Can I retire at age 30 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$234,525$232,436$230,397$228,408$226,466$224,101
2 years$116,101$113,939$111,843$109,812$107,841$105,459
3 years$76,632$74,460$72,370$70,357$68,419$66,094
4 years$56,901$54,736$52,667$50,689$48,797$46,547
5 years$45,066$42,914$40,872$38,934$37,094$34,927
6 years$37,178$35,042$33,030$31,136$29,352$27,269
7 years$31,546$29,429$27,448$25,598$23,871$21,873
8 years$27,324$25,226$23,278$21,474$19,803$17,890
9 years$24,042$21,964$20,050$18,291$16,677$14,849
10 years$21,418$19,360$17,480$15,767$14,210$12,465
11 years$19,273$17,235$15,389$13,722$12,221$10,558
12 years$17,486$15,469$13,657$12,036$10,590$9,008
13 years$15,975$13,980$12,202$10,626$9,235$7,731
14 years$14,682$12,707$10,963$9,433$8,095$6,667
15 years$13,561$11,608$9,899$8,412$7,128$5,774
16 years$12,582$10,650$8,974$7,532$6,300$5,017
17 years$11,719$9,808$8,166$6,768$5,586$4,373
18 years$10,953$9,063$7,455$6,099$4,966$3,821
19 years$10,268$8,400$6,825$5,511$4,427$3,345
20 years$9,652$7,806$6,263$4,991$3,954$2,935
21 years$9,096$7,271$5,761$4,530$3,538$2,579
22 years$8,591$6,787$5,310$4,119$3,172$2,269
23 years$8,131$6,348$4,903$3,751$2,847$1,999
24 years$7,709$5,947$4,534$3,421$2,559$1,763
25 years$7,322$5,581$4,199$3,124$2,303$1,556
26 years$6,965$5,245$3,895$2,857$2,074$1,375
27 years$6,635$4,937$3,617$2,615$1,870$1,215
28 years$6,330$4,652$3,362$2,396$1,687$1,075
29 years$6,046$4,388$3,129$2,197$1,524$952
30 years$5,781$4,144$2,914$2,016$1,377$843
31 years$5,534$3,918$2,717$1,852$1,245$747
32 years$5,303$3,707$2,535$1,702$1,126$662
33 years$5,086$3,511$2,367$1,565$1,019$587
34 years$4,882$3,327$2,211$1,440$923$520
35 years$4,691$3,156$2,068$1,326$836$461
36 years$4,511$2,995$1,934$1,221$757$409
37 years$4,340$2,845$1,810$1,125$686$363
38 years$4,179$2,704$1,695$1,037$622$322
39 years$4,027$2,571$1,588$956$564$286
40 years$3,883$2,446$1,489$882$512$254
41 years$3,746$2,328$1,396$813$464$226
42 years$3,616$2,217$1,309$751$421$200
43 years$3,492$2,113$1,229$693$382$178
44 years$3,374$2,014$1,153$640$347$158
45 years$3,262$1,920$1,083$591$315$140
46 years$3,155$1,832$1,017$546$286$125
47 years$3,053$1,748$956$504$260$111
48 years$2,955$1,669$898$466$236$99
49 years$2,862$1,594$844$431$214$88
50 years$2,773$1,522$794$398$195$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,840,000, adding $2,304 every year, while hoping to spend $57,997 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: 67/17/16 Blend
29$2,840,000$2,840,000$2,840,000$2,840,000
30$3,132,057$2,981,537$2,937,517$3,329,773
31$3,389,818$3,065,924$2,974,215$3,546,462
32$3,671,927$3,152,502$3,010,199$3,776,304
33$3,980,807$3,241,317$3,045,384$4,026,183
34$4,319,123$3,332,416$3,079,678$4,298,063
35$4,689,815$3,425,846$3,112,989$4,594,104
36$5,096,117$3,521,653$3,145,215$4,916,687
