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%17.9%
1 years$224,615$222,614$220,662$218,757$216,897$209,954
2 years$111,196$109,125$107,118$105,172$103,284$96,353
3 years$73,394$71,314$69,312$67,384$65,528$58,826
4 years$54,497$52,423$50,442$48,547$46,735$40,314
5 years$43,162$41,101$39,145$37,289$35,527$29,405
6 years$35,607$33,562$31,635$29,820$28,111$22,292
7 years$30,213$28,185$26,289$24,517$22,862$17,346
8 years$26,170$24,160$22,295$20,566$18,966$13,749
9 years$23,027$21,035$19,203$17,518$15,972$11,048
10 years$20,513$18,542$16,741$15,101$13,609$8,970
11 years$18,458$16,507$14,739$13,142$11,704$7,342
12 years$16,747$14,815$13,080$11,527$10,143$6,048
13 years$15,300$13,389$11,686$10,177$8,845$5,007
14 years$14,061$12,170$10,500$9,034$7,753$4,163
15 years$12,988$11,118$9,480$8,057$6,827$3,473
16 years$12,051$10,200$8,595$7,214$6,033$2,905
17 years$11,224$9,394$7,821$6,482$5,350$2,435
18 years$10,490$8,680$7,140$5,841$4,757$2,045
19 years$9,834$8,045$6,536$5,278$4,240$1,720
20 years$9,244$7,476$5,999$4,780$3,787$1,449
21 years$8,712$6,963$5,518$4,338$3,389$1,222
22 years$8,228$6,500$5,085$3,945$3,038$1,031
23 years$7,787$6,079$4,695$3,592$2,727$871
24 years$7,383$5,696$4,342$3,277$2,451$736
25 years$7,013$5,345$4,022$2,992$2,205$623
26 years$6,671$5,024$3,730$2,736$1,987$527
27 years$6,355$4,728$3,464$2,504$1,791$446
28 years$6,062$4,455$3,220$2,295$1,616$378
29 years$5,790$4,203$2,997$2,104$1,459$320
30 years$5,537$3,969$2,791$1,931$1,319$271
31 years$5,300$3,752$2,602$1,774$1,192$229
32 years$5,079$3,550$2,428$1,630$1,078$194
33 years$4,871$3,362$2,267$1,499$976$165
34 years$4,676$3,187$2,118$1,379$884$140
35 years$4,493$3,023$1,980$1,270$800$118
36 years$4,320$2,869$1,852$1,169$725$100
37 years$4,157$2,725$1,734$1,077$657$85
38 years$4,003$2,589$1,624$993$596$72
39 years$3,857$2,462$1,521$916$540$61
40 years$3,719$2,343$1,426$844$490$52
41 years$3,588$2,230$1,337$779$445$44
42 years$3,463$2,124$1,254$719$403$37
43 years$3,345$2,024$1,177$664$366$32
44 years$3,232$1,929$1,105$613$332$27
45 years$3,124$1,839$1,037$566$302$23
46 years$3,022$1,755$974$523$274$19
47 years$2,924$1,674$915$483$249$16
48 years$2,831$1,599$860$446$226$14
49 years$2,741$1,526$808$412$205$12
50 years$2,656$1,458$760$381$186$10

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 $5,469 every year, while hoping to spend $59,758 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: 39/42/19 Blend
29$2,720,000$2,720,000$2,720,000$2,720,000
30$3,003,081$2,858,921$2,816,761$3,102,985
31$3,245,814$2,935,426$2,847,541$3,251,676
32$3,511,302$3,013,677$2,877,348$3,406,240
33$3,801,804$3,093,697$2,906,089$3,572,128
34$4,119,806$3,175,506$2,933,661$3,750,399
35$4,468,046$3,259,126$2,959,959$3,942,218
36$4,849,539$3,344,576$2,984,870$4,148,866
