Can I retire at age 30 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$238,653$236,528$234,454$232,429$230,453$221,222
2 years$118,145$115,945$113,812$111,745$109,739$100,555
3 years$77,981$75,771$73,644$71,596$69,623$60,775
4 years$57,903$55,700$53,594$51,581$49,656$41,211
5 years$45,859$43,669$41,591$39,619$37,748$29,728
6 years$37,833$35,659$33,612$31,684$29,868$22,278
7 years$32,102$29,947$27,932$26,049$24,291$17,128
8 years$27,805$25,670$23,688$21,852$20,152$13,408
9 years$24,466$22,350$20,403$18,613$16,971$10,636
10 years$21,795$19,701$17,788$16,044$14,460$8,522
11 years$19,612$17,538$15,660$13,964$12,436$6,881
12 years$17,794$15,741$13,898$12,248$10,777$5,589
13 years$16,257$14,226$12,417$10,813$9,398$4,562
14 years$14,940$12,931$11,156$9,599$8,238$3,737
15 years$13,800$11,812$10,073$8,560$7,253$3,071
16 years$12,804$10,838$9,132$7,665$6,410$2,530
17 years$11,925$9,981$8,310$6,887$5,684$2,088
18 years$11,146$9,223$7,586$6,206$5,054$1,727
19 years$10,449$8,548$6,945$5,608$4,505$1,430
20 years$9,822$7,943$6,374$5,079$4,024$1,185
21 years$9,256$7,399$5,862$4,610$3,601$983
22 years$8,742$6,906$5,403$4,191$3,228$816
23 years$8,274$6,459$4,989$3,817$2,897$678
24 years$7,845$6,052$4,614$3,481$2,604$564
25 years$7,451$5,679$4,273$3,179$2,343$469
26 years$7,088$5,338$3,963$2,907$2,111$390
27 years$6,752$5,024$3,680$2,661$1,903$324
28 years$6,441$4,734$3,421$2,438$1,717$270
29 years$6,152$4,466$3,184$2,236$1,551$225
30 years$5,883$4,217$2,966$2,052$1,401$187
31 years$5,631$3,987$2,765$1,884$1,267$156
32 years$5,396$3,772$2,580$1,732$1,146$130
33 years$5,176$3,572$2,409$1,593$1,037$108
34 years$4,968$3,386$2,250$1,465$939$90
35 years$4,774$3,211$2,104$1,349$850$75
36 years$4,590$3,048$1,968$1,242$770$63
37 years$4,417$2,895$1,842$1,145$698$52
38 years$4,253$2,751$1,725$1,055$633$43
39 years$4,098$2,616$1,616$973$574$36
40 years$3,951$2,489$1,515$897$521$30
41 years$3,812$2,369$1,421$828$472$25
42 years$3,679$2,257$1,332$764$429$21
43 years$3,554$2,150$1,250$705$389$17
44 years$3,434$2,049$1,174$651$353$15
45 years$3,320$1,954$1,102$601$321$12
46 years$3,211$1,864$1,035$555$291$10
47 years$3,107$1,779$972$513$264$8
48 years$3,007$1,698$914$474$240$7
49 years$2,913$1,622$859$438$218$6
50 years$2,822$1,549$808$405$198$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,890,000, adding $6,622 every year, while hoping to spend $21,291 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: 42/39/19 Blend
29$2,890,000$2,890,000$2,890,000$2,890,000
30$3,191,611$3,038,441$2,993,646$3,307,642
31$3,494,501$3,164,671$3,071,279$3,516,733
32$3,827,574$3,296,373$3,150,800$3,740,436
33$4,193,883$3,433,792$3,232,249$3,982,242
34$4,596,797$3,577,185$3,315,667$4,243,823
35$5,040,024$3,726,822$3,401,096$4,527,013
36$5,527,653$3,882,983$3,488,579$4,833,828
37$6,064,188$4,045,962$3,578,160$5,166,482
38$6,654,588$4,216,068$3,669,882$5,527,405
39$7,304,324$4,393,623$3,763,791$5,919,268
