Expiring Objects: General Considerations
When an object reaches the end of its lifetime, Amazon S3 queues it for removal and removes it asynchronously. There may be a delay between the expiration date and the date at which Amazon S3 removes an object. You are not charged for storage time associated with an object that has expired.
There are additional cost considerations if you put a lifecycle policy to expire objects that have been in STANDARD_IA for less than 30 days, or GLACIER for less than 90 days. For more information about cost considerations, see Amazon S3 Pricing.