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%17.7%
1 years$231,221$229,162$227,152$225,191$223,276$216,302
2 years$114,466$112,334$110,268$108,265$106,322$99,358
3 years$75,553$73,412$71,351$69,366$67,455$60,719
4 years$56,100$53,965$51,925$49,975$48,109$41,654
5 years$44,431$42,309$40,296$38,385$36,572$30,414
6 years$36,655$34,549$32,565$30,697$28,938$23,082
7 years$31,102$29,014$27,062$25,238$23,535$17,981
8 years$26,940$24,870$22,951$21,171$19,524$14,269
9 years$23,704$21,654$19,767$18,033$16,442$11,480
10 years$21,117$19,087$17,234$15,545$14,010$9,333
11 years$19,001$16,992$15,172$13,529$12,049$7,649
12 years$17,240$15,251$13,465$11,866$10,441$6,309
13 years$15,750$13,783$12,030$10,476$9,105$5,231
14 years$14,475$12,528$10,809$9,300$7,981$4,355
15 years$13,370$11,445$9,759$8,294$7,027$3,638
16 years$12,405$10,500$8,848$7,426$6,211$3,047
17 years$11,554$9,670$8,051$6,672$5,507$2,558
18 years$10,799$8,936$7,350$6,013$4,896$2,152
19 years$10,123$8,282$6,728$5,433$4,364$1,813
20 years$9,516$7,696$6,175$4,921$3,898$1,529
21 years$8,968$7,168$5,680$4,466$3,489$1,292
22 years$8,470$6,691$5,235$4,061$3,127$1,092
23 years$8,016$6,258$4,833$3,698$2,807$924
24 years$7,601$5,864$4,470$3,373$2,523$782
25 years$7,219$5,503$4,140$3,080$2,270$662
26 years$6,867$5,172$3,840$2,816$2,045$561
27 years$6,542$4,867$3,566$2,578$1,844$476
28 years$6,241$4,586$3,315$2,362$1,664$404
29 years$5,961$4,327$3,085$2,166$1,502$342
30 years$5,700$4,086$2,873$1,988$1,357$290
31 years$5,456$3,863$2,679$1,826$1,227$246
32 years$5,228$3,655$2,499$1,678$1,110$209
33 years$5,014$3,461$2,334$1,543$1,005$178
34 years$4,814$3,280$2,180$1,420$910$151
35 years$4,625$3,111$2,038$1,307$824$128
36 years$4,447$2,953$1,907$1,204$746$109
37 years$4,279$2,805$1,785$1,109$677$92
38 years$4,120$2,666$1,671$1,022$613$78
39 years$3,970$2,535$1,566$942$556$67
40 years$3,828$2,412$1,468$869$504$57
41 years$3,693$2,296$1,376$802$458$48
42 years$3,565$2,186$1,291$740$415$41
43 years$3,443$2,083$1,211$683$377$35
44 years$3,327$1,986$1,137$631$342$29
45 years$3,216$1,893$1,068$583$311$25
46 years$3,111$1,806$1,003$538$282$21
47 years$3,010$1,724$942$497$256$18
48 years$2,914$1,646$885$459$233$15
49 years$2,822$1,571$832$425$211$13
50 years$2,734$1,501$782$392$192$11

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 $4,242 every year, while hoping to spend $43,625 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: 69/22/9 Blend
29$2,800,000$2,800,000$2,800,000$2,800,000
30$3,089,976$2,941,576$2,898,176$3,297,618
31$3,358,736$3,039,296$2,948,848$3,533,519
32$3,653,449$3,140,343$2,999,755$3,785,790
33$3,976,714$3,244,833$3,050,860$4,060,589
34$4,331,396$3,352,887$3,102,121$4,360,118
35$4,720,651$3,464,631$3,153,495$4,686,801
36$5,147,955$3,580,195$3,204,935$5,043,309
37$5,617,136$3,699,715$3,256,390$5,432,577
38$6,132,413$3,823,330$3,307,808$5,857,842
