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%11.7%
1 years$151,120$149,774$148,460$147,178$145,927$144,886
2 years$74,812$73,418$72,068$70,759$69,489$68,439
3 years$49,379$47,980$46,633$45,336$44,087$43,061
4 years$36,665$35,270$33,937$32,662$31,443$30,449
5 years$29,039$27,652$26,336$25,088$23,902$22,943
6 years$23,956$22,580$21,284$20,063$18,913$17,989
7 years$20,327$18,963$17,687$16,495$15,381$14,494
8 years$17,607$16,255$15,000$13,837$12,760$11,909
9 years$15,492$14,153$12,919$11,786$10,746$9,931
10 years$13,801$12,475$11,263$10,160$9,156$8,377
11 years$12,419$11,106$9,916$8,842$7,875$7,130
12 years$11,267$9,968$8,800$7,756$6,824$6,114
13 years$10,294$9,008$7,862$6,847$5,951$5,274
14 years$9,460$8,188$7,064$6,078$5,216$4,573
15 years$8,739$7,480$6,378$5,421$4,593$3,981
16 years$8,108$6,863$5,783$4,853$4,059$3,479
17 years$7,551$6,320$5,262$4,361$3,599$3,049
18 years$7,058$5,840$4,804$3,930$3,200$2,679
19 years$6,616$5,413$4,398$3,551$2,852$2,359
20 years$6,220$5,030$4,036$3,216$2,548$2,082
21 years$5,861$4,685$3,712$2,919$2,280$1,840
22 years$5,536$4,373$3,421$2,654$2,044$1,629
23 years$5,239$4,090$3,159$2,417$1,835$1,444
24 years$4,967$3,832$2,922$2,204$1,649$1,281
25 years$4,718$3,596$2,706$2,013$1,484$1,138
26 years$4,488$3,380$2,510$1,841$1,337$1,012
27 years$4,276$3,181$2,330$1,685$1,205$900
28 years$4,079$2,997$2,166$1,544$1,087$801
29 years$3,896$2,828$2,016$1,416$982$714
30 years$3,725$2,670$1,878$1,299$887$636
31 years$3,566$2,524$1,751$1,193$802$567
32 years$3,417$2,389$1,633$1,097$726$506
33 years$3,277$2,262$1,525$1,008$657$452
34 years$3,146$2,144$1,425$928$594$403
35 years$3,023$2,034$1,332$854$538$360
36 years$2,906$1,930$1,246$787$488$322
37 years$2,797$1,833$1,167$725$442$287
38 years$2,693$1,742$1,092$668$401$257
39 years$2,595$1,657$1,023$616$364$230
40 years$2,502$1,576$959$568$330$205
41 years$2,414$1,500$899$524$299$184
42 years$2,330$1,429$844$484$271$164
43 years$2,250$1,361$792$447$246$147
44 years$2,174$1,298$743$412$224$131
45 years$2,102$1,237$698$381$203$117
46 years$2,033$1,181$655$352$184$105
47 years$1,967$1,127$616$325$167$94
48 years$1,904$1,075$579$300$152$84
49 years$1,844$1,027$544$278$138$75
50 years$1,787$981$511$257$125$67

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 $3,778 every year, while hoping to spend $52,259 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: 63/11/26 Blend
62$1,830,000$1,830,000$1,830,000$1,830,000
63$2,020,557$1,923,567$1,895,202$2,133,707
64$2,171,051$1,962,219$1,903,088$2,249,430
65$2,335,143$2,001,013$1,909,487$2,369,686
66$2,514,166$2,039,901$1,914,293$2,499,895
67$2,709,586$2,078,831$1,917,397$2,641,040
68$2,923,017$2,117,747$1,918,683$2,794,202
69$3,156,235$2,156,586$1,918,029$2,960,577
70$3,411,195$2,195,284$1,915,307$3,141,481
71$3,690,052$2,233,767$1,910,385$3,338,363
72$3,995,176$2,271,961$1,903,122$3,552,825
73$4,329,178$2,309,781$1,893,370$3,786,628
74$4,694,933$2,347,139$1,880,977$4,041,719
75$5,095,606$2,383,939$1,865,780$4,320,241
76$5,534,685$2,420,078$1,847,610$4,624,556
77$6,016,008$2,455,448$1,826,290$4,957,271
78$6,543,805$2,489,929$1,801,635$5,321,258
79$7,122,734$2,523,395$1,773,450$5,719,685
80$7,757,924$2,555,713$1,741,532$6,156,043
81$8,455,026$2,586,737$1,705,668$6,634,182
82$9,220,266$2,616,315$1,665,635$7,158,346
83$10,060,499$2,644,280$1,621,199$7,733,212
84$10,983,279$2,670,458$1,572,118$8,363,941
85$11,996,925$2,694,663$1,518,136$9,056,218
86$13,110,604$2,716,694$1,458,986$9,816,311
87$14,334,412$2,736,339$1,394,389$10,651,133
88$15,679,475$2,753,372$1,324,054$11,568,302
89$17,158,048$2,767,553$1,247,676$12,576,218
90$18,783,631$2,778,626$1,164,935$13,684,138
91$20,571,101$2,786,318$1,075,500$14,902,270
92$22,536,847$2,790,341$979,023$16,241,865
93$24,698,924$2,790,387$875,140$17,715,327
94$27,077,228$2,786,130$763,471$19,336,328
95$29,693,678$2,777,223$643,620$21,119,940
96$32,572,425$2,763,299$515,173$23,082,776
97$35,740,079$2,743,967$377,697$25,243,150
98$39,225,960$2,718,814$230,743$27,621,249
99$43,062,373$2,687,400$73,837$30,239,324
100$47,284,914$2,649,262$0$33,121,902