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

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$237,828$235,709$233,642$231,625$229,655$224,835
2 years$117,736$115,544$113,419$111,358$109,360$104,526
3 years$77,711$75,509$73,389$71,348$69,382$64,686
4 years$57,703$55,507$53,409$51,402$49,484$44,961
5 years$45,701$43,518$41,447$39,482$37,617$33,280
6 years$37,702$35,536$33,496$31,574$29,765$25,620
7 years$31,991$29,843$27,835$25,959$24,207$20,254
8 years$27,709$25,581$23,606$21,776$20,082$16,319
9 years$24,381$22,273$20,332$18,548$16,912$13,337
10 years$21,720$19,632$17,726$15,989$14,410$11,020
11 years$19,544$17,478$15,606$13,915$12,393$9,183
12 years$17,732$15,687$13,850$12,205$10,739$7,705
13 years$16,200$14,176$12,374$10,776$9,365$6,500
14 years$14,888$12,886$11,118$9,565$8,209$5,509
15 years$13,752$11,772$10,038$8,531$7,228$4,687
16 years$12,759$10,800$9,101$7,638$6,388$3,999
17 years$11,884$9,947$8,281$6,863$5,664$3,422
18 years$11,107$9,191$7,560$6,185$5,036$2,934
19 years$10,413$8,518$6,921$5,589$4,489$2,521
20 years$9,788$7,916$6,351$5,062$4,010$2,169
21 years$9,224$7,373$5,842$4,594$3,588$1,869
22 years$8,712$6,882$5,384$4,177$3,216$1,612
23 years$8,245$6,437$4,972$3,804$2,887$1,392
24 years$7,818$6,031$4,598$3,469$2,595$1,203
25 years$7,425$5,660$4,259$3,168$2,335$1,040
26 years$7,063$5,319$3,950$2,897$2,103$900
27 years$6,729$5,006$3,668$2,652$1,896$779
28 years$6,419$4,717$3,409$2,429$1,711$675
29 years$6,131$4,450$3,173$2,228$1,545$585
30 years$5,862$4,203$2,955$2,045$1,396$507
31 years$5,612$3,973$2,755$1,878$1,262$440
32 years$5,377$3,759$2,571$1,726$1,142$381
33 years$5,158$3,560$2,400$1,587$1,033$331
34 years$4,951$3,374$2,243$1,460$936$287
35 years$4,757$3,200$2,097$1,344$847$249
36 years$4,574$3,038$1,961$1,238$768$216
37 years$4,401$2,885$1,836$1,141$696$188
38 years$4,238$2,742$1,719$1,051$631$163
39 years$4,084$2,607$1,611$969$572$141
40 years$3,937$2,480$1,510$894$519$123
41 years$3,799$2,361$1,416$825$471$107
42 years$3,667$2,249$1,328$761$427$93
43 years$3,541$2,143$1,246$703$388$80
44 years$3,422$2,042$1,170$649$352$70
45 years$3,308$1,948$1,098$599$319$61
46 years$3,200$1,858$1,031$554$290$53
47 years$3,096$1,773$969$511$263$46
48 years$2,997$1,693$911$473$239$40
49 years$2,902$1,616$856$437$217$35
50 years$2,812$1,544$805$404$197$30

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 $4,206 every year, while hoping to spend $36,131 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: 66/22/12 Blend
29$2,880,000$2,880,000$2,880,000$2,880,000
30$3,178,098$3,025,458$2,980,818$3,379,035
31$3,463,821$3,135,263$3,042,233$3,623,317
32$3,777,477$3,249,237$3,104,494$3,885,569
33$4,121,877$3,367,546$3,167,591$4,171,289
34$4,500,116$3,490,364$3,231,514$4,482,768
35$4,915,608$3,617,871$3,296,249$4,822,527
36$5,372,108$3,750,256$3,361,781$5,193,340
37$5,873,758$3,887,712$3,428,095$5,598,263
38$6,425,117$4,030,446$3,495,172$6,040,656
