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%13.3%
1 years$272,511$270,084$267,715$265,404$263,147$259,536
2 years$134,906$132,394$129,959$127,598$125,308$121,676
3 years$89,044$86,521$84,092$81,753$79,500$75,961
4 years$66,118$63,602$61,197$58,899$56,700$53,281
5 years$52,365$49,865$47,492$45,240$43,103$39,812
6 years$43,200$40,718$38,380$36,179$34,106$30,949
7 years$36,656$34,195$31,894$29,744$27,737$24,715
8 years$31,750$29,312$27,049$24,952$23,011$20,122
9 years$27,937$25,521$23,297$21,253$19,378$16,623
10 years$24,887$22,496$20,311$18,321$16,511$13,886
11 years$22,394$20,026$17,881$15,944$14,200$11,704
12 years$20,318$17,975$15,869$13,985$12,306$9,934
13 years$18,563$16,244$14,178$12,347$10,731$8,482
14 years$17,060$14,765$12,739$10,960$9,406$7,276
15 years$15,758$13,488$11,502$9,775$8,282$6,267
16 years$14,620$12,375$10,428$8,752$7,320$5,416
17 years$13,617$11,397$9,489$7,864$6,490$4,694
18 years$12,727$10,531$8,662$7,087$5,771$4,078
19 years$11,931$9,760$7,930$6,404$5,144$3,550
20 years$11,216$9,070$7,278$5,800$4,594$3,096
21 years$10,569$8,448$6,694$5,264$4,112$2,704
22 years$9,982$7,886$6,170$4,786$3,685$2,365
23 years$9,447$7,376$5,697$4,359$3,308$2,070
24 years$8,958$6,911$5,268$3,975$2,973$1,815
25 years$8,508$6,485$4,880$3,630$2,676$1,592
26 years$8,093$6,095$4,526$3,319$2,410$1,397
27 years$7,710$5,736$4,202$3,038$2,173$1,227
28 years$7,355$5,405$3,907$2,784$1,961$1,079
29 years$7,025$5,099$3,635$2,553$1,770$949
30 years$6,717$4,816$3,386$2,343$1,600$835
31 years$6,430$4,552$3,157$2,152$1,446$735
32 years$6,162$4,307$2,945$1,977$1,308$647
33 years$5,910$4,079$2,750$1,818$1,184$570
34 years$5,673$3,866$2,570$1,673$1,072$502
35 years$5,451$3,667$2,402$1,540$971$442
36 years$5,241$3,481$2,247$1,418$880$390
37 years$5,043$3,306$2,104$1,307$797$343
38 years$4,856$3,142$1,970$1,205$723$303
39 years$4,679$2,987$1,846$1,111$655$267
40 years$4,512$2,842$1,730$1,025$595$235
41 years$4,353$2,706$1,622$945$539$208
42 years$4,201$2,577$1,522$872$489$183
43 years$4,058$2,455$1,428$805$444$162
44 years$3,921$2,340$1,340$744$403$142
45 years$3,791$2,232$1,258$687$366$126
46 years$3,666$2,129$1,182$634$332$111
47 years$3,548$2,032$1,110$586$302$98
48 years$3,434$1,939$1,043$541$274$86
49 years$3,326$1,852$981$500$249$76
50 years$3,222$1,769$922$463$226$67

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 $6,816 every year, while hoping to spend $34,195 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: 69/6/25 Blend
65$3,300,000$3,300,000$3,300,000$3,300,000
66$3,643,631$3,468,731$3,417,581$3,871,309
67$3,978,898$3,602,315$3,495,686$4,158,374
68$4,347,216$3,741,299$3,575,263$4,467,838
69$4,751,921$3,885,912$3,656,322$4,805,710
70$5,196,686$4,036,390$3,738,878$5,174,801
71$5,685,559$4,192,985$3,822,942$5,578,209
72$6,223,000$4,355,955$3,908,525$6,019,344
73$6,813,921$4,525,572$3,995,636$6,501,962
74$7,463,736$4,702,121$4,084,285$7,030,197
75$8,178,409$4,885,896$4,174,479$7,608,607
76$8,964,509$5,077,207$4,266,227$8,242,208
77$9,829,276$5,276,377$4,359,532$8,936,527
78$10,780,686$5,483,744$4,454,401$9,697,652
79$11,827,529$5,699,660$4,550,836$10,532,288
80$12,979,486$5,924,493$4,648,839$11,447,821
81$14,247,228$6,158,627$4,748,409$12,452,390
82$15,642,511$6,402,465$4,849,546$13,554,958
83$17,178,287$6,656,426$4,952,246$14,765,400
84$18,868,830$6,920,949$5,056,504$16,094,596
85$20,729,867$7,196,492$5,162,313$17,554,531
86$22,778,727$7,483,533$5,269,664$19,158,409
87$25,034,504$7,782,573$5,378,545$20,920,780
88$27,518,240$8,094,136$5,488,942$22,857,670
89$30,253,118$8,418,766$5,600,840$24,986,741
90$33,264,687$8,757,036$5,714,218$27,327,447
91$36,581,096$9,109,543$5,829,056$29,901,228
92$40,233,367$9,476,909$5,945,329$32,731,703
93$44,255,681$9,859,788$6,063,008$35,844,897
94$48,685,705$10,258,862$6,182,062$39,269,486
95$53,564,942$10,674,842$6,302,457$43,037,066
96$58,939,131$11,108,474$6,424,154$47,182,451
97$64,858,670$11,560,537$6,547,111$51,744,002
98$71,379,096$12,031,845$6,671,281$56,763,988
99$78,561,608$12,523,249$6,796,613$62,288,983
100$86,473,644$13,035,640$6,923,052$68,370,308