Can I retire at age 30 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$237,828$235,709$233,642$231,625$229,655$228,304
2 years$117,736$115,544$113,419$111,358$109,360$107,996
3 years$77,711$75,509$73,389$71,348$69,382$68,049
4 years$57,703$55,507$53,409$51,402$49,484$48,191
5 years$45,701$43,518$41,447$39,482$37,617$36,368
6 years$37,702$35,536$33,496$31,574$29,765$28,562
7 years$31,991$29,843$27,835$25,959$24,207$23,051
8 years$27,709$25,581$23,606$21,776$20,082$18,972
9 years$24,381$22,273$20,332$18,548$16,912$15,849
10 years$21,720$19,632$17,726$15,989$14,410$13,392
11 years$19,544$17,478$15,606$13,915$12,393$11,420
12 years$17,732$15,687$13,850$12,205$10,739$9,811
13 years$16,200$14,176$12,374$10,776$9,365$8,480
14 years$14,888$12,886$11,118$9,565$8,209$7,367
15 years$13,752$11,772$10,038$8,531$7,228$6,427
16 years$12,759$10,800$9,101$7,638$6,388$5,627
17 years$11,884$9,947$8,281$6,863$5,664$4,942
18 years$11,107$9,191$7,560$6,185$5,036$4,351
19 years$10,413$8,518$6,921$5,589$4,489$3,840
20 years$9,788$7,916$6,351$5,062$4,010$3,396
21 years$9,224$7,373$5,842$4,594$3,588$3,008
22 years$8,712$6,882$5,384$4,177$3,216$2,669
23 years$8,245$6,437$4,972$3,804$2,887$2,371
24 years$7,818$6,031$4,598$3,469$2,595$2,109
25 years$7,425$5,660$4,259$3,168$2,335$1,877
26 years$7,063$5,319$3,950$2,897$2,103$1,673
27 years$6,729$5,006$3,668$2,652$1,896$1,492
28 years$6,419$4,717$3,409$2,429$1,711$1,331
29 years$6,131$4,450$3,173$2,228$1,545$1,189
30 years$5,862$4,203$2,955$2,045$1,396$1,062
31 years$5,612$3,973$2,755$1,878$1,262$950
32 years$5,377$3,759$2,571$1,726$1,142$849
33 years$5,158$3,560$2,400$1,587$1,033$760
34 years$4,951$3,374$2,243$1,460$936$680
35 years$4,757$3,200$2,097$1,344$847$609
36 years$4,574$3,038$1,961$1,238$768$545
37 years$4,401$2,885$1,836$1,141$696$488
38 years$4,238$2,742$1,719$1,051$631$438
39 years$4,084$2,607$1,611$969$572$392
40 years$3,937$2,480$1,510$894$519$351
41 years$3,799$2,361$1,416$825$471$315
42 years$3,667$2,249$1,328$761$427$282
43 years$3,541$2,143$1,246$703$388$253
44 years$3,422$2,042$1,170$649$352$227
45 years$3,308$1,948$1,098$599$319$204
46 years$3,200$1,858$1,031$554$290$183
47 years$3,096$1,773$969$511$263$164
48 years$2,997$1,693$911$473$239$147
49 years$2,902$1,616$856$437$217$132
50 years$2,812$1,544$805$404$197$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,880,000, adding $5,376 every year, while hoping to spend $22,310 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: 63/10/27 Blend
29$2,880,000$2,880,000$2,880,000$2,880,000
30$3,179,305$3,026,665$2,982,025$3,356,447
31$3,479,857$3,151,234$3,058,186$3,601,718
32$3,810,317$3,281,159$3,136,149$3,866,586
33$4,173,712$3,416,679$3,215,954$4,155,422
34$4,573,379$3,558,044$3,297,636$4,470,579
35$5,012,991$3,705,516$3,381,234$4,814,645
36$5,496,596$3,859,367$3,466,786$5,190,471
37$6,028,656$4,019,883$3,554,330$5,601,195
38$6,614,086$4,187,364$3,643,907$6,050,270
