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%14.5%
1 years$223,789$221,796$219,851$217,953$216,099$212,083
2 years$110,787$108,723$106,724$104,785$102,904$98,873
3 years$73,124$71,052$69,057$67,137$65,287$61,366
4 years$54,297$52,231$50,256$48,368$46,563$42,783
5 years$43,003$40,950$39,001$37,151$35,397$31,768
6 years$35,476$33,438$31,518$29,710$28,008$24,535
7 years$30,102$28,081$26,192$24,426$22,778$19,462
8 years$26,074$24,071$22,213$20,491$18,897$15,736
9 years$22,942$20,958$19,132$17,454$15,914$12,907
10 years$20,438$18,474$16,680$15,045$13,559$10,704
11 years$18,391$16,446$14,684$13,094$11,661$8,953
12 years$16,686$14,761$13,032$11,485$10,106$7,542
13 years$15,244$13,340$11,643$10,140$8,812$6,388
14 years$14,010$12,125$10,462$9,001$7,725$5,436
15 years$12,941$11,077$9,445$8,027$6,801$4,644
16 years$12,006$10,163$8,564$7,187$6,011$3,980
17 years$11,183$9,359$7,793$6,458$5,330$3,420
18 years$10,451$8,649$7,114$5,820$4,739$2,945
19 years$9,798$8,015$6,512$5,259$4,224$2,541
20 years$9,210$7,448$5,977$4,763$3,773$2,196
21 years$8,680$6,938$5,497$4,322$3,376$1,901
22 years$8,198$6,476$5,067$3,930$3,026$1,647
23 years$7,758$6,057$4,678$3,579$2,717$1,429
24 years$7,356$5,675$4,326$3,264$2,442$1,241
25 years$6,987$5,326$4,007$2,981$2,197$1,078
26 years$6,646$5,005$3,716$2,726$1,979$938
27 years$6,332$4,711$3,451$2,495$1,784$816
28 years$6,040$4,439$3,208$2,286$1,610$710
29 years$5,769$4,187$2,985$2,096$1,454$618
30 years$5,516$3,955$2,781$1,924$1,314$539
31 years$5,281$3,738$2,593$1,767$1,188$469
32 years$5,060$3,537$2,419$1,624$1,074$409
33 years$4,853$3,350$2,259$1,493$972$357
34 years$4,659$3,175$2,110$1,374$880$311
35 years$4,476$3,011$1,973$1,265$797$271
36 years$4,304$2,858$1,846$1,165$722$237
37 years$4,142$2,715$1,727$1,073$655$207
38 years$3,988$2,580$1,618$989$594$180
39 years$3,843$2,453$1,516$912$538$157
40 years$3,705$2,334$1,421$841$488$137
41 years$3,574$2,222$1,332$776$443$120
42 years$3,450$2,116$1,250$716$402$105
43 years$3,332$2,016$1,172$661$365$91
44 years$3,220$1,922$1,101$611$331$80
45 years$3,113$1,833$1,033$564$301$70
46 years$3,011$1,748$971$521$273$61
47 years$2,913$1,668$912$481$248$53
48 years$2,820$1,593$857$445$225$46
49 years$2,731$1,521$805$411$204$40
50 years$2,646$1,453$757$380$186$35

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 $3,606 every year, while hoping to spend $29,001 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: 72/17/11 Blend
29$2,710,000$2,710,000$2,710,000$2,710,000
30$2,990,140$2,846,510$2,804,505$3,198,627
31$3,264,277$2,955,132$2,867,599$3,445,636
32$3,565,404$3,068,104$2,931,834$3,712,095
33$3,896,244$3,185,610$2,997,219$4,003,070
34$4,259,796$3,307,839$3,063,761$4,320,977
35$4,659,362$3,434,991$3,131,464$4,668,472
36$5,098,584$3,567,273$3,200,335$5,048,482
37$5,581,472$3,704,901$3,270,379$5,464,228
38$6,112,444$3,848,103$3,341,598$5,919,255
39$6,696,367$3,997,114$3,413,995$6,417,470
