Can I retire at age 30 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$226,267$224,251$222,285$220,366$218,491$210,405
2 years$112,013$109,927$107,905$105,945$104,044$95,987
3 years$73,934$71,839$69,822$67,880$66,010$58,238
4 years$54,898$52,809$50,812$48,904$47,079$39,650
5 years$43,479$41,403$39,433$37,563$35,788$28,723
6 years$35,869$33,809$31,867$30,039$28,318$21,620
7 years$30,436$28,392$26,482$24,697$23,030$16,698
8 years$26,362$24,337$22,459$20,718$19,106$13,134
9 years$23,196$21,190$19,344$17,647$16,090$10,470
10 years$20,664$18,678$16,864$15,212$13,709$8,432
11 years$18,594$16,628$14,847$13,239$11,790$6,844
12 years$16,870$14,924$13,176$11,612$10,217$5,589
13 years$15,413$13,487$11,772$10,252$8,910$4,586
14 years$14,165$12,260$10,577$9,100$7,810$3,779
15 years$13,084$11,199$9,550$8,116$6,877$3,123
16 years$12,139$10,275$8,658$7,267$6,078$2,588
17 years$11,307$9,463$7,879$6,529$5,389$2,149
18 years$10,567$8,744$7,192$5,884$4,792$1,787
19 years$9,906$8,104$6,584$5,317$4,271$1,489
20 years$9,312$7,531$6,043$4,815$3,815$1,242
21 years$8,776$7,015$5,558$4,370$3,414$1,036
22 years$8,288$6,548$5,123$3,974$3,060$866
23 years$7,844$6,124$4,730$3,619$2,747$724
24 years$7,438$5,738$4,374$3,301$2,469$606
25 years$7,064$5,385$4,052$3,014$2,222$507
26 years$6,720$5,061$3,758$2,756$2,001$424
27 years$6,402$4,763$3,489$2,523$1,804$355
28 years$6,107$4,488$3,244$2,311$1,628$298
29 years$5,833$4,234$3,019$2,120$1,470$249
30 years$5,577$3,998$2,812$1,945$1,328$209
31 years$5,339$3,780$2,621$1,787$1,201$175
32 years$5,116$3,576$2,446$1,642$1,086$147
33 years$4,907$3,387$2,284$1,510$983$123
34 years$4,711$3,210$2,134$1,389$890$103
35 years$4,526$3,045$1,995$1,279$806$87
36 years$4,352$2,890$1,866$1,178$730$73
37 years$4,187$2,745$1,747$1,085$662$61
38 years$4,032$2,608$1,636$1,000$600$51
39 years$3,885$2,480$1,532$922$544$43
40 years$3,746$2,360$1,436$851$494$36
41 years$3,614$2,246$1,347$785$448$30
42 years$3,488$2,139$1,263$724$406$25
43 years$3,369$2,038$1,185$669$369$21
44 years$3,256$1,943$1,113$617$335$18
45 years$3,147$1,853$1,045$570$304$15
46 years$3,044$1,768$981$527$276$13
47 years$2,946$1,687$922$487$251$11
48 years$2,851$1,610$866$450$228$9
49 years$2,761$1,538$814$416$207$7
50 years$2,675$1,469$766$384$188$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,740,000, adding $6,414 every year, while hoping to spend $38,417 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: 66/13/21 Blend
29$2,740,000$2,740,000$2,740,000$2,740,000
30$3,026,096$2,880,876$2,838,406$3,209,305
31$3,293,882$2,981,164$2,892,617$3,433,347
32$3,587,695$3,085,078$2,947,357$3,673,198
33$3,910,149$3,192,755$3,002,602$3,934,506
34$4,264,123$3,304,339$3,058,328$4,219,381
35$4,652,790$3,419,978$3,114,508$4,530,142
36$5,079,643$3,539,825$3,171,112$4,869,347
37$5,548,531$3,664,041$3,228,109$5,239,810
38$6,063,695$3,792,793$3,285,465$5,644,630
