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 years$233,699$231,617$229,586$227,604$225,668$224,717
2 years$115,692$113,538$111,450$109,425$107,461$106,501
3 years$76,362$74,198$72,115$70,110$68,178$67,238
4 years$56,701$54,544$52,481$50,510$48,625$47,713
5 years$44,907$42,763$40,728$38,797$36,964$36,083
6 years$37,047$34,919$32,914$31,026$29,248$28,399
7 years$31,435$29,325$27,352$25,508$23,787$22,970
8 years$27,228$25,137$23,196$21,398$19,733$18,948
9 years$23,958$21,886$19,979$18,226$16,618$15,865
10 years$21,343$19,292$17,418$15,711$14,160$13,438
11 years$19,205$17,174$15,335$13,674$12,178$11,488
12 years$17,424$15,415$13,609$11,994$10,553$9,894
13 years$15,919$13,930$12,159$10,589$9,202$8,573
14 years$14,630$12,662$10,925$9,399$8,067$7,467
15 years$13,514$11,567$9,864$8,383$7,103$6,531
16 years$12,538$10,613$8,943$7,506$6,277$5,734
17 years$11,678$9,774$8,138$6,744$5,566$5,050
18 years$10,914$9,032$7,429$6,077$4,949$4,459
19 years$10,232$8,370$6,801$5,492$4,411$3,947
20 years$9,618$7,778$6,241$4,974$3,940$3,500
21 years$9,064$7,245$5,741$4,514$3,526$3,110
22 years$8,561$6,763$5,291$4,104$3,160$2,767
23 years$8,102$6,325$4,885$3,738$2,837$2,465
24 years$7,682$5,926$4,518$3,409$2,550$2,199
25 years$7,296$5,562$4,185$3,113$2,295$1,964
26 years$6,941$5,227$3,881$2,847$2,067$1,756
27 years$6,612$4,919$3,604$2,606$1,863$1,571
28 years$6,307$4,635$3,350$2,387$1,681$1,406
29 years$6,024$4,373$3,118$2,189$1,518$1,260
30 years$5,761$4,130$2,904$2,009$1,372$1,129
31 years$5,514$3,904$2,707$1,845$1,240$1,013
32 years$5,284$3,694$2,526$1,696$1,122$909
33 years$5,068$3,498$2,359$1,559$1,015$816
34 years$4,865$3,316$2,204$1,435$919$732
35 years$4,674$3,145$2,060$1,321$833$658
36 years$4,495$2,985$1,927$1,216$754$591
37 years$4,325$2,835$1,804$1,121$684$531
38 years$4,165$2,694$1,689$1,033$620$478
39 years$4,013$2,562$1,583$953$562$429
40 years$3,869$2,437$1,483$879$510$386
41 years$3,733$2,320$1,391$811$463$347
42 years$3,603$2,210$1,305$748$420$313
43 years$3,480$2,105$1,224$691$381$281
44 years$3,362$2,007$1,149$638$346$253
45 years$3,251$1,914$1,079$589$314$228
46 years$3,144$1,826$1,014$544$285$205
47 years$3,042$1,742$952$503$259$185
48 years$2,945$1,663$895$464$235$166
49 years$2,852$1,588$841$429$213$150
50 years$2,763$1,517$791$397$194$135

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 $6,282 every year, while hoping to spend $48,117 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: 46/27/27 Blend
29$2,830,000$2,830,000$2,830,000$2,830,000
30$3,125,140$2,975,150$2,931,285$3,244,360
31$3,392,708$3,069,736$2,978,287$3,423,891
32$3,685,955$3,167,344$3,025,251$3,613,407
33$4,007,451$3,268,072$3,072,124$3,818,103
34$4,360,022$3,372,019$3,118,852$4,039,428
35$4,746,787$3,479,290$3,165,376$4,278,973
36$5,171,175$3,589,992$3,211,632$4,538,492
37$5,636,968$3,704,234$3,257,555$4,819,914
