Can I retire at age 30 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$232,873$230,799$228,775$226,800$224,871$218,990
2 years$115,284$113,137$111,056$109,038$107,081$101,197
3 years$76,092$73,936$71,860$69,862$67,937$62,233
4 years$56,501$54,351$52,296$50,332$48,453$42,973
5 years$44,748$42,612$40,584$38,659$36,833$31,592
6 years$36,916$34,796$32,798$30,916$29,145$24,148
7 years$31,324$29,221$27,255$25,418$23,703$18,951
8 years$27,132$25,048$23,114$21,323$19,664$15,154
9 years$23,873$21,809$19,909$18,162$16,560$12,288
10 years$21,267$19,223$17,357$15,656$14,110$10,072
11 years$19,137$17,113$15,281$13,625$12,135$8,324
12 years$17,363$15,360$13,561$11,951$10,516$6,925
13 years$15,863$13,881$12,116$10,551$9,170$5,792
14 years$14,578$12,618$10,886$9,366$8,038$4,865
15 years$13,466$11,526$9,829$8,353$7,078$4,101
16 years$12,494$10,575$8,911$7,479$6,255$3,468
17 years$11,637$9,739$8,109$6,720$5,546$2,939
18 years$10,876$9,000$7,402$6,056$4,931$2,496
19 years$10,196$8,341$6,777$5,472$4,396$2,124
20 years$9,584$7,751$6,219$4,956$3,926$1,809
21 years$9,032$7,219$5,720$4,498$3,513$1,544
22 years$8,530$6,739$5,272$4,090$3,149$1,318
23 years$8,073$6,303$4,868$3,725$2,827$1,127
24 years$7,655$5,905$4,502$3,397$2,541$964
25 years$7,270$5,542$4,170$3,102$2,287$825
26 years$6,916$5,209$3,867$2,837$2,060$706
27 years$6,589$4,902$3,591$2,596$1,857$605
28 years$6,285$4,619$3,338$2,379$1,676$519
29 years$6,003$4,357$3,107$2,181$1,513$445
30 years$5,740$4,115$2,894$2,002$1,367$381
31 years$5,495$3,890$2,698$1,839$1,236$327
32 years$5,265$3,681$2,517$1,690$1,118$281
33 years$5,050$3,486$2,350$1,554$1,012$241
34 years$4,848$3,304$2,196$1,430$916$207
35 years$4,658$3,134$2,053$1,316$830$177
36 years$4,479$2,974$1,921$1,212$752$152
37 years$4,310$2,825$1,798$1,117$681$131
38 years$4,150$2,685$1,683$1,029$618$112
39 years$3,999$2,553$1,577$949$560$96
40 years$3,855$2,429$1,478$875$508$83
41 years$3,719$2,312$1,386$808$461$71
42 years$3,590$2,202$1,300$745$418$61
43 years$3,467$2,098$1,220$688$380$52
44 years$3,351$2,000$1,145$635$345$45
45 years$3,239$1,907$1,075$587$313$39
46 years$3,133$1,819$1,010$542$284$33
47 years$3,032$1,736$949$501$258$29
48 years$2,935$1,657$892$463$234$25
49 years$2,842$1,583$838$428$213$21
50 years$2,753$1,512$788$395$193$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,820,000, adding $6,377 every year, while hoping to spend $42,803 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: 63/22/15 Blend
29$2,820,000$2,820,000$2,820,000$2,820,000
30$3,114,218$2,964,758$2,921,048$3,298,593
31$3,386,326$3,064,489$2,973,361$3,522,805
32$3,684,755$3,167,672$3,025,992$3,762,079
33$4,012,143$3,274,432$3,078,906$4,022,331
34$4,371,399$3,384,896$3,132,067$4,305,604
35$4,765,725$3,499,199$3,185,434$4,614,147
36$5,198,647$3,617,478$3,238,965$4,950,433
37$5,674,053$3,739,878$3,292,613$5,317,186
38$6,196,222$3,866,548$3,346,331$5,717,406
