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%16.5%
1 years$223,789$221,796$219,851$217,953$216,099$210,363
2 years$110,787$108,723$106,724$104,785$102,904$97,165
3 years$73,124$71,052$69,057$67,137$65,287$59,725
4 years$54,297$52,231$50,256$48,368$46,563$41,220
5 years$43,003$40,950$39,001$37,151$35,397$30,288
6 years$35,476$33,438$31,518$29,710$28,008$23,139
7 years$30,102$28,081$26,192$24,426$22,778$18,148
8 years$26,074$24,071$22,213$20,491$18,897$14,504
9 years$22,942$20,958$19,132$17,454$15,914$11,754
10 years$20,438$18,474$16,680$15,045$13,559$9,627
11 years$18,391$16,446$14,684$13,094$11,661$7,952
12 years$16,686$14,761$13,032$11,485$10,106$6,611
13 years$15,244$13,340$11,643$10,140$8,812$5,525
14 years$14,010$12,125$10,462$9,001$7,725$4,638
15 years$12,941$11,077$9,445$8,027$6,801$3,907
16 years$12,006$10,163$8,564$7,187$6,011$3,301
17 years$11,183$9,359$7,793$6,458$5,330$2,796
18 years$10,451$8,649$7,114$5,820$4,739$2,373
19 years$9,798$8,015$6,512$5,259$4,224$2,017
20 years$9,210$7,448$5,977$4,763$3,773$1,718
21 years$8,680$6,938$5,497$4,322$3,376$1,464
22 years$8,198$6,476$5,067$3,930$3,026$1,249
23 years$7,758$6,057$4,678$3,579$2,717$1,067
24 years$7,356$5,675$4,326$3,264$2,442$912
25 years$6,987$5,326$4,007$2,981$2,197$780
26 years$6,646$5,005$3,716$2,726$1,979$667
27 years$6,332$4,711$3,451$2,495$1,784$571
28 years$6,040$4,439$3,208$2,286$1,610$489
29 years$5,769$4,187$2,985$2,096$1,454$419
30 years$5,516$3,955$2,781$1,924$1,314$359
31 years$5,281$3,738$2,593$1,767$1,188$308
32 years$5,060$3,537$2,419$1,624$1,074$264
33 years$4,853$3,350$2,259$1,493$972$226
34 years$4,659$3,175$2,110$1,374$880$194
35 years$4,476$3,011$1,973$1,265$797$166
36 years$4,304$2,858$1,846$1,165$722$143
37 years$4,142$2,715$1,727$1,073$655$122
38 years$3,988$2,580$1,618$989$594$105
39 years$3,843$2,453$1,516$912$538$90
40 years$3,705$2,334$1,421$841$488$77
41 years$3,574$2,222$1,332$776$443$66
42 years$3,450$2,116$1,250$716$402$57
43 years$3,332$2,016$1,172$661$365$49
44 years$3,220$1,922$1,101$611$331$42
45 years$3,113$1,833$1,033$564$301$36
46 years$3,011$1,748$971$521$273$31
47 years$2,913$1,668$912$481$248$27
48 years$2,820$1,593$857$445$225$23
49 years$2,731$1,521$805$411$204$20
50 years$2,646$1,453$757$380$186$17

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 $6,976 every year, while hoping to spend $51,580 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: 49/41/10 Blend
29$2,710,000$2,710,000$2,710,000$2,710,000
30$2,993,616$2,849,986$2,807,981$3,131,919
31$3,244,084$2,934,754$2,847,167$3,312,233
32$3,518,371$3,021,948$2,885,938$3,501,977
33$3,818,852$3,111,631$2,924,224$3,706,891
34$4,148,143$3,203,868$2,961,954$3,928,406
35$4,509,124$3,298,729$2,999,050$4,168,100
36$4,904,968$3,396,280$3,035,432$4,427,708
37$5,339,170$3,496,593$3,071,013$4,709,137
