Can I retire at age 30 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$224,615$222,614$220,662$218,757$216,897$209,618
2 years$111,196$109,125$107,118$105,172$103,284$96,023
3 years$73,394$71,314$69,312$67,384$65,528$58,512
4 years$54,497$52,423$50,442$48,547$46,735$40,018
5 years$43,162$41,101$39,145$37,289$35,527$29,127
6 years$35,607$33,562$31,635$29,820$28,111$22,033
7 years$30,213$28,185$26,289$24,517$22,862$17,105
8 years$26,170$24,160$22,295$20,566$18,966$13,526
9 years$23,027$21,035$19,203$17,518$15,972$10,842
10 years$20,513$18,542$16,741$15,101$13,609$8,781
11 years$18,458$16,507$14,739$13,142$11,704$7,169
12 years$16,747$14,815$13,080$11,527$10,143$5,890
13 years$15,300$13,389$11,686$10,177$8,845$4,863
14 years$14,061$12,170$10,500$9,034$7,753$4,032
15 years$12,988$11,118$9,480$8,057$6,827$3,354
16 years$12,051$10,200$8,595$7,214$6,033$2,797
17 years$11,224$9,394$7,821$6,482$5,350$2,338
18 years$10,490$8,680$7,140$5,841$4,757$1,958
19 years$9,834$8,045$6,536$5,278$4,240$1,642
20 years$9,244$7,476$5,999$4,780$3,787$1,379
21 years$8,712$6,963$5,518$4,338$3,389$1,159
22 years$8,228$6,500$5,085$3,945$3,038$975
23 years$7,787$6,079$4,695$3,592$2,727$821
24 years$7,383$5,696$4,342$3,277$2,451$692
25 years$7,013$5,345$4,022$2,992$2,205$583
26 years$6,671$5,024$3,730$2,736$1,987$492
27 years$6,355$4,728$3,464$2,504$1,791$415
28 years$6,062$4,455$3,220$2,295$1,616$350
29 years$5,790$4,203$2,997$2,104$1,459$296
30 years$5,537$3,969$2,791$1,931$1,319$250
31 years$5,300$3,752$2,602$1,774$1,192$211
32 years$5,079$3,550$2,428$1,630$1,078$178
33 years$4,871$3,362$2,267$1,499$976$150
34 years$4,676$3,187$2,118$1,379$884$127
35 years$4,493$3,023$1,980$1,270$800$107
36 years$4,320$2,869$1,852$1,169$725$91
37 years$4,157$2,725$1,734$1,077$657$77
38 years$4,003$2,589$1,624$993$596$65
39 years$3,857$2,462$1,521$916$540$55
40 years$3,719$2,343$1,426$844$490$46
41 years$3,588$2,230$1,337$779$445$39
42 years$3,463$2,124$1,254$719$403$33
43 years$3,345$2,024$1,177$664$366$28
44 years$3,232$1,929$1,105$613$332$24
45 years$3,124$1,839$1,037$566$302$20
46 years$3,022$1,755$974$523$274$17
47 years$2,924$1,674$915$483$249$14
48 years$2,831$1,599$860$446$226$12
49 years$2,741$1,526$808$412$205$10
50 years$2,656$1,458$760$381$186$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,720,000, adding $5,133 every year, while hoping to spend $27,907 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: 51/31/18 Blend
29$2,720,000$2,720,000$2,720,000$2,720,000
30$3,002,735$2,858,575$2,816,415$3,140,727
31$3,279,321$2,968,952$2,881,072$3,346,658
32$3,583,183$3,083,803$2,946,959$3,567,109
33$3,917,075$3,203,316$3,014,090$3,806,186
34$4,284,029$3,327,690$3,082,474$4,065,661
35$4,687,385$3,457,132$3,152,122$4,347,480
36$5,130,825$3,591,858$3,223,044$4,653,785
37$5,618,403$3,732,094$3,295,251$4,986,929
38$6,154,588$3,878,074$3,368,749$5,349,503
