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%11.8%
1 years$150,294$148,955$147,649$146,374$145,129$144,034
2 years$74,403$73,017$71,674$70,372$69,109$68,005
3 years$49,109$47,718$46,378$45,088$43,846$42,766
4 years$36,465$35,077$33,751$32,483$31,271$30,225
5 years$28,880$27,501$26,192$24,950$23,772$22,763
6 years$23,825$22,457$21,167$19,953$18,810$17,839
7 years$20,216$18,859$17,590$16,405$15,297$14,364
8 years$17,511$16,166$14,918$13,761$12,691$11,796
9 years$15,407$14,075$12,849$11,722$10,687$9,831
10 years$13,726$12,407$11,202$10,104$9,106$8,287
11 years$12,351$11,045$9,862$8,794$7,832$7,050
12 years$11,206$9,913$8,752$7,713$6,787$6,041
13 years$10,238$8,959$7,820$6,810$5,918$5,208
14 years$9,409$8,143$7,026$6,045$5,188$4,513
15 years$8,691$7,439$6,343$5,391$4,568$3,926
16 years$8,063$6,825$5,751$4,827$4,037$3,428
17 years$7,510$6,286$5,233$4,337$3,579$3,003
18 years$7,019$5,808$4,777$3,908$3,183$2,636
19 years$6,580$5,383$4,373$3,532$2,837$2,320
20 years$6,186$5,002$4,014$3,199$2,534$2,046
21 years$5,829$4,659$3,692$2,903$2,268$1,807
22 years$5,505$4,349$3,403$2,639$2,033$1,598
23 years$5,210$4,068$3,142$2,404$1,825$1,416
24 years$4,940$3,811$2,906$2,192$1,640$1,255
25 years$4,692$3,577$2,691$2,002$1,476$1,114
26 years$4,464$3,362$2,496$1,831$1,329$990
27 years$4,252$3,164$2,318$1,676$1,198$880
28 years$4,056$2,981$2,155$1,535$1,081$783
29 years$3,874$2,812$2,005$1,408$976$697
30 years$3,705$2,656$1,868$1,292$882$620
31 years$3,546$2,511$1,741$1,187$798$553
32 years$3,398$2,376$1,624$1,091$722$493
33 years$3,259$2,250$1,517$1,003$653$439
34 years$3,129$2,132$1,417$923$591$392
35 years$3,006$2,022$1,325$849$535$350
36 years$2,891$1,920$1,239$782$485$312
37 years$2,781$1,823$1,160$721$440$279
38 years$2,678$1,733$1,086$664$399$249
39 years$2,581$1,648$1,018$613$362$222
40 years$2,488$1,568$954$565$328$198
41 years$2,400$1,492$895$521$297$177
42 years$2,317$1,421$839$481$270$158
43 years$2,238$1,354$787$444$245$142
44 years$2,162$1,291$739$410$222$127
45 years$2,091$1,231$694$379$202$113
46 years$2,022$1,174$652$350$183$101
47 years$1,957$1,120$612$323$166$90
48 years$1,894$1,070$575$299$151$81
49 years$1,834$1,021$541$276$137$72
50 years$1,777$976$509$255$125$65

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 $2,212 every year, while hoping to spend $20,584 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: 44/43/13 Blend
62$1,820,000$1,820,000$1,820,000$1,820,000
63$2,007,922$1,911,462$1,883,252$2,088,668
64$2,190,828$1,983,222$1,924,439$2,216,959
65$2,391,702$2,057,809$1,966,317$2,353,677
66$2,612,353$2,135,339$2,008,886$2,501,407
67$2,854,776$2,215,934$2,052,147$2,661,171
68$3,121,169$2,299,720$2,096,100$2,834,092
69$3,413,954$2,386,832$2,140,744$3,021,404
70$3,735,796$2,477,406$2,186,079$3,224,462
71$4,089,636$2,571,587$2,232,101$3,444,756
72$4,478,710$2,669,527$2,278,807$3,683,923
73$4,906,586$2,771,380$2,326,195$3,943,763
74$5,377,193$2,877,313$2,374,257$4,226,256
75$5,894,861$2,987,496$2,422,989$4,533,576
76$6,464,360$3,102,107$2,472,383$4,868,118
77$7,090,948$3,221,334$2,522,431$5,232,512
78$7,780,416$3,345,370$2,573,123$5,629,653
79$8,539,144$3,474,418$2,624,449$6,062,725
80$9,374,163$3,608,692$2,676,395$6,535,233
81$10,293,222$3,748,412$2,728,948$7,051,030
82$11,304,855$3,893,809$2,782,093$7,614,358
83$12,418,470$4,045,125$2,835,812$8,229,884
84$13,644,430$4,202,612$2,890,088$8,902,744
85$14,994,155$4,366,533$2,944,899$9,638,593
86$16,480,228$4,537,163$3,000,222$10,443,652
87$18,116,516$4,714,788$3,056,035$11,324,772
88$19,918,298$4,899,710$3,112,309$12,289,492
89$21,902,409$5,092,240$3,169,016$13,346,113
90$24,087,401$5,292,707$3,226,125$14,503,775
91$26,493,718$5,501,451$3,283,601$15,772,539
92$29,143,885$5,718,830$3,341,410$17,163,484
93$32,062,725$5,945,216$3,399,510$18,688,809
94$35,277,590$6,180,999$3,457,862$20,361,947
95$38,818,623$6,426,587$3,516,419$22,197,690
96$42,719,037$6,682,404$3,575,133$24,212,329
97$47,015,431$6,948,894$3,633,953$26,423,805
98$51,748,138$7,226,523$3,692,823$28,851,874
99$56,961,601$7,515,776$3,751,685$31,518,299
100$62,704,795$7,817,159$3,810,477$34,447,046