Can I retire at age 59 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%17.1%
1 years$247,737$245,530$243,378$241,276$239,224$232,311
2 years$122,642$120,358$118,144$115,998$113,916$107,007
3 years$80,949$78,655$76,447$74,321$72,273$65,583
4 years$60,107$57,820$55,634$53,544$51,546$45,127
5 years$47,605$45,332$43,174$41,127$39,184$33,054
6 years$39,273$37,017$34,891$32,890$31,005$25,169
7 years$33,324$31,087$28,995$27,040$25,216$19,673
8 years$28,864$26,647$24,590$22,684$20,919$15,667
9 years$25,397$23,201$21,179$19,321$17,617$12,651
10 years$22,625$20,450$18,465$16,655$15,010$10,323
11 years$20,359$18,206$16,256$14,495$12,909$8,494
12 years$18,471$16,341$14,427$12,714$11,187$7,034
13 years$16,875$14,767$12,889$11,225$9,755$5,855
14 years$15,509$13,423$11,581$9,964$8,551$4,895
15 years$14,326$12,262$10,456$8,886$7,529$4,106
16 years$13,291$11,250$9,480$7,957$6,654$3,454
17 years$12,379$10,361$8,626$7,149$5,900$2,913
18 years$11,570$9,574$7,875$6,443$5,246$2,461
19 years$10,846$8,873$7,209$5,821$4,676$2,083
20 years$10,196$8,245$6,616$5,272$4,177$1,765
21 years$9,608$7,680$6,086$4,785$3,738$1,498
22 years$9,075$7,169$5,609$4,351$3,350$1,272
23 years$8,589$6,705$5,179$3,962$3,007$1,081
24 years$8,143$6,282$4,789$3,614$2,703$920
25 years$7,734$5,896$4,436$3,300$2,432$783
26 years$7,358$5,541$4,114$3,018$2,191$667
27 years$7,009$5,215$3,820$2,762$1,975$568
28 years$6,686$4,914$3,551$2,531$1,782$484
29 years$6,386$4,636$3,305$2,321$1,610$412
30 years$6,107$4,378$3,078$2,130$1,454$352
31 years$5,846$4,139$2,870$1,956$1,315$300
32 years$5,601$3,916$2,678$1,798$1,189$256
33 years$5,373$3,708$2,500$1,653$1,076$218
34 years$5,158$3,515$2,336$1,521$975$186
35 years$4,955$3,334$2,184$1,400$883$159
36 years$4,765$3,164$2,043$1,290$800$136
37 years$4,585$3,005$1,912$1,188$725$116
38 years$4,415$2,856$1,791$1,095$657$99
39 years$4,254$2,716$1,678$1,010$596$84
40 years$4,101$2,584$1,573$931$541$72
41 years$3,957$2,460$1,475$859$490$62
42 years$3,819$2,342$1,383$793$445$53
43 years$3,689$2,232$1,298$732$404$45
44 years$3,564$2,127$1,218$676$367$38
45 years$3,446$2,029$1,144$624$333$33
46 years$3,333$1,935$1,074$577$302$28
47 years$3,225$1,847$1,009$533$274$24
48 years$3,122$1,763$949$492$249$20
49 years$3,023$1,684$892$455$226$17
50 years$2,929$1,608$838$421$206$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,000,000, adding $3,347 every year, while hoping to spend $58,471 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: 25/49/26 Blend
58$3,000,000$3,000,000$3,000,000$3,000,000
59$3,309,452$3,150,452$3,103,952$3,364,980
60$3,584,804$3,242,612$3,145,722$3,503,257
61$3,886,281$3,337,328$3,186,931$3,646,187
62$4,216,488$3,434,663$3,227,500$3,798,209
63$4,578,291$3,534,682$3,267,342$3,960,124
64$4,974,847$3,637,452$3,306,368$4,132,812
65$5,409,633$3,743,039$3,344,483$4,317,239
66$5,886,479$3,851,511$3,381,587$4,514,469
67$6,409,603$3,962,938$3,417,573$4,725,672
68$6,983,651$4,077,390$3,452,330$4,952,132
69$7,613,739$4,194,938$3,485,739$5,195,267
70$8,305,507$4,315,656$3,517,677$5,456,632
71$9,065,162$4,439,617$3,548,013$5,737,941
72$9,899,545$4,566,895$3,576,608$6,041,080
73$10,816,192$4,697,567$3,603,318$6,368,125
74$11,823,405$4,831,708$3,627,990$6,721,363
75$12,930,328$4,969,398$3,650,464$7,103,309
76$14,147,036$5,110,713$3,670,569$7,516,734
77$15,484,630$5,255,734$3,688,130$7,964,690
78$16,955,339$5,404,541$3,702,958$8,450,536
79$18,572,635$5,557,215$3,714,858$8,977,974
80$20,351,362$5,713,837$3,723,625$9,551,080
81$22,307,875$5,874,490$3,729,041$10,174,344
82$24,460,195$6,039,256$3,730,879$10,852,712
83$26,828,173$6,208,218$3,728,903$11,591,633
84$29,433,686$6,381,460$3,722,860$12,397,109
85$32,300,836$6,559,066$3,712,490$13,275,754
86$35,456,181$6,741,119$3,697,518$14,234,853
87$38,928,981$6,927,704$3,677,654$15,282,434
88$42,751,479$7,118,903$3,652,598$16,427,341
89$46,959,202$7,314,802$3,622,032$17,679,321
90$51,591,295$7,515,482$3,585,625$19,049,112
91$56,690,893$7,721,026$3,543,029$20,548,547
92$62,305,525$7,931,517$3,493,881$22,190,664
93$68,487,562$8,147,035$3,437,800$23,989,831
94$75,294,713$8,367,659$3,374,386$25,961,882
95$82,790,569$8,593,469$3,303,223$28,124,264
96$91,045,199$8,824,542$3,223,873$30,496,204
97$100,135,816$9,060,951$3,135,879$33,098,890
98$110,147,503$9,302,771$3,038,765$35,955,671
99$121,174,013$9,550,072$2,932,028$39,092,279
100$133,318,659$9,802,921$2,815,147$42,537,072