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%14.2%
1 years$272,511$270,084$267,715$265,404$263,147$258,574
2 years$134,906$132,394$129,959$127,598$125,308$120,716
3 years$89,044$86,521$84,092$81,753$79,500$75,033
4 years$66,118$63,602$61,197$58,899$56,700$52,391
5 years$52,365$49,865$47,492$45,240$43,103$38,963
6 years$43,200$40,718$38,380$36,179$34,106$30,141
7 years$36,656$34,195$31,894$29,744$27,737$23,949
8 years$31,750$29,312$27,049$24,952$23,011$19,398
9 years$27,937$25,521$23,297$21,253$19,378$15,939
10 years$24,887$22,496$20,311$18,321$16,511$13,242
11 years$22,394$20,026$17,881$15,944$14,200$11,098
12 years$20,318$17,975$15,869$13,985$12,306$9,366
13 years$18,563$16,244$14,178$12,347$10,731$7,949
14 years$17,060$14,765$12,739$10,960$9,406$6,778
15 years$15,758$13,488$11,502$9,775$8,282$5,802
16 years$14,620$12,375$10,428$8,752$7,320$4,983
17 years$13,617$11,397$9,489$7,864$6,490$4,291
18 years$12,727$10,531$8,662$7,087$5,771$3,704
19 years$11,931$9,760$7,930$6,404$5,144$3,203
20 years$11,216$9,070$7,278$5,800$4,594$2,775
21 years$10,569$8,448$6,694$5,264$4,112$2,407
22 years$9,982$7,886$6,170$4,786$3,685$2,091
23 years$9,447$7,376$5,697$4,359$3,308$1,818
24 years$8,958$6,911$5,268$3,975$2,973$1,582
25 years$8,508$6,485$4,880$3,630$2,676$1,378
26 years$8,093$6,095$4,526$3,319$2,410$1,201
27 years$7,710$5,736$4,202$3,038$2,173$1,047
28 years$7,355$5,405$3,907$2,784$1,961$914
29 years$7,025$5,099$3,635$2,553$1,770$798
30 years$6,717$4,816$3,386$2,343$1,600$697
31 years$6,430$4,552$3,157$2,152$1,446$609
32 years$6,162$4,307$2,945$1,977$1,308$532
33 years$5,910$4,079$2,750$1,818$1,184$465
34 years$5,673$3,866$2,570$1,673$1,072$406
35 years$5,451$3,667$2,402$1,540$971$355
36 years$5,241$3,481$2,247$1,418$880$311
37 years$5,043$3,306$2,104$1,307$797$272
38 years$4,856$3,142$1,970$1,205$723$238
39 years$4,679$2,987$1,846$1,111$655$208
40 years$4,512$2,842$1,730$1,025$595$182
41 years$4,353$2,706$1,622$945$539$159
42 years$4,201$2,577$1,522$872$489$139
43 years$4,058$2,455$1,428$805$444$122
44 years$3,921$2,340$1,340$744$403$107
45 years$3,791$2,232$1,258$687$366$94
46 years$3,666$2,129$1,182$634$332$82
47 years$3,548$2,032$1,110$586$302$72
48 years$3,434$1,939$1,043$541$274$63
49 years$3,326$1,852$981$500$249$55
50 years$3,222$1,769$922$463$226$48

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 $3,357 every year, while hoping to spend $42,984 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: 58/22/20 Blend
62$3,300,000$3,300,000$3,300,000$3,300,000
63$3,640,063$3,465,163$3,414,013$3,831,684
64$3,965,615$3,589,221$3,482,648$4,086,351
65$4,322,932$3,717,918$3,552,141$4,358,909
66$4,715,210$3,851,434$3,622,476$4,655,103
67$5,145,967$3,989,960$3,693,635$4,977,221
68$5,619,080$4,133,693$3,765,597$5,327,782
69$6,138,820$4,282,838$3,838,338$5,709,559
70$6,709,891$4,437,609$3,911,834$6,125,604
71$7,337,477$4,598,228$3,986,057$6,579,273
72$8,027,286$4,764,927$4,060,976$7,074,266
73$8,785,609$4,937,949$4,136,558$7,614,650
74$9,619,376$5,117,544$4,212,769$8,204,906
75$10,536,224$5,303,974$4,289,567$8,849,968
76$11,544,563$5,497,513$4,366,912$9,555,265
77$12,653,663$5,698,446$4,444,758$10,326,780
78$13,873,735$5,907,068$4,523,056$11,171,096
79$15,216,030$6,123,689$4,601,753$12,095,467
80$16,692,946$6,348,630$4,680,792$13,107,877
81$18,318,141$6,582,227$4,760,113$14,217,123
82$20,106,664$6,824,830$4,839,650$15,432,891
83$22,075,100$7,076,802$4,919,334$16,765,850
84$24,241,719$7,338,524$4,999,091$18,227,751
85$26,626,654$7,610,392$5,078,840$19,831,537
86$29,252,089$7,892,818$5,158,498$21,591,466
87$32,142,469$8,186,232$5,237,974$23,523,241
88$35,324,727$8,491,084$5,317,173$25,644,163
89$38,828,543$8,807,841$5,395,992$27,973,287
90$42,686,620$9,136,991$5,474,323$30,531,608
91$46,934,994$9,479,043$5,552,052$33,342,251
92$51,613,374$9,834,527$5,629,056$36,430,695
93$56,765,516$10,203,996$5,705,207$39,825,008
94$62,439,635$10,588,028$5,780,368$43,556,112
95$68,688,861$10,987,225$5,854,394$47,658,075
96$75,571,741$11,402,214$5,927,131$52,168,431
97$83,152,787$11,833,652$5,998,419$57,128,533
98$91,503,091$12,282,220$6,068,086$62,583,941
99$100,700,991$12,748,634$6,135,951$68,584,854
100$110,832,811$13,233,635$6,201,825$75,186,580