Can I retire at age 67 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%15.2%
1 years$247,737$245,530$243,378$241,276$239,224$234,107
2 years$122,642$120,358$118,144$115,998$113,916$108,786
3 years$80,949$78,655$76,447$74,321$72,273$67,289
4 years$60,107$57,820$55,634$53,544$51,546$46,747
5 years$47,605$45,332$43,174$41,127$39,184$34,585
6 years$39,273$37,017$34,891$32,890$31,005$26,609
7 years$33,324$31,087$28,995$27,040$25,216$21,024
8 years$28,864$26,647$24,590$22,684$20,919$16,930
9 years$25,397$23,201$21,179$19,321$17,617$13,828
10 years$22,625$20,450$18,465$16,655$15,010$11,418
11 years$20,359$18,206$16,256$14,495$12,909$9,509
12 years$18,471$16,341$14,427$12,714$11,187$7,973
13 years$16,875$14,767$12,889$11,225$9,755$6,722
14 years$15,509$13,423$11,581$9,964$8,551$5,694
15 years$14,326$12,262$10,456$8,886$7,529$4,840
16 years$13,291$11,250$9,480$7,957$6,654$4,127
17 years$12,379$10,361$8,626$7,149$5,900$3,529
18 years$11,570$9,574$7,875$6,443$5,246$3,024
19 years$10,846$8,873$7,209$5,821$4,676$2,596
20 years$10,196$8,245$6,616$5,272$4,177$2,232
21 years$9,608$7,680$6,086$4,785$3,738$1,921
22 years$9,075$7,169$5,609$4,351$3,350$1,656
23 years$8,589$6,705$5,179$3,962$3,007$1,429
24 years$8,143$6,282$4,789$3,614$2,703$1,234
25 years$7,734$5,896$4,436$3,300$2,432$1,066
26 years$7,358$5,541$4,114$3,018$2,191$922
27 years$7,009$5,215$3,820$2,762$1,975$797
28 years$6,686$4,914$3,551$2,531$1,782$690
29 years$6,386$4,636$3,305$2,321$1,610$598
30 years$6,107$4,378$3,078$2,130$1,454$518
31 years$5,846$4,139$2,870$1,956$1,315$448
32 years$5,601$3,916$2,678$1,798$1,189$389
33 years$5,373$3,708$2,500$1,653$1,076$337
34 years$5,158$3,515$2,336$1,521$975$292
35 years$4,955$3,334$2,184$1,400$883$253
36 years$4,765$3,164$2,043$1,290$800$220
37 years$4,585$3,005$1,912$1,188$725$190
38 years$4,415$2,856$1,791$1,095$657$165
39 years$4,254$2,716$1,678$1,010$596$143
40 years$4,101$2,584$1,573$931$541$124
41 years$3,957$2,460$1,475$859$490$108
42 years$3,819$2,342$1,383$793$445$94
43 years$3,689$2,232$1,298$732$404$81
44 years$3,564$2,127$1,218$676$367$71
45 years$3,446$2,029$1,144$624$333$61
46 years$3,333$1,935$1,074$577$302$53
47 years$3,225$1,847$1,009$533$274$46
48 years$3,122$1,763$949$492$249$40
49 years$3,023$1,684$892$455$226$35
50 years$2,929$1,608$838$421$206$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $3,000,000, adding $5,082 every year, while hoping to spend $47,293 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: 70/19/11 Blend
66$3,000,000$3,000,000$3,000,000$3,000,000
67$3,311,242$3,152,242$3,105,742$3,535,199
68$3,598,669$3,256,383$3,159,465$3,788,474
69$3,913,829$3,364,041$3,213,403$4,059,311
70$4,259,500$3,475,339$3,267,512$4,354,434
71$4,638,743$3,590,405$3,321,748$4,676,224
72$5,054,930$3,709,369$3,376,061$5,027,302
73$5,511,773$3,832,369$3,430,399$5,410,555
74$6,013,363$3,959,544$3,484,707$5,829,159
75$6,564,205$4,091,041$3,538,924$6,286,612
76$7,169,265$4,227,013$3,592,988$6,786,768
77$7,834,009$4,367,615$3,646,833$7,333,868
78$8,564,461$4,513,012$3,700,385$7,932,583
79$9,367,259$4,663,372$3,753,570$8,588,058
80$10,249,712$4,818,870$3,806,308$9,305,958
81$11,219,875$4,979,688$3,858,512$10,092,524
82$12,286,624$5,146,013$3,910,093$10,954,628
83$13,459,733$5,318,042$3,960,955$11,899,840
84$14,749,976$5,495,976$4,010,997$12,936,500
85$16,169,220$5,680,025$4,060,112$14,073,791
86$17,730,541$5,870,407$4,108,187$15,321,831
87$19,448,347$6,067,348$4,155,102$16,691,767
88$21,338,512$6,271,082$4,200,731$18,195,875
89$23,418,527$6,481,851$4,244,942$19,847,681
90$25,707,663$6,699,908$4,287,594$21,662,087
91$28,227,155$6,925,513$4,328,538$23,655,507
92$31,000,400$7,158,939$4,367,620$25,846,029
93$34,053,179$7,400,466$4,404,674$28,253,576
94$37,413,901$7,650,386$4,439,527$30,900,100
95$41,113,865$7,909,001$4,471,998$33,809,789
96$45,187,564$8,176,627$4,501,895$37,009,289
97$49,673,004$8,453,590$4,529,016$40,527,960
98$54,612,061$8,740,227$4,553,149$44,398,151
99$60,050,884$9,036,890$4,574,072$48,655,505
100$66,040,320$9,343,944$4,591,550$53,339,292