37$5,541,592$3,619,885$3,176,250$5,268,435
38$6,030,164$3,720,588$3,205,984$5,652,234
39$6,566,155$3,823,812$3,234,299$6,071,266
40$7,154,326$3,929,601$3,261,071$6,529,033
41$7,799,920$4,038,005$3,286,170$7,029,394
42$8,508,715$4,149,070$3,309,460$7,576,601
43$9,287,073$4,262,844$3,330,795$8,175,335
44$10,142,003$4,379,371$3,350,026$8,830,755
45$11,081,226$4,498,700$3,366,991$9,548,546
46$12,113,250$4,620,875$3,381,524$10,334,967
47$13,247,445$4,745,941$3,393,448$11,196,917
48$14,494,135$4,873,943$3,402,580$12,141,997
49$15,864,694$5,004,924$3,408,723$13,178,579
50$17,371,654$5,138,926$3,411,676$14,315,891
51$19,028,819$5,275,989$3,411,224$15,564,097
52$20,851,400$5,416,155$3,407,141$16,934,399
53$22,856,156$5,559,460$3,399,194$18,439,139
54$25,061,552$5,705,941$3,387,135$20,091,914
55$27,487,932$5,855,634$3,370,705$21,907,710
56$30,157,710$6,008,569$3,349,633$23,903,038
57$33,095,585$6,164,777$3,323,635$26,096,093
58$36,328,770$6,324,286$3,292,411$28,506,921
59$39,887,248$6,487,120$3,255,651$31,157,617
60$43,804,059$6,653,301$3,213,027$34,072,522
61$48,115,607$6,822,847$3,164,197$37,278,462
62$52,862,004$6,995,771$3,108,803$40,804,999
63$58,087,449$7,172,085$3,046,469$44,684,706
64$63,840,646$7,351,794$2,976,802$48,953,479
65$70,175,260$7,534,899$2,899,393$53,650,874
66$77,150,424$7,721,398$2,813,810$58,820,481
67$84,831,300$7,911,279$2,719,606$64,510,334
68$93,289,688$8,104,527$2,616,308$70,773,369
69$102,604,709$8,301,121$2,503,427$77,667,915
70$112,863,544$8,501,031$2,380,447$85,258,256
71$124,162,266$8,704,222$2,246,832$93,615,229
72$136,606,736$8,910,648$2,102,020$102,816,896
73$150,313,609$9,120,256$1,945,424$112,949,283
74$165,411,433$9,332,984$1,776,431$124,107,188
75$182,041,859$9,548,759$1,594,401$136,395,080
76$200,360,979$9,767,500$1,398,664$149,928,084
77$220,540,802$9,989,110$1,188,522$164,833,069
78$242,770,871$10,213,483$963,245$181,249,843
79$267,260,056$10,440,501$722,070$199,332,476
80$294,238,525$10,670,029$464,203$219,250,757
81$323,959,913$10,901,918$188,812$241,191,789
82$356,703,718$11,136,006$0$265,361,768
83$392,777,938$11,372,111$0$292,005,856
84$432,521,977$11,610,034$0$321,392,086
85$476,309,850$11,849,557$0$353,764,300
86$524,553,711$12,090,441$0$389,426,764
87$577,707,744$12,332,427$0$428,714,774
88$636,272,448$12,575,231$0$471,997,818
89$700,799,366$12,818,545$0$519,683,064
90$771,896,285$13,062,037$0$572,219,206
91$850,232,973$13,305,344$0$630,100,696
92$936,547,506$13,548,076$0$693,872,413
93$1,031,653,232$13,789,812$0$764,134,809
94$1,136,446,444$14,030,095$0$841,549,571
95$1,251,914,848$14,268,437$0$926,845,873
96$1,379,146,882$14,504,310$0$1,020,827,258
97$1,519,341,991$14,737,147$0$1,124,379,219
98$1,673,821,947$14,966,340$0$1,238,477,568
99$1,844,043,331$15,191,237$0$1,364,197,637
100$2,031,611,280$15,411,137$0$1,502,724,437