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

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$236,176$234,072$232,020$230,017$228,060$225,773
2 years$116,919$114,741$112,631$110,585$108,600$106,296
3 years$77,172$74,985$72,880$70,853$68,900$66,651
4 years$57,302$55,122$53,038$51,045$49,140$46,963
5 years$45,383$43,216$41,159$39,208$37,356$35,258
6 years$37,440$35,289$33,263$31,355$29,558$27,541
7 years$31,769$29,636$27,642$25,779$24,039$22,104
8 years$27,517$25,403$23,442$21,625$19,943$18,090
9 years$24,212$22,118$20,191$18,420$16,794$15,023
10 years$21,569$19,496$17,603$15,878$14,310$12,619
11 years$19,408$17,356$15,497$13,819$12,307$10,695
12 years$17,609$15,578$13,753$12,121$10,665$9,130
13 years$16,088$14,078$12,288$10,701$9,300$7,841
14 years$14,785$12,796$11,041$9,499$8,152$6,767
15 years$13,657$11,690$9,968$8,471$7,178$5,864
16 years$12,671$10,725$9,038$7,585$6,344$5,099
17 years$11,802$9,878$8,224$6,815$5,625$4,447
18 years$11,030$9,127$7,507$6,142$5,001$3,889
19 years$10,340$8,459$6,873$5,550$4,458$3,407
20 years$9,720$7,861$6,307$5,026$3,982$2,991
21 years$9,160$7,322$5,802$4,562$3,563$2,630
22 years$8,651$6,835$5,347$4,148$3,194$2,316
23 years$8,188$6,392$4,937$3,777$2,867$2,042
24 years$7,763$5,989$4,566$3,445$2,577$1,802
25 years$7,374$5,621$4,229$3,146$2,319$1,592
26 years$7,014$5,282$3,922$2,877$2,089$1,408
27 years$6,682$4,971$3,642$2,633$1,883$1,245
28 years$6,374$4,684$3,386$2,413$1,699$1,103
29 years$6,088$4,419$3,151$2,212$1,534$977
30 years$5,822$4,174$2,935$2,030$1,386$866
31 years$5,573$3,945$2,736$1,865$1,253$768
32 years$5,340$3,733$2,553$1,714$1,134$681
33 years$5,122$3,535$2,384$1,576$1,026$604
34 years$4,917$3,351$2,227$1,450$929$536
35 years$4,724$3,178$2,082$1,335$841$476
36 years$4,542$3,016$1,948$1,229$762$423
37 years$4,371$2,865$1,823$1,133$691$375
38 years$4,209$2,723$1,707$1,044$626$334
39 years$4,055$2,589$1,599$963$568$296
40 years$3,910$2,463$1,499$888$515$263
41 years$3,772$2,345$1,406$819$467$234
42 years$3,641$2,233$1,319$756$424$208
43 years$3,517$2,128$1,237$698$385$185
44 years$3,398$2,028$1,162$644$349$164
45 years$3,285$1,934$1,091$595$317$146
46 years$3,177$1,845$1,024$550$288$130
47 years$3,075$1,761$962$508$262$116
48 years$2,976$1,681$904$469$238$103
49 years$2,882$1,605$850$434$216$91
50 years$2,792$1,533$799$401$196$81

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 $3,575 every year, while hoping to spend $30,528 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: 79/6/15 Blend
29$2,860,000$2,860,000$2,860,000$2,860,000
30$3,155,408$3,003,828$2,959,498$3,394,565
31$3,444,778$3,118,534$3,026,159$3,667,241
32$3,762,640$3,237,837$3,094,031$3,962,088
33$4,111,869$3,361,931$3,163,121$4,284,734
34$4,495,631$3,491,017$3,233,437$4,637,951
35$4,917,414$3,625,305$3,304,985$5,024,790
36$5,381,060$3,765,015$3,377,772$5,448,611
37$5,890,804$3,910,376$3,451,802$5,913,115
38$6,451,308$4,061,627$3,527,081$6,422,378
