Can I retire at age 60 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%18%
1 years$272,511$270,084$267,715$265,404$263,147$254,621
2 years$134,906$132,394$129,959$127,598$125,308$116,799
3 years$89,044$86,521$84,092$81,753$79,500$71,275
4 years$66,118$63,602$61,197$58,899$56,700$48,821
5 years$52,365$49,865$47,492$45,240$43,103$35,590
6 years$43,200$40,718$38,380$36,179$34,106$26,967
7 years$36,656$34,195$31,894$29,744$27,737$20,971
8 years$31,750$29,312$27,049$24,952$23,011$16,613
9 years$27,937$25,521$23,297$21,253$19,378$13,341
10 years$24,887$22,496$20,311$18,321$16,511$10,825
11 years$22,394$20,026$17,881$15,944$14,200$8,855
12 years$20,318$17,975$15,869$13,985$12,306$7,289
13 years$18,563$16,244$14,178$12,347$10,731$6,031
14 years$17,060$14,765$12,739$10,960$9,406$5,010
15 years$15,758$13,488$11,502$9,775$8,282$4,176
16 years$14,620$12,375$10,428$8,752$7,320$3,491
17 years$13,617$11,397$9,489$7,864$6,490$2,924
18 years$12,727$10,531$8,662$7,087$5,771$2,454
19 years$11,931$9,760$7,930$6,404$5,144$2,063
20 years$11,216$9,070$7,278$5,800$4,594$1,737
21 years$10,569$8,448$6,694$5,264$4,112$1,463
22 years$9,982$7,886$6,170$4,786$3,685$1,234
23 years$9,447$7,376$5,697$4,359$3,308$1,041
24 years$8,958$6,911$5,268$3,975$2,973$880
25 years$8,508$6,485$4,880$3,630$2,676$743
26 years$8,093$6,095$4,526$3,319$2,410$628
27 years$7,710$5,736$4,202$3,038$2,173$531
28 years$7,355$5,405$3,907$2,784$1,961$449
29 years$7,025$5,099$3,635$2,553$1,770$380
30 years$6,717$4,816$3,386$2,343$1,600$322
31 years$6,430$4,552$3,157$2,152$1,446$273
32 years$6,162$4,307$2,945$1,977$1,308$231
33 years$5,910$4,079$2,750$1,818$1,184$195
34 years$5,673$3,866$2,570$1,673$1,072$165
35 years$5,451$3,667$2,402$1,540$971$140
36 years$5,241$3,481$2,247$1,418$880$119
37 years$5,043$3,306$2,104$1,307$797$101
38 years$4,856$3,142$1,970$1,205$723$85
39 years$4,679$2,987$1,846$1,111$655$72
40 years$4,512$2,842$1,730$1,025$595$61
41 years$4,353$2,706$1,622$945$539$52
42 years$4,201$2,577$1,522$872$489$44
43 years$4,058$2,455$1,428$805$444$37
44 years$3,921$2,340$1,340$744$403$32
45 years$3,791$2,232$1,258$687$366$27
46 years$3,666$2,129$1,182$634$332$23
47 years$3,548$2,032$1,110$586$302$19
48 years$3,434$1,939$1,043$541$274$16
49 years$3,326$1,852$981$500$249$14
50 years$3,222$1,769$922$463$226$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $3,300,000, adding $4,298 every year, while hoping to spend $40,940 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: 41/36/23 Blend
59$3,300,000$3,300,000$3,300,000$3,300,000
60$3,641,033$3,466,133$3,414,983$3,765,503
61$3,968,859$3,592,414$3,485,825$3,981,373
62$4,328,751$3,723,510$3,557,669$4,210,656
63$4,723,936$3,859,615$3,630,503$4,458,015
64$5,157,970$4,000,929$3,704,318$4,725,131
65$5,634,770$4,147,661$3,779,099$5,013,847
66$6,158,650$4,300,030$3,854,833$5,326,194
67$6,734,363$4,458,263$3,931,501$5,664,400
68$7,367,146$4,622,596$4,009,084$6,030,916
69$8,062,769$4,793,277$4,087,562$6,428,437
70$8,827,586$4,970,562$4,166,910$6,859,926
71$9,668,601$5,154,721$4,247,103$7,328,643
72$10,593,529$5,346,032$4,328,111$7,838,172
73$11,610,868$5,544,788$4,409,903$8,392,457
74$12,729,986$5,751,291$4,492,443$8,995,835
75$13,961,201$5,965,860$4,575,696$9,653,079
76$15,315,880$6,188,825$4,659,619$10,369,443
77$16,806,553$6,420,530$4,744,169$11,150,704
78$18,447,020$6,661,335$4,829,298$12,003,224
79$20,252,490$6,911,614$4,914,953$12,934,004
80$22,239,720$7,171,760$5,001,080$13,950,750
81$24,427,174$7,442,179$5,087,619$15,061,943
82$26,835,197$7,723,296$5,174,506$16,276,922
83$29,486,207$8,015,557$5,261,671$17,605,967
84$32,404,905$8,319,424$5,349,042$19,060,396
85$35,618,510$8,635,381$5,436,539$20,652,671
86$39,157,014$8,963,931$5,524,079$22,396,515
87$43,053,466$9,305,600$5,611,573$24,307,035
88$47,344,283$9,660,938$5,698,924$26,400,872
89$52,069,593$10,030,517$5,786,031$28,696,349
90$57,273,615$10,414,936$5,872,787$31,213,644
91$63,005,075$10,814,819$5,959,076$33,974,981
92$69,317,664$11,230,816$6,044,776$37,004,838
93$76,270,548$11,663,609$6,129,759$40,330,172
94$83,928,925$12,113,907$6,213,887$43,980,676
95$92,364,638$12,582,451$6,297,015$47,989,057
96$101,656,855$13,070,014$6,378,988$52,391,340
97$111,892,815$13,577,406$6,459,646$57,227,209
98$123,168,653$14,105,470$6,538,814$62,540,376
99$135,590,303$14,655,085$6,616,312$68,378,995
100$149,274,502$15,227,173$6,691,947$74,796,111