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

Use the below retirement simulation to view the chances of a successful retirement.
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%15%
1 years$230,396$228,343$226,341$224,387$222,479$217,897
2 years$114,057$111,933$109,874$107,878$105,942$101,348
3 years$75,283$73,149$71,096$69,119$67,214$62,749
4 years$55,899$53,773$51,740$49,796$47,938$43,637
5 years$44,272$42,158$40,152$38,248$36,441$32,318
6 years$36,524$34,425$32,449$30,587$28,835$24,892
7 years$30,991$28,910$26,965$25,148$23,450$19,689
8 years$26,843$24,782$22,869$21,096$19,454$15,874
9 years$23,619$21,577$19,697$17,969$16,383$12,981
10 years$21,041$19,019$17,172$15,489$13,960$10,732
11 years$18,933$16,931$15,118$13,480$12,006$8,949
12 years$17,178$15,197$13,417$11,824$10,404$7,513
13 years$15,694$13,733$11,987$10,439$9,072$6,343
14 years$14,423$12,483$10,770$9,266$7,953$5,380
15 years$13,323$11,404$9,724$8,264$7,002$4,580
16 years$12,361$10,463$8,816$7,400$6,189$3,911
17 years$11,513$9,636$8,023$6,648$5,487$3,348
18 years$10,760$8,904$7,324$5,992$4,879$2,873
19 years$10,087$8,252$6,704$5,414$4,349$2,470
20 years$9,482$7,668$6,153$4,903$3,884$2,127
21 years$8,936$7,143$5,660$4,450$3,476$1,834
22 years$8,440$6,667$5,216$4,046$3,116$1,583
23 years$7,987$6,236$4,816$3,685$2,797$1,368
24 years$7,573$5,843$4,454$3,361$2,514$1,183
25 years$7,193$5,483$4,125$3,069$2,262$1,024
26 years$6,843$5,153$3,826$2,806$2,038$887
27 years$6,519$4,850$3,553$2,569$1,837$768
28 years$6,218$4,570$3,303$2,354$1,658$666
29 years$5,939$4,311$3,074$2,158$1,497$578
30 years$5,679$4,071$2,863$1,981$1,353$501
31 years$5,436$3,849$2,669$1,819$1,223$435
32 years$5,209$3,642$2,490$1,672$1,106$378
33 years$4,996$3,449$2,325$1,537$1,001$328
34 years$4,797$3,269$2,173$1,415$906$285
35 years$4,608$3,100$2,031$1,302$821$247
36 years$4,431$2,943$1,900$1,199$744$215
37 years$4,264$2,795$1,778$1,105$674$187
38 years$4,106$2,656$1,665$1,018$611$162
39 years$3,956$2,526$1,560$939$554$141
40 years$3,814$2,403$1,463$866$503$122
41 years$3,680$2,287$1,371$799$456$106
42 years$3,552$2,178$1,286$738$414$93
43 years$3,431$2,076$1,207$681$376$80
44 years$3,315$1,978$1,133$629$341$70
45 years$3,205$1,887$1,064$581$309$61
46 years$3,100$1,800$999$536$281$53
47 years$2,999$1,718$939$495$255$46
48 years$2,903$1,640$882$458$232$40
49 years$2,812$1,566$829$423$210$35
50 years$2,724$1,496$780$391$191$30

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 $2,054 every year, while hoping to spend $29,012 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: 57/28/15 Blend
29$2,790,000$2,790,000$2,790,000$2,790,000
30$3,076,699$2,928,829$2,885,584$3,240,028
31$3,359,653$3,041,473$2,951,382$3,463,585
32$3,670,497$3,158,664$3,018,413$3,703,726
33$4,012,044$3,280,595$3,086,686$3,964,740
34$4,387,394$3,407,465$3,156,211$4,248,635
35$4,799,963$3,539,485$3,226,998$4,557,618
36$5,253,512$3,676,874$3,299,056$4,894,120
37$5,752,189$3,819,859$3,372,393$5,260,813
