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%19.1%
1 years$247,737$245,530$243,378$241,276$239,224$230,461
2 years$122,642$120,358$118,144$115,998$113,916$105,185
3 years$80,949$78,655$76,447$74,321$72,273$63,849
4 years$60,107$57,820$55,634$53,544$51,546$43,492
5 years$47,605$45,332$43,174$41,127$39,184$31,523
6 years$39,273$37,017$34,891$32,890$31,005$23,741
7 years$33,324$31,087$28,995$27,040$25,216$18,347
8 years$28,864$26,647$24,590$22,684$20,919$14,439
9 years$25,397$23,201$21,179$19,321$17,617$11,518
10 years$22,625$20,450$18,465$16,655$15,010$9,281
11 years$20,359$18,206$16,256$14,495$12,909$7,538
12 years$18,471$16,341$14,427$12,714$11,187$6,160
13 years$16,875$14,767$12,889$11,225$9,755$5,059
14 years$15,509$13,423$11,581$9,964$8,551$4,170
15 years$14,326$12,262$10,456$8,886$7,529$3,449
16 years$13,291$11,250$9,480$7,957$6,654$2,860
17 years$12,379$10,361$8,626$7,149$5,900$2,377
18 years$11,570$9,574$7,875$6,443$5,246$1,978
19 years$10,846$8,873$7,209$5,821$4,676$1,649
20 years$10,196$8,245$6,616$5,272$4,177$1,376
21 years$9,608$7,680$6,086$4,785$3,738$1,150
22 years$9,075$7,169$5,609$4,351$3,350$962
23 years$8,589$6,705$5,179$3,962$3,007$805
24 years$8,143$6,282$4,789$3,614$2,703$674
25 years$7,734$5,896$4,436$3,300$2,432$564
26 years$7,358$5,541$4,114$3,018$2,191$473
27 years$7,009$5,215$3,820$2,762$1,975$396
28 years$6,686$4,914$3,551$2,531$1,782$332
29 years$6,386$4,636$3,305$2,321$1,610$279
30 years$6,107$4,378$3,078$2,130$1,454$234
31 years$5,846$4,139$2,870$1,956$1,315$196
32 years$5,601$3,916$2,678$1,798$1,189$164
33 years$5,373$3,708$2,500$1,653$1,076$138
34 years$5,158$3,515$2,336$1,521$975$116
35 years$4,955$3,334$2,184$1,400$883$97
36 years$4,765$3,164$2,043$1,290$800$82
37 years$4,585$3,005$1,912$1,188$725$68
38 years$4,415$2,856$1,791$1,095$657$57
39 years$4,254$2,716$1,678$1,010$596$48
40 years$4,101$2,584$1,573$931$541$41
41 years$3,957$2,460$1,475$859$490$34
42 years$3,819$2,342$1,383$793$445$29
43 years$3,689$2,232$1,298$732$404$24
44 years$3,564$2,127$1,218$676$367$20
45 years$3,446$2,029$1,144$624$333$17
46 years$3,333$1,935$1,074$577$302$14
47 years$3,225$1,847$1,009$533$274$12
48 years$3,122$1,763$949$492$249$10
49 years$3,023$1,684$892$455$226$8
50 years$2,929$1,608$838$421$206$7

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 $4,993 every year, while hoping to spend $25,403 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: 49/26/25 Blend
56$3,000,000$3,000,000$3,000,000$3,000,000
57$3,311,150$3,152,150$3,105,650$3,449,729
58$3,621,859$3,279,577$3,182,661$3,674,445
59$3,963,409$3,412,396$3,261,400$3,915,505
60$4,338,918$3,550,846$3,341,899$4,176,894
61$4,751,824$3,695,173$3,424,188$4,460,545
62$5,205,911$3,845,638$3,508,300$4,768,580
63$5,705,352$4,002,512$3,594,266$5,103,333
64$6,254,741$4,166,078$3,682,117$5,467,373
65$6,859,142$4,336,634$3,771,886$5,863,522
66$7,524,135$4,514,489$3,863,604$6,294,886
67$8,255,866$4,699,968$3,957,304$6,764,880
68$9,061,107$4,893,410$4,053,017$7,277,264
69$9,947,323$5,095,169$4,150,775$7,836,171
70$10,922,734$5,305,617$4,250,611$8,446,152
71$11,996,403$5,525,142$4,352,556$9,112,212
72$13,178,311$5,754,149$4,456,642$9,839,862
73$14,479,460$5,993,064$4,562,901$10,635,166
74$15,911,970$6,242,329$4,671,363$11,504,798
75$17,489,198$6,502,410$4,782,060$12,456,105
76$19,225,861$6,773,792$4,895,024$13,497,174
77$21,138,175$7,056,985$5,010,284$14,636,910
78$23,244,010$7,352,519$5,127,870$15,885,113
79$25,563,058$7,660,951$5,247,812$17,252,577
80$28,117,015$7,982,863$5,370,139$18,751,183
81$30,929,792$8,318,864$5,494,880$20,394,017
82$34,027,734$8,669,592$5,622,062$22,195,486
83$37,439,875$9,035,713$5,751,712$24,171,455
84$41,198,205$9,417,926$5,883,857$26,339,397
85$45,337,977$9,816,960$6,018,522$28,718,554
86$49,898,039$10,233,580$6,155,732$31,330,116
87$54,921,199$10,668,585$6,295,508$34,197,425
88$60,454,628$11,122,812$6,437,875$37,346,184
89$66,550,309$11,597,138$6,582,852$40,804,709
90$73,265,521$12,092,479$6,730,458$44,604,185
91$80,663,389$12,609,795$6,880,713$48,778,964
92$88,813,470$13,150,090$7,033,632$53,366,884
93$97,792,415$13,714,416$7,189,230$58,409,625
94$107,684,691$14,303,872$7,347,519$63,953,102
95$118,583,380$14,919,612$7,508,511$70,047,894
96$130,591,052$15,562,841$7,672,214$76,749,718
97$143,820,741$16,234,821$7,838,634$84,119,957
98$158,397,003$16,936,874$8,007,775$92,226,230
99$174,457,101$17,670,384$8,179,639$101,143,034
100$192,152,292$18,436,800$8,354,224$110,952,439