Can I retire at age 30 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$236,176$234,072$232,020$230,017$228,060$221,470
2 years$116,919$114,741$112,631$110,585$108,600$102,013
3 years$77,172$74,985$72,880$70,853$68,900$62,523
4 years$57,302$55,122$53,038$51,045$49,140$43,021
5 years$45,383$43,216$41,159$39,208$37,356$31,511
6 years$37,440$35,289$33,263$31,355$29,558$23,994
7 years$31,769$29,636$27,642$25,779$24,039$18,755
8 years$27,517$25,403$23,442$21,625$19,943$14,936
9 years$24,212$22,118$20,191$18,420$16,794$12,061
10 years$21,569$19,496$17,603$15,878$14,310$9,842
11 years$19,408$17,356$15,497$13,819$12,307$8,097
12 years$17,609$15,578$13,753$12,121$10,665$6,705
13 years$16,088$14,078$12,288$10,701$9,300$5,582
14 years$14,785$12,796$11,041$9,499$8,152$4,666
15 years$13,657$11,690$9,968$8,471$7,178$3,914
16 years$12,671$10,725$9,038$7,585$6,344$3,293
17 years$11,802$9,878$8,224$6,815$5,625$2,777
18 years$11,030$9,127$7,507$6,142$5,001$2,346
19 years$10,340$8,459$6,873$5,550$4,458$1,986
20 years$9,720$7,861$6,307$5,026$3,982$1,683
21 years$9,160$7,322$5,802$4,562$3,563$1,428
22 years$8,651$6,835$5,347$4,148$3,194$1,213
23 years$8,188$6,392$4,937$3,777$2,867$1,031
24 years$7,763$5,989$4,566$3,445$2,577$877
25 years$7,374$5,621$4,229$3,146$2,319$746
26 years$7,014$5,282$3,922$2,877$2,089$635
27 years$6,682$4,971$3,642$2,633$1,883$541
28 years$6,374$4,684$3,386$2,413$1,699$461
29 years$6,088$4,419$3,151$2,212$1,534$393
30 years$5,822$4,174$2,935$2,030$1,386$335
31 years$5,573$3,945$2,736$1,865$1,253$286
32 years$5,340$3,733$2,553$1,714$1,134$244
33 years$5,122$3,535$2,384$1,576$1,026$208
34 years$4,917$3,351$2,227$1,450$929$178
35 years$4,724$3,178$2,082$1,335$841$152
36 years$4,542$3,016$1,948$1,229$762$129
37 years$4,371$2,865$1,823$1,133$691$110
38 years$4,209$2,723$1,707$1,044$626$94
39 years$4,055$2,589$1,599$963$568$80
40 years$3,910$2,463$1,499$888$515$69
41 years$3,772$2,345$1,406$819$467$59
42 years$3,641$2,233$1,319$756$424$50
43 years$3,517$2,128$1,237$698$385$43
44 years$3,398$2,028$1,162$644$349$36
45 years$3,285$1,934$1,091$595$317$31
46 years$3,177$1,845$1,024$550$288$27
47 years$3,075$1,761$962$508$262$23
48 years$2,976$1,681$904$469$238$19
49 years$2,882$1,605$850$434$216$17
50 years$2,792$1,533$799$401$196$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,860,000, adding $3,035 every year, while hoping to spend $24,741 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: 44/36/20 Blend
29$2,860,000$2,860,000$2,860,000$2,860,000
30$3,154,851$3,003,271$2,958,941$3,275,275
31$3,450,321$3,124,107$3,031,741$3,481,262
32$3,775,100$3,250,034$3,106,151$3,701,735
33$4,132,152$3,381,277$3,182,198$3,940,202
34$4,524,740$3,518,069$3,259,911$4,198,343
35$4,956,463$3,660,653$3,339,316$4,477,998
36$5,431,282$3,809,285$3,420,444$4,781,192
37$5,953,565$3,964,232$3,503,320$5,110,148
38$6,528,121$4,125,772$3,587,975$5,467,311