38$6,148,329$3,822,132$3,303,073$5,125,361
39$6,709,846$3,943,804$3,348,113$5,457,173
40$7,326,570$4,069,370$3,392,595$5,817,922
41$8,004,068$4,198,957$3,436,435$6,210,444
42$8,748,472$4,332,695$3,479,545$6,637,857
43$9,566,537$4,470,718$3,521,830$7,103,600
44$10,465,705$4,613,164$3,563,192$7,611,454
45$11,454,174$4,760,177$3,603,527$8,165,590
46$12,540,978$4,911,903$3,642,723$8,770,595
47$13,736,068$5,068,496$3,680,664$9,431,527
48$15,050,408$5,230,114$3,717,227$10,153,953
49$16,496,078$5,396,918$3,752,283$10,944,008
50$18,086,389$5,569,078$3,785,695$11,808,447
51$19,836,004$5,746,766$3,817,319$12,754,714
52$21,761,081$5,930,162$3,847,004$13,791,009
53$23,879,422$6,119,452$3,874,590$14,926,363
54$26,210,644$6,314,826$3,899,910$16,170,728
55$28,776,360$6,516,482$3,922,787$17,535,067
56$31,600,384$6,724,625$3,943,035$19,031,458
57$34,708,956$6,939,464$3,960,460$20,673,210
58$38,130,991$7,161,220$3,974,857$22,474,983
59$41,898,348$7,390,115$3,986,010$24,452,931
60$46,046,132$7,626,383$3,993,694$26,624,854
61$50,613,025$7,870,264$3,997,671$29,010,362
62$55,641,653$8,122,006$3,997,692$31,631,064
63$61,178,983$8,381,866$3,993,496$34,510,768
64$67,276,770$8,650,108$3,984,809$37,675,710
65$73,992,043$8,927,006$3,971,343$41,154,795
66$81,387,645$9,212,843$3,952,797$44,979,876
67$89,532,824$9,507,911$3,928,854$49,186,051
68$98,503,885$9,812,512$3,899,184$53,811,995
69$108,384,914$10,126,958$3,863,439$58,900,324
70$119,268,568$10,451,571$3,821,257$64,497,998
71$131,256,948$10,786,684$3,772,255$70,656,762
72$144,462,568$11,132,642$3,716,037$77,433,639
73$159,009,408$11,489,801$3,652,183$84,891,461
74$175,034,094$11,858,527$3,580,257$93,099,470
75$192,687,179$12,239,202$3,499,803$102,133,962
76$212,134,565$12,632,217$3,410,340$112,079,018
77$233,559,074$13,037,979$3,311,370$123,027,287
78$257,162,166$13,456,906$3,202,367$135,080,868
79$283,165,846$13,889,434$3,082,785$148,352,269
80$311,814,755$14,336,009$2,952,051$162,965,471
81$343,378,482$14,797,095$2,809,567$179,057,099
82$378,154,105$15,273,170$2,654,705$196,777,709
83$416,468,999$15,764,731$2,486,813$216,293,213
84$458,683,922$16,272,288$2,305,206$237,786,441
85$505,196,422$16,796,370$2,109,171$261,458,868
86$556,444,590$17,337,525$1,897,961$287,532,519
87$612,911,192$17,896,317$1,670,796$316,252,061
88$675,128,229$18,473,332$1,426,863$347,887,114
89$743,681,956$19,069,174$1,165,312$382,734,799
90$819,218,419$19,684,467$885,253$421,122,538
91$902,449,550$20,319,858$585,762$463,411,149
92$994,159,889$20,976,015$265,869$509,998,250
93$1,095,213,987$21,653,629$0$561,322,014
94$1,206,564,571$22,353,415$0$617,887,063
95$1,329,261,536$23,076,111$0$680,286,910
96$1,464,461,853$23,822,481$0$749,031,586
97$1,613,440,496$24,593,316$0$824,767,623
98$1,777,602,471$25,389,434$0$908,207,475
99$1,958,496,086$26,211,679$0$1,000,136,247
100$2,157,827,562$27,060,926$0$1,101,419,103