Can I retire at age 55 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%16.3%
1 years$247,737$245,530$243,378$241,276$239,224$233,063
2 years$122,642$120,358$118,144$115,998$113,916$107,750
3 years$80,949$78,655$76,447$74,321$72,273$66,294
4 years$60,107$57,820$55,634$53,544$51,546$45,801
5 years$47,605$45,332$43,174$41,127$39,184$33,689
6 years$39,273$37,017$34,891$32,890$31,005$25,765
7 years$33,324$31,087$28,995$27,040$25,216$20,231
8 years$28,864$26,647$24,590$22,684$20,919$16,187
9 years$25,397$23,201$21,179$19,321$17,617$13,134
10 years$22,625$20,450$18,465$16,655$15,010$10,771
11 years$20,359$18,206$16,256$14,495$12,909$8,908
12 years$18,471$16,341$14,427$12,714$11,187$7,416
13 years$16,875$14,767$12,889$11,225$9,755$6,206
14 years$15,509$13,423$11,581$9,964$8,551$5,217
15 years$14,326$12,262$10,456$8,886$7,529$4,401
16 years$13,291$11,250$9,480$7,957$6,654$3,724
17 years$12,379$10,361$8,626$7,149$5,900$3,159
18 years$11,570$9,574$7,875$6,443$5,246$2,685
19 years$10,846$8,873$7,209$5,821$4,676$2,286
20 years$10,196$8,245$6,616$5,272$4,177$1,949
21 years$9,608$7,680$6,086$4,785$3,738$1,664
22 years$9,075$7,169$5,609$4,351$3,350$1,422
23 years$8,589$6,705$5,179$3,962$3,007$1,216
24 years$8,143$6,282$4,789$3,614$2,703$1,041
25 years$7,734$5,896$4,436$3,300$2,432$892
26 years$7,358$5,541$4,114$3,018$2,191$764
27 years$7,009$5,215$3,820$2,762$1,975$655
28 years$6,686$4,914$3,551$2,531$1,782$562
29 years$6,386$4,636$3,305$2,321$1,610$482
30 years$6,107$4,378$3,078$2,130$1,454$414
31 years$5,846$4,139$2,870$1,956$1,315$355
32 years$5,601$3,916$2,678$1,798$1,189$305
33 years$5,373$3,708$2,500$1,653$1,076$262
34 years$5,158$3,515$2,336$1,521$975$225
35 years$4,955$3,334$2,184$1,400$883$193
36 years$4,765$3,164$2,043$1,290$800$166
37 years$4,585$3,005$1,912$1,188$725$143
38 years$4,415$2,856$1,791$1,095$657$123
39 years$4,254$2,716$1,678$1,010$596$106
40 years$4,101$2,584$1,573$931$541$91
41 years$3,957$2,460$1,475$859$490$78
42 years$3,819$2,342$1,383$793$445$67
43 years$3,689$2,232$1,298$732$404$58
44 years$3,564$2,127$1,218$676$367$50
45 years$3,446$2,029$1,144$624$333$43
46 years$3,333$1,935$1,074$577$302$37
47 years$3,225$1,847$1,009$533$274$31
48 years$3,122$1,763$949$492$249$27
49 years$3,023$1,684$892$455$226$23
50 years$2,929$1,608$838$421$206$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,000,000, adding $3,684 every year, while hoping to spend $53,803 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: 57/13/30 Blend
54$3,000,000$3,000,000$3,000,000$3,000,000
55$3,309,800$3,150,800$3,104,300$3,470,897
56$3,590,154$3,247,943$3,151,048$3,679,292
57$3,897,300$3,348,043$3,197,559$3,900,429
58$4,233,915$3,451,188$3,243,768$4,140,402
59$4,602,947$3,557,468$3,289,606$4,401,054
60$5,007,641$3,666,977$3,335,001$4,684,414
61$5,451,571$3,779,811$3,379,875$4,992,717
62$5,938,678$3,896,067$3,424,147$5,328,426
63$6,473,297$4,015,849$3,467,730$5,694,250
64$7,060,206$4,139,258$3,510,532$6,093,179
65$7,704,669$4,266,404$3,552,457$6,528,502
66$8,412,484$4,397,397$3,593,403$7,003,846
67$9,190,037$4,532,349$3,633,261$7,523,202
68$10,044,364$4,671,377$3,671,919$8,090,973
69$10,983,216$4,814,601$3,709,255$8,712,006
70$12,015,132$4,962,145$3,745,143$9,391,643
71$13,149,520$5,114,134$3,779,449$10,135,769
72$14,396,744$5,270,700$3,812,034$10,950,868
73$15,768,223$5,431,975$3,842,748$11,844,085
74$17,276,537$5,598,098$3,871,436$12,823,295
75$18,935,549$5,769,209$3,897,934$13,897,171
76$20,760,529$5,945,454$3,922,069$15,075,274
77$22,768,303$6,126,982$3,943,659$16,368,137
78$24,977,413$6,313,947$3,962,514$17,787,367
79$27,408,283$6,506,505$3,978,432$19,345,755
80$30,083,423$6,704,818$3,991,205$21,057,395
81$33,027,630$6,909,053$4,000,609$22,937,820
82$36,268,232$7,119,380$4,006,412$25,004,145
83$39,835,336$7,335,974$4,008,371$27,275,231
84$43,762,119$7,559,015$4,006,230$29,771,863
85$48,085,136$7,788,687$3,999,720$32,516,946
86$52,844,668$8,025,181$3,988,559$35,535,719
87$58,085,100$8,268,691$3,972,452$38,855,998
88$63,855,340$8,519,417$3,951,088$42,508,436
89$70,209,280$8,777,563$3,924,145$46,526,812
90$77,206,303$9,043,341$3,891,281$50,948,351
91$84,911,847$9,316,965$3,852,139$55,814,075
92$93,398,016$9,598,658$3,806,347$61,169,193
93$102,744,268$9,888,646$3,753,514$67,063,523
94$113,038,156$10,187,163$3,693,229$73,551,967
95$124,376,162$10,494,447$3,625,066$80,695,029
96$136,864,599$10,810,744$3,548,574$88,559,384
97$150,620,622$11,136,304$3,463,286$97,218,510
98$165,773,328$11,471,386$3,368,708$106,753,381
99$182,464,977$11,816,253$3,264,329$117,253,235
100$200,852,330$12,171,175$3,149,610$128,816,410