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

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 $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%15.1%
1 years$247,737$245,530$243,378$241,276$239,224$234,203
2 years$122,642$120,358$118,144$115,998$113,916$108,881
3 years$80,949$78,655$76,447$74,321$72,273$67,381
4 years$60,107$57,820$55,634$53,544$51,546$46,834
5 years$47,605$45,332$43,174$41,127$39,184$34,667
6 years$39,273$37,017$34,891$32,890$31,005$26,687
7 years$33,324$31,087$28,995$27,040$25,216$21,097
8 years$28,864$26,647$24,590$22,684$20,919$16,999
9 years$25,397$23,201$21,179$19,321$17,617$13,893
10 years$22,625$20,450$18,465$16,655$15,010$11,479
11 years$20,359$18,206$16,256$14,495$12,909$9,566
12 years$18,471$16,341$14,427$12,714$11,187$8,026
13 years$16,875$14,767$12,889$11,225$9,755$6,771
14 years$15,509$13,423$11,581$9,964$8,551$5,739
15 years$14,326$12,262$10,456$8,886$7,529$4,882
16 years$13,291$11,250$9,480$7,957$6,654$4,166
17 years$12,379$10,361$8,626$7,149$5,900$3,564
18 years$11,570$9,574$7,875$6,443$5,246$3,056
19 years$10,846$8,873$7,209$5,821$4,676$2,626
20 years$10,196$8,245$6,616$5,272$4,177$2,259
21 years$9,608$7,680$6,086$4,785$3,738$1,947
22 years$9,075$7,169$5,609$4,351$3,350$1,679
23 years$8,589$6,705$5,179$3,962$3,007$1,450
24 years$8,143$6,282$4,789$3,614$2,703$1,253
25 years$7,734$5,896$4,436$3,300$2,432$1,083
26 years$7,358$5,541$4,114$3,018$2,191$938
27 years$7,009$5,215$3,820$2,762$1,975$812
28 years$6,686$4,914$3,551$2,531$1,782$703
29 years$6,386$4,636$3,305$2,321$1,610$609
30 years$6,107$4,378$3,078$2,130$1,454$528
31 years$5,846$4,139$2,870$1,956$1,315$458
32 years$5,601$3,916$2,678$1,798$1,189$397
33 years$5,373$3,708$2,500$1,653$1,076$345
34 years$5,158$3,515$2,336$1,521$975$299
35 years$4,955$3,334$2,184$1,400$883$259
36 years$4,765$3,164$2,043$1,290$800$225
37 years$4,585$3,005$1,912$1,188$725$196
38 years$4,415$2,856$1,791$1,095$657$170
39 years$4,254$2,716$1,678$1,010$596$147
40 years$4,101$2,584$1,573$931$541$128
41 years$3,957$2,460$1,475$859$490$111
42 years$3,819$2,342$1,383$793$445$97
43 years$3,689$2,232$1,298$732$404$84
44 years$3,564$2,127$1,218$676$367$73
45 years$3,446$2,029$1,144$624$333$63
46 years$3,333$1,935$1,074$577$302$55
47 years$3,225$1,847$1,009$533$274$48
48 years$3,122$1,763$949$492$249$41
49 years$3,023$1,684$892$455$226$36
50 years$2,929$1,608$838$421$206$31

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 $4,938 every year, while hoping to spend $47,727 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: 41/34/25 Blend
62$3,000,000$3,000,000$3,000,000$3,000,000
63$3,311,094$3,152,094$3,105,594$3,422,311
64$3,598,044$3,255,765$3,158,850$3,606,432
65$3,912,664$3,362,917$3,212,290$3,800,715
66$4,257,725$3,473,669$3,265,871$4,010,076
67$4,636,280$3,588,146$3,319,545$4,235,926
68$5,051,692$3,706,477$3,373,262$4,479,817
69$5,507,665$3,828,795$3,426,967$4,743,458
70$6,008,280$3,955,239$3,480,603$5,028,727
71$6,558,031$4,085,952$3,534,110$5,337,689
72$7,161,869$4,221,082$3,587,421$5,672,617
73$7,825,248$4,360,783$3,640,468$6,036,015
74$8,554,177$4,505,216$3,693,178$6,430,633
75$9,355,276$4,654,544$3,745,472$6,859,502
76$10,235,837$4,808,940$3,797,268$7,325,957
77$11,203,894$4,968,579$3,848,478$7,833,668
78$12,268,299$5,133,648$3,899,010$8,386,677
79$13,438,804$5,304,335$3,948,766$8,989,433
80$14,726,154$5,480,839$3,997,641$9,646,834
81$16,142,186$5,663,364$4,045,526$10,364,273
82$17,699,943$5,852,123$4,092,305$11,147,689
83$19,413,795$6,047,336$4,137,856$12,003,622
84$21,299,577$6,249,230$4,182,049$12,939,275
85$23,374,735$6,458,043$4,224,748$13,962,579
86$25,658,490$6,674,020$4,265,810$15,082,270
87$28,172,024$6,897,414$4,305,082$16,307,970
88$30,938,674$7,128,491$4,342,406$17,650,275
89$33,984,155$7,367,523$4,377,612$19,120,859
90$37,336,801$7,614,795$4,410,525$20,732,579
91$41,027,835$7,870,599$4,440,958$22,499,600
92$45,091,658$8,135,243$4,468,714$24,437,524
93$49,566,180$8,409,043$4,493,589$26,563,537
94$54,493,171$8,692,326$4,515,365$28,896,575
95$59,918,659$8,985,435$4,533,814$31,457,497
96$65,893,363$9,288,722$4,548,697$34,269,283
97$72,473,171$9,602,555$4,559,764$37,357,252
98$79,719,669$9,927,314$4,566,750$40,749,296
99$87,700,717$10,263,394$4,569,378$44,476,145
100$96,491,096$10,611,207$4,567,359$48,571,660