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%11%
1 years$226,267$224,251$222,285$220,366$218,491$217,571
2 years$112,013$109,927$107,905$105,945$104,044$103,114
3 years$73,934$71,839$69,822$67,880$66,010$65,100
4 years$54,898$52,809$50,812$48,904$47,079$46,196
5 years$43,479$41,403$39,433$37,563$35,788$34,935
6 years$35,869$33,809$31,867$30,039$28,318$27,496
7 years$30,436$28,392$26,482$24,697$23,030$22,239
8 years$26,362$24,337$22,459$20,718$19,106$18,346
9 years$23,196$21,190$19,344$17,647$16,090$15,361
10 years$20,664$18,678$16,864$15,212$13,709$13,011
11 years$18,594$16,628$14,847$13,239$11,790$11,122
12 years$16,870$14,924$13,176$11,612$10,217$9,579
13 years$15,413$13,487$11,772$10,252$8,910$8,301
14 years$14,165$12,260$10,577$9,100$7,810$7,229
15 years$13,084$11,199$9,550$8,116$6,877$6,324
16 years$12,139$10,275$8,658$7,267$6,078$5,552
17 years$11,307$9,463$7,879$6,529$5,389$4,889
18 years$10,567$8,744$7,192$5,884$4,792$4,317
19 years$9,906$8,104$6,584$5,317$4,271$3,821
20 years$9,312$7,531$6,043$4,815$3,815$3,389
21 years$8,776$7,015$5,558$4,370$3,414$3,011
22 years$8,288$6,548$5,123$3,974$3,060$2,679
23 years$7,844$6,124$4,730$3,619$2,747$2,387
24 years$7,438$5,738$4,374$3,301$2,469$2,129
25 years$7,064$5,385$4,052$3,014$2,222$1,902
26 years$6,720$5,061$3,758$2,756$2,001$1,700
27 years$6,402$4,763$3,489$2,523$1,804$1,521
28 years$6,107$4,488$3,244$2,311$1,628$1,361
29 years$5,833$4,234$3,019$2,120$1,470$1,220
30 years$5,577$3,998$2,812$1,945$1,328$1,093
31 years$5,339$3,780$2,621$1,787$1,201$980
32 years$5,116$3,576$2,446$1,642$1,086$880
33 years$4,907$3,387$2,284$1,510$983$790
34 years$4,711$3,210$2,134$1,389$890$709
35 years$4,526$3,045$1,995$1,279$806$637
36 years$4,352$2,890$1,866$1,178$730$572
37 years$4,187$2,745$1,747$1,085$662$514
38 years$4,032$2,608$1,636$1,000$600$462
39 years$3,885$2,480$1,532$922$544$416
40 years$3,746$2,360$1,436$851$494$374
41 years$3,614$2,246$1,347$785$448$336
42 years$3,488$2,139$1,263$724$406$303
43 years$3,369$2,038$1,185$669$369$272
44 years$3,256$1,943$1,113$617$335$245
45 years$3,147$1,853$1,045$570$304$221
46 years$3,044$1,768$981$527$276$198
47 years$2,946$1,687$922$487$251$179
48 years$2,851$1,610$866$450$228$161
49 years$2,761$1,538$814$416$207$145
50 years$2,675$1,469$766$384$188$130

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 $5,064 every year, while hoping to spend $24,775 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: 71/10/19 Blend
29$2,740,000$2,740,000$2,740,000$2,740,000
30$3,024,704$2,879,484$2,837,014$3,225,299
31$3,306,863$2,994,218$2,905,693$3,474,231
32$3,616,972$3,113,744$2,975,843$3,743,250
33$3,957,856$3,238,270$3,047,486$4,037,167
34$4,332,627$3,368,014$3,120,647$4,358,445
35$4,744,712$3,503,205$3,195,346$4,709,796
36$5,197,891$3,644,080$3,271,608$5,094,203
37$5,696,324$3,790,888$3,349,455$5,514,955
38$6,244,597$3,943,890$3,428,910$5,975,671
