Can I retire at age 67 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%13.5%
1 years$247,737$245,530$243,378$241,276$239,224$235,747
2 years$122,642$120,358$118,144$115,998$113,916$110,420
3 years$80,949$78,655$76,447$74,321$72,273$68,867
4 years$60,107$57,820$55,634$53,544$51,546$48,256
5 years$47,605$45,332$43,174$41,127$39,184$36,020
6 years$39,273$37,017$34,891$32,890$31,005$27,970
7 years$33,324$31,087$28,995$27,040$25,216$22,311
8 years$28,864$26,647$24,590$22,684$20,919$18,144
9 years$25,397$23,201$21,179$19,321$17,617$14,971
10 years$22,625$20,450$18,465$16,655$15,010$12,492
11 years$20,359$18,206$16,256$14,495$12,909$10,515
12 years$18,471$16,341$14,427$12,714$11,187$8,914
13 years$16,875$14,767$12,889$11,225$9,755$7,600
14 years$15,509$13,423$11,581$9,964$8,551$6,511
15 years$14,326$12,262$10,456$8,886$7,529$5,601
16 years$13,291$11,250$9,480$7,957$6,654$4,833
17 years$12,379$10,361$8,626$7,149$5,900$4,183
18 years$11,570$9,574$7,875$6,443$5,246$3,629
19 years$10,846$8,873$7,209$5,821$4,676$3,154
20 years$10,196$8,245$6,616$5,272$4,177$2,747
21 years$9,608$7,680$6,086$4,785$3,738$2,395
22 years$9,075$7,169$5,609$4,351$3,350$2,092
23 years$8,589$6,705$5,179$3,962$3,007$1,829
24 years$8,143$6,282$4,789$3,614$2,703$1,600
25 years$7,734$5,896$4,436$3,300$2,432$1,402
26 years$7,358$5,541$4,114$3,018$2,191$1,228
27 years$7,009$5,215$3,820$2,762$1,975$1,077
28 years$6,686$4,914$3,551$2,531$1,782$945
29 years$6,386$4,636$3,305$2,321$1,610$830
30 years$6,107$4,378$3,078$2,130$1,454$729
31 years$5,846$4,139$2,870$1,956$1,315$641
32 years$5,601$3,916$2,678$1,798$1,189$563
33 years$5,373$3,708$2,500$1,653$1,076$495
34 years$5,158$3,515$2,336$1,521$975$435
35 years$4,955$3,334$2,184$1,400$883$383
36 years$4,765$3,164$2,043$1,290$800$337
37 years$4,585$3,005$1,912$1,188$725$296
38 years$4,415$2,856$1,791$1,095$657$261
39 years$4,254$2,716$1,678$1,010$596$230
40 years$4,101$2,584$1,573$931$541$202
41 years$3,957$2,460$1,475$859$490$178
42 years$3,819$2,342$1,383$793$445$157
43 years$3,689$2,232$1,298$732$404$138
44 years$3,564$2,127$1,218$676$367$122
45 years$3,446$2,029$1,144$624$333$107
46 years$3,333$1,935$1,074$577$302$94
47 years$3,225$1,847$1,009$533$274$83
48 years$3,122$1,763$949$492$249$73
49 years$3,023$1,684$892$455$226$64
50 years$2,929$1,608$838$421$206$57

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 $6,959 every year, while hoping to spend $56,185 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: 85/10/5 Blend
66$3,000,000$3,000,000$3,000,000$3,000,000
67$3,313,178$3,154,178$3,107,678$3,594,247
68$3,591,342$3,248,953$3,152,005$3,873,281
69$3,895,995$3,346,488$3,195,934$4,171,327
70$4,229,781$3,446,860$3,239,392$4,496,940
71$4,595,609$3,550,146$3,282,302$4,852,850
72$4,996,685$3,656,427$3,324,583$5,242,065
73$5,436,539$3,765,784$3,366,148$5,667,894
74$5,919,059$3,878,301$3,406,907$6,133,985
75$6,448,528$3,994,062$3,446,764$6,644,353
76$7,029,663$4,113,157$3,485,615$7,203,421
77$7,667,661$4,235,673$3,523,355$7,816,061
78$8,368,244$4,361,704$3,559,870$8,487,637
79$9,137,720$4,491,342$3,595,040$9,224,061
80$9,983,033$4,624,683$3,628,740$10,031,842
81$10,911,837$4,761,827$3,660,837$10,918,152
82$11,932,560$4,902,872$3,691,190$11,890,890
83$13,054,489$5,047,921$3,719,654$12,958,759
84$14,287,857$5,197,080$3,746,073$14,131,347
85$15,643,936$5,350,454$3,770,283$15,419,214
86$17,135,144$5,508,153$3,792,114$16,833,997
87$18,775,165$5,670,288$3,811,386$18,388,515
88$20,579,073$5,836,973$3,827,909$20,096,892
89$22,563,478$6,008,325$3,841,484$21,974,687
90$24,746,681$6,184,461$3,851,901$24,039,045
91$27,148,845$6,365,502$3,858,942$26,308,854
92$29,792,186$6,551,571$3,862,377$28,804,927
93$32,701,185$6,742,794$3,861,962$31,550,193
94$35,902,813$6,939,297$3,857,444$34,569,919
95$39,426,788$7,141,212$3,848,557$37,891,942
96$43,305,859$7,348,670$3,835,023$41,546,937
97$47,576,108$7,561,805$3,816,547$45,568,701
98$52,277,293$7,780,756$3,792,823$49,994,474
99$57,453,225$8,005,661$3,763,530$54,865,293
100$63,152,176$8,236,660$3,728,331$60,226,373