Can I retire at age 66 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%16.4%
1 years$247,737$245,530$243,378$241,276$239,224$232,969
2 years$122,642$120,358$118,144$115,998$113,916$107,656
3 years$80,949$78,655$76,447$74,321$72,273$66,205
4 years$60,107$57,820$55,634$53,544$51,546$45,716
5 years$47,605$45,332$43,174$41,127$39,184$33,609
6 years$39,273$37,017$34,891$32,890$31,005$25,690
7 years$33,324$31,087$28,995$27,040$25,216$20,160
8 years$28,864$26,647$24,590$22,684$20,919$16,121
9 years$25,397$23,201$21,179$19,321$17,617$13,073
10 years$22,625$20,450$18,465$16,655$15,010$10,714
11 years$20,359$18,206$16,256$14,495$12,909$8,855
12 years$18,471$16,341$14,427$12,714$11,187$7,367
13 years$16,875$14,767$12,889$11,225$9,755$6,161
14 years$15,509$13,423$11,581$9,964$8,551$5,176
15 years$14,326$12,262$10,456$8,886$7,529$4,363
16 years$13,291$11,250$9,480$7,957$6,654$3,689
17 years$12,379$10,361$8,626$7,149$5,900$3,127
18 years$11,570$9,574$7,875$6,443$5,246$2,656
19 years$10,846$8,873$7,209$5,821$4,676$2,259
20 years$10,196$8,245$6,616$5,272$4,177$1,925
21 years$9,608$7,680$6,086$4,785$3,738$1,642
22 years$9,075$7,169$5,609$4,351$3,350$1,402
23 years$8,589$6,705$5,179$3,962$3,007$1,198
24 years$8,143$6,282$4,789$3,614$2,703$1,025
25 years$7,734$5,896$4,436$3,300$2,432$877
26 years$7,358$5,541$4,114$3,018$2,191$751
27 years$7,009$5,215$3,820$2,762$1,975$644
28 years$6,686$4,914$3,551$2,531$1,782$552
29 years$6,386$4,636$3,305$2,321$1,610$473
30 years$6,107$4,378$3,078$2,130$1,454$406
31 years$5,846$4,139$2,870$1,956$1,315$348
32 years$5,601$3,916$2,678$1,798$1,189$299
33 years$5,373$3,708$2,500$1,653$1,076$256
34 years$5,158$3,515$2,336$1,521$975$220
35 years$4,955$3,334$2,184$1,400$883$189
36 years$4,765$3,164$2,043$1,290$800$162
37 years$4,585$3,005$1,912$1,188$725$139
38 years$4,415$2,856$1,791$1,095$657$119
39 years$4,254$2,716$1,678$1,010$596$103
40 years$4,101$2,584$1,573$931$541$88
41 years$3,957$2,460$1,475$859$490$76
42 years$3,819$2,342$1,383$793$445$65
43 years$3,689$2,232$1,298$732$404$56
44 years$3,564$2,127$1,218$676$367$48
45 years$3,446$2,029$1,144$624$333$41
46 years$3,333$1,935$1,074$577$302$35
47 years$3,225$1,847$1,009$533$274$30
48 years$3,122$1,763$949$492$249$26
49 years$3,023$1,684$892$455$226$22
50 years$2,929$1,608$838$421$206$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $3,000,000, adding $6,813 every year, while hoping to spend $28,780 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: 67/5/28 Blend
65$3,000,000$3,000,000$3,000,000$3,000,000
66$3,313,028$3,154,028$3,107,528$3,510,262
67$3,620,335$3,277,953$3,181,008$3,767,942
68$3,958,023$3,406,987$3,255,986$4,045,812
69$4,329,160$3,541,348$3,332,480$4,349,100
70$4,737,126$3,681,266$3,410,510$4,680,320
71$5,185,647$3,826,982$3,490,096$5,042,239
72$5,678,825$3,978,746$3,571,256$5,437,906
73$6,221,180$4,136,820$3,654,009$5,870,677
74$6,817,694$4,301,478$3,738,372$6,344,249
75$7,473,854$4,473,005$3,824,362$6,862,695
76$8,195,706$4,651,702$3,911,997$7,430,499
77$8,989,912$4,837,879$4,001,293$8,052,600
78$9,863,812$5,031,863$4,092,265$8,734,441
79$10,825,492$5,233,996$4,184,927$9,482,013
80$11,883,865$5,444,634$4,279,294$10,301,920
81$13,048,747$5,664,150$4,375,379$11,201,434
82$14,330,959$5,892,933$4,473,194$12,188,567
83$15,742,420$6,131,390$4,572,750$13,272,145
84$17,296,267$6,379,947$4,674,056$14,461,891
85$19,006,971$6,639,050$4,777,122$15,768,519
86$20,890,481$6,909,162$4,881,955$17,203,829
87$22,964,371$7,190,772$4,988,561$18,780,824
88$25,248,003$7,484,386$5,096,945$20,513,829
89$27,762,717$7,790,538$5,207,109$22,418,628
90$30,532,022$8,109,783$5,319,055$24,512,609
91$33,581,828$8,442,702$5,432,784$26,814,933
92$36,940,684$8,789,904$5,548,291$29,346,710
93$40,640,049$9,152,024$5,665,574$32,131,200
94$44,714,588$9,529,728$5,784,625$35,194,030
95$49,202,502$9,923,711$5,905,436$38,563,440
96$54,145,885$10,334,700$6,027,996$42,270,544
97$59,591,122$10,763,457$6,152,290$46,349,626
98$65,589,327$11,210,777$6,278,302$50,838,465
99$72,196,826$11,677,492$6,406,013$55,778,684
100$79,475,687$12,164,475$6,535,400$61,216,151