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

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$224,615$222,614$220,662$218,757$216,897$214,009
2 years$111,196$109,125$107,118$105,172$103,284$100,379
3 years$73,394$71,314$69,312$67,384$65,528$62,696
4 years$54,497$52,423$50,442$48,547$46,735$43,999
5 years$43,162$41,101$39,145$37,289$35,527$32,894
6 years$35,607$33,562$31,635$29,820$28,111$25,584
7 years$30,213$28,185$26,289$24,517$22,862$20,442
8 years$26,170$24,160$22,295$20,566$18,966$16,653
9 years$23,027$21,035$19,203$17,518$15,972$13,765
10 years$20,513$18,542$16,741$15,101$13,609$11,506
11 years$18,458$16,507$14,739$13,142$11,704$9,704
12 years$16,747$14,815$13,080$11,527$10,143$8,242
13 years$15,300$13,389$11,686$10,177$8,845$7,041
14 years$14,061$12,170$10,500$9,034$7,753$6,045
15 years$12,988$11,118$9,480$8,057$6,827$5,210
16 years$12,051$10,200$8,595$7,214$6,033$4,505
17 years$11,224$9,394$7,821$6,482$5,350$3,907
18 years$10,490$8,680$7,140$5,841$4,757$3,397
19 years$9,834$8,045$6,536$5,278$4,240$2,959
20 years$9,244$7,476$5,999$4,780$3,787$2,583
21 years$8,712$6,963$5,518$4,338$3,389$2,257
22 years$8,228$6,500$5,085$3,945$3,038$1,976
23 years$7,787$6,079$4,695$3,592$2,727$1,731
24 years$7,383$5,696$4,342$3,277$2,451$1,519
25 years$7,013$5,345$4,022$2,992$2,205$1,333
26 years$6,671$5,024$3,730$2,736$1,987$1,171
27 years$6,355$4,728$3,464$2,504$1,791$1,030
28 years$6,062$4,455$3,220$2,295$1,616$906
29 years$5,790$4,203$2,997$2,104$1,459$797
30 years$5,537$3,969$2,791$1,931$1,319$702
31 years$5,300$3,752$2,602$1,774$1,192$618
32 years$5,079$3,550$2,428$1,630$1,078$545
33 years$4,871$3,362$2,267$1,499$976$480
34 years$4,676$3,187$2,118$1,379$884$423
35 years$4,493$3,023$1,980$1,270$800$373
36 years$4,320$2,869$1,852$1,169$725$329
37 years$4,157$2,725$1,734$1,077$657$290
38 years$4,003$2,589$1,624$993$596$256
39 years$3,857$2,462$1,521$916$540$226
40 years$3,719$2,343$1,426$844$490$200
41 years$3,588$2,230$1,337$779$445$176
42 years$3,463$2,124$1,254$719$403$156
43 years$3,345$2,024$1,177$664$366$137
44 years$3,232$1,929$1,105$613$332$121
45 years$3,124$1,839$1,037$566$302$107
46 years$3,022$1,755$974$523$274$95
47 years$2,924$1,674$915$483$249$83
48 years$2,831$1,599$860$446$226$74
49 years$2,741$1,526$808$412$205$65
50 years$2,656$1,458$760$381$186$57

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 $6,922 every year, while hoping to spend $56,023 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: 37/40/23 Blend
29$2,720,000$2,720,000$2,720,000$2,720,000
30$3,004,580$2,860,420$2,818,260$3,094,770
31$3,251,439$2,940,973$2,853,064$3,241,839
32$3,521,600$3,023,595$2,887,156$3,394,888
33$3,817,381$3,108,328$2,920,453$3,559,085
34$4,141,334$3,195,216$2,952,868$3,735,467
35$4,496,269$3,284,301$2,984,308$3,925,175