38$6,300,559$3,968,679$3,447,015$5,660,636
39$6,903,655$4,123,583$3,522,929$6,096,824
40$7,567,020$4,284,831$3,600,139$6,572,937
41$8,296,763$4,452,695$3,678,651$7,092,893
42$9,099,614$4,627,458$3,758,467$7,661,003
43$9,982,988$4,809,417$3,839,589$8,282,012
44$10,955,056$4,998,881$3,922,018$8,961,143
45$12,024,819$5,196,174$4,005,754$9,704,146
46$13,202,197$5,401,633$4,090,793$10,517,350
47$14,498,119$5,615,611$4,177,133$11,407,724
48$15,924,628$5,838,477$4,264,768$12,382,940
49$17,494,994$6,070,616$4,353,691$13,451,446
50$19,223,838$6,312,430$4,443,894$14,622,542
51$21,127,271$6,564,341$4,535,366$15,906,470
52$23,223,046$6,826,787$4,628,094$17,314,510
53$25,530,725$7,100,228$4,722,063$18,859,082
54$28,071,864$7,385,144$4,817,257$20,553,864
55$30,870,214$7,682,036$4,913,656$22,413,919
56$33,951,949$7,991,429$5,011,237$24,455,840
57$37,345,910$8,313,872$5,109,975$26,697,900
58$41,083,877$8,649,936$5,209,843$29,160,225
59$45,200,870$9,000,220$5,310,811$31,864,984
60$49,735,480$9,365,352$5,412,844$34,836,595
61$54,730,229$9,745,984$5,515,904$38,101,957
62$60,231,977$10,142,802$5,619,952$41,690,699
63$66,292,361$10,556,521$5,724,942$45,635,457
64$72,968,280$10,987,890$5,830,826$49,972,187
65$80,322,437$11,437,689$5,937,552$54,740,495
66$88,423,927$11,906,737$6,045,061$59,984,015
67$97,348,890$12,395,889$6,153,293$65,750,815
68$107,181,230$12,906,041$6,262,181$72,093,851
69$118,013,405$13,438,126$6,371,653$79,071,464
70$129,947,302$13,993,124$6,481,633$86,747,929
71$143,095,197$14,572,057$6,592,038$95,194,058
72$157,580,815$15,175,996$6,702,780$104,487,870
73$173,540,498$15,806,060$6,813,764$114,715,319
74$191,124,493$16,463,421$6,924,888$125,971,111
75$210,498,364$17,149,302$7,036,045$138,359,588
76$231,844,565$17,864,985$7,147,120$151,995,713
77$255,364,152$18,611,811$7,257,990$167,006,154
78$281,278,687$19,391,181$7,368,525$183,530,473
79$309,832,328$20,204,564$7,478,585$201,722,447
80$341,294,132$21,053,494$7,588,024$221,751,509
81$375,960,595$21,939,576$7,696,684$243,804,348
82$414,158,452$22,864,493$7,804,400$268,086,668
83$456,247,763$23,830,001$7,910,995$294,825,125
84$502,625,305$24,837,941$8,016,284$324,269,464
85$553,728,325$25,890,239$8,120,069$356,694,872
86$610,038,663$26,988,910$8,222,140$392,404,572
87$672,087,302$28,136,062$8,322,277$431,732,681
88$740,459,380$29,333,903$8,420,247$475,047,360
89$815,799,714$30,584,741$8,515,802$522,754,286
90$898,818,887$31,890,995$8,608,684$575,300,473
91$990,299,955$33,255,195$8,698,616$633,178,491
92$1,091,105,840$34,679,990$8,785,309$696,931,111
93$1,202,187,477$36,168,151$8,868,459$767,156,419
94$1,324,592,790$37,722,580$8,947,742$844,513,461
95$1,459,476,584$39,346,316$9,022,820$929,728,458
96$1,608,111,447$41,042,537$9,093,337$1,023,601,651
97$1,771,899,766$42,814,573$9,158,915$1,127,014,856
98$1,952,386,964$44,665,909$9,219,161$1,240,939,777
99$2,151,276,089$46,600,193$9,273,657$1,366,447,176
100$2,370,443,893$48,621,245$9,321,967$1,504,716,969