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%14.6%
1 years$157,726$156,321$154,950$153,612$152,306$149,414
2 years$78,082$76,628$75,219$73,852$72,527$69,625
3 years$51,538$50,077$48,671$47,318$46,014$43,192
4 years$38,268$36,812$35,420$34,090$32,818$30,097
5 years$30,308$28,861$27,488$26,184$24,947$22,337
6 years$25,004$23,567$22,214$20,940$19,740$17,242
7 years$21,216$19,792$18,460$17,216$16,054$13,669
8 years$18,377$16,965$15,656$14,442$13,318$11,046
9 years$16,169$14,771$13,484$12,301$11,216$9,054
10 years$14,405$13,020$11,756$10,604$9,557$7,504
11 years$12,962$11,591$10,350$9,228$8,219$6,273
12 years$11,760$10,404$9,185$8,095$7,122$5,280
13 years$10,744$9,402$8,206$7,146$6,211$4,470
14 years$9,874$8,546$7,373$6,344$5,444$3,801
15 years$9,121$7,807$6,657$5,657$4,794$3,245
16 years$8,462$7,163$6,036$5,066$4,237$2,779
17 years$7,882$6,597$5,492$4,551$3,756$2,386
18 years$7,366$6,095$5,014$4,102$3,340$2,053
19 years$6,906$5,649$4,590$3,706$2,977$1,771
20 years$6,491$5,250$4,212$3,357$2,659$1,529
21 years$6,117$4,890$3,874$3,046$2,380$1,323
22 years$5,778$4,564$3,571$2,770$2,133$1,145
23 years$5,468$4,269$3,297$2,523$1,915$993
24 years$5,185$4,000$3,049$2,301$1,721$861
25 years$4,924$3,754$2,824$2,101$1,549$748
26 years$4,684$3,528$2,619$1,921$1,395$650
27 years$4,463$3,320$2,432$1,759$1,258$565
28 years$4,257$3,128$2,261$1,611$1,135$491
29 years$4,066$2,951$2,104$1,478$1,025$427
30 years$3,888$2,787$1,960$1,356$926$372
31 years$3,722$2,635$1,827$1,245$837$324
32 years$3,566$2,493$1,705$1,145$757$282
33 years$3,421$2,361$1,592$1,052$685$246
34 years$3,284$2,238$1,487$968$620$214
35 years$3,155$2,122$1,391$891$562$187
36 years$3,034$2,014$1,301$821$509$163
37 years$2,919$1,913$1,218$756$461$142
38 years$2,811$1,818$1,140$697$418$124
39 years$2,708$1,729$1,068$643$379$108
40 years$2,611$1,645$1,001$593$344$94
41 years$2,519$1,566$939$547$312$82
42 years$2,432$1,491$881$505$283$72
43 years$2,349$1,421$826$466$257$62
44 years$2,269$1,354$776$430$233$54
45 years$2,194$1,292$728$397$212$47
46 years$2,122$1,232$684$367$192$41
47 years$2,053$1,176$643$339$175$36
48 years$1,988$1,122$604$313$159$32
49 years$1,925$1,072$568$290$144$27
50 years$1,865$1,024$534$268$131$24

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 $6,145 every year, while hoping to spend $49,045 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: 56/34/10 Blend
62$1,910,000$1,910,000$1,910,000$1,910,000
63$2,111,159$2,009,929$1,980,324$2,223,877
64$2,274,313$2,056,232$1,994,481$2,347,054
65$2,452,466$2,103,160$2,007,469$2,475,202
66$2,647,095$2,150,692$2,019,196$2,613,607
67$2,859,826$2,198,804$2,029,567$2,763,255
68$3,092,453$2,247,469$2,038,482$2,925,231
69$3,346,946$2,296,658$2,045,834$3,100,731
70$3,625,479$2,346,338$2,051,514$3,291,072
71$3,930,441$2,396,473$2,055,403$3,497,707
72$4,264,468$2,447,021$2,057,380$3,722,231
73$4,630,458$2,497,940$2,057,317$3,966,408
74$5,031,606$2,549,181$2,055,079$4,232,177
75$5,471,430$2,600,691$2,050,525$4,521,675
76$5,953,804$2,652,413$2,043,505$4,837,257
77$6,482,996$2,704,284$2,033,866$5,181,520
78$7,063,704$2,756,238$2,021,444$5,557,323
79$7,701,108$2,808,199$2,006,068$5,967,816
80$8,400,909$2,860,089$1,987,559$6,416,473
81$9,169,390$2,911,821$1,965,730$6,907,122
82$10,013,471$2,963,304$1,940,386$7,443,978
83$10,940,776$3,014,436$1,911,319$8,031,691
84$11,959,702$3,065,111$1,878,316$8,675,382
85$13,079,503$3,115,212$1,841,150$9,380,697
86$14,310,370$3,164,616$1,799,587$10,153,858
87$15,663,533$3,213,188$1,753,379$11,001,721
88$17,151,365$3,260,785$1,702,268$11,931,844
89$18,787,496$3,307,255$1,645,985$12,952,557
90$20,586,942$3,352,432$1,584,248$14,073,039
91$22,566,250$3,396,141$1,516,760$15,303,408
92$24,743,650$3,438,195$1,443,214$16,654,816
93$27,139,228$3,478,392$1,363,287$18,139,553
94$29,775,114$3,516,518$1,276,642$19,771,166
95$32,675,692$3,552,344$1,182,926$21,564,585
96$35,867,830$3,585,626$1,081,772$23,536,265
97$39,381,132$3,616,105$972,794$25,704,343
98$43,248,216$3,643,502$855,591$28,088,809
99$47,505,024$3,667,524$729,744$30,711,696
100$52,191,160$3,687,856$594,813$33,597,286