38$5,815,578$3,599,738$3,105,705$5,014,488
39$6,338,432$3,705,790$3,139,411$5,346,072
40$6,912,401$3,814,823$3,172,030$5,706,431
41$7,542,629$3,926,913$3,203,457$6,098,367
42$8,234,784$4,042,138$3,233,579$6,524,960
43$8,995,107$4,160,577$3,262,279$6,989,603
44$9,830,474$4,282,312$3,289,432$7,496,032
45$10,748,462$4,407,425$3,314,907$8,048,360
46$11,757,416$4,536,000$3,338,567$8,651,114
47$12,866,530$4,668,122$3,360,267$9,309,283
48$14,085,935$4,803,878$3,379,854$10,028,357
49$15,426,789$4,943,357$3,397,169$10,814,386
50$16,901,390$5,086,650$3,412,043$11,674,028
51$18,523,284$5,233,848$3,424,298$12,614,622
52$20,307,397$5,385,044$3,433,749$13,644,248
53$22,270,173$5,540,333$3,440,202$14,771,807
54$24,429,732$5,699,811$3,443,450$16,007,102
55$26,806,038$5,863,575$3,443,279$17,360,935
56$29,421,089$6,031,725$3,439,464$18,845,202
57$32,299,120$6,204,360$3,431,766$20,473,010
58$35,466,840$6,381,583$3,419,939$22,258,799
59$38,953,672$6,563,495$3,403,722$24,218,474
60$42,792,042$6,750,202$3,382,842$26,369,562
61$47,017,676$6,941,807$3,357,013$28,731,370
62$51,669,941$7,138,418$3,325,935$31,325,171
63$56,792,216$7,340,141$3,289,295$34,174,401
64$62,432,299$7,547,085$3,246,763$37,304,884
65$68,642,859$7,759,359$3,197,996$40,745,073
66$75,481,935$7,977,071$3,142,633$44,526,315
67$83,013,478$8,200,333$3,080,296$48,683,154
68$91,307,958$8,429,255$3,010,592$53,253,648
69$100,443,029$8,663,947$2,933,106$58,279,734
70$110,504,259$8,904,522$2,847,406$63,807,621
71$121,585,940$9,151,091$2,753,041$69,888,227
72$133,791,976$9,403,764$2,649,538$76,577,656
73$147,236,861$9,662,652$2,536,401$83,937,731
74$162,046,766$9,927,866$2,413,115$92,036,574
75$178,360,720$10,199,516$2,279,139$100,949,252
76$196,331,931$10,477,710$2,133,907$110,758,482
77$216,129,226$10,762,556$1,976,831$121,555,413
78$237,938,645$11,054,159$1,807,293$133,440,486
79$261,965,198$11,352,624$1,624,649$146,524,380
80$288,434,799$11,658,054$1,428,226$160,929,060
81$317,596,398$11,970,548$1,217,320$176,788,924
82$349,724,330$12,290,204$991,199$194,252,074
83$385,120,903$12,617,115$749,096$213,481,712
84$424,119,254$12,951,373$490,210$234,657,684
85$467,086,491$13,293,064$213,706$257,978,170
86$514,427,160$13,642,270$0$283,661,565
87$566,587,059$13,999,070$0$311,957,212
88$624,057,450$14,363,536$0$343,146,533
89$687,379,694$14,735,733$0$377,499,053
90$757,150,361$15,115,722$0$415,336,935
91$834,026,861$15,503,556$0$457,015,189
92$918,733,650$15,899,279$0$502,925,024
93$1,012,069,067$16,302,928$0$553,497,545
94$1,114,912,871$16,714,531$0$609,207,814
95$1,228,234,544$17,134,104$0$670,579,341
96$1,353,102,446$17,561,653$0$738,189,019
97$1,490,693,896$17,997,174$0$812,672,574
98$1,642,306,285$18,440,648$0$894,730,565
99$1,809,369,330$18,892,043$0$985,134,995
100$1,993,458,560$19,351,312$0$1,084,736,598