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%12.8%
1 years$232,873$230,799$228,775$226,800$224,871$222,245
2 years$115,284$113,137$111,056$109,038$107,081$104,438
3 years$76,092$73,936$71,860$69,862$67,937$65,359
4 years$56,501$54,351$52,296$50,332$48,453$45,960
5 years$44,748$42,612$40,584$38,659$36,833$34,432
6 years$36,916$34,796$32,798$30,916$29,145$26,839
7 years$31,324$29,221$27,255$25,418$23,703$21,492
8 years$27,132$25,048$23,114$21,323$19,664$17,549
9 years$23,873$21,809$19,909$18,162$16,560$14,540
10 years$21,267$19,223$17,357$15,656$14,110$12,183
11 years$19,137$17,113$15,281$13,625$12,135$10,300
12 years$17,363$15,360$13,561$11,951$10,516$8,771
13 years$15,863$13,881$12,116$10,551$9,170$7,513
14 years$14,578$12,618$10,886$9,366$8,038$6,467
15 years$13,466$11,526$9,829$8,353$7,078$5,589
16 years$12,494$10,575$8,911$7,479$6,255$4,846
17 years$11,637$9,739$8,109$6,720$5,546$4,215
18 years$10,876$9,000$7,402$6,056$4,931$3,675
19 years$10,196$8,341$6,777$5,472$4,396$3,211
20 years$9,584$7,751$6,219$4,956$3,926$2,810
21 years$9,032$7,219$5,720$4,498$3,513$2,464
22 years$8,530$6,739$5,272$4,090$3,149$2,163
23 years$8,073$6,303$4,868$3,725$2,827$1,901
24 years$7,655$5,905$4,502$3,397$2,541$1,673
25 years$7,270$5,542$4,170$3,102$2,287$1,473
26 years$6,916$5,209$3,867$2,837$2,060$1,298
27 years$6,589$4,902$3,591$2,596$1,857$1,145
28 years$6,285$4,619$3,338$2,379$1,676$1,011
29 years$6,003$4,357$3,107$2,181$1,513$892
30 years$5,740$4,115$2,894$2,002$1,367$788
31 years$5,495$3,890$2,698$1,839$1,236$697
32 years$5,265$3,681$2,517$1,690$1,118$616
33 years$5,050$3,486$2,350$1,554$1,012$545
34 years$4,848$3,304$2,196$1,430$916$482
35 years$4,658$3,134$2,053$1,316$830$426
36 years$4,479$2,974$1,921$1,212$752$377
37 years$4,310$2,825$1,798$1,117$681$334
38 years$4,150$2,685$1,683$1,029$618$296
39 years$3,999$2,553$1,577$949$560$262
40 years$3,855$2,429$1,478$875$508$232
41 years$3,719$2,312$1,386$808$461$205
42 years$3,590$2,202$1,300$745$418$182
43 years$3,467$2,098$1,220$688$380$161
44 years$3,351$2,000$1,145$635$345$143
45 years$3,239$1,907$1,075$587$313$126
46 years$3,133$1,819$1,010$542$284$112
47 years$3,032$1,736$949$501$258$99
48 years$2,935$1,657$892$463$234$88
49 years$2,842$1,583$838$428$213$78
50 years$2,753$1,512$788$395$193$69

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 $5,650 every year, while hoping to spend $47,178 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: 69/12/19 Blend
29$2,820,000$2,820,000$2,820,000$2,820,000
30$3,113,468$2,964,008$2,920,298$3,313,491
31$3,380,845$3,059,047$2,967,931$3,542,745
32$3,673,913$3,157,162$3,015,578$3,787,426
33$3,995,242$3,258,454$3,063,191$4,053,993
34$4,347,666$3,363,027$3,110,716$4,344,603
35$4,734,300$3,470,988$3,158,098$4,661,631
36$5,158,582$3,582,449$3,205,277$5,007,689
37$5,624,294$3,697,526$3,252,191$5,385,657