39$6,847,763$4,103,357$3,509,995$6,480,336
40$7,511,387$4,269,573$3,592,732$7,033,340
41$8,241,602$4,442,837$3,677,143$7,639,518
42$9,045,168$4,623,458$3,763,250$8,304,195
43$9,929,530$4,811,762$3,851,073$9,033,233
44$10,902,891$5,008,088$3,940,633$9,833,092
45$11,974,293$5,212,791$4,031,951$10,710,887
46$13,153,696$5,426,243$4,125,047$11,674,455
47$14,452,075$5,648,831$4,219,938$12,732,427
48$15,881,526$5,880,963$4,316,645$13,894,312
49$17,455,374$6,123,062$4,415,185$15,170,586
50$19,188,303$6,375,573$4,515,575$16,572,787
51$21,096,494$6,638,961$4,617,831$18,113,628
52$23,197,777$6,913,710$4,721,968$19,807,113
53$25,511,797$7,200,329$4,828,001$21,668,670
54$28,060,205$7,499,350$4,935,944$23,715,296
55$30,866,856$7,811,328$5,045,808$25,965,718
56$33,958,038$8,136,845$5,157,605$28,440,566
57$37,362,717$8,476,510$5,271,344$31,162,571
58$41,112,813$8,830,959$5,387,034$34,156,776
59$45,243,501$9,200,857$5,504,680$37,450,774
60$49,793,541$9,586,901$5,624,289$41,074,964
61$54,805,643$9,989,820$5,745,864$45,062,844
62$60,326,875$10,410,377$5,869,406$49,451,317
63$66,409,100$10,849,369$5,994,915$54,281,050
64$73,109,472$11,307,632$6,122,389$59,596,845
65$80,490,971$11,786,039$6,251,822$65,448,072
66$88,622,999$12,285,505$6,383,208$71,889,127
67$97,582,036$12,806,986$6,516,536$78,979,947
68$107,452,359$13,351,483$6,651,795$86,786,575
69$118,326,839$13,920,044$6,788,969$95,381,782
70$130,307,817$14,513,767$6,928,040$104,845,755
71$143,508,072$15,133,799$7,068,987$115,266,850
72$158,051,881$15,781,342$7,211,785$126,742,425
73$174,076,198$16,457,653$7,356,404$139,379,763
74$191,731,941$17,164,048$7,502,814$153,297,075
75$211,185,418$17,901,906$7,650,978$168,624,624
76$232,619,900$18,672,668$7,800,855$185,505,946
77$256,237,346$19,477,845$7,952,400$204,099,211
78$282,260,314$20,319,018$8,105,564$224,578,705
79$310,934,057$21,197,841$8,260,291$247,136,486
80$342,528,843$22,116,047$8,416,523$271,984,184
81$377,342,501$23,075,450$8,574,193$299,355,007
82$415,703,238$24,077,949$8,733,230$329,505,933
83$457,972,731$25,125,531$8,893,556$362,720,142
84$504,549,548$26,220,280$9,055,088$399,309,682
85$555,872,903$27,364,375$9,217,735$439,618,414
86$612,426,808$28,560,099$9,381,398$484,025,261
87$674,744,640$29,809,841$9,545,972$532,947,776
88$743,414,175$31,116,105$9,711,344$586,846,089
89$819,083,138$32,481,512$9,877,392$646,227,243
90$902,465,319$33,908,806$10,043,985$711,649,985
91$994,347,306$35,400,862$10,210,983$783,730,032
92$1,095,595,918$36,960,691$10,378,237$863,145,886
93$1,207,166,381$38,591,445$10,545,588$950,645,237
94$1,330,111,352$40,296,425$10,712,865$1,047,052,016
95$1,465,590,850$42,079,091$10,879,886$1,153,274,174
96$1,614,883,214$43,943,063$11,046,460$1,270,312,251
97$1,779,397,165$45,892,136$11,212,379$1,399,268,817
98$1,960,685,109$47,930,284$11,377,427$1,541,358,879
99$2,160,457,790$50,061,668$11,541,370$1,697,921,350
100$2,380,600,442$52,290,647$11,703,964$1,870,431,685