Can I retire at age 63 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$151,945$150,592$149,272$147,983$146,724$145,556
2 years$75,221$73,820$72,462$71,146$69,869$68,691
3 years$49,649$48,242$46,888$45,584$44,328$43,177
4 years$36,866$35,463$34,122$32,840$31,615$30,500
5 years$29,198$27,803$26,480$25,225$24,033$22,957
6 years$24,087$22,704$21,400$20,172$19,017$17,982
7 years$20,438$19,066$17,783$16,585$15,466$14,472
8 years$17,703$16,343$15,082$13,913$12,830$11,877
9 years$15,577$14,230$12,990$11,850$10,805$9,893
10 years$13,877$12,543$11,325$10,215$9,206$8,335
11 years$12,487$11,166$9,970$8,890$7,918$7,086
12 years$11,329$10,022$8,848$7,798$6,861$6,068
13 years$10,350$9,057$7,905$6,884$5,983$5,228
14 years$9,512$8,233$7,103$6,111$5,245$4,527
15 years$8,786$7,521$6,413$5,450$4,618$3,936
16 years$8,152$6,900$5,814$4,880$4,081$3,434
17 years$7,593$6,355$5,291$4,385$3,619$3,006
18 years$7,096$5,872$4,830$3,951$3,218$2,637
19 years$6,652$5,442$4,422$3,570$2,868$2,319
20 years$6,254$5,057$4,058$3,234$2,562$2,044
21 years$5,893$4,711$3,732$2,935$2,292$1,804
22 years$5,566$4,397$3,440$2,668$2,055$1,594
23 years$5,268$4,113$3,176$2,430$1,845$1,411
24 years$4,995$3,853$2,938$2,216$1,658$1,250
25 years$4,744$3,616$2,721$2,024$1,492$1,109
26 years$4,513$3,398$2,523$1,851$1,344$984
27 years$4,299$3,198$2,343$1,694$1,212$874
28 years$4,101$3,014$2,178$1,552$1,093$777
29 years$3,917$2,843$2,027$1,423$987$691
30 years$3,745$2,685$1,888$1,306$892$615
31 years$3,585$2,538$1,760$1,200$806$547
32 years$3,436$2,402$1,642$1,103$729$488
33 years$3,295$2,274$1,533$1,014$660$434
34 years$3,163$2,156$1,433$933$598$387
35 years$3,039$2,045$1,340$859$541$345
36 years$2,922$1,941$1,253$791$491$308
37 years$2,812$1,843$1,173$729$445$275
38 years$2,708$1,752$1,098$672$403$245
39 years$2,609$1,666$1,029$619$365$219
40 years$2,516$1,585$965$571$332$195
41 years$2,427$1,509$904$527$301$174
42 years$2,343$1,437$848$486$273$155
43 years$2,262$1,369$796$449$248$139
44 years$2,186$1,305$747$415$225$124
45 years$2,114$1,244$702$383$204$111
46 years$2,044$1,187$659$354$185$99
47 years$1,978$1,133$619$327$168$88
48 years$1,915$1,081$582$302$153$79
49 years$1,854$1,033$547$279$139$70
50 years$1,796$986$514$258$126$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,840,000, adding $3,745 every year, while hoping to spend $50,090 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: 35/47/18 Blend
62$1,840,000$1,840,000$1,840,000$1,840,000
63$2,031,543$1,934,023$1,905,503$2,091,328
64$2,185,465$1,975,495$1,916,042$2,176,805
65$2,353,408$2,017,320$1,925,255$2,264,024
66$2,536,750$2,059,463$1,933,045$2,357,078
67$2,737,006$2,101,884$1,939,310$2,456,513
68$2,955,846$2,144,542$1,943,943$2,562,932
69$3,195,108$2,187,389$1,946,830$2,677,001
70$3,456,813$2,230,376$1,947,853$2,799,451
71$3,743,190$2,273,447$1,946,888$2,931,094
72$4,056,692$2,316,542$1,943,805$3,072,820
73$4,400,020$2,359,597$1,938,468$3,225,616
74$4,776,147$2,402,543$1,930,732$3,390,566
75$5,188,351$2,445,304$1,920,448$3,568,871
76$5,640,237$2,487,799$1,907,458$3,761,851
77$6,135,781$2,529,940$1,891,597$3,970,966
78$6,679,357$2,571,634$1,872,692$4,197,826
79$7,275,786$2,612,779$1,850,562$4,444,205
80$7,930,379$2,653,267$1,825,018$4,712,064
81$8,648,982$2,692,982$1,795,860$5,003,564
82$9,438,038$2,731,798$1,762,882$5,321,090
83$10,304,644$2,769,582$1,725,865$5,667,273
84$11,256,618$2,806,192$1,684,581$6,045,014
85$12,302,571$2,841,473$1,638,793$6,457,518
86$13,451,991$2,875,264$1,588,250$6,908,315
87$14,715,331$2,907,389$1,532,694$7,401,304
88$16,104,106$2,937,661$1,471,850$7,940,782
89$17,631,001$2,965,884$1,405,434$8,531,494
90$19,309,995$2,991,843$1,333,147$9,178,669
91$21,156,486$3,015,315$1,254,679$9,888,079
92$23,187,440$3,036,059$1,169,704$10,666,089
93$25,421,552$3,053,818$1,077,881$11,519,718
94$27,879,415$3,068,320$978,855$12,456,712
95$30,583,724$3,079,277$872,256$13,485,611
96$33,559,482$3,086,379$757,694$14,615,835
97$36,834,238$3,089,300$634,766$15,857,773
98$40,438,347$3,087,693$503,047$17,222,885
99$44,405,257$3,081,188$362,097$18,723,806
100$48,771,820$3,069,393$211,455$20,374,472