Can I retire at age 66 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%14.5%
1 years$272,511$270,084$267,715$265,404$263,147$258,256
2 years$134,906$132,394$129,959$127,598$125,308$120,399
3 years$89,044$86,521$84,092$81,753$79,500$74,726
4 years$66,118$63,602$61,197$58,899$56,700$52,098
5 years$52,365$49,865$47,492$45,240$43,103$38,685
6 years$43,200$40,718$38,380$36,179$34,106$29,877
7 years$36,656$34,195$31,894$29,744$27,737$23,699
8 years$31,750$29,312$27,049$24,952$23,011$19,162
9 years$27,937$25,521$23,297$21,253$19,378$15,717
10 years$24,887$22,496$20,311$18,321$16,511$13,034
11 years$22,394$20,026$17,881$15,944$14,200$10,903
12 years$20,318$17,975$15,869$13,985$12,306$9,183
13 years$18,563$16,244$14,178$12,347$10,731$7,779
14 years$17,060$14,765$12,739$10,960$9,406$6,620
15 years$15,758$13,488$11,502$9,775$8,282$5,655
16 years$14,620$12,375$10,428$8,752$7,320$4,846
17 years$13,617$11,397$9,489$7,864$6,490$4,164
18 years$12,727$10,531$8,662$7,087$5,771$3,586
19 years$11,931$9,760$7,930$6,404$5,144$3,095
20 years$11,216$9,070$7,278$5,800$4,594$2,675
21 years$10,569$8,448$6,694$5,264$4,112$2,315
22 years$9,982$7,886$6,170$4,786$3,685$2,006
23 years$9,447$7,376$5,697$4,359$3,308$1,740
24 years$8,958$6,911$5,268$3,975$2,973$1,511
25 years$8,508$6,485$4,880$3,630$2,676$1,313
26 years$8,093$6,095$4,526$3,319$2,410$1,142
27 years$7,710$5,736$4,202$3,038$2,173$993
28 years$7,355$5,405$3,907$2,784$1,961$865
29 years$7,025$5,099$3,635$2,553$1,770$753
30 years$6,717$4,816$3,386$2,343$1,600$656
31 years$6,430$4,552$3,157$2,152$1,446$572
32 years$6,162$4,307$2,945$1,977$1,308$498
33 years$5,910$4,079$2,750$1,818$1,184$434
34 years$5,673$3,866$2,570$1,673$1,072$379
35 years$5,451$3,667$2,402$1,540$971$330
36 years$5,241$3,481$2,247$1,418$880$288
37 years$5,043$3,306$2,104$1,307$797$251
38 years$4,856$3,142$1,970$1,205$723$219
39 years$4,679$2,987$1,846$1,111$655$192
40 years$4,512$2,842$1,730$1,025$595$167
41 years$4,353$2,706$1,622$945$539$146
42 years$4,201$2,577$1,522$872$489$127
43 years$4,058$2,455$1,428$805$444$111
44 years$3,921$2,340$1,340$744$403$97
45 years$3,791$2,232$1,258$687$366$85
46 years$3,666$2,129$1,182$634$332$74
47 years$3,548$2,032$1,110$586$302$65
48 years$3,434$1,939$1,043$541$274$56
49 years$3,326$1,852$981$500$249$49
50 years$3,222$1,769$922$463$226$43

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 $5,258 every year, while hoping to spend $51,420 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: 34/44/22 Blend
65$3,300,000$3,300,000$3,300,000$3,300,000
66$3,642,024$3,467,124$3,415,974$3,741,224
67$3,958,800$3,582,302$3,475,698$3,930,480
68$4,306,163$3,701,401$3,535,700$4,129,354
69$4,687,180$3,824,558$3,595,935$4,342,766
70$5,105,228$3,951,916$3,656,353$4,572,038
71$5,564,024$4,083,624$3,716,905$4,818,618
72$6,067,667$4,219,834$3,777,533$5,084,102
73$6,620,669$4,360,705$3,838,181$5,370,238
74$7,228,001$4,506,404$3,898,784$5,678,954
75$7,895,140$4,657,101$3,959,276$6,012,363
76$8,628,119$4,812,973$4,019,586$6,372,793
77$9,433,583$4,974,204$4,079,638$6,762,801
78$10,318,854$5,140,986$4,139,351$7,185,201
79$11,291,999$5,313,516$4,198,641$7,643,087
80$12,361,904$5,492,000$4,257,417$8,139,863
81$13,538,360$5,676,650$4,315,583$8,679,274
82$14,832,155$5,867,688$4,373,037$9,265,441
83$16,255,172$6,065,342$4,429,671$9,902,898
84$17,820,507$6,269,851$4,485,372$10,596,635
85$19,542,586$6,481,460$4,540,019$11,352,145
86$21,437,305$6,700,427$4,593,485$12,175,473
87$23,522,178$6,927,017$4,645,635$13,073,273
88$25,816,504$7,161,505$4,696,328$14,052,871
89$28,341,546$7,404,177$4,745,413$15,122,332
90$31,120,733$7,655,330$4,792,734$16,290,537
91$34,179,880$7,915,274$4,838,122$17,567,261
92$37,547,432$8,184,326$4,881,403$18,963,270
93$41,254,732$8,462,820$4,922,392$20,490,421
94$45,336,316$8,751,100$4,960,895$22,161,768
95$49,830,241$9,049,525$4,996,705$23,991,688
96$54,778,440$9,358,465$5,029,608$25,996,016
97$60,227,118$9,678,307$5,059,378$28,192,191
98$66,227,191$10,009,452$5,085,774$30,599,421
99$72,834,765$10,352,315$5,108,548$33,238,864
100$80,111,662$10,707,329$5,127,435$36,133,822