Can I retire at age 58 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%11.9%
1 years$272,511$270,084$267,715$265,404$263,147$261,051
2 years$134,906$132,394$129,959$127,598$125,308$123,195
3 years$89,044$86,521$84,092$81,753$79,500$77,436
4 years$66,118$63,602$61,197$58,899$56,700$54,701
5 years$52,365$49,865$47,492$45,240$43,103$41,174
6 years$43,200$40,718$38,380$36,179$34,106$32,250
7 years$36,656$34,195$31,894$29,744$27,737$25,955
8 years$31,750$29,312$27,049$24,952$23,011$21,302
9 years$27,937$25,521$23,297$21,253$19,378$17,743
10 years$24,887$22,496$20,311$18,321$16,511$14,948
11 years$22,394$20,026$17,881$15,944$14,200$12,708
12 years$20,318$17,975$15,869$13,985$12,306$10,883
13 years$18,563$16,244$14,178$12,347$10,731$9,376
14 years$17,060$14,765$12,739$10,960$9,406$8,119
15 years$15,758$13,488$11,502$9,775$8,282$7,059
16 years$14,620$12,375$10,428$8,752$7,320$6,160
17 years$13,617$11,397$9,489$7,864$6,490$5,391
18 years$12,727$10,531$8,662$7,087$5,771$4,730
19 years$11,931$9,760$7,930$6,404$5,144$4,160
20 years$11,216$9,070$7,278$5,800$4,594$3,665
21 years$10,569$8,448$6,694$5,264$4,112$3,235
22 years$9,982$7,886$6,170$4,786$3,685$2,859
23 years$9,447$7,376$5,697$4,359$3,308$2,530
24 years$8,958$6,911$5,268$3,975$2,973$2,242
25 years$8,508$6,485$4,880$3,630$2,676$1,988
26 years$8,093$6,095$4,526$3,319$2,410$1,765
27 years$7,710$5,736$4,202$3,038$2,173$1,568
28 years$7,355$5,405$3,907$2,784$1,961$1,393
29 years$7,025$5,099$3,635$2,553$1,770$1,239
30 years$6,717$4,816$3,386$2,343$1,600$1,103
31 years$6,430$4,552$3,157$2,152$1,446$982
32 years$6,162$4,307$2,945$1,977$1,308$875
33 years$5,910$4,079$2,750$1,818$1,184$779
34 years$5,673$3,866$2,570$1,673$1,072$694
35 years$5,451$3,667$2,402$1,540$971$619
36 years$5,241$3,481$2,247$1,418$880$552
37 years$5,043$3,306$2,104$1,307$797$492
38 years$4,856$3,142$1,970$1,205$723$439
39 years$4,679$2,987$1,846$1,111$655$392
40 years$4,512$2,842$1,730$1,025$595$350
41 years$4,353$2,706$1,622$945$539$312
42 years$4,201$2,577$1,522$872$489$279
43 years$4,058$2,455$1,428$805$444$249
44 years$3,921$2,340$1,340$744$403$222
45 years$3,791$2,232$1,258$687$366$198
46 years$3,666$2,129$1,182$634$332$177
47 years$3,548$2,032$1,110$586$302$158
48 years$3,434$1,939$1,043$541$274$141
49 years$3,326$1,852$981$500$249$126
50 years$3,222$1,769$922$463$226$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $3,300,000, adding $3,364 every year, while hoping to spend $46,534 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: 50/25/25 Blend
57$3,300,000$3,300,000$3,300,000$3,300,000
58$3,640,070$3,465,170$3,414,020$3,796,268
59$3,961,845$3,585,451$3,478,878$4,025,663
60$4,314,882$3,710,067$3,544,349$4,269,894
61$4,702,320$3,839,180$3,610,404$4,534,415
62$5,127,617$3,972,960$3,677,013$4,821,166
63$5,594,582$4,111,584$3,744,142$5,132,285
64$6,107,413$4,255,235$3,811,754$5,470,123
65$6,670,731$4,404,103$3,879,809$5,837,266
66$7,289,629$4,558,388$3,948,266$6,236,562
67$7,969,716$4,718,294$4,017,078$6,671,144
68$8,717,174$4,884,037$4,086,197$7,144,461
69$9,538,811$5,055,840$4,155,570$7,660,310
70$10,442,127$5,233,934$4,225,139$8,222,870
71$11,435,389$5,418,561$4,294,846$8,836,743
72$12,527,700$5,609,972$4,364,625$9,506,995
73$13,729,093$5,808,428$4,434,407$10,239,205
74$15,050,620$6,014,201$4,504,120$11,039,515
75$16,504,460$6,227,574$4,573,684$11,914,689
76$18,104,030$6,448,839$4,643,017$12,872,176
77$19,864,113$6,678,305$4,712,031$13,920,180
78$21,800,999$6,916,289$4,780,631$15,067,735
79$23,932,636$7,163,122$4,848,717$16,324,793
80$26,278,800$7,419,150$4,916,184$17,702,312
81$28,861,282$7,684,732$4,982,920$19,212,365
82$31,704,091$7,960,242$5,048,806$20,868,250
83$34,833,683$8,246,069$5,113,716$22,684,613
84$38,279,211$8,542,619$5,177,518$24,677,589
85$42,072,797$8,850,313$5,240,071$26,864,952
86$46,249,835$9,169,591$5,301,226$29,266,281
87$50,849,327$9,500,911$5,360,826$31,903,148
88$55,914,251$9,844,748$5,418,707$34,799,313
89$61,491,964$10,201,600$5,474,692$37,980,957
90$67,634,649$10,571,982$5,528,599$41,476,921
91$74,399,808$10,956,435$5,580,232$45,318,979
92$81,850,806$11,355,518$5,629,388$49,542,140
93$90,057,466$11,769,816$5,675,850$54,184,975
94$99,096,728$12,199,937$5,719,391$59,289,979
95$109,053,377$12,646,517$5,759,774$64,903,972
96$120,020,841$13,110,216$5,796,746$71,078,544
97$132,102,073$13,591,722$5,830,043$77,870,533
98$145,410,522$14,091,755$5,859,387$85,342,567
99$160,071,206$14,611,061$5,884,487$93,563,651
100$176,221,886$15,150,420$5,905,035$102,609,818