Can I retire at age 63 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$272,511$270,084$267,715$265,404$263,147$261,818
2 years$134,906$132,394$129,959$127,598$125,308$123,967
3 years$89,044$86,521$84,092$81,753$79,500$78,188
4 years$66,118$63,602$61,197$58,899$56,700$55,428
5 years$52,365$49,865$47,492$45,240$43,103$41,873
6 years$43,200$40,718$38,380$36,179$34,106$32,921
7 years$36,656$34,195$31,894$29,744$27,737$26,598
8 years$31,750$29,312$27,049$24,952$23,011$21,917
9 years$27,937$25,521$23,297$21,253$19,378$18,329
10 years$24,887$22,496$20,311$18,321$16,511$15,507
11 years$22,394$20,026$17,881$15,944$14,200$13,240
12 years$20,318$17,975$15,869$13,985$12,306$11,388
13 years$18,563$16,244$14,178$12,347$10,731$9,856
14 years$17,060$14,765$12,739$10,960$9,406$8,573
15 years$15,758$13,488$11,502$9,775$8,282$7,489
16 years$14,620$12,375$10,428$8,752$7,320$6,566
17 years$13,617$11,397$9,489$7,864$6,490$5,774
18 years$12,727$10,531$8,662$7,087$5,771$5,092
19 years$11,931$9,760$7,930$6,404$5,144$4,500
20 years$11,216$9,070$7,278$5,800$4,594$3,985
21 years$10,569$8,448$6,694$5,264$4,112$3,536
22 years$9,982$7,886$6,170$4,786$3,685$3,141
23 years$9,447$7,376$5,697$4,359$3,308$2,795
24 years$8,958$6,911$5,268$3,975$2,973$2,489
25 years$8,508$6,485$4,880$3,630$2,676$2,220
26 years$8,093$6,095$4,526$3,319$2,410$1,981
27 years$7,710$5,736$4,202$3,038$2,173$1,769
28 years$7,355$5,405$3,907$2,784$1,961$1,582
29 years$7,025$5,099$3,635$2,553$1,770$1,415
30 years$6,717$4,816$3,386$2,343$1,600$1,266
31 years$6,430$4,552$3,157$2,152$1,446$1,134
32 years$6,162$4,307$2,945$1,977$1,308$1,015
33 years$5,910$4,079$2,750$1,818$1,184$910
34 years$5,673$3,866$2,570$1,673$1,072$816
35 years$5,451$3,667$2,402$1,540$971$732
36 years$5,241$3,481$2,247$1,418$880$656
37 years$5,043$3,306$2,104$1,307$797$589
38 years$4,856$3,142$1,970$1,205$723$528
39 years$4,679$2,987$1,846$1,111$655$474
40 years$4,512$2,842$1,730$1,025$595$426
41 years$4,353$2,706$1,622$945$539$382
42 years$4,201$2,577$1,522$872$489$343
43 years$4,058$2,455$1,428$805$444$309
44 years$3,921$2,340$1,340$744$403$277
45 years$3,791$2,232$1,258$687$366$249
46 years$3,666$2,129$1,182$634$332$224
47 years$3,548$2,032$1,110$586$302$201
48 years$3,434$1,939$1,043$541$274$181
49 years$3,326$1,852$981$500$249$162
50 years$3,222$1,769$922$463$226$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $3,300,000, adding $4,882 every year, while hoping to spend $59,755 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: 76/19/5 Blend
62$3,300,000$3,300,000$3,300,000$3,300,000
63$3,641,636$3,466,736$3,415,586$3,916,953
64$3,949,504$3,573,027$3,466,429$4,204,683
65$4,286,772$3,682,524$3,516,973$4,511,765
66$4,656,375$3,795,320$3,567,144$4,846,572
67$5,061,547$3,911,512$3,616,865$5,211,827
68$5,505,848$4,031,200$3,666,054$5,610,530
69$5,993,201$4,154,485$3,714,623$6,045,980
70$6,527,925$4,281,473$3,762,481$6,521,813
71$7,114,779$4,412,270$3,809,529$7,042,028
72$7,759,004$4,546,989$3,855,665$7,611,034
73$8,466,373$4,685,742$3,900,781$8,233,683
74$9,243,245$4,828,646$3,944,759$8,915,319
75$10,096,628$4,975,821$3,987,481$9,661,827
76$11,034,239$5,127,391$4,028,816$10,479,690
77$12,064,581$5,283,483$4,068,631$11,376,046
78$13,197,020$5,444,225$4,106,782$12,358,761
79$14,441,876$5,609,752$4,143,119$13,436,496
80$15,810,519$5,780,201$4,177,485$14,618,792
81$17,315,473$5,955,713$4,209,712$15,916,159
82$18,970,540$6,136,431$4,239,626$17,340,175
83$20,790,924$6,322,505$4,267,042$18,903,596
84$22,793,376$6,514,086$4,291,766$20,620,471
85$24,996,355$6,711,331$4,313,595$22,506,280
86$27,420,196$6,914,399$4,332,313$24,578,076
87$30,087,307$7,123,455$4,347,696$26,854,647
88$33,022,375$7,338,668$4,359,508$29,356,693
89$36,252,605$7,560,210$4,367,499$32,107,016
90$39,807,970$7,788,260$4,371,409$35,130,745
91$43,721,497$8,022,998$4,370,965$38,455,561
92$48,029,576$8,264,611$4,365,879$42,111,967
93$52,772,307$8,513,291$4,355,850$46,133,567
94$57,993,873$8,769,233$4,340,561$50,557,390
95$63,742,960$9,032,639$4,319,683$55,424,236
96$70,073,217$9,303,713$4,292,867$60,779,059
97$77,043,757$9,582,666$4,259,750$66,671,390
98$84,719,719$9,869,715$4,219,950$73,155,810
99$93,172,879$10,165,081$4,173,068$80,292,457
100$102,482,333$10,468,990$4,118,685$88,147,597