39$6,629,805$3,926,253$3,343,142$6,087,221
40$7,252,009$4,064,603$3,401,101$6,571,341
41$7,935,976$4,208,031$3,459,299$7,101,132
42$8,687,951$4,356,730$3,517,692$7,681,152
43$9,514,817$4,510,905$3,576,229$8,316,423
44$10,424,155$4,670,766$3,634,859$9,012,479
45$11,424,319$4,836,533$3,693,527$9,775,412
46$12,524,511$5,008,435$3,752,172$10,611,935
47$13,734,873$5,186,710$3,810,732$11,529,442
48$15,066,578$5,371,606$3,869,138$12,536,078
49$16,531,934$5,563,380$3,927,320$13,640,817
50$18,144,506$5,762,301$3,985,200$14,853,544
51$19,919,240$5,968,648$4,042,699$16,185,149
52$21,872,603$6,182,712$4,099,729$17,647,632
53$24,022,739$6,404,795$4,156,201$19,254,210
54$26,389,641$6,635,213$4,212,017$21,019,447
55$28,995,340$6,874,294$4,267,074$22,959,389
56$31,864,110$7,122,380$4,321,267$25,091,714
57$35,022,698$7,379,825$4,374,478$27,435,901
58$38,500,579$7,647,002$4,426,589$30,013,411
59$42,330,229$7,924,296$4,477,470$32,847,889
60$46,547,434$8,212,109$4,526,988$35,965,391
61$51,191,630$8,510,859$4,574,999$39,394,624
62$56,306,269$8,820,984$4,621,354$43,167,219
63$61,939,233$9,142,937$4,665,894$47,318,030
64$68,143,286$9,477,192$4,708,453$51,885,461
65$74,976,569$9,824,243$4,748,854$56,911,830
66$82,503,152$10,184,603$4,786,913$62,443,764
67$90,793,633$10,558,809$4,822,435$68,532,645
68$99,925,811$10,947,418$4,855,213$75,235,087
69$109,985,415$11,351,012$4,885,034$82,613,475
70$121,066,914$11,770,199$4,911,670$90,736,554
71$133,274,410$12,205,609$4,934,882$99,680,074
72$146,722,619$12,657,903$4,954,419$109,527,504
73$161,537,953$13,127,768$4,970,020$120,370,825
74$177,859,715$13,615,919$4,981,405$132,311,391
75$195,841,410$14,123,103$4,988,287$145,460,891
76$215,652,199$14,650,100$4,990,359$159,942,396
77$237,478,489$15,197,720$4,987,302$175,891,529
78$261,525,698$15,766,812$4,978,780$193,457,735
79$288,020,191$16,358,258$4,964,441$212,805,700
80$317,211,418$16,972,980$4,943,917$234,116,899
81$349,374,264$17,611,937$4,916,820$257,591,308
82$384,811,649$18,276,133$4,882,744$283,449,299
83$423,857,387$18,966,612$4,841,265$311,933,708
84$466,879,330$19,684,466$4,791,937$343,312,137
85$514,282,849$20,430,832$4,734,294$377,879,474
86$566,514,654$21,206,898$4,667,848$415,960,676
87$624,067,015$22,013,902$4,592,087$457,913,840
88$687,482,404$22,853,137$4,506,475$504,133,577
89$757,358,620$23,725,951$4,410,453$555,054,741
90$834,354,431$24,633,754$4,303,434$611,156,532
91$919,195,788$25,578,014$4,184,805$672,967,018
92$1,012,682,687$26,560,264$4,053,924$741,068,120
93$1,115,696,710$27,582,106$3,910,119$816,101,107
94$1,229,209,355$28,645,210$3,752,690$898,772,643
95$1,354,291,205$29,751,322$3,580,901$989,861,464
96$1,492,122,033$30,902,261$3,393,985$1,090,225,725
97$1,644,001,938$32,099,930$3,191,142$1,200,811,100
98$1,811,363,623$33,346,314$2,971,532$1,322,659,711
99$1,995,785,915$34,643,485$2,734,281$1,456,919,966
100$2,199,008,670$35,993,608$2,478,472$1,604,857,394