39$7,031,210$4,178,669$3,562,992$6,524,221
40$7,697,572$4,332,603$3,631,531$7,053,032
41$8,430,303$4,492,479$3,700,766$7,631,576
42$9,236,121$4,658,538$3,770,669$8,264,791
43$10,122,429$4,831,030$3,841,210$8,958,117
44$11,097,383$5,010,217$3,912,357$9,717,542
45$12,169,971$5,196,372$3,984,076$10,549,661
46$13,350,093$5,389,779$4,056,327$11,461,736
47$14,648,660$5,590,735$4,129,071$12,461,766
48$16,077,691$5,799,549$4,202,263$13,558,559
49$17,650,431$6,016,543$4,275,855$14,761,818
50$19,381,475$6,242,054$4,349,796$16,082,228
51$21,286,903$6,476,432$4,424,031$17,531,559
52$23,384,432$6,720,042$4,498,501$19,122,776
53$25,693,587$6,973,267$4,573,144$20,870,157
54$28,235,879$7,236,503$4,647,891$22,789,434
55$31,035,014$7,510,168$4,722,671$24,897,934
56$34,117,112$7,794,692$4,797,406$27,214,746
57$37,510,955$8,090,529$4,872,016$29,760,898
58$41,248,257$8,398,150$4,946,414$32,559,555
59$45,363,966$8,718,046$5,020,506$35,636,237
60$49,896,592$9,050,732$5,094,194$39,019,059
61$54,888,569$9,396,742$5,167,374$42,738,996
62$60,386,657$9,756,636$5,239,935$46,830,173
63$66,442,383$10,130,998$5,311,759$51,330,187
64$73,112,525$10,520,437$5,382,723$56,280,459
65$80,459,653$10,925,589$5,452,695$61,726,627
66$88,552,712$11,347,116$5,521,534$67,718,974
67$97,467,677$11,785,714$5,589,094$74,312,899
68$107,288,270$12,242,104$5,655,218$81,569,443
69$118,106,748$12,717,042$5,719,743$89,555,860
70$130,024,776$13,211,317$5,782,494$98,346,255
71$143,154,384$13,725,752$5,843,289$108,022,276
72$157,619,026$14,261,208$5,901,933$118,673,888
73$173,554,741$14,818,582$5,958,222$130,400,219
74$191,111,445$15,398,812$6,011,943$143,310,495
75$210,454,337$16,002,879$6,062,868$157,525,067
76$231,765,464$16,631,805$6,110,759$173,176,548
77$255,245,437$17,286,659$6,155,365$190,411,063
78$281,115,324$17,968,558$6,196,422$209,389,624
79$309,618,738$18,678,667$6,233,652$230,289,650
80$341,024,133$19,418,206$6,266,764$253,306,640
81$375,627,344$20,188,447$6,295,450$278,656,016
82$413,754,373$20,990,721$6,319,387$306,575,153
83$455,764,469$21,826,417$6,338,237$337,325,619
84$502,053,521$22,696,987$6,351,644$371,195,644
85$553,057,790$23,603,949$6,359,233$408,502,833
86$609,258,030$24,548,889$6,360,614$449,597,167
87$671,184,028$25,533,463$6,355,373$494,864,302
88$739,419,601$26,559,405$6,343,080$544,729,206
89$814,608,109$27,628,524$6,323,282$599,660,170
90$897,458,527$28,742,713$6,295,503$660,173,224
91$988,752,140$29,903,949$6,259,245$726,837,008
92$1,089,349,916$31,114,300$6,213,988$800,278,134
93$1,200,200,634$32,375,928$6,159,184$881,187,099
94$1,322,349,843$33,691,092$6,094,260$970,324,803
95$1,456,949,726$35,062,155$6,018,617$1,068,529,725
96$1,605,269,983$36,491,585$5,931,625$1,176,725,833
97$1,768,709,815$37,981,967$5,832,629$1,295,931,311
98$1,948,811,132$39,535,999$5,720,938$1,427,268,159
99$2,147,273,111$41,156,506$5,595,832$1,571,972,785
100$2,365,968,233$42,846,440$5,456,558$1,731,407,671