39$6,698,431$3,951,185$3,359,132$6,322,664
40$7,320,309$4,083,432$3,410,301$6,830,965
41$8,003,686$4,220,225$3,461,252$7,387,063
42$8,754,774$4,361,728$3,511,915$7,995,711
43$9,580,416$4,508,108$3,562,219$8,662,146
44$10,488,152$4,659,539$3,612,087$9,392,135
45$11,486,289$4,816,202$3,661,438$10,192,028
46$12,583,979$4,978,284$3,710,185$11,068,819
47$13,791,305$5,145,980$3,758,236$12,030,212
48$15,119,377$5,319,492$3,805,496$13,084,692
49$16,580,435$5,499,028$3,851,861$14,241,606
50$18,187,966$5,684,807$3,897,225$15,511,249
51$19,956,829$5,877,053$3,941,472$16,904,961
52$21,903,397$6,076,000$3,984,483$18,435,235
53$24,045,711$6,281,892$4,026,131$20,115,833
54$26,403,648$6,494,979$4,066,281$21,961,916
55$28,999,111$6,715,524$4,104,792$23,990,184
56$31,856,233$6,943,798$4,141,516$26,219,039
57$35,001,607$7,180,082$4,176,295$28,668,750
58$38,464,534$7,424,669$4,208,964$31,361,651
59$42,277,302$7,677,863$4,239,349$34,322,347
60$46,475,488$7,939,980$4,267,269$37,577,945
61$51,098,295$8,211,346$4,292,529$41,158,312
62$56,188,921$8,492,301$4,314,929$45,096,357
63$61,794,966$8,783,199$4,334,254$49,428,334
64$67,968,884$9,084,407$4,350,283$54,194,193
65$74,768,472$9,396,305$4,362,779$59,437,949
66$82,257,421$9,719,289$4,371,497$65,208,099
67$90,505,914$10,053,770$4,376,178$71,558,079
68$99,591,287$10,400,175$4,376,551$78,546,769
69$109,598,763$10,758,948$4,372,329$86,239,046
70$120,622,249$11,130,549$4,363,215$94,706,395
71$132,765,230$11,515,458$4,348,894$104,027,585
72$146,141,740$11,914,172$4,329,039$114,289,409
73$160,877,440$12,327,208$4,303,303$125,587,506
74$177,110,801$12,755,104$4,271,327$138,027,258
75$194,994,418$13,198,419$4,232,731$151,724,787
76$214,696,440$13,657,733$4,187,119$166,808,050
77$236,402,165$14,133,650$4,134,075$183,418,045
78$260,315,784$14,626,797$4,073,166$201,710,138
79$286,662,312$15,137,828$4,003,934$221,855,536
80$315,689,706$15,667,420$3,925,905$244,042,893
81$347,671,212$16,216,279$3,838,578$268,480,096
82$382,907,937$16,785,139$3,741,433$295,396,223
83$421,731,698$17,374,762$3,633,922$325,043,706
84$464,508,148$17,985,942$3,515,475$357,700,711
85$511,640,230$18,619,504$3,385,494$393,673,763
86$563,571,980$19,276,306$3,243,354$433,300,640
87$620,792,718$19,957,242$3,088,403$476,953,556
88$683,841,669$20,663,240$2,919,958$525,042,678
89$753,313,047$21,395,266$2,737,305$578,019,994
90$829,861,671$22,154,328$2,539,698$636,383,576
91$914,209,142$22,941,470$2,326,358$700,682,285
92$1,007,150,654$23,757,782$2,096,470$771,520,949
93$1,109,562,504$24,604,396$1,849,186$849,566,069
94$1,222,410,361$25,482,494$1,583,615$935,552,109
95$1,346,758,383$26,393,301$1,298,831$1,030,288,433
96$1,483,779,261$27,338,096$993,865$1,134,666,938
97$1,634,765,292$28,318,208$667,706$1,249,670,473
98$1,801,140,575$29,335,024$319,297$1,376,382,117
99$1,984,474,458$30,389,984$0$1,515,995,402
100$2,186,496,349$31,484,589$0$1,669,830,620