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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$155,249$153,866$152,517$151,200$149,914$148,163
2 years$76,856$75,424$74,037$72,692$71,388$69,626
3 years$50,728$49,291$47,907$46,575$45,291$43,573
4 years$37,667$36,234$34,864$33,554$32,302$30,640
5 years$29,832$28,408$27,056$25,773$24,556$22,955
6 years$24,611$23,197$21,865$20,611$19,430$17,892
7 years$20,883$19,481$18,170$16,945$15,802$14,328
8 years$18,088$16,699$15,410$14,215$13,109$11,699
9 years$15,915$14,539$13,272$12,108$11,040$9,693
10 years$14,178$12,816$11,571$10,437$9,406$8,122
11 years$12,758$11,409$10,187$9,084$8,090$6,867
12 years$11,575$10,240$9,041$7,967$7,010$5,847
13 years$10,575$9,254$8,077$7,034$6,113$5,009
14 years$9,719$8,412$7,257$6,244$5,359$4,311
15 years$8,977$7,684$6,553$5,569$4,718$3,726
16 years$8,329$7,050$5,941$4,986$4,170$3,231
17 years$7,758$6,493$5,406$4,480$3,697$2,810
18 years$7,250$6,000$4,935$4,037$3,288$2,450
19 years$6,797$5,560$4,518$3,648$2,930$2,141
20 years$6,390$5,167$4,146$3,304$2,617$1,874
21 years$6,021$4,813$3,814$2,999$2,342$1,643
22 years$5,687$4,493$3,515$2,726$2,100$1,442
23 years$5,382$4,202$3,245$2,483$1,885$1,267
24 years$5,103$3,937$3,001$2,265$1,694$1,115
25 years$4,847$3,695$2,780$2,068$1,524$982
26 years$4,611$3,472$2,578$1,891$1,373$866
27 years$4,392$3,268$2,394$1,731$1,238$763
28 years$4,190$3,079$2,226$1,586$1,117$674
29 years$4,002$2,905$2,071$1,454$1,009$595
30 years$3,827$2,743$1,929$1,335$911$525
31 years$3,663$2,593$1,799$1,226$824$464
32 years$3,510$2,454$1,678$1,127$745$411
33 years$3,367$2,324$1,567$1,036$675$363
34 years$3,232$2,203$1,464$953$611$321
35 years$3,105$2,089$1,369$877$553$284
36 years$2,986$1,983$1,280$808$501$252
37 years$2,873$1,883$1,198$745$454$223
38 years$2,767$1,790$1,122$686$412$197
39 years$2,666$1,702$1,051$633$373$175
40 years$2,570$1,619$985$584$339$155
41 years$2,480$1,541$924$538$307$137
42 years$2,394$1,468$867$497$279$121
43 years$2,312$1,399$813$459$253$107
44 years$2,234$1,333$764$424$230$95
45 years$2,159$1,271$717$391$209$84
46 years$2,089$1,213$673$361$189$75
47 years$2,021$1,157$633$334$172$66
48 years$1,956$1,105$594$308$156$59
49 years$1,895$1,055$559$285$142$52
50 years$1,836$1,008$525$264$129$46

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 $3,898 every year, while hoping to spend $23,205 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: 76/12/12 Blend
62$1,880,000$1,880,000$1,880,000$1,880,000
63$2,075,781$1,976,141$1,947,001$2,228,380
64$2,262,820$2,048,282$1,987,535$2,401,648
65$2,468,161$2,123,180$2,028,650$2,588,219
66$2,693,643$2,200,946$2,070,340$2,792,095
67$2,941,297$2,281,695$2,112,599$3,014,988
68$3,213,358$2,365,547$2,155,420$3,258,786
69$3,512,290$2,452,627$2,198,795$3,525,565
70$3,840,804$2,543,066$2,242,715$3,817,612
71$4,201,889$2,637,000$2,287,170$4,137,448
72$4,598,839$2,734,570$2,332,147$4,487,846
73$5,035,281$2,835,925$2,377,635$4,871,862
74$5,515,212$2,941,218$2,423,618$5,292,861
75$6,043,036$3,050,609$2,470,081$5,754,549
76$6,623,603$3,164,267$2,517,007$6,261,009
77$7,262,260$3,282,365$2,564,376$6,816,737
78$7,964,896$3,405,087$2,612,168$7,426,685
79$8,738,001$3,532,621$2,660,361$8,096,312
80$9,588,724$3,665,166$2,708,929$8,831,625
81$10,524,942$3,802,928$2,757,847$9,639,248
82$11,555,338$3,946,123$2,807,087$10,526,472
83$12,689,475$4,094,976$2,856,616$11,501,333
84$13,937,891$4,249,720$2,906,403$12,572,683
85$15,312,201$4,410,600$2,956,412$13,750,275
86$16,825,197$4,577,872$3,006,604$15,044,851
87$18,490,981$4,751,801$3,056,939$16,468,250
88$20,325,088$4,932,666$3,107,373$18,033,512
89$22,344,636$5,120,756$3,157,860$19,755,005
90$24,568,490$5,316,374$3,208,348$21,648,560
91$27,017,434$5,519,835$3,258,787$23,731,620
92$29,714,375$5,731,469$3,309,118$26,023,401
93$32,684,549$5,951,619$3,359,282$28,545,077
94$35,955,770$6,180,645$3,409,215$31,319,980
95$39,558,683$6,418,922$3,458,848$34,373,814
96$43,527,060$6,666,839$3,508,110$37,734,904
97$47,898,112$6,924,807$3,556,924$41,434,458
98$52,712,848$7,193,251$3,605,209$45,506,864
99$58,016,454$7,472,616$3,652,880$49,990,014
100$63,858,725$7,763,367$3,699,844$54,925,659