Can I retire at age 30 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$237,002$234,891$232,831$230,821$228,858$225,624
2 years$117,328$115,143$113,025$110,972$108,980$105,728
3 years$77,441$75,247$73,135$71,101$69,141$65,973
4 years$57,502$55,314$53,223$51,224$49,312$46,251
5 years$45,542$43,367$41,303$39,345$37,486$34,542
6 years$37,571$35,413$33,379$31,464$29,662$26,837
7 years$31,880$29,739$27,738$25,869$24,123$21,419
8 years$27,613$25,492$23,524$21,701$20,012$17,429
9 years$24,296$22,196$20,261$18,484$16,853$14,389
10 years$21,645$19,564$17,664$15,933$14,360$12,013
11 years$19,476$17,417$15,551$13,867$12,350$10,119
12 years$17,671$15,632$13,802$12,163$10,702$8,584
13 years$16,144$14,127$12,331$10,738$9,332$7,324
14 years$14,837$12,841$11,079$9,532$8,181$6,278
15 years$13,705$11,731$10,003$8,501$7,203$5,404
16 years$12,715$10,763$9,069$7,612$6,366$4,667
17 years$11,843$9,912$8,253$6,839$5,645$4,042
18 years$11,068$9,159$7,534$6,163$5,019$3,509
19 years$10,376$8,489$6,897$5,569$4,473$3,052
20 years$9,754$7,888$6,329$5,044$3,996$2,660
21 years$9,192$7,347$5,822$4,578$3,576$2,321
22 years$8,682$6,859$5,366$4,162$3,205$2,029
23 years$8,216$6,415$4,954$3,791$2,877$1,775
24 years$7,791$6,010$4,582$3,457$2,586$1,554
25 years$7,399$5,640$4,244$3,157$2,327$1,362
26 years$7,039$5,301$3,936$2,887$2,096$1,195
27 years$6,706$4,989$3,655$2,642$1,890$1,049
28 years$6,397$4,701$3,398$2,421$1,705$921
29 years$6,110$4,435$3,162$2,220$1,540$809
30 years$5,842$4,188$2,945$2,038$1,391$712
31 years$5,592$3,959$2,746$1,871$1,258$626
32 years$5,359$3,746$2,562$1,720$1,138$550
33 years$5,140$3,548$2,392$1,581$1,030$484
34 years$4,934$3,362$2,235$1,455$932$426
35 years$4,741$3,189$2,089$1,340$844$375
36 years$4,558$3,027$1,955$1,234$765$330
37 years$4,386$2,875$1,829$1,137$693$291
38 years$4,224$2,732$1,713$1,048$629$256
39 years$4,070$2,598$1,605$966$570$226
40 years$3,924$2,472$1,504$891$517$199
41 years$3,785$2,353$1,411$822$469$175
42 years$3,654$2,241$1,323$759$426$155
43 years$3,529$2,135$1,242$700$386$136
44 years$3,410$2,035$1,166$647$351$120
45 years$3,297$1,941$1,094$597$318$106
46 years$3,188$1,851$1,028$552$289$93
47 years$3,085$1,767$966$510$262$82
48 years$2,987$1,687$907$471$238$72
49 years$2,892$1,611$853$435$216$64
50 years$2,802$1,539$802$402$197$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,870,000, adding $2,144 every year, while hoping to spend $24,888 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: 59/36/5 Blend
29$2,870,000$2,870,000$2,870,000$2,870,000
30$3,164,952$3,012,842$2,968,357$3,348,772
31$3,461,296$3,133,990$3,041,316$3,593,251
32$3,787,033$3,260,241$3,115,885$3,856,635
33$4,145,136$3,391,817$3,192,092$4,143,161
34$4,538,877$3,528,954$3,269,964$4,455,047
35$4,971,864$3,671,894$3,349,530$4,794,731
36$5,448,072$3,820,895$3,430,817$5,164,895
37$5,971,878$3,976,222$3,513,853$5,568,490
38$6,548,109$4,138,156$3,598,665$6,008,759
