Can I retire at age 65 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%12.1%
1 years$247,737$245,530$243,378$241,276$239,224$237,121
2 years$122,642$120,358$118,144$115,998$113,916$111,797
3 years$80,949$78,655$76,447$74,321$72,273$70,203
4 years$60,107$57,820$55,634$53,544$51,546$49,541
5 years$47,605$45,332$43,174$41,127$39,184$37,251
6 years$39,273$37,017$34,891$32,890$31,005$29,146
7 years$33,324$31,087$28,995$27,040$25,216$23,431
8 years$28,864$26,647$24,590$22,684$20,919$19,208
9 years$25,397$23,201$21,179$19,321$17,617$15,980
10 years$22,625$20,450$18,465$16,655$15,010$13,447
11 years$20,359$18,206$16,256$14,495$12,909$11,418
12 years$18,471$16,341$14,427$12,714$11,187$9,766
13 years$16,875$14,767$12,889$11,225$9,755$8,403
14 years$15,509$13,423$11,581$9,964$8,551$7,266
15 years$14,326$12,262$10,456$8,886$7,529$6,310
16 years$13,291$11,250$9,480$7,957$6,654$5,498
17 years$12,379$10,361$8,626$7,149$5,900$4,805
18 years$11,570$9,574$7,875$6,443$5,246$4,210
19 years$10,846$8,873$7,209$5,821$4,676$3,697
20 years$10,196$8,245$6,616$5,272$4,177$3,253
21 years$9,608$7,680$6,086$4,785$3,738$2,867
22 years$9,075$7,169$5,609$4,351$3,350$2,530
23 years$8,589$6,705$5,179$3,962$3,007$2,236
24 years$8,143$6,282$4,789$3,614$2,703$1,978
25 years$7,734$5,896$4,436$3,300$2,432$1,751
26 years$7,358$5,541$4,114$3,018$2,191$1,552
27 years$7,009$5,215$3,820$2,762$1,975$1,376
28 years$6,686$4,914$3,551$2,531$1,782$1,222
29 years$6,386$4,636$3,305$2,321$1,610$1,085
30 years$6,107$4,378$3,078$2,130$1,454$964
31 years$5,846$4,139$2,870$1,956$1,315$857
32 years$5,601$3,916$2,678$1,798$1,189$762
33 years$5,373$3,708$2,500$1,653$1,076$677
34 years$5,158$3,515$2,336$1,521$975$603
35 years$4,955$3,334$2,184$1,400$883$537
36 years$4,765$3,164$2,043$1,290$800$478
37 years$4,585$3,005$1,912$1,188$725$425
38 years$4,415$2,856$1,791$1,095$657$379
39 years$4,254$2,716$1,678$1,010$596$337
40 years$4,101$2,584$1,573$931$541$301
41 years$3,957$2,460$1,475$859$490$268
42 years$3,819$2,342$1,383$793$445$239
43 years$3,689$2,232$1,298$732$404$213
44 years$3,564$2,127$1,218$676$367$190
45 years$3,446$2,029$1,144$624$333$169
46 years$3,333$1,935$1,074$577$302$151
47 years$3,225$1,847$1,009$533$274$134
48 years$3,122$1,763$949$492$249$120
49 years$3,023$1,684$892$455$226$107
50 years$2,929$1,608$838$421$206$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,000,000, adding $4,629 every year, while hoping to spend $51,078 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: 72/8/20 Blend
64$3,000,000$3,000,000$3,000,000$3,000,000
65$3,310,775$3,151,775$3,105,275$3,532,857
66$3,594,127$3,251,865$3,154,955$3,781,318
67$3,904,670$3,355,148$3,204,587$4,046,786
68$4,245,122$3,461,726$3,254,117$4,336,244
69$4,618,478$3,571,705$3,303,484$4,652,067
70$5,028,038$3,685,194$3,352,626$4,996,868
71$5,477,436$3,802,305$3,401,476$5,373,526
72$5,970,672$3,923,157$3,449,964$5,785,212
73$6,512,157$4,047,867$3,498,014$6,235,418
74$7,106,746$4,176,562$3,545,546$6,727,993
75$7,759,789$4,309,369$3,592,477$7,267,174
76$8,477,180$4,446,420$3,638,717$7,857,630
77$9,265,410$4,587,852$3,684,172$8,504,504
78$10,131,632$4,733,807$3,728,742$9,213,462
79$11,083,724$4,884,429$3,772,320$9,990,747
80$12,130,368$5,039,870$3,814,797$10,843,236
81$13,281,127$5,200,285$3,856,054$11,778,506
82$14,546,537$5,365,834$3,895,967$12,804,905
83$15,938,207$5,536,683$3,934,405$13,931,631
84$17,468,927$5,713,004$3,971,231$15,168,818
85$19,152,789$5,894,972$4,006,298$16,527,632
86$21,005,318$6,082,771$4,039,455$18,020,376
87$23,043,623$6,276,589$4,070,538$19,660,606
88$25,286,551$6,476,620$4,099,380$21,463,259
89$27,754,871$6,683,066$4,125,801$23,444,793
90$30,471,465$6,896,134$4,149,613$25,623,345
91$33,461,549$7,116,039$4,170,619$28,018,896
92$36,752,904$7,343,002$4,188,612$30,653,467
93$40,376,143$7,577,252$4,203,373$33,551,322
94$44,364,997$7,819,025$4,214,674$36,739,196
95$48,756,635$8,068,566$4,222,274$40,246,552
96$53,592,012$8,326,125$4,225,920$44,105,856
97$58,916,257$8,591,965$4,225,347$48,352,880
98$64,779,097$8,866,353$4,220,278$53,027,047
99$71,235,328$9,149,567$4,210,421$58,171,797
100$78,345,331$9,441,896$4,195,469$63,835,000