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%17.6%
1 years$239,479$237,346$235,265$233,234$231,250$224,117
2 years$118,554$116,346$114,206$112,132$110,119$102,995
3 years$78,251$76,033$73,899$71,844$69,864$62,972
4 years$58,103$55,893$53,780$51,759$49,828$43,221
5 years$46,018$43,821$41,735$39,756$37,878$31,575
6 years$37,964$35,783$33,728$31,793$29,972$23,977
7 years$32,213$30,050$28,028$26,139$24,375$18,688
8 years$27,902$25,759$23,770$21,927$20,221$14,839
9 years$24,550$22,428$20,473$18,677$17,029$11,946
10 years$21,871$19,769$17,849$16,100$14,510$9,718
11 years$19,680$17,599$15,714$14,012$12,479$7,969
12 years$17,855$15,796$13,946$12,290$10,814$6,578
13 years$16,313$14,275$12,460$10,850$9,430$5,457
14 years$14,992$12,975$11,195$9,632$8,266$4,546
15 years$13,848$11,853$10,108$8,590$7,278$3,800
16 years$12,848$10,875$9,164$7,691$6,433$3,186
17 years$11,967$10,016$8,339$6,911$5,704$2,677
18 years$11,184$9,255$7,612$6,228$5,071$2,253
19 years$10,485$8,577$6,969$5,627$4,520$1,900
20 years$9,856$7,970$6,396$5,097$4,038$1,604
21 years$9,288$7,424$5,883$4,626$3,613$1,356
22 years$8,772$6,930$5,422$4,206$3,239$1,147
23 years$8,302$6,482$5,006$3,830$2,907$971
24 years$7,872$6,073$4,630$3,493$2,613$823
25 years$7,477$5,699$4,288$3,190$2,351$697
26 years$7,112$5,356$3,977$2,917$2,118$591
27 years$6,776$5,041$3,693$2,670$1,910$502
28 years$6,463$4,750$3,433$2,446$1,723$426
29 years$6,173$4,481$3,195$2,243$1,556$362
30 years$5,903$4,232$2,976$2,059$1,406$307
31 years$5,651$4,001$2,774$1,891$1,271$261
32 years$5,415$3,785$2,588$1,738$1,150$222
33 years$5,193$3,585$2,417$1,598$1,040$188
34 years$4,986$3,398$2,258$1,470$942$160
35 years$4,790$3,223$2,111$1,354$853$136
36 years$4,606$3,059$1,975$1,247$773$116
37 years$4,432$2,905$1,849$1,149$701$98
38 years$4,268$2,761$1,731$1,059$635$83
39 years$4,112$2,625$1,622$976$576$71
40 years$3,965$2,498$1,520$900$522$60
41 years$3,825$2,378$1,425$831$474$51
42 years$3,692$2,264$1,337$767$430$44
43 years$3,566$2,157$1,255$708$390$37
44 years$3,446$2,056$1,178$653$354$32
45 years$3,331$1,961$1,106$603$322$27
46 years$3,222$1,871$1,039$557$292$23
47 years$3,118$1,785$976$515$265$19
48 years$3,018$1,704$917$476$241$16
49 years$2,923$1,628$862$440$219$14
50 years$2,831$1,555$810$406$199$12

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 $4,665 every year, while hoping to spend $27,450 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: 71/13/16 Blend
29$2,900,000$2,900,000$2,900,000$2,900,000
30$3,200,612$3,046,912$3,001,962$3,415,730
31$3,497,868$3,167,004$3,073,321$3,679,348
32$3,824,524$3,292,061$3,146,151$3,964,105
33$4,183,550$3,422,296$3,220,471$4,275,143
34$4,578,217$3,557,934$3,296,303$4,615,058
35$5,012,131$3,699,209$3,373,664$4,986,704
36$5,489,263$3,846,364$3,452,577$5,393,226
37$6,013,988$3,999,656$3,533,058$5,838,084
38$6,591,126$4,159,351$3,615,127$6,325,091
39$7,225,990$4,325,728$3,698,803$6,858,442
