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

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$232,873$230,799$228,775$226,800$224,871$221,785
2 years$115,284$113,137$111,056$109,038$107,081$103,978
3 years$76,092$73,936$71,860$69,862$67,937$64,912
4 years$56,501$54,351$52,296$50,332$48,453$45,531
5 years$44,748$42,612$40,584$38,659$36,833$34,022
6 years$36,916$34,796$32,798$30,916$29,145$26,447
7 years$31,324$29,221$27,255$25,418$23,703$21,120
8 years$27,132$25,048$23,114$21,323$19,664$17,195
9 years$23,873$21,809$19,909$18,162$16,560$14,205
10 years$21,267$19,223$17,357$15,656$14,110$11,866
11 years$19,137$17,113$15,281$13,625$12,135$10,001
12 years$17,363$15,360$13,561$11,951$10,516$8,489
13 years$15,863$13,881$12,116$10,551$9,170$7,248
14 years$14,578$12,618$10,886$9,366$8,038$6,218
15 years$13,466$11,526$9,829$8,353$7,078$5,355
16 years$12,494$10,575$8,911$7,479$6,255$4,628
17 years$11,637$9,739$8,109$6,720$5,546$4,011
18 years$10,876$9,000$7,402$6,056$4,931$3,484
19 years$10,196$8,341$6,777$5,472$4,396$3,033
20 years$9,584$7,751$6,219$4,956$3,926$2,645
21 years$9,032$7,219$5,720$4,498$3,513$2,311
22 years$8,530$6,739$5,272$4,090$3,149$2,021
23 years$8,073$6,303$4,868$3,725$2,827$1,769
24 years$7,655$5,905$4,502$3,397$2,541$1,551
25 years$7,270$5,542$4,170$3,102$2,287$1,360
26 years$6,916$5,209$3,867$2,837$2,060$1,194
27 years$6,589$4,902$3,591$2,596$1,857$1,049
28 years$6,285$4,619$3,338$2,379$1,676$922
29 years$6,003$4,357$3,107$2,181$1,513$811
30 years$5,740$4,115$2,894$2,002$1,367$713
31 years$5,495$3,890$2,698$1,839$1,236$628
32 years$5,265$3,681$2,517$1,690$1,118$553
33 years$5,050$3,486$2,350$1,554$1,012$487
34 years$4,848$3,304$2,196$1,430$916$429
35 years$4,658$3,134$2,053$1,316$830$378
36 years$4,479$2,974$1,921$1,212$752$333
37 years$4,310$2,825$1,798$1,117$681$293
38 years$4,150$2,685$1,683$1,029$618$259
39 years$3,999$2,553$1,577$949$560$228
40 years$3,855$2,429$1,478$875$508$201
41 years$3,719$2,312$1,386$808$461$177
42 years$3,590$2,202$1,300$745$418$156
43 years$3,467$2,098$1,220$688$380$138
44 years$3,351$2,000$1,145$635$345$122
45 years$3,239$1,907$1,075$587$313$107
46 years$3,133$1,819$1,010$542$284$95
47 years$3,032$1,736$949$501$258$84
48 years$2,935$1,657$892$463$234$74
49 years$2,842$1,583$838$428$213$65
50 years$2,753$1,512$788$395$193$57

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 $4,412 every year, while hoping to spend $41,955 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: 49/41/10 Blend
29$2,820,000$2,820,000$2,820,000$2,820,000
30$3,112,191$2,962,731$2,919,021$3,256,109
31$3,384,995$3,063,265$2,972,168$3,455,760
32$3,684,218$3,167,319$3,025,690$3,667,722
33$4,012,512$3,275,021$3,079,554$3,896,989
34$4,372,796$3,386,505$3,133,727$4,145,192
35$4,768,285$3,501,908$3,188,171$4,414,122
36$5,202,522$3,621,374$3,242,847$4,705,750
37$5,679,410$3,745,051$3,297,713$5,022,243
38$6,203,246$3,873,095$3,352,723$5,365,985
