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%17.4%
1 years$226,267$224,251$222,285$220,366$218,491$211,922
2 years$112,013$109,927$107,905$105,945$104,044$97,480
3 years$73,934$71,839$69,822$67,880$66,010$59,658
4 years$54,898$52,809$50,812$48,904$47,079$40,988
5 years$43,479$41,403$39,433$37,563$35,788$29,975
6 years$35,869$33,809$31,867$30,039$28,318$22,787
7 years$30,436$28,392$26,482$24,697$23,030$17,781
8 years$26,362$24,337$22,459$20,718$19,106$14,135
9 years$23,196$21,190$19,344$17,647$16,090$11,393
10 years$20,664$18,678$16,864$15,212$13,709$9,280
11 years$18,594$16,628$14,847$13,239$11,790$7,620
12 years$16,870$14,924$13,176$11,612$10,217$6,298
13 years$15,413$13,487$11,772$10,252$8,910$5,232
14 years$14,165$12,260$10,577$9,100$7,810$4,365
15 years$13,084$11,199$9,550$8,116$6,877$3,654
16 years$12,139$10,275$8,658$7,267$6,078$3,067
17 years$11,307$9,463$7,879$6,529$5,389$2,581
18 years$10,567$8,744$7,192$5,884$4,792$2,176
19 years$9,906$8,104$6,584$5,317$4,271$1,837
20 years$9,312$7,531$6,043$4,815$3,815$1,553
21 years$8,776$7,015$5,558$4,370$3,414$1,315
22 years$8,288$6,548$5,123$3,974$3,060$1,114
23 years$7,844$6,124$4,730$3,619$2,747$945
24 years$7,438$5,738$4,374$3,301$2,469$802
25 years$7,064$5,385$4,052$3,014$2,222$681
26 years$6,720$5,061$3,758$2,756$2,001$578
27 years$6,402$4,763$3,489$2,523$1,804$491
28 years$6,107$4,488$3,244$2,311$1,628$418
29 years$5,833$4,234$3,019$2,120$1,470$355
30 years$5,577$3,998$2,812$1,945$1,328$302
31 years$5,339$3,780$2,621$1,787$1,201$257
32 years$5,116$3,576$2,446$1,642$1,086$219
33 years$4,907$3,387$2,284$1,510$983$186
34 years$4,711$3,210$2,134$1,389$890$158
35 years$4,526$3,045$1,995$1,279$806$135
36 years$4,352$2,890$1,866$1,178$730$115
37 years$4,187$2,745$1,747$1,085$662$98
38 years$4,032$2,608$1,636$1,000$600$83
39 years$3,885$2,480$1,532$922$544$71
40 years$3,746$2,360$1,436$851$494$60
41 years$3,614$2,246$1,347$785$448$51
42 years$3,488$2,139$1,263$724$406$44
43 years$3,369$2,038$1,185$669$369$37
44 years$3,256$1,943$1,113$617$335$32
45 years$3,147$1,853$1,045$570$304$27
46 years$3,044$1,768$981$527$276$23
47 years$2,946$1,687$922$487$251$20
48 years$2,851$1,610$866$450$228$17
49 years$2,761$1,538$814$416$207$14
50 years$2,675$1,469$766$384$188$12

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 $6,301 every year, while hoping to spend $43,328 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: 38/40/22 Blend
29$2,740,000$2,740,000$2,740,000$2,740,000
30$3,025,979$2,880,759$2,838,289$3,120,841
31$3,288,529$2,975,816$2,887,272$3,285,266
32$3,576,406$3,074,078$2,936,442$3,458,323
33$3,892,148$3,175,657$2,985,762$3,644,479
34$4,238,552$3,280,669$3,035,190$3,844,941
35$4,618,694$3,389,232$3,084,679$4,061,040
36$5,035,968$3,501,471$3,134,182$4,294,236
37$5,494,107$3,617,513$3,183,648$4,546,137
38$5,997,228$3,737,493$3,233,021$4,818,508