40$7,924,430$4,499,078$3,784,102$7,442,760
41$8,692,896$4,679,706$3,871,043$8,083,134
42$9,538,490$4,867,931$3,959,642$8,785,168
43$10,469,040$5,064,084$4,049,915$9,555,036
44$11,493,173$5,268,514$4,141,877$10,399,534
45$12,620,389$5,481,585$4,235,543$11,326,152
46$13,861,162$5,703,675$4,330,926$12,343,136
47$15,227,028$5,935,183$4,428,040$13,459,570
48$16,730,702$6,176,524$4,526,896$14,685,460
49$18,386,192$6,428,132$4,627,505$16,031,828
50$20,208,934$6,690,461$4,729,877$17,510,815
51$22,215,937$6,963,985$4,834,020$19,135,795
52$24,425,943$7,249,201$4,939,941$20,921,503
53$26,859,606$7,546,629$5,047,645$22,884,168
54$29,539,682$7,856,810$5,157,137$25,041,671
55$32,491,248$8,180,312$5,268,420$27,413,711
56$35,741,938$8,517,730$5,381,495$30,021,990
57$39,322,200$8,869,683$5,496,359$32,890,417
58$43,265,588$9,236,821$5,613,011$36,045,333
59$47,609,077$9,619,824$5,731,445$39,515,758
60$52,393,409$10,019,401$5,851,655$43,333,668
61$57,663,481$10,436,296$5,973,629$47,534,289
62$63,468,767$10,871,287$6,097,358$52,156,437
63$69,863,787$11,325,185$6,222,825$57,242,877
64$76,908,617$11,798,842$6,350,013$62,840,726
65$84,669,459$12,293,149$6,478,901$69,001,901
66$93,219,266$12,809,036$6,609,467$75,783,605
67$102,638,429$13,347,477$6,741,682$83,248,866
68$113,015,538$13,909,491$6,875,517$91,467,133
69$124,448,212$14,496,147$7,010,937$100,514,925
70$137,044,031$15,108,558$7,147,904$110,476,560
71$150,921,538$15,747,894$7,286,375$121,444,943
72$166,211,371$16,415,376$7,426,304$133,522,445
73$183,057,485$17,112,284$7,567,640$146,821,866
74$201,618,518$17,839,956$7,710,326$161,467,502
75$222,069,286$18,599,793$7,854,300$177,596,312
76$244,602,431$19,393,260$7,999,497$195,359,213
77$269,430,242$20,221,893$8,145,843$214,922,502
78$296,786,658$21,087,297$8,293,260$236,469,423
79$326,929,476$21,991,154$8,441,664$260,201,899
80$360,142,785$22,935,223$8,590,962$286,342,430
81$396,739,647$23,921,346$8,741,057$315,136,197
82$437,065,050$24,951,452$8,891,842$346,853,374
83$481,499,171$26,027,559$9,043,204$381,791,673
84$530,460,956$27,151,779$9,195,021$420,279,156
85$584,412,083$28,326,326$9,347,164$462,677,329
86$643,861,315$29,553,515$9,499,493$509,384,550
87$709,369,303$30,835,771$9,651,860$560,839,793
88$781,553,881$32,175,633$9,804,107$617,526,783
89$861,095,896$33,575,758$9,956,064$679,978,563
90$948,745,638$35,038,931$10,107,552$748,782,525
91$1,045,329,920$36,568,065$10,258,382$824,585,950
92$1,151,759,883$38,166,212$10,408,349$908,102,117
93$1,269,039,601$39,836,566$10,557,239$1,000,117,035
94$1,398,275,557$41,582,475$10,704,823$1,101,496,855
95$1,540,687,090$43,407,441$10,850,860$1,213,196,052
96$1,697,617,902$45,315,135$10,995,093$1,336,266,424
97$1,870,548,750$47,309,399$11,137,251$1,471,867,024
98$2,061,111,420$49,394,257$11,277,046$1,621,275,097
99$2,271,104,133$51,573,924$11,414,176$1,785,898,131
100$2,502,508,523$53,852,814$11,548,319$1,967,287,145