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%17.4%
1 years$237,828$235,709$233,642$231,625$229,655$222,750
2 years$117,736$115,544$113,419$111,358$109,360$102,461
3 years$77,711$75,509$73,389$71,348$69,382$62,706
4 years$57,703$55,507$53,409$51,402$49,484$43,082
5 years$45,701$43,518$41,447$39,482$37,617$31,506
6 years$37,702$35,536$33,496$31,574$29,765$23,951
7 years$31,991$29,843$27,835$25,959$24,207$18,690
8 years$27,709$25,581$23,606$21,776$20,082$14,858
9 years$24,381$22,273$20,332$18,548$16,912$11,975
10 years$21,720$19,632$17,726$15,989$14,410$9,754
11 years$19,544$17,478$15,606$13,915$12,393$8,009
12 years$17,732$15,687$13,850$12,205$10,739$6,620
13 years$16,200$14,176$12,374$10,776$9,365$5,499
14 years$14,888$12,886$11,118$9,565$8,209$4,588
15 years$13,752$11,772$10,038$8,531$7,228$3,840
16 years$12,759$10,800$9,101$7,638$6,388$3,224
17 years$11,884$9,947$8,281$6,863$5,664$2,713
18 years$11,107$9,191$7,560$6,185$5,036$2,287
19 years$10,413$8,518$6,921$5,589$4,489$1,931
20 years$9,788$7,916$6,351$5,062$4,010$1,633
21 years$9,224$7,373$5,842$4,594$3,588$1,382
22 years$8,712$6,882$5,384$4,177$3,216$1,171
23 years$8,245$6,437$4,972$3,804$2,887$993
24 years$7,818$6,031$4,598$3,469$2,595$843
25 years$7,425$5,660$4,259$3,168$2,335$715
26 years$7,063$5,319$3,950$2,897$2,103$608
27 years$6,729$5,006$3,668$2,652$1,896$517
28 years$6,419$4,717$3,409$2,429$1,711$439
29 years$6,131$4,450$3,173$2,228$1,545$373
30 years$5,862$4,203$2,955$2,045$1,396$318
31 years$5,612$3,973$2,755$1,878$1,262$270
32 years$5,377$3,759$2,571$1,726$1,142$230
33 years$5,158$3,560$2,400$1,587$1,033$196
34 years$4,951$3,374$2,243$1,460$936$167
35 years$4,757$3,200$2,097$1,344$847$142
36 years$4,574$3,038$1,961$1,238$768$121
37 years$4,401$2,885$1,836$1,141$696$103
38 years$4,238$2,742$1,719$1,051$631$87
39 years$4,084$2,607$1,611$969$572$74
40 years$3,937$2,480$1,510$894$519$63
41 years$3,799$2,361$1,416$825$471$54
42 years$3,667$2,249$1,328$761$427$46
43 years$3,541$2,143$1,246$703$388$39
44 years$3,422$2,042$1,170$649$352$33
45 years$3,308$1,948$1,098$599$319$28
46 years$3,200$1,858$1,031$554$290$24
47 years$3,096$1,773$969$511$263$21
48 years$2,997$1,693$911$473$239$18
49 years$2,902$1,616$856$437$217$15
50 years$2,812$1,544$805$404$197$13

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 $2,403 every year, while hoping to spend $49,454 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: 29/48/23 Blend
29$2,880,000$2,880,000$2,880,000$2,880,000
30$3,176,239$3,023,599$2,978,959$3,245,467
31$3,447,596$3,119,136$3,026,135$3,394,857
32$3,744,975$3,217,698$3,073,235$3,550,818
33$4,070,977$3,319,379$3,120,202$3,717,468
34$4,428,467$3,424,279$3,166,979$3,895,761
35$4,820,602$3,532,501$3,213,505$4,086,741
36$5,250,858$3,644,148$3,259,712$4,291,557
37$5,723,066$3,759,331$3,305,532$4,511,471
