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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.3%
1 years$223,789$221,796$219,851$217,953$216,099$208,018
2 years$110,787$108,723$106,724$104,785$102,904$94,856
3 years$73,124$71,052$69,057$67,137$65,287$57,523
4 years$54,297$52,231$50,256$48,368$46,563$39,144
5 years$43,003$40,950$39,001$37,151$35,397$28,341
6 years$35,476$33,438$31,518$29,710$28,008$21,321
7 years$30,102$28,081$26,192$24,426$22,778$16,458
8 years$26,074$24,071$22,213$20,491$18,897$12,937
9 years$22,942$20,958$19,132$17,454$15,914$10,307
10 years$20,438$18,474$16,680$15,045$13,559$8,295
11 years$18,391$16,446$14,684$13,094$11,661$6,728
12 years$16,686$14,761$13,032$11,485$10,106$5,491
13 years$15,244$13,340$11,643$10,140$8,812$4,503
14 years$14,010$12,125$10,462$9,001$7,725$3,707
15 years$12,941$11,077$9,445$8,027$6,801$3,062
16 years$12,006$10,163$8,564$7,187$6,011$2,535
17 years$11,183$9,359$7,793$6,458$5,330$2,104
18 years$10,451$8,649$7,114$5,820$4,739$1,748
19 years$9,798$8,015$6,512$5,259$4,224$1,455
20 years$9,210$7,448$5,977$4,763$3,773$1,213
21 years$8,680$6,938$5,497$4,322$3,376$1,012
22 years$8,198$6,476$5,067$3,930$3,026$845
23 years$7,758$6,057$4,678$3,579$2,717$705
24 years$7,356$5,675$4,326$3,264$2,442$590
25 years$6,987$5,326$4,007$2,981$2,197$493
26 years$6,646$5,005$3,716$2,726$1,979$413
27 years$6,332$4,711$3,451$2,495$1,784$345
28 years$6,040$4,439$3,208$2,286$1,610$289
29 years$5,769$4,187$2,985$2,096$1,454$242
30 years$5,516$3,955$2,781$1,924$1,314$203
31 years$5,281$3,738$2,593$1,767$1,188$170
32 years$5,060$3,537$2,419$1,624$1,074$142
33 years$4,853$3,350$2,259$1,493$972$119
34 years$4,659$3,175$2,110$1,374$880$100
35 years$4,476$3,011$1,973$1,265$797$84
36 years$4,304$2,858$1,846$1,165$722$70
37 years$4,142$2,715$1,727$1,073$655$59
38 years$3,988$2,580$1,618$989$594$49
39 years$3,843$2,453$1,516$912$538$41
40 years$3,705$2,334$1,421$841$488$35
41 years$3,574$2,222$1,332$776$443$29
42 years$3,450$2,116$1,250$716$402$24
43 years$3,332$2,016$1,172$661$365$20
44 years$3,220$1,922$1,101$611$331$17
45 years$3,113$1,833$1,033$564$301$14
46 years$3,011$1,748$971$521$273$12
47 years$2,913$1,668$912$481$248$10
48 years$2,820$1,593$857$445$225$8
49 years$2,731$1,521$805$411$204$7
50 years$2,646$1,453$757$380$186$6

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 $2,238 every year, while hoping to spend $59,111 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: 59/18/23 Blend
29$2,710,000$2,710,000$2,710,000$2,710,000
30$2,988,728$2,845,098$2,803,093$3,146,555
31$3,230,685$2,921,615$2,834,103$3,330,691
32$3,495,340$2,999,899$2,864,171$3,524,845
33$3,784,947$3,079,976$2,893,203$3,735,319
34$4,101,985$3,161,868$2,921,099$3,963,707
35$4,449,187$3,245,599$2,947,755$4,211,764
