Can I retire at age 63 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$151,120$149,774$148,460$147,178$145,927$144,403
2 years$74,812$73,418$72,068$70,759$69,489$67,954
3 years$49,379$47,980$46,633$45,336$44,087$42,589
4 years$36,665$35,270$33,937$32,662$31,443$29,994
5 years$29,039$27,652$26,336$25,088$23,902$22,506
6 years$23,956$22,580$21,284$20,063$18,913$17,571
7 years$20,327$18,963$17,687$16,495$15,381$14,094
8 years$17,607$16,255$15,000$13,837$12,760$11,528
9 years$15,492$14,153$12,919$11,786$10,746$9,568
10 years$13,801$12,475$11,263$10,160$9,156$8,032
11 years$12,419$11,106$9,916$8,842$7,875$6,803
12 years$11,267$9,968$8,800$7,756$6,824$5,804
13 years$10,294$9,008$7,862$6,847$5,951$4,981
14 years$9,460$8,188$7,064$6,078$5,216$4,296
15 years$8,739$7,480$6,378$5,421$4,593$3,720
16 years$8,108$6,863$5,783$4,853$4,059$3,233
17 years$7,551$6,320$5,262$4,361$3,599$2,818
18 years$7,058$5,840$4,804$3,930$3,200$2,462
19 years$6,616$5,413$4,398$3,551$2,852$2,156
20 years$6,220$5,030$4,036$3,216$2,548$1,891
21 years$5,861$4,685$3,712$2,919$2,280$1,662
22 years$5,536$4,373$3,421$2,654$2,044$1,462
23 years$5,239$4,090$3,159$2,417$1,835$1,288
24 years$4,967$3,832$2,922$2,204$1,649$1,136
25 years$4,718$3,596$2,706$2,013$1,484$1,003
26 years$4,488$3,380$2,510$1,841$1,337$886
27 years$4,276$3,181$2,330$1,685$1,205$783
28 years$4,079$2,997$2,166$1,544$1,087$693
29 years$3,896$2,828$2,016$1,416$982$613
30 years$3,725$2,670$1,878$1,299$887$543
31 years$3,566$2,524$1,751$1,193$802$481
32 years$3,417$2,389$1,633$1,097$726$426
33 years$3,277$2,262$1,525$1,008$657$378
34 years$3,146$2,144$1,425$928$594$335
35 years$3,023$2,034$1,332$854$538$297
36 years$2,906$1,930$1,246$787$488$264
37 years$2,797$1,833$1,167$725$442$234
38 years$2,693$1,742$1,092$668$401$208
39 years$2,595$1,657$1,023$616$364$184
40 years$2,502$1,576$959$568$330$164
41 years$2,414$1,500$899$524$299$145
42 years$2,330$1,429$844$484$271$129
43 years$2,250$1,361$792$447$246$115
44 years$2,174$1,298$743$412$224$102
45 years$2,102$1,237$698$381$203$91
46 years$2,033$1,181$655$352$184$80
47 years$1,967$1,127$616$325$167$71
48 years$1,904$1,075$579$300$152$63
49 years$1,844$1,027$544$278$138$56
50 years$1,787$981$511$257$125$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,830,000, adding $5,219 every year, while hoping to spend $51,834 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: 51/25/24 Blend
62$1,830,000$1,830,000$1,830,000$1,830,000
63$2,022,043$1,925,053$1,896,688$2,111,339
64$2,173,141$1,964,230$1,905,076$2,212,991
65$2,337,913$2,003,589$1,912,008$2,317,763
66$2,517,700$2,043,085$1,917,380$2,430,627
67$2,713,977$2,082,667$1,921,084$2,552,371
68$2,928,367$2,122,283$1,923,005$2,683,866
69$3,162,658$2,161,873$1,923,024$2,826,072
70$3,418,819$2,201,374$1,921,014$2,980,047
71$3,699,015$2,240,718$1,916,845$3,146,958
72$4,005,633$2,279,831$1,910,378$3,328,093
73$4,341,299$2,318,635$1,901,467$3,524,871
74$4,708,907$2,357,043$1,889,961$3,738,859
75$5,111,642$2,394,964$1,875,701$3,971,783
76$5,553,012$2,432,300$1,858,520$4,225,548
77$6,036,882$2,468,945$1,838,243$4,502,255
78$6,567,506$2,504,786$1,814,686$4,804,221
79$7,149,572$2,539,701$1,787,658$5,134,000
80$7,788,242$2,573,560$1,756,959$5,494,410
81$8,489,203$2,606,225$1,722,378$5,888,560
82$9,258,719$2,637,547$1,683,695$6,319,875
83$10,103,690$2,667,368$1,640,680$6,792,136
84$11,031,716$2,695,519$1,593,092$7,309,510
85$12,051,170$2,721,818$1,540,679$7,876,594
86$13,171,276$2,746,074$1,483,179$8,498,456
87$14,402,196$2,768,082$1,420,316$9,180,685
88$15,755,125$2,787,623$1,351,801$9,929,445
89$17,242,395$2,804,464$1,277,334$10,751,531
90$18,877,595$2,818,358$1,196,600$11,654,437
91$20,675,694$2,829,042$1,109,271$12,646,427
92$22,653,186$2,836,236$1,015,002$13,736,611
93$24,828,242$2,839,642$913,436$14,935,036
94$27,220,883$2,838,945$804,196$16,252,778
95$29,853,168$2,833,809$686,892$17,702,051
96$32,749,403$2,823,877$561,115$19,296,319
97$35,936,367$2,808,772$426,437$21,050,429
98$39,443,567$2,788,093$282,413$22,980,748
99$43,303,514$2,761,413$128,578$25,105,322
100$47,552,033$2,728,282$0$27,444,046