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%19.9%
1 years$272,511$270,084$267,715$265,404$263,147$252,706
2 years$134,906$132,394$129,959$127,598$125,308$114,919
3 years$89,044$86,521$84,092$81,753$79,500$69,490
4 years$66,118$63,602$61,197$58,899$56,700$47,144
5 years$52,365$49,865$47,492$45,240$43,103$34,025
6 years$43,200$40,718$38,380$36,179$34,106$25,513
7 years$36,656$34,195$31,894$29,744$27,737$19,626
8 years$31,750$29,312$27,049$24,952$23,011$15,373
9 years$27,937$25,521$23,297$21,253$19,378$12,202
10 years$24,887$22,496$20,311$18,321$16,511$9,783
11 years$22,394$20,026$17,881$15,944$14,200$7,904
12 years$20,318$17,975$15,869$13,985$12,306$6,425
13 years$18,563$16,244$14,178$12,347$10,731$5,247
14 years$17,060$14,765$12,739$10,960$9,406$4,302
15 years$15,758$13,488$11,502$9,775$8,282$3,538
16 years$14,620$12,375$10,428$8,752$7,320$2,916
17 years$13,617$11,397$9,489$7,864$6,490$2,409
18 years$12,727$10,531$8,662$7,087$5,771$1,993
19 years$11,931$9,760$7,930$6,404$5,144$1,652
20 years$11,216$9,070$7,278$5,800$4,594$1,370
21 years$10,569$8,448$6,694$5,264$4,112$1,138
22 years$9,982$7,886$6,170$4,786$3,685$945
23 years$9,447$7,376$5,697$4,359$3,308$786
24 years$8,958$6,911$5,268$3,975$2,973$654
25 years$8,508$6,485$4,880$3,630$2,676$544
26 years$8,093$6,095$4,526$3,319$2,410$453
27 years$7,710$5,736$4,202$3,038$2,173$377
28 years$7,355$5,405$3,907$2,784$1,961$314
29 years$7,025$5,099$3,635$2,553$1,770$262
30 years$6,717$4,816$3,386$2,343$1,600$218
31 years$6,430$4,552$3,157$2,152$1,446$182
32 years$6,162$4,307$2,945$1,977$1,308$152
33 years$5,910$4,079$2,750$1,818$1,184$126
34 years$5,673$3,866$2,570$1,673$1,072$105
35 years$5,451$3,667$2,402$1,540$971$88
36 years$5,241$3,481$2,247$1,418$880$73
37 years$5,043$3,306$2,104$1,307$797$61
38 years$4,856$3,142$1,970$1,205$723$51
39 years$4,679$2,987$1,846$1,111$655$42
40 years$4,512$2,842$1,730$1,025$595$35
41 years$4,353$2,706$1,622$945$539$30
42 years$4,201$2,577$1,522$872$489$25
43 years$4,058$2,455$1,428$805$444$21
44 years$3,921$2,340$1,340$744$403$17
45 years$3,791$2,232$1,258$687$366$14
46 years$3,666$2,129$1,182$634$332$12
47 years$3,548$2,032$1,110$586$302$10
48 years$3,434$1,939$1,043$541$274$8
49 years$3,326$1,852$981$500$249$7
50 years$3,222$1,769$922$463$226$6

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 $2,733 every year, while hoping to spend $29,189 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: 66/10/24 Blend
55$3,300,000$3,300,000$3,300,000$3,300,000
56$3,639,419$3,464,519$3,413,369$3,856,876
57$3,979,583$3,603,224$3,496,660$4,142,213
58$4,353,465$3,747,746$3,581,763$4,450,493
59$4,764,474$3,898,342$3,668,708$4,786,872
60$5,216,366$4,055,275$3,757,524$5,154,117
61$5,713,276$4,218,825$3,848,243$5,555,275
62$6,259,764$4,389,281$3,940,892$5,993,697
63$6,860,851$4,566,947$4,035,504$6,473,076
64$7,522,071$4,752,140$4,132,106$6,997,477
65$8,249,519$4,945,193$4,230,729$7,571,376
66$9,049,914$5,146,451$4,331,402$8,199,702
67$9,930,656$5,356,277$4,434,154$8,887,884
68$10,899,899$5,575,051$4,539,015$9,641,900
69$11,966,629$5,803,169$4,646,012$10,468,334
70$13,140,746$6,041,045$4,755,174$11,374,437
71$14,433,159$6,289,113$4,866,529$12,368,195
72$15,855,887$6,547,826$4,980,105$13,458,405
73$17,422,177$6,817,658$5,095,927$14,654,758
74$19,146,621$7,099,106$5,214,022$15,967,926
75$21,045,301$7,392,686$5,334,417$17,409,666
76$23,135,936$7,698,943$5,457,134$18,992,929
77$25,438,053$8,018,442$5,582,200$20,731,983
78$27,973,166$8,351,778$5,709,636$22,642,544
79$30,764,985$8,699,571$5,839,464$24,741,926
80$33,839,634$9,062,470$5,971,707$27,049,205
81$37,225,901$9,441,155$6,106,383$29,585,393
82$40,955,507$9,836,336$6,243,511$32,373,644
83$45,063,409$10,248,757$6,383,109$35,439,462
84$49,588,126$10,679,195$6,525,192$38,810,951
85$54,572,104$11,128,465$6,669,775$42,519,070
86$60,062,116$11,597,418$6,816,870$46,597,931
87$66,109,705$12,086,944$6,966,488$51,085,119
88$72,771,667$12,597,976$7,118,638$56,022,043
89$80,110,591$13,131,491$7,273,326$61,454,329
90$88,195,445$13,688,508$7,430,557$67,432,248
91$97,102,233$14,270,097$7,590,333$74,011,190
92$106,914,704$14,877,376$7,752,652$81,252,188
93$117,725,151$15,511,515$7,917,514$89,222,488
94$129,635,276$16,173,738$8,084,910$97,996,188
95$142,757,152$16,865,329$8,254,831$107,654,933
96$157,214,280$17,587,628$8,427,267$118,288,687
97$173,142,755$18,342,041$8,602,199$129,996,577
98$190,692,553$19,130,038$8,779,610$142,887,833
99$210,028,941$19,953,157$8,959,474$157,082,813
100$231,334,042$20,813,010$9,141,765$172,714,142