Can I retire at age 30 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$233,699$231,617$229,586$227,604$225,668$218,182
2 years$115,692$113,538$111,450$109,425$107,461$99,992
3 years$76,362$74,198$72,115$70,110$68,178$60,960
4 years$56,701$54,544$52,481$50,510$48,625$41,713
5 years$44,907$42,763$40,728$38,797$36,964$30,377
6 years$37,047$34,919$32,914$31,026$29,248$22,992
7 years$31,435$29,325$27,352$25,508$23,787$17,859
8 years$27,228$25,137$23,196$21,398$19,733$14,131
9 years$23,958$21,886$19,979$18,226$16,618$11,334
10 years$21,343$19,292$17,418$15,711$14,160$9,185
11 years$19,205$17,174$15,335$13,674$12,178$7,504
12 years$17,424$15,415$13,609$11,994$10,553$6,169
13 years$15,919$13,930$12,159$10,589$9,202$5,097
14 years$14,630$12,662$10,925$9,399$8,067$4,229
15 years$13,514$11,567$9,864$8,383$7,103$3,520
16 years$12,538$10,613$8,943$7,506$6,277$2,938
17 years$11,678$9,774$8,138$6,744$5,566$2,457
18 years$10,914$9,032$7,429$6,077$4,949$2,059
19 years$10,232$8,370$6,801$5,492$4,411$1,728
20 years$9,618$7,778$6,241$4,974$3,940$1,453
21 years$9,064$7,245$5,741$4,514$3,526$1,222
22 years$8,561$6,763$5,291$4,104$3,160$1,029
23 years$8,102$6,325$4,885$3,738$2,837$867
24 years$7,682$5,926$4,518$3,409$2,550$731
25 years$7,296$5,562$4,185$3,113$2,295$617
26 years$6,941$5,227$3,881$2,847$2,067$521
27 years$6,612$4,919$3,604$2,606$1,863$440
28 years$6,307$4,635$3,350$2,387$1,681$371
29 years$6,024$4,373$3,118$2,189$1,518$314
30 years$5,761$4,130$2,904$2,009$1,372$265
31 years$5,514$3,904$2,707$1,845$1,240$224
32 years$5,284$3,694$2,526$1,696$1,122$189
33 years$5,068$3,498$2,359$1,559$1,015$160
34 years$4,865$3,316$2,204$1,435$919$135
35 years$4,674$3,145$2,060$1,321$833$114
36 years$4,495$2,985$1,927$1,216$754$97
37 years$4,325$2,835$1,804$1,121$684$82
38 years$4,165$2,694$1,689$1,033$620$69
39 years$4,013$2,562$1,583$953$562$59
40 years$3,869$2,437$1,483$879$510$50
41 years$3,733$2,320$1,391$811$463$42
42 years$3,603$2,210$1,305$748$420$35
43 years$3,480$2,105$1,224$691$381$30
44 years$3,362$2,007$1,149$638$346$25
45 years$3,251$1,914$1,079$589$314$21
46 years$3,144$1,826$1,014$544$285$18
47 years$3,042$1,742$952$503$259$15
48 years$2,945$1,663$895$464$235$13
49 years$2,852$1,588$841$429$213$11
50 years$2,763$1,517$791$397$194$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,830,000, adding $2,089 every year, while hoping to spend $56,217 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: 22/49/29 Blend
29$2,830,000$2,830,000$2,830,000$2,830,000
30$3,120,815$2,970,825$2,926,960$3,160,777
31$3,379,323$3,056,581$2,965,199$3,282,470
32$3,662,316$3,144,655$3,002,834$3,407,735
33$3,972,230$3,235,101$3,039,787$3,540,546
34$4,311,751$3,327,974$3,075,973$3,681,555
35$4,683,834$3,423,330$3,111,303$3,831,482
36$5,091,738$3,521,225$3,145,684$3,991,118