37$5,267,606$3,431,874$3,008,277$4,371,757
38$5,725,904$3,521,037$3,030,056$4,612,445
39$6,228,459$3,612,081$3,050,076$4,872,643
40$6,779,708$3,705,019$3,068,199$5,154,236
41$7,384,536$3,799,864$3,084,282$5,459,300
42$8,048,326$3,896,624$3,098,173$5,790,125
43$8,777,006$3,995,309$3,109,712$6,149,229
44$9,577,105$4,095,924$3,118,732$6,539,389
45$10,455,816$4,198,471$3,125,057$6,963,664
46$11,421,065$4,302,951$3,128,501$7,425,423
47$12,481,579$4,409,361$3,128,872$7,928,379
48$13,646,977$4,517,696$3,125,965$8,476,622
49$14,927,851$4,627,946$3,119,568$9,074,661
50$16,335,875$4,740,099$3,109,456$9,727,461
51$17,883,907$4,854,136$3,095,395$10,440,497
52$19,586,113$4,970,037$3,077,139$11,219,798
53$21,458,103$5,087,775$3,054,430$12,072,012
54$23,517,074$5,207,320$3,026,998$13,004,464
55$25,781,973$5,328,636$2,994,559$14,025,224
56$28,273,675$5,451,680$2,956,818$15,143,188
57$31,015,181$5,576,404$2,913,463$16,368,161
58$34,031,836$5,702,754$2,864,170$17,710,946
59$37,351,562$5,830,668$2,808,599$19,183,451
60$41,005,127$5,960,076$2,746,393$20,798,798
61$45,026,433$6,090,903$2,677,180$22,571,452
62$49,452,834$6,223,062$2,600,569$24,517,352
63$54,325,489$6,356,458$2,516,155$26,654,067
64$59,689,751$6,490,987$2,423,509$29,000,959
65$65,595,595$6,626,535$2,322,185$31,579,368
66$72,098,086$6,762,975$2,211,719$34,412,813
67$79,257,901$6,900,171$2,091,621$37,527,217
68$87,141,900$7,037,972$1,961,384$40,951,148
69$95,823,757$7,176,216$1,820,473$44,716,095
70$105,384,655$7,314,726$1,668,334$48,856,762
71$115,914,052$7,453,309$1,504,385$53,411,397
72$127,510,521$7,591,757$1,328,018$58,422,155
73$140,282,688$7,729,847$1,138,600$63,935,498
74$154,350,248$7,867,335$935,469$70,002,632
75$169,845,098$8,003,960$717,933$76,679,994
76$186,912,584$8,139,439$485,269$84,029,784
77$205,712,867$8,273,471$236,725$92,120,555
78$226,422,437$8,405,729$0$101,027,863
79$249,235,780$8,535,864$0$110,840,759
80$274,367,209$8,663,500$0$121,696,828
81$302,052,888$8,788,236$0$133,649,349
82$332,553,065$8,909,642$0$146,809,979
83$366,154,518$9,027,255$0$161,301,767
84$403,173,273$9,140,585$0$177,260,316
85$443,957,578$9,249,104$0$194,835,062
86$488,891,191$9,352,250$0$214,190,688
87$538,397,005$9,449,423$0$235,508,681
88$592,941,039$9,539,984$0$258,989,040
89$653,036,831$9,623,250$0$284,852,174
90$719,250,293$9,698,494$0$313,340,977
91$792,205,044$9,764,941$0$344,723,127
92$872,588,303$9,821,768$0$379,293,612
93$961,157,372$9,868,097$0$417,377,516
94$1,058,746,786$9,902,995$0$459,333,094
95$1,166,276,188$9,925,472$0$505,555,151
96$1,284,759,011$9,934,472$0$556,478,774
97$1,415,312,047$9,928,878$0$612,583,444
98$1,559,165,981$9,907,499$0$674,397,558
99$1,717,677,019$9,869,074$0$742,503,428
100$1,892,339,679$9,812,263$0$817,542,777