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%14.3%
1 years$231,221$229,162$227,152$225,191$223,276$219,306
2 years$114,466$112,334$110,268$108,265$106,322$102,336
3 years$75,553$73,412$71,351$69,366$67,455$63,577
4 years$56,100$53,965$51,925$49,975$48,109$44,370
5 years$44,431$42,309$40,296$38,385$36,572$32,981
6 years$36,655$34,549$32,565$30,697$28,938$25,500
7 years$31,102$29,014$27,062$25,238$23,535$20,249
8 years$26,940$24,870$22,951$21,171$19,524$16,392
9 years$23,704$21,654$19,767$18,033$16,442$13,461
10 years$21,117$19,087$17,234$15,545$14,010$11,177
11 years$19,001$16,992$15,172$13,529$12,049$9,361
12 years$17,240$15,251$13,465$11,866$10,441$7,895
13 years$15,750$13,783$12,030$10,476$9,105$6,696
14 years$14,475$12,528$10,809$9,300$7,981$5,706
15 years$13,370$11,445$9,759$8,294$7,027$4,881
16 years$12,405$10,500$8,848$7,426$6,211$4,189
17 years$11,554$9,670$8,051$6,672$5,507$3,605
18 years$10,799$8,936$7,350$6,013$4,896$3,109
19 years$10,123$8,282$6,728$5,433$4,364$2,687
20 years$9,516$7,696$6,175$4,921$3,898$2,326
21 years$8,968$7,168$5,680$4,466$3,489$2,016
22 years$8,470$6,691$5,235$4,061$3,127$1,750
23 years$8,016$6,258$4,833$3,698$2,807$1,520
24 years$7,601$5,864$4,470$3,373$2,523$1,322
25 years$7,219$5,503$4,140$3,080$2,270$1,150
26 years$6,867$5,172$3,840$2,816$2,045$1,002
27 years$6,542$4,867$3,566$2,578$1,844$873
28 years$6,241$4,586$3,315$2,362$1,664$761
29 years$5,961$4,327$3,085$2,166$1,502$664
30 years$5,700$4,086$2,873$1,988$1,357$579
31 years$5,456$3,863$2,679$1,826$1,227$506
32 years$5,228$3,655$2,499$1,678$1,110$442
33 years$5,014$3,461$2,334$1,543$1,005$386
34 years$4,814$3,280$2,180$1,420$910$337
35 years$4,625$3,111$2,038$1,307$824$294
36 years$4,447$2,953$1,907$1,204$746$257
37 years$4,279$2,805$1,785$1,109$677$225
38 years$4,120$2,666$1,671$1,022$613$196
39 years$3,970$2,535$1,566$942$556$172
40 years$3,828$2,412$1,468$869$504$150
41 years$3,693$2,296$1,376$802$458$131
42 years$3,565$2,186$1,291$740$415$115
43 years$3,443$2,083$1,211$683$377$100
44 years$3,327$1,986$1,137$631$342$88
45 years$3,216$1,893$1,068$583$311$77
46 years$3,111$1,806$1,003$538$282$67
47 years$3,010$1,724$942$497$256$59
48 years$2,914$1,646$885$459$233$51
49 years$2,822$1,571$832$425$211$45
50 years$2,734$1,501$782$392$192$39

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 $5,507 every year, while hoping to spend $46,767 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: 44/34/22 Blend
29$2,800,000$2,800,000$2,800,000$2,800,000
30$3,091,280$2,942,880$2,899,480$3,207,371
31$3,356,831$3,037,322$2,946,853$3,384,407
32$3,647,901$3,134,824$2,994,246$3,571,199
33$3,967,043$3,235,486$3,041,609$3,772,727
34$4,317,070$3,339,413$3,088,891$3,990,380
35$4,701,079$3,446,712$3,136,037$4,225,686
36$5,122,482$3,557,495$3,182,988$4,480,325
37$5,585,039$3,671,875$3,229,681$4,756,147
