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%
1 years$224,615$222,614$220,662$218,757$216,897$209,870
2 years$111,196$109,125$107,118$105,172$103,284$96,270
3 years$73,394$71,314$69,312$67,384$65,528$58,748
4 years$54,497$52,423$50,442$48,547$46,735$40,240
5 years$43,162$41,101$39,145$37,289$35,527$29,335
6 years$35,607$33,562$31,635$29,820$28,111$22,227
7 years$30,213$28,185$26,289$24,517$22,862$17,285
8 years$26,170$24,160$22,295$20,566$18,966$13,693
9 years$23,027$21,035$19,203$17,518$15,972$10,996
10 years$20,513$18,542$16,741$15,101$13,609$8,923
11 years$18,458$16,507$14,739$13,142$11,704$7,299
12 years$16,747$14,815$13,080$11,527$10,143$6,008
13 years$15,300$13,389$11,686$10,177$8,845$4,971
14 years$14,061$12,170$10,500$9,034$7,753$4,130
15 years$12,988$11,118$9,480$8,057$6,827$3,442
16 years$12,051$10,200$8,595$7,214$6,033$2,877
17 years$11,224$9,394$7,821$6,482$5,350$2,410
18 years$10,490$8,680$7,140$5,841$4,757$2,023
19 years$9,834$8,045$6,536$5,278$4,240$1,701
20 years$9,244$7,476$5,999$4,780$3,787$1,431
21 years$8,712$6,963$5,518$4,338$3,389$1,206
22 years$8,228$6,500$5,085$3,945$3,038$1,017
23 years$7,787$6,079$4,695$3,592$2,727$858
24 years$7,383$5,696$4,342$3,277$2,451$725
25 years$7,013$5,345$4,022$2,992$2,205$613
26 years$6,671$5,024$3,730$2,736$1,987$518
27 years$6,355$4,728$3,464$2,504$1,791$438
28 years$6,062$4,455$3,220$2,295$1,616$370
29 years$5,790$4,203$2,997$2,104$1,459$313
30 years$5,537$3,969$2,791$1,931$1,319$265
31 years$5,300$3,752$2,602$1,774$1,192$225
32 years$5,079$3,550$2,428$1,630$1,078$190
33 years$4,871$3,362$2,267$1,499$976$161
34 years$4,676$3,187$2,118$1,379$884$136
35 years$4,493$3,023$1,980$1,270$800$116
36 years$4,320$2,869$1,852$1,169$725$98
37 years$4,157$2,725$1,734$1,077$657$83
38 years$4,003$2,589$1,624$993$596$70
39 years$3,857$2,462$1,521$916$540$59
40 years$3,719$2,343$1,426$844$490$50
41 years$3,588$2,230$1,337$779$445$43
42 years$3,463$2,124$1,254$719$403$36
43 years$3,345$2,024$1,177$664$366$31
44 years$3,232$1,929$1,105$613$332$26
45 years$3,124$1,839$1,037$566$302$22
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$13
49 years$2,741$1,526$808$412$205$11
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 $6,460 every year, while hoping to spend $55,646 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: 49/28/23 Blend
29$2,720,000$2,720,000$2,720,000$2,720,000
30$3,004,103$2,859,943$2,817,783$3,131,504
31$3,251,315$2,940,874$2,852,972$3,301,832
32$3,521,877$3,023,905$2,887,475$3,480,653
33$3,818,113$3,109,080$2,921,210$3,673,788
34$4,142,581$3,196,445$2,954,090$3,882,612
35$4,498,097$3,286,044$2,986,025$4,108,638
36$4,887,765$3,377,922$3,016,919$4,353,532
37$5,315,000$3,472,124$3,046,669$4,619,127
38$5,783,568$3,568,695$3,075,170$4,907,444
39$6,297,612$3,667,682$3,102,309$5,220,708
40$6,861,698$3,769,128$3,127,966$5,561,370
41$7,480,856$3,873,080$3,152,017$5,932,129
42$8,160,625$3,979,582$3,174,331$6,335,958
43$8,907,106$4,088,680$3,194,769$6,776,133
44$9,727,023$4,200,417$3,213,186$7,256,262
45$10,627,781$4,314,838$3,229,429$7,780,321
46$11,617,536$4,431,987$3,243,337$8,352,690
47$12,705,277$4,551,907$3,254,740$8,978,194
48$13,900,904$4,674,639$3,263,463$9,662,149
49$15,215,325$4,800,225$3,269,318$10,410,415
50$16,660,558$4,928,706$3,272,110$11,229,446
51$18,249,843$5,060,120$3,271,633$12,126,353
52$19,997,766$5,194,506$3,267,673$13,108,975
53$21,920,401$5,331,900$3,260,002$14,185,947
54$24,035,455$5,472,335$3,248,385$15,366,784
55$26,362,438$5,615,847$3,232,573$16,661,974
56$28,922,847$5,762,464$3,212,305$18,083,071
57$31,740,369$5,912,216$3,187,308$19,642,808
58$34,841,100$6,065,128$3,157,297$21,355,219
59$38,253,798$6,221,225$3,121,972$23,235,767
60$42,010,146$6,380,526$3,081,019$25,301,492
61$46,145,057$6,543,048$3,034,109$27,571,174
62$50,697,000$6,708,804$2,980,899$30,065,508
63$55,708,364$6,877,805$2,921,029$32,807,300
64$61,225,855$7,050,056$2,854,121$35,821,683
65$67,300,940$7,225,556$2,779,782$39,136,356
66$73,990,331$7,404,303$2,697,599$42,781,841
67$81,356,517$7,586,286$2,607,141$46,791,778
68$89,468,358$7,771,491$2,507,957$51,203,239
69$98,401,731$7,959,894$2,399,574$56,057,076
70$108,240,248$8,151,469$2,281,500$61,398,314
71$119,076,042$8,346,180$2,153,219$67,276,569
72$131,010,638$8,543,983$2,014,192$73,746,525
73$144,155,912$8,744,827$1,863,857$80,868,441
74$158,635,143$8,948,652$1,701,624$88,708,730
75$174,584,178$9,155,386$1,526,878$97,340,579
76$192,152,715$9,364,951$1,338,979$106,844,648
77$211,505,712$9,577,254$1,137,256$117,309,824
78$232,824,948$9,792,192$921,007$128,834,068
79$256,310,734$10,009,651$689,502$141,525,337
80$282,183,806$10,229,501$441,977$155,502,605
81$310,687,407$10,451,599$177,636$170,896,987
82$342,089,581$10,675,786$0$187,852,979
83$376,685,708$10,901,889$0$206,555,458
84$414,801,283$11,129,714$0$227,202,468
85$456,794,996$11,359,053$0$249,943,990
86$503,062,114$11,589,675$0$274,993,391
87$554,038,210$11,821,329$0$302,585,796
88$610,203,276$12,053,742$0$332,980,312
89$672,086,253$12,286,619$0$366,462,466
90$740,270,025$12,519,637$0$403,346,907
91$815,396,917$12,752,449$0$443,980,374
92$898,174,761$12,984,678$0$488,744,971
93$989,383,578$13,215,918$0$538,061,771
94$1,089,882,936$13,445,731$0$592,394,793
95$1,200,620,069$13,673,645$0$652,255,385
96$1,322,638,815$13,899,153$0$718,207,046
97$1,457,089,471$14,121,709$0$790,870,752
98$1,605,239,652$14,340,727$0$870,930,815
99$1,768,486,253$14,555,580$0$959,141,344
100$1,948,368,641$14,765,593$0$1,056,333,365