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

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$234,525$232,436$230,397$228,408$226,466$218,344
2 years$116,101$113,939$111,843$109,812$107,841$99,746
3 years$76,632$74,460$72,370$70,357$68,419$60,605
4 years$56,901$54,736$52,667$50,689$48,797$41,324
5 years$45,066$42,914$40,872$38,934$37,094$29,983
6 years$37,178$35,042$33,030$31,136$29,352$22,606
7 years$31,546$29,429$27,448$25,598$23,871$17,490
8 years$27,324$25,226$23,278$21,474$19,803$13,781
9 years$24,042$21,964$20,050$18,291$16,677$11,006
10 years$21,418$19,360$17,480$15,767$14,210$8,880
11 years$19,273$17,235$15,389$13,722$12,221$7,222
12 years$17,486$15,469$13,657$12,036$10,590$5,909
13 years$15,975$13,980$12,202$10,626$9,235$4,859
14 years$14,682$12,707$10,963$9,433$8,095$4,012
15 years$13,561$11,608$9,899$8,412$7,128$3,323
16 years$12,582$10,650$8,974$7,532$6,300$2,759
17 years$11,719$9,808$8,166$6,768$5,586$2,296
18 years$10,953$9,063$7,455$6,099$4,966$1,914
19 years$10,268$8,400$6,825$5,511$4,427$1,598
20 years$9,652$7,806$6,263$4,991$3,954$1,336
21 years$9,096$7,271$5,761$4,530$3,538$1,118
22 years$8,591$6,787$5,310$4,119$3,172$936
23 years$8,131$6,348$4,903$3,751$2,847$785
24 years$7,709$5,947$4,534$3,421$2,559$658
25 years$7,322$5,581$4,199$3,124$2,303$552
26 years$6,965$5,245$3,895$2,857$2,074$463
27 years$6,635$4,937$3,617$2,615$1,870$389
28 years$6,330$4,652$3,362$2,396$1,687$327
29 years$6,046$4,388$3,129$2,197$1,524$274
30 years$5,781$4,144$2,914$2,016$1,377$230
31 years$5,534$3,918$2,717$1,852$1,245$194
32 years$5,303$3,707$2,535$1,702$1,126$163
33 years$5,086$3,511$2,367$1,565$1,019$137
34 years$4,882$3,327$2,211$1,440$923$115
35 years$4,691$3,156$2,068$1,326$836$97
36 years$4,511$2,995$1,934$1,221$757$81
37 years$4,340$2,845$1,810$1,125$686$68
38 years$4,179$2,704$1,695$1,037$622$57
39 years$4,027$2,571$1,588$956$564$48
40 years$3,883$2,446$1,489$882$512$41
41 years$3,746$2,328$1,396$813$464$34
42 years$3,616$2,217$1,309$751$421$29
43 years$3,492$2,113$1,229$693$382$24
44 years$3,374$2,014$1,153$640$347$20
45 years$3,262$1,920$1,083$591$315$17
46 years$3,155$1,832$1,017$546$286$14
47 years$3,053$1,748$956$504$260$12
48 years$2,955$1,669$898$466$236$10
49 years$2,862$1,594$844$431$214$9
50 years$2,773$1,522$794$398$195$7

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 $2,022 every year, while hoping to spend $36,368 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: 62/14/24 Blend
29$2,840,000$2,840,000$2,840,000$2,840,000
30$3,131,766$2,981,246$2,937,226$3,305,960
31$3,412,511$3,088,631$2,996,927$3,531,542
32$3,720,672$3,200,060$3,057,410$3,773,552
33$4,059,010$3,315,692$3,118,662$4,036,990
34$4,430,560$3,435,692$3,180,669$4,323,953
35$4,838,671$3,560,235$3,243,415$4,636,750
36$5,287,030$3,689,501$3,306,884$4,977,920
37$5,779,697$3,823,677$3,371,055$5,350,264
38$6,321,149$3,962,959$3,435,908$5,756,861
