Can I retire at age 63 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$157,726$156,321$154,950$153,612$152,306$150,030
2 years$78,082$76,628$75,219$73,852$72,527$70,239
3 years$51,538$50,077$48,671$47,318$46,014$43,785
4 years$38,268$36,812$35,420$34,090$32,818$30,665
5 years$30,308$28,861$27,488$26,184$24,947$22,878
6 years$25,004$23,567$22,214$20,940$19,740$17,756
7 years$21,216$19,792$18,460$17,216$16,054$14,155
8 years$18,377$16,965$15,656$14,442$13,318$11,505
9 years$16,169$14,771$13,484$12,301$11,216$9,487
10 years$14,405$13,020$11,756$10,604$9,557$7,911
11 years$12,962$11,591$10,350$9,228$8,219$6,655
12 years$11,760$10,404$9,185$8,095$7,122$5,638
13 years$10,744$9,402$8,206$7,146$6,211$4,804
14 years$9,874$8,546$7,373$6,344$5,444$4,113
15 years$9,121$7,807$6,657$5,657$4,794$3,535
16 years$8,462$7,163$6,036$5,066$4,237$3,049
17 years$7,882$6,597$5,492$4,551$3,756$2,637
18 years$7,366$6,095$5,014$4,102$3,340$2,286
19 years$6,906$5,649$4,590$3,706$2,977$1,985
20 years$6,491$5,250$4,212$3,357$2,659$1,728
21 years$6,117$4,890$3,874$3,046$2,380$1,506
22 years$5,778$4,564$3,571$2,770$2,133$1,314
23 years$5,468$4,269$3,297$2,523$1,915$1,148
24 years$5,185$4,000$3,049$2,301$1,721$1,003
25 years$4,924$3,754$2,824$2,101$1,549$878
26 years$4,684$3,528$2,619$1,921$1,395$769
27 years$4,463$3,320$2,432$1,759$1,258$674
28 years$4,257$3,128$2,261$1,611$1,135$591
29 years$4,066$2,951$2,104$1,478$1,025$518
30 years$3,888$2,787$1,960$1,356$926$455
31 years$3,722$2,635$1,827$1,245$837$399
32 years$3,566$2,493$1,705$1,145$757$351
33 years$3,421$2,361$1,592$1,052$685$308
34 years$3,284$2,238$1,487$968$620$271
35 years$3,155$2,122$1,391$891$562$238
36 years$3,034$2,014$1,301$821$509$209
37 years$2,919$1,913$1,218$756$461$184
38 years$2,811$1,818$1,140$697$418$162
39 years$2,708$1,729$1,068$643$379$142
40 years$2,611$1,645$1,001$593$344$125
41 years$2,519$1,566$939$547$312$110
42 years$2,432$1,491$881$505$283$97
43 years$2,349$1,421$826$466$257$85
44 years$2,269$1,354$776$430$233$75
45 years$2,194$1,292$728$397$212$66
46 years$2,122$1,232$684$367$192$58
47 years$2,053$1,176$643$339$175$51
48 years$1,988$1,122$604$313$159$45
49 years$1,925$1,072$568$290$144$40
50 years$1,865$1,024$534$268$131$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,910,000, adding $3,502 every year, while hoping to spend $37,202 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: 28/42/30 Blend
62$1,910,000$1,910,000$1,910,000$1,910,000
63$2,108,432$2,007,202$1,977,597$2,147,851
64$2,283,910$2,065,973$2,004,264$2,238,714
65$2,476,039$2,126,376$2,030,578$2,332,843
66$2,686,479$2,188,453$2,056,486$2,433,235
67$2,917,058$2,252,244$2,081,936$2,540,457
68$3,169,787$2,317,794$2,106,870$2,655,131
69$3,446,883$2,385,143$2,131,228$2,777,940
70$3,750,787$2,454,337$2,154,946$2,909,638
71$4,084,187$2,525,420$2,177,957$3,051,053
72$4,450,045$2,598,436$2,200,189$3,203,096
73$4,851,623$2,673,432$2,221,568$3,366,772
74$5,292,513$2,750,455$2,242,015$3,543,185
75$5,776,673$2,829,551$2,261,447$3,733,551
76$6,308,464$2,910,770$2,279,776$3,939,210
77$6,892,689$2,994,159$2,296,910$4,161,638
78$7,534,639$3,079,768$2,312,752$4,402,458
79$8,240,142$3,167,647$2,327,199$4,663,459
80$9,015,622$3,257,847$2,340,146$4,946,613
81$9,868,153$3,350,419$2,351,478$5,254,090
82$10,805,529$3,445,414$2,361,077$5,588,281
83$11,836,339$3,542,885$2,368,819$5,951,821
84$12,970,043$3,642,884$2,374,572$6,347,611
85$14,217,067$3,745,465$2,378,200$6,778,850
86$15,588,896$3,850,681$2,379,558$7,249,060
87$17,098,185$3,958,586$2,378,494$7,762,123
88$18,758,876$4,069,233$2,374,851$8,322,316
89$20,586,334$4,182,678$2,368,460$8,934,352
90$22,597,485$4,298,973$2,359,148$9,603,423
91$24,810,980$4,418,175$2,346,732$10,335,253
92$27,247,372$4,540,337$2,331,019$11,136,146
93$29,929,303$4,665,514$2,311,808$12,013,053
94$32,881,728$4,793,759$2,288,889$12,973,631
95$36,132,137$4,925,127$2,262,040$14,026,318
96$39,710,828$5,059,671$2,231,031$15,180,415
97$43,651,181$5,197,443$2,195,619$16,446,170
98$47,989,981$5,338,497$2,155,551$17,834,877
99$52,767,759$5,482,883$2,110,562$19,358,985
100$58,029,178$5,630,653$2,060,374$21,032,211