Can I retire at age 30 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$229,570$227,525$225,530$223,583$221,681$215,884
2 years$113,648$111,532$109,481$107,492$105,562$99,762
3 years$75,013$72,887$70,841$68,871$66,973$61,350
4 years$55,699$53,580$51,554$49,618$47,766$42,363
5 years$44,114$42,007$40,008$38,111$36,311$31,144
6 years$36,393$34,302$32,333$30,478$28,732$23,806
7 years$30,880$28,807$26,869$25,057$23,366$18,682
8 years$26,747$24,693$22,787$21,020$19,385$14,939
9 years$23,534$21,500$19,626$17,904$16,325$12,114
10 years$20,966$18,951$17,110$15,434$13,909$9,929
11 years$18,866$16,871$15,064$13,432$11,963$8,206
12 years$17,117$15,142$13,369$11,782$10,367$6,827
13 years$15,638$13,684$11,944$10,401$9,040$5,710
14 years$14,372$12,439$10,732$9,233$7,924$4,796
15 years$13,275$11,363$9,689$8,234$6,977$4,043
16 years$12,316$10,425$8,785$7,373$6,166$3,419
17 years$11,472$9,601$7,994$6,625$5,468$2,898
18 years$10,721$8,872$7,297$5,970$4,862$2,461
19 years$10,051$8,222$6,680$5,395$4,333$2,094
20 years$9,448$7,641$6,131$4,886$3,870$1,784
21 years$8,904$7,117$5,639$4,434$3,464$1,522
22 years$8,409$6,643$5,197$4,032$3,105$1,299
23 years$7,959$6,213$4,799$3,672$2,787$1,111
24 years$7,546$5,822$4,438$3,349$2,505$950
25 years$7,167$5,463$4,111$3,058$2,254$813
26 years$6,818$5,135$3,812$2,796$2,030$696
27 years$6,495$4,832$3,540$2,560$1,831$596
28 years$6,196$4,553$3,291$2,345$1,652$511
29 years$5,918$4,296$3,063$2,151$1,491$438
30 years$5,659$4,057$2,853$1,974$1,348$376
31 years$5,417$3,835$2,659$1,813$1,218$322
32 years$5,191$3,629$2,481$1,666$1,102$277
33 years$4,979$3,436$2,317$1,532$997$237
34 years$4,779$3,257$2,165$1,409$903$204
35 years$4,592$3,089$2,024$1,298$818$175
36 years$4,415$2,932$1,893$1,195$741$150
37 years$4,249$2,785$1,772$1,101$672$129
38 years$4,091$2,647$1,659$1,015$609$111
39 years$3,942$2,517$1,555$936$552$95
40 years$3,801$2,394$1,457$863$501$82
41 years$3,667$2,279$1,366$796$454$70
42 years$3,539$2,171$1,282$735$412$60
43 years$3,418$2,068$1,203$678$374$52
44 years$3,303$1,971$1,129$626$340$44
45 years$3,193$1,880$1,060$578$308$38
46 years$3,088$1,793$996$534$280$33
47 years$2,989$1,711$935$494$254$28
48 years$2,893$1,634$879$456$231$24
49 years$2,802$1,560$826$422$210$21
50 years$2,714$1,490$777$390$190$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,780,000, adding $3,465 every year, while hoping to spend $23,564 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: 65/23/12 Blend
29$2,780,000$2,780,000$2,780,000$2,780,000
30$3,067,134$2,919,794$2,876,704$3,257,924
31$3,354,910$3,037,792$2,948,002$3,503,707
32$3,671,249$3,160,782$3,020,898$3,769,079
33$4,019,040$3,288,984$3,095,422$4,058,442
34$4,401,466$3,422,628$3,171,602$4,374,134
35$4,822,032$3,561,953$3,249,467$4,718,728
36$5,284,601$3,707,212$3,329,047$5,095,056
37$5,793,431$3,858,665$3,410,370$5,506,233
38$6,353,210$4,016,589$3,493,467$5,955,688
39$6,969,105$4,181,269$3,578,366$6,447,195
