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%11.5%
1 years$272,511$270,084$267,715$265,404$263,147$261,488
2 years$134,906$132,394$129,959$127,598$125,308$123,635
3 years$89,044$86,521$84,092$81,753$79,500$77,865
4 years$66,118$63,602$61,197$58,899$56,700$55,115
5 years$52,365$49,865$47,492$45,240$43,103$41,572
6 years$43,200$40,718$38,380$36,179$34,106$32,631
7 years$36,656$34,195$31,894$29,744$27,737$26,320
8 years$31,750$29,312$27,049$24,952$23,011$21,651
9 years$27,937$25,521$23,297$21,253$19,378$18,076
10 years$24,887$22,496$20,311$18,321$16,511$15,265
11 years$22,394$20,026$17,881$15,944$14,200$13,009
12 years$20,318$17,975$15,869$13,985$12,306$11,169
13 years$18,563$16,244$14,178$12,347$10,731$9,648
14 years$17,060$14,765$12,739$10,960$9,406$8,375
15 years$15,758$13,488$11,502$9,775$8,282$7,302
16 years$14,620$12,375$10,428$8,752$7,320$6,389
17 years$13,617$11,397$9,489$7,864$6,490$5,607
18 years$12,727$10,531$8,662$7,087$5,771$4,934
19 years$11,931$9,760$7,930$6,404$5,144$4,351
20 years$11,216$9,070$7,278$5,800$4,594$3,845
21 years$10,569$8,448$6,694$5,264$4,112$3,404
22 years$9,982$7,886$6,170$4,786$3,685$3,017
23 years$9,447$7,376$5,697$4,359$3,308$2,678
24 years$8,958$6,911$5,268$3,975$2,973$2,380
25 years$8,508$6,485$4,880$3,630$2,676$2,118
26 years$8,093$6,095$4,526$3,319$2,410$1,885
27 years$7,710$5,736$4,202$3,038$2,173$1,680
28 years$7,355$5,405$3,907$2,784$1,961$1,498
29 years$7,025$5,099$3,635$2,553$1,770$1,337
30 years$6,717$4,816$3,386$2,343$1,600$1,193
31 years$6,430$4,552$3,157$2,152$1,446$1,066
32 years$6,162$4,307$2,945$1,977$1,308$953
33 years$5,910$4,079$2,750$1,818$1,184$852
34 years$5,673$3,866$2,570$1,673$1,072$761
35 years$5,451$3,667$2,402$1,540$971$681
36 years$5,241$3,481$2,247$1,418$880$609
37 years$5,043$3,306$2,104$1,307$797$545
38 years$4,856$3,142$1,970$1,205$723$488
39 years$4,679$2,987$1,846$1,111$655$437
40 years$4,512$2,842$1,730$1,025$595$392
41 years$4,353$2,706$1,622$945$539$351
42 years$4,201$2,577$1,522$872$489$314
43 years$4,058$2,455$1,428$805$444$281
44 years$3,921$2,340$1,340$744$403$252
45 years$3,791$2,232$1,258$687$366$226
46 years$3,666$2,129$1,182$634$332$202
47 years$3,548$2,032$1,110$586$302$181
48 years$3,434$1,939$1,043$541$274$163
49 years$3,326$1,852$981$500$249$146
50 years$3,222$1,769$922$463$226$131

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 $6,386 every year, while hoping to spend $33,039 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: 40/37/23 Blend
59$3,300,000$3,300,000$3,300,000$3,300,000
60$3,643,187$3,468,287$3,417,137$3,763,895
61$3,979,639$3,603,080$3,496,458$3,986,156
62$4,349,302$3,743,370$3,577,329$4,222,852
63$4,755,528$3,889,393$3,659,767$4,478,264
64$5,202,010$4,041,392$3,743,788$4,754,120
65$5,692,819$4,199,624$3,829,408$5,052,316
66$6,232,437$4,364,356$3,916,644$5,374,937
67$6,825,803$4,535,866$4,005,508$5,724,270
68$7,478,358$4,714,447$4,096,016$6,102,832
69$8,196,098$4,900,402$4,188,180$6,513,386
70$8,985,628$5,094,050$4,282,013$6,958,971
71$9,854,227$5,295,723$4,377,524$7,442,926
72$10,809,912$5,505,768$4,474,726$7,968,923
73$11,861,520$5,724,548$4,573,626$8,540,999
74$13,018,786$5,952,441$4,674,233$9,163,596
75$14,292,435$6,189,844$4,776,553$9,841,596
76$15,694,287$6,437,170$4,880,591$10,580,371
77$17,237,365$6,694,852$4,986,352$11,385,831
78$18,936,018$6,963,341$5,093,836$12,264,477
79$20,806,057$7,243,110$5,203,045$13,223,462
80$22,864,905$7,534,653$5,313,978$14,270,657
81$25,131,760$7,838,485$5,426,630$15,414,724
82$27,627,775$8,155,146$5,540,998$16,665,196
83$30,376,259$8,485,200$5,657,072$18,032,564
84$33,402,898$8,829,235$5,774,845$19,528,378
85$36,735,994$9,187,869$5,894,303$21,165,350
86$40,406,736$9,561,744$6,015,432$22,957,473
87$44,449,488$9,951,535$6,138,214$24,920,154
88$48,902,121$10,357,946$6,262,630$27,070,355
89$53,806,365$10,781,712$6,388,655$29,426,749
90$59,208,202$11,223,604$6,516,263$32,009,899
91$65,158,305$11,684,427$6,645,424$34,842,447
92$71,712,511$12,165,022$6,776,104$37,949,325
93$78,932,349$12,666,271$6,908,266$41,357,988
94$86,885,624$13,189,093$7,041,868$45,098,671
95$95,647,051$13,734,452$7,176,864$49,204,673
96$105,298,965$14,303,355$7,313,204$53,712,666
97$115,932,095$14,896,856$7,450,833$58,663,039
98$127,646,423$15,516,056$7,589,690$64,100,277
99$140,552,124$16,162,109$7,729,710$70,073,378
100$154,770,608$16,836,219$7,870,823$76,636,312