Can I retire at age 30 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$223,789$221,796$219,851$217,953$216,099$214,110
2 years$110,787$108,723$106,724$104,785$102,904$100,900
3 years$73,124$71,052$69,057$67,137$65,287$63,330
4 years$54,297$52,231$50,256$48,368$46,563$44,668
5 years$43,003$40,950$39,001$37,151$35,397$33,569
6 years$35,476$33,438$31,518$29,710$28,008$26,251
7 years$30,102$28,081$26,192$24,426$22,778$21,092
8 years$26,074$24,071$22,213$20,491$18,897$17,281
9 years$22,942$20,958$19,132$17,454$15,914$14,368
10 years$20,438$18,474$16,680$15,045$13,559$12,083
11 years$18,391$16,446$14,684$13,094$11,661$10,254
12 years$16,686$14,761$13,032$11,485$10,106$8,765
13 years$15,244$13,340$11,643$10,140$8,812$7,537
14 years$14,010$12,125$10,462$9,001$7,725$6,513
15 years$12,941$11,077$9,445$8,027$6,801$5,652
16 years$12,006$10,163$8,564$7,187$6,011$4,921
17 years$11,183$9,359$7,793$6,458$5,330$4,298
18 years$10,451$8,649$7,114$5,820$4,739$3,763
19 years$9,798$8,015$6,512$5,259$4,224$3,302
20 years$9,210$7,448$5,977$4,763$3,773$2,903
21 years$8,680$6,938$5,497$4,322$3,376$2,557
22 years$8,198$6,476$5,067$3,930$3,026$2,255
23 years$7,758$6,057$4,678$3,579$2,717$1,991
24 years$7,356$5,675$4,326$3,264$2,442$1,760
25 years$6,987$5,326$4,007$2,981$2,197$1,557
26 years$6,646$5,005$3,716$2,726$1,979$1,379
27 years$6,332$4,711$3,451$2,495$1,784$1,222
28 years$6,040$4,439$3,208$2,286$1,610$1,084
29 years$5,769$4,187$2,985$2,096$1,454$961
30 years$5,516$3,955$2,781$1,924$1,314$853
31 years$5,281$3,738$2,593$1,767$1,188$758
32 years$5,060$3,537$2,419$1,624$1,074$673
33 years$4,853$3,350$2,259$1,493$972$599
34 years$4,659$3,175$2,110$1,374$880$532
35 years$4,476$3,011$1,973$1,265$797$473
36 years$4,304$2,858$1,846$1,165$722$421
37 years$4,142$2,715$1,727$1,073$655$374
38 years$3,988$2,580$1,618$989$594$333
39 years$3,843$2,453$1,516$912$538$297
40 years$3,705$2,334$1,421$841$488$264
41 years$3,574$2,222$1,332$776$443$235
42 years$3,450$2,116$1,250$716$402$209
43 years$3,332$2,016$1,172$661$365$186
44 years$3,220$1,922$1,101$611$331$166
45 years$3,113$1,833$1,033$564$301$148
46 years$3,011$1,748$971$521$273$132
47 years$2,913$1,668$912$481$248$117
48 years$2,820$1,593$857$445$225$104
49 years$2,731$1,521$805$411$204$93
50 years$2,646$1,453$757$380$186$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,710,000, adding $2,542 every year, while hoping to spend $49,786 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: 64/27/9 Blend
29$2,710,000$2,710,000$2,710,000$2,710,000
30$2,989,042$2,845,412$2,803,407$3,174,563
31$3,240,952$2,931,865$2,844,349$3,385,057
32$3,516,889$3,020,886$2,884,994$3,608,799
33$3,819,250$3,112,548$2,925,280$3,851,897
34$4,150,676$3,206,926$2,965,140$4,116,229
35$4,514,077$3,304,097$3,004,504$4,403,860
36$4,912,655$3,404,140$3,043,297$4,717,067
37$5,349,940$3,507,137$3,081,442$5,058,354
