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

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$226,267$224,251$222,285$220,366$218,491$215,138
2 years$112,013$109,927$107,905$105,945$104,044$100,673
3 years$73,934$71,839$69,822$67,880$66,010$62,727
4 years$54,898$52,809$50,812$48,904$47,079$43,909
5 years$43,479$41,403$39,433$37,563$35,788$32,741
6 years$35,869$33,809$31,867$30,039$28,318$25,397
7 years$30,436$28,392$26,482$24,697$23,030$20,236
8 years$26,362$24,337$22,459$20,718$19,106$16,438
9 years$23,196$21,190$19,344$17,647$16,090$13,547
10 years$20,664$18,678$16,864$15,212$13,709$11,289
11 years$18,594$16,628$14,847$13,239$11,790$9,491
12 years$16,870$14,924$13,176$11,612$10,217$8,036
13 years$15,413$13,487$11,772$10,252$8,910$6,843
14 years$14,165$12,260$10,577$9,100$7,810$5,854
15 years$13,084$11,199$9,550$8,116$6,877$5,029
16 years$12,139$10,275$8,658$7,267$6,078$4,334
17 years$11,307$9,463$7,879$6,529$5,389$3,745
18 years$10,567$8,744$7,192$5,884$4,792$3,244
19 years$9,906$8,104$6,584$5,317$4,271$2,816
20 years$9,312$7,531$6,043$4,815$3,815$2,448
21 years$8,776$7,015$5,558$4,370$3,414$2,132
22 years$8,288$6,548$5,123$3,974$3,060$1,859
23 years$7,844$6,124$4,730$3,619$2,747$1,623
24 years$7,438$5,738$4,374$3,301$2,469$1,418
25 years$7,064$5,385$4,052$3,014$2,222$1,240
26 years$6,720$5,061$3,758$2,756$2,001$1,085
27 years$6,402$4,763$3,489$2,523$1,804$950
28 years$6,107$4,488$3,244$2,311$1,628$832
29 years$5,833$4,234$3,019$2,120$1,470$729
30 years$5,577$3,998$2,812$1,945$1,328$640
31 years$5,339$3,780$2,621$1,787$1,201$561
32 years$5,116$3,576$2,446$1,642$1,086$492
33 years$4,907$3,387$2,284$1,510$983$432
34 years$4,711$3,210$2,134$1,389$890$379
35 years$4,526$3,045$1,995$1,279$806$333
36 years$4,352$2,890$1,866$1,178$730$293
37 years$4,187$2,745$1,747$1,085$662$257
38 years$4,032$2,608$1,636$1,000$600$226
39 years$3,885$2,480$1,532$922$544$198
40 years$3,746$2,360$1,436$851$494$174
41 years$3,614$2,246$1,347$785$448$153
42 years$3,488$2,139$1,263$724$406$135
43 years$3,369$2,038$1,185$669$369$118
44 years$3,256$1,943$1,113$617$335$104
45 years$3,147$1,853$1,045$570$304$92
46 years$3,044$1,768$981$527$276$80
47 years$2,946$1,687$922$487$251$71
48 years$2,851$1,610$866$450$228$62
49 years$2,761$1,538$814$416$207$55
50 years$2,675$1,469$766$384$188$48

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 $2,264 every year, while hoping to spend $49,472 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: 44/34/22 Blend
29$2,740,000$2,740,000$2,740,000$2,740,000
30$3,021,815$2,876,595$2,834,125$3,135,418
31$3,277,403$2,964,911$2,876,431$3,304,253
32$3,557,402$3,055,895$2,918,495$3,482,148
33$3,864,251$3,149,628$2,960,259$3,673,978
34$4,200,634$3,246,189$3,001,657$3,881,057
35$4,569,508$3,345,662$3,042,622$4,104,834
36$4,974,131$3,448,133$3,083,083$4,346,904
