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

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$231,221$229,162$227,152$225,191$223,276$216,562
2 years$114,466$112,334$110,268$108,265$106,322$99,615
3 years$75,553$73,412$71,351$69,366$67,455$60,964
4 years$56,100$53,965$51,925$49,975$48,109$41,885
5 years$44,431$42,309$40,296$38,385$36,572$30,631
6 years$36,655$34,549$32,565$30,697$28,938$23,286
7 years$31,102$29,014$27,062$25,238$23,535$18,170
8 years$26,940$24,870$22,951$21,171$19,524$14,445
9 years$23,704$21,654$19,767$18,033$16,442$11,643
10 years$21,117$19,087$17,234$15,545$14,010$9,483
11 years$19,001$16,992$15,172$13,529$12,049$7,787
12 years$17,240$15,251$13,465$11,866$10,441$6,436
13 years$15,750$13,783$12,030$10,476$9,105$5,347
14 years$14,475$12,528$10,809$9,300$7,981$4,460
15 years$13,370$11,445$9,759$8,294$7,027$3,734
16 years$12,405$10,500$8,848$7,426$6,211$3,134
17 years$11,554$9,670$8,051$6,672$5,507$2,637
18 years$10,799$8,936$7,350$6,013$4,896$2,223
19 years$10,123$8,282$6,728$5,433$4,364$1,877
20 years$9,516$7,696$6,175$4,921$3,898$1,587
21 years$8,968$7,168$5,680$4,466$3,489$1,344
22 years$8,470$6,691$5,235$4,061$3,127$1,139
23 years$8,016$6,258$4,833$3,698$2,807$966
24 years$7,601$5,864$4,470$3,373$2,523$819
25 years$7,219$5,503$4,140$3,080$2,270$696
26 years$6,867$5,172$3,840$2,816$2,045$591
27 years$6,542$4,867$3,566$2,578$1,844$502
28 years$6,241$4,586$3,315$2,362$1,664$427
29 years$5,961$4,327$3,085$2,166$1,502$363
30 years$5,700$4,086$2,873$1,988$1,357$309
31 years$5,456$3,863$2,679$1,826$1,227$263
32 years$5,228$3,655$2,499$1,678$1,110$224
33 years$5,014$3,461$2,334$1,543$1,005$190
34 years$4,814$3,280$2,180$1,420$910$162
35 years$4,625$3,111$2,038$1,307$824$138
36 years$4,447$2,953$1,907$1,204$746$117
37 years$4,279$2,805$1,785$1,109$677$100
38 years$4,120$2,666$1,671$1,022$613$85
39 years$3,970$2,535$1,566$942$556$72
40 years$3,828$2,412$1,468$869$504$62
41 years$3,693$2,296$1,376$802$458$53
42 years$3,565$2,186$1,291$740$415$45
43 years$3,443$2,083$1,211$683$377$38
44 years$3,327$1,986$1,137$631$342$32
45 years$3,216$1,893$1,068$583$311$28
46 years$3,111$1,806$1,003$538$282$24
47 years$3,010$1,724$942$497$256$20
48 years$2,914$1,646$885$459$233$17
49 years$2,822$1,571$832$425$211$15
50 years$2,734$1,501$782$392$192$12

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 $4,168 every year, while hoping to spend $38,567 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: 33/50/17 Blend
29$2,800,000$2,800,000$2,800,000$2,800,000
30$3,089,899$2,941,499$2,898,099$3,175,396
31$3,364,034$3,044,598$2,954,151$3,341,906
32$3,664,838$3,151,455$3,010,787$3,517,376
33$3,994,990$3,262,216$3,067,988$3,705,668
34$4,357,443$3,377,028$3,125,729$3,907,930
35$4,755,448$3,496,048$3,183,986$4,125,420
36$5,192,585$3,619,436$3,242,731$4,359,521
37$5,672,801$3,747,361$3,301,935$4,611,751
38$6,200,442$3,879,997$3,361,565$4,883,777
