M3 Gate (or M2 Source) would be at Vt + Vsat,M3.
For M2 to be in saturation, minimum voltage at drain would be M2,Source + Vsat, giving us the minimum Vdd as Vt + Vsat,M3 + Vsat,M2
Or simply Vt + 2*Vsat.
This is unless we deliberately size M3 small, such that Vsat,M3 = Vt. But why would we do this?