37$5,418,088$3,553,688$3,122,962$4,609,018
38$5,905,333$3,662,418$3,162,181$4,893,107
39$6,440,216$3,774,415$3,200,653$5,201,296
40$7,027,532$3,889,776$3,238,289$5,535,922
41$7,672,562$4,008,597$3,274,994$5,899,560
42$8,381,125$4,130,979$3,310,667$6,295,043
43$9,159,629$4,257,026$3,345,204$6,725,493
44$10,015,134$4,386,844$3,378,491$7,194,346
45$10,955,420$4,520,541$3,410,413$7,705,385
46$11,989,055$4,658,230$3,440,844$8,262,777
47$13,125,480$4,800,025$3,469,654$8,871,113
48$14,375,097$4,946,044$3,496,706$9,535,445
49$15,749,367$5,096,410$3,521,855$10,261,342
50$17,260,914$5,251,245$3,544,948$11,054,935
51$18,923,649$5,410,679$3,565,827$11,922,979
52$20,752,901$5,574,842$3,584,321$12,872,914
53$22,765,556$5,743,868$3,600,255$13,912,937
54$24,980,222$5,917,896$3,613,442$15,052,078
55$27,417,399$6,097,068$3,623,688$16,300,282
56$30,099,678$6,281,529$3,630,786$17,668,510
57$33,051,950$6,471,428$3,634,521$19,168,835
58$36,301,639$6,666,919$3,634,669$20,814,557
59$39,878,966$6,868,158$3,630,990$22,620,333
60$43,817,230$7,075,306$3,623,236$24,602,309
61$48,153,120$7,288,529$3,611,148$26,778,275
62$52,927,066$7,507,995$3,594,450$29,167,835
63$58,183,619$7,733,879$3,572,855$31,792,584
64$63,971,867$7,966,358$3,546,065$34,676,323
65$70,345,901$8,205,613$3,513,762$37,845,271
66$77,365,328$8,451,833$3,475,618$41,328,323
67$85,095,827$8,705,209$3,431,287$45,157,314
68$93,609,773$8,965,935$3,380,406$49,367,327
69$102,986,918$9,234,214$3,322,598$53,997,018
70$113,315,143$9,510,250$3,257,464$59,088,980
71$124,691,289$9,794,254$3,184,591$64,690,153
72$137,222,069$10,086,441$3,103,544$70,852,256
73$151,025,076$10,387,032$3,013,868$77,632,285
74$166,229,889$10,696,252$2,915,088$85,093,042
75$182,979,301$11,014,332$2,806,707$93,303,734
76$201,430,663$11,341,508$2,688,205$102,340,624
77$221,757,370$11,678,020$2,559,038$112,287,751
78$244,150,495$12,024,117$2,418,639$123,237,722
79$268,820,595$12,380,049$2,266,414$135,292,586
80$295,999,699$12,746,074$2,101,742$148,564,801
81$325,943,492$13,122,456$1,923,974$163,178,291
82$358,933,735$13,509,463$1,732,434$179,269,619
83$395,280,919$13,907,369$1,526,413$196,989,271
84$435,327,198$14,316,455$1,305,173$216,503,085
85$479,449,617$14,737,007$1,067,942$237,993,810
86$528,063,673$15,169,315$813,913$261,662,832
87$581,627,234$15,613,678$542,245$287,732,077
88$640,644,862$16,070,398$252,060$316,446,108
89$705,672,575$16,539,784$0$348,074,428
90$777,323,095$17,022,151$0$382,927,555
91$856,271,634$17,517,820$0$421,383,270
92$943,262,264$18,027,116$0$463,743,243
93$1,039,114,942$18,550,372$0$510,405,172
94$1,144,733,251$19,087,925$0$561,807,304
95$1,261,112,928$19,640,119$0$618,432,573
96$1,389,351,263$20,207,302$0$680,813,156
97$1,530,657,461$20,789,829$0$749,535,497
98$1,686,364,051$21,388,059$0$825,245,838
99$1,857,939,468$22,002,357$0$908,656,323
100$2,047,001,915$22,633,095$0$1,000,551,717