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%14.5%
1 years$238,653$236,528$234,454$232,429$230,453$226,170
2 years$118,145$115,945$113,812$111,745$109,739$105,440
3 years$77,981$75,771$73,644$71,596$69,623$65,442
4 years$57,903$55,700$53,594$51,581$49,656$45,625
5 years$45,859$43,669$41,591$39,619$37,748$33,878
6 years$37,833$35,659$33,612$31,684$29,868$26,165
7 years$32,102$29,947$27,932$26,049$24,291$20,755
8 years$27,805$25,670$23,688$21,852$20,152$16,781
9 years$24,466$22,350$20,403$18,613$16,971$13,764
10 years$21,795$19,701$17,788$16,044$14,460$11,415
11 years$19,612$17,538$15,660$13,964$12,436$9,548
12 years$17,794$15,741$13,898$12,248$10,777$8,042
13 years$16,257$14,226$12,417$10,813$9,398$6,812
14 years$14,940$12,931$11,156$9,599$8,238$5,797
15 years$13,800$11,812$10,073$8,560$7,253$4,952
16 years$12,804$10,838$9,132$7,665$6,410$4,244
17 years$11,925$9,981$8,310$6,887$5,684$3,647
18 years$11,146$9,223$7,586$6,206$5,054$3,141
19 years$10,449$8,548$6,945$5,608$4,505$2,710
20 years$9,822$7,943$6,374$5,079$4,024$2,342
21 years$9,256$7,399$5,862$4,610$3,601$2,027
22 years$8,742$6,906$5,403$4,191$3,228$1,757
23 years$8,274$6,459$4,989$3,817$2,897$1,524
24 years$7,845$6,052$4,614$3,481$2,604$1,323
25 years$7,451$5,679$4,273$3,179$2,343$1,150
26 years$7,088$5,338$3,963$2,907$2,111$1,000
27 years$6,752$5,024$3,680$2,661$1,903$870
28 years$6,441$4,734$3,421$2,438$1,717$757
29 years$6,152$4,466$3,184$2,236$1,551$659
30 years$5,883$4,217$2,966$2,052$1,401$574
31 years$5,631$3,987$2,765$1,884$1,267$501
32 years$5,396$3,772$2,580$1,732$1,146$436
33 years$5,176$3,572$2,409$1,593$1,037$380
34 years$4,968$3,386$2,250$1,465$939$332
35 years$4,774$3,211$2,104$1,349$850$289
36 years$4,590$3,048$1,968$1,242$770$252
37 years$4,417$2,895$1,842$1,145$698$220
38 years$4,253$2,751$1,725$1,055$633$192
39 years$4,098$2,616$1,616$973$574$168
40 years$3,951$2,489$1,515$897$521$146
41 years$3,812$2,369$1,421$828$472$128
42 years$3,679$2,257$1,332$764$429$112
43 years$3,554$2,150$1,250$705$389$97
44 years$3,434$2,049$1,174$651$353$85
45 years$3,320$1,954$1,102$601$321$74
46 years$3,211$1,864$1,035$555$291$65
47 years$3,107$1,779$972$513$264$57
48 years$3,007$1,698$914$474$240$49
49 years$2,913$1,622$859$438$218$43
50 years$2,822$1,549$808$405$198$38

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 $5,775 every year, while hoping to spend $51,875 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: 52/31/17 Blend
29$2,890,000$2,890,000$2,890,000$2,890,000
30$3,190,737$3,037,567$2,992,772$3,341,581
31$3,460,997$3,131,213$3,037,835$3,539,342
32$3,757,086$3,227,709$3,082,669$3,748,398
33$4,081,582$3,327,140$3,127,212$3,974,640
34$4,437,327$3,429,594$3,171,397$4,219,712
35$4,827,450$3,535,159$3,215,154$4,485,426
36$5,255,397$3,643,929$3,258,409$4,773,773
37$5,724,964$3,755,998$3,301,083$5,086,945
