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%13.7%
1 years$229,570$227,525$225,530$223,583$221,681$218,278
2 years$113,648$111,532$109,481$107,492$105,562$102,142
3 years$75,013$72,887$70,841$68,871$66,973$63,642
4 years$55,699$53,580$51,554$49,618$47,766$44,550
5 years$44,114$42,007$40,008$38,111$36,311$33,219
6 years$36,393$34,302$32,333$30,478$28,732$25,767
7 years$30,880$28,807$26,869$25,057$23,366$20,531
8 years$26,747$24,693$22,787$21,020$19,385$16,677
9 years$23,534$21,500$19,626$17,904$16,325$13,744
10 years$20,966$18,951$17,110$15,434$13,909$11,454
11 years$18,866$16,871$15,064$13,432$11,963$9,629
12 years$17,117$15,142$13,369$11,782$10,367$8,153
13 years$15,638$13,684$11,944$10,401$9,040$6,942
14 years$14,372$12,439$10,732$9,233$7,924$5,940
15 years$13,275$11,363$9,689$8,234$6,977$5,102
16 years$12,316$10,425$8,785$7,373$6,166$4,397
17 years$11,472$9,601$7,994$6,625$5,468$3,800
18 years$10,721$8,872$7,297$5,970$4,862$3,291
19 years$10,051$8,222$6,680$5,395$4,333$2,857
20 years$9,448$7,641$6,131$4,886$3,870$2,484
21 years$8,904$7,117$5,639$4,434$3,464$2,163
22 years$8,409$6,643$5,197$4,032$3,105$1,886
23 years$7,959$6,213$4,799$3,672$2,787$1,646
24 years$7,546$5,822$4,438$3,349$2,505$1,438
25 years$7,167$5,463$4,111$3,058$2,254$1,258
26 years$6,818$5,135$3,812$2,796$2,030$1,101
27 years$6,495$4,832$3,540$2,560$1,831$964
28 years$6,196$4,553$3,291$2,345$1,652$844
29 years$5,918$4,296$3,063$2,151$1,491$740
30 years$5,659$4,057$2,853$1,974$1,348$649
31 years$5,417$3,835$2,659$1,813$1,218$569
32 years$5,191$3,629$2,481$1,666$1,102$500
33 years$4,979$3,436$2,317$1,532$997$438
34 years$4,779$3,257$2,165$1,409$903$385
35 years$4,592$3,089$2,024$1,298$818$338
36 years$4,415$2,932$1,893$1,195$741$297
37 years$4,249$2,785$1,772$1,101$672$261
38 years$4,091$2,647$1,659$1,015$609$229
39 years$3,942$2,517$1,555$936$552$201
40 years$3,801$2,394$1,457$863$501$177
41 years$3,667$2,279$1,366$796$454$156
42 years$3,539$2,171$1,282$735$412$137
43 years$3,418$2,068$1,203$678$374$120
44 years$3,303$1,971$1,129$626$340$106
45 years$3,193$1,880$1,060$578$308$93
46 years$3,088$1,793$996$534$280$82
47 years$2,989$1,711$935$494$254$72
48 years$2,893$1,634$879$456$231$63
49 years$2,802$1,560$826$422$210$55
50 years$2,714$1,490$777$390$190$49

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 $2,937 every year, while hoping to spend $33,794 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: 75/18/7 Blend
29$2,780,000$2,780,000$2,780,000$2,780,000
30$3,066,590$2,919,250$2,876,160$3,293,559
31$3,343,425$3,026,336$2,936,554$3,550,371
32$3,647,365$3,137,537$2,997,840$3,827,107
33$3,981,139$3,253,019$3,060,010$4,129,377
34$4,347,753$3,372,955$3,123,058$4,459,696
35$4,750,518$3,497,524$3,186,974$4,820,835
36$5,193,083$3,626,915$3,251,750$5,215,845
37$5,679,466$3,761,323$3,317,373$5,648,084
38$6,214,097$3,900,953$3,383,830$6,121,249
