Can I retire at age 63 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$158,552$157,140$155,762$154,417$153,103$148,679
2 years$78,491$77,029$75,612$74,239$72,906$68,484
3 years$51,808$50,339$48,926$47,566$46,255$41,973
4 years$38,468$37,005$35,606$34,268$32,989$28,881
5 years$30,467$29,012$27,632$26,321$25,078$21,154
6 years$25,135$23,691$22,330$21,049$19,843$16,108
7 years$21,327$19,895$18,557$17,306$16,138$12,591
8 years$18,473$17,054$15,738$14,517$13,388$10,027
9 years$16,254$14,849$13,555$12,366$11,275$8,097
10 years$14,480$13,088$11,817$10,659$9,607$6,607
11 years$13,029$11,652$10,404$9,277$8,262$5,436
12 years$11,822$10,458$9,233$8,137$7,160$4,502
13 years$10,800$9,451$8,249$7,184$6,243$3,747
14 years$9,926$8,591$7,412$6,377$5,473$3,133
15 years$9,168$7,848$6,692$5,687$4,819$2,628
16 years$8,506$7,200$6,067$5,092$4,259$2,211
17 years$7,923$6,631$5,521$4,575$3,776$1,864
18 years$7,405$6,127$5,040$4,123$3,358$1,575
19 years$6,942$5,679$4,614$3,726$2,993$1,333
20 years$6,525$5,277$4,234$3,374$2,673$1,130
21 years$6,149$4,915$3,895$3,062$2,392$959
22 years$5,808$4,588$3,590$2,784$2,144$814
23 years$5,497$4,291$3,314$2,536$1,925$692
24 years$5,212$4,021$3,065$2,313$1,730$589
25 years$4,950$3,773$2,839$2,112$1,557$501
26 years$4,709$3,546$2,633$1,931$1,402$427
27 years$4,486$3,337$2,445$1,768$1,264$363
28 years$4,279$3,145$2,273$1,620$1,141$310
29 years$4,087$2,967$2,115$1,485$1,030$264
30 years$3,908$2,802$1,970$1,363$931$225
31 years$3,741$2,649$1,837$1,252$841$192
32 years$3,585$2,506$1,714$1,151$761$164
33 years$3,438$2,373$1,600$1,058$689$140
34 years$3,301$2,249$1,495$973$624$119
35 years$3,171$2,134$1,398$896$565$102
36 years$3,049$2,025$1,308$825$512$87
37 years$2,934$1,923$1,224$760$464$74
38 years$2,825$1,828$1,146$701$421$63
39 years$2,723$1,738$1,074$646$381$54
40 years$2,625$1,654$1,006$596$346$46
41 years$2,532$1,574$944$550$314$39
42 years$2,444$1,499$885$508$285$34
43 years$2,361$1,428$831$469$258$29
44 years$2,281$1,362$780$433$235$24
45 years$2,205$1,298$732$400$213$21
46 years$2,133$1,239$688$369$193$18
47 years$2,064$1,182$646$341$176$15
48 years$1,998$1,128$607$315$159$13
49 years$1,935$1,078$571$291$145$11
50 years$1,875$1,029$536$269$132$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,920,000, adding $6,790 every year, while hoping to spend $48,599 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: 71/20/9 Blend
62$1,920,000$1,920,000$1,920,000$1,920,000
63$2,122,844$2,021,084$1,991,324$2,269,605
64$2,287,665$2,068,408$2,006,324$2,414,893
65$2,467,669$2,116,422$2,020,198$2,567,234
66$2,664,353$2,165,109$2,032,857$2,732,659
67$2,879,366$2,214,448$2,044,207$2,912,444
68$3,114,523$2,264,418$2,054,149$3,107,996
69$3,371,822$2,314,991$2,062,580$3,320,864
70$3,653,463$2,366,141$2,069,392$3,552,752
71$3,961,870$2,417,836$2,074,470$3,805,541
72$4,299,710$2,470,039$2,077,695$4,081,299
73$4,669,922$2,522,713$2,078,939$4,382,305
74$5,075,743$2,575,815$2,078,073$4,711,071
75$5,520,737$2,629,298$2,074,956$5,070,363
76$6,008,829$2,683,110$2,069,443$5,463,228
77$6,544,342$2,737,196$2,061,383$5,893,024
78$7,132,041$2,791,494$2,050,615$6,363,449
79$7,777,170$2,845,938$2,036,972$6,878,579
80$8,485,509$2,900,457$2,020,278$7,442,904
81$9,263,424$2,954,971$2,000,350$8,061,371
82$10,117,925$3,009,398$1,976,994$8,739,431
83$11,056,740$3,063,644$1,950,009$9,483,092
84$12,088,377$3,117,612$1,919,184$10,298,971
85$13,222,212$3,171,196$1,884,298$11,194,362
86$14,468,575$3,224,282$1,845,119$12,177,300
87$15,838,844$3,276,746$1,801,405$13,256,642
88$17,345,556$3,328,457$1,752,902$14,442,144
89$19,002,525$3,379,273$1,699,346$15,744,561
90$20,824,967$3,429,042$1,640,459$17,175,742
91$22,829,650$3,477,601$1,575,950$18,748,745
92$25,035,048$3,524,777$1,505,518$20,477,959
93$27,461,514$3,570,383$1,428,845$22,379,243
94$30,131,477$3,614,220$1,345,599$24,470,070
95$33,069,645$3,656,075$1,255,435$26,769,698
96$36,303,247$3,695,720$1,157,989$29,299,349
97$39,862,281$3,732,914$1,052,885$32,082,411
98$43,779,805$3,767,397$939,728$35,144,655
99$48,092,240$3,798,895$818,104$38,514,484
100$52,839,721$3,827,113$687,583$42,223,199