Can I retire at age 30 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$239,479$237,346$235,265$233,234$231,250$223,223
2 years$118,554$116,346$114,206$112,132$110,119$102,115
3 years$78,251$76,033$73,899$71,844$69,864$62,134
4 years$58,103$55,893$53,780$51,759$49,828$42,431
5 years$46,018$43,821$41,735$39,756$37,878$30,835
6 years$37,964$35,783$33,728$31,793$29,972$23,287
7 years$32,213$30,050$28,028$26,139$24,375$18,047
8 years$27,902$25,759$23,770$21,927$20,221$14,246
9 years$24,550$22,428$20,473$18,677$17,029$11,398
10 years$21,871$19,769$17,849$16,100$14,510$9,214
11 years$19,680$17,599$15,714$14,012$12,479$7,508
12 years$17,855$15,796$13,946$12,290$10,814$6,156
13 years$16,313$14,275$12,460$10,850$9,430$5,072
14 years$14,992$12,975$11,195$9,632$8,266$4,196
15 years$13,848$11,853$10,108$8,590$7,278$3,483
16 years$12,848$10,875$9,164$7,691$6,433$2,899
17 years$11,967$10,016$8,339$6,911$5,704$2,418
18 years$11,184$9,255$7,612$6,228$5,071$2,020
19 years$10,485$8,577$6,969$5,627$4,520$1,690
20 years$9,856$7,970$6,396$5,097$4,038$1,416
21 years$9,288$7,424$5,883$4,626$3,613$1,188
22 years$8,772$6,930$5,422$4,206$3,239$997
23 years$8,302$6,482$5,006$3,830$2,907$837
24 years$7,872$6,073$4,630$3,493$2,613$704
25 years$7,477$5,699$4,288$3,190$2,351$592
26 years$7,112$5,356$3,977$2,917$2,118$498
27 years$6,776$5,041$3,693$2,670$1,910$419
28 years$6,463$4,750$3,433$2,446$1,723$353
29 years$6,173$4,481$3,195$2,243$1,556$297
30 years$5,903$4,232$2,976$2,059$1,406$250
31 years$5,651$4,001$2,774$1,891$1,271$211
32 years$5,415$3,785$2,588$1,738$1,150$178
33 years$5,193$3,585$2,417$1,598$1,040$150
34 years$4,986$3,398$2,258$1,470$942$126
35 years$4,790$3,223$2,111$1,354$853$106
36 years$4,606$3,059$1,975$1,247$773$90
37 years$4,432$2,905$1,849$1,149$701$75
38 years$4,268$2,761$1,731$1,059$635$64
39 years$4,112$2,625$1,622$976$576$54
40 years$3,965$2,498$1,520$900$522$45
41 years$3,825$2,378$1,425$831$474$38
42 years$3,692$2,264$1,337$767$430$32
43 years$3,566$2,157$1,255$708$390$27
44 years$3,446$2,056$1,178$653$354$23
45 years$3,331$1,961$1,106$603$322$19
46 years$3,222$1,871$1,039$557$292$16
47 years$3,118$1,785$976$515$265$14
48 years$3,018$1,704$917$476$241$12
49 years$2,923$1,628$862$440$219$10
50 years$2,831$1,555$810$406$199$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,900,000, adding $4,861 every year, while hoping to spend $52,400 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: 62/19/19 Blend
29$2,900,000$2,900,000$2,900,000$2,900,000
30$3,200,814$3,047,114$3,002,164$3,383,369
31$3,471,544$3,140,670$3,046,983$3,600,585
32$3,768,132$3,237,053$3,091,548$3,831,326
33$4,093,161$3,336,348$3,135,794$4,082,020
34$4,449,473$3,438,639$3,179,653$4,354,615
35$4,840,203$3,544,015$3,223,055$4,651,254
36$5,268,798$3,652,567$3,265,922$4,974,297
37$5,739,059$3,764,386$3,308,174$5,326,344
