Can I retire at age 63 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$153,597$152,229$150,894$149,591$148,319$145,862
2 years$76,038$74,622$73,250$71,919$70,628$68,160
3 years$50,189$48,766$47,397$46,079$44,809$42,407
4 years$37,266$35,848$34,493$33,197$31,958$29,640
5 years$29,515$28,106$26,768$25,499$24,294$22,067
6 years$24,349$22,950$21,633$20,392$19,223$17,089
7 years$20,661$19,274$17,977$16,765$15,634$13,593
8 years$17,896$16,521$15,246$14,064$12,970$11,023
9 years$15,746$14,385$13,131$11,979$10,922$9,068
10 years$14,027$12,679$11,448$10,326$9,306$7,543
11 years$12,622$11,288$10,079$8,987$8,004$6,330
12 years$11,452$10,131$8,945$7,883$6,936$5,349
13 years$10,463$9,156$7,991$6,959$6,048$4,546
14 years$9,615$8,322$7,180$6,178$5,302$3,881
15 years$8,882$7,602$6,483$5,509$4,668$3,327
16 years$8,241$6,975$5,878$4,933$4,126$2,861
17 years$7,675$6,424$5,348$4,432$3,658$2,467
18 years$7,173$5,936$4,882$3,994$3,253$2,133
19 years$6,725$5,501$4,470$3,609$2,899$1,847
20 years$6,322$5,112$4,102$3,269$2,590$1,602
21 years$5,957$4,762$3,773$2,967$2,317$1,392
22 years$5,626$4,445$3,477$2,697$2,077$1,211
23 years$5,325$4,157$3,211$2,457$1,865$1,055
24 years$5,049$3,895$2,969$2,241$1,676$919
25 years$4,795$3,655$2,750$2,046$1,508$802
26 years$4,562$3,435$2,551$1,871$1,358$700
27 years$4,346$3,233$2,369$1,713$1,225$612
28 years$4,146$3,047$2,202$1,569$1,105$535
29 years$3,959$2,874$2,049$1,439$998$467
30 years$3,786$2,714$1,909$1,321$902$409
31 years$3,624$2,566$1,779$1,213$815$358
32 years$3,473$2,428$1,660$1,115$737$313
33 years$3,331$2,299$1,550$1,025$667$274
34 years$3,198$2,179$1,448$943$604$240
35 years$3,072$2,067$1,354$868$547$210
36 years$2,954$1,962$1,267$800$496$184
37 years$2,843$1,863$1,186$737$449$161
38 years$2,737$1,771$1,110$679$407$141
39 years$2,637$1,684$1,040$626$369$124
40 years$2,543$1,602$975$577$335$109
41 years$2,453$1,525$914$533$304$95
42 years$2,368$1,452$858$492$276$84
43 years$2,287$1,384$805$454$250$73
44 years$2,210$1,319$755$419$227$64
45 years$2,136$1,258$709$387$206$56
46 years$2,066$1,200$666$358$187$49
47 years$2,000$1,145$626$330$170$43
48 years$1,936$1,093$588$305$154$38
49 years$1,874$1,044$553$282$140$33
50 years$1,816$997$520$261$127$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,860,000, adding $5,491 every year, while hoping to spend $30,519 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: 64/25/11 Blend
62$1,860,000$1,860,000$1,860,000$1,860,000
63$2,055,384$1,956,804$1,927,974$2,181,515
64$2,232,561$2,020,215$1,960,089$2,329,852
65$2,426,788$2,085,711$1,992,257$2,487,753
66$2,639,770$2,153,361$2,024,448$2,659,451
67$2,873,388$2,223,237$2,056,629$2,846,289
68$3,129,713$2,295,415$2,088,765$3,049,743
69$3,411,025$2,369,972$2,120,820$3,271,438
70$3,719,836$2,446,987$2,152,754$3,513,161
71$4,058,914$2,526,544$2,184,526$3,776,882
72$4,431,307$2,608,729$2,216,091$4,064,767
73$4,840,373$2,693,629$2,247,403$4,379,205
74$5,289,812$2,781,338$2,278,412$4,722,822
75$5,783,699$2,871,949$2,309,064$5,098,511
76$6,326,523$2,965,562$2,339,305$5,509,459
77$6,923,231$3,062,277$2,369,075$5,959,174
78$7,579,273$3,162,201$2,398,311$6,451,520
79$8,300,653$3,265,442$2,426,948$6,990,753
80$9,093,984$3,372,113$2,454,915$7,581,560
81$9,966,554$3,482,331$2,482,139$8,229,103
82$10,926,394$3,596,217$2,508,542$8,939,068
83$11,982,350$3,713,895$2,534,042$9,717,718
84$13,144,170$3,835,496$2,558,553$10,571,952
85$14,422,593$3,961,154$2,581,982$11,509,370
86$15,829,454$4,091,006$2,604,235$12,538,344
87$17,377,791$4,225,198$2,625,209$13,668,095
88$19,081,970$4,363,878$2,644,799$14,908,784
89$20,957,823$4,507,199$2,662,891$16,271,604
90$23,022,792$4,655,323$2,679,369$17,768,884
91$25,296,096$4,808,414$2,694,107$19,414,210
92$27,798,915$4,966,643$2,706,977$21,222,548
93$30,554,583$5,130,187$2,717,840$23,210,388
94$33,588,816$5,299,231$2,726,552$25,395,898
95$36,929,946$5,473,965$2,732,963$27,799,094
96$40,609,197$5,654,585$2,736,913$30,442,030
97$44,660,971$5,841,296$2,738,236$33,349,005
98$49,123,180$6,034,309$2,736,757$36,546,792
99$54,037,598$6,233,844$2,732,292$40,064,892
100$59,450,259$6,440,128$2,724,649$43,935,808