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%11.4%
1 years$159,378$157,958$156,573$155,221$153,901$152,995
2 years$78,900$77,430$76,006$74,625$73,286$72,372
3 years$52,077$50,602$49,181$47,813$46,496$45,602
4 years$38,669$37,198$35,791$34,447$33,161$32,295
5 years$30,626$29,163$27,775$26,458$25,209$24,372
6 years$25,265$23,814$22,447$21,159$19,947$19,141
7 years$21,438$19,999$18,653$17,396$16,222$15,447
8 years$18,569$17,143$15,819$14,593$13,458$12,714
9 years$16,339$14,926$13,625$12,430$11,333$10,621
10 years$14,555$13,156$11,879$10,715$9,657$8,975
11 years$13,097$11,712$10,458$9,325$8,305$7,653
12 years$11,883$10,512$9,281$8,179$7,197$6,575
13 years$10,857$9,500$8,292$7,221$6,276$5,683
14 years$9,977$8,635$7,451$6,410$5,501$4,937
15 years$9,216$7,889$6,727$5,717$4,844$4,307
16 years$8,551$7,238$6,099$5,119$4,281$3,771
17 years$7,964$6,666$5,550$4,599$3,796$3,312
18 years$7,443$6,159$5,066$4,145$3,375$2,916
19 years$6,978$5,708$4,638$3,745$3,008$2,574
20 years$6,559$5,305$4,256$3,392$2,687$2,276
21 years$6,181$4,941$3,915$3,078$2,405$2,016
22 years$5,838$4,612$3,608$2,799$2,155$1,789
23 years$5,525$4,314$3,332$2,549$1,935$1,589
24 years$5,239$4,042$3,081$2,325$1,739$1,413
25 years$4,976$3,793$2,854$2,123$1,565$1,258
26 years$4,733$3,565$2,647$1,941$1,410$1,121
27 years$4,509$3,355$2,458$1,777$1,271$1,000
28 years$4,302$3,161$2,285$1,628$1,147$892
29 years$4,108$2,982$2,126$1,493$1,035$797
30 years$3,929$2,816$1,980$1,370$936$712
31 years$3,761$2,662$1,846$1,258$846$636
32 years$3,604$2,519$1,723$1,157$765$569
33 years$3,456$2,386$1,608$1,064$692$509
34 years$3,318$2,261$1,503$979$627$456
35 years$3,188$2,145$1,405$901$568$408
36 years$3,065$2,036$1,314$830$515$365
37 years$2,950$1,933$1,230$764$466$327
38 years$2,840$1,837$1,152$705$423$293
39 years$2,737$1,747$1,079$650$383$263
40 years$2,639$1,662$1,012$599$348$236
41 years$2,546$1,582$949$553$315$211
42 years$2,457$1,507$890$510$286$189
43 years$2,373$1,436$835$471$260$170
44 years$2,293$1,369$784$435$236$152
45 years$2,217$1,305$736$402$214$137
46 years$2,144$1,245$691$371$194$122
47 years$2,075$1,188$649$343$176$110
48 years$2,008$1,134$610$317$160$99
49 years$1,945$1,083$574$293$146$88
50 years$1,884$1,035$539$271$132$79

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 $4,814 every year, while hoping to spend $46,017 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: 54/40/6 Blend
62$1,930,000$1,930,000$1,930,000$1,930,000
63$2,131,826$2,029,536$1,999,621$2,243,816
64$2,300,310$2,080,021$2,017,646$2,370,515
65$2,484,438$2,131,438$2,034,733$2,502,838
66$2,685,755$2,183,784$2,050,802$2,645,720
67$2,905,967$2,237,053$2,065,768$2,800,169
68$3,146,947$2,291,240$2,079,543$2,967,293
69$3,410,761$2,346,336$2,092,033$3,148,310
70$3,699,683$2,402,331$2,103,140$3,344,564
71$4,016,217$2,459,212$2,112,762$3,557,534
72$4,363,122$2,516,964$2,120,790$3,788,847
73$4,743,434$2,575,569$2,127,110$4,040,297
74$5,160,499$2,635,007$2,131,604$4,313,860
75$5,618,002$2,695,254$2,134,144$4,611,709
76$6,120,001$2,756,284$2,134,601$4,936,241
77$6,670,965$2,818,067$2,132,834$5,290,096
78$7,275,821$2,880,569$2,128,701$5,676,179
79$7,939,990$2,943,753$2,122,048$6,097,695
80$8,669,449$3,007,577$2,112,717$6,558,172
81$9,470,779$3,071,994$2,100,540$7,061,496
82$10,351,233$3,136,956$2,085,341$7,611,952
83$11,318,797$3,202,405$2,066,939$8,214,258
84$12,382,272$3,268,281$2,045,139$8,873,614
85$13,551,354$3,334,517$2,019,742$9,595,749
86$14,836,724$3,401,040$1,990,535$10,386,976
87$16,250,151$3,467,772$1,957,299$11,254,252
88$17,804,599$3,534,626$1,919,802$12,205,241
89$19,514,355$3,601,510$1,877,802$13,248,392
90$21,395,157$3,668,322$1,831,046$14,393,011
91$23,464,347$3,734,953$1,779,269$15,649,357
92$25,741,031$3,801,286$1,722,195$17,028,733
93$28,246,261$3,867,194$1,659,534$18,543,597
94$31,003,233$3,932,540$1,590,982$20,207,675
95$34,037,506$3,997,177$1,516,223$22,036,096
96$37,377,241$4,060,948$1,434,925$24,045,532
97$41,053,468$4,123,683$1,346,744$26,254,356
98$45,100,378$4,185,200$1,251,316$28,682,815
99$49,555,646$4,245,305$1,148,265$31,353,225
100$54,460,785$4,303,787$1,037,195$34,290,177