Can I retire at age 65 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%19.1%
1 years$247,737$245,530$243,378$241,276$239,224$230,461
2 years$122,642$120,358$118,144$115,998$113,916$105,185
3 years$80,949$78,655$76,447$74,321$72,273$63,849
4 years$60,107$57,820$55,634$53,544$51,546$43,492
5 years$47,605$45,332$43,174$41,127$39,184$31,523
6 years$39,273$37,017$34,891$32,890$31,005$23,741
7 years$33,324$31,087$28,995$27,040$25,216$18,347
8 years$28,864$26,647$24,590$22,684$20,919$14,439
9 years$25,397$23,201$21,179$19,321$17,617$11,518
10 years$22,625$20,450$18,465$16,655$15,010$9,281
11 years$20,359$18,206$16,256$14,495$12,909$7,538
12 years$18,471$16,341$14,427$12,714$11,187$6,160
13 years$16,875$14,767$12,889$11,225$9,755$5,059
14 years$15,509$13,423$11,581$9,964$8,551$4,170
15 years$14,326$12,262$10,456$8,886$7,529$3,449
16 years$13,291$11,250$9,480$7,957$6,654$2,860
17 years$12,379$10,361$8,626$7,149$5,900$2,377
18 years$11,570$9,574$7,875$6,443$5,246$1,978
19 years$10,846$8,873$7,209$5,821$4,676$1,649
20 years$10,196$8,245$6,616$5,272$4,177$1,376
21 years$9,608$7,680$6,086$4,785$3,738$1,150
22 years$9,075$7,169$5,609$4,351$3,350$962
23 years$8,589$6,705$5,179$3,962$3,007$805
24 years$8,143$6,282$4,789$3,614$2,703$674
25 years$7,734$5,896$4,436$3,300$2,432$564
26 years$7,358$5,541$4,114$3,018$2,191$473
27 years$7,009$5,215$3,820$2,762$1,975$396
28 years$6,686$4,914$3,551$2,531$1,782$332
29 years$6,386$4,636$3,305$2,321$1,610$279
30 years$6,107$4,378$3,078$2,130$1,454$234
31 years$5,846$4,139$2,870$1,956$1,315$196
32 years$5,601$3,916$2,678$1,798$1,189$164
33 years$5,373$3,708$2,500$1,653$1,076$138
34 years$5,158$3,515$2,336$1,521$975$116
35 years$4,955$3,334$2,184$1,400$883$97
36 years$4,765$3,164$2,043$1,290$800$82
37 years$4,585$3,005$1,912$1,188$725$68
38 years$4,415$2,856$1,791$1,095$657$57
39 years$4,254$2,716$1,678$1,010$596$48
40 years$4,101$2,584$1,573$931$541$41
41 years$3,957$2,460$1,475$859$490$34
42 years$3,819$2,342$1,383$793$445$29
43 years$3,689$2,232$1,298$732$404$24
44 years$3,564$2,127$1,218$676$367$20
45 years$3,446$2,029$1,144$624$333$17
46 years$3,333$1,935$1,074$577$302$14
47 years$3,225$1,847$1,009$533$274$12
48 years$3,122$1,763$949$492$249$10
49 years$3,023$1,684$892$455$226$8
50 years$2,929$1,608$838$421$206$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,000,000, adding $5,046 every year, while hoping to spend $50,466 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: 78/7/15 Blend
64$3,000,000$3,000,000$3,000,000$3,000,000
65$3,311,205$3,152,205$3,105,705$3,558,650
66$3,595,252$3,252,968$3,156,051$3,823,193
67$3,906,581$3,356,976$3,206,391$4,106,390
68$4,247,921$3,464,336$3,256,674$4,415,624
69$4,622,278$3,575,158$3,306,841$4,753,479
70$5,032,963$3,689,553$3,356,833$5,122,801
71$5,483,623$3,807,639$3,406,585$5,526,722
72$5,978,275$3,929,536$3,456,028$5,968,695
73$6,521,344$4,055,368$3,505,090$6,452,521
74$7,117,705$4,185,265$3,553,694$6,982,387
75$7,772,727$4,319,359$3,601,759$7,562,906
76$8,492,325$4,457,787$3,649,198$8,199,159
77$9,283,015$4,600,693$3,695,920$8,896,745
78$10,151,978$4,748,221$3,741,828$9,661,829
79$11,107,120$4,900,524$3,786,819$10,501,206
80$12,157,155$5,057,759$3,830,787$11,422,359
81$13,311,683$5,220,087$3,873,616$12,433,534
82$14,581,279$5,387,677$3,915,187$13,543,816
83$15,977,597$5,560,699$3,955,373$14,763,214
84$17,513,472$5,739,335$3,994,039$16,102,755
85$19,203,052$5,923,767$4,031,044$17,574,589
86$21,061,919$6,114,188$4,066,240$19,192,104
87$23,107,246$6,310,794$4,099,470$20,970,050
88$25,357,951$6,513,789$4,130,569$22,924,680
89$27,834,883$6,723,385$4,159,363$25,073,900
90$30,561,009$6,939,800$4,185,671$27,437,443
91$33,561,641$7,163,258$4,209,299$30,037,050
92$36,864,663$7,393,993$4,230,046$32,896,679
93$40,500,806$7,632,246$4,247,699$36,042,727
94$44,503,928$7,878,266$4,262,037$39,504,282
95$48,911,337$8,132,310$4,272,824$43,313,396
96$53,764,145$8,394,644$4,279,815$47,505,389
97$59,107,650$8,665,544$4,282,751$52,119,177
98$64,991,769$8,945,294$4,281,361$57,197,646
99$71,471,505$9,234,189$4,275,362$62,788,053
100$78,607,467$9,532,533$4,264,456$68,942,471