39$6,801,853$4,046,017$3,451,107$6,639,411
40$7,448,108$4,196,739$3,519,185$7,207,052
41$8,158,785$4,353,348$3,588,047$7,829,110
42$8,940,405$4,516,086$3,657,671$8,511,020
43$9,800,158$4,685,206$3,728,034$9,258,769
44$10,745,962$4,860,969$3,799,112$10,078,950
45$11,786,543$5,043,650$3,870,875$10,978,825
46$12,931,515$5,233,533$3,943,294$11,966,390
47$14,191,471$5,430,918$4,016,335$13,050,456
48$15,578,082$5,636,113$4,089,963$14,240,724
49$17,104,208$5,849,444$4,164,139$15,547,883
50$18,784,019$6,071,250$4,238,819$16,983,705
51$20,633,130$6,301,881$4,313,961$18,561,158
52$22,668,744$6,541,708$4,389,513$20,294,527
53$24,909,818$6,791,114$4,465,423$22,199,550
54$27,377,240$7,050,500$4,541,636$24,293,562
55$30,094,028$7,320,284$4,618,091$26,595,662
56$33,085,545$7,600,903$4,694,723$29,126,890
57$36,379,737$7,892,814$4,771,462$31,910,425
58$40,007,399$8,196,491$4,848,235$34,971,805
59$44,002,467$8,512,432$4,924,964$38,339,164
60$48,402,332$8,841,155$5,001,564$42,043,501
61$53,248,199$9,183,201$5,077,945$46,118,965
62$58,585,473$9,539,135$5,154,014$50,603,184
63$64,464,186$9,909,548$5,229,669$55,537,615
64$70,939,473$10,295,055$5,304,802$60,967,934
65$78,072,086$10,696,300$5,379,301$66,944,468
66$85,928,976$11,113,955$5,453,044$73,522,669
67$94,583,914$11,548,722$5,525,903$80,763,633
68$104,118,197$12,001,333$5,597,745$88,734,680
69$114,621,408$12,472,553$5,668,424$97,509,987
70$126,192,266$12,963,183$5,737,791$107,171,283
71$138,939,556$13,474,057$5,805,686$117,808,625
72$152,983,152$14,006,048$5,871,938$129,521,245
73$168,455,157$14,560,067$5,936,370$142,418,482
74$185,501,138$15,137,066$5,998,795$156,620,816
75$204,281,512$15,738,040$6,059,012$172,261,004
76$224,973,051$16,364,029$6,116,813$189,485,330
77$247,770,554$17,016,118$6,171,978$208,454,985
78$272,888,684$17,695,442$6,224,274$229,347,587
79$300,563,999$18,403,187$6,273,456$252,358,856
80$331,057,176$19,140,593$6,319,266$277,704,458
81$364,655,481$19,908,955$6,361,434$305,622,043
82$401,675,473$20,709,626$6,399,675$336,373,484
83$442,465,995$21,544,022$6,433,688$370,247,345
84$487,411,469$22,413,621$6,463,159$407,561,607
85$536,935,521$23,319,970$6,487,757$448,666,666
86$591,504,980$24,264,685$6,507,133$493,948,637
87$651,634,288$25,249,455$6,520,922$543,832,998
88$717,890,353$26,276,046$6,528,741$598,788,607
89$790,897,903$27,346,306$6,530,187$659,332,119
90$871,345,378$28,462,164$6,524,837$726,032,867
91$959,991,436$29,625,640$6,512,249$799,518,229
92$1,057,672,111$30,838,844$6,491,957$880,479,554
93$1,165,308,702$32,103,984$6,463,474$969,678,679
94$1,283,916,479$33,423,368$6,426,289$1,067,955,122
95$1,414,614,257$34,799,410$6,379,867$1,176,234,001
96$1,558,634,964$36,234,634$6,323,646$1,295,534,770
97$1,717,337,280$37,731,681$6,257,038$1,426,980,834
98$1,892,218,461$39,293,312$6,179,427$1,571,810,151
99$2,084,928,476$40,922,415$6,090,169$1,731,386,921
100$2,297,285,579$42,622,013$5,988,589$1,907,214,454