Can I retire at age 57 with 3,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$272,511$270,084$267,715$265,404$263,147$256,058
2 years$134,906$132,394$129,959$127,598$125,308$118,217
3 years$89,044$86,521$84,092$81,753$79,500$72,629
4 years$66,118$63,602$61,197$58,899$56,700$50,101
5 years$52,365$49,865$47,492$45,240$43,103$36,794
6 years$43,200$40,718$38,380$36,179$34,106$28,094
7 years$36,656$34,195$31,894$29,744$27,737$22,022
8 years$31,750$29,312$27,049$24,952$23,011$17,589
9 years$27,937$25,521$23,297$21,253$19,378$14,246
10 years$24,887$22,496$20,311$18,321$16,511$11,661
11 years$22,394$20,026$17,881$15,944$14,200$9,625
12 years$20,318$17,975$15,869$13,985$12,306$7,997
13 years$18,563$16,244$14,178$12,347$10,731$6,680
14 years$17,060$14,765$12,739$10,960$9,406$5,603
15 years$15,758$13,488$11,502$9,775$8,282$4,717
16 years$14,620$12,375$10,428$8,752$7,320$3,983
17 years$13,617$11,397$9,489$7,864$6,490$3,371
18 years$12,727$10,531$8,662$7,087$5,771$2,859
19 years$11,931$9,760$7,930$6,404$5,144$2,428
20 years$11,216$9,070$7,278$5,800$4,594$2,066
21 years$10,569$8,448$6,694$5,264$4,112$1,760
22 years$9,982$7,886$6,170$4,786$3,685$1,500
23 years$9,447$7,376$5,697$4,359$3,308$1,280
24 years$8,958$6,911$5,268$3,975$2,973$1,093
25 years$8,508$6,485$4,880$3,630$2,676$934
26 years$8,093$6,095$4,526$3,319$2,410$799
27 years$7,710$5,736$4,202$3,038$2,173$683
28 years$7,355$5,405$3,907$2,784$1,961$585
29 years$7,025$5,099$3,635$2,553$1,770$500
30 years$6,717$4,816$3,386$2,343$1,600$428
31 years$6,430$4,552$3,157$2,152$1,446$367
32 years$6,162$4,307$2,945$1,977$1,308$314
33 years$5,910$4,079$2,750$1,818$1,184$269
34 years$5,673$3,866$2,570$1,673$1,072$231
35 years$5,451$3,667$2,402$1,540$971$198
36 years$5,241$3,481$2,247$1,418$880$169
37 years$5,043$3,306$2,104$1,307$797$145
38 years$4,856$3,142$1,970$1,205$723$125
39 years$4,679$2,987$1,846$1,111$655$107
40 years$4,512$2,842$1,730$1,025$595$92
41 years$4,353$2,706$1,622$945$539$78
42 years$4,201$2,577$1,522$872$489$67
43 years$4,058$2,455$1,428$805$444$58
44 years$3,921$2,340$1,340$744$403$49
45 years$3,791$2,232$1,258$687$366$42
46 years$3,666$2,129$1,182$634$332$36
47 years$3,548$2,032$1,110$586$302$31
48 years$3,434$1,939$1,043$541$274$27
49 years$3,326$1,852$981$500$249$23
50 years$3,222$1,769$922$463$226$20

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 $2,106 every year, while hoping to spend $26,931 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: 72/18/10 Blend
56$3,300,000$3,300,000$3,300,000$3,300,000
57$3,638,772$3,463,872$3,412,722$3,893,715
58$3,981,273$3,604,948$3,498,394$4,203,599
59$4,357,806$3,752,033$3,586,033$4,539,263
60$4,771,814$3,905,395$3,675,677$4,906,056
61$5,227,090$4,065,311$3,767,364$5,307,044
62$5,727,814$4,232,072$3,861,132$5,745,602
63$6,278,591$4,405,983$3,957,019$6,225,445
64$6,884,492$4,587,361$4,055,064$6,750,663
65$7,551,108$4,776,539$4,155,307$7,325,756
66$8,284,598$4,973,866$4,257,786$7,955,683
67$9,091,746$5,179,705$4,362,541$8,645,899
68$9,980,031$5,394,437$4,469,613$9,402,413
69$10,957,690$5,618,460$4,579,041$10,231,841
70$12,033,800$5,852,191$4,690,865$11,141,469
71$13,218,364$6,096,065$4,805,125$12,139,318
72$14,522,403$6,350,537$4,921,862$13,234,225
73$15,958,060$6,616,086$5,041,117$14,435,918
74$17,538,717$6,893,209$5,162,929$15,755,113
75$19,279,118$7,182,429$5,287,340$17,203,613
76$21,195,512$7,484,291$5,414,389$18,794,415
77$23,305,799$7,799,367$5,544,116$20,541,837
78$25,629,710$8,128,254$5,676,563$22,461,648
79$28,188,980$8,471,579$5,811,768$24,571,219
80$31,007,565$8,829,996$5,949,771$26,889,685
81$34,111,860$9,204,189$6,090,612$29,438,120
82$37,530,951$9,594,875$6,234,329$32,239,744
83$41,296,889$10,002,805$6,380,960$35,320,132
84$45,444,993$10,428,764$6,530,543$38,707,461
85$50,014,182$10,873,573$6,683,116$42,432,768
86$55,047,343$11,338,092$6,838,715$46,530,250
87$60,591,736$11,823,222$6,997,375$51,037,576
88$66,699,437$12,329,905$7,159,132$55,996,250
89$73,427,836$12,859,126$7,324,019$61,451,995
90$80,840,170$13,411,918$7,492,068$67,455,186
91$89,006,128$13,989,363$7,663,313$74,061,323
92$98,002,501$14,592,590$7,837,782$81,331,554
93$107,913,914$15,222,784$8,015,505$89,333,247
94$118,833,618$15,881,185$8,196,509$98,140,632
95$130,864,375$16,569,091$8,380,821$107,835,491
96$144,119,425$17,287,861$8,568,463$118,507,933
97$158,723,558$18,038,918$8,759,458$130,257,241
98$174,814,287$18,823,751$8,953,825$143,192,808
99$192,543,149$19,643,920$9,151,584$157,435,166
100$212,077,136$20,501,058$9,352,747$173,117,124