Can I retire at age 55 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%16%
1 years$272,511$270,084$267,715$265,404$263,147$256,681
2 years$134,906$132,394$129,959$127,598$125,308$118,834
3 years$89,044$86,521$84,092$81,753$79,500$73,220
4 years$66,118$63,602$61,197$58,899$56,700$50,662
5 years$52,365$49,865$47,492$45,240$43,103$37,324
6 years$43,200$40,718$38,380$36,179$34,106$28,592
7 years$36,656$34,195$31,894$29,744$27,737$22,489
8 years$31,750$29,312$27,049$24,952$23,011$18,025
9 years$27,937$25,521$23,297$21,253$19,378$14,652
10 years$24,887$22,496$20,311$18,321$16,511$12,039
11 years$22,394$20,026$17,881$15,944$14,200$9,975
12 years$20,318$17,975$15,869$13,985$12,306$8,320
13 years$18,563$16,244$14,178$12,347$10,731$6,978
14 years$17,060$14,765$12,739$10,960$9,406$5,877
15 years$15,758$13,488$11,502$9,775$8,282$4,969
16 years$14,620$12,375$10,428$8,752$7,320$4,213
17 years$13,617$11,397$9,489$7,864$6,490$3,581
18 years$12,727$10,531$8,662$7,087$5,771$3,051
19 years$11,931$9,760$7,930$6,404$5,144$2,603
20 years$11,216$9,070$7,278$5,800$4,594$2,225
21 years$10,569$8,448$6,694$5,264$4,112$1,904
22 years$9,982$7,886$6,170$4,786$3,685$1,631
23 years$9,447$7,376$5,697$4,359$3,308$1,398
24 years$8,958$6,911$5,268$3,975$2,973$1,200
25 years$8,508$6,485$4,880$3,630$2,676$1,030
26 years$8,093$6,095$4,526$3,319$2,410$885
27 years$7,710$5,736$4,202$3,038$2,173$761
28 years$7,355$5,405$3,907$2,784$1,961$654
29 years$7,025$5,099$3,635$2,553$1,770$563
30 years$6,717$4,816$3,386$2,343$1,600$484
31 years$6,430$4,552$3,157$2,152$1,446$417
32 years$6,162$4,307$2,945$1,977$1,308$359
33 years$5,910$4,079$2,750$1,818$1,184$309
34 years$5,673$3,866$2,570$1,673$1,072$266
35 years$5,451$3,667$2,402$1,540$971$229
36 years$5,241$3,481$2,247$1,418$880$197
37 years$5,043$3,306$2,104$1,307$797$170
38 years$4,856$3,142$1,970$1,205$723$146
39 years$4,679$2,987$1,846$1,111$655$126
40 years$4,512$2,842$1,730$1,025$595$109
41 years$4,353$2,706$1,622$945$539$94
42 years$4,201$2,577$1,522$872$489$81
43 years$4,058$2,455$1,428$805$444$70
44 years$3,921$2,340$1,340$744$403$60
45 years$3,791$2,232$1,258$687$366$52
46 years$3,666$2,129$1,182$634$332$45
47 years$3,548$2,032$1,110$586$302$38
48 years$3,434$1,939$1,043$541$274$33
49 years$3,326$1,852$981$500$249$29
50 years$3,222$1,769$922$463$226$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,300,000, adding $6,518 every year, while hoping to spend $28,339 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: 77/15/8 Blend
54$3,300,000$3,300,000$3,300,000$3,300,000
55$3,643,323$3,468,423$3,417,273$3,919,207
56$3,984,790$3,608,224$3,501,599$4,241,190
57$4,360,136$3,753,924$3,587,801$4,589,824
58$4,772,788$3,905,785$3,675,910$4,971,242
59$5,226,520$4,064,075$3,765,961$5,388,694
60$5,725,490$4,229,080$3,857,985$5,845,754
61$6,274,279$4,401,095$3,952,017$6,346,361
62$6,877,937$4,580,429$4,048,091$6,894,848
63$7,542,023$4,767,407$4,146,238$7,495,989
64$8,272,666$4,962,366$4,246,494$8,155,039
65$9,076,617$5,165,661$4,348,890$8,877,786
66$9,961,315$5,377,662$4,453,462$9,670,603
67$10,934,958$5,598,756$4,560,241$10,540,510
68$12,006,576$5,829,347$4,669,262$11,495,237
69$13,186,121$6,069,860$4,780,556$12,543,297
70$14,484,558$6,320,736$4,894,158$13,694,066
71$15,913,970$6,582,439$5,010,099$14,957,874
72$17,487,669$6,855,453$5,128,412$16,346,096
73$19,220,325$7,140,284$5,249,128$17,871,261
74$21,128,104$7,437,463$5,372,278$19,547,173
75$23,228,815$7,747,544$5,497,895$21,389,035
76$25,542,087$8,071,106$5,626,007$23,413,596
77$28,089,547$8,408,757$5,756,645$25,639,304
78$30,895,026$8,761,132$5,889,838$28,086,485
79$33,984,785$9,128,893$6,025,614$30,777,528
80$37,387,761$9,512,736$6,163,999$33,737,101
81$41,135,840$9,913,389$6,305,022$36,992,376
82$45,264,162$10,331,611$6,448,706$40,573,291
83$49,811,445$10,768,198$6,595,076$44,512,830
84$54,820,357$11,223,984$6,744,155$48,847,330
85$60,337,914$11,699,840$6,895,965$53,616,827
86$66,415,927$12,196,678$7,050,526$58,865,427
87$73,111,490$12,715,453$7,207,857$64,641,730
88$80,487,515$13,257,164$7,367,973$70,999,280
89$88,613,333$13,822,856$7,530,892$77,997,070
90$97,565,341$14,413,624$7,696,625$85,700,101
91$107,427,727$15,030,614$7,865,183$94,179,991
92$118,293,265$15,675,023$8,036,576$103,515,652
93$130,264,186$16,348,108$8,210,810$113,794,031
94$143,453,150$17,051,181$8,387,889$125,110,928
95$157,984,301$17,785,619$8,567,813$137,571,904
96$173,994,445$18,552,861$8,750,580$151,293,271
97$191,634,341$19,354,413$8,936,187$166,403,189
98$211,070,118$20,191,854$9,124,624$183,042,875
99$232,484,851$21,066,835$9,315,879$201,367,933
100$256,080,282$21,981,086$9,509,938$221,549,822