Can I retire at age 30 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$230,396$228,343$226,341$224,387$222,479$221,262
2 years$114,057$111,933$109,874$107,878$105,942$104,715
3 years$75,283$73,149$71,096$69,119$67,214$66,013
4 years$55,899$53,773$51,740$49,796$47,938$46,773
5 years$44,272$42,158$40,152$38,248$36,441$35,317
6 years$36,524$34,425$32,449$30,587$28,835$27,751
7 years$30,991$28,910$26,965$25,148$23,450$22,409
8 years$26,843$24,782$22,869$21,096$19,454$18,454
9 years$23,619$21,577$19,697$17,969$16,383$15,425
10 years$21,041$19,019$17,172$15,489$13,960$13,042
11 years$18,933$16,931$15,118$13,480$12,006$11,128
12 years$17,178$15,197$13,417$11,824$10,404$9,566
13 years$15,694$13,733$11,987$10,439$9,072$8,274
14 years$14,423$12,483$10,770$9,266$7,953$7,192
15 years$13,323$11,404$9,724$8,264$7,002$6,278
16 years$12,361$10,463$8,816$7,400$6,189$5,501
17 years$11,513$9,636$8,023$6,648$5,487$4,834
18 years$10,760$8,904$7,324$5,992$4,879$4,260
19 years$10,087$8,252$6,704$5,414$4,349$3,762
20 years$9,482$7,668$6,153$4,903$3,884$3,329
21 years$8,936$7,143$5,660$4,450$3,476$2,952
22 years$8,440$6,667$5,216$4,046$3,116$2,620
23 years$7,987$6,236$4,816$3,685$2,797$2,330
24 years$7,573$5,843$4,454$3,361$2,514$2,073
25 years$7,193$5,483$4,125$3,069$2,262$1,847
26 years$6,843$5,153$3,826$2,806$2,038$1,647
27 years$6,519$4,850$3,553$2,569$1,837$1,470
28 years$6,218$4,570$3,303$2,354$1,658$1,313
29 years$5,939$4,311$3,074$2,158$1,497$1,174
30 years$5,679$4,071$2,863$1,981$1,353$1,050
31 years$5,436$3,849$2,669$1,819$1,223$939
32 years$5,209$3,642$2,490$1,672$1,106$840
33 years$4,996$3,449$2,325$1,537$1,001$753
34 years$4,797$3,269$2,173$1,415$906$674
35 years$4,608$3,100$2,031$1,302$821$604
36 years$4,431$2,943$1,900$1,199$744$541
37 years$4,264$2,795$1,778$1,105$674$485
38 years$4,106$2,656$1,665$1,018$611$435
39 years$3,956$2,526$1,560$939$554$390
40 years$3,814$2,403$1,463$866$503$350
41 years$3,680$2,287$1,371$799$456$314
42 years$3,552$2,178$1,286$738$414$282
43 years$3,431$2,076$1,207$681$376$253
44 years$3,315$1,978$1,133$629$341$227
45 years$3,205$1,887$1,064$581$309$204
46 years$3,100$1,800$999$536$281$183
47 years$2,999$1,718$939$495$255$164
48 years$2,903$1,640$882$458$232$147
49 years$2,812$1,566$829$423$210$132
50 years$2,724$1,496$780$391$191$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,790,000, adding $4,885 every year, while hoping to spend $57,388 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: 78/9/13 Blend
29$2,790,000$2,790,000$2,790,000$2,790,000
30$3,079,619$2,931,749$2,888,504$3,311,543
31$3,332,680$3,014,344$2,924,208$3,547,497
32$3,609,629$3,099,063$2,959,186$3,798,420
33$3,912,844$3,185,950$2,993,350$4,072,019
34$4,244,939$3,275,047$3,026,613$4,370,537
35$4,608,798$3,366,399$3,058,880$4,696,441
36$5,007,593$3,460,050$3,090,050$5,052,451
