Can I retire at age 75 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%14.7%
1 years$247,737$245,530$243,378$241,276$239,224$234,586
2 years$122,642$120,358$118,144$115,998$113,916$109,262
3 years$80,949$78,655$76,447$74,321$72,273$67,748
4 years$60,107$57,820$55,634$53,544$51,546$47,185
5 years$47,605$45,332$43,174$41,127$39,184$35,000
6 years$39,273$37,017$34,891$32,890$31,005$27,002
7 years$33,324$31,087$28,995$27,040$25,216$21,394
8 years$28,864$26,647$24,590$22,684$20,919$17,279
9 years$25,397$23,201$21,179$19,321$17,617$14,155
10 years$22,625$20,450$18,465$16,655$15,010$11,724
11 years$20,359$18,206$16,256$14,495$12,909$9,795
12 years$18,471$16,341$14,427$12,714$11,187$8,240
13 years$16,875$14,767$12,889$11,225$9,755$6,970
14 years$15,509$13,423$11,581$9,964$8,551$5,923
15 years$14,326$12,262$10,456$8,886$7,529$5,053
16 years$13,291$11,250$9,480$7,957$6,654$4,324
17 years$12,379$10,361$8,626$7,149$5,900$3,710
18 years$11,570$9,574$7,875$6,443$5,246$3,191
19 years$10,846$8,873$7,209$5,821$4,676$2,749
20 years$10,196$8,245$6,616$5,272$4,177$2,373
21 years$9,608$7,680$6,086$4,785$3,738$2,051
22 years$9,075$7,169$5,609$4,351$3,350$1,774
23 years$8,589$6,705$5,179$3,962$3,007$1,537
24 years$8,143$6,282$4,789$3,614$2,703$1,332
25 years$7,734$5,896$4,436$3,300$2,432$1,156
26 years$7,358$5,541$4,114$3,018$2,191$1,003
27 years$7,009$5,215$3,820$2,762$1,975$871
28 years$6,686$4,914$3,551$2,531$1,782$757
29 years$6,386$4,636$3,305$2,321$1,610$658
30 years$6,107$4,378$3,078$2,130$1,454$573
31 years$5,846$4,139$2,870$1,956$1,315$498
32 years$5,601$3,916$2,678$1,798$1,189$434
33 years$5,373$3,708$2,500$1,653$1,076$377
34 years$5,158$3,515$2,336$1,521$975$329
35 years$4,955$3,334$2,184$1,400$883$286
36 years$4,765$3,164$2,043$1,290$800$249
37 years$4,585$3,005$1,912$1,188$725$217
38 years$4,415$2,856$1,791$1,095$657$189
39 years$4,254$2,716$1,678$1,010$596$165
40 years$4,101$2,584$1,573$931$541$144
41 years$3,957$2,460$1,475$859$490$125
42 years$3,819$2,342$1,383$793$445$109
43 years$3,689$2,232$1,298$732$404$95
44 years$3,564$2,127$1,218$676$367$83
45 years$3,446$2,029$1,144$624$333$72
46 years$3,333$1,935$1,074$577$302$63
47 years$3,225$1,847$1,009$533$274$55
48 years$3,122$1,763$949$492$249$48
49 years$3,023$1,684$892$455$226$42
50 years$2,929$1,608$838$421$206$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $3,000,000, adding $2,433 every year, while hoping to spend $32,924 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: 60/28/12 Blend
74$3,000,000$3,000,000$3,000,000$3,000,000
75$3,308,510$3,149,510$3,103,010$3,497,298
76$3,610,947$3,268,805$3,171,930$3,743,819
77$3,943,129$3,392,842$3,242,055$4,008,674
78$4,308,056$3,521,818$3,313,391$4,296,784
79$4,709,031$3,655,941$3,385,943$4,610,394
80$5,149,694$3,795,424$3,459,714$4,951,974
81$5,634,056$3,940,493$3,534,708$5,324,243
82$6,166,534$4,091,382$3,610,925$5,730,191
83$6,751,996$4,248,335$3,688,366$6,173,107
84$7,395,803$4,411,607$3,767,031$6,656,614
85$8,103,865$4,581,466$3,846,917$7,184,694
86$8,882,691$4,758,189$3,928,020$7,761,735
87$9,739,452$4,942,067$4,010,335$8,392,561
88$10,682,051$5,133,403$4,093,855$9,082,487
89$11,719,193$5,332,513$4,178,573$9,837,362
90$12,860,473$5,539,728$4,264,477$10,663,623
91$14,116,460$5,755,394$4,351,556$11,568,361
92$15,498,800$5,979,870$4,439,794$12,559,379
93$17,020,327$6,213,532$4,529,177$13,645,273
94$18,695,180$6,456,775$4,619,683$14,835,503
95$20,538,939$6,710,008$4,711,294$16,140,490
96$22,568,773$6,973,660$4,803,984$17,571,708
97$24,803,598$7,248,179$4,897,727$19,141,794
98$27,264,258$7,534,033$4,992,495$20,864,664
99$29,973,723$7,831,711$5,088,254$22,755,644
100$32,957,301$8,141,723$5,184,969$24,831,615