36$4,829,560$3,331,190$2,973,061$4,481,424
37$5,246,419$3,418,662$2,996,902$4,774,818
38$5,703,410$3,508,033$3,019,155$5,094,292
39$6,204,553$3,599,322$3,039,692$5,442,433
40$6,754,274$3,692,545$3,058,378$5,822,089
41$7,357,447$3,787,716$3,075,070$6,236,399
42$8,019,442$3,884,850$3,089,621$6,688,822
43$8,746,174$3,983,957$3,101,872$7,183,168
44$9,544,159$4,085,045$3,111,659$7,723,636
45$10,420,572$4,188,122$3,118,810$8,314,853
46$11,383,322$4,293,191$3,123,141$8,961,917
47$12,441,118$4,400,254$3,124,463$9,670,446
48$13,603,554$4,509,309$3,122,575$10,446,632
49$14,881,203$4,620,352$3,117,267$11,297,296
50$16,285,709$4,733,373$3,108,320$12,229,957
51$17,829,904$4,848,360$3,095,501$13,252,901
52$19,527,922$4,965,298$3,078,568$14,375,256
53$21,395,339$5,084,167$3,057,269$15,607,087
54$23,449,313$5,204,940$3,031,337$16,959,480
55$25,708,749$5,327,588$3,000,492$18,444,657
56$28,194,477$5,452,075$2,964,445$20,076,084
57$30,929,447$5,578,361$2,922,887$21,868,604
58$33,938,947$5,706,397$2,875,500$23,838,573
59$37,250,839$5,836,130$2,821,949$26,004,017
60$40,895,823$5,967,498$2,761,883$28,384,801
61$44,907,725$6,100,434$2,694,934$31,002,820
62$49,323,818$6,234,860$2,620,719$33,882,202
63$54,185,171$6,370,692$2,538,837$37,049,538
64$59,537,037$6,507,834$2,448,866$40,534,133
65$65,429,280$6,646,183$2,350,368$44,368,284
66$71,916,845$6,785,625$2,242,884$48,587,585
67$79,060,276$6,926,033$2,125,933$53,231,263
68$86,926,286$7,067,270$1,999,014$58,342,548
69$95,588,387$7,209,187$1,861,601$63,969,085
70$105,127,585$7,351,619$1,713,147$70,163,380
71$115,633,140$7,494,390$1,553,079$76,983,301
72$127,203,412$7,637,307$1,380,799$84,492,619
73$139,946,786$7,780,161$1,195,682$92,761,619
74$153,982,696$7,922,727$997,075$101,867,755
75$169,442,751$8,064,761$784,297$111,896,391
76$186,471,977$8,205,999$556,636$122,941,600
77$205,230,185$8,346,159$313,350$135,107,060
78$225,893,479$8,484,936$53,662$148,507,028
79$248,655,919$8,622,003$0$163,267,425
80$273,731,348$8,757,007$0$179,581,862
81$301,355,416$8,889,570$0$197,566,051
82$331,787,798$9,019,288$0$217,375,567
83$365,314,647$9,145,728$0$239,196,377
84$402,251,298$9,268,425$0$263,233,416
85$442,945,235$9,386,882$0$289,712,517
86$487,779,379$9,500,570$0$318,882,545
87$537,175,698$9,608,921$0$351,017,746
88$591,599,191$9,711,329$0$386,420,338
89$651,562,275$9,807,151$0$425,423,361
90$717,629,622$9,895,696$0$468,393,820
91$790,423,490$9,976,232$0$515,736,156
92$870,629,596$10,047,977$0$567,896,058
93$959,003,586$10,110,100$0$625,364,674
94$1,056,378,172$10,161,714$0$688,683,246
95$1,163,670,985$10,201,878$0$758,448,221
96$1,281,893,247$10,229,591$0$835,316,882
97$1,412,159,305$10,243,788$0$920,013,553
98$1,555,697,159$10,243,339$0$1,013,336,440
99$1,713,860,049$10,227,042$0$1,116,165,163
100$1,888,139,229$10,193,623$0$1,229,469,062