39$7,182,078$4,306,987$3,685,283$6,489,269
40$7,879,643$4,483,023$3,773,733$7,013,946
41$8,647,257$4,666,582$3,864,044$7,587,107
42$9,492,031$4,857,997$3,956,242$8,213,502
43$10,421,798$5,057,619$4,050,356$8,898,360
44$11,445,191$5,265,812$4,146,413$9,647,432
45$12,571,721$5,482,958$4,244,439$10,467,047
46$13,811,870$5,709,457$4,344,461$11,364,173
47$15,177,186$5,945,725$4,446,506$12,346,478
48$16,680,395$6,192,201$4,550,599$13,422,401
49$18,335,517$6,449,341$4,656,766$14,601,233
50$20,158,004$6,717,623$4,765,032$15,893,202
51$22,164,881$6,997,547$4,875,421$17,309,568
52$24,374,908$7,289,636$4,987,958$18,862,726
53$26,808,759$7,594,438$5,102,664$20,566,327
54$29,489,211$7,912,525$5,219,562$22,435,398
55$32,441,368$8,244,496$5,338,675$24,486,487
56$35,692,888$8,590,977$5,460,021$26,737,816
57$39,274,253$8,952,625$5,583,622$29,209,452
58$43,219,049$9,330,125$5,709,495$31,923,491
59$47,564,286$9,724,196$5,837,658$34,904,270
60$52,350,750$10,135,588$5,968,126$38,178,592
61$57,623,383$10,565,088$6,100,914$41,775,973
62$63,431,709$11,013,519$6,236,036$45,728,927
63$69,830,303$11,481,741$6,373,503$50,073,261
64$76,879,303$11,970,655$6,513,325$54,848,418
65$84,644,980$12,481,205$6,655,509$60,097,841
66$93,200,361$13,014,378$6,800,062$65,869,387
67$102,625,922$13,571,206$6,946,988$72,215,767
68$113,010,342$14,152,772$7,096,288$79,195,049
69$124,451,345$14,760,206$7,247,962$86,871,199
70$137,056,620$15,394,693$7,402,007$95,314,680
71$150,944,837$16,057,475$7,558,416$104,603,119
72$166,246,768$16,749,849$7,717,180$114,822,030
73$183,106,521$17,473,174$7,878,288$126,065,622
74$201,682,901$18,228,874$8,041,725$138,437,684
75$222,150,905$19,018,437$8,207,471$152,052,559
76$244,703,381$19,843,425$8,375,505$167,036,219
77$269,552,842$20,705,468$8,545,801$183,527,451
78$296,933,474$21,606,278$8,718,327$201,679,163
79$327,103,346$22,547,644$8,893,049$221,659,823
80$360,346,850$23,531,441$9,069,929$243,655,039
81$396,977,378$24,559,631$9,248,921$267,869,314
82$437,340,288$25,634,270$9,429,977$294,527,966
83$481,816,157$26,757,509$9,613,041$323,879,249
84$530,824,381$27,931,603$9,798,053$356,196,693
85$584,827,127$29,158,911$9,984,948$391,781,680
86$644,333,701$30,441,904$10,173,650$430,966,280
87$709,905,353$31,783,172$10,364,082$474,116,379
88$782,160,577$33,185,425$10,556,157$521,635,129
89$861,780,947$34,651,502$10,749,779$573,966,744
90$949,517,554$36,184,377$10,944,848$631,600,687
91$1,046,198,097$37,787,163$11,141,252$695,076,281
92$1,152,734,692$39,463,123$11,338,873$764,987,792
93$1,270,132,487$41,215,674$11,537,582$841,990,032
94$1,399,499,152$43,048,393$11,737,243$926,804,530
95$1,542,055,331$44,965,030$11,937,706$1,020,226,332
96$1,699,146,170$46,969,511$12,138,813$1,123,131,500
97$1,872,254,011$49,065,949$12,340,396$1,236,485,370
98$2,063,012,393$51,258,653$12,542,271$1,361,351,652
99$2,273,221,466$53,552,136$12,744,247$1,498,902,465
100$2,504,864,992$55,951,127$12,946,115$1,650,429,386