38$6,240,333$3,871,465$3,343,092$5,427,356
39$6,806,109$3,990,429$3,384,347$5,797,663
40$7,427,366$4,112,994$3,424,757$6,200,789
41$8,109,693$4,239,267$3,464,222$6,639,956
42$8,859,247$4,369,356$3,502,639$7,118,709
43$9,682,810$4,503,373$3,539,896$7,640,951
44$10,587,853$4,641,436$3,575,880$8,210,982
45$11,582,609$4,783,661$3,610,467$8,833,537
46$12,676,146$4,930,171$3,643,528$9,513,828
47$13,878,455$5,081,092$3,674,929$10,257,599
48$15,200,544$5,236,552$3,704,526$11,071,174
49$16,654,541$5,396,684$3,732,168$11,961,520
50$18,253,807$5,561,624$3,757,698$12,936,310
51$20,013,063$5,731,512$3,780,950$14,003,997
52$21,948,531$5,906,492$3,801,747$15,173,892
53$24,078,082$6,086,710$3,819,906$16,456,252
54$26,421,407$6,272,320$3,835,234$17,862,377
55$29,000,204$6,463,477$3,847,527$19,404,715
56$31,838,378$6,660,340$3,856,572$21,096,980
57$34,962,270$6,863,075$3,862,145$22,954,281
58$38,400,905$7,071,849$3,864,011$24,993,263
59$42,186,264$7,286,836$3,861,922$27,232,267
60$46,353,587$7,508,215$3,855,620$29,691,499
61$50,941,702$7,736,167$3,844,833$32,393,221
62$55,993,397$7,970,881$3,829,276$35,361,964
63$61,555,818$8,212,548$3,808,651$38,624,753
64$67,680,915$8,461,366$3,782,645$42,211,370
65$74,425,933$8,717,539$3,750,928$46,154,625
66$81,853,953$8,981,272$3,713,159$50,490,674
67$90,034,483$9,252,781$3,668,976$55,259,355
68$99,044,117$9,532,284$3,618,004$60,504,564
69$108,967,256$9,820,006$3,559,846$66,274,670
70$119,896,906$10,116,175$3,494,090$72,622,973
71$131,935,551$10,421,029$3,420,304$79,608,201
72$145,196,128$10,734,810$3,338,034$87,295,070
73$159,803,082$11,057,765$3,246,808$95,754,891
74$175,893,550$11,390,149$3,146,129$105,066,245
75$193,618,648$11,732,222$3,035,480$115,315,721
76$213,144,900$12,084,251$2,914,319$126,598,737
77$234,655,811$12,446,510$2,782,079$139,020,437
78$258,353,593$12,819,278$2,638,169$152,696,685
79$284,461,080$13,202,844$2,481,968$167,755,160
80$313,223,827$13,597,500$2,312,830$184,336,555
81$344,912,426$14,003,547$2,130,080$202,595,912
82$379,825,066$14,421,293$1,933,010$222,704,080
83$418,290,340$14,851,053$1,720,882$244,849,329
84$460,670,349$15,293,149$1,492,927$269,239,129
85$507,364,123$15,747,912$1,248,338$296,102,106
86$558,811,382$16,215,678$986,276$325,690,199
87$615,496,689$16,696,792$705,862$358,281,041
88$677,954,024$17,191,608$406,181$394,180,579
89$746,771,822$17,700,484$86,276$433,725,958
90$822,598,530$18,223,790$0$477,288,711
91$906,148,725$18,761,901$0$525,324,534
92$998,209,863$19,315,201$0$578,258,039
93$1,099,649,706$19,884,083$0$636,570,948
94$1,211,424,520$20,468,948$0$700,811,369
95$1,334,588,098$21,070,202$0$771,583,299
96$1,470,301,706$21,688,264$0$849,552,325
97$1,619,845,049$22,323,558$0$935,451,905
98$1,784,628,349$22,976,518$0$1,030,090,293
99$1,966,205,657$23,647,584$0$1,134,358,164
100$2,166,289,525$24,337,207$0$1,249,237,025