39$7,067,713$4,219,018$3,603,609$6,980,890
40$7,745,680$4,382,810$3,681,390$7,593,598
41$8,491,447$4,553,276$3,760,425$8,265,949
42$9,311,887$4,730,698$3,840,711$9,003,945
43$10,214,573$4,915,376$3,922,248$9,814,196
44$11,207,848$5,107,618$4,005,032$10,703,986
45$12,300,906$5,307,749$4,089,058$11,681,339
46$13,503,877$5,516,107$4,174,320$12,755,092
47$14,827,921$5,733,045$4,260,808$13,934,985
48$16,285,337$5,958,932$4,348,514$15,231,745
49$17,889,676$6,194,154$4,437,424$16,657,192
50$19,655,869$6,439,114$4,527,524$18,224,349
51$21,600,370$6,694,233$4,618,798$19,947,562
52$23,741,308$6,959,950$4,711,227$21,842,641
53$26,098,658$7,236,725$4,804,791$23,927,002
54$28,694,434$7,525,037$4,899,464$26,219,835
55$31,552,891$7,825,389$4,995,221$28,742,284
56$34,700,757$8,138,304$5,092,032$31,517,647
57$38,167,484$8,464,330$5,189,864$34,571,593
58$41,985,525$8,804,040$5,288,682$37,932,407
59$46,190,642$9,158,032$5,388,447$41,631,254
60$50,822,243$9,526,931$5,489,116$45,702,474
61$55,923,753$9,911,391$5,590,642$50,183,905
62$61,543,022$10,312,096$5,692,974$55,117,243
63$67,732,780$10,729,758$5,796,059$60,548,428
64$74,551,133$11,165,126$5,899,837$66,528,084
65$82,062,111$11,618,980$6,004,244$73,111,995
66$90,336,272$12,092,136$6,109,211$80,361,627
67$99,451,368$12,585,446$6,214,666$88,344,712
68$109,493,078$13,099,804$6,320,528$97,135,887
69$120,555,820$13,636,142$6,426,714$106,817,392
70$132,743,637$14,195,436$6,533,132$117,479,855
71$146,171,181$14,778,706$6,639,685$129,223,140
72$160,964,797$15,387,018$6,746,270$142,157,289
73$177,263,712$16,021,488$6,852,776$156,403,567
74$195,221,353$16,683,283$6,959,086$172,095,598
75$215,006,791$17,373,624$7,065,076$189,380,629
76$236,806,339$18,093,786$7,170,610$208,420,921
77$260,825,309$18,845,106$7,275,550$229,395,279
78$287,289,953$19,628,978$7,379,743$252,500,735
79$316,449,595$20,446,865$7,483,032$277,954,416
80$348,578,987$21,300,295$7,585,246$305,995,584
81$383,980,901$22,190,866$7,686,209$336,887,900
82$422,988,985$23,120,251$7,785,729$370,921,909
83$465,970,918$24,090,200$7,883,608$408,417,783
84$513,331,876$25,102,544$7,979,632$449,728,343
85$565,518,356$26,159,198$8,073,580$495,242,388
86$623,022,397$27,262,167$8,165,213$545,388,366
87$686,386,217$28,413,548$8,254,282$600,638,415
88$756,207,335$29,615,536$8,340,525$661,512,822
89$833,144,214$30,870,428$8,423,664$728,584,932
90$917,922,472$32,180,627$8,503,405$802,486,561
91$1,011,341,735$33,548,649$8,579,440$883,913,958
92$1,114,283,185$34,977,126$8,651,444$973,634,379
93$1,227,717,878$36,468,812$8,719,075$1,072,493,326
94$1,352,715,910$38,026,593$8,781,972$1,181,422,529
95$1,490,456,522$39,653,485$8,839,757$1,301,448,745
96$1,642,239,229$41,352,648$8,892,031$1,433,703,443
97$1,809,496,091$43,127,388$8,938,375$1,579,433,489
98$1,993,805,229$44,981,167$8,978,348$1,740,012,913
99$2,196,905,726$46,917,608$9,011,486$1,916,955,885
100$2,420,714,044$48,940,504$9,037,304$2,111,931,000