39$6,780,297$4,017,526$3,421,587$5,177,429
40$7,417,640$4,160,137$3,481,963$5,494,718
41$8,118,283$4,308,028$3,542,653$5,837,855
42$8,888,629$4,461,403$3,603,613$6,209,267
43$9,735,733$4,620,475$3,664,798$6,611,624
44$10,667,365$4,785,466$3,726,156$7,047,860
45$11,692,090$4,956,607$3,787,636$7,521,200
46$12,819,341$5,134,139$3,849,179$8,035,191
47$14,059,514$5,318,311$3,910,727$8,593,736
48$15,424,061$5,509,385$3,972,212$9,201,124
49$16,925,601$5,707,632$4,033,568$9,862,074
50$18,578,040$5,913,333$4,094,720$10,581,779
51$20,396,698$6,126,784$4,155,591$11,365,950
52$22,398,455$6,348,290$4,216,097$12,220,873
53$24,601,912$6,578,171$4,276,151$13,153,465
54$27,027,564$6,816,759$4,335,659$14,171,335
55$29,697,995$7,064,400$4,394,524$15,282,862
56$32,638,089$7,321,454$4,452,639$16,497,266
57$35,875,266$7,588,297$4,509,894$17,824,696
58$39,439,740$7,865,320$4,566,172$19,276,323
59$43,364,804$8,152,931$4,621,349$20,864,449
60$47,687,144$8,451,555$4,675,294$22,602,614
61$52,447,185$8,761,634$4,727,869$24,505,727
62$57,689,473$9,083,629$4,778,928$26,590,204
63$63,463,094$9,418,021$4,828,316$28,874,121
64$69,822,136$9,765,311$4,875,872$31,377,382
65$76,826,204$10,126,021$4,921,424$34,121,907
66$84,540,977$10,500,696$4,964,791$37,131,834
67$93,038,829$10,889,903$5,005,784$40,433,748
68$102,399,514$11,294,232$5,044,202$44,056,928
69$112,710,917$11,714,302$5,079,836$48,033,620
70$124,069,882$12,150,755$5,112,462$52,399,342
71$136,583,130$12,604,261$5,141,849$57,193,213
72$150,368,259$13,075,520$5,167,751$62,458,324
73$165,554,861$13,565,260$5,189,910$68,242,141
74$182,285,742$14,074,243$5,208,057$74,596,946
75$200,718,267$14,603,260$5,221,906$81,580,334
76$221,025,850$15,153,140$5,231,160$89,255,751
77$243,399,588$15,724,745$5,235,505$97,693,088
78$268,050,064$16,318,976$5,234,613$106,969,341
79$295,209,336$16,936,770$5,228,137$117,169,332
80$325,133,125$17,579,109$5,215,717$128,386,507
81$358,103,233$18,247,015$5,196,973$140,723,817
82$394,430,197$18,941,553$5,171,506$154,294,681
83$434,456,226$19,663,837$5,138,900$169,224,057
84$478,558,425$20,415,029$5,098,717$185,649,617
85$527,152,359$21,196,341$5,050,499$203,723,041
86$580,695,976$22,009,038$4,993,767$223,611,445
87$639,693,925$22,854,441$4,928,018$245,498,956
88$704,702,324$23,733,927$4,852,725$269,588,441
89$776,334,008$24,648,936$4,767,338$296,103,423
90$855,264,313$25,600,970$4,671,280$325,290,181
91$942,237,453$26,591,597$4,563,948$357,420,074
92$1,038,073,542$27,622,455$4,444,709$392,792,092
93$1,143,676,341$28,695,253$4,312,904$431,735,678
94$1,260,041,783$29,811,775$4,167,842$474,613,829
95$1,388,267,379$30,973,886$4,008,799$521,826,516
96$1,529,562,578$32,183,533$3,835,020$573,814,456
97$1,685,260,183$33,442,749$3,645,715$631,063,265
98$1,856,828,934$34,753,655$3,440,059$694,108,034
99$2,045,887,372$36,118,471$3,217,188$763,538,374
100$2,254,219,120$37,539,513$2,976,200$840,003,973