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

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$233,699$231,617$229,586$227,604$225,668$224,623
2 years$115,692$113,538$111,450$109,425$107,461$106,406
3 years$76,362$74,198$72,115$70,110$68,178$67,145
4 years$56,701$54,544$52,481$50,510$48,625$47,623
5 years$44,907$42,763$40,728$38,797$36,964$35,996
6 years$37,047$34,919$32,914$31,026$29,248$28,315
7 years$31,435$29,325$27,352$25,508$23,787$22,889
8 years$27,228$25,137$23,196$21,398$19,733$18,872
9 years$23,958$21,886$19,979$18,226$16,618$15,792
10 years$21,343$19,292$17,418$15,711$14,160$13,368
11 years$19,205$17,174$15,335$13,674$12,178$11,421
12 years$17,424$15,415$13,609$11,994$10,553$9,830
13 years$15,919$13,930$12,159$10,589$9,202$8,512
14 years$14,630$12,662$10,925$9,399$8,067$7,409
15 years$13,514$11,567$9,864$8,383$7,103$6,477
16 years$12,538$10,613$8,943$7,506$6,277$5,682
17 years$11,678$9,774$8,138$6,744$5,566$5,001
18 years$10,914$9,032$7,429$6,077$4,949$4,413
19 years$10,232$8,370$6,801$5,492$4,411$3,903
20 years$9,618$7,778$6,241$4,974$3,940$3,459
21 years$9,064$7,245$5,741$4,514$3,526$3,071
22 years$8,561$6,763$5,291$4,104$3,160$2,730
23 years$8,102$6,325$4,885$3,738$2,837$2,431
24 years$7,682$5,926$4,518$3,409$2,550$2,167
25 years$7,296$5,562$4,185$3,113$2,295$1,934
26 years$6,941$5,227$3,881$2,847$2,067$1,727
27 years$6,612$4,919$3,604$2,606$1,863$1,544
28 years$6,307$4,635$3,350$2,387$1,681$1,381
29 years$6,024$4,373$3,118$2,189$1,518$1,236
30 years$5,761$4,130$2,904$2,009$1,372$1,107
31 years$5,514$3,904$2,707$1,845$1,240$992
32 years$5,284$3,694$2,526$1,696$1,122$890
33 years$5,068$3,498$2,359$1,559$1,015$798
34 years$4,865$3,316$2,204$1,435$919$716
35 years$4,674$3,145$2,060$1,321$833$642
36 years$4,495$2,985$1,927$1,216$754$577
37 years$4,325$2,835$1,804$1,121$684$518
38 years$4,165$2,694$1,689$1,033$620$465
39 years$4,013$2,562$1,583$953$562$418
40 years$3,869$2,437$1,483$879$510$376
41 years$3,733$2,320$1,391$811$463$338
42 years$3,603$2,210$1,305$748$420$303
43 years$3,480$2,105$1,224$691$381$273
44 years$3,362$2,007$1,149$638$346$245
45 years$3,251$1,914$1,079$589$314$221
46 years$3,144$1,826$1,014$544$285$198
47 years$3,042$1,742$952$503$259$178
48 years$2,945$1,663$895$464$235$160
49 years$2,852$1,588$841$429$213$144
50 years$2,763$1,517$791$397$194$130

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 $3,912 every year, while hoping to spend $34,502 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: 60/27/13 Blend
29$2,830,000$2,830,000$2,830,000$2,830,000
30$3,122,695$2,972,705$2,928,840$3,299,872
31$3,404,500$3,081,658$2,990,247$3,528,520
32$3,713,893$3,194,793$3,052,554$3,773,596
33$4,053,651$3,312,279$3,115,755$4,040,105
34$4,426,834$3,434,291$3,179,844$4,330,119
35$4,836,813$3,561,013$3,244,810$4,645,917
36$5,287,300$3,692,635$3,310,643$4,990,007
37$5,782,387$3,829,356$3,377,332$5,365,148
38$6,326,580$3,971,384$3,444,862$5,774,377
