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

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$152,771$151,410$150,083$148,787$147,522$142,799
2 years$75,629$74,221$72,856$71,532$70,248$65,534
3 years$49,919$48,504$47,142$45,831$44,568$40,011
4 years$37,066$35,656$34,308$33,019$31,787$27,420
5 years$29,356$27,954$26,624$25,362$24,164$20,000
6 years$24,218$22,827$21,516$20,282$19,120$15,162
7 years$20,550$19,170$17,880$16,675$15,550$11,798
8 years$17,799$16,432$15,164$13,988$12,900$9,351
9 years$15,661$14,307$13,061$11,915$10,864$7,514
10 years$13,952$12,611$11,386$10,271$9,256$6,101
11 years$12,554$11,227$10,024$8,939$7,961$4,994
12 years$11,391$10,077$8,896$7,840$6,899$4,114
13 years$10,407$9,106$7,948$6,922$6,016$3,406
14 years$9,564$8,277$7,142$6,144$5,273$2,831
15 years$8,834$7,562$6,448$5,480$4,643$2,362
16 years$8,196$6,938$5,846$4,907$4,104$1,976
17 years$7,634$6,389$5,320$4,408$3,638$1,656
18 years$7,135$5,904$4,856$3,973$3,235$1,391
19 years$6,689$5,472$4,446$3,590$2,884$1,170
20 years$6,288$5,085$4,080$3,251$2,576$986
21 years$5,925$4,736$3,753$2,951$2,305$831
22 years$5,596$4,421$3,459$2,683$2,066$702
23 years$5,296$4,135$3,194$2,443$1,855$593
24 years$5,022$3,874$2,953$2,229$1,667$501
25 years$4,770$3,636$2,736$2,035$1,500$424
26 years$4,537$3,417$2,537$1,861$1,351$358
27 years$4,322$3,216$2,356$1,703$1,218$303
28 years$4,123$3,030$2,190$1,561$1,099$257
29 years$3,938$2,859$2,038$1,431$993$217
30 years$3,766$2,700$1,898$1,313$897$184
31 years$3,605$2,552$1,770$1,206$811$156
32 years$3,454$2,415$1,651$1,109$733$132
33 years$3,313$2,287$1,542$1,019$664$112
34 years$3,180$2,167$1,441$938$601$95
35 years$3,056$2,056$1,347$863$544$81
36 years$2,938$1,951$1,260$795$493$68
37 years$2,827$1,853$1,179$733$447$58
38 years$2,722$1,761$1,104$675$405$49
39 years$2,623$1,675$1,035$623$367$42
40 years$2,529$1,593$970$574$333$35
41 years$2,440$1,517$909$530$302$30
42 years$2,355$1,444$853$489$274$25
43 years$2,275$1,376$800$451$249$22
44 years$2,198$1,312$751$417$226$18
45 years$2,125$1,251$705$385$205$15
46 years$2,055$1,193$663$356$186$13
47 years$1,989$1,139$622$329$169$11
48 years$1,925$1,087$585$304$154$9
49 years$1,864$1,038$550$281$140$8
50 years$1,806$992$517$259$127$7

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 $5,490 every year, while hoping to spend $59,148 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: 46/34/20 Blend
62$1,850,000$1,850,000$1,850,000$1,850,000
63$2,044,363$1,946,313$1,917,638$2,126,478
64$2,189,955$1,978,749$1,918,946$2,216,942
65$2,348,415$2,010,793$1,918,315$2,308,706
66$2,520,993$2,042,361$1,915,618$2,407,035
67$2,709,065$2,073,367$1,910,722$2,512,567
68$2,914,144$2,103,717$1,903,486$2,626,007
69$3,137,898$2,133,310$1,893,764$2,748,135
70$3,382,159$2,162,038$1,881,400$2,879,809
71$3,648,947$2,189,786$1,866,235$3,021,979
72$3,940,484$2,216,430$1,848,099$3,175,693
73$4,259,218$2,241,839$1,826,814$3,342,106
74$4,607,842$2,265,873$1,802,196$3,522,498
75$4,989,322$2,288,381$1,774,050$3,718,278
76$5,406,924$2,309,203$1,742,172$3,931,003
77$5,864,246$2,328,170$1,706,351$4,162,391
78$6,365,248$2,345,099$1,666,362$4,414,340
79$6,914,292$2,359,798$1,621,974$4,688,943
80$7,516,182$2,372,060$1,572,942$4,988,514
81$8,176,208$2,381,666$1,519,012$5,315,602
82$8,900,199$2,388,385$1,459,916$5,673,025
83$9,694,572$2,391,969$1,395,376$6,063,889
84$10,566,398$2,392,155$1,325,100$6,491,626
85$11,523,463$2,388,663$1,248,784$6,960,021
86$12,574,347$2,381,198$1,166,109$7,473,251
87$13,728,499$2,369,446$1,076,742$8,035,926
88$14,996,329$2,353,072$980,336$8,653,132
89$16,389,305$2,331,722$876,528$9,330,481
90$17,920,060$2,305,022$764,937$10,074,165
91$19,602,511$2,272,574$645,168$10,891,016
92$21,451,993$2,233,956$516,807$11,788,571
93$23,485,398$2,188,721$379,421$12,775,146
94$25,721,337$2,136,397$232,560$13,859,912
95$28,180,315$2,076,482$75,753$15,052,989
96$30,884,924$2,008,447$0$16,365,539
97$33,860,055$1,931,730$0$17,829,419
98$37,133,133$1,845,737$0$19,457,184
99$40,734,375$1,749,840$0$21,247,747
100$44,697,073$1,643,374$0$23,217,745