38$6,255,172$3,879,570$3,349,726$5,710,256
39$6,821,746$3,998,215$3,390,489$6,129,186
40$7,443,860$4,120,424$3,430,366$6,586,605
41$8,127,107$4,246,298$3,469,257$7,086,335
42$8,877,652$4,375,946$3,507,056$7,632,588
43$9,702,281$4,509,476$3,543,652$8,230,003
44$10,608,475$4,647,002$3,578,925$8,883,688
45$11,604,471$4,788,637$3,612,752$9,599,272
46$12,699,349$4,934,502$3,645,000$10,382,955
47$13,903,107$5,084,717$3,675,532$11,241,567
48$15,226,765$5,239,409$3,704,203$12,182,631
49$16,682,459$5,398,705$3,730,859$13,214,439
50$18,283,566$5,562,737$3,755,338$14,346,121
51$20,044,819$5,731,641$3,777,472$15,587,740
52$21,982,455$5,905,555$3,797,081$16,950,381
53$24,114,361$6,084,623$3,813,979$18,446,259
54$26,460,247$6,268,990$3,827,968$20,088,829
55$29,041,829$6,458,808$3,838,842$21,892,920
56$31,883,035$6,654,230$3,846,383$23,874,868
57$35,010,232$6,855,413$3,850,364$26,052,674
58$38,452,468$7,062,522$3,850,544$28,446,173
59$42,241,756$7,275,721$3,846,673$31,077,218
60$46,413,366$7,495,182$3,838,487$33,969,892
61$51,006,162$7,721,079$3,825,710$37,150,730
62$56,062,971$7,953,592$3,808,051$40,648,970
63$61,630,981$8,192,906$3,785,208$44,496,832
64$67,762,190$8,439,207$3,756,862$48,729,817
65$74,513,896$8,692,690$3,722,678$53,387,047
66$81,949,234$8,953,552$3,682,309$58,511,631
67$90,137,776$9,221,997$3,635,387$64,151,071
68$99,156,186$9,498,232$3,581,529$70,357,713
69$109,088,941$9,782,469$3,520,334$77,189,240
70$120,029,130$10,074,927$3,451,382$84,709,215
71$132,079,331$10,375,829$3,374,234$92,987,683
72$145,352,581$10,685,402$3,288,428$102,101,829
73$159,973,439$11,003,881$3,193,485$112,136,711
74$176,079,163$11,331,505$3,088,901$123,186,058
75$193,821,007$11,668,518$2,974,148$135,353,158
76$213,365,645$12,015,170$2,848,677$148,751,831
77$234,896,745$12,371,718$2,711,912$163,507,507
78$258,616,703$12,738,422$2,563,251$179,758,405
79$284,748,552$13,115,550$2,402,065$197,656,839
80$313,538,067$13,503,375$2,227,697$217,370,659
81$345,256,086$13,902,177$2,039,461$239,084,834
82$380,201,062$14,312,239$1,836,639$263,003,195
83$418,701,885$14,733,853$1,618,481$289,350,365
84$461,120,982$15,167,316$1,384,204$318,373,874
85$507,857,739$15,612,932$1,132,992$350,346,499
86$559,352,272$16,071,008$863,990$385,568,840
87$616,089,577$16,541,862$576,308$424,372,154
88$678,604,114$17,025,813$269,014$467,121,488
89$747,484,846$17,523,190$0$514,219,121
90$823,380,801$18,034,327$0$566,120,306
91$907,007,197$18,559,563$0$623,360,604
92$999,152,194$19,099,244$0$686,423,990
93$1,100,684,334$19,653,724$0$755,903,954
94$1,212,560,738$20,223,359$0$832,454,512
95$1,335,836,144$20,808,514$0$916,796,372
96$1,471,672,859$21,409,560$0$1,009,723,742
97$1,621,351,734$22,026,871$0$1,112,111,825
98$1,786,284,254$22,660,831$0$1,224,925,077
99$1,968,025,862$23,311,826$0$1,349,226,315
100$2,168,290,644$23,980,249$0$1,486,186,748