39$6,769,869$3,997,642$3,400,067$6,154,394
40$7,400,191$4,133,321$3,453,763$6,631,784
41$8,092,908$4,273,752$3,507,363$7,153,580
42$8,854,327$4,419,107$3,560,801$7,724,188
43$9,691,392$4,569,568$3,614,012$8,348,463
44$10,611,756$4,725,319$3,666,924$9,031,749
45$11,623,851$4,886,555$3,719,462$9,779,933
46$12,736,965$5,053,478$3,771,545$10,599,497
47$13,961,332$5,226,295$3,823,088$11,497,582
48$15,308,229$5,405,224$3,874,002$12,482,053
49$16,790,078$5,590,490$3,924,191$13,561,573
50$18,420,569$5,782,327$3,973,554$14,745,683
51$20,214,784$5,980,977$4,021,985$16,044,894
52$22,189,341$6,186,695$4,069,371$17,470,785
53$24,362,552$6,399,740$4,115,593$19,036,111
54$26,754,591$6,620,387$4,160,525$20,754,922
55$29,387,691$6,848,918$4,204,034$22,642,698
56$32,286,348$7,085,627$4,245,981$24,716,492
57$35,477,553$7,330,820$4,286,219$26,995,090
58$38,991,047$7,584,814$4,324,591$29,499,191
59$42,859,603$7,847,939$4,360,934$32,251,599
60$47,119,334$8,120,539$4,395,077$35,277,437
61$51,810,030$8,402,970$4,426,836$38,604,385
62$56,975,541$8,695,603$4,456,022$42,262,942
63$62,664,181$8,998,822$4,482,434$46,286,709
64$68,929,192$9,313,029$4,505,860$50,712,710
65$75,829,242$9,638,641$4,526,079$55,581,737
66$83,428,980$9,976,089$4,542,858$60,938,738
67$91,799,643$10,325,824$4,555,951$66,833,236
68$101,019,732$10,688,315$4,565,101$73,319,800
69$111,175,751$11,064,049$4,570,038$80,458,557
70$122,363,022$11,453,532$4,570,478$88,315,758
71$134,686,586$11,857,290$4,566,125$96,964,405
72$148,262,193$12,275,873$4,556,666$106,484,938
73$163,217,396$12,709,850$4,541,773$116,965,991
74$179,692,752$13,159,815$4,521,105$128,505,233
75$197,843,151$13,626,383$4,494,300$141,210,284
76$217,839,275$14,110,199$4,460,981$155,199,732
77$239,869,211$14,611,929$4,420,755$170,604,253
78$264,140,227$15,132,270$4,373,206$187,567,839
79$290,880,723$15,671,944$4,317,902$206,249,162
80$320,342,393$16,231,706$4,254,387$226,823,066
81$352,802,596$16,812,338$4,182,189$249,482,217
82$388,566,976$17,414,658$4,100,807$274,438,925
83$427,972,347$18,039,515$4,009,723$301,927,140
84$471,389,868$18,687,794$3,908,391$332,204,665
85$519,228,554$19,360,414$3,796,241$365,555,587
86$571,939,128$20,058,337$3,672,677$402,292,954
87$630,018,282$20,782,559$3,537,075$442,761,734
88$694,013,364$21,534,121$3,388,783$487,342,068
89$764,527,540$22,314,105$3,227,121$536,452,856
90$842,225,493$23,123,641$3,051,374$590,555,711
91$927,839,697$23,963,902$2,860,798$650,159,315
92$1,022,177,325$24,836,113$2,654,614$715,824,221
93$1,126,127,879$25,741,549$2,432,010$788,168,141
94$1,240,671,576$26,681,538$2,192,135$867,871,778
95$1,366,888,607$27,657,464$1,934,102$955,685,247
96$1,505,969,334$28,670,769$1,656,984$1,052,435,159
97$1,659,225,525$29,722,956$1,359,812$1,159,032,419
98$1,828,102,738$30,815,590$1,041,575$1,276,480,826
99$2,014,193,968$31,950,304$701,218$1,405,886,546
100$2,219,254,682$33,128,799$337,639$1,548,468,553