38$6,241,441$3,878,161$3,350,890$4,747,870
39$6,810,632$4,000,755$3,395,709$5,002,279
40$7,435,756$4,127,231$3,439,905$5,276,375
41$8,122,451$4,257,714$3,483,390$5,571,999
42$8,876,929$4,392,330$3,526,071$5,891,180
43$9,706,033$4,531,211$3,567,852$6,236,148
44$10,617,300$4,674,492$3,608,627$6,609,354
45$11,619,036$4,822,314$3,648,287$7,013,498
46$12,720,391$4,974,820$3,686,717$7,451,549
47$13,931,444$5,132,159$3,723,796$7,926,776
48$15,263,302$5,294,486$3,759,394$8,442,773
49$16,728,202$5,461,959$3,793,376$9,003,500
50$18,339,624$5,634,741$3,825,600$9,613,314
51$20,112,424$5,813,001$3,855,916$10,277,011
52$22,062,967$5,996,914$3,884,165$10,999,872
53$24,209,287$6,186,660$3,910,182$11,787,711
54$26,571,252$6,382,424$3,933,791$12,646,930
55$29,170,755$6,584,398$3,954,808$13,584,579
56$32,031,919$6,792,780$3,973,040$14,608,420
57$35,181,321$7,007,773$3,988,284$15,727,002
58$38,648,251$7,229,589$4,000,327$16,949,740
59$42,464,978$7,458,445$4,008,943$18,287,004
60$46,667,062$7,694,564$4,013,898$19,750,215
61$51,293,683$7,938,179$4,014,945$21,351,952
62$56,388,017$8,189,528$4,011,825$23,106,073
63$61,997,639$8,448,859$4,004,264$25,027,840
64$68,174,970$8,716,424$3,991,979$27,134,068
65$74,977,776$8,992,489$3,974,670$29,443,278
66$82,469,711$9,277,322$3,952,023$31,975,876
67$90,720,915$9,571,205$3,923,709$34,754,340
68$99,808,680$9,874,426$3,889,385$37,803,435
69$109,818,175$10,187,283$3,848,690$41,150,443
70$120,843,253$10,510,083$3,801,245$44,825,423
71$132,987,333$10,843,145$3,746,654$48,861,493
72$146,364,378$11,186,796$3,684,504$53,295,140
73$161,099,970$11,541,375$3,614,361$58,166,564
74$177,332,495$11,907,231$3,535,770$63,520,059
75$195,214,448$12,284,723$3,448,257$69,404,429
76$214,913,873$12,674,226$3,351,324$75,873,446
77$236,615,946$13,076,121$3,244,452$82,986,360
78$260,524,728$13,490,807$3,127,097$90,808,455
79$286,865,086$13,918,691$2,998,690$99,411,665
80$315,884,815$14,360,198$2,858,636$108,875,252
81$347,856,981$14,815,762$2,706,315$119,286,556
82$383,082,492$15,285,834$2,541,076$130,741,813
83$421,892,946$15,770,879$2,362,241$143,347,067
84$464,653,750$16,271,376$2,169,100$157,219,170
85$511,767,580$16,787,821$1,960,913$172,486,883
86$563,678,174$17,320,724$1,736,904$189,292,088
87$620,874,523$17,870,615$1,496,265$207,791,132
88$683,895,486$18,438,037$1,238,152$228,156,297
89$753,334,878$19,023,553$961,683$250,577,429
90$829,847,073$19,627,745$665,936$275,263,728
91$914,153,180$20,251,211$349,951$302,445,718
92$1,007,047,855$20,894,570$12,725$332,377,430
93$1,109,406,794$21,558,462$0$365,338,793
94$1,222,195,007$22,243,547$0$401,723,472
95$1,346,475,923$22,950,505$0$441,795,066
96$1,483,421,428$23,680,041$0$485,925,312
97$1,634,322,931$24,432,880$0$534,527,283
98$1,800,603,552$25,209,773$0$588,056,154
99$1,983,831,555$26,011,493$0$647,013,499
100$2,185,735,158$26,838,841$0$711,952,023