Can I retire at age 63 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$152,771$151,410$150,083$148,787$147,522$145,618
2 years$75,629$74,221$72,856$71,532$70,248$68,333
3 years$49,919$48,504$47,142$45,831$44,568$42,701
4 years$37,066$35,656$34,308$33,019$31,787$29,982
5 years$29,356$27,954$26,624$25,362$24,164$22,426
6 years$24,218$22,827$21,516$20,282$19,120$17,452
7 years$20,550$19,170$17,880$16,675$15,550$13,952
8 years$17,799$16,432$15,164$13,988$12,900$11,373
9 years$15,661$14,307$13,061$11,915$10,864$9,406
10 years$13,952$12,611$11,386$10,271$9,256$7,867
11 years$12,554$11,227$10,024$8,939$7,961$6,639
12 years$11,391$10,077$8,896$7,840$6,899$5,642
13 years$10,407$9,106$7,948$6,922$6,016$4,824
14 years$9,564$8,277$7,142$6,144$5,273$4,144
15 years$8,834$7,562$6,448$5,480$4,643$3,574
16 years$8,196$6,938$5,846$4,907$4,104$3,093
17 years$7,634$6,389$5,320$4,408$3,638$2,684
18 years$7,135$5,904$4,856$3,973$3,235$2,335
19 years$6,689$5,472$4,446$3,590$2,884$2,036
20 years$6,288$5,085$4,080$3,251$2,576$1,778
21 years$5,925$4,736$3,753$2,951$2,305$1,555
22 years$5,596$4,421$3,459$2,683$2,066$1,362
23 years$5,296$4,135$3,194$2,443$1,855$1,195
24 years$5,022$3,874$2,953$2,229$1,667$1,049
25 years$4,770$3,636$2,736$2,035$1,500$921
26 years$4,537$3,417$2,537$1,861$1,351$810
27 years$4,322$3,216$2,356$1,703$1,218$713
28 years$4,123$3,030$2,190$1,561$1,099$627
29 years$3,938$2,859$2,038$1,431$993$553
30 years$3,766$2,700$1,898$1,313$897$487
31 years$3,605$2,552$1,770$1,206$811$429
32 years$3,454$2,415$1,651$1,109$733$379
33 years$3,313$2,287$1,542$1,019$664$334
34 years$3,180$2,167$1,441$938$601$295
35 years$3,056$2,056$1,347$863$544$260
36 years$2,938$1,951$1,260$795$493$230
37 years$2,827$1,853$1,179$733$447$203
38 years$2,722$1,761$1,104$675$405$179
39 years$2,623$1,675$1,035$623$367$158
40 years$2,529$1,593$970$574$333$140
41 years$2,440$1,517$909$530$302$123
42 years$2,355$1,444$853$489$274$109
43 years$2,275$1,376$800$451$249$96
44 years$2,198$1,312$751$417$226$85
45 years$2,125$1,251$705$385$205$75
46 years$2,055$1,193$663$356$186$66
47 years$1,989$1,139$622$329$169$59
48 years$1,925$1,087$585$304$154$52
49 years$1,864$1,038$550$281$140$46
50 years$1,806$992$517$259$127$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,850,000, adding $4,145 every year, while hoping to spend $48,020 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: 36/44/20 Blend
62$1,850,000$1,850,000$1,850,000$1,850,000
63$2,042,976$1,944,926$1,916,251$2,104,000
64$2,200,266$1,989,134$1,929,352$2,193,111
65$2,371,991$2,033,899$1,941,283$2,284,471
66$2,559,572$2,079,198$1,951,954$2,382,109
67$2,764,573$2,125,004$1,961,269$2,486,616
68$2,988,718$2,171,288$1,969,130$2,598,642
69$3,233,904$2,218,017$1,975,433$2,718,902
70$3,502,220$2,265,158$1,980,067$2,848,186
71$3,795,965$2,312,669$1,982,918$2,987,365
72$4,117,673$2,360,509$1,983,865$3,137,400
73$4,470,132$2,408,631$1,982,781$3,299,348
74$4,856,414$2,456,982$1,979,533$3,474,378
75$5,279,902$2,505,509$1,973,982$3,663,777
76$5,744,323$2,554,149$1,965,981$3,868,966
77$6,253,779$2,602,838$1,955,376$4,091,510
78$6,812,792$2,651,503$1,942,008$4,333,137
79$7,426,338$2,700,069$1,925,708$4,595,751
80$8,099,904$2,748,452$1,906,298$4,881,455
81$8,839,531$2,796,562$1,883,595$5,192,564
82$9,651,872$2,844,303$1,857,405$5,531,635
83$10,544,259$2,891,570$1,827,525$5,901,486
84$11,524,769$2,938,253$1,793,742$6,305,226
85$12,602,298$2,984,230$1,755,835$6,746,284
86$13,786,648$3,029,373$1,713,571$7,228,440
87$15,088,618$3,073,543$1,666,707$7,755,865
88$16,520,104$3,116,594$1,614,989$8,333,158
89$18,094,214$3,158,366$1,558,150$8,965,391
90$19,825,388$3,198,691$1,495,913$9,658,157
91$21,729,538$3,237,386$1,427,986$10,417,625
92$23,824,192$3,274,260$1,354,065$11,250,598
93$26,128,666$3,309,105$1,273,832$12,164,577
94$28,664,240$3,341,701$1,186,956$13,167,834
95$31,454,361$3,371,813$1,093,088$14,269,493
96$34,524,866$3,399,192$991,866$15,479,611
97$37,904,220$3,423,570$882,911$16,809,282
98$41,623,789$3,444,664$765,828$18,270,735
99$45,718,135$3,462,172$640,202$19,877,459
100$50,225,339$3,475,772$505,603$21,644,322