38$6,135,604$3,816,337$3,298,771$5,798,707
39$6,697,103$3,939,004$3,344,947$6,250,331
40$7,313,848$4,065,656$3,390,644$6,744,375
41$7,991,411$4,196,424$3,435,781$7,285,077
42$8,735,929$4,331,443$3,480,274$7,877,105
43$9,554,164$4,470,854$3,524,033$8,525,601
44$10,453,565$4,614,802$3,566,964$9,236,227
45$11,442,338$4,763,437$3,608,967$10,015,224
46$12,529,525$4,916,914$3,649,937$10,869,466
47$13,725,088$5,075,394$3,689,760$11,806,525
48$15,040,001$5,239,042$3,728,321$12,834,745
49$16,486,356$5,408,030$3,765,495$13,963,318
50$18,077,475$5,582,535$3,801,150$15,202,370
51$19,828,039$5,762,740$3,835,150$16,563,059
52$21,754,220$5,948,835$3,867,348$18,057,680
53$23,873,839$6,141,017$3,897,593$19,699,777
54$26,206,530$6,339,486$3,925,722$21,504,274
55$28,773,929$6,544,454$3,951,567$23,487,616
56$31,599,874$6,756,137$3,974,948$25,667,921
57$34,710,632$6,974,758$3,995,680$28,065,154
58$38,135,146$7,200,551$4,013,565$30,701,314
59$41,905,308$7,433,755$4,028,396$33,600,639
60$46,056,258$7,674,617$4,039,956$36,789,839
61$50,626,717$7,923,395$4,048,016$40,298,345
62$55,659,355$8,180,353$4,052,337$44,158,588
63$61,201,186$8,445,767$4,052,667$48,406,302
64$67,304,018$8,719,921$4,048,742$53,080,865
65$74,024,938$9,003,108$4,040,285$58,225,670
66$81,426,853$9,295,632$4,027,007$63,888,529
67$89,579,083$9,597,808$4,008,601$70,122,131
68$98,558,010$9,909,961$3,984,750$76,984,537
69$108,447,806$10,232,429$3,955,119$84,539,726
70$119,341,224$10,565,559$3,919,356$92,858,199
71$131,340,469$10,909,712$3,877,096$102,017,647
72$144,558,171$11,265,262$3,827,952$112,103,681
73$159,118,439$11,632,594$3,771,523$123,210,643
74$175,158,037$12,012,109$3,707,387$135,442,492
75$192,827,674$12,404,219$3,635,102$148,913,791
76$212,293,425$12,809,354$3,554,206$163,750,784
77$233,738,299$13,227,957$3,464,216$180,092,587
78$257,363,964$13,660,485$3,364,626$198,092,505
79$283,392,654$14,107,415$3,254,907$217,919,476
80$312,069,264$14,569,238$3,134,505$239,759,667
81$343,663,661$15,046,462$3,002,843$263,818,231
82$378,473,232$15,539,616$2,859,315$290,321,243
83$416,825,688$16,049,244$2,703,289$319,517,833
84$459,082,163$16,575,912$2,534,105$351,682,542
85$505,640,617$17,120,205$2,351,070$387,117,909
86$556,939,593$17,682,728$2,153,464$426,157,329
87$613,462,359$18,264,109$1,940,533$469,168,202
88$675,741,468$18,864,999$1,711,489$516,555,396
89$744,363,783$19,486,069$1,465,509$568,765,076
90$819,976,020$20,128,017$1,201,734$626,288,910
91$903,290,849$20,791,565$919,268$689,668,715
92$995,093,626$21,477,462$617,173$759,501,570
93$1,096,249,799$22,186,481$294,472$836,445,452
94$1,207,713,086$22,919,426$0$921,225,449
95$1,330,534,471$23,677,128$0$1,014,650,723
96$1,465,872,129$24,460,449$0$1,117,656,067
97$1,615,002,356$25,270,282$0$1,231,152,301
98$1,779,331,622$26,107,551$0$1,356,208,991
99$1,960,409,843$26,973,216$0$1,494,004,781
100$2,159,945,013$27,868,270$0$1,645,838,522