36$4,885,281$3,375,625$3,014,675$4,129,468
37$5,311,781$3,469,231$3,043,868$4,349,727
38$5,779,521$3,565,162$3,071,776$4,587,478
39$6,292,639$3,663,461$3,098,287$4,844,396
40$6,855,687$3,764,171$3,123,279$5,122,329
41$7,473,685$3,867,332$3,146,627$5,423,309
42$8,152,158$3,972,989$3,168,196$5,749,576
43$8,897,194$4,081,181$3,187,846$6,103,598
44$9,715,500$4,191,951$3,205,431$6,488,090
45$10,614,462$4,305,338$3,220,795$6,906,045
46$11,602,221$4,421,383$3,233,774$7,360,760
47$12,687,740$4,540,124$3,244,199$7,855,866
48$13,880,899$4,661,599$3,251,889$8,395,364
49$15,192,579$4,785,846$3,256,655$8,983,662
50$16,634,769$4,912,899$3,258,300$9,625,616
51$18,220,677$5,042,792$3,256,615$10,326,577
52$19,964,856$5,175,560$3,251,381$11,092,441
53$21,883,340$5,311,231$3,242,372$11,929,705
54$23,993,795$5,449,836$3,229,345$12,845,525
55$26,315,685$5,591,400$3,212,051$13,847,791
56$28,870,455$5,735,948$3,190,224$14,945,194
57$31,681,734$5,883,503$3,163,590$16,147,313
58$34,775,558$6,034,081$3,131,857$17,464,702
59$38,180,614$6,187,701$3,094,724$18,908,994
60$41,928,511$6,344,373$3,051,872$20,493,006
61$46,054,079$6,504,106$3,002,968$22,230,865
62$50,595,693$6,666,906$2,947,666$24,138,137
63$55,595,641$6,832,771$2,885,600$26,231,979
64$61,100,518$7,001,699$2,816,390$28,531,297
65$67,161,667$7,173,679$2,739,635$31,056,928
66$73,835,664$7,348,696$2,654,920$33,831,834
67$81,184,849$7,526,729$2,561,807$36,881,322
68$89,277,916$7,707,751$2,459,840$40,233,281
69$98,190,561$7,891,729$2,348,542$43,918,448
70$108,006,194$8,078,619$2,227,414$47,970,698
71$118,816,728$8,268,373$2,095,934$52,427,362
72$130,723,444$8,460,933$1,953,558$57,329,583
73$143,837,948$8,656,232$1,799,715$62,722,705
74$158,283,225$8,854,193$1,633,811$68,656,699
75$174,194,794$9,054,729$1,455,224$75,186,640
76$191,721,994$9,257,742$1,263,305$82,373,222
77$211,029,387$9,463,121$1,057,376$90,283,339
78$232,298,315$9,670,744$836,728$98,990,709
79$255,728,606$9,880,474$600,622$108,576,580
80$281,540,468$10,092,161$348,286$119,130,492
81$309,976,557$10,305,638$78,915$130,751,125
82$341,304,274$10,520,722$0$143,547,234
83$375,818,286$10,737,214$0$157,689,854
84$413,843,309$10,954,895$0$173,283,889
85$455,737,168$11,173,527$0$190,455,752
86$501,894,179$11,392,849$0$209,366,109
87$552,748,867$11,612,581$0$230,192,014
88$608,780,071$11,832,416$0$253,128,578
89$670,515,457$12,052,024$0$278,390,813
90$738,536,508$12,271,047$0$306,215,659
91$813,484,002$12,489,099$0$336,864,224
92$896,064,069$12,705,763$0$370,624,249
93$987,054,851$12,920,593$0$407,812,823
94$1,087,313,849$13,133,105$0$448,779,379
95$1,197,786,015$13,342,781$0$493,908,993
96$1,319,512,676$13,549,065$0$543,626,019
97$1,453,641,360$13,751,360$0$598,398,098
98$1,601,436,630$13,949,027$0$658,740,571
99$1,764,292,018$14,141,381$0$725,221,349
100$1,943,743,184$14,327,689$0$798,466,271