Can I retire at age 30 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$231,221$229,162$227,152$225,191$223,276$219,216
2 years$114,466$112,334$110,268$108,265$106,322$102,246
3 years$75,553$73,412$71,351$69,366$67,455$63,491
4 years$56,100$53,965$51,925$49,975$48,109$44,287
5 years$44,431$42,309$40,296$38,385$36,572$32,902
6 years$36,655$34,549$32,565$30,697$28,938$25,425
7 years$31,102$29,014$27,062$25,238$23,535$20,179
8 years$26,940$24,870$22,951$21,171$19,524$16,325
9 years$23,704$21,654$19,767$18,033$16,442$13,398
10 years$21,117$19,087$17,234$15,545$14,010$11,118
11 years$19,001$16,992$15,172$13,529$12,049$9,306
12 years$17,240$15,251$13,465$11,866$10,441$7,843
13 years$15,750$13,783$12,030$10,476$9,105$6,648
14 years$14,475$12,528$10,809$9,300$7,981$5,661
15 years$13,370$11,445$9,759$8,294$7,027$4,839
16 years$12,405$10,500$8,848$7,426$6,211$4,150
17 years$11,554$9,670$8,051$6,672$5,507$3,569
18 years$10,799$8,936$7,350$6,013$4,896$3,076
19 years$10,123$8,282$6,728$5,433$4,364$2,656
20 years$9,516$7,696$6,175$4,921$3,898$2,297
21 years$8,968$7,168$5,680$4,466$3,489$1,990
22 years$8,470$6,691$5,235$4,061$3,127$1,726
23 years$8,016$6,258$4,833$3,698$2,807$1,498
24 years$7,601$5,864$4,470$3,373$2,523$1,302
25 years$7,219$5,503$4,140$3,080$2,270$1,132
26 years$6,867$5,172$3,840$2,816$2,045$985
27 years$6,542$4,867$3,566$2,578$1,844$858
28 years$6,241$4,586$3,315$2,362$1,664$747
29 years$5,961$4,327$3,085$2,166$1,502$651
30 years$5,700$4,086$2,873$1,988$1,357$568
31 years$5,456$3,863$2,679$1,826$1,227$495
32 years$5,228$3,655$2,499$1,678$1,110$432
33 years$5,014$3,461$2,334$1,543$1,005$377
34 years$4,814$3,280$2,180$1,420$910$329
35 years$4,625$3,111$2,038$1,307$824$287
36 years$4,447$2,953$1,907$1,204$746$251
37 years$4,279$2,805$1,785$1,109$677$219
38 years$4,120$2,666$1,671$1,022$613$191
39 years$3,970$2,535$1,566$942$556$167
40 years$3,828$2,412$1,468$869$504$146
41 years$3,693$2,296$1,376$802$458$128
42 years$3,565$2,186$1,291$740$415$111
43 years$3,443$2,083$1,211$683$377$97
44 years$3,327$1,986$1,137$631$342$85
45 years$3,216$1,893$1,068$583$311$74
46 years$3,111$1,806$1,003$538$282$65
47 years$3,010$1,724$942$497$256$57
48 years$2,914$1,646$885$459$233$50
49 years$2,822$1,571$832$425$211$43
50 years$2,734$1,501$782$392$192$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,800,000, adding $2,080 every year, while hoping to spend $39,028 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: 71/22/7 Blend
29$2,800,000$2,800,000$2,800,000$2,800,000
30$3,087,746$2,939,346$2,895,946$3,303,580
31$3,361,170$3,041,848$2,951,434$3,548,918
32$3,661,176$3,148,065$3,007,474$3,812,328
33$3,990,433$3,258,137$3,064,041$4,099,555
34$4,351,883$3,372,212$3,121,112$4,412,935
35$4,748,765$3,490,440$3,178,659$4,755,034
36$5,184,648$3,612,980$3,236,653$5,128,679
37$5,663,463$3,739,998$3,295,063$5,536,984
38$6,189,542$3,871,664$3,353,853$5,983,372