37$5,444,818$3,556,044$3,120,018$5,441,560
38$5,924,324$3,654,424$3,148,673$5,867,067
39$6,450,350$3,755,236$3,175,898$6,332,605
40$7,027,566$3,858,522$3,201,570$6,842,174
41$7,661,114$3,964,327$3,225,560$7,400,184
42$8,356,662$4,072,693$3,247,730$8,011,490
43$9,120,451$4,183,664$3,267,938$8,681,443
44$9,959,355$4,297,281$3,286,032$9,415,936
45$10,880,949$4,413,588$3,301,854$10,221,461
46$11,893,576$4,532,624$3,315,237$11,105,174
47$13,006,429$4,654,431$3,326,005$12,074,954
48$14,229,633$4,779,046$3,333,975$13,139,487
49$15,574,345$4,906,509$3,338,953$14,308,338
50$17,052,857$5,036,857$3,340,736$15,592,050
51$18,678,710$5,170,124$3,339,112$17,002,238
52$20,466,823$5,306,345$3,333,857$18,551,699
53$22,433,635$5,445,551$3,324,737$20,254,535
54$24,597,256$5,587,774$3,311,506$22,126,282
55$26,977,641$5,733,040$3,293,906$24,184,063
56$29,596,776$5,881,375$3,271,669$26,446,741
57$32,478,887$6,032,802$3,244,509$28,935,105
58$35,650,666$6,187,341$3,212,132$31,672,059
59$39,141,522$6,345,009$3,174,227$34,682,844
60$42,983,862$6,505,819$3,130,468$37,995,274
61$47,213,392$6,669,781$3,080,515$41,639,995
62$51,869,458$6,836,900$3,024,012$45,650,780
63$56,995,412$7,007,177$2,960,586$50,064,843
64$62,639,024$7,180,609$2,889,846$54,923,194
65$68,852,932$7,357,187$2,811,383$60,271,023
66$75,695,138$7,536,895$2,724,771$66,158,126
67$83,229,553$7,719,715$2,629,562$72,639,379
68$91,526,605$7,905,618$2,525,290$79,775,254
69$100,663,896$8,094,571$2,411,465$87,632,385
70$110,726,941$8,286,532$2,287,576$96,284,206
71$121,809,969$8,481,453$2,153,091$105,811,637
72$134,016,816$8,679,274$2,007,449$116,303,850
73$147,461,902$8,879,929$1,850,069$127,859,113
74$162,271,310$9,083,340$1,680,341$140,585,713
75$178,583,979$9,289,419$1,497,628$154,602,983
76$196,553,012$9,498,067$1,301,265$170,042,426
77$216,347,121$9,709,174$1,090,559$187,048,957
78$238,152,218$9,922,614$864,783$205,782,271
79$262,173,172$10,138,251$623,182$226,418,350
80$288,635,741$10,355,930$364,963$249,151,126
81$317,788,700$10,575,484$89,303$274,194,312
82$349,906,193$10,796,728$0$301,783,417
83$385,290,315$11,019,459$0$332,206,391
84$424,273,970$11,243,455$0$365,735,885
85$467,224,004$11,468,473$0$402,674,802
86$514,544,676$11,694,252$0$443,370,602
87$566,681,467$11,920,504$0$488,206,175
88$624,125,288$12,146,920$0$537,603,459
89$687,417,111$12,373,163$0$592,027,419
90$757,153,078$12,598,869$0$651,990,441
91$833,990,125$12,823,647$0$718,057,162
92$918,652,185$13,047,073$0$790,849,807
93$1,011,937,020$13,268,692$0$871,054,056
94$1,114,723,751$13,488,013$0$959,425,519
95$1,227,981,157$13,704,508$0$1,056,796,869
96$1,352,776,819$13,917,613$0$1,164,085,703
97$1,490,287,198$14,126,721$0$1,282,303,202
98$1,641,808,742$14,331,179$0$1,412,563,677
99$1,808,770,118$14,530,292$0$1,556,095,089
100$1,992,745,707$14,723,313$0$1,714,250,640