39$7,258,301$4,362,123$3,735,556$6,541,502
40$7,967,267$4,544,486$3,829,316$7,079,077
41$8,747,559$4,734,797$3,925,229$7,667,607
42$9,606,421$4,933,413$4,023,336$8,312,172
43$10,551,836$5,140,710$4,123,677$9,018,363
44$11,592,597$5,357,079$4,226,295$9,792,339
45$12,738,398$5,582,932$4,331,231$10,640,884
46$13,999,916$5,818,697$4,438,529$11,571,468
47$15,388,918$6,064,824$4,548,230$12,592,320
48$16,918,370$6,321,782$4,660,379$13,712,503
49$18,602,560$6,590,065$4,775,017$14,942,000
50$20,457,230$6,870,188$4,892,189$16,291,806
51$22,499,728$7,162,688$5,011,938$17,774,035
52$24,749,171$7,468,130$5,134,309$19,402,030
53$27,226,623$7,787,105$5,259,345$21,190,489
54$29,955,295$8,120,230$5,387,090$23,155,604
55$32,960,766$8,468,152$5,517,588$25,315,214
56$36,271,222$8,831,549$5,650,885$27,688,970
57$39,917,720$9,211,128$5,787,023$30,298,521
58$43,934,486$9,607,632$5,926,047$33,167,719
59$48,359,235$10,021,838$6,068,001$36,322,842
60$53,233,526$10,454,557$6,212,928$39,792,841
61$58,603,157$10,906,642$6,360,872$43,609,611
62$64,518,594$11,378,982$6,511,877$47,808,297
63$71,035,451$11,872,512$6,665,984$52,427,616
64$78,215,009$12,388,208$6,823,237$57,510,232
65$86,124,802$12,927,091$6,983,677$63,103,146
66$94,839,247$13,490,234$7,147,346$69,258,149
67$104,440,351$14,078,757$7,314,283$76,032,304
68$115,018,484$14,693,834$7,484,529$83,488,485
69$126,673,232$15,336,693$7,658,123$91,695,971
70$139,514,334$16,008,623$7,835,102$100,731,094
71$153,662,721$16,710,972$8,015,504$110,677,967
72$169,251,659$17,445,150$8,199,363$121,629,265
73$186,428,002$18,212,635$8,386,716$133,687,110
74$205,353,581$19,014,977$8,577,593$146,964,027
75$226,206,731$19,853,797$8,772,028$161,584,006
76$249,183,977$20,730,791$8,970,049$177,683,670
77$274,501,882$21,647,739$9,171,686$195,413,569
78$302,399,099$22,606,504$9,376,962$214,939,590
79$333,138,620$23,609,036$9,585,904$236,444,531
80$367,010,259$24,657,379$9,798,532$260,129,818
81$404,333,388$25,753,672$10,014,864$286,217,409
82$445,459,950$26,900,159$10,234,919$314,951,883
83$490,777,785$28,099,187$10,458,709$346,602,753
84$540,714,289$29,353,216$10,686,245$381,467,004
85$595,740,446$30,664,824$10,917,534$419,871,894
86$656,375,281$32,036,709$11,152,581$462,178,046
87$723,190,751$33,471,700$11,391,384$508,782,844
88$796,817,154$34,972,759$11,633,941$560,124,188
89$877,949,069$36,542,990$11,880,244$616,684,620
90$967,351,921$38,185,644$12,130,279$678,995,883
91$1,065,869,204$39,904,127$12,384,031$747,643,934
92$1,174,430,443$41,702,009$12,641,475$823,274,471
93$1,294,059,969$43,583,028$12,902,585$906,599,034
94$1,425,886,591$45,551,102$13,167,328$998,401,711
95$1,571,154,253$47,610,336$13,435,663$1,099,546,542
96$1,731,233,775$49,765,030$13,707,545$1,210,985,671
97$1,907,635,793$52,019,690$13,982,922$1,333,768,332
98$2,102,025,028$54,379,038$14,261,733$1,469,050,751
99$2,316,235,991$56,848,021$14,543,911$1,618,107,058
100$2,552,290,311$59,431,824$14,829,382$1,782,341,313