39$6,924,843$4,118,934$3,513,217$6,221,037
40$7,582,648$4,272,232$3,582,381$6,708,805
41$8,306,020$4,431,514$3,652,332$7,241,731
42$9,101,599$4,597,023$3,723,050$7,824,270
43$9,976,700$4,769,015$3,794,511$8,461,330
44$10,939,384$4,947,758$3,866,688$9,158,312
45$11,998,532$5,133,528$3,939,552$9,921,162
46$13,163,927$5,326,616$4,013,072$10,756,428
47$14,446,351$5,527,324$4,087,214$11,671,319
48$15,857,683$5,735,967$4,161,940$12,673,776
49$17,411,012$5,952,875$4,237,210$13,772,539
50$19,120,760$6,178,390$4,312,981$14,977,236
51$21,002,817$6,412,871$4,389,205$16,298,470
52$23,074,694$6,656,691$4,465,833$17,747,917
53$25,355,685$6,910,241$4,542,811$19,338,438
54$27,867,049$7,173,927$4,620,079$21,084,197
55$30,632,212$7,448,173$4,697,575$23,000,795
56$33,676,987$7,733,424$4,775,234$25,105,418
57$37,029,819$8,030,140$4,852,983$27,416,993
58$40,722,049$8,338,806$4,930,747$29,956,371
59$44,788,216$8,659,925$5,008,445$32,746,521
60$49,266,376$8,994,023$5,085,989$35,812,742
61$54,198,465$9,341,650$5,163,289$39,182,908
62$59,630,696$9,703,378$5,240,247$42,887,722
63$65,613,990$10,079,806$5,316,758$46,961,009
64$72,204,460$10,471,560$5,392,713$51,440,035
65$79,463,940$10,879,291$5,467,994$56,365,853
66$87,460,568$11,303,683$5,542,477$61,783,693
67$96,269,428$11,745,445$5,616,032$67,743,383
68$105,973,260$12,205,322$5,688,520$74,299,825
69$116,663,240$12,684,091$5,759,793$81,513,504
70$128,439,840$13,182,561$5,829,695$89,451,062
71$141,413,777$13,701,580$5,898,064$98,185,922
72$155,707,058$14,242,032$5,964,724$107,798,983
73$171,454,129$14,804,843$6,029,494$118,379,378
74$188,803,147$15,390,978$6,092,179$130,025,317
75$207,917,378$16,001,445$6,152,576$142,845,009
76$228,976,733$16,637,299$6,210,471$156,957,683
77$252,179,474$17,299,641$6,265,635$172,494,710
78$277,744,078$17,989,621$6,317,832$189,600,842
79$305,911,305$18,708,443$6,366,810$208,435,576
80$336,946,465$19,457,363$6,412,305$229,174,656
81$371,141,925$20,237,695$6,454,038$252,011,732
82$408,819,870$21,050,811$6,491,718$277,160,180
83$450,335,342$21,898,146$6,525,035$304,855,120
84$496,079,592$22,781,200$6,553,668$335,355,629
85$546,483,771$23,701,540$6,577,277$368,947,184
86$602,023,004$24,660,804$6,595,505$405,944,352
87$663,220,873$25,660,705$6,607,976$446,693,762
88$730,654,357$26,703,035$6,614,299$491,577,368
89$804,959,283$27,789,665$6,614,059$541,016,053
90$886,836,324$28,922,553$6,606,824$595,473,598
91$977,057,615$30,103,744$6,592,139$655,461,060
92$1,076,474,044$31,335,380$6,569,528$721,541,587
93$1,186,023,280$32,619,697$6,538,491$794,335,733
94$1,306,738,628$33,959,036$6,498,504$874,527,313
95$1,439,758,783$35,355,842$6,449,018$962,869,850
96$1,586,338,576$36,812,676$6,389,457$1,060,193,690
97$1,747,860,827$38,332,214$6,319,220$1,167,413,828
98$1,925,849,393$39,917,254$6,237,676$1,285,538,548
99$2,121,983,555$41,570,723$6,144,162$1,415,678,932
100$2,338,113,874$43,295,685$6,037,988$1,559,059,345