Can I retire at age 65 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%19.5%
1 years$272,511$270,084$267,715$265,404$263,147$253,106
2 years$134,906$132,394$129,959$127,598$125,308$115,310
3 years$89,044$86,521$84,092$81,753$79,500$69,860
4 years$66,118$63,602$61,197$58,899$56,700$47,491
5 years$52,365$49,865$47,492$45,240$43,103$34,348
6 years$43,200$40,718$38,380$36,179$34,106$25,812
7 years$36,656$34,195$31,894$29,744$27,737$19,902
8 years$31,750$29,312$27,049$24,952$23,011$15,626
9 years$27,937$25,521$23,297$21,253$19,378$12,434
10 years$24,887$22,496$20,311$18,321$16,511$9,994
11 years$22,394$20,026$17,881$15,944$14,200$8,096
12 years$20,318$17,975$15,869$13,985$12,306$6,598
13 years$18,563$16,244$14,178$12,347$10,731$5,403
14 years$17,060$14,765$12,739$10,960$9,406$4,442
15 years$15,758$13,488$11,502$9,775$8,282$3,664
16 years$14,620$12,375$10,428$8,752$7,320$3,029
17 years$13,617$11,397$9,489$7,864$6,490$2,510
18 years$12,727$10,531$8,662$7,087$5,771$2,083
19 years$11,931$9,760$7,930$6,404$5,144$1,731
20 years$11,216$9,070$7,278$5,800$4,594$1,440
21 years$10,569$8,448$6,694$5,264$4,112$1,200
22 years$9,982$7,886$6,170$4,786$3,685$1,000
23 years$9,447$7,376$5,697$4,359$3,308$834
24 years$8,958$6,911$5,268$3,975$2,973$696
25 years$8,508$6,485$4,880$3,630$2,676$581
26 years$8,093$6,095$4,526$3,319$2,410$485
27 years$7,710$5,736$4,202$3,038$2,173$405
28 years$7,355$5,405$3,907$2,784$1,961$339
29 years$7,025$5,099$3,635$2,553$1,770$283
30 years$6,717$4,816$3,386$2,343$1,600$237
31 years$6,430$4,552$3,157$2,152$1,446$198
32 years$6,162$4,307$2,945$1,977$1,308$166
33 years$5,910$4,079$2,750$1,818$1,184$138
34 years$5,673$3,866$2,570$1,673$1,072$116
35 years$5,451$3,667$2,402$1,540$971$97
36 years$5,241$3,481$2,247$1,418$880$81
37 years$5,043$3,306$2,104$1,307$797$68
38 years$4,856$3,142$1,970$1,205$723$57
39 years$4,679$2,987$1,846$1,111$655$47
40 years$4,512$2,842$1,730$1,025$595$40
41 years$4,353$2,706$1,622$945$539$33
42 years$4,201$2,577$1,522$872$489$28
43 years$4,058$2,455$1,428$805$444$23
44 years$3,921$2,340$1,340$744$403$19
45 years$3,791$2,232$1,258$687$366$16
46 years$3,666$2,129$1,182$634$332$14
47 years$3,548$2,032$1,110$586$302$11
48 years$3,434$1,939$1,043$541$274$10
49 years$3,326$1,852$981$500$249$8
50 years$3,222$1,769$922$463$226$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,300,000, adding $2,520 every year, while hoping to spend $44,882 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: 55/20/25 Blend
64$3,300,000$3,300,000$3,300,000$3,300,000
65$3,639,199$3,464,299$3,413,149$3,814,208
66$3,962,644$3,586,296$3,479,736$4,056,787
67$4,317,575$3,712,766$3,547,049$4,315,948
68$4,707,158$3,843,882$3,615,065$4,597,271
69$5,134,877$3,979,821$3,683,759$4,902,900
70$5,604,573$4,120,771$3,753,103$5,235,193
71$6,120,475$4,266,925$3,823,068$5,596,748
72$6,687,243$4,418,483$3,893,620$5,990,422
73$7,310,009$4,575,656$3,964,723$6,419,361
74$7,994,428$4,738,661$4,036,340$6,887,029
75$8,746,730$4,907,726$4,108,427$7,397,238
76$9,573,778$5,083,086$4,180,941$7,954,185
77$10,483,134$5,264,988$4,253,833$8,562,495
78$11,483,128$5,453,687$4,327,051$9,227,255
79$12,582,939$5,649,449$4,400,540$9,954,072
80$13,792,680$5,852,553$4,474,239$10,749,116
81$15,123,492$6,063,287$4,548,084$11,619,185
82$16,587,651$6,281,952$4,622,009$12,571,766
83$18,198,685$6,508,860$4,695,939$13,615,104
84$19,971,495$6,744,338$4,769,797$14,758,280
85$21,922,502$6,988,726$4,843,500$16,011,297
86$24,069,801$7,242,378$4,916,961$17,385,173
87$26,433,327$7,505,661$4,990,086$18,892,044
88$29,035,048$7,778,959$5,062,775$20,545,280
89$31,899,168$8,062,674$5,134,923$22,359,609
90$35,052,359$8,357,220$5,206,419$24,351,254
91$38,524,008$8,663,033$5,277,143$26,538,089
92$42,346,500$8,980,564$5,346,970$28,939,803
93$46,555,516$9,310,285$5,415,766$31,578,089
94$51,190,377$9,652,687$5,483,393$34,476,846
95$56,294,409$10,008,282$5,549,700$37,662,402
96$61,915,355$10,377,604$5,614,531$41,163,766
97$68,105,822$10,761,208$5,677,719$45,012,898
98$74,923,784$11,159,675$5,739,090$49,245,011
99$82,433,119$11,573,608$5,798,459$53,898,903
100$90,704,220$12,003,637$5,855,630$59,017,320