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%14.4%
1 years$272,511$270,084$267,715$265,404$263,147$258,362
2 years$134,906$132,394$129,959$127,598$125,308$120,505
3 years$89,044$86,521$84,092$81,753$79,500$74,828
4 years$66,118$63,602$61,197$58,899$56,700$52,195
5 years$52,365$49,865$47,492$45,240$43,103$38,777
6 years$43,200$40,718$38,380$36,179$34,106$29,965
7 years$36,656$34,195$31,894$29,744$27,737$23,782
8 years$31,750$29,312$27,049$24,952$23,011$19,240
9 years$27,937$25,521$23,297$21,253$19,378$15,791
10 years$24,887$22,496$20,311$18,321$16,511$13,103
11 years$22,394$20,026$17,881$15,944$14,200$10,967
12 years$20,318$17,975$15,869$13,985$12,306$9,244
13 years$18,563$16,244$14,178$12,347$10,731$7,835
14 years$17,060$14,765$12,739$10,960$9,406$6,672
15 years$15,758$13,488$11,502$9,775$8,282$5,704
16 years$14,620$12,375$10,428$8,752$7,320$4,891
17 years$13,617$11,397$9,489$7,864$6,490$4,206
18 years$12,727$10,531$8,662$7,087$5,771$3,625
19 years$11,931$9,760$7,930$6,404$5,144$3,130
20 years$11,216$9,070$7,278$5,800$4,594$2,708
21 years$10,569$8,448$6,694$5,264$4,112$2,345
22 years$9,982$7,886$6,170$4,786$3,685$2,034
23 years$9,447$7,376$5,697$4,359$3,308$1,766
24 years$8,958$6,911$5,268$3,975$2,973$1,534
25 years$8,508$6,485$4,880$3,630$2,676$1,334
26 years$8,093$6,095$4,526$3,319$2,410$1,161
27 years$7,710$5,736$4,202$3,038$2,173$1,011
28 years$7,355$5,405$3,907$2,784$1,961$881
29 years$7,025$5,099$3,635$2,553$1,770$768
30 years$6,717$4,816$3,386$2,343$1,600$669
31 years$6,430$4,552$3,157$2,152$1,446$584
32 years$6,162$4,307$2,945$1,977$1,308$509
33 years$5,910$4,079$2,750$1,818$1,184$444
34 years$5,673$3,866$2,570$1,673$1,072$388
35 years$5,451$3,667$2,402$1,540$971$339
36 years$5,241$3,481$2,247$1,418$880$296
37 years$5,043$3,306$2,104$1,307$797$258
38 years$4,856$3,142$1,970$1,205$723$225
39 years$4,679$2,987$1,846$1,111$655$197
40 years$4,512$2,842$1,730$1,025$595$172
41 years$4,353$2,706$1,622$945$539$150
42 years$4,201$2,577$1,522$872$489$131
43 years$4,058$2,455$1,428$805$444$115
44 years$3,921$2,340$1,340$744$403$100
45 years$3,791$2,232$1,258$687$366$88
46 years$3,666$2,129$1,182$634$332$77
47 years$3,548$2,032$1,110$586$302$67
48 years$3,434$1,939$1,043$541$274$58
49 years$3,326$1,852$981$500$249$51
50 years$3,222$1,769$922$463$226$45

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 $4,854 every year, while hoping to spend $38,811 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: 79/16/5 Blend
62$3,300,000$3,300,000$3,300,000$3,300,000
63$3,641,607$3,466,707$3,415,557$3,928,210
64$3,971,756$3,595,281$3,488,683$4,245,162
65$4,334,280$3,728,854$3,562,959$4,587,142
66$4,732,439$3,867,631$3,638,381$4,961,082
67$5,169,827$4,011,824$3,714,946$5,370,146
68$5,650,401$4,161,654$3,792,647$5,817,815
69$6,178,520$4,317,354$3,871,480$6,307,924
70$6,758,989$4,479,164$3,951,434$6,844,695
71$7,397,099$4,647,336$4,032,500$7,432,777
72$8,098,679$4,822,132$4,114,665$8,077,288
73$8,870,154$5,003,826$4,197,916$8,783,867
74$9,718,600$5,192,704$4,282,236$9,558,720
75$10,651,813$5,389,062$4,367,608$10,408,685
76$11,678,385$5,593,213$4,454,009$11,341,292
77$12,807,779$5,805,480$4,541,418$12,364,834
78$14,050,425$6,026,201$4,629,808$13,488,446
79$15,417,813$6,255,729$4,719,151$14,722,188
80$16,922,604$6,494,433$4,809,416$16,077,143
81$18,578,746$6,742,697$4,900,568$17,565,519
82$20,401,611$7,000,922$4,992,570$19,200,762
83$22,408,135$7,269,527$5,085,380$20,997,685
84$24,616,979$7,548,949$5,178,955$22,972,606
85$27,048,707$7,839,643$5,273,246$25,143,500
86$29,725,976$8,142,087$5,368,201$27,530,171
87$32,673,753$8,456,776$5,463,763$30,154,434
88$35,919,549$8,784,231$5,559,872$33,040,325
89$39,493,678$9,124,993$5,656,463$36,214,321
90$43,429,543$9,479,628$5,753,465$39,705,596
91$47,763,954$9,848,727$5,850,803$43,546,289
92$52,537,469$10,232,906$5,948,396$47,771,810
93$57,794,782$10,632,811$6,046,159$52,421,173
94$63,585,144$11,049,113$6,144,000$57,537,363
95$69,962,825$11,482,515$6,241,820$63,167,738
96$76,987,627$11,933,753$6,339,515$69,364,481
97$84,725,450$12,403,591$6,436,973$76,185,085
98$93,248,911$12,892,832$6,534,077$83,692,897
99$102,638,030$13,402,312$6,630,699$91,957,718
100$112,980,989$13,932,904$6,726,707$101,056,453