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%15.6%
1 years$272,511$270,084$267,715$265,404$263,147$257,098
2 years$134,906$132,394$129,959$127,598$125,308$119,248
3 years$89,044$86,521$84,092$81,753$79,500$73,618
4 years$66,118$63,602$61,197$58,899$56,700$51,041
5 years$52,365$49,865$47,492$45,240$43,103$37,682
6 years$43,200$40,718$38,380$36,179$34,106$28,929
7 years$36,656$34,195$31,894$29,744$27,737$22,805
8 years$31,750$29,312$27,049$24,952$23,011$18,322
9 years$27,937$25,521$23,297$21,253$19,378$14,929
10 years$24,887$22,496$20,311$18,321$16,511$12,297
11 years$22,394$20,026$17,881$15,944$14,200$10,215
12 years$20,318$17,975$15,869$13,985$12,306$8,543
13 years$18,563$16,244$14,178$12,347$10,731$7,183
14 years$17,060$14,765$12,739$10,960$9,406$6,067
15 years$15,758$13,488$11,502$9,775$8,282$5,144
16 years$14,620$12,375$10,428$8,752$7,320$4,374
17 years$13,617$11,397$9,489$7,864$6,490$3,729
18 years$12,727$10,531$8,662$7,087$5,771$3,185
19 years$11,931$9,760$7,930$6,404$5,144$2,726
20 years$11,216$9,070$7,278$5,800$4,594$2,337
21 years$10,569$8,448$6,694$5,264$4,112$2,006
22 years$9,982$7,886$6,170$4,786$3,685$1,724
23 years$9,447$7,376$5,697$4,359$3,308$1,482
24 years$8,958$6,911$5,268$3,975$2,973$1,276
25 years$8,508$6,485$4,880$3,630$2,676$1,099
26 years$8,093$6,095$4,526$3,319$2,410$947
27 years$7,710$5,736$4,202$3,038$2,173$817
28 years$7,355$5,405$3,907$2,784$1,961$705
29 years$7,025$5,099$3,635$2,553$1,770$608
30 years$6,717$4,816$3,386$2,343$1,600$525
31 years$6,430$4,552$3,157$2,152$1,446$453
32 years$6,162$4,307$2,945$1,977$1,308$392
33 years$5,910$4,079$2,750$1,818$1,184$338
34 years$5,673$3,866$2,570$1,673$1,072$292
35 years$5,451$3,667$2,402$1,540$971$253
36 years$5,241$3,481$2,247$1,418$880$218
37 years$5,043$3,306$2,104$1,307$797$189
38 years$4,856$3,142$1,970$1,205$723$163
39 years$4,679$2,987$1,846$1,111$655$141
40 years$4,512$2,842$1,730$1,025$595$122
41 years$4,353$2,706$1,622$945$539$105
42 years$4,201$2,577$1,522$872$489$91
43 years$4,058$2,455$1,428$805$444$79
44 years$3,921$2,340$1,340$744$403$68
45 years$3,791$2,232$1,258$687$366$59
46 years$3,666$2,129$1,182$634$332$51
47 years$3,548$2,032$1,110$586$302$44
48 years$3,434$1,939$1,043$541$274$38
49 years$3,326$1,852$981$500$249$33
50 years$3,222$1,769$922$463$226$29

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 $6,240 every year, while hoping to spend $51,336 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: 48/27/25 Blend
54$3,300,000$3,300,000$3,300,000$3,300,000
55$3,643,037$3,468,137$3,416,987$3,791,711
56$3,960,005$3,583,454$3,476,835$4,011,808
57$4,307,584$3,702,702$3,536,967$4,245,095
58$4,688,841$3,826,018$3,597,339$4,497,416
59$5,107,156$3,953,545$3,657,902$4,770,585
60$5,566,250$4,085,434$3,718,607$5,066,600
61$6,070,225$4,221,837$3,779,397$5,387,659
62$6,623,595$4,362,914$3,840,214$5,736,183
63$7,231,337$4,508,832$3,900,997$6,114,833
64$7,898,931$4,659,762$3,961,677$6,526,541
65$8,632,414$4,815,883$4,022,186$6,974,532
66$9,438,438$4,977,379$4,082,447$7,462,357
67$10,324,330$5,144,442$4,142,380$7,993,927
68$11,298,163$5,317,271$4,201,901$8,573,546
69$12,368,831$5,496,073$4,260,920$9,205,953
70$13,546,132$5,681,060$4,319,341$9,896,369
71$14,840,861$5,872,456$4,377,063$10,650,539
72$16,264,914$6,070,491$4,433,979$11,474,794
73$17,831,393$6,275,404$4,489,976$12,376,104
74$19,554,738$6,487,442$4,544,933$13,362,146
75$21,450,858$6,706,863$4,598,725$14,441,374
76$23,537,280$6,933,934$4,651,217$15,623,103
77$25,833,319$7,168,932$4,702,268$16,917,590
78$28,360,252$7,412,145$4,751,730$18,336,135
79$31,141,529$7,663,871$4,799,444$19,891,184
80$34,202,985$7,924,421$4,845,245$21,596,449
81$37,573,088$8,194,116$4,888,959$23,467,034
82$41,283,205$8,473,290$4,930,402$25,519,579
83$45,367,901$8,762,290$4,969,379$27,772,416
84$49,865,260$9,061,475$5,005,686$30,245,739
85$54,817,250$9,371,221$5,039,110$32,961,798
86$60,270,114$9,691,915$5,069,424$35,945,106
87$66,274,807$10,023,960$5,096,391$39,222,669
88$72,887,478$10,367,775$5,119,762$42,824,242
89$80,170,001$10,723,796$5,139,273$46,782,610
90$88,190,552$11,092,473$5,154,650$51,133,892
91$97,024,261$11,474,277$5,165,604$55,917,888
92$106,753,914$11,869,694$5,171,829$61,178,447
93$117,470,736$12,279,233$5,173,009$66,963,886
94$129,275,254$12,703,418$5,168,808$73,327,443
95$142,278,242$13,142,797$5,158,874$80,327,777
96$156,601,767$13,597,939$5,142,841$88,029,523
97$172,380,343$14,069,433$5,120,322$96,503,901
98$189,762,197$14,557,895$5,090,912$105,829,388
99$208,910,670$15,063,961$5,054,187$116,092,455
100$230,005,759$15,588,296$5,009,703$127,388,388