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

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$272,511$270,084$267,715$265,404$263,147$261,160
2 years$134,906$132,394$129,959$127,598$125,308$123,305
3 years$89,044$86,521$84,092$81,753$79,500$77,543
4 years$66,118$63,602$61,197$58,899$56,700$54,804
5 years$52,365$49,865$47,492$45,240$43,103$41,273
6 years$43,200$40,718$38,380$36,179$34,106$32,345
7 years$36,656$34,195$31,894$29,744$27,737$26,045
8 years$31,750$29,312$27,049$24,952$23,011$21,389
9 years$27,937$25,521$23,297$21,253$19,378$17,825
10 years$24,887$22,496$20,311$18,321$16,511$15,027
11 years$22,394$20,026$17,881$15,944$14,200$12,783
12 years$20,318$17,975$15,869$13,985$12,306$10,954
13 years$18,563$16,244$14,178$12,347$10,731$9,444
14 years$17,060$14,765$12,739$10,960$9,406$8,182
15 years$15,758$13,488$11,502$9,775$8,282$7,119
16 years$14,620$12,375$10,428$8,752$7,320$6,216
17 years$13,617$11,397$9,489$7,864$6,490$5,444
18 years$12,727$10,531$8,662$7,087$5,771$4,780
19 years$11,931$9,760$7,930$6,404$5,144$4,207
20 years$11,216$9,070$7,278$5,800$4,594$3,709
21 years$10,569$8,448$6,694$5,264$4,112$3,276
22 years$9,982$7,886$6,170$4,786$3,685$2,898
23 years$9,447$7,376$5,697$4,359$3,308$2,567
24 years$8,958$6,911$5,268$3,975$2,973$2,276
25 years$8,508$6,485$4,880$3,630$2,676$2,020
26 years$8,093$6,095$4,526$3,319$2,410$1,794
27 years$7,710$5,736$4,202$3,038$2,173$1,595
28 years$7,355$5,405$3,907$2,784$1,961$1,419
29 years$7,025$5,099$3,635$2,553$1,770$1,263
30 years$6,717$4,816$3,386$2,343$1,600$1,125
31 years$6,430$4,552$3,157$2,152$1,446$1,002
32 years$6,162$4,307$2,945$1,977$1,308$893
33 years$5,910$4,079$2,750$1,818$1,184$797
34 years$5,673$3,866$2,570$1,673$1,072$711
35 years$5,451$3,667$2,402$1,540$971$634
36 years$5,241$3,481$2,247$1,418$880$566
37 years$5,043$3,306$2,104$1,307$797$505
38 years$4,856$3,142$1,970$1,205$723$451
39 years$4,679$2,987$1,846$1,111$655$403
40 years$4,512$2,842$1,730$1,025$595$360
41 years$4,353$2,706$1,622$945$539$322
42 years$4,201$2,577$1,522$872$489$287
43 years$4,058$2,455$1,428$805$444$257
44 years$3,921$2,340$1,340$744$403$229
45 years$3,791$2,232$1,258$687$366$205
46 years$3,666$2,129$1,182$634$332$183
47 years$3,548$2,032$1,110$586$302$164
48 years$3,434$1,939$1,043$541$274$146
49 years$3,326$1,852$981$500$249$131
50 years$3,222$1,769$922$463$226$117

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 $2,578 every year, while hoping to spend $25,270 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: 33/45/22 Blend
62$3,300,000$3,300,000$3,300,000$3,300,000
63$3,639,259$3,464,359$3,413,209$3,734,697
64$3,983,577$3,607,226$3,500,665$3,949,101
65$4,362,167$3,756,246$3,590,203$4,177,535
66$4,778,501$3,911,694$3,681,867$4,423,215
67$5,236,399$4,073,858$3,775,701$4,687,676
68$5,740,073$4,243,039$3,871,748$4,972,601
69$6,294,164$4,419,551$3,970,055$5,279,837
70$6,903,782$4,603,723$4,070,666$5,611,407
71$7,574,562$4,795,899$4,173,627$5,969,534
72$8,312,709$4,996,439$4,278,984$6,356,655
73$9,125,061$5,205,721$4,386,786$6,775,446
74$10,019,153$5,424,137$4,497,080$7,228,843
75$11,003,288$5,652,102$4,609,914$7,720,072
76$12,086,614$5,890,045$4,725,336$8,252,674
77$13,279,210$6,138,418$4,843,396$8,830,539
78$14,592,183$6,397,695$4,964,144$9,457,941
79$16,037,772$6,668,368$5,087,629$10,139,574
80$17,629,463$6,950,956$5,213,902$10,880,600
81$19,382,114$7,245,999$5,343,014$11,686,688
82$21,312,102$7,554,065$5,475,017$12,564,074
83$23,437,468$7,875,745$5,609,962$13,519,610
84$25,778,094$8,211,662$5,747,900$14,560,830
85$28,355,890$8,562,463$5,888,885$15,696,022
86$31,194,996$8,928,829$6,032,968$16,934,298
87$34,322,016$9,311,472$6,180,202$18,285,678
88$37,766,263$9,711,135$6,330,640$19,761,188
89$41,560,040$10,128,600$6,484,335$21,372,956
90$45,738,944$10,564,681$6,641,340$23,134,322
91$50,342,199$11,020,233$6,801,708$25,059,967
92$55,413,029$11,496,150$6,965,491$27,166,045
93$60,999,065$11,993,369$7,132,743$29,470,331
94$67,152,796$12,512,870$7,303,515$31,992,386
95$73,932,059$13,055,679$7,477,861$34,753,743
96$81,400,592$13,622,870$7,655,832$37,778,097
97$89,628,631$14,215,569$7,837,481$41,091,535
98$98,693,572$14,834,953$8,022,858$44,722,770
99$108,680,707$15,482,256$8,212,014$48,703,412
100$119,684,021$16,158,769$8,404,999$53,068,262