Can I retire at age 57 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%11.5%
1 years$247,737$245,530$243,378$241,276$239,224$237,717
2 years$122,642$120,358$118,144$115,998$113,916$112,396
3 years$80,949$78,655$76,447$74,321$72,273$70,786
4 years$60,107$57,820$55,634$53,544$51,546$50,104
5 years$47,605$45,332$43,174$41,127$39,184$37,793
6 years$39,273$37,017$34,891$32,890$31,005$29,665
7 years$33,324$31,087$28,995$27,040$25,216$23,927
8 years$28,864$26,647$24,590$22,684$20,919$19,683
9 years$25,397$23,201$21,179$19,321$17,617$16,432
10 years$22,625$20,450$18,465$16,655$15,010$13,877
11 years$20,359$18,206$16,256$14,495$12,909$11,827
12 years$18,471$16,341$14,427$12,714$11,187$10,154
13 years$16,875$14,767$12,889$11,225$9,755$8,771
14 years$15,509$13,423$11,581$9,964$8,551$7,614
15 years$14,326$12,262$10,456$8,886$7,529$6,638
16 years$13,291$11,250$9,480$7,957$6,654$5,808
17 years$12,379$10,361$8,626$7,149$5,900$5,097
18 years$11,570$9,574$7,875$6,443$5,246$4,485
19 years$10,846$8,873$7,209$5,821$4,676$3,956
20 years$10,196$8,245$6,616$5,272$4,177$3,496
21 years$9,608$7,680$6,086$4,785$3,738$3,094
22 years$9,075$7,169$5,609$4,351$3,350$2,743
23 years$8,589$6,705$5,179$3,962$3,007$2,435
24 years$8,143$6,282$4,789$3,614$2,703$2,164
25 years$7,734$5,896$4,436$3,300$2,432$1,925
26 years$7,358$5,541$4,114$3,018$2,191$1,714
27 years$7,009$5,215$3,820$2,762$1,975$1,527
28 years$6,686$4,914$3,551$2,531$1,782$1,362
29 years$6,386$4,636$3,305$2,321$1,610$1,215
30 years$6,107$4,378$3,078$2,130$1,454$1,085
31 years$5,846$4,139$2,870$1,956$1,315$969
32 years$5,601$3,916$2,678$1,798$1,189$866
33 years$5,373$3,708$2,500$1,653$1,076$774
34 years$5,158$3,515$2,336$1,521$975$692
35 years$4,955$3,334$2,184$1,400$883$619
36 years$4,765$3,164$2,043$1,290$800$554
37 years$4,585$3,005$1,912$1,188$725$496
38 years$4,415$2,856$1,791$1,095$657$444
39 years$4,254$2,716$1,678$1,010$596$397
40 years$4,101$2,584$1,573$931$541$356
41 years$3,957$2,460$1,475$859$490$319
42 years$3,819$2,342$1,383$793$445$286
43 years$3,689$2,232$1,298$732$404$256
44 years$3,564$2,127$1,218$676$367$229
45 years$3,446$2,029$1,144$624$333$205
46 years$3,333$1,935$1,074$577$302$184
47 years$3,225$1,847$1,009$533$274$165
48 years$3,122$1,763$949$492$249$148
49 years$3,023$1,684$892$455$226$133
50 years$2,929$1,608$838$421$206$119

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 $5,448 every year, while hoping to spend $29,279 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: 71/14/15 Blend
56$3,000,000$3,000,000$3,000,000$3,000,000
57$3,311,620$3,152,620$3,106,120$3,535,124
58$3,618,252$3,275,945$3,179,022$3,807,552
59$3,955,180$3,404,333$3,253,385$4,101,637
60$4,325,462$3,537,999$3,329,228$4,422,827
61$4,732,469$3,677,171$3,406,566$4,773,793
62$5,179,914$3,822,085$3,485,419$5,157,480
63$5,671,887$3,972,989$3,565,802$5,577,126
64$6,212,895$4,130,141$3,647,733$6,036,299
65$6,807,904$4,293,812$3,731,226$6,538,926
66$7,462,385$4,464,283$3,816,296$7,089,331
67$8,182,365$4,641,850$3,902,959$7,692,277
68$8,974,486$4,826,821$3,991,228$8,353,006
69$9,846,066$5,019,516$4,081,116$9,077,294
70$10,805,166$5,220,274$4,172,635$9,871,500
71$11,860,670$5,429,445$4,265,796$10,742,629
72$13,022,368$5,647,397$4,360,609$11,698,395
73$14,301,043$5,874,513$4,457,083$12,747,295
74$15,708,581$6,111,196$4,555,227$13,898,686
75$17,258,076$6,357,864$4,655,047$15,162,878
76$18,963,957$6,614,957$4,756,548$16,551,226
77$20,842,123$6,882,932$4,859,735$18,076,236
78$22,910,093$7,162,269$4,964,609$19,751,687
79$25,187,171$7,453,469$5,071,172$21,592,758
80$27,694,628$7,757,055$5,179,423$23,616,168
81$30,455,905$8,073,576$5,289,358$25,840,337
82$33,496,830$8,403,603$5,400,974$28,285,557
83$36,845,863$8,747,736$5,514,263$30,974,184
84$40,534,367$9,106,601$5,629,217$33,930,847
85$44,596,900$9,480,852$5,745,824$37,182,679
86$49,071,545$9,871,175$5,864,069$40,759,575
87$54,000,265$10,278,285$5,983,938$44,694,472
88$59,429,302$10,702,931$6,105,410$49,023,657
89$65,409,613$11,145,896$6,228,463$53,787,112
90$71,997,349$11,608,001$6,353,072$59,028,887
91$79,254,386$12,090,101$6,479,208$64,797,517
92$87,248,911$12,593,093$6,606,839$71,146,478
93$96,056,060$13,117,915$6,735,928$78,134,693
94$105,758,633$13,665,547$6,866,436$85,827,082
95$116,447,871$14,237,017$6,998,320$94,295,180
96$128,224,320$14,833,397$7,131,529$103,617,805
97$141,198,778$15,455,810$7,266,013$113,881,805
98$155,493,341$16,105,433$7,401,713$125,182,875
99$171,242,557$16,783,495$7,538,565$137,626,458
100$188,594,693$17,491,281$7,676,502$151,328,741