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%11.2%
1 years$234,525$232,436$230,397$228,408$226,466$225,322
2 years$116,101$113,939$111,843$109,812$107,841$106,686
3 years$76,632$74,460$72,370$70,357$68,419$67,289
4 years$56,901$54,736$52,667$50,689$48,797$47,701
5 years$45,066$42,914$40,872$38,934$37,094$36,036
6 years$37,178$35,042$33,030$31,136$29,352$28,332
7 years$31,546$29,429$27,448$25,598$23,871$22,890
8 years$27,324$25,226$23,278$21,474$19,803$18,861
9 years$24,042$21,964$20,050$18,291$16,677$15,774
10 years$21,418$19,360$17,480$15,767$14,210$13,345
11 years$19,273$17,235$15,389$13,722$12,221$11,394
12 years$17,486$15,469$13,657$12,036$10,590$9,801
13 years$15,975$13,980$12,202$10,626$9,235$8,482
14 years$14,682$12,707$10,963$9,433$8,095$7,378
15 years$13,561$11,608$9,899$8,412$7,128$6,445
16 years$12,582$10,650$8,974$7,532$6,300$5,651
17 years$11,719$9,808$8,166$6,768$5,586$4,969
18 years$10,953$9,063$7,455$6,099$4,966$4,382
19 years$10,268$8,400$6,825$5,511$4,427$3,873
20 years$9,652$7,806$6,263$4,991$3,954$3,430
21 years$9,096$7,271$5,761$4,530$3,538$3,043
22 years$8,591$6,787$5,310$4,119$3,172$2,703
23 years$8,131$6,348$4,903$3,751$2,847$2,405
24 years$7,709$5,947$4,534$3,421$2,559$2,142
25 years$7,322$5,581$4,199$3,124$2,303$1,910
26 years$6,965$5,245$3,895$2,857$2,074$1,705
27 years$6,635$4,937$3,617$2,615$1,870$1,523
28 years$6,330$4,652$3,362$2,396$1,687$1,361
29 years$6,046$4,388$3,129$2,197$1,524$1,217
30 years$5,781$4,144$2,914$2,016$1,377$1,090
31 years$5,534$3,918$2,717$1,852$1,245$976
32 years$5,303$3,707$2,535$1,702$1,126$874
33 years$5,086$3,511$2,367$1,565$1,019$783
34 years$4,882$3,327$2,211$1,440$923$702
35 years$4,691$3,156$2,068$1,326$836$630
36 years$4,511$2,995$1,934$1,221$757$565
37 years$4,340$2,845$1,810$1,125$686$507
38 years$4,179$2,704$1,695$1,037$622$455
39 years$4,027$2,571$1,588$956$564$408
40 years$3,883$2,446$1,489$882$512$367
41 years$3,746$2,328$1,396$813$464$329
42 years$3,616$2,217$1,309$751$421$296
43 years$3,492$2,113$1,229$693$382$265
44 years$3,374$2,014$1,153$640$347$239
45 years$3,262$1,920$1,083$591$315$214
46 years$3,155$1,832$1,017$546$286$193
47 years$3,053$1,748$956$504$260$173
48 years$2,955$1,669$898$466$236$155
49 years$2,862$1,594$844$431$214$140
50 years$2,773$1,522$794$398$195$126

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 $4,245 every year, while hoping to spend $44,750 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: 41/45/14 Blend
29$2,840,000$2,840,000$2,840,000$2,840,000
30$3,134,059$2,983,539$2,939,519$3,249,429
31$3,406,119$3,082,118$2,990,379$3,429,809
32$3,704,430$3,184,029$3,041,443$3,620,190
33$4,031,621$3,289,386$3,092,671$3,825,273
34$4,390,590$3,398,309$3,144,019$4,046,419
35$4,784,528$3,510,924$3,195,441$4,285,121
36$5,216,949$3,627,359$3,246,888$4,543,021
37$5,691,726$3,747,748$3,298,307$4,821,924
38$6,213,124$3,872,229$3,349,642$5,123,815
