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%12.2%
1 years$272,511$270,084$267,715$265,404$263,147$260,724
2 years$134,906$132,394$129,959$127,598$125,308$122,867
3 years$89,044$86,521$84,092$81,753$79,500$77,117
4 years$66,118$63,602$61,197$58,899$56,700$54,393
5 years$52,365$49,865$47,492$45,240$43,103$40,878
6 years$43,200$40,718$38,380$36,179$34,106$31,966
7 years$36,656$34,195$31,894$29,744$27,737$25,684
8 years$31,750$29,312$27,049$24,952$23,011$21,043
9 years$27,937$25,521$23,297$21,253$19,378$17,497
10 years$24,887$22,496$20,311$18,321$16,511$14,714
11 years$22,394$20,026$17,881$15,944$14,200$12,486
12 years$20,318$17,975$15,869$13,985$12,306$10,673
13 years$18,563$16,244$14,178$12,347$10,731$9,178
14 years$17,060$14,765$12,739$10,960$9,406$7,931
15 years$15,758$13,488$11,502$9,775$8,282$6,882
16 years$14,620$12,375$10,428$8,752$7,320$5,993
17 years$13,617$11,397$9,489$7,864$6,490$5,234
18 years$12,727$10,531$8,662$7,087$5,771$4,583
19 years$11,931$9,760$7,930$6,404$5,144$4,021
20 years$11,216$9,070$7,278$5,800$4,594$3,536
21 years$10,569$8,448$6,694$5,264$4,112$3,113
22 years$9,982$7,886$6,170$4,786$3,685$2,746
23 years$9,447$7,376$5,697$4,359$3,308$2,424
24 years$8,958$6,911$5,268$3,975$2,973$2,143
25 years$8,508$6,485$4,880$3,630$2,676$1,896
26 years$8,093$6,095$4,526$3,319$2,410$1,679
27 years$7,710$5,736$4,202$3,038$2,173$1,488
28 years$7,355$5,405$3,907$2,784$1,961$1,319
29 years$7,025$5,099$3,635$2,553$1,770$1,171
30 years$6,717$4,816$3,386$2,343$1,600$1,039
31 years$6,430$4,552$3,157$2,152$1,446$923
32 years$6,162$4,307$2,945$1,977$1,308$820
33 years$5,910$4,079$2,750$1,818$1,184$729
34 years$5,673$3,866$2,570$1,673$1,072$648
35 years$5,451$3,667$2,402$1,540$971$576
36 years$5,241$3,481$2,247$1,418$880$513
37 years$5,043$3,306$2,104$1,307$797$456
38 years$4,856$3,142$1,970$1,205$723$406
39 years$4,679$2,987$1,846$1,111$655$361
40 years$4,512$2,842$1,730$1,025$595$322
41 years$4,353$2,706$1,622$945$539$286
42 years$4,201$2,577$1,522$872$489$255
43 years$4,058$2,455$1,428$805$444$227
44 years$3,921$2,340$1,340$744$403$202
45 years$3,791$2,232$1,258$687$366$180
46 years$3,666$2,129$1,182$634$332$160
47 years$3,548$2,032$1,110$586$302$143
48 years$3,434$1,939$1,043$541$274$127
49 years$3,326$1,852$981$500$249$113
50 years$3,222$1,769$922$463$226$101

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 $2,024 every year, while hoping to spend $53,747 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: 74/15/11 Blend
56$3,300,000$3,300,000$3,300,000$3,300,000
57$3,638,688$3,463,788$3,412,638$3,900,089
58$3,952,648$3,576,327$3,469,775$4,185,449
59$4,296,830$3,692,579$3,527,024$4,491,079
60$4,674,261$3,812,670$3,584,334$4,824,439
61$5,088,273$3,936,728$3,641,647$5,188,259
62$5,542,537$4,064,888$3,698,902$5,585,549
63$6,041,097$4,197,289$3,756,037$6,019,619
64$6,588,406$4,334,074$3,812,981$6,494,118
65$7,189,372$4,475,391$3,869,664$7,013,061
66$7,849,397$4,621,395$3,926,008$7,580,872
67$8,574,437$4,772,244$3,981,930$8,202,420
68$9,371,049$4,928,104$4,037,344$8,883,072
69$10,246,459$5,089,144$4,092,158$9,628,735
70$11,208,628$5,255,542$4,146,275$10,445,919
71$12,266,324$5,427,480$4,199,592$11,341,790
72$13,429,209$5,605,146$4,251,998$12,324,247
73$14,707,927$5,788,737$4,303,379$13,401,986
74$16,114,207$5,978,456$4,353,613$14,584,590
75$17,660,968$6,174,513$4,402,571$15,882,614
76$19,362,447$6,377,124$4,450,118$17,307,686
77$21,234,328$6,586,515$4,496,108$18,872,617
78$23,293,894$6,802,919$4,540,393$20,591,519
79$25,560,187$7,026,577$4,582,811$22,479,939
80$28,054,186$7,257,740$4,623,195$24,555,009
81$30,799,009$7,496,665$4,661,369$26,835,601
82$33,820,128$7,743,622$4,697,145$29,342,507
83$37,145,609$7,998,887$4,730,327$32,098,636
84$40,806,378$8,262,750$4,760,710$35,129,231
85$44,836,511$8,535,506$4,788,075$38,462,102
86$49,273,555$8,817,466$4,812,196$42,127,892
87$54,158,885$9,108,950$4,832,832$46,160,363
88$59,538,091$9,410,288$4,849,731$50,596,718
89$65,461,408$9,721,824$4,862,629$55,477,946
90$71,984,192$10,043,914$4,871,248$60,849,214
91$79,167,441$10,376,926$4,875,296$66,760,290
92$87,078,367$10,721,243$4,874,466$73,266,010
93$95,791,038$11,077,261$4,868,437$80,426,800
94$105,387,067$11,445,390$4,856,873$88,309,242
95$115,956,390$11,826,056$4,839,420$96,986,702
96$127,598,108$12,219,700$4,815,708$106,540,026
97$140,421,428$12,626,778$4,785,347$117,058,296
98$154,546,689$13,047,765$4,747,931$128,639,674
99$170,106,497$13,483,152$4,703,033$141,392,330
100$187,246,982$13,933,448$4,650,207$155,435,456