Can I retire at age 55 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$247,737$245,530$243,378$241,276$239,224$231,474
2 years$122,642$120,358$118,144$115,998$113,916$106,181
3 years$80,949$78,655$76,447$74,321$72,273$64,795
4 years$60,107$57,820$55,634$53,544$51,546$44,382
5 years$47,605$45,332$43,174$41,127$39,184$32,355
6 years$39,273$37,017$34,891$32,890$31,005$24,515
7 years$33,324$31,087$28,995$27,040$25,216$19,065
8 years$28,864$26,647$24,590$22,684$20,919$15,102
9 years$25,397$23,201$21,179$19,321$17,617$12,128
10 years$22,625$20,450$18,465$16,655$15,010$9,841
11 years$20,359$18,206$16,256$14,495$12,909$8,050
12 years$18,471$16,341$14,427$12,714$11,187$6,627
13 years$16,875$14,767$12,889$11,225$9,755$5,483
14 years$15,509$13,423$11,581$9,964$8,551$4,555
15 years$14,326$12,262$10,456$8,886$7,529$3,797
16 years$13,291$11,250$9,480$7,957$6,654$3,174
17 years$12,379$10,361$8,626$7,149$5,900$2,659
18 years$11,570$9,574$7,875$6,443$5,246$2,231
19 years$10,846$8,873$7,209$5,821$4,676$1,876
20 years$10,196$8,245$6,616$5,272$4,177$1,579
21 years$9,608$7,680$6,086$4,785$3,738$1,330
22 years$9,075$7,169$5,609$4,351$3,350$1,122
23 years$8,589$6,705$5,179$3,962$3,007$947
24 years$8,143$6,282$4,789$3,614$2,703$800
25 years$7,734$5,896$4,436$3,300$2,432$676
26 years$7,358$5,541$4,114$3,018$2,191$571
27 years$7,009$5,215$3,820$2,762$1,975$483
28 years$6,686$4,914$3,551$2,531$1,782$409
29 years$6,386$4,636$3,305$2,321$1,610$346
30 years$6,107$4,378$3,078$2,130$1,454$293
31 years$5,846$4,139$2,870$1,956$1,315$248
32 years$5,601$3,916$2,678$1,798$1,189$210
33 years$5,373$3,708$2,500$1,653$1,076$178
34 years$5,158$3,515$2,336$1,521$975$150
35 years$4,955$3,334$2,184$1,400$883$127
36 years$4,765$3,164$2,043$1,290$800$108
37 years$4,585$3,005$1,912$1,188$725$91
38 years$4,415$2,856$1,791$1,095$657$77
39 years$4,254$2,716$1,678$1,010$596$66
40 years$4,101$2,584$1,573$931$541$56
41 years$3,957$2,460$1,475$859$490$47
42 years$3,819$2,342$1,383$793$445$40
43 years$3,689$2,232$1,298$732$404$34
44 years$3,564$2,127$1,218$676$367$29
45 years$3,446$2,029$1,144$624$333$24
46 years$3,333$1,935$1,074$577$302$21
47 years$3,225$1,847$1,009$533$274$17
48 years$3,122$1,763$949$492$249$15
49 years$3,023$1,684$892$455$226$13
50 years$2,929$1,608$838$421$206$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,000,000, adding $6,771 every year, while hoping to spend $40,354 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: 59/35/6 Blend
54$3,000,000$3,000,000$3,000,000$3,000,000
55$3,312,984$3,153,984$3,107,484$3,504,162
56$3,607,972$3,265,593$3,168,649$3,744,688
57$3,931,697$3,381,318$3,230,510$4,001,599
58$4,287,046$3,501,319$3,293,048$4,280,687
59$4,677,201$3,625,761$3,356,242$4,584,080
60$5,105,669$3,754,816$3,420,069$4,914,119
61$5,576,308$3,888,663$3,484,502$5,273,379
62$6,093,374$4,027,490$3,549,515$5,664,692
63$6,661,551$4,171,490$3,615,077$6,091,173
64$7,286,002$4,320,865$3,681,155$6,556,253
65$7,972,414$4,475,827$3,747,713$7,063,703
66$8,727,051$4,636,594$3,814,712$7,617,675
67$9,556,817$4,803,394$3,882,112$8,222,739
68$10,469,317$4,976,465$3,949,868$8,883,924
69$11,472,930$5,156,054$4,017,931$9,606,765
70$12,576,887$5,342,419$4,086,249$10,397,356
71$13,791,360$5,535,828$4,154,769$11,262,407
72$15,127,555$5,736,560$4,223,431$12,209,302
73$16,597,821$5,944,907$4,292,171$13,246,173
74$18,215,762$6,161,171$4,360,922$14,381,972
75$19,996,370$6,385,668$4,429,613$15,626,559
76$21,956,162$6,618,728$4,498,167$16,990,789
77$24,113,337$6,860,693$4,566,503$18,486,616
78$26,487,951$7,111,920$4,634,534$20,127,204
79$29,102,099$7,372,781$4,702,168$21,927,053
80$31,980,130$7,643,664$4,769,307$23,902,128
81$35,148,873$7,924,974$4,835,849$26,070,016
82$38,637,892$8,217,130$4,901,683$28,450,087
83$42,479,760$8,520,574$4,966,694$31,063,674
84$46,710,375$8,835,761$5,030,757$33,934,277
85$51,369,290$9,163,170$5,093,744$37,087,779
86$56,500,089$9,503,297$5,155,516$40,552,694
87$62,150,800$9,856,660$5,215,928$44,360,429
88$68,374,347$10,223,801$5,274,826$48,545,584
89$75,229,046$10,605,284$5,332,049$53,146,271
90$82,779,161$11,001,695$5,387,425$58,204,480
91$91,095,505$11,413,648$5,440,773$63,766,465
92$100,256,112$11,841,782$5,491,905$69,883,186
93$110,346,970$12,286,764$5,540,618$76,610,784
94$121,462,835$12,749,289$5,586,702$84,011,109
95$133,708,123$13,230,083$5,629,936$92,152,303
96$147,197,896$13,729,902$5,670,084$101,109,442
97$162,058,951$14,249,536$5,706,900$110,965,240
98$178,431,009$14,789,809$5,740,127$121,810,829
99$196,468,041$15,351,579$5,769,490$133,746,616
100$216,339,719$15,935,744$5,794,706$146,883,231