Can I retire at age 72 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%16.2%
1 years$247,737$245,530$243,378$241,276$239,224$233,157
2 years$122,642$120,358$118,144$115,998$113,916$107,843
3 years$80,949$78,655$76,447$74,321$72,273$66,384
4 years$60,107$57,820$55,634$53,544$51,546$45,886
5 years$47,605$45,332$43,174$41,127$39,184$33,769
6 years$39,273$37,017$34,891$32,890$31,005$25,841
7 years$33,324$31,087$28,995$27,040$25,216$20,302
8 years$28,864$26,647$24,590$22,684$20,919$16,253
9 years$25,397$23,201$21,179$19,321$17,617$13,196
10 years$22,625$20,450$18,465$16,655$15,010$10,829
11 years$20,359$18,206$16,256$14,495$12,909$8,961
12 years$18,471$16,341$14,427$12,714$11,187$7,465
13 years$16,875$14,767$12,889$11,225$9,755$6,252
14 years$15,509$13,423$11,581$9,964$8,551$5,259
15 years$14,326$12,262$10,456$8,886$7,529$4,439
16 years$13,291$11,250$9,480$7,957$6,654$3,759
17 years$12,379$10,361$8,626$7,149$5,900$3,191
18 years$11,570$9,574$7,875$6,443$5,246$2,714
19 years$10,846$8,873$7,209$5,821$4,676$2,312
20 years$10,196$8,245$6,616$5,272$4,177$1,973
21 years$9,608$7,680$6,086$4,785$3,738$1,686
22 years$9,075$7,169$5,609$4,351$3,350$1,442
23 years$8,589$6,705$5,179$3,962$3,007$1,234
24 years$8,143$6,282$4,789$3,614$2,703$1,057
25 years$7,734$5,896$4,436$3,300$2,432$906
26 years$7,358$5,541$4,114$3,018$2,191$777
27 years$7,009$5,215$3,820$2,762$1,975$667
28 years$6,686$4,914$3,551$2,531$1,782$573
29 years$6,386$4,636$3,305$2,321$1,610$492
30 years$6,107$4,378$3,078$2,130$1,454$422
31 years$5,846$4,139$2,870$1,956$1,315$363
32 years$5,601$3,916$2,678$1,798$1,189$312
33 years$5,373$3,708$2,500$1,653$1,076$268
34 years$5,158$3,515$2,336$1,521$975$231
35 years$4,955$3,334$2,184$1,400$883$198
36 years$4,765$3,164$2,043$1,290$800$170
37 years$4,585$3,005$1,912$1,188$725$147
38 years$4,415$2,856$1,791$1,095$657$126
39 years$4,254$2,716$1,678$1,010$596$108
40 years$4,101$2,584$1,573$931$541$93
41 years$3,957$2,460$1,475$859$490$80
42 years$3,819$2,342$1,383$793$445$69
43 years$3,689$2,232$1,298$732$404$59
44 years$3,564$2,127$1,218$676$367$51
45 years$3,446$2,029$1,144$624$333$44
46 years$3,333$1,935$1,074$577$302$38
47 years$3,225$1,847$1,009$533$274$33
48 years$3,122$1,763$949$492$249$28
49 years$3,023$1,684$892$455$226$24
50 years$2,929$1,608$838$421$206$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,000,000, adding $3,524 every year, while hoping to spend $21,096 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: 68/11/21 Blend
71$3,000,000$3,000,000$3,000,000$3,000,000
72$3,309,635$3,150,635$3,104,135$3,517,069
73$3,624,772$3,282,570$3,185,678$3,788,274
74$3,971,345$3,420,263$3,269,245$4,082,066
75$4,352,540$3,563,974$3,354,882$4,402,947
76$4,771,865$3,713,974$3,442,636$4,753,587
77$5,233,184$3,870,548$3,532,554$5,136,928
78$5,740,758$4,033,993$3,624,683$5,556,204
79$6,299,279$4,204,622$3,719,073$6,014,979
80$6,913,917$4,382,761$3,815,774$6,517,177
81$7,590,370$4,568,749$3,914,835$7,067,116
82$8,334,914$4,762,945$4,016,309$7,669,554
83$9,154,468$4,965,721$4,120,248$8,329,728
84$10,056,652$5,177,470$4,226,705$9,053,406
85$11,049,864$5,398,599$4,335,733$9,846,939
86$12,143,358$5,629,539$4,447,388$10,717,325
87$13,347,330$5,870,736$4,561,725$11,672,267
88$14,673,015$6,122,660$4,678,801$12,720,251
89$16,132,795$6,385,802$4,798,673$13,870,624
90$17,740,311$6,660,678$4,921,399$15,133,681
91$19,510,596$6,947,824$5,047,039$16,520,762
92$21,460,214$7,247,805$5,175,652$18,044,357
93$23,607,419$7,561,210$5,307,299$19,718,227
94$25,972,324$7,888,657$5,442,042$21,557,527
95$28,577,093$8,230,793$5,579,942$23,578,956
96$31,446,149$8,588,295$5,721,064$25,800,907
97$34,606,407$8,961,872$5,865,469$28,243,644
98$38,087,522$9,352,266$6,013,224$30,929,490
99$41,922,176$9,760,253$6,164,394$33,883,038
100$46,146,381$10,186,648$6,319,044$37,131,384