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%12.8%
1 years$224,615$222,614$220,662$218,757$216,897$214,364
2 years$111,196$109,125$107,118$105,172$103,284$100,735
3 years$73,394$71,314$69,312$67,384$65,528$63,041
4 years$54,497$52,423$50,442$48,547$46,735$44,330
5 years$43,162$41,101$39,145$37,289$35,527$33,211
6 years$35,607$33,562$31,635$29,820$28,111$25,887
7 years$30,213$28,185$26,289$24,517$22,862$20,730
8 years$26,170$24,160$22,295$20,566$18,966$16,927
9 years$23,027$21,035$19,203$17,518$15,972$14,024
10 years$20,513$18,542$16,741$15,101$13,609$11,751
11 years$18,458$16,507$14,739$13,142$11,704$9,935
12 years$16,747$14,815$13,080$11,527$10,143$8,460
13 years$15,300$13,389$11,686$10,177$8,845$7,246
14 years$14,061$12,170$10,500$9,034$7,753$6,237
15 years$12,988$11,118$9,480$8,057$6,827$5,390
16 years$12,051$10,200$8,595$7,214$6,033$4,675
17 years$11,224$9,394$7,821$6,482$5,350$4,065
18 years$10,490$8,680$7,140$5,841$4,757$3,545
19 years$9,834$8,045$6,536$5,278$4,240$3,097
20 years$9,244$7,476$5,999$4,780$3,787$2,711
21 years$8,712$6,963$5,518$4,338$3,389$2,377
22 years$8,228$6,500$5,085$3,945$3,038$2,086
23 years$7,787$6,079$4,695$3,592$2,727$1,834
24 years$7,383$5,696$4,342$3,277$2,451$1,613
25 years$7,013$5,345$4,022$2,992$2,205$1,421
26 years$6,671$5,024$3,730$2,736$1,987$1,252
27 years$6,355$4,728$3,464$2,504$1,791$1,104
28 years$6,062$4,455$3,220$2,295$1,616$975
29 years$5,790$4,203$2,997$2,104$1,459$861
30 years$5,537$3,969$2,791$1,931$1,319$760
31 years$5,300$3,752$2,602$1,774$1,192$672
32 years$5,079$3,550$2,428$1,630$1,078$594
33 years$4,871$3,362$2,267$1,499$976$525
34 years$4,676$3,187$2,118$1,379$884$465
35 years$4,493$3,023$1,980$1,270$800$411
36 years$4,320$2,869$1,852$1,169$725$364
37 years$4,157$2,725$1,734$1,077$657$322
38 years$4,003$2,589$1,624$993$596$285
39 years$3,857$2,462$1,521$916$540$253
40 years$3,719$2,343$1,426$844$490$224
41 years$3,588$2,230$1,337$779$445$198
42 years$3,463$2,124$1,254$719$403$175
43 years$3,345$2,024$1,177$664$366$155
44 years$3,232$1,929$1,105$613$332$138
45 years$3,124$1,839$1,037$566$302$122
46 years$3,022$1,755$974$523$274$108
47 years$2,924$1,674$915$483$249$96
48 years$2,831$1,599$860$446$226$85
49 years$2,741$1,526$808$412$205$75
50 years$2,656$1,458$760$381$186$67

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 $6,222 every year, while hoping to spend $27,287 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: 55/38/7 Blend
29$2,720,000$2,720,000$2,720,000$2,720,000
30$3,003,858$2,859,698$2,817,538$3,163,911
31$3,281,218$2,970,790$2,882,892$3,383,763
32$3,585,955$3,086,411$2,949,522$3,619,444
33$3,920,831$3,206,754$3,017,439$3,875,369
34$4,288,892$3,332,021$3,086,660$4,153,468
35$4,693,491$3,462,422$3,157,195$4,455,856
36$5,138,324$3,598,178$3,229,058$4,784,863
37$5,627,462$3,739,517$3,302,260$5,143,048
38$6,165,390$3,886,681$3,376,813$5,533,227
