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%14.8%
1 years$272,511$270,084$267,715$265,404$263,147$257,939
2 years$134,906$132,394$129,959$127,598$125,308$120,083
3 years$89,044$86,521$84,092$81,753$79,500$74,422
4 years$66,118$63,602$61,197$58,899$56,700$51,807
5 years$52,365$49,865$47,492$45,240$43,103$38,408
6 years$43,200$40,718$38,380$36,179$34,106$29,615
7 years$36,656$34,195$31,894$29,744$27,737$23,452
8 years$31,750$29,312$27,049$24,952$23,011$18,929
9 years$27,937$25,521$23,297$21,253$19,378$15,498
10 years$24,887$22,496$20,311$18,321$16,511$12,829
11 years$22,394$20,026$17,881$15,944$14,200$10,711
12 years$20,318$17,975$15,869$13,985$12,306$9,004
13 years$18,563$16,244$14,178$12,347$10,731$7,612
14 years$17,060$14,765$12,739$10,960$9,406$6,464
15 years$15,758$13,488$11,502$9,775$8,282$5,511
16 years$14,620$12,375$10,428$8,752$7,320$4,713
17 years$13,617$11,397$9,489$7,864$6,490$4,041
18 years$12,727$10,531$8,662$7,087$5,771$3,472
19 years$11,931$9,760$7,930$6,404$5,144$2,990
20 years$11,216$9,070$7,278$5,800$4,594$2,578
21 years$10,569$8,448$6,694$5,264$4,112$2,226
22 years$9,982$7,886$6,170$4,786$3,685$1,925
23 years$9,447$7,376$5,697$4,359$3,308$1,666
24 years$8,958$6,911$5,268$3,975$2,973$1,443
25 years$8,508$6,485$4,880$3,630$2,676$1,251
26 years$8,093$6,095$4,526$3,319$2,410$1,085
27 years$7,710$5,736$4,202$3,038$2,173$942
28 years$7,355$5,405$3,907$2,784$1,961$818
29 years$7,025$5,099$3,635$2,553$1,770$710
30 years$6,717$4,816$3,386$2,343$1,600$617
31 years$6,430$4,552$3,157$2,152$1,446$537
32 years$6,162$4,307$2,945$1,977$1,308$467
33 years$5,910$4,079$2,750$1,818$1,184$406
34 years$5,673$3,866$2,570$1,673$1,072$353
35 years$5,451$3,667$2,402$1,540$971$307
36 years$5,241$3,481$2,247$1,418$880$267
37 years$5,043$3,306$2,104$1,307$797$233
38 years$4,856$3,142$1,970$1,205$723$202
39 years$4,679$2,987$1,846$1,111$655$176
40 years$4,512$2,842$1,730$1,025$595$153
41 years$4,353$2,706$1,622$945$539$134
42 years$4,201$2,577$1,522$872$489$116
43 years$4,058$2,455$1,428$805$444$101
44 years$3,921$2,340$1,340$744$403$88
45 years$3,791$2,232$1,258$687$366$77
46 years$3,666$2,129$1,182$634$332$67
47 years$3,548$2,032$1,110$586$302$58
48 years$3,434$1,939$1,043$541$274$51
49 years$3,326$1,852$981$500$249$44
50 years$3,222$1,769$922$463$226$38

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 $6,379 every year, while hoping to spend $21,464 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: 66/22/12 Blend
62$3,300,000$3,300,000$3,300,000$3,300,000
63$3,643,180$3,468,280$3,417,130$3,873,419
64$3,991,947$3,615,388$3,508,766$4,174,815
65$4,375,568$3,768,985$3,602,753$4,500,993
66$4,797,577$3,929,367$3,699,146$4,856,957
67$5,261,866$4,096,841$3,798,003$5,245,616
68$5,772,722$4,271,732$3,899,383$5,670,171
69$6,334,872$4,454,379$4,003,344$6,134,145
70$6,953,520$4,645,135$4,109,947$6,641,413
71$7,634,405$4,844,372$4,219,256$7,196,242
72$8,383,845$5,052,478$4,331,332$7,803,324
73$9,208,807$5,269,858$4,446,241$8,467,829
74$10,116,963$5,496,940$4,564,048$9,195,444
75$11,116,771$5,734,167$4,684,821$9,992,431
76$12,217,547$5,982,007$4,808,628$10,865,681
77$13,429,559$6,240,947$4,935,539$11,822,785
78$14,764,119$6,511,499$5,065,625$12,872,097
79$16,233,694$6,794,197$5,198,958$14,022,816
80$17,852,020$7,089,602$5,335,612$15,285,072
81$19,634,233$7,398,300$5,475,663$16,670,019
82$21,597,014$7,720,905$5,619,186$18,189,940
83$23,758,741$8,058,061$5,766,261$19,858,359
84$26,139,667$8,410,441$5,916,965$21,690,174
85$28,762,110$8,778,749$6,071,381$23,701,788
86$31,650,663$9,163,725$6,229,589$25,911,269
87$34,832,425$9,566,142$6,391,675$28,338,516
88$38,337,258$9,986,809$6,557,722$31,005,447
89$42,198,070$10,426,574$6,727,817$33,936,201
90$46,451,123$10,886,326$6,902,048$37,157,369
91$51,136,375$11,366,994$7,080,505$40,698,241
92$56,297,862$11,869,553$7,263,279$44,591,078
93$61,984,106$12,395,023$7,450,460$48,871,420
94$68,248,578$12,944,473$7,642,144$53,578,416
95$75,150,203$13,519,022$7,838,426$58,755,192
96$82,753,912$14,119,842$8,039,401$64,449,258
97$91,131,258$14,748,162$8,245,169$70,712,952
98$100,361,092$15,405,267$8,455,827$77,603,932
99$110,530,304$16,092,506$8,671,478$85,185,719
100$121,734,645$16,811,289$8,892,223$93,528,293