38$6,092,888$3,789,972$3,276,051$5,055,187
39$6,650,590$3,911,909$3,322,026$5,379,683
40$7,263,169$4,037,811$3,367,533$5,732,100
41$7,936,159$4,167,811$3,412,492$6,115,150
42$8,675,657$4,302,043$3,456,820$6,531,819
43$9,488,379$4,440,648$3,500,428$6,985,394
44$10,381,724$4,583,770$3,543,223$7,479,492
45$11,363,845$4,731,560$3,585,106$8,018,098
46$12,443,722$4,884,171$3,625,972$8,605,598
47$13,631,251$5,041,765$3,665,711$9,246,822
48$14,937,333$5,204,506$3,704,207$9,947,088
49$16,373,980$5,372,566$3,741,338$10,712,255
50$17,954,426$5,546,121$3,776,972$11,548,773
51$19,693,252$5,725,355$3,810,975$12,463,746
52$21,606,523$5,910,457$3,843,202$13,465,000
53$23,711,942$6,101,623$3,873,503$14,561,154
54$26,029,012$6,299,055$3,901,717$15,761,700
55$28,579,225$6,502,962$3,927,679$17,077,095
56$31,386,260$6,713,561$3,951,210$18,518,860
57$34,476,209$6,931,076$3,972,126$20,099,684
58$37,877,822$7,155,739$3,990,232$21,833,545
59$41,622,778$7,387,789$4,005,323$23,735,843
60$45,745,985$7,627,474$4,017,185$25,823,544
61$50,285,906$7,875,050$4,025,591$28,115,338
62$55,284,924$8,130,784$4,030,304$30,631,818
63$60,789,743$8,394,949$4,031,076$33,395,669
64$66,851,825$8,667,829$4,027,645$36,431,888
65$73,527,877$8,949,718$4,019,737$39,768,014
66$80,880,387$9,240,921$4,007,064$43,434,388
67$88,978,212$9,541,752$3,989,327$47,464,442
68$97,897,228$9,852,536$3,966,208$51,895,013
69$107,721,046$10,173,611$3,937,376$56,766,685
70$118,541,799$10,505,325$3,902,485$62,124,179
71$130,461,016$10,848,039$3,861,171$68,016,769
72$143,590,573$11,202,126$3,813,054$74,498,750
73$158,053,754$11,567,973$3,757,735$81,629,948
74$173,986,414$11,945,981$3,694,796$89,476,284
75$191,538,258$12,336,563$3,623,800$98,110,394
76$210,874,254$12,740,149$3,544,291$107,612,320
77$232,176,193$13,157,181$3,455,790$118,070,256
78$255,644,402$13,588,120$3,357,797$129,581,389
79$281,499,635$14,033,442$3,249,787$142,252,809
80$309,985,155$14,493,639$3,131,213$156,202,520
81$341,369,035$14,969,221$3,001,502$171,560,558
82$375,946,680$15,460,716$2,860,056$188,470,212
83$414,043,622$15,968,672$2,706,249$207,089,379
84$456,018,590$16,493,655$2,539,426$227,592,053
85$502,266,893$17,036,251$2,358,903$250,169,966
86$553,224,157$17,597,068$2,163,968$275,034,399
87$609,370,432$18,176,736$1,953,872$302,418,175
88$671,234,726$18,775,905$1,727,836$332,577,853
89$739,399,995$19,395,252$1,485,046$365,796,155
90$814,508,652$20,035,476$1,224,652$402,384,629
91$897,268,621$20,697,302$945,765$442,686,592
92$988,460,030$21,381,479$647,457$487,080,370
93$1,088,942,568$22,088,786$328,762$535,982,866
94$1,199,663,603$22,820,030$0$589,853,498
95$1,321,667,123$23,576,044$0$649,201,198
96$1,456,103,595$24,357,695$0$714,663,730
97$1,604,240,819$25,165,880$0$786,778,889
98$1,767,475,901$26,001,527$0$866,224,434
99$1,947,348,441$26,865,600$0$953,747,228
100$2,145,555,065$27,759,097$0$1,050,170,284