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

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 $2,900,000?

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 $3,460 every year, while hoping to spend $25,082 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: 81/7/12 Blend
29$2,900,000$2,900,000$2,900,000$2,900,000
30$3,199,369$3,045,669$3,000,719$3,451,292
31$3,499,018$3,168,220$3,074,556$3,739,646
32$3,828,390$3,295,935$3,150,026$4,052,463
33$4,190,491$3,429,041$3,227,157$4,395,100
34$4,588,631$3,567,775$3,305,978$4,770,531
35$5,026,460$3,712,384$3,386,516$5,182,036
36$5,507,995$3,863,127$3,468,801$5,633,224
37$6,037,666$4,020,275$3,552,860$6,128,071
38$6,620,350$4,184,111$3,638,723$6,670,957
39$7,261,423$4,354,930$3,726,418$7,266,705
40$7,966,809$4,533,042$3,815,974$7,920,629
41$8,743,032$4,718,770$3,907,418$8,638,580
42$9,597,284$4,912,452$4,000,779$9,427,007
43$10,537,488$5,114,443$4,096,086$10,293,010
44$11,572,372$5,325,111$4,193,365$11,244,412
45$12,711,557$5,544,844$4,292,646$12,289,832
46$13,965,640$5,774,047$4,393,954$13,438,764
47$15,346,302$6,013,141$4,497,318$14,701,666
48$16,866,410$6,262,571$4,602,763$16,090,063
49$18,540,145$6,522,798$4,710,317$17,616,648
50$20,383,132$6,794,307$4,820,005$19,295,408
51$22,412,589$7,077,605$4,931,852$21,141,751
52$24,647,486$7,373,221$5,045,883$23,172,656
53$27,108,731$7,681,710$5,162,121$25,406,825
54$29,819,360$8,003,652$5,280,590$27,864,869
55$32,804,757$8,339,653$5,401,312$30,569,494
56$36,092,895$8,690,349$5,524,309$33,545,717
57$39,714,598$9,056,404$5,649,601$36,821,104
58$43,703,832$9,438,513$5,777,208$40,426,027
59$48,098,025$9,837,402$5,907,147$44,393,952
60$52,938,423$10,253,834$6,039,435$48,761,754
61$58,270,475$10,688,605$6,174,089$53,570,061
62$64,144,265$11,142,548$6,311,123$58,863,644
63$70,614,983$11,616,536$6,450,548$64,691,830
64$77,743,446$12,111,481$6,592,376$71,108,976
65$85,596,673$12,628,339$6,736,616$78,174,976
66$94,248,516$13,168,110$6,883,275$85,955,826
67$103,780,358$13,731,841$7,032,358$94,524,247
68$114,281,880$14,320,627$7,183,868$103,960,372
69$125,851,910$14,935,615$7,337,806$114,352,500
70$138,599,350$15,578,006$7,494,168$125,797,929
71$152,644,212$16,249,056$7,652,950$138,403,875
72$168,118,743$16,950,082$7,814,146$152,288,480
73$185,168,678$17,682,459$7,977,743$167,581,931
74$203,954,614$18,447,630$8,143,728$184,427,684
75$224,653,526$19,247,105$8,312,084$202,983,818
76$247,460,436$20,082,463$8,482,789$223,424,530
77$272,590,256$20,955,360$8,655,818$245,941,772
78$300,279,818$21,867,528$8,831,144$270,747,068
79$330,790,103$22,820,780$9,008,731$298,073,506
80$364,408,712$23,817,017$9,188,542$328,177,938
81$401,452,577$24,858,228$9,370,534$361,343,406
82$442,270,953$25,946,494$9,554,660$397,881,808
83$487,248,715$27,083,997$9,740,866$438,136,846
84$536,809,991$28,273,020$9,929,093$482,487,266
85$591,422,168$29,515,956$10,119,275$531,350,434
86$651,600,300$30,815,308$10,311,341$585,186,274
87$717,911,973$32,173,701$10,505,214$644,501,607
88$790,982,662$33,593,880$10,700,807$709,854,938
89$871,501,638$35,078,724$10,898,027$781,861,720
90$960,228,469$36,631,246$11,096,776$861,200,173
91$1,058,000,198$38,254,602$11,296,943$948,617,673
92$1,165,739,238$39,952,098$11,498,410$1,044,937,815
93$1,284,462,086$41,727,196$11,701,052$1,151,068,182
94$1,415,288,914$43,583,523$11,904,732$1,268,008,914
95$1,559,454,146$45,524,879$12,109,304$1,396,862,142
96$1,718,318,114$47,555,243$12,314,611$1,538,842,400
97$1,893,379,895$49,678,783$12,520,484$1,695,288,079
98$2,086,291,467$51,899,867$12,726,743$1,867,674,068
99$2,298,873,306$54,223,069$12,933,198$2,057,625,671
100$2,533,131,565$56,653,182$13,139,642$2,266,933,948