39$6,916,314$4,107,552$3,501,419$6,201,104
40$7,570,624$4,257,668$3,567,562$6,686,729
41$8,290,062$4,413,528$3,634,310$7,217,850
42$9,081,221$4,575,364$3,701,631$7,798,997
43$9,951,363$4,743,414$3,769,494$8,435,159
44$10,908,491$4,917,931$3,837,861$9,131,833
45$11,961,423$5,099,175$3,906,695$9,895,072
46$13,119,872$5,287,418$3,975,953$10,731,541
47$14,394,541$5,482,944$4,045,590$11,648,586
48$15,797,225$5,686,049$4,115,558$12,654,295
49$17,340,917$5,897,041$4,185,805$13,757,579
50$19,039,936$6,116,241$4,256,274$14,968,254
51$20,910,058$6,343,985$4,326,908$16,297,134
52$22,968,665$6,580,622$4,397,641$17,756,131
53$25,234,913$6,826,516$4,468,405$19,358,369
54$27,729,906$7,082,048$4,539,129$21,118,307
55$30,476,901$7,347,613$4,609,735$23,051,872
56$33,501,524$7,623,625$4,680,139$25,176,614
57$36,832,012$7,910,514$4,750,256$27,511,868
58$40,499,479$8,208,732$4,819,992$30,078,935
59$44,538,212$8,518,746$4,889,248$32,901,286
60$48,985,991$8,841,046$4,957,919$36,004,779
61$53,884,447$9,176,142$5,025,894$39,417,907
62$59,279,455$9,524,568$5,093,056$43,172,063
63$65,221,566$9,886,878$5,159,280$47,301,835
64$71,766,484$10,263,653$5,224,434$51,845,336
65$78,975,592$10,655,498$5,288,379$56,844,559
66$86,916,529$11,063,045$5,350,967$62,345,775
67$95,663,834$11,486,952$5,412,043$68,399,969
68$105,299,640$11,927,909$5,471,442$75,063,321
69$115,914,459$12,386,632$5,528,991$82,397,732
70$127,608,029$12,863,871$5,584,507$90,471,414
71$140,490,257$13,360,410$5,637,796$99,359,526
72$154,682,257$13,877,065$5,688,657$109,144,889
73$170,317,495$14,414,688$5,736,874$119,918,764
74$187,543,042$14,974,171$5,782,223$131,781,711
75$206,520,971$15,556,443$5,824,465$144,844,543
76$227,429,876$16,162,476$5,863,352$159,229,364
77$250,466,569$16,793,282$5,898,619$175,070,726
78$275,847,928$17,449,922$5,929,992$192,516,899
79$303,812,950$18,133,501$5,957,180$211,731,263
80$334,625,002$18,845,175$5,979,877$232,893,858
81$368,574,313$19,586,148$5,997,763$256,203,076
82$405,980,706$20,357,683$6,010,501$281,877,537
83$447,196,624$21,161,095$6,017,739$310,158,148
84$492,610,450$21,997,760$6,019,104$341,310,379
85$542,650,180$22,869,113$6,014,208$375,626,770
86$597,787,456$23,776,658$6,002,641$413,429,684
87$658,542,023$24,721,961$5,983,977$455,074,356
88$725,486,635$25,706,662$5,957,765$500,952,245
89$799,252,456$26,732,473$5,923,534$551,494,723
90$880,535,025$27,801,183$5,880,792$607,177,150
91$970,100,820$28,914,663$5,829,021$668,523,362
92$1,068,794,489$30,074,867$5,767,678$736,110,609
93$1,177,546,830$31,283,838$5,696,198$810,575,009
94$1,297,383,570$32,543,710$5,613,985$892,617,548
95$1,429,435,058$33,856,716$5,520,417$983,010,698
96$1,574,946,926$35,225,187$5,414,843$1,082,605,707
97$1,735,291,854$36,651,562$5,296,581$1,192,340,634
98$1,911,982,525$38,138,390$5,164,918$1,313,249,204
99$2,106,685,907$39,688,337$5,019,108$1,446,470,562
100$2,321,238,992$41,304,187$4,858,371$1,593,260,031