37$5,539,047$3,621,717$3,179,017$4,161,331
38$6,029,712$3,724,864$3,211,196$4,343,079
39$6,568,085$3,830,724$3,242,113$4,537,412
40$7,158,956$3,939,356$3,271,651$4,745,490
41$7,807,606$4,050,821$3,299,687$4,968,585
42$8,519,848$4,165,177$3,326,093$5,208,100
43$9,302,089$4,282,488$3,350,734$5,465,579
44$10,161,385$4,402,812$3,373,466$5,742,722
45$11,105,510$4,526,213$3,394,140$6,041,400
46$12,143,026$4,652,752$3,412,599$6,363,673
47$13,283,369$4,782,491$3,428,675$6,711,812
48$14,536,932$4,915,493$3,442,195$7,088,316
49$15,915,166$5,051,819$3,452,976$7,495,938
50$17,430,688$5,191,533$3,460,825$7,937,713
51$19,097,396$5,334,696$3,465,541$8,416,981
52$20,930,605$5,481,371$3,466,911$8,937,424
53$22,947,187$5,631,618$3,464,713$9,503,097
54$25,165,733$5,785,501$3,458,714$10,118,470
55$27,606,726$5,943,078$3,448,668$10,788,466
56$30,292,734$6,104,411$3,434,320$11,518,510
57$33,248,623$6,269,557$3,415,400$12,314,582
58$36,501,793$6,438,576$3,391,627$13,183,270
59$40,082,433$6,611,523$3,362,704$14,131,833
60$44,023,809$6,788,455$3,328,322$15,168,272
61$48,362,573$6,969,425$3,288,156$16,301,404
62$53,139,114$7,154,486$3,241,868$17,540,947
63$58,397,934$7,343,686$3,189,101$18,897,608
64$64,188,070$7,537,074$3,129,483$20,383,189
65$70,563,557$7,734,695$3,062,625$22,010,697
66$77,583,936$7,936,590$2,988,118$23,794,467
67$85,314,814$8,142,800$2,905,537$25,750,298
68$93,828,488$8,353,360$2,814,435$27,895,601
69$103,204,620$8,568,301$2,714,345$30,249,567
70$113,530,995$8,787,651$2,604,779$32,833,347
71$124,904,345$9,011,434$2,485,228$35,670,252
72$137,431,261$9,239,668$2,355,156$38,785,974
73$151,229,204$9,472,366$2,214,008$42,208,829
74$166,427,605$9,709,534$2,061,199$45,970,027
75$183,169,093$9,951,174$1,896,122$50,103,964
76$201,610,838$10,197,279$1,718,140$54,648,551
77$221,926,034$10,447,835$1,526,588$59,645,572
78$244,305,533$10,702,823$1,320,772$65,141,078
79$268,959,646$10,962,210$1,099,967$71,185,825
80$296,120,130$11,225,958$863,415$77,835,753
81$326,042,371$11,494,018$610,328$85,152,516
82$359,007,797$11,766,330$339,878$93,204,066
83$395,326,534$12,042,821$51,206$102,065,295
84$435,340,330$12,323,409$0$111,818,745
85$479,425,783$12,607,996$0$122,634,867
86$527,997,897$12,896,471$0$134,556,520
87$581,513,992$13,188,707$0$147,678,648
88$640,478,028$13,484,563$0$162,123,356
89$705,445,359$13,783,879$0$178,025,199
90$777,027,973$14,086,477$0$195,532,453
91$855,900,270$14,392,157$0$214,808,516
92$942,805,428$14,700,703$0$236,033,447
93$1,038,562,416$15,011,873$0$259,405,673
94$1,144,073,729$15,325,401$0$285,143,853
95$1,260,333,901$15,640,997$0$313,488,951
96$1,388,438,897$15,958,344$0$344,706,505
97$1,529,596,457$16,277,095$0$379,089,141
98$1,685,137,497$16,596,874$0$416,959,326
99$1,856,528,673$16,917,272$0$458,672,425
100$2,045,386,224$17,237,845$0$504,620,046