40$7,338,604$4,152,180$3,487,572$6,963,171
41$8,045,065$4,313,560$3,562,329$7,561,093
42$8,822,259$4,481,522$3,638,265$8,216,448
43$9,677,360$4,656,348$3,715,377$8,934,980
44$10,618,271$4,838,329$3,793,662$9,723,009
45$11,653,701$5,027,773$3,873,116$10,587,501
46$12,793,243$5,224,999$3,953,730$11,536,124
47$14,047,471$5,430,341$4,035,498$12,577,325
48$15,428,034$5,644,148$4,118,408$13,720,409
49$16,947,768$5,866,786$4,202,448$14,975,624
50$18,620,816$6,098,634$4,287,606$16,354,259
51$20,462,762$6,340,090$4,373,864$17,868,748
52$22,490,780$6,591,570$4,461,204$19,532,788
53$24,723,791$6,853,509$4,549,606$21,361,470
54$27,182,646$7,126,359$4,639,046$23,371,413
55$29,890,321$7,410,596$4,729,499$25,580,931
56$32,872,132$7,706,714$4,820,936$28,010,197
57$36,155,978$8,015,231$4,913,326$30,681,433
58$39,772,599$8,336,689$5,006,634$33,619,124
59$43,755,870$8,671,652$5,100,822$36,850,244
60$48,143,118$9,020,712$5,195,849$40,404,511
61$52,975,476$9,384,487$5,291,670$44,314,667
62$58,298,270$9,763,623$5,388,236$48,616,785
63$64,161,447$10,158,794$5,485,495$53,350,609
64$70,620,046$10,570,706$5,583,390$58,559,929
65$77,734,717$11,000,096$5,681,860$64,292,992
66$85,572,294$11,447,737$5,780,839$70,602,958
67$94,206,426$11,914,434$5,880,255$77,548,398
68$103,718,271$12,401,031$5,980,033$85,193,848
69$114,197,262$12,908,409$6,080,091$93,610,416
70$125,741,952$13,437,490$6,180,343$102,876,453
71$138,460,942$13,989,238$6,280,696$113,078,288
72$152,473,908$14,564,660$6,381,049$124,311,047
73$167,912,730$15,164,812$6,481,297$136,679,544
74$184,922,736$15,790,796$6,581,329$150,299,273
75$203,664,074$16,443,764$6,681,022$165,297,493
76$224,313,224$17,124,923$6,780,251$181,814,432
77$247,064,664$17,835,535$6,878,880$200,004,605
78$272,132,701$18,576,918$6,976,765$220,038,274
79$299,753,504$19,350,454$7,073,753$242,103,050
80$330,187,321$20,157,585$7,169,683$266,405,668
81$363,720,944$20,999,824$7,264,384$293,173,928
82$400,670,414$21,878,749$7,357,675$322,658,852
83$441,384,003$22,796,015$7,449,364$355,137,046
84$486,245,503$23,753,350$7,539,249$390,913,311
85$535,677,845$24,752,566$7,627,115$430,323,518
86$590,147,099$25,795,555$7,712,737$473,737,776
87$650,166,865$26,884,299$7,795,875$521,563,923
88$716,303,127$28,020,872$7,876,279$574,251,377
89$789,179,594$29,207,443$7,953,682$632,295,368
90$869,483,588$30,446,282$8,027,806$696,241,619
91$957,972,530$31,739,766$8,098,354$766,691,491
92$1,055,481,096$33,090,382$8,165,016$844,307,655
93$1,162,929,089$34,500,733$8,227,466$929,820,349
94$1,281,330,129$35,973,541$8,285,358$1,024,034,266
95$1,411,801,216$37,511,659$8,338,332$1,127,836,146
96$1,555,573,280$39,118,070$8,386,006$1,242,203,148
97$1,714,002,797$40,795,898$8,427,980$1,368,212,067
98$1,888,584,597$42,548,412$8,463,832$1,507,049,495
99$2,080,965,977$44,379,035$8,493,122$1,660,023,026
100$2,292,962,249$46,291,350$8,515,383$1,828,573,586