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%15.9%
1 years$272,511$270,084$267,715$265,404$263,147$256,785
2 years$134,906$132,394$129,959$127,598$125,308$118,937
3 years$89,044$86,521$84,092$81,753$79,500$73,319
4 years$66,118$63,602$61,197$58,899$56,700$50,757
5 years$52,365$49,865$47,492$45,240$43,103$37,413
6 years$43,200$40,718$38,380$36,179$34,106$28,676
7 years$36,656$34,195$31,894$29,744$27,737$22,567
8 years$31,750$29,312$27,049$24,952$23,011$18,099
9 years$27,937$25,521$23,297$21,253$19,378$14,721
10 years$24,887$22,496$20,311$18,321$16,511$12,103
11 years$22,394$20,026$17,881$15,944$14,200$10,034
12 years$20,318$17,975$15,869$13,985$12,306$8,375
13 years$18,563$16,244$14,178$12,347$10,731$7,029
14 years$17,060$14,765$12,739$10,960$9,406$5,924
15 years$15,758$13,488$11,502$9,775$8,282$5,012
16 years$14,620$12,375$10,428$8,752$7,320$4,253
17 years$13,617$11,397$9,489$7,864$6,490$3,618
18 years$12,727$10,531$8,662$7,087$5,771$3,084
19 years$11,931$9,760$7,930$6,404$5,144$2,633
20 years$11,216$9,070$7,278$5,800$4,594$2,252
21 years$10,569$8,448$6,694$5,264$4,112$1,929
22 years$9,982$7,886$6,170$4,786$3,685$1,653
23 years$9,447$7,376$5,697$4,359$3,308$1,419
24 years$8,958$6,911$5,268$3,975$2,973$1,218
25 years$8,508$6,485$4,880$3,630$2,676$1,047
26 years$8,093$6,095$4,526$3,319$2,410$900
27 years$7,710$5,736$4,202$3,038$2,173$774
28 years$7,355$5,405$3,907$2,784$1,961$666
29 years$7,025$5,099$3,635$2,553$1,770$574
30 years$6,717$4,816$3,386$2,343$1,600$494
31 years$6,430$4,552$3,157$2,152$1,446$425
32 years$6,162$4,307$2,945$1,977$1,308$367
33 years$5,910$4,079$2,750$1,818$1,184$316
34 years$5,673$3,866$2,570$1,673$1,072$272
35 years$5,451$3,667$2,402$1,540$971$235
36 years$5,241$3,481$2,247$1,418$880$202
37 years$5,043$3,306$2,104$1,307$797$174
38 years$4,856$3,142$1,970$1,205$723$150
39 years$4,679$2,987$1,846$1,111$655$130
40 years$4,512$2,842$1,730$1,025$595$112
41 years$4,353$2,706$1,622$945$539$97
42 years$4,201$2,577$1,522$872$489$83
43 years$4,058$2,455$1,428$805$444$72
44 years$3,921$2,340$1,340$744$403$62
45 years$3,791$2,232$1,258$687$366$53
46 years$3,666$2,129$1,182$634$332$46
47 years$3,548$2,032$1,110$586$302$40
48 years$3,434$1,939$1,043$541$274$34
49 years$3,326$1,852$981$500$249$30
50 years$3,222$1,769$922$463$226$26

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 $3,472 every year, while hoping to spend $34,141 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: 51/33/16 Blend
56$3,300,000$3,300,000$3,300,000$3,300,000
57$3,640,181$3,465,281$3,414,131$3,809,729
58$3,975,154$3,598,754$3,492,179$4,060,035
59$4,343,150$3,737,623$3,571,697$4,328,162
60$4,747,501$3,882,117$3,652,699$4,618,916
61$5,191,878$4,032,472$3,735,196$4,934,445
62$5,680,326$4,188,940$3,819,202$5,277,110
63$6,217,300$4,351,779$3,904,726$5,649,508
64$6,807,710$4,521,261$3,991,779$6,054,493
65$7,456,962$4,697,669$4,080,370$6,495,204
66$8,171,017$4,881,300$4,170,507$6,975,094
67$8,956,439$5,072,462$4,262,197$7,497,961
68$9,820,462$5,271,478$4,355,446$8,067,983
69$10,771,054$5,478,686$4,450,259$8,689,757
70$11,816,997$5,694,437$4,546,639$9,368,341
71$12,967,967$5,919,100$4,644,587$10,109,299
72$14,234,622$6,153,059$4,744,103$10,918,756
73$15,628,710$6,396,715$4,845,187$11,803,453
74$17,163,174$6,650,489$4,947,836$12,770,809
75$18,852,272$6,914,818$5,052,044$13,828,989
76$20,711,721$7,190,161$5,157,804$14,986,983
77$22,758,833$7,476,995$5,265,107$16,254,685
78$25,012,688$7,775,822$5,373,942$17,642,990
79$27,494,309$8,087,164$5,484,295$19,163,892
80$30,226,860$8,411,567$5,596,151$20,830,597
81$33,235,867$8,749,601$5,709,490$22,657,645
82$36,549,458$9,101,864$5,824,290$24,661,048
83$40,198,627$9,468,979$5,940,528$26,858,436
84$44,217,526$9,851,599$6,058,175$29,269,226
85$48,643,790$10,250,404$6,177,200$31,914,799
86$53,518,890$10,666,106$6,297,569$34,818,705
87$58,888,522$11,099,451$6,419,243$38,006,878
88$64,803,045$11,551,218$6,542,181$41,507,882
89$71,317,947$12,022,219$6,666,336$45,353,177
90$78,494,377$12,513,307$6,791,658$49,577,418
91$86,399,715$13,025,371$6,918,090$54,218,771
92$95,108,214$13,559,342$7,045,574$59,319,281
93$104,701,695$14,116,193$7,174,044$64,925,260
94$115,270,323$14,696,942$7,303,430$71,087,722
95$126,913,456$15,302,652$7,433,655$77,862,866
96$139,740,585$15,934,438$7,564,638$85,312,598
97$153,872,361$16,593,462$7,696,290$93,505,118
98$169,441,744$17,280,944$7,828,518$102,515,555
99$186,595,247$17,998,155$7,961,218$112,426,678
100$205,494,327$18,746,429$8,094,283$123,329,672