Can I retire at age 63 with 3,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,000,000?

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%
1 years$247,737$245,530$243,378$241,276$239,224$235,164
2 years$122,642$120,358$118,144$115,998$113,916$109,839
3 years$80,949$78,655$76,447$74,321$72,273$68,305
4 years$60,107$57,820$55,634$53,544$51,546$47,717
5 years$47,605$45,332$43,174$41,127$39,184$35,506
6 years$39,273$37,017$34,891$32,890$31,005$27,482
7 years$33,324$31,087$28,995$27,040$25,216$21,848
8 years$28,864$26,647$24,590$22,684$20,919$17,706
9 years$25,397$23,201$21,179$19,321$17,617$14,558
10 years$22,625$20,450$18,465$16,655$15,010$12,102
11 years$20,359$18,206$16,256$14,495$12,909$10,149
12 years$18,471$16,341$14,427$12,714$11,187$8,571
13 years$16,875$14,767$12,889$11,225$9,755$7,279
14 years$15,509$13,423$11,581$9,964$8,551$6,211
15 years$14,326$12,262$10,456$8,886$7,529$5,320
16 years$13,291$11,250$9,480$7,957$6,654$4,572
17 years$12,379$10,361$8,626$7,149$5,900$3,940
18 years$11,570$9,574$7,875$6,443$5,246$3,403
19 years$10,846$8,873$7,209$5,821$4,676$2,945
20 years$10,196$8,245$6,616$5,272$4,177$2,553
21 years$9,608$7,680$6,086$4,785$3,738$2,217
22 years$9,075$7,169$5,609$4,351$3,350$1,927
23 years$8,589$6,705$5,179$3,962$3,007$1,677
24 years$8,143$6,282$4,789$3,614$2,703$1,460
25 years$7,734$5,896$4,436$3,300$2,432$1,273
26 years$7,358$5,541$4,114$3,018$2,191$1,110
27 years$7,009$5,215$3,820$2,762$1,975$969
28 years$6,686$4,914$3,551$2,531$1,782$846
29 years$6,386$4,636$3,305$2,321$1,610$739
30 years$6,107$4,378$3,078$2,130$1,454$646
31 years$5,846$4,139$2,870$1,956$1,315$565
32 years$5,601$3,916$2,678$1,798$1,189$494
33 years$5,373$3,708$2,500$1,653$1,076$432
34 years$5,158$3,515$2,336$1,521$975$378
35 years$4,955$3,334$2,184$1,400$883$331
36 years$4,765$3,164$2,043$1,290$800$290
37 years$4,585$3,005$1,912$1,188$725$254
38 years$4,415$2,856$1,791$1,095$657$222
39 years$4,254$2,716$1,678$1,010$596$195
40 years$4,101$2,584$1,573$931$541$170
41 years$3,957$2,460$1,475$859$490$149
42 years$3,819$2,342$1,383$793$445$131
43 years$3,689$2,232$1,298$732$404$114
44 years$3,564$2,127$1,218$676$367$100
45 years$3,446$2,029$1,144$624$333$88
46 years$3,333$1,935$1,074$577$302$77
47 years$3,225$1,847$1,009$533$274$67
48 years$3,122$1,763$949$492$249$59
49 years$3,023$1,684$892$455$226$52
50 years$2,929$1,608$838$421$206$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,000,000, adding $3,084 every year, while hoping to spend $43,535 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: 63/17/20 Blend
62$3,000,000$3,000,000$3,000,000$3,000,000
63$3,309,181$3,150,181$3,103,681$3,500,483
64$3,600,397$3,258,219$3,161,334$3,737,770
65$3,919,857$3,370,092$3,219,458$3,991,639
66$4,270,398$3,485,941$3,278,025$4,267,890
67$4,655,141$3,605,915$3,337,001$4,568,710
68$5,077,526$3,730,166$3,396,352$4,896,507
69$5,541,343$3,858,853$3,456,039$5,253,934
70$6,050,765$3,992,142$3,516,022$5,643,909
71$6,610,391$4,130,205$3,576,256$6,069,645
72$7,225,286$4,273,220$3,636,696$6,534,682
73$7,901,030$4,421,373$3,697,290$7,042,918
74$8,643,771$4,574,856$3,757,985$7,598,642
75$9,460,282$4,733,870$3,818,724$8,206,583
76$10,358,025$4,898,624$3,879,445$8,871,944
77$11,345,220$5,069,334$3,940,084$9,600,459
78$12,430,926$5,246,224$4,000,570$10,398,442
79$13,625,122$5,429,530$4,060,830$11,272,847
80$14,938,802$5,619,495$4,120,785$12,231,336
81$16,384,080$5,816,371$4,180,353$13,282,346
82$17,974,305$6,020,422$4,239,443$14,435,175
83$19,724,183$6,231,922$4,297,963$15,700,060
84$21,649,918$6,451,154$4,355,814$17,088,283
85$23,769,366$6,678,416$4,412,889$18,612,270
86$26,102,198$6,914,015$4,469,077$20,285,713
87$28,670,092$7,158,272$4,524,262$22,123,693
88$31,496,934$7,411,520$4,578,317$24,142,827
89$34,609,042$7,674,105$4,631,111$26,361,422
90$38,035,417$7,946,389$4,682,506$28,799,648
91$41,808,014$8,228,747$4,732,355$31,479,727
92$45,962,045$8,521,569$4,780,502$34,426,143
93$50,536,310$8,825,262$4,826,785$37,665,872
94$55,573,563$9,140,250$4,871,032$41,228,638
95$61,120,917$9,466,972$4,913,062$45,147,189
96$67,230,284$9,805,888$4,952,684$49,457,609
97$73,958,870$10,157,474$4,989,696$54,199,659
98$81,369,712$10,522,227$5,023,888$59,417,145
99$89,532,271$10,900,665$5,055,037$65,158,341
100$98,523,092$11,293,325$5,082,909$71,476,435