Can I retire at age 63 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$153,597$152,229$150,894$149,591$148,319$142,603
2 years$76,038$74,622$73,250$71,919$70,628$64,938
3 years$50,189$48,766$47,397$46,079$44,809$39,323
4 years$37,266$35,848$34,493$33,197$31,958$26,719
5 years$29,515$28,106$26,768$25,499$24,294$19,314
6 years$24,349$22,950$21,633$20,392$19,223$14,506
7 years$20,661$19,274$17,977$16,765$15,634$11,178
8 years$17,896$16,521$15,246$14,064$12,970$8,771
9 years$15,746$14,385$13,131$11,979$10,922$6,975
10 years$14,027$12,679$11,448$10,326$9,306$5,603
11 years$12,622$11,288$10,079$8,987$8,004$4,536
12 years$11,452$10,131$8,945$7,883$6,936$3,694
13 years$10,463$9,156$7,991$6,959$6,048$3,023
14 years$9,615$8,322$7,180$6,178$5,302$2,484
15 years$8,882$7,602$6,483$5,509$4,668$2,047
16 years$8,241$6,975$5,878$4,933$4,126$1,691
17 years$7,675$6,424$5,348$4,432$3,658$1,400
18 years$7,173$5,936$4,882$3,994$3,253$1,161
19 years$6,725$5,501$4,470$3,609$2,899$964
20 years$6,322$5,112$4,102$3,269$2,590$802
21 years$5,957$4,762$3,773$2,967$2,317$667
22 years$5,626$4,445$3,477$2,697$2,077$556
23 years$5,325$4,157$3,211$2,457$1,865$463
24 years$5,049$3,895$2,969$2,241$1,676$386
25 years$4,795$3,655$2,750$2,046$1,508$322
26 years$4,562$3,435$2,551$1,871$1,358$269
27 years$4,346$3,233$2,369$1,713$1,225$224
28 years$4,146$3,047$2,202$1,569$1,105$187
29 years$3,959$2,874$2,049$1,439$998$157
30 years$3,786$2,714$1,909$1,321$902$131
31 years$3,624$2,566$1,779$1,213$815$109
32 years$3,473$2,428$1,660$1,115$737$91
33 years$3,331$2,299$1,550$1,025$667$76
34 years$3,198$2,179$1,448$943$604$64
35 years$3,072$2,067$1,354$868$547$53
36 years$2,954$1,962$1,267$800$496$45
37 years$2,843$1,863$1,186$737$449$37
38 years$2,737$1,771$1,110$679$407$31
39 years$2,637$1,684$1,040$626$369$26
40 years$2,543$1,602$975$577$335$22
41 years$2,453$1,525$914$533$304$18
42 years$2,368$1,452$858$492$276$15
43 years$2,287$1,384$805$454$250$13
44 years$2,210$1,319$755$419$227$11
45 years$2,136$1,258$709$387$206$9
46 years$2,066$1,200$666$358$187$7
47 years$2,000$1,145$626$330$170$6
48 years$1,936$1,093$588$305$154$5
49 years$1,874$1,044$553$282$140$4
50 years$1,816$997$520$261$127$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,860,000, adding $4,501 every year, while hoping to spend $40,129 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: 38/36/26 Blend
62$1,860,000$1,860,000$1,860,000$1,860,000
63$2,054,363$1,955,783$1,926,953$2,116,356
64$2,221,211$2,008,919$1,948,809$2,215,247
65$2,403,732$2,063,314$1,970,052$2,318,017
66$2,603,484$2,118,988$1,990,619$2,428,307
67$2,822,179$2,175,958$2,010,445$2,546,822
68$3,061,705$2,234,243$2,029,459$2,674,342
69$3,324,140$2,293,862$2,047,586$2,811,724
70$3,611,773$2,354,832$2,064,751$2,959,913
71$3,927,124$2,417,169$2,080,871$3,119,947
72$4,272,970$2,480,890$2,095,859$3,292,973
73$4,652,369$2,546,009$2,109,626$3,480,254
74$5,068,688$2,612,542$2,122,077$3,683,178
75$5,525,638$2,680,500$2,133,110$3,903,278
76$6,027,305$2,749,896$2,142,621$4,142,242
77$6,578,191$2,820,742$2,150,499$4,401,929
78$7,183,254$2,893,046$2,156,629$4,684,389
79$7,847,958$2,966,817$2,160,888$4,991,878
80$8,578,319$3,042,060$2,163,147$5,326,886
81$9,380,968$3,118,782$2,163,273$5,692,154
82$10,263,209$3,196,985$2,161,125$6,090,705
83$11,233,088$3,276,669$2,156,554$6,525,868
84$12,299,470$3,357,832$2,149,406$7,001,314
85$13,472,123$3,440,473$2,139,518$7,521,088
86$14,761,806$3,524,582$2,126,718$8,089,648
87$16,180,376$3,610,153$2,110,829$8,711,906
88$17,740,895$3,697,171$2,091,663$9,393,280
89$19,457,756$3,785,622$2,069,023$10,139,736
90$21,346,817$3,875,487$2,042,705$10,957,854
91$23,425,549$3,966,743$2,012,492$11,854,883
92$25,713,205$4,059,363$1,978,161$12,838,816
93$28,230,996$4,153,317$1,939,474$13,918,460
94$31,002,296$4,248,568$1,896,185$15,103,523
95$34,052,859$4,345,076$1,848,035$16,404,706
96$37,411,061$4,442,795$1,794,755$17,833,802
97$41,108,172$4,541,674$1,736,061$19,403,809
98$45,178,645$4,641,656$1,671,659$21,129,056
99$49,660,445$4,742,676$1,601,238$23,025,332
100$54,595,407$4,844,663$1,524,476$25,110,044