39$7,160,252$4,294,198$3,674,435$5,855,365
40$7,855,798$4,469,814$3,762,728$6,277,265
41$8,621,193$4,652,939$3,852,883$6,736,256
42$9,463,528$4,843,906$3,944,928$7,235,908
43$10,390,615$5,043,064$4,038,890$7,780,146
44$11,411,061$5,250,778$4,134,796$8,373,289
45$12,534,352$5,467,428$4,232,675$9,020,083
46$13,770,939$5,693,415$4,332,552$9,725,754
47$15,132,337$5,929,154$4,434,455$10,496,048
48$16,631,235$6,175,083$4,538,409$11,337,288
49$18,281,617$6,431,658$4,644,441$12,256,432
50$20,098,888$6,699,355$4,752,576$13,261,135
51$22,100,026$6,978,675$4,862,839$14,359,824
52$24,303,738$7,270,139$4,975,254$15,561,772
53$26,730,638$7,574,295$5,089,844$16,877,185
54$29,403,442$7,891,714$5,206,632$18,317,297
55$32,347,179$8,222,995$5,325,640$19,894,478
56$35,589,432$8,568,762$5,446,890$21,622,340
57$39,160,595$8,929,672$5,570,401$23,515,873
58$43,094,158$9,306,409$5,696,193$25,591,580
59$47,427,030$9,699,690$5,824,282$27,867,631
60$52,199,878$10,110,266$5,954,687$30,364,031
61$57,457,518$10,538,922$6,087,422$33,102,810
62$63,249,336$10,986,479$6,222,501$36,108,229
63$69,629,749$11,453,798$6,359,936$39,407,000
64$76,658,728$11,941,779$6,499,738$43,028,544
65$84,402,355$12,451,363$6,641,916$47,005,261
66$92,933,452$12,983,536$6,786,477$51,372,835
67$102,332,266$13,539,331$6,933,426$56,170,566
68$112,687,226$14,119,827$7,082,765$61,441,742
69$124,095,780$14,726,155$7,234,494$67,234,038
70$136,665,311$15,359,499$7,388,611$73,599,971
71$150,514,155$16,021,097$7,545,112$80,597,386
72$165,772,715$16,712,246$7,703,989$88,290,000
73$182,584,690$17,434,304$7,865,231$96,748,002
74$201,108,436$18,188,693$8,028,823$106,048,709
75$221,518,457$18,976,900$8,194,750$116,277,293
76$244,007,055$19,800,483$8,362,989$127,527,582
77$268,786,142$20,661,074$8,533,517$139,902,939
78$296,089,242$21,560,380$8,706,303$153,517,234
79$326,173,696$22,500,190$8,881,316$168,495,916
80$359,323,090$23,482,377$9,058,517$184,977,189
81$395,849,932$24,508,900$9,237,864$203,113,314
82$436,098,603$25,581,814$9,419,310$223,072,040
83$480,448,605$26,703,268$9,602,802$245,038,182
84$529,318,148$27,875,513$9,788,281$269,215,359
85$583,168,093$29,100,907$9,975,682$295,827,911
86$642,506,307$30,381,920$10,164,936$325,123,011
87$707,892,453$31,721,137$10,355,964$357,372,989
88$779,943,277$33,121,266$10,548,683$392,877,898
89$859,338,428$34,585,144$10,743,000$431,968,339
90$946,826,873$36,115,742$10,938,816$475,008,574
91$1,043,233,971$37,716,171$11,136,024$522,399,954
92$1,149,469,263$39,389,690$11,334,507$574,584,705
93$1,266,535,055$41,139,712$11,534,140$632,050,089
94$1,395,535,885$42,969,812$11,734,789$695,332,998
95$1,537,688,949$44,883,737$11,936,308$765,025,009
96$1,694,335,591$46,885,409$12,138,543$841,777,964
97$1,866,953,965$48,978,937$12,341,328$926,310,108
98$2,057,172,991$51,168,627$12,544,484$1,019,412,860
99$2,266,787,734$53,458,988$12,747,822$1,121,958,277
100$2,497,776,348$55,854,744$12,951,140$1,234,907,269