39$6,785,841$4,000,946$3,400,833$5,450,875
40$7,415,052$4,134,049$3,451,817$5,805,505
41$8,106,461$4,271,690$3,502,526$6,190,344
42$8,866,348$4,414,031$3,552,889$6,608,296
43$9,701,634$4,561,237$3,602,829$7,062,554
44$10,619,943$4,713,480$3,652,266$7,556,633
45$11,629,675$4,870,938$3,701,115$8,094,400
46$12,740,084$5,033,796$3,749,285$8,680,110
47$13,961,367$5,202,247$3,796,680$9,318,449
48$15,304,757$5,376,487$3,843,199$10,014,569
49$16,782,632$5,556,725$3,888,736$10,774,147
50$18,408,629$5,743,173$3,933,177$11,603,427
51$20,197,773$5,936,053$3,976,403$12,509,288
52$22,166,622$6,135,596$4,018,289$13,499,299
53$24,333,417$6,342,039$4,058,701$14,581,796
54$26,718,257$6,555,631$4,097,499$15,765,958
55$29,343,291$6,776,628$4,134,536$17,061,890
56$32,232,920$7,005,296$4,169,657$18,480,724
57$35,414,035$7,241,913$4,202,698$20,034,714
58$38,916,265$7,486,765$4,233,486$21,737,359
59$42,772,257$7,740,149$4,261,841$23,603,523
60$47,017,985$8,002,375$4,287,571$25,649,580
61$51,693,092$8,273,763$4,310,477$27,893,563
62$56,841,256$8,554,647$4,330,346$30,355,333
63$62,510,611$8,845,371$4,346,959$33,056,770
64$68,754,193$9,146,294$4,360,082$36,021,972
65$75,630,447$9,457,788$4,369,471$39,277,486
66$83,203,773$9,780,241$4,374,869$42,852,557
67$91,545,138$10,114,053$4,376,008$46,779,397
68$100,732,741$10,459,641$4,372,603$51,093,497
69$110,852,755$10,817,437$4,364,360$55,833,950
70$122,000,137$11,187,892$4,350,966$61,043,830
71$134,279,524$11,571,472$4,332,097$66,770,586
72$147,806,223$11,968,662$4,307,409$73,066,496
73$162,707,296$12,379,964$4,276,546$79,989,155
74$179,122,761$12,805,903$4,239,131$87,602,019
75$197,206,911$13,247,022$4,194,771$95,975,002
76$217,129,775$13,703,884$4,143,054$105,185,132
77$239,078,715$14,177,078$4,083,550$115,317,279
78$263,260,201$14,667,211$4,015,805$126,464,951
79$289,901,754$15,174,918$3,939,348$138,731,180
80$319,254,101$15,700,856$3,853,684$152,229,487
81$351,593,531$16,245,710$3,758,294$167,084,955
82$387,224,512$16,810,191$3,652,638$183,435,405
83$426,482,559$17,395,037$3,536,148$201,432,698
84$469,737,402$18,001,016$3,408,231$221,244,161
85$517,396,479$18,628,928$3,268,269$243,054,172
86$569,908,776$19,279,601$3,115,612$267,065,890
87$627,769,070$19,953,901$2,949,584$293,503,174
88$691,522,597$20,652,723$2,769,476$322,612,696
89$761,770,197$21,377,002$2,574,549$354,666,261
90$839,173,990$22,127,708$2,364,029$389,963,374
91$924,463,621$22,905,850$2,137,108$428,834,065
92$1,018,443,152$23,712,478$1,892,943$471,641,999
93$1,121,998,649$24,548,685$1,630,652$518,787,906
94$1,236,106,547$25,415,606$1,349,315$570,713,363
95$1,361,842,867$26,314,424$1,047,970$627,904,958
96$1,500,393,377$27,246,367$725,613$690,898,880
97$1,653,064,777$28,212,715$381,198$760,285,975
98$1,821,297,046$29,214,800$13,629$836,717,326
99$2,006,677,026$30,254,006$0$920,910,389
100$2,210,953,406$31,331,776$0$1,013,712,324