38$5,829,818$3,613,171$3,118,854$5,430,479
39$6,356,571$3,722,327$3,155,447$5,836,476
40$6,934,914$3,834,694$3,191,127$6,279,688
41$7,570,041$3,950,360$3,225,796$6,763,796
42$8,267,677$4,069,419$3,259,351$7,292,852
43$9,034,124$4,191,965$3,291,684$7,871,319
44$9,876,328$4,318,094$3,322,678$8,504,113
45$10,801,940$4,447,907$3,352,214$9,196,646
46$11,819,388$4,581,505$3,380,164$9,954,880
47$12,937,958$4,718,992$3,406,392$10,785,382
48$14,167,882$4,860,475$3,430,759$11,695,385
49$15,520,432$5,006,063$3,453,115$12,692,856
50$17,008,025$5,155,870$3,473,303$13,786,571
51$18,644,345$5,310,009$3,491,160$14,986,198
52$20,444,467$5,468,598$3,506,513$16,302,386
53$22,425,001$5,631,757$3,519,179$17,746,868
54$24,604,248$5,799,610$3,528,969$19,332,568
55$27,002,373$5,972,283$3,535,681$21,073,725
56$29,641,594$6,149,904$3,539,105$22,986,028
57$32,546,393$6,332,605$3,539,021$25,086,758
58$35,743,743$6,520,521$3,535,197$27,394,958
59$39,263,369$6,713,791$3,527,390$29,931,607
60$43,138,020$6,912,554$3,515,345$32,719,821
61$47,403,783$7,116,954$3,498,794$35,785,066
62$52,100,424$7,327,140$3,477,459$39,155,403
63$57,271,758$7,543,260$3,451,044$42,861,752
64$62,966,066$7,765,469$3,419,243$46,938,179
65$69,236,550$7,993,922$3,381,733$51,422,221
66$76,141,834$8,228,780$3,338,177$56,355,237
67$83,746,516$8,470,205$3,288,221$61,782,802
68$92,121,779$8,718,364$3,231,495$67,755,133
69$101,346,063$8,973,426$3,167,612$74,327,564
70$111,505,801$9,235,564$3,096,167$81,561,065
71$122,696,239$9,504,953$3,016,735$89,522,825
72$135,022,333$9,781,773$2,928,873$98,286,873
73$148,599,737$10,066,206$2,832,116$107,934,790
74$163,555,898$10,358,438$2,725,980$118,556,468
75$180,031,255$10,658,657$2,609,956$130,250,964
76$198,180,568$10,967,055$2,483,514$143,127,430
77$218,174,373$11,283,828$2,346,099$157,306,148
78$240,200,597$11,609,174$2,197,131$172,919,662
79$264,466,328$11,943,294$2,036,005$190,114,026
80$291,199,769$12,286,391$1,862,087$209,050,189
81$320,652,394$12,638,673$1,674,716$229,905,507
82$353,101,320$13,000,350$1,473,201$252,875,420
83$388,851,922$13,371,634$1,256,820$278,175,298
84$428,240,714$13,752,740$1,024,820$306,042,469
85$471,638,529$14,143,886$776,413$336,738,463
86$519,454,015$14,545,292$510,779$370,551,477
87$572,137,493$14,957,180$227,059$407,799,099
88$630,185,210$15,379,775$0$448,831,301
89$694,144,020$15,813,302$0$494,041,018
90$764,616,545$16,257,989$0$543,869,714
91$842,266,868$16,714,066$0$598,763,989
92$927,826,796$17,181,763$0$659,240,037
93$1,022,102,771$17,661,311$0$725,866,692
94$1,125,983,481$18,152,943$0$799,270,793
95$1,240,448,250$18,656,891$0$880,143,103
96$1,366,576,281$19,173,387$0$969,244,828
97$1,505,556,843$19,702,665$0$1,067,414,803
98$1,658,700,501$20,244,955$0$1,175,577,406
99$1,827,451,483$20,800,489$0$1,294,751,289
100$2,013,401,316$21,369,495$0$1,426,058,989