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%13.1%
1 years$163,507$162,050$160,629$159,242$157,888$155,850
2 years$80,944$79,436$77,975$76,559$75,185$73,135
3 years$53,427$51,913$50,455$49,052$47,700$45,702
4 years$39,671$38,161$36,718$35,339$34,020$32,089
5 years$31,419$29,919$28,495$27,144$25,862$24,002
6 years$25,920$24,431$23,028$21,707$20,463$18,679
7 years$21,994$20,517$19,137$17,847$16,642$14,933
8 years$19,050$17,587$16,229$14,971$13,806$12,172
9 years$16,762$15,313$13,978$12,752$11,627$10,067
10 years$14,932$13,497$12,187$10,992$9,907$8,420
11 years$13,437$12,016$10,729$9,567$8,520$7,105
12 years$12,191$10,785$9,522$8,391$7,383$6,039
13 years$11,138$9,746$8,507$7,408$6,438$5,163
14 years$10,236$8,859$7,644$6,576$5,644$4,435
15 years$9,455$8,093$6,901$5,865$4,969$3,825
16 years$8,772$7,425$6,257$5,251$4,392$3,310
17 years$8,170$6,838$5,693$4,718$3,894$2,873
18 years$7,636$6,319$5,197$4,252$3,463$2,499
19 years$7,159$5,856$4,758$3,842$3,086$2,179
20 years$6,729$5,442$4,367$3,480$2,757$1,903
21 years$6,342$5,069$4,016$3,158$2,467$1,665
22 years$5,989$4,732$3,702$2,871$2,211$1,458
23 years$5,668$4,425$3,418$2,615$1,985$1,279
24 years$5,375$4,146$3,161$2,385$1,784$1,122
25 years$5,105$3,891$2,928$2,178$1,605$986
26 years$4,856$3,657$2,715$1,992$1,446$867
27 years$4,626$3,442$2,521$1,823$1,304$763
28 years$4,413$3,243$2,344$1,670$1,176$672
29 years$4,215$3,059$2,181$1,532$1,062$592
30 years$4,030$2,889$2,032$1,406$960$521
31 years$3,858$2,731$1,894$1,291$868$460
32 years$3,697$2,584$1,767$1,186$785$405
33 years$3,546$2,448$1,650$1,091$710$357
34 years$3,404$2,320$1,542$1,004$643$315
35 years$3,270$2,200$1,441$924$583$278
36 years$3,145$2,088$1,348$851$528$246
37 years$3,026$1,983$1,262$784$478$217
38 years$2,914$1,885$1,182$723$434$192
39 years$2,808$1,792$1,107$666$393$169
40 years$2,707$1,705$1,038$615$357$150
41 years$2,612$1,623$973$567$324$132
42 years$2,521$1,546$913$523$294$117
43 years$2,435$1,473$857$483$267$103
44 years$2,353$1,404$804$446$242$91
45 years$2,274$1,339$755$412$220$81
46 years$2,200$1,277$709$381$199$71
47 years$2,129$1,219$666$352$181$63
48 years$2,060$1,164$626$325$164$56
49 years$1,995$1,111$588$300$149$49
50 years$1,933$1,061$553$278$136$43

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 $2,145 every year, while hoping to spend $59,271 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: 85/10/5 Blend
62$1,980,000$1,980,000$1,980,000$1,980,000
63$2,184,173$2,079,233$2,048,543$2,369,678
64$2,343,894$2,118,051$2,054,105$2,529,737
65$2,517,921$2,156,785$2,057,867$2,697,191
66$2,707,650$2,195,368$2,059,706$2,879,243
67$2,914,617$2,233,728$2,059,493$3,077,320
68$3,140,514$2,271,787$2,057,093$3,292,990
69$3,387,205$2,309,463$2,052,363$3,527,982
70$3,656,737$2,346,665$2,045,155$3,784,200
71$3,951,370$2,383,296$2,035,313$4,063,739
72$4,273,587$2,419,255$2,022,673$4,368,909
73$4,626,124$2,454,430$2,007,064$4,702,251
74$5,011,993$2,488,702$1,988,306$5,066,566
75$5,434,513$2,521,944$1,966,210$5,464,938
76$5,897,335$2,554,022$1,940,580$5,900,765
77$6,404,483$2,584,788$1,911,210$6,377,789
78$6,960,387$2,614,090$1,877,882$6,900,133
79$7,569,927$2,641,761$1,840,371$7,472,339
80$8,238,477$2,667,624$1,798,441$8,099,411
81$8,971,955$2,691,492$1,751,843$8,786,861
82$9,776,883$2,713,163$1,700,318$9,540,761
83$10,660,442$2,732,425$1,643,595$10,367,804
84$11,630,543$2,749,050$1,581,392$11,275,361
85$12,695,901$2,762,795$1,513,410$12,271,555
86$13,866,114$2,773,404$1,439,341$13,365,335
87$15,151,760$2,780,602$1,358,861$14,566,562
88$16,564,487$2,784,099$1,271,630$15,886,101
89$18,117,130$2,783,586$1,177,296$17,335,923
90$19,823,830$2,778,734$1,075,488$18,929,222
91$21,700,164$2,769,196$965,820$20,680,531
92$23,763,295$2,754,600$847,888$22,605,868
93$26,032,130$2,734,555$721,272$24,722,883
94$28,527,504$2,708,645$585,532$27,051,022
95$31,272,369$2,676,428$440,207$29,611,718
96$34,292,015$2,637,437$284,818$32,428,585
97$37,614,305$2,591,176$118,864$35,527,646
98$41,269,941$2,537,121$0$38,937,576
99$45,292,749$2,474,714$0$42,693,084
100$49,720,002$2,403,367$0$46,832,852