40$8,019,417$4,578,963$3,859,930$6,345,008
41$8,806,507$4,772,441$3,958,347$6,807,849
42$9,672,907$4,974,427$4,059,088$7,311,336
43$10,626,677$5,185,307$4,162,200$7,859,368
44$11,676,695$5,405,484$4,267,731$8,456,228
45$12,832,747$5,635,382$4,375,730$9,106,629
46$14,105,615$5,875,444$4,486,245$9,815,751
47$15,507,179$6,126,132$4,599,325$10,589,293
48$17,050,531$6,387,932$4,715,022$11,433,522
49$18,750,096$6,661,351$4,833,386$12,355,332
50$20,621,769$6,946,921$4,954,467$13,362,308
51$22,683,066$7,245,197$5,078,319$14,462,795
52$24,953,289$7,556,762$5,204,993$15,665,974
53$27,453,706$7,882,224$5,334,542$16,981,949
54$30,207,754$8,222,223$5,467,019$18,421,840
55$33,241,258$8,577,425$5,602,477$19,997,883
56$36,582,678$8,948,530$5,740,971$21,723,546
57$40,263,373$9,336,270$5,882,556$23,613,655
58$44,317,900$9,741,411$6,027,285$25,684,529
59$48,784,341$10,164,755$6,175,214$27,954,131
60$53,704,659$10,607,143$6,326,398$30,442,240
61$59,125,094$11,069,453$6,480,893$33,170,627
62$65,096,605$11,552,607$6,638,754$36,163,266
63$71,675,343$12,057,570$6,800,037$39,446,553
64$78,923,188$12,585,350$6,964,798$43,049,550
65$86,908,327$13,137,006$7,133,092$47,004,262
66$95,705,901$13,713,645$7,304,976$51,345,933
67$105,398,716$14,316,426$7,480,506$56,113,371
68$116,078,018$14,946,565$7,659,736$61,349,318
69$127,844,361$15,605,331$7,842,722$67,100,846
70$140,808,552$16,294,059$8,029,520$73,419,797
71$155,092,699$17,014,142$8,220,183$80,363,268
72$170,831,362$17,767,042$8,414,766$87,994,147
73$188,172,823$18,554,289$8,613,323$96,381,703
74$207,280,488$19,377,487$8,815,906$105,602,232
75$228,334,426$20,238,313$9,022,568$115,739,776
76$251,533,074$21,138,526$9,233,360$126,886,907
77$277,095,102$22,079,969$9,448,333$139,145,600
78$305,261,486$23,064,570$9,667,535$152,628,186
79$336,297,775$24,094,352$9,891,015$167,458,409
80$370,496,604$25,171,431$10,118,820$183,772,588
81$408,180,451$26,298,025$10,350,994$201,720,894
82$449,704,687$27,476,457$10,587,582$221,468,767
83$495,460,924$28,709,163$10,828,625$243,198,466
84$545,880,717$29,998,691$11,074,163$267,110,782
85$601,439,638$31,347,714$11,324,235$293,426,929
86$662,661,759$32,759,030$11,578,875$322,390,621
87$730,124,608$34,235,572$11,838,116$354,270,369
88$804,464,615$35,780,412$12,101,990$389,362,000
89$886,383,122$37,396,769$12,370,524$427,991,446
90$976,653,006$39,088,016$12,643,741$470,517,809
91$1,076,125,970$40,857,686$12,921,664$517,336,744
92$1,185,740,588$42,709,482$13,204,310$568,884,177
93$1,306,531,166$44,647,284$13,491,691$625,640,418
94$1,439,637,501$46,675,157$13,783,819$688,134,674
95$1,586,315,647$48,797,361$14,080,698$756,950,042
96$1,747,949,770$51,018,359$14,382,329$832,728,997
97$1,926,065,217$53,342,829$14,688,707$916,179,442
98$2,122,342,913$55,775,671$14,999,822$1,008,081,381
99$2,338,635,234$58,322,023$15,315,660$1,109,294,265
100$2,576,983,492$60,987,266$15,636,199$1,220,765,095