Can I retire at age 66 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%14%
1 years$272,511$270,084$267,715$265,404$263,147$258,787
2 years$134,906$132,394$129,959$127,598$125,308$120,929
3 years$89,044$86,521$84,092$81,753$79,500$75,238
4 years$66,118$63,602$61,197$58,899$56,700$52,587
5 years$52,365$49,865$47,492$45,240$43,103$39,150
6 years$43,200$40,718$38,380$36,179$34,106$30,319
7 years$36,656$34,195$31,894$29,744$27,737$24,117
8 years$31,750$29,312$27,049$24,952$23,011$19,557
9 years$27,937$25,521$23,297$21,253$19,378$16,088
10 years$24,887$22,496$20,311$18,321$16,511$13,383
11 years$22,394$20,026$17,881$15,944$14,200$11,230
12 years$20,318$17,975$15,869$13,985$12,306$9,490
13 years$18,563$16,244$14,178$12,347$10,731$8,065
14 years$17,060$14,765$12,739$10,960$9,406$6,886
15 years$15,758$13,488$11,502$9,775$8,282$5,903
16 years$14,620$12,375$10,428$8,752$7,320$5,076
17 years$13,617$11,397$9,489$7,864$6,490$4,377
18 years$12,727$10,531$8,662$7,087$5,771$3,784
19 years$11,931$9,760$7,930$6,404$5,144$3,277
20 years$11,216$9,070$7,278$5,800$4,594$2,843
21 years$10,569$8,448$6,694$5,264$4,112$2,470
22 years$9,982$7,886$6,170$4,786$3,685$2,149
23 years$9,447$7,376$5,697$4,359$3,308$1,871
24 years$8,958$6,911$5,268$3,975$2,973$1,631
25 years$8,508$6,485$4,880$3,630$2,676$1,423
26 years$8,093$6,095$4,526$3,319$2,410$1,242
27 years$7,710$5,736$4,202$3,038$2,173$1,085
28 years$7,355$5,405$3,907$2,784$1,961$948
29 years$7,025$5,099$3,635$2,553$1,770$829
30 years$6,717$4,816$3,386$2,343$1,600$725
31 years$6,430$4,552$3,157$2,152$1,446$635
32 years$6,162$4,307$2,945$1,977$1,308$556
33 years$5,910$4,079$2,750$1,818$1,184$486
34 years$5,673$3,866$2,570$1,673$1,072$426
35 years$5,451$3,667$2,402$1,540$971$373
36 years$5,241$3,481$2,247$1,418$880$327
37 years$5,043$3,306$2,104$1,307$797$286
38 years$4,856$3,142$1,970$1,205$723$251
39 years$4,679$2,987$1,846$1,111$655$220
40 years$4,512$2,842$1,730$1,025$595$193
41 years$4,353$2,706$1,622$945$539$169
42 years$4,201$2,577$1,522$872$489$148
43 years$4,058$2,455$1,428$805$444$130
44 years$3,921$2,340$1,340$744$403$114
45 years$3,791$2,232$1,258$687$366$100
46 years$3,666$2,129$1,182$634$332$88
47 years$3,548$2,032$1,110$586$302$77
48 years$3,434$1,939$1,043$541$274$67
49 years$3,326$1,852$981$500$249$59
50 years$3,222$1,769$922$463$226$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,300,000, adding $4,219 every year, while hoping to spend $20,087 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: 59/29/12 Blend
65$3,300,000$3,300,000$3,300,000$3,300,000
66$3,640,952$3,466,052$3,414,902$3,844,857
67$3,990,957$3,614,516$3,507,929$4,131,141
68$4,375,989$3,769,582$3,603,399$4,440,547
69$4,799,599$3,931,551$3,701,372$4,777,448
70$5,265,702$4,100,741$3,801,912$5,144,493
71$5,778,608$4,277,482$3,905,081$5,544,594
72$6,343,069$4,462,121$4,010,944$5,980,953
73$6,964,318$4,655,021$4,119,567$6,457,092
74$7,648,124$4,856,563$4,231,018$6,976,885
75$8,400,842$5,067,143$4,345,366$7,544,595
76$9,229,474$5,287,180$4,462,682$8,164,910
77$10,141,737$5,517,108$4,583,038$8,842,987
78$11,146,132$5,757,384$4,706,508$9,584,504
79$12,252,029$6,008,487$4,833,167$10,395,707
80$13,469,750$6,270,918$4,963,093$11,283,469
81$14,810,672$6,545,199$5,096,363$12,255,356
82$16,287,328$6,831,882$5,233,059$13,319,694
83$17,913,531$7,131,540$5,373,262$14,485,650
84$19,704,501$7,444,775$5,517,056$15,763,312
85$21,677,009$7,772,218$5,664,527$17,163,788
86$23,849,537$8,114,529$5,815,761$18,699,304
87$26,242,449$8,472,401$5,970,848$20,383,325
88$28,878,186$8,846,555$6,129,879$22,230,671
89$31,781,477$9,237,752$6,292,946$24,257,664
90$34,979,571$9,646,786$6,460,143$26,482,273
91$38,502,497$10,074,489$6,631,568$28,924,289
92$42,383,345$10,521,732$6,807,318$31,605,502
93$46,658,577$10,989,428$6,987,495$34,549,910
94$51,368,376$11,478,533$7,172,199$37,783,943
95$56,557,018$11,990,049$7,361,536$41,336,706
96$62,273,297$12,525,025$7,555,610$45,240,256
97$68,570,982$13,084,560$7,754,532$49,529,901
98$75,509,324$13,669,805$7,958,410$54,244,528
99$83,153,615$14,281,966$8,167,358$59,426,971
100$91,575,808$14,922,307$8,381,489$65,124,410