39$6,744,301$4,030,045$3,443,548$5,744,353
40$7,392,967$4,188,264$3,519,654$6,174,613
41$8,106,560$4,353,000$3,597,072$6,643,730
42$8,891,664$4,524,531$3,675,809$7,155,495
43$9,755,533$4,703,153$3,755,868$7,714,082
44$10,706,160$4,889,170$3,837,252$8,324,084
45$11,752,351$5,082,901$3,919,962$8,990,552
46$12,903,809$5,284,682$4,004,000$9,719,051
47$14,171,227$5,494,861$4,089,363$10,515,703
48$15,566,385$5,713,802$4,176,050$11,387,246
49$17,102,264$5,941,887$4,264,056$12,341,100
50$18,793,169$6,179,513$4,353,375$13,385,431
51$20,654,860$6,427,097$4,444,001$14,529,233
52$22,704,704$6,685,073$4,535,923$15,782,406
53$24,961,838$6,953,896$4,629,131$17,155,850
54$27,447,350$7,234,041$4,723,611$18,661,569
55$30,184,475$7,526,004$4,819,347$20,312,781
56$33,198,817$7,830,304$4,916,322$22,124,042
57$36,518,592$8,147,485$5,014,514$24,111,381
58$40,174,889$8,478,112$5,113,901$26,292,452
59$44,201,968$8,822,779$5,214,456$28,686,697
60$48,637,579$9,182,106$5,316,151$31,315,530
61$53,523,323$9,556,741$5,418,954$34,202,537
62$58,905,042$9,947,361$5,522,829$37,373,694
63$64,833,250$10,354,675$5,627,737$40,857,615
64$71,363,612$10,779,425$5,733,636$44,685,819
65$78,557,468$11,222,384$5,840,481$48,893,022
66$86,482,412$11,684,363$5,948,219$53,517,470
67$95,212,932$12,166,210$6,056,798$58,601,290
68$104,831,107$12,668,811$6,166,157$64,190,891
69$115,427,390$13,193,093$6,276,233$70,337,398
70$127,101,454$13,740,025$6,386,958$77,097,133
71$139,963,138$14,310,622$6,498,256$84,532,144
72$154,133,480$14,905,944$6,610,049$92,710,786
73$169,745,860$15,527,100$6,722,252$101,708,367
74$186,947,263$16,175,253$6,834,772$111,607,856
75$205,899,659$16,851,616$6,947,512$122,500,661
76$226,781,539$17,557,459$7,060,368$134,487,491
77$249,789,593$18,294,113$7,173,228$147,679,303
78$275,140,575$19,062,967$7,285,974$162,198,344
79$303,073,338$19,865,477$7,398,479$178,179,307
80$333,851,098$20,703,165$7,510,608$195,770,595
81$367,763,915$21,577,625$7,622,218$215,135,718
82$405,131,429$22,490,524$7,733,157$236,454,835
83$446,305,881$23,443,606$7,843,264$259,926,449
84$491,675,435$24,438,696$7,952,368$285,769,280
85$541,667,844$25,477,707$8,060,286$314,224,320
86$596,754,486$26,562,636$8,166,828$345,557,108
87$657,454,816$27,695,578$8,271,789$380,060,232
88$724,341,268$28,878,722$8,374,954$418,056,083
89$798,044,659$30,114,361$8,476,097$459,899,897
90$879,260,144$31,404,895$8,574,976$505,983,101
91$968,753,779$32,752,835$8,671,338$556,737,003
92$1,067,369,751$34,160,810$8,764,915$612,636,860
93$1,176,038,349$35,631,574$8,855,423$674,206,355
94$1,295,784,747$37,168,007$8,942,566$742,022,538
95$1,427,738,677$38,773,126$9,026,028$816,721,264
96$1,573,145,101$40,450,087$9,105,479$899,003,193
97$1,733,375,958$42,202,198$9,180,569$989,640,391
98$1,909,943,119$44,032,919$9,250,931$1,089,483,619
99$2,104,512,659$45,945,874$9,316,179$1,199,470,351
100$2,318,920,586$47,944,858$9,375,907$1,320,633,619