39$6,757,051$4,039,919$3,452,727$5,958,496
40$7,407,889$4,199,494$3,530,012$6,422,261
41$8,123,904$4,365,679$3,608,678$6,928,266
42$8,911,705$4,538,760$3,688,731$7,480,633
43$9,778,575$4,719,036$3,770,180$8,083,897
44$10,732,539$4,906,818$3,853,031$8,743,044
45$11,782,439$5,102,433$3,937,288$9,463,566
46$12,938,017$5,306,222$4,022,956$10,251,502
47$14,210,008$5,518,539$4,110,038$11,113,502
48$15,610,239$5,739,758$4,198,535$12,056,882
49$17,151,745$5,970,268$4,288,447$13,089,698
50$18,848,885$6,210,474$4,379,773$14,220,817
51$20,717,486$6,460,801$4,472,510$15,459,997
52$22,774,983$6,721,694$4,566,653$16,817,985
53$25,040,591$6,993,617$4,662,195$18,306,611
54$27,535,482$7,277,054$4,759,129$19,938,900
55$30,282,985$7,572,514$4,857,444$21,729,194
56$33,308,808$7,880,526$4,957,127$23,693,285
57$36,641,279$8,201,644$5,058,163$25,848,563
58$40,311,614$8,536,450$5,160,536$28,214,177
59$44,354,211$8,885,547$5,264,226$30,811,216
60$48,806,973$9,249,571$5,369,210$33,662,906
61$53,711,668$9,629,184$5,475,463$36,794,823
62$59,114,323$10,025,080$5,582,956$40,235,139
63$65,065,658$10,437,982$5,691,658$44,014,883
64$71,621,561$10,868,649$5,801,535$48,168,227
65$78,843,621$11,317,874$5,912,547$52,732,815
66$86,799,706$11,786,486$6,024,653$57,750,109
67$95,564,604$12,275,351$6,137,807$63,265,780
68$105,220,728$12,785,378$6,251,959$69,330,138
69$115,858,896$13,317,516$6,367,053$75,998,600
70$127,579,186$13,872,756$6,483,031$83,332,217
71$140,491,879$14,452,137$6,599,829$91,398,239
72$154,718,505$15,056,746$6,717,377$100,270,754
73$170,392,984$15,687,719$6,835,602$110,031,379
74$187,662,897$16,346,245$6,954,422$120,770,030
75$206,690,870$17,033,568$7,073,753$132,585,766
76$227,656,116$17,750,991$7,193,501$145,587,720
77$250,756,126$18,499,875$7,313,569$159,896,126
78$276,208,527$19,281,646$7,433,850$175,643,452
79$304,253,145$20,097,794$7,554,232$192,975,639
80$335,154,261$20,949,881$7,674,594$212,053,484
81$369,203,110$21,839,540$7,794,808$233,054,147
82$406,720,630$22,768,481$7,914,737$256,172,819
83$448,060,490$23,738,492$8,034,236$281,624,562
84$493,612,428$24,751,445$8,153,151$309,646,331
85$543,805,931$25,809,302$8,271,316$340,499,209
86$599,114,290$26,914,111$8,388,559$374,470,863
87$660,059,066$28,068,021$8,504,695$411,878,253
88$727,215,016$29,273,279$8,619,527$453,070,622
89$801,215,515$30,532,238$8,732,849$498,432,782
90$882,758,539$31,847,359$8,844,441$548,388,741
91$972,613,251$33,221,221$8,954,071$603,405,702
92$1,071,627,264$34,656,522$9,061,494$663,998,460
93$1,180,734,642$36,156,088$9,166,451$730,734,259
94$1,300,964,716$37,722,877$9,268,667$804,238,137
95$1,433,451,804$39,359,986$9,367,855$885,198,819
96$1,579,445,920$41,070,656$9,463,710$974,375,207
97$1,740,324,569$42,858,284$9,555,909$1,072,603,539
98$1,917,605,757$44,726,423$9,644,115$1,180,805,272
99$2,112,962,322$46,678,795$9,727,970$1,299,995,770
100$2,328,237,721$48,719,298$9,807,099$1,431,293,880