Can I retire at age 63 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$155,249$153,866$152,517$151,200$149,914$146,290
2 years$76,856$75,424$74,037$72,692$71,388$67,758
3 years$50,728$49,291$47,907$46,575$45,291$41,770
4 years$37,667$36,234$34,864$33,554$32,302$28,916
5 years$29,832$28,408$27,056$25,773$24,556$21,314
6 years$24,611$23,197$21,865$20,611$19,430$16,336
7 years$20,883$19,481$18,170$16,945$15,802$12,856
8 years$18,088$16,699$15,410$14,215$13,109$10,311
9 years$15,915$14,539$13,272$12,108$11,040$8,386
10 years$14,178$12,816$11,571$10,437$9,406$6,895
11 years$12,758$11,409$10,187$9,084$8,090$5,716
12 years$11,575$10,240$9,041$7,967$7,010$4,771
13 years$10,575$9,254$8,077$7,034$6,113$4,004
14 years$9,719$8,412$7,257$6,244$5,359$3,375
15 years$8,977$7,684$6,553$5,569$4,718$2,855
16 years$8,329$7,050$5,941$4,986$4,170$2,423
17 years$7,758$6,493$5,406$4,480$3,697$2,061
18 years$7,250$6,000$4,935$4,037$3,288$1,757
19 years$6,797$5,560$4,518$3,648$2,930$1,500
20 years$6,390$5,167$4,146$3,304$2,617$1,283
21 years$6,021$4,813$3,814$2,999$2,342$1,099
22 years$5,687$4,493$3,515$2,726$2,100$942
23 years$5,382$4,202$3,245$2,483$1,885$808
24 years$5,103$3,937$3,001$2,265$1,694$694
25 years$4,847$3,695$2,780$2,068$1,524$596
26 years$4,611$3,472$2,578$1,891$1,373$513
27 years$4,392$3,268$2,394$1,731$1,238$441
28 years$4,190$3,079$2,226$1,586$1,117$380
29 years$4,002$2,905$2,071$1,454$1,009$327
30 years$3,827$2,743$1,929$1,335$911$281
31 years$3,663$2,593$1,799$1,226$824$242
32 years$3,510$2,454$1,678$1,127$745$209
33 years$3,367$2,324$1,567$1,036$675$180
34 years$3,232$2,203$1,464$953$611$155
35 years$3,105$2,089$1,369$877$553$134
36 years$2,986$1,983$1,280$808$501$115
37 years$2,873$1,883$1,198$745$454$99
38 years$2,767$1,790$1,122$686$412$86
39 years$2,666$1,702$1,051$633$373$74
40 years$2,570$1,619$985$584$339$64
41 years$2,480$1,541$924$538$307$55
42 years$2,394$1,468$867$497$279$47
43 years$2,312$1,399$813$459$253$41
44 years$2,234$1,333$764$424$230$35
45 years$2,159$1,271$717$391$209$30
46 years$2,089$1,213$673$361$189$26
47 years$2,021$1,157$633$334$172$23
48 years$1,956$1,105$594$308$156$20
49 years$1,895$1,055$559$285$142$17
50 years$1,836$1,008$525$264$129$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,880,000, adding $3,566 every year, while hoping to spend $47,041 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: 43/39/18 Blend
62$1,880,000$1,880,000$1,880,000$1,880,000
63$2,075,438$1,975,798$1,946,658$2,153,669
64$2,237,082$2,022,561$1,961,820$2,255,925
65$2,413,636$2,070,039$1,975,913$2,361,741
66$2,606,573$2,118,217$1,988,852$2,475,395
67$2,817,512$2,167,078$2,000,547$2,597,631
68$3,048,236$2,216,602$2,010,903$2,729,269
69$3,300,709$2,266,769$2,019,822$2,871,212
70$3,577,094$2,317,553$2,027,198$3,024,455
71$3,879,770$2,368,926$2,032,922$3,190,094
72$4,211,361$2,420,857$2,036,879$3,369,339
73$4,574,753$2,473,313$2,038,948$3,563,520
74$4,973,127$2,526,254$2,039,002$3,774,107
75$5,409,986$2,579,640$2,036,908$4,002,716
76$5,889,186$2,633,424$2,032,526$4,251,131
77$6,414,977$2,687,556$2,025,710$4,521,319
78$6,992,039$2,741,981$2,016,306$4,815,444
79$7,625,528$2,796,639$2,004,153$5,135,898
80$8,321,123$2,851,465$1,989,083$5,485,312
81$9,085,078$2,906,388$1,970,918$5,866,588
82$9,924,285$2,961,330$1,949,473$6,282,928
83$10,846,337$3,016,210$1,924,555$6,737,857
84$11,859,595$3,070,936$1,895,959$7,235,265
85$12,973,274$3,125,412$1,863,474$7,779,439
86$14,197,525$3,179,534$1,826,877$8,375,105
87$15,543,530$3,233,189$1,785,935$9,027,472
88$17,023,610$3,286,255$1,740,404$9,742,284
89$18,651,339$3,338,602$1,690,028$10,525,874
90$20,441,673$3,390,091$1,634,542$11,385,220
91$22,411,090$3,440,572$1,573,665$12,328,019
92$24,577,745$3,489,884$1,507,107$13,362,754
93$26,961,642$3,537,855$1,434,562$14,498,776
94$29,584,820$3,584,301$1,355,711$15,746,396
95$32,471,565$3,629,025$1,270,220$17,116,978
96$35,648,635$3,671,817$1,177,743$18,623,052
97$39,145,512$3,712,453$1,077,914$20,278,429
98$42,994,684$3,750,692$970,353$22,098,334
99$47,231,945$3,786,279$854,663$24,099,553
100$51,896,738$3,818,942$730,429$26,300,585