Can I retire at age 63 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$159,378$157,958$156,573$155,221$153,901$148,440
2 years$78,900$77,430$76,006$74,625$73,286$67,843
3 years$52,077$50,602$49,181$47,813$46,496$41,241
4 years$38,669$37,198$35,791$34,447$33,161$28,135
5 years$30,626$29,163$27,775$26,458$25,209$20,424
6 years$25,265$23,814$22,447$21,159$19,947$15,408
7 years$21,438$19,999$18,653$17,396$16,222$11,927
8 years$18,569$17,143$15,819$14,593$13,458$9,404
9 years$16,339$14,926$13,625$12,430$11,333$7,515
10 years$14,555$13,156$11,879$10,715$9,657$6,067
11 years$13,097$11,712$10,458$9,325$8,305$4,937
12 years$11,883$10,512$9,281$8,179$7,197$4,043
13 years$10,857$9,500$8,292$7,221$6,276$3,327
14 years$9,977$8,635$7,451$6,410$5,501$2,748
15 years$9,216$7,889$6,727$5,717$4,844$2,278
16 years$8,551$7,238$6,099$5,119$4,281$1,893
17 years$7,964$6,666$5,550$4,599$3,796$1,577
18 years$7,443$6,159$5,066$4,145$3,375$1,315
19 years$6,978$5,708$4,638$3,745$3,008$1,099
20 years$6,559$5,305$4,256$3,392$2,687$919
21 years$6,181$4,941$3,915$3,078$2,405$770
22 years$5,838$4,612$3,608$2,799$2,155$645
23 years$5,525$4,314$3,332$2,549$1,935$541
24 years$5,239$4,042$3,081$2,325$1,739$454
25 years$4,976$3,793$2,854$2,123$1,565$381
26 years$4,733$3,565$2,647$1,941$1,410$320
27 years$4,509$3,355$2,458$1,777$1,271$269
28 years$4,302$3,161$2,285$1,628$1,147$226
29 years$4,108$2,982$2,126$1,493$1,035$190
30 years$3,929$2,816$1,980$1,370$936$160
31 years$3,761$2,662$1,846$1,258$846$134
32 years$3,604$2,519$1,723$1,157$765$113
33 years$3,456$2,386$1,608$1,064$692$95
34 years$3,318$2,261$1,503$979$627$80
35 years$3,188$2,145$1,405$901$568$67
36 years$3,065$2,036$1,314$830$515$57
37 years$2,950$1,933$1,230$764$466$48
38 years$2,840$1,837$1,152$705$423$40
39 years$2,737$1,747$1,079$650$383$34
40 years$2,639$1,662$1,012$599$348$28
41 years$2,546$1,582$949$553$315$24
42 years$2,457$1,507$890$510$286$20
43 years$2,373$1,436$835$471$260$17
44 years$2,293$1,369$784$435$236$14
45 years$2,217$1,305$736$402$214$12
46 years$2,144$1,245$691$371$194$10
47 years$2,075$1,188$649$343$176$9
48 years$2,008$1,134$610$317$160$7
49 years$1,945$1,083$574$293$146$6
50 years$1,884$1,035$539$271$132$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,930,000, adding $6,893 every year, while hoping to spend $38,254 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: 80/10/10 Blend
62$1,930,000$1,930,000$1,930,000$1,930,000
63$2,133,970$2,031,680$2,001,765$2,300,675
64$2,310,933$2,090,530$2,028,122$2,469,879
65$2,504,664$2,150,982$2,054,080$2,649,812
66$2,716,833$2,213,074$2,079,585$2,846,128
67$2,949,280$2,276,844$2,104,581$3,060,448
68$3,204,028$2,342,331$2,129,006$3,294,555
69$3,483,310$2,409,576$2,152,799$3,550,413
70$3,789,581$2,478,619$2,175,891$3,830,185
71$4,125,548$2,549,501$2,198,213$4,136,254
72$4,494,190$2,622,262$2,219,689$4,471,245
73$4,898,790$2,696,946$2,240,242$4,838,046
74$5,342,965$2,773,595$2,259,788$5,239,844
75$5,830,697$2,852,251$2,278,241$5,680,144
76$6,366,374$2,932,957$2,295,508$6,162,810
77$6,954,831$3,015,759$2,311,494$6,692,098
78$7,601,391$3,100,698$2,326,096$7,272,697
79$8,311,921$3,187,821$2,339,209$7,909,773
80$9,092,884$3,277,171$2,350,719$8,609,015
81$9,951,399$3,368,793$2,360,509$9,376,694
82$10,895,310$3,462,732$2,368,454$10,219,717
83$11,933,260$3,559,034$2,374,426$11,145,694
84$13,074,769$3,657,743$2,378,286$12,163,009
85$14,330,328$3,758,905$2,379,891$13,280,902
86$15,711,495$3,862,565$2,379,091$14,509,551
87$17,231,004$3,968,768$2,375,727$15,860,172
88$18,902,887$4,077,558$2,369,635$17,345,121
89$20,742,604$4,188,980$2,360,639$18,978,016
90$22,767,187$4,303,078$2,348,558$20,773,859
91$24,995,406$4,419,895$2,333,201$22,749,182
92$27,447,941$4,539,474$2,314,367$24,922,201
93$30,147,580$4,661,856$2,291,847$27,312,987
94$33,119,430$4,787,084$2,265,421$29,943,659
95$36,391,158$4,915,198$2,234,859$32,838,587
96$39,993,249$5,046,235$2,199,919$36,024,626
97$43,959,294$5,180,235$2,160,350$39,531,370
98$48,326,308$5,317,232$2,115,888$43,391,426
99$53,135,077$5,457,262$2,066,256$47,640,727
100$58,430,545$5,600,358$2,011,165$52,318,869