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

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$247,737$245,530$243,378$241,276$239,224$233,536
2 years$122,642$120,358$118,144$115,998$113,916$108,219
3 years$80,949$78,655$76,447$74,321$72,273$66,744
4 years$60,107$57,820$55,634$53,544$51,546$46,228
5 years$47,605$45,332$43,174$41,127$39,184$34,093
6 years$39,273$37,017$34,891$32,890$31,005$26,145
7 years$33,324$31,087$28,995$27,040$25,216$20,587
8 years$28,864$26,647$24,590$22,684$20,919$16,521
9 years$25,397$23,201$21,179$19,321$17,617$13,445
10 years$22,625$20,450$18,465$16,655$15,010$11,061
11 years$20,359$18,206$16,256$14,495$12,909$9,176
12 years$18,471$16,341$14,427$12,714$11,187$7,664
13 years$16,875$14,767$12,889$11,225$9,755$6,436
14 years$15,509$13,423$11,581$9,964$8,551$5,429
15 years$14,326$12,262$10,456$8,886$7,529$4,596
16 years$13,291$11,250$9,480$7,957$6,654$3,902
17 years$12,379$10,361$8,626$7,149$5,900$3,322
18 years$11,570$9,574$7,875$6,443$5,246$2,834
19 years$10,846$8,873$7,209$5,821$4,676$2,422
20 years$10,196$8,245$6,616$5,272$4,177$2,073
21 years$9,608$7,680$6,086$4,785$3,738$1,776
22 years$9,075$7,169$5,609$4,351$3,350$1,524
23 years$8,589$6,705$5,179$3,962$3,007$1,309
24 years$8,143$6,282$4,789$3,614$2,703$1,125
25 years$7,734$5,896$4,436$3,300$2,432$967
26 years$7,358$5,541$4,114$3,018$2,191$832
27 years$7,009$5,215$3,820$2,762$1,975$717
28 years$6,686$4,914$3,551$2,531$1,782$617
29 years$6,386$4,636$3,305$2,321$1,610$532
30 years$6,107$4,378$3,078$2,130$1,454$458
31 years$5,846$4,139$2,870$1,956$1,315$395
32 years$5,601$3,916$2,678$1,798$1,189$341
33 years$5,373$3,708$2,500$1,653$1,076$294
34 years$5,158$3,515$2,336$1,521$975$253
35 years$4,955$3,334$2,184$1,400$883$219
36 years$4,765$3,164$2,043$1,290$800$189
37 years$4,585$3,005$1,912$1,188$725$163
38 years$4,415$2,856$1,791$1,095$657$141
39 years$4,254$2,716$1,678$1,010$596$121
40 years$4,101$2,584$1,573$931$541$105
41 years$3,957$2,460$1,475$859$490$90
42 years$3,819$2,342$1,383$793$445$78
43 years$3,689$2,232$1,298$732$404$67
44 years$3,564$2,127$1,218$676$367$58
45 years$3,446$2,029$1,144$624$333$50
46 years$3,333$1,935$1,074$577$302$43
47 years$3,225$1,847$1,009$533$274$37
48 years$3,122$1,763$949$492$249$32
49 years$3,023$1,684$892$455$226$28
50 years$2,929$1,608$838$421$206$24

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 $2,020 every year, while hoping to spend $29,429 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: 30/44/26 Blend
54$3,000,000$3,000,000$3,000,000$3,000,000
55$3,308,084$3,149,084$3,102,584$3,380,712
56$3,614,196$3,272,076$3,175,208$3,560,229
57$3,950,545$3,400,110$3,249,279$3,750,485
58$4,320,185$3,533,399$3,324,814$3,954,567
59$4,726,478$3,672,170$3,401,830$4,173,698
60$5,173,131$3,816,659$3,480,343$4,409,215
61$5,664,226$3,967,110$3,560,370$4,662,585
62$6,204,261$4,123,782$3,641,926$4,935,419
63$6,798,191$4,286,943$3,725,026$5,229,483
64$7,451,477$4,456,874$3,809,685$5,546,716
65$8,170,133$4,633,867$3,895,915$5,889,245
66$8,960,789$4,818,228$3,983,730$6,259,405
67$9,830,747$5,010,279$4,073,142$6,659,764
68$10,788,053$5,210,352$4,164,162$7,093,138
69$11,841,573$5,418,798$4,256,801$7,562,622
70$13,001,076$5,635,982$4,351,066$8,071,617
71$14,277,326$5,862,285$4,446,967$8,623,859
72$15,682,182$6,098,106$4,544,510$9,223,457
73$17,228,714$6,343,863$4,643,700$9,874,924
74$18,931,321$6,599,990$4,744,542$10,583,223
75$20,805,871$6,866,944$4,847,039$11,353,811
76$22,869,846$7,145,201$4,951,191$12,192,688
77$25,142,512$7,435,258$5,056,998$13,106,454
78$27,645,099$7,737,636$5,164,458$14,102,366
79$30,400,999$8,052,880$5,273,567$15,188,407
80$33,435,987$8,381,557$5,384,318$16,373,361
81$36,778,468$8,724,263$5,496,702$17,666,890
82$40,459,740$9,081,621$5,610,710$19,079,626
83$44,514,292$9,454,279$5,726,328$20,623,267
84$48,980,131$9,842,919$5,843,541$22,310,689
85$53,899,134$10,248,252$5,962,329$24,156,060
86$59,317,451$10,671,022$6,082,673$26,174,974
87$65,285,935$11,112,007$6,204,547$28,384,597
88$71,860,626$11,572,020$6,327,924$30,803,823
89$79,103,273$12,051,913$6,452,773$33,453,452
90$87,081,926$12,552,575$6,579,060$36,356,382
91$95,871,570$13,074,939$6,706,746$39,537,823
92$105,554,838$13,619,979$6,835,790$43,025,533
93$116,222,786$14,188,713$6,966,144$46,850,072
94$127,975,758$14,782,207$7,097,757$51,045,093
95$140,924,327$15,401,578$7,230,574$55,647,651
96$155,190,345$16,047,991$7,364,535$60,698,553
97$170,908,086$16,722,669$7,499,572$66,242,736
98$188,225,519$17,426,887$7,635,616$72,329,689
99$207,305,702$18,161,985$7,772,589$79,013,916
100$228,328,320$18,929,359$7,910,407$86,355,443