40$7,646,809$4,353,007$3,665,096$6,984,909
41$8,392,596$4,532,116$3,753,689$7,573,402
42$9,213,375$4,718,924$3,844,172$8,217,707
43$10,116,763$4,913,775$3,936,575$8,923,366
44$11,111,151$5,117,028$4,030,928$9,696,480
45$12,205,784$5,329,058$4,127,260$10,543,766
46$13,410,851$5,550,259$4,225,600$11,472,620
47$14,737,576$5,781,041$4,325,977$12,491,185
48$16,198,331$6,021,834$4,428,419$13,608,431
49$17,806,745$6,273,088$4,532,955$14,834,231
50$19,577,837$6,535,273$4,639,613$16,179,462
51$21,528,156$6,808,881$4,748,420$17,656,100
52$23,675,939$7,094,428$4,859,404$19,277,335
53$26,041,282$7,392,451$4,972,590$21,057,695
54$28,646,327$7,703,516$5,088,006$23,013,180
55$31,515,475$8,028,210$5,205,677$25,161,415
56$34,675,613$8,367,153$5,325,627$27,521,810
57$38,156,371$8,720,988$5,447,881$30,115,749
58$41,990,397$9,090,393$5,572,461$32,966,783
59$46,213,669$9,476,074$5,699,390$36,100,856
60$50,865,833$9,878,771$5,828,689$39,546,549
61$55,990,576$10,299,259$5,960,379$43,335,344
62$61,636,040$10,738,348$6,094,477$47,501,924
63$67,855,276$11,196,887$6,231,002$52,084,495
64$74,706,744$11,675,764$6,369,970$57,125,149
65$82,254,863$12,175,908$6,511,396$62,670,255
66$90,570,624$12,698,293$6,655,292$68,770,901
67$99,732,254$13,243,935$6,801,671$75,483,369
68$109,825,958$13,813,902$6,950,541$82,869,665
69$120,946,732$14,409,310$7,101,910$90,998,105
70$133,199,258$15,031,325$7,255,784$99,943,956
71$146,698,895$15,681,173$7,412,165$109,790,145
72$161,572,764$16,360,132$7,571,054$120,628,038
73$177,960,951$17,069,544$7,732,450$132,558,302
74$196,017,828$17,810,811$7,896,346$145,691,852
75$215,913,509$18,585,404$8,062,737$160,150,895
76$237,835,459$19,394,860$8,231,610$176,070,081
77$261,990,259$20,240,791$8,402,952$193,597,771
78$288,605,559$21,124,883$8,576,744$212,897,438
79$317,932,226$22,048,903$8,752,966$234,149,200
80$350,246,715$23,014,701$8,931,592$257,551,525
81$385,853,671$24,024,212$9,112,591$283,323,094
82$425,088,813$25,079,467$9,295,931$311,704,870
83$468,322,099$26,182,588$9,481,572$342,962,359
84$515,961,218$27,335,799$9,669,469$377,388,122
85$568,455,441$28,541,432$9,859,575$415,304,527
86$626,299,859$29,801,925$10,051,834$457,066,791
87$690,040,060$31,119,835$10,246,185$503,066,326
88$760,277,276$32,497,836$10,442,562$553,734,435
89$837,674,061$33,938,734$10,640,892$609,546,372
90$922,960,547$35,445,463$10,841,093$671,025,829
91$1,016,941,331$37,021,099$11,043,078$738,749,870
92$1,120,503,078$38,668,864$11,246,752$813,354,380
93$1,234,622,886$40,392,132$11,452,012$895,540,055
94$1,360,377,512$42,194,438$11,658,746$986,079,015
95$1,498,953,536$44,079,484$11,866,833$1,085,822,089
96$1,651,658,568$46,051,150$12,076,142$1,195,706,834
97$1,819,933,583$48,113,497$12,286,534$1,316,766,386
98$2,005,366,534$50,270,784$12,497,859$1,450,139,205
99$2,209,707,337$52,527,469$12,709,953$1,597,079,811
100$2,434,884,394$54,888,224$12,922,646$1,758,970,626