Can I retire at age 57 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%14.2%
1 years$247,737$245,530$243,378$241,276$239,224$235,068
2 years$122,642$120,358$118,144$115,998$113,916$109,742
3 years$80,949$78,655$76,447$74,321$72,273$68,211
4 years$60,107$57,820$55,634$53,544$51,546$47,628
5 years$47,605$45,332$43,174$41,127$39,184$35,421
6 years$39,273$37,017$34,891$32,890$31,005$27,401
7 years$33,324$31,087$28,995$27,040$25,216$21,772
8 years$28,864$26,647$24,590$22,684$20,919$17,634
9 years$25,397$23,201$21,179$19,321$17,617$14,490
10 years$22,625$20,450$18,465$16,655$15,010$12,038
11 years$20,359$18,206$16,256$14,495$12,909$10,089
12 years$18,471$16,341$14,427$12,714$11,187$8,515
13 years$16,875$14,767$12,889$11,225$9,755$7,227
14 years$15,509$13,423$11,581$9,964$8,551$6,162
15 years$14,326$12,262$10,456$8,886$7,529$5,275
16 years$13,291$11,250$9,480$7,957$6,654$4,530
17 years$12,379$10,361$8,626$7,149$5,900$3,901
18 years$11,570$9,574$7,875$6,443$5,246$3,367
19 years$10,846$8,873$7,209$5,821$4,676$2,912
20 years$10,196$8,245$6,616$5,272$4,177$2,522
21 years$9,608$7,680$6,086$4,785$3,738$2,188
22 years$9,075$7,169$5,609$4,351$3,350$1,901
23 years$8,589$6,705$5,179$3,962$3,007$1,653
24 years$8,143$6,282$4,789$3,614$2,703$1,438
25 years$7,734$5,896$4,436$3,300$2,432$1,253
26 years$7,358$5,541$4,114$3,018$2,191$1,092
27 years$7,009$5,215$3,820$2,762$1,975$952
28 years$6,686$4,914$3,551$2,531$1,782$831
29 years$6,386$4,636$3,305$2,321$1,610$725
30 years$6,107$4,378$3,078$2,130$1,454$633
31 years$5,846$4,139$2,870$1,956$1,315$553
32 years$5,601$3,916$2,678$1,798$1,189$484
33 years$5,373$3,708$2,500$1,653$1,076$423
34 years$5,158$3,515$2,336$1,521$975$370
35 years$4,955$3,334$2,184$1,400$883$323
36 years$4,765$3,164$2,043$1,290$800$283
37 years$4,585$3,005$1,912$1,188$725$247
38 years$4,415$2,856$1,791$1,095$657$216
39 years$4,254$2,716$1,678$1,010$596$189
40 years$4,101$2,584$1,573$931$541$166
41 years$3,957$2,460$1,475$859$490$145
42 years$3,819$2,342$1,383$793$445$127
43 years$3,689$2,232$1,298$732$404$111
44 years$3,564$2,127$1,218$676$367$97
45 years$3,446$2,029$1,144$624$333$85
46 years$3,333$1,935$1,074$577$302$74
47 years$3,225$1,847$1,009$533$274$65
48 years$3,122$1,763$949$492$249$57
49 years$3,023$1,684$892$455$226$50
50 years$2,929$1,608$838$421$206$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $3,000,000, adding $3,814 every year, while hoping to spend $55,035 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: 72/19/9 Blend
56$3,000,000$3,000,000$3,000,000$3,000,000
57$3,309,934$3,150,934$3,104,434$3,542,668
58$3,588,991$3,246,773$3,149,876$3,792,771
59$3,894,666$3,345,464$3,194,995$4,059,331
60$4,229,618$3,447,087$3,239,724$4,349,674
61$4,596,773$3,551,728$3,283,988$4,666,130
62$4,999,353$3,659,472$3,327,711$5,011,268
63$5,440,907$3,770,407$3,370,810$5,387,914
64$5,925,347$3,884,624$3,413,199$5,799,180
65$6,456,977$4,002,215$3,454,786$6,248,492
66$7,040,542$4,123,277$3,495,475$6,739,626
67$7,681,267$4,247,907$3,535,162$7,276,737
68$8,384,907$4,376,206$3,573,741$7,864,402
69$9,157,804$4,508,275$3,611,097$8,507,662
70$10,006,941$4,644,222$3,647,110$9,212,070
71$10,940,014$4,784,154$3,681,654$9,983,739
72$11,965,500$4,928,182$3,714,594$10,829,408
73$13,092,738$5,076,420$3,745,790$11,756,495
74$14,332,017$5,228,985$3,775,093$12,773,174
75$15,694,673$5,385,995$3,802,349$13,888,448
76$17,193,195$5,547,574$3,827,393$15,112,237
77$18,841,342$5,713,847$3,850,052$16,455,467
78$20,654,276$5,884,942$3,870,146$17,930,176
79$22,648,698$6,060,990$3,887,482$19,549,626
80$24,843,015$6,242,128$3,901,862$21,328,428
81$27,257,501$6,428,491$3,913,073$23,282,678
82$29,914,502$6,620,223$3,920,897$25,430,113
83$32,838,633$6,817,466$3,925,099$27,790,272
84$36,057,021$7,020,369$3,925,437$30,384,686
85$39,599,553$7,229,083$3,921,655$33,237,074
86$43,499,162$7,443,763$3,913,485$36,373,573
87$47,792,136$7,664,566$3,900,646$39,822,980
88$52,518,458$7,891,654$3,882,842$43,617,027
89$57,722,188$8,125,193$3,859,765$47,790,676
90$63,451,875$8,365,351$3,831,090$52,382,451
91$69,761,013$8,612,300$3,796,479$57,434,801
92$76,708,551$8,866,217$3,755,575$62,994,499
93$84,359,442$9,127,281$3,708,006$69,113,084
94$92,785,263$9,395,675$3,653,382$75,847,349
95$102,064,885$9,671,588$3,591,295$83,259,872
96$112,285,216$9,955,209$3,521,317$91,419,610
97$123,542,028$10,246,734$3,443,000$100,402,547
98$135,940,851$10,546,360$3,355,877$110,292,415
99$149,597,977$10,854,291$3,259,458$121,181,477
100$164,641,551$11,170,731$3,153,230$133,171,403