39$6,767,656$4,008,156$3,412,988$6,471,617
40$7,403,062$4,149,660$3,472,428$7,005,871
41$8,101,549$4,296,369$3,532,129$7,590,706
42$8,869,499$4,448,482$3,592,047$8,231,157
43$9,713,939$4,606,209$3,652,132$8,932,769
44$10,642,615$4,769,767$3,712,332$9,701,646
45$11,664,058$4,939,382$3,772,592$10,544,514
46$12,787,668$5,115,289$3,832,850$11,468,778
47$14,023,804$5,297,732$3,893,045$12,482,593
48$15,383,878$5,486,966$3,953,107$13,594,942
49$16,880,463$5,683,257$4,012,966$14,815,720
50$18,527,414$5,886,880$4,072,544$16,155,825
51$20,339,995$6,098,122$4,131,759$17,627,261
52$22,335,028$6,317,284$4,190,526$19,243,252
53$24,531,045$6,544,675$4,248,753$21,018,364
54$26,948,468$6,780,620$4,306,343$22,968,644
55$29,609,799$7,025,458$4,363,192$25,111,767
56$32,539,831$7,279,538$4,419,192$27,467,207
57$35,765,887$7,543,229$4,474,229$30,056,416
58$39,318,071$7,816,911$4,528,179$32,903,030
59$43,229,556$8,100,981$4,580,914$36,033,085
60$47,536,895$8,395,853$4,632,299$39,475,268
61$52,280,367$8,701,959$4,682,190$43,261,183
62$57,504,357$9,019,747$4,730,436$47,425,650
63$63,257,772$9,349,686$4,776,876$52,007,033
64$69,594,507$9,692,262$4,821,344$57,047,600
65$76,573,949$10,047,985$4,863,661$62,593,922
66$84,261,539$10,417,384$4,903,641$68,697,309
67$92,729,391$10,801,010$4,941,087$75,414,299
68$102,056,968$11,199,439$4,975,793$82,807,184
69$112,331,837$11,613,270$5,007,540$90,944,601
70$123,650,492$12,043,128$5,036,101$99,902,175
71$136,119,266$12,489,664$5,061,233$109,763,238
72$149,855,332$12,953,559$5,082,685$120,619,607
73$164,987,811$13,435,518$5,100,191$132,572,453
74$181,658,991$13,936,282$5,113,471$145,733,257
75$200,025,668$14,456,620$5,122,232$160,224,854
76$220,260,626$14,997,334$5,126,166$176,182,598
77$242,554,268$15,559,262$5,124,951$193,755,636
78$267,116,414$16,143,276$5,118,248$213,108,310
79$294,178,280$16,750,288$5,105,700$234,421,714
80$323,994,659$17,381,248$5,086,937$257,895,397
81$356,846,331$18,037,145$5,061,565$283,749,246
82$393,042,706$18,719,014$5,029,177$312,225,560
83$432,924,750$19,427,934$4,989,342$343,591,335
84$476,868,200$20,165,028$4,941,611$378,140,785
85$525,287,114$20,931,472$4,885,512$416,198,112
86$578,637,775$21,728,490$4,820,553$458,120,569
87$637,423,002$22,557,360$4,746,215$504,301,831
88$702,196,894$23,419,416$4,661,959$555,175,705
89$773,570,060$24,316,050$4,567,217$611,220,224
90$852,215,385$25,248,716$4,461,398$672,962,161
91$938,874,380$26,218,929$4,343,881$740,981,993
92$1,034,364,183$27,228,273$4,214,018$815,919,386
93$1,139,585,272$28,278,400$4,071,129$898,479,223
94$1,255,529,964$29,371,036$3,914,506$989,438,262
95$1,383,291,785$30,507,981$3,743,406$1,089,652,462
96$1,524,075,791$31,691,116$3,557,054$1,200,065,060
97$1,679,209,945$32,922,405$3,354,639$1,321,715,478
98$1,850,157,653$34,203,896$3,135,314$1,455,749,126
99$2,038,531,579$35,537,733$2,898,192$1,603,428,216
100$2,246,108,868$36,926,149$2,642,349$1,766,143,669