39$6,778,767$4,005,666$3,407,828$5,739,595
40$7,411,189$4,142,931$3,462,978$6,145,958
41$8,106,258$4,285,063$3,518,116$6,588,247
42$8,870,308$4,432,242$3,573,184$7,069,950
43$9,710,312$4,584,655$3,628,119$7,594,910
44$10,633,957$4,742,497$3,682,854$8,167,352
45$11,649,709$4,905,967$3,737,318$8,791,929
46$12,766,897$5,075,278$3,791,436$9,473,759
47$13,995,800$5,250,645$3,845,127$10,218,479
48$15,347,740$5,432,296$3,898,308$11,032,292
49$16,835,196$5,620,465$3,950,888$11,922,027
50$18,471,916$5,815,397$4,002,773$12,895,204
51$20,273,046$6,017,346$4,053,860$13,960,100
52$22,255,276$6,226,576$4,104,044$15,125,831
53$24,436,997$6,443,361$4,153,212$16,402,434
54$26,838,472$6,667,986$4,201,246$17,800,959
55$29,482,027$6,900,749$4,248,019$19,333,580
56$32,392,265$7,141,957$4,293,398$21,013,699
57$35,596,294$7,391,930$4,337,245$22,856,077
58$39,123,984$7,651,004$4,379,411$24,876,973
59$43,008,251$7,919,523$4,419,742$27,094,293
60$47,285,361$8,197,848$4,458,072$29,527,760
61$51,995,280$8,486,355$4,494,229$32,199,097
62$57,182,046$8,785,433$4,528,033$35,132,232
63$62,894,183$9,095,489$4,559,291$38,353,525
64$69,185,166$9,416,943$4,587,803$41,892,009
65$76,113,915$9,750,236$4,613,357$45,779,669
66$83,745,361$10,095,824$4,635,731$50,051,740
67$92,151,050$10,454,182$4,654,691$54,747,035
68$101,409,825$10,825,805$4,669,991$59,908,317
69$111,608,566$11,211,207$4,681,374$65,582,692
70$122,843,008$11,610,925$4,688,569$71,822,060
71$135,218,651$12,025,516$4,691,291$78,683,598
72$148,851,746$12,455,560$4,689,243$86,230,300
73$163,870,403$12,901,661$4,682,111$94,531,569
74$180,415,790$13,364,448$4,669,567$103,663,870
75$198,643,470$13,844,575$4,651,267$113,711,452
76$218,724,870$14,342,725$4,626,850$124,767,136
77$240,848,895$14,859,607$4,595,938$136,933,194
78$265,223,714$15,395,960$4,558,134$150,322,312
79$292,078,724$15,952,553$4,513,023$165,058,647
80$321,666,714$16,530,188$4,460,169$181,279,000
81$354,266,252$17,129,701$4,399,118$199,134,105
82$390,184,313$17,751,959$4,329,392$218,790,048
83$429,759,178$18,397,870$4,250,492$240,429,831
84$473,363,625$19,068,377$4,161,894$264,255,099
85$521,408,449$19,764,462$4,063,052$290,488,042
86$574,346,341$20,487,150$3,953,394$319,373,483
87$632,676,155$21,237,508$3,832,320$351,181,193
88$696,947,625$22,016,648$3,699,205$386,208,431
89$767,766,547$22,825,728$3,553,393$424,782,745
90$845,800,503$23,665,957$3,394,200$467,265,066
91$931,785,158$24,538,593$3,220,909$514,053,105
92$1,026,531,208$25,444,947$3,032,773$565,585,111
93$1,130,932,029$26,386,388$2,829,009$622,343,997
94$1,245,972,116$27,364,341$2,608,800$684,861,898
95$1,372,736,369$28,380,291$2,371,293$753,725,191
96$1,512,420,342$29,435,788$2,115,594$829,580,027
97$1,666,341,523$30,532,448$1,840,773$913,138,421
98$1,835,951,775$31,671,955$1,545,855$1,005,184,975
99$2,022,851,041$32,856,065$1,229,826$1,106,584,278
100$2,228,802,445$34,086,611$891,624$1,218,289,060