Can I retire at age 56 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%14.9%
1 years$272,511$270,084$267,715$265,404$263,147$257,834
2 years$134,906$132,394$129,959$127,598$125,308$119,978
3 years$89,044$86,521$84,092$81,753$79,500$74,321
4 years$66,118$63,602$61,197$58,899$56,700$51,710
5 years$52,365$49,865$47,492$45,240$43,103$38,317
6 years$43,200$40,718$38,380$36,179$34,106$29,529
7 years$36,656$34,195$31,894$29,744$27,737$23,370
8 years$31,750$29,312$27,049$24,952$23,011$18,852
9 years$27,937$25,521$23,297$21,253$19,378$15,426
10 years$24,887$22,496$20,311$18,321$16,511$12,761
11 years$22,394$20,026$17,881$15,944$14,200$10,648
12 years$20,318$17,975$15,869$13,985$12,306$8,945
13 years$18,563$16,244$14,178$12,347$10,731$7,557
14 years$17,060$14,765$12,739$10,960$9,406$6,413
15 years$15,758$13,488$11,502$9,775$8,282$5,464
16 years$14,620$12,375$10,428$8,752$7,320$4,669
17 years$13,617$11,397$9,489$7,864$6,490$4,000
18 years$12,727$10,531$8,662$7,087$5,771$3,435
19 years$11,931$9,760$7,930$6,404$5,144$2,956
20 years$11,216$9,070$7,278$5,800$4,594$2,547
21 years$10,569$8,448$6,694$5,264$4,112$2,198
22 years$9,982$7,886$6,170$4,786$3,685$1,899
23 years$9,447$7,376$5,697$4,359$3,308$1,642
24 years$8,958$6,911$5,268$3,975$2,973$1,421
25 years$8,508$6,485$4,880$3,630$2,676$1,231
26 years$8,093$6,095$4,526$3,319$2,410$1,067
27 years$7,710$5,736$4,202$3,038$2,173$925
28 years$7,355$5,405$3,907$2,784$1,961$803
29 years$7,025$5,099$3,635$2,553$1,770$697
30 years$6,717$4,816$3,386$2,343$1,600$605
31 years$6,430$4,552$3,157$2,152$1,446$525
32 years$6,162$4,307$2,945$1,977$1,308$456
33 years$5,910$4,079$2,750$1,818$1,184$397
34 years$5,673$3,866$2,570$1,673$1,072$345
35 years$5,451$3,667$2,402$1,540$971$300
36 years$5,241$3,481$2,247$1,418$880$261
37 years$5,043$3,306$2,104$1,307$797$227
38 years$4,856$3,142$1,970$1,205$723$197
39 years$4,679$2,987$1,846$1,111$655$171
40 years$4,512$2,842$1,730$1,025$595$149
41 years$4,353$2,706$1,622$945$539$130
42 years$4,201$2,577$1,522$872$489$113
43 years$4,058$2,455$1,428$805$444$98
44 years$3,921$2,340$1,340$744$403$85
45 years$3,791$2,232$1,258$687$366$74
46 years$3,666$2,129$1,182$634$332$65
47 years$3,548$2,032$1,110$586$302$56
48 years$3,434$1,939$1,043$541$274$49
49 years$3,326$1,852$981$500$249$43
50 years$3,222$1,769$922$463$226$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,300,000, adding $5,466 every year, while hoping to spend $27,045 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: 57/37/6 Blend
55$3,300,000$3,300,000$3,300,000$3,300,000
56$3,642,238$3,467,338$3,416,188$3,845,010
57$3,984,971$3,608,462$3,501,855$4,123,075
58$4,361,756$3,755,595$3,589,485$4,422,360
59$4,776,038$3,909,002$3,679,115$4,747,760
60$5,231,612$4,068,961$3,770,784$5,101,769
61$5,732,660$4,235,764$3,864,529$5,487,130
62$6,283,789$4,409,714$3,960,388$5,906,856
63$6,890,074$4,591,129$4,058,401$6,364,261
64$7,557,109$4,780,341$4,158,604$6,862,990
65$8,291,055$4,977,699$4,261,038$7,407,052
66$9,098,702$5,183,566$4,365,742$8,000,854
67$9,987,531$5,398,321$4,472,756$8,649,245
68$10,965,784$5,622,364$4,582,118$9,357,561
69$12,042,544$5,856,110$4,693,869$10,131,671
70$13,227,818$6,099,994$4,808,049$10,978,031
71$14,532,634$6,354,472$4,924,697$11,903,748
72$15,969,142$6,620,021$5,043,853$12,916,642
73$17,550,730$6,897,137$5,165,558$14,025,318
74$19,292,152$7,186,344$5,289,851$15,239,248
75$21,209,662$7,488,186$5,416,772$16,568,858
76$23,321,175$7,803,234$5,546,361$18,025,623
77$25,646,428$8,132,086$5,678,657$19,622,176
78$28,207,171$8,475,365$5,813,700$21,372,424
79$31,027,371$8,833,727$5,951,528$23,291,679
80$34,133,439$9,207,856$6,092,180$25,396,796
81$37,554,476$9,598,467$6,235,693$27,706,338
82$41,322,550$10,006,309$6,382,107$30,240,741
83$45,473,000$10,432,168$6,531,457$33,022,508
84$50,044,765$10,876,864$6,683,780$36,076,421
85$55,080,757$11,341,255$6,839,112$39,429,769
86$60,628,259$11,826,242$6,997,488$43,112,605
87$66,739,378$12,332,765$7,158,941$47,158,027
88$73,471,534$12,861,809$7,323,504$51,602,485
89$80,887,998$13,414,406$7,491,209$56,486,127
90$89,058,497$13,991,634$7,662,087$61,853,171
91$98,059,863$14,594,624$7,836,167$67,752,321
92$107,976,768$15,224,559$8,013,477$74,237,220
93$118,902,512$15,882,677$8,194,043$81,366,960
94$130,939,915$16,570,274$8,377,890$89,206,628
95$144,202,276$17,288,708$8,565,039$97,827,922
96$158,814,453$18,039,399$8,755,513$107,309,823
97$174,914,034$18,823,836$8,949,329$117,739,333
98$192,652,638$19,643,577$9,146,504$129,212,298
99$212,197,347$20,500,252$9,347,052$141,834,301
100$233,732,281$21,395,569$9,550,983$155,721,661