39$6,549,862$3,861,547$3,282,245$5,113,293
40$7,157,004$3,989,819$3,331,256$5,432,629
41$7,824,155$4,122,457$3,379,990$5,778,866
42$8,557,375$4,259,613$3,428,375$6,154,592
43$9,363,340$4,401,448$3,476,340$6,562,652
44$10,249,408$4,548,126$3,523,804$7,006,178
45$11,223,681$4,699,817$3,570,684$7,488,616
46$12,295,088$4,856,700$3,616,894$8,013,761
47$13,473,466$5,018,957$3,662,339$8,585,786
48$14,769,654$5,186,780$3,706,922$9,209,290
49$16,195,592$5,360,366$3,750,537$9,889,331
50$17,764,438$5,539,920$3,793,076$10,631,481
51$19,490,689$5,725,654$3,834,422$11,441,873
52$21,390,317$5,917,789$3,874,453$12,327,260
53$23,480,922$6,116,553$3,913,040$13,295,080
54$25,781,896$6,322,184$3,950,046$14,353,521
55$28,314,605$6,534,927$3,985,329$15,511,603
56$31,102,594$6,755,038$4,018,737$16,779,256
57$34,171,805$6,982,780$4,050,110$18,167,420
58$37,550,822$7,218,430$4,079,282$19,688,143
59$41,271,145$7,462,272$4,106,077$21,354,694
60$45,367,479$7,714,601$4,130,308$23,181,689
61$49,878,071$7,975,724$4,151,782$25,185,229
62$54,845,060$8,245,961$4,170,293$27,383,047
63$60,314,884$8,525,641$4,185,625$29,794,680
64$66,338,712$8,815,108$4,197,554$32,441,649
65$72,972,930$9,114,717$4,205,841$35,347,660
66$80,279,670$9,424,839$4,210,238$38,538,831
67$88,327,397$9,745,857$4,210,482$42,043,935
68$97,191,558$10,078,170$4,206,299$45,894,669
69$106,955,288$10,422,192$4,197,401$50,125,958
70$117,710,199$10,778,351$4,183,486$54,776,275
71$129,557,243$11,147,095$4,164,237$59,888,012
72$142,607,666$11,528,886$4,139,322$65,507,871
73$156,984,052$11,924,205$4,108,394$71,687,311
74$172,821,487$12,333,553$4,071,087$78,483,027
75$190,268,830$12,757,449$4,027,020$85,957,485
76$209,490,118$13,196,431$3,975,792$94,179,515
77$230,666,115$13,651,061$3,916,986$103,224,952
78$253,996,015$14,121,919$3,850,161$113,177,357
79$279,699,326$14,609,611$3,774,859$124,128,800
80$308,017,940$15,114,765$3,690,600$136,180,730
81$339,218,416$15,638,034$3,596,881$149,444,932
82$373,594,493$16,180,096$3,493,175$164,044,578
83$411,469,868$16,741,657$3,378,933$180,115,390
84$453,201,246$17,323,450$3,253,579$197,806,919
85$499,181,710$17,926,237$3,116,511$217,283,957
86$549,844,431$18,550,809$2,967,100$238,728,086
87$605,666,755$19,197,990$2,804,690$262,339,398
88$667,174,708$19,868,635$2,628,591$288,338,374
89$734,947,966$20,563,636$2,438,086$316,967,969
90$809,625,321$21,283,917$2,232,425$348,495,904
91$891,910,715$22,030,441$2,010,823$383,217,187
92$982,579,884$22,804,208$1,772,461$421,456,897
93$1,082,487,677$23,606,259$1,516,484$463,573,257
94$1,192,576,132$24,437,677$1,241,997$509,961,004
95$1,313,883,362$25,299,588$948,069$561,055,121
96$1,447,553,360$26,193,164$633,725$617,334,936
97$1,594,846,796$27,119,622$297,948$679,328,648
98$1,757,152,917$28,080,231$0$747,618,310
99$1,936,002,662$29,076,310$0$822,859,495
100$2,133,083,116$30,109,231$0$905,820,386