Can I retire at age 63 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$163,507$162,050$160,629$159,242$157,888$154,259
2 years$80,944$79,436$77,975$76,559$75,185$71,549
3 years$53,427$51,913$50,455$49,052$47,700$44,171
4 years$39,671$38,161$36,718$35,339$34,020$30,624
5 years$31,419$29,919$28,495$27,144$25,862$22,609
6 years$25,920$24,431$23,028$21,707$20,463$17,357
7 years$21,994$20,517$19,137$17,847$16,642$13,683
8 years$19,050$17,587$16,229$14,971$13,806$10,993
9 years$16,762$15,313$13,978$12,752$11,627$8,957
10 years$14,932$13,497$12,187$10,992$9,907$7,378
11 years$13,437$12,016$10,729$9,567$8,520$6,129
12 years$12,191$10,785$9,522$8,391$7,383$5,126
13 years$11,138$9,746$8,507$7,408$6,438$4,310
14 years$10,236$8,859$7,644$6,576$5,644$3,640
15 years$9,455$8,093$6,901$5,865$4,969$3,086
16 years$8,772$7,425$6,257$5,251$4,392$2,624
17 years$8,170$6,838$5,693$4,718$3,894$2,237
18 years$7,636$6,319$5,197$4,252$3,463$1,911
19 years$7,159$5,856$4,758$3,842$3,086$1,636
20 years$6,729$5,442$4,367$3,480$2,757$1,402
21 years$6,342$5,069$4,016$3,158$2,467$1,204
22 years$5,989$4,732$3,702$2,871$2,211$1,034
23 years$5,668$4,425$3,418$2,615$1,985$889
24 years$5,375$4,146$3,161$2,385$1,784$766
25 years$5,105$3,891$2,928$2,178$1,605$659
26 years$4,856$3,657$2,715$1,992$1,446$568
27 years$4,626$3,442$2,521$1,823$1,304$490
28 years$4,413$3,243$2,344$1,670$1,176$423
29 years$4,215$3,059$2,181$1,532$1,062$365
30 years$4,030$2,889$2,032$1,406$960$315
31 years$3,858$2,731$1,894$1,291$868$272
32 years$3,697$2,584$1,767$1,186$785$235
33 years$3,546$2,448$1,650$1,091$710$203
34 years$3,404$2,320$1,542$1,004$643$175
35 years$3,270$2,200$1,441$924$583$152
36 years$3,145$2,088$1,348$851$528$131
37 years$3,026$1,983$1,262$784$478$113
38 years$2,914$1,885$1,182$723$434$98
39 years$2,808$1,792$1,107$666$393$85
40 years$2,707$1,705$1,038$615$357$73
41 years$2,612$1,623$973$567$324$63
42 years$2,521$1,546$913$523$294$55
43 years$2,435$1,473$857$483$267$47
44 years$2,353$1,404$804$446$242$41
45 years$2,274$1,339$755$412$220$35
46 years$2,200$1,277$709$381$199$31
47 years$2,129$1,219$666$352$181$26
48 years$2,060$1,164$626$325$164$23
49 years$1,995$1,111$588$300$149$20
50 years$1,933$1,061$553$278$136$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,980,000, adding $5,096 every year, while hoping to spend $35,524 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: 25/47/28 Blend
62$1,980,000$1,980,000$1,980,000$1,980,000
63$2,187,217$2,082,277$2,051,587$2,222,587
64$2,372,515$2,146,511$2,082,517$2,316,750
65$2,575,524$2,212,702$2,113,294$2,414,288
66$2,798,011$2,280,908$2,143,873$2,518,131
67$3,041,926$2,351,190$2,174,210$2,628,833
68$3,309,413$2,423,609$2,204,257$2,747,001
69$3,602,836$2,498,228$2,233,962$2,873,303
70$3,924,797$2,575,114$2,263,272$3,008,472
71$4,278,165$2,654,333$2,292,130$3,153,316
72$4,666,096$2,735,954$2,320,475$3,308,721
73$5,092,071$2,820,048$2,348,244$3,475,662
74$5,559,921$2,906,690$2,375,369$3,655,213
75$6,073,869$2,995,953$2,401,779$3,848,551
76$6,638,564$3,087,916$2,427,400$4,056,976
77$7,259,131$3,182,657$2,452,151$4,281,915
78$7,941,214$3,280,259$2,475,950$4,524,940
79$8,691,031$3,380,805$2,498,708$4,787,779
80$9,515,434$3,484,382$2,520,332$5,072,336
81$10,421,970$3,591,079$2,540,725$5,380,706
82$11,418,956$3,700,986$2,559,784$5,715,195
83$12,515,554$3,814,199$2,577,401$6,078,344
84$13,721,858$3,930,813$2,593,462$6,472,947
85$15,048,992$4,050,926$2,607,847$6,902,082
86$16,509,209$4,174,642$2,620,430$7,369,142
87$18,116,014$4,302,064$2,631,079$7,877,857
88$19,884,282$4,433,301$2,639,655$8,432,341
89$21,830,408$4,568,461$2,646,013$9,037,121
90$23,972,453$4,707,659$2,649,998$9,697,187
91$26,330,320$4,851,011$2,651,449$10,418,030
92$28,925,938$4,998,637$2,650,199$11,205,705
93$31,783,473$5,150,659$2,646,069$12,066,876
94$34,929,549$5,307,203$2,638,875$13,008,889
95$38,393,506$5,468,399$2,628,420$14,039,833
96$42,207,673$5,634,380$2,614,502$15,168,622
97$46,407,673$5,805,282$2,596,905$16,405,075
98$51,032,760$5,981,245$2,575,405$17,760,012
99$56,126,187$6,162,412$2,549,767$19,245,351
100$61,735,619$6,348,931$2,519,745$20,874,226