Can I retire at age 59 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%16.1%
1 years$272,511$270,084$267,715$265,404$263,147$256,577
2 years$134,906$132,394$129,959$127,598$125,308$118,731
3 years$89,044$86,521$84,092$81,753$79,500$73,121
4 years$66,118$63,602$61,197$58,899$56,700$50,568
5 years$52,365$49,865$47,492$45,240$43,103$37,235
6 years$43,200$40,718$38,380$36,179$34,106$28,508
7 years$36,656$34,195$31,894$29,744$27,737$22,410
8 years$31,750$29,312$27,049$24,952$23,011$17,952
9 years$27,937$25,521$23,297$21,253$19,378$14,584
10 years$24,887$22,496$20,311$18,321$16,511$11,975
11 years$22,394$20,026$17,881$15,944$14,200$9,916
12 years$20,318$17,975$15,869$13,985$12,306$8,266
13 years$18,563$16,244$14,178$12,347$10,731$6,927
14 years$17,060$14,765$12,739$10,960$9,406$5,831
15 years$15,758$13,488$11,502$9,775$8,282$4,926
16 years$14,620$12,375$10,428$8,752$7,320$4,174
17 years$13,617$11,397$9,489$7,864$6,490$3,545
18 years$12,727$10,531$8,662$7,087$5,771$3,018
19 years$11,931$9,760$7,930$6,404$5,144$2,573
20 years$11,216$9,070$7,278$5,800$4,594$2,197
21 years$10,569$8,448$6,694$5,264$4,112$1,879
22 years$9,982$7,886$6,170$4,786$3,685$1,608
23 years$9,447$7,376$5,697$4,359$3,308$1,378
24 years$8,958$6,911$5,268$3,975$2,973$1,181
25 years$8,508$6,485$4,880$3,630$2,676$1,013
26 years$8,093$6,095$4,526$3,319$2,410$870
27 years$7,710$5,736$4,202$3,038$2,173$747
28 years$7,355$5,405$3,907$2,784$1,961$642
29 years$7,025$5,099$3,635$2,553$1,770$552
30 years$6,717$4,816$3,386$2,343$1,600$474
31 years$6,430$4,552$3,157$2,152$1,446$408
32 years$6,162$4,307$2,945$1,977$1,308$351
33 years$5,910$4,079$2,750$1,818$1,184$302
34 years$5,673$3,866$2,570$1,673$1,072$260
35 years$5,451$3,667$2,402$1,540$971$223
36 years$5,241$3,481$2,247$1,418$880$192
37 years$5,043$3,306$2,104$1,307$797$166
38 years$4,856$3,142$1,970$1,205$723$143
39 years$4,679$2,987$1,846$1,111$655$123
40 years$4,512$2,842$1,730$1,025$595$106
41 years$4,353$2,706$1,622$945$539$91
42 years$4,201$2,577$1,522$872$489$78
43 years$4,058$2,455$1,428$805$444$67
44 years$3,921$2,340$1,340$744$403$58
45 years$3,791$2,232$1,258$687$366$50
46 years$3,666$2,129$1,182$634$332$43
47 years$3,548$2,032$1,110$586$302$37
48 years$3,434$1,939$1,043$541$274$32
49 years$3,326$1,852$981$500$249$28
50 years$3,222$1,769$922$463$226$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,300,000, adding $5,466 every year, while hoping to spend $21,362 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: 40/42/18 Blend
58$3,300,000$3,300,000$3,300,000$3,300,000
59$3,642,238$3,467,338$3,416,188$3,768,272
60$3,991,017$3,614,509$3,507,901$4,005,828
61$4,374,656$3,768,175$3,601,971$4,260,186
62$4,796,688$3,928,632$3,698,454$4,534,910
63$5,261,005$4,096,189$3,797,407$4,831,863
64$5,771,896$4,271,172$3,898,889$5,153,089
65$6,334,088$4,453,918$4,002,960$5,500,833
66$6,952,787$4,644,782$4,109,682$5,877,556
67$7,633,732$4,844,136$4,219,116$6,285,964
68$8,383,243$5,052,369$4,331,327$6,729,027
69$9,208,286$5,269,888$4,446,379$7,210,005
70$10,116,538$5,497,119$4,564,339$7,732,484
71$11,116,455$5,734,508$4,685,274$8,300,399
72$12,217,356$5,982,522$4,809,254$8,918,079
73$13,429,510$6,241,650$4,936,348$9,590,276
74$14,764,233$6,512,403$5,066,629$10,322,219
75$16,233,993$6,795,318$5,200,168$11,119,652
76$17,852,527$7,090,957$5,337,041$11,988,894
77$19,634,976$7,399,905$5,477,324$12,936,890
78$21,598,022$7,722,779$5,621,092$13,971,279
79$23,760,048$8,060,222$5,768,426$15,100,464
80$26,141,309$8,412,909$5,919,405$16,333,685
81$28,764,128$8,781,547$6,074,110$17,681,107
82$31,653,101$9,166,875$6,232,625$19,153,915
83$34,835,333$9,569,667$6,395,033$20,764,414
84$38,340,691$9,990,735$6,561,421$22,526,141
85$42,202,089$10,430,929$6,731,876$24,453,997
86$46,455,795$10,891,137$6,906,487$26,564,377
87$51,141,775$11,372,292$7,085,343$28,875,325
88$56,304,071$11,875,369$7,268,537$31,406,702
89$61,991,215$12,401,391$7,456,162$34,180,368
90$68,256,688$12,951,428$7,648,312$37,220,389
91$75,159,424$13,526,601$7,845,084$40,553,252
92$82,764,366$14,128,086$8,046,575$44,208,122
93$91,143,080$14,757,111$8,252,885$48,217,106
94$100,374,431$15,414,967$8,464,114$52,615,552
95$110,545,325$16,103,002$8,680,363$57,442,384
96$121,751,530$16,822,631$8,901,737$62,740,459
97$134,098,582$17,575,335$9,128,341$68,556,968
98$147,702,777$18,362,666$9,360,280$74,943,879
99$162,692,273$19,186,250$9,597,662$81,958,421
100$179,208,298$20,047,789$9,840,597$89,663,616