,513
9 years$15,407$14,075$12,849$11,722$10,687$6,761
10 years$13,726$12,407$11,202$10,104$9,106$5,424
11 years$12,351$11,045$9,862$8,794$7,832$4,385
12 years$11,206$9,913$8,752$7,713$6,787$3,567
13 years$10,238$8,959$7,820$6,810$5,918$2,915
14 years$9,409$8,143$7,026$6,045$5,188$2,392
15 years$8,691$7,439$6,343$5,391$4,568$1,968
16 years$8,063$6,825$5,751$4,827$4,037$1,624
17 years$7,510$6,286$5,233$4,337$3,579$1,342
18 years$7,019$5,808$4,777$3,908$3,183$1,112
19 years$6,580$5,383$4,373$3,532$2,837$922
20 years$6,186$5,002$4,014$3,199$2,534$765
21 years$5,829$4,659$3,692$2,903$2,268$636
22 years$5,505$4,349$3,403$2,639$2,033$529
23 years$5,210$4,068$3,142$2,404$1,825$440
24 years$4,940$3,811$2,906$2,192$1,640$366
25 years$4,692$3,577$2,691$2,002$1,476$305
26 years$4,464$3,362$2,496$1,831$1,329$254
27 years$4,252$3,164$2,318$1,676$1,198$212
28 years$4,056$2,981$2,155$1,535$1,081$177
29 years$3,874$2,812$2,005$1,408$976$147
30 years$3,705$2,656$1,868$1,292$882$123
31 years$3,546$2,511$1,741$1,187$798$102
32 years$3,398$2,376$1,624$1,091$722$85
33 years$3,259$2,250$1,517$1,003$653$71
34 years$3,129$2,132$1,417$923$591$59
35 years$3,006$2,022$1,325$849$535$50
36 years$2,891$1,920$1,239$782$485$41
37 years$2,781$1,823$1,160$721$440$35
38 years$2,678$1,733$1,086$664$399$29
39 years$2,581$1,648$1,018$613$362$24
40 years$2,488$1,568$954$565$328$20
41 years$2,400$1,492$895$521$297$17
42 years$2,317$1,421$839$481$270$14
43 years$2,238$1,354$787$444$245$12
44 years$2,162$1,291$739$410$222$10
45 years$2,091$1,231$694$379$202$8
46 years$2,022$1,174$652$350$183$7
47 years$1,957$1,120$612$323$166$6
48 years$1,894$1,070$575$299$151$5
49 years$1,834$1,021$541$276$137$4
50 years$1,777$976$509$255$125$3

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 $4,693 every year, while hoping to spend $37,837 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: 66/8/26 Blend
62$1,820,000$1,820,000$1,820,000$1,820,000
63$2,010,481$1,914,021$1,885,811$2,129,237
64$2,175,292$1,967,550$1,908,727$2,263,363
65$2,355,645$2,022,433$1,931,143$2,405,268
66$2,553,086$2,078,698$1,953,002$2,559,571
67$2,769,317$2,136,370$1,974,244$2,727,496
68$3,006,212$2,195,477$1,994,805$2,910,390
69$3,265,834$2,256,044$2,014,620$3,109,741
70$3,550,458$2,318,098$2,033,618$3,327,184
71$3,862,585$2,381,665$2,051,725$3,564,522
72$4,204,973$2,446,772$2,068,862$3,823,743
73$4,580,660$2,513,443$2,084,949$4,107,035
74$4,992,990$2,581,705$2,099,898$4,416,811
75$5,445,649$2,651,582$2,113,618$4,755,728
76$5,942,696$2,723,100$2,126,014$5,126,715
77$6,488,601$2,796,282$2,136,986$5,533,000
78$7,088,291$2,871,153$2,146,427$5,978,138
79$7,747,191$2,947,734$2,154,228$6,466,048
80$8,471,280$3,026,048$2,160,270$7,001,050
81$9,267,143$3,106,117$2,164,431$7,587,901
82$10,142,036$3,187,961$2,166,584$8,231,847
83$11,103,951$3,271,599$2,166,592$8,938,665
84$12,161,696$3,357,049$2,164,314$9,714,726
85$13,324,972$3,444,328$2,159,603$10,567,047
86$14,604,471$3,533,451$2,152,301$11,503,364
87$16,011,969$3,624,433$2,142,245$12,532,199
88$17,560,445$3,717,284$2,129,265$13,662,947
89$19,264,195$3,812,016$2,113,180$14,905,960
90$21,138,974$3,908,637$2,093,803$16,272,646
91$23,202,141$4,007,151$2,070,937$17,775,579
92$25,472,821$4,107,563$2,044,375$19,428,613
93$27,972,087$4,209,872$2,013,900$21,247,018
94$30,723,162$4,314,078$1,979,288$23,247,624
95$33,751,632$4,420,175$1,940,301$25,448,974
96$37,085,688$4,528,153$1,896,691$27,871,508
97$40,756,396$4,638,001$1,848,198$30,537,750
98$44,797,989$4,749,703$1,794,553$33,472,521
99$49,248,183$4,863,237$1,735,469$36,703,179
100$54,148,542$4,978,581$1,670,652$40,259,871