Can I retire at age 57 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%19.6%
1 years$272,511$270,084$267,715$265,404$263,147$253,006
2 years$134,906$132,394$129,959$127,598$125,308$115,212
3 years$89,044$86,521$84,092$81,753$79,500$69,767
4 years$66,118$63,602$61,197$58,899$56,700$47,404
5 years$52,365$49,865$47,492$45,240$43,103$34,267
6 years$43,200$40,718$38,380$36,179$34,106$25,737
7 years$36,656$34,195$31,894$29,744$27,737$19,832
8 years$31,750$29,312$27,049$24,952$23,011$15,562
9 years$27,937$25,521$23,297$21,253$19,378$12,376
10 years$24,887$22,496$20,311$18,321$16,511$9,941
11 years$22,394$20,026$17,881$15,944$14,200$8,047
12 years$20,318$17,975$15,869$13,985$12,306$6,554
13 years$18,563$16,244$14,178$12,347$10,731$5,364
14 years$17,060$14,765$12,739$10,960$9,406$4,407
15 years$15,758$13,488$11,502$9,775$8,282$3,632
16 years$14,620$12,375$10,428$8,752$7,320$3,001
17 years$13,617$11,397$9,489$7,864$6,490$2,484
18 years$12,727$10,531$8,662$7,087$5,771$2,060
19 years$11,931$9,760$7,930$6,404$5,144$1,711
20 years$11,216$9,070$7,278$5,800$4,594$1,422
21 years$10,569$8,448$6,694$5,264$4,112$1,184
22 years$9,982$7,886$6,170$4,786$3,685$986
23 years$9,447$7,376$5,697$4,359$3,308$822
24 years$8,958$6,911$5,268$3,975$2,973$685
25 years$8,508$6,485$4,880$3,630$2,676$572
26 years$8,093$6,095$4,526$3,319$2,410$477
27 years$7,710$5,736$4,202$3,038$2,173$398
28 years$7,355$5,405$3,907$2,784$1,961$333
29 years$7,025$5,099$3,635$2,553$1,770$278
30 years$6,717$4,816$3,386$2,343$1,600$232
31 years$6,430$4,552$3,157$2,152$1,446$194
32 years$6,162$4,307$2,945$1,977$1,308$162
33 years$5,910$4,079$2,750$1,818$1,184$135
34 years$5,673$3,866$2,570$1,673$1,072$113
35 years$5,451$3,667$2,402$1,540$971$95
36 years$5,241$3,481$2,247$1,418$880$79
37 years$5,043$3,306$2,104$1,307$797$66
38 years$4,856$3,142$1,970$1,205$723$55
39 years$4,679$2,987$1,846$1,111$655$46
40 years$4,512$2,842$1,730$1,025$595$39
41 years$4,353$2,706$1,622$945$539$32
42 years$4,201$2,577$1,522$872$489$27
43 years$4,058$2,455$1,428$805$444$23
44 years$3,921$2,340$1,340$744$403$19
45 years$3,791$2,232$1,258$687$366$16
46 years$3,666$2,129$1,182$634$332$13
47 years$3,548$2,032$1,110$586$302$11
48 years$3,434$1,939$1,043$541$274$9
49 years$3,326$1,852$981$500$249$8
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 57 starting with $3,300,000, adding $4,892 every year, while hoping to spend $58,522 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: 78/14/8 Blend
56$3,300,000$3,300,000$3,300,000$3,300,000
57$3,641,646$3,466,746$3,415,596$3,921,292
58$3,950,827$3,574,350$3,467,752$4,213,164
59$4,289,583$3,685,264$3,519,693$4,525,103
60$4,660,869$3,799,591$3,571,351$4,865,487
61$5,067,939$3,917,432$3,622,653$5,237,122
62$5,514,378$4,038,895$3,673,521$5,643,098
63$6,004,133$4,164,090$3,723,872$6,086,819
64$6,541,552$4,293,128$3,773,620$6,572,031
65$7,131,426$4,426,127$3,822,671$7,102,861
66$7,779,030$4,563,205$3,870,929$7,683,854
67$8,490,175$4,704,487$3,918,290$8,320,015
68$9,271,265$4,850,099$3,964,644$9,016,856
69$10,129,351$5,000,171$4,009,877$9,780,451
70$11,072,203$5,154,837$4,053,866$10,617,486
71$12,108,381$5,314,237$4,096,483$11,535,329
72$13,247,313$5,478,511$4,137,593$12,542,095
73$14,499,388$5,647,808$4,177,051$13,646,724
74$15,876,051$5,822,276$4,214,708$14,859,063
75$17,389,913$6,002,072$4,250,405$16,189,961
76$19,054,865$6,187,355$4,283,975$17,651,370
77$20,886,215$6,378,289$4,315,242$19,256,456
78$22,900,826$6,575,043$4,344,020$21,019,725
79$25,117,281$6,777,790$4,370,115$22,957,159
80$27,556,052$6,986,710$4,393,323$25,086,365
81$30,239,698$7,201,987$4,413,427$27,426,743
82$33,193,072$7,423,810$4,430,202$29,999,666
83$36,443,562$7,652,373$4,443,410$32,828,683
84$40,021,342$7,887,877$4,452,802$35,939,742
85$43,959,664$8,130,527$4,458,115$39,361,432
86$48,295,162$8,380,536$4,459,075$43,125,253
87$53,068,207$8,638,121$4,455,392$47,265,912
88$58,323,282$8,903,506$4,446,765$51,821,655
89$64,109,401$9,176,922$4,432,876$56,834,620
90$70,480,574$9,458,605$4,413,391$62,351,239
91$77,496,315$9,748,799$4,387,962$68,422,676
92$85,222,203$10,047,754$4,356,223$75,105,308
93$93,730,502$10,355,728$4,317,791$82,461,254
94$103,100,839$10,672,985$4,272,263$90,558,967
95$113,420,961$10,999,798$4,219,220$99,473,875
96$124,787,556$11,336,445$4,158,221$109,289,092
97$137,307,169$11,683,213$4,088,805$120,096,206
98$151,097,209$12,040,399$4,010,488$131,996,140
99$166,287,051$12,408,306$3,922,766$145,100,103
100$183,019,262$12,787,244$3,825,110$159,530,642