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%14.5%
1 years$239,479$237,346$235,265$233,234$231,250$226,952
2 years$118,554$116,346$114,206$112,132$110,119$105,805
3 years$78,251$76,033$73,899$71,844$69,864$65,669
4 years$58,103$55,893$53,780$51,759$49,828$45,783
5 years$46,018$43,821$41,735$39,756$37,878$33,996
6 years$37,964$35,783$33,728$31,793$29,972$26,256
7 years$32,213$30,050$28,028$26,139$24,375$20,826
8 years$27,902$25,759$23,770$21,927$20,221$16,839
9 years$24,550$22,428$20,473$18,677$17,029$13,812
10 years$21,871$19,769$17,849$16,100$14,510$11,454
11 years$19,680$17,599$15,714$14,012$12,479$9,581
12 years$17,855$15,796$13,946$12,290$10,814$8,070
13 years$16,313$14,275$12,460$10,850$9,430$6,836
14 years$14,992$12,975$11,195$9,632$8,266$5,817
15 years$13,848$11,853$10,108$8,590$7,278$4,969
16 years$12,848$10,875$9,164$7,691$6,433$4,259
17 years$11,967$10,016$8,339$6,911$5,704$3,659
18 years$11,184$9,255$7,612$6,228$5,071$3,152
19 years$10,485$8,577$6,969$5,627$4,520$2,719
20 years$9,856$7,970$6,396$5,097$4,038$2,350
21 years$9,288$7,424$5,883$4,626$3,613$2,034
22 years$8,772$6,930$5,422$4,206$3,239$1,763
23 years$8,302$6,482$5,006$3,830$2,907$1,529
24 years$7,872$6,073$4,630$3,493$2,613$1,328
25 years$7,477$5,699$4,288$3,190$2,351$1,154
26 years$7,112$5,356$3,977$2,917$2,118$1,003
27 years$6,776$5,041$3,693$2,670$1,910$873
28 years$6,463$4,750$3,433$2,446$1,723$760
29 years$6,173$4,481$3,195$2,243$1,556$662
30 years$5,903$4,232$2,976$2,059$1,406$576
31 years$5,651$4,001$2,774$1,891$1,271$502
32 years$5,415$3,785$2,588$1,738$1,150$438
33 years$5,193$3,585$2,417$1,598$1,040$382
34 years$4,986$3,398$2,258$1,470$942$333
35 years$4,790$3,223$2,111$1,354$853$290
36 years$4,606$3,059$1,975$1,247$773$253
37 years$4,432$2,905$1,849$1,149$701$221
38 years$4,268$2,761$1,731$1,059$635$193
39 years$4,112$2,625$1,622$976$576$168
40 years$3,965$2,498$1,520$900$522$147
41 years$3,825$2,378$1,425$831$474$128
42 years$3,692$2,264$1,337$767$430$112
43 years$3,566$2,157$1,255$708$390$98
44 years$3,446$2,056$1,178$653$354$85
45 years$3,331$1,961$1,106$603$322$74
46 years$3,222$1,871$1,039$557$292$65
47 years$3,118$1,785$976$515$265$57
48 years$3,018$1,704$917$476$241$50
49 years$2,923$1,628$862$440$219$43
50 years$2,831$1,555$810$406$199$38

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 $4,287 every year, while hoping to spend $43,375 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: 50/31/19 Blend
29$2,900,000$2,900,000$2,900,000$2,900,000
30$3,200,222$3,046,522$3,001,572$3,343,104
31$3,480,494$3,149,651$3,055,974$3,545,422
32$3,787,900$3,256,379$3,110,745$3,760,370
33$4,125,162$3,366,838$3,165,851$3,993,051
34$4,495,278$3,481,162$3,221,256$4,245,154
35$4,901,550$3,599,493$3,276,922$4,518,537
36$5,347,616$3,721,976$3,332,807$4,815,243
37$5,837,483$3,848,764$3,388,866$5,137,521
38$6,375,566$3,980,012$3,445,053$5,487,845
39$6,966,727$4,115,886$3,501,315$5,868,938
40$7,616,323$4,256,555$3,557,599$6,283,797
41$8,330,256$4,402,194$3,613,847$6,735,719
42$9,115,028$4,552,987$3,669,997$7,228,335
43$9,977,802$4,709,125$3,725,982$7,765,640
44$10,926,469$4,870,804$3,781,735$8,352,033
45$11,969,725$5,038,229$3,837,179$8,992,357
46$13,117,149$5,211,614$3,892,236$9,691,945
47$14,379,295$5,391,181$3,946,824$10,456,668
48$15,767,793$5,577,158$4,000,851$11,292,990
49$17,295,454$5,769,785$4,054,226$12,208,031
50$18,976,396$5,969,310$4,106,849$13,209,632
51$20,826,174$6,175,991$4,158,613$14,306,425
52$22,861,925$6,390,097$4,209,409$15,507,919
53$25,102,535$6,611,905$4,259,117$16,824,589
54$27,568,811$6,841,706$4,307,615$18,267,968
55$30,283,681$7,079,800$4,354,771$19,850,762
56$33,272,407$7,326,501$4,400,447$21,586,966
57$36,562,826$7,582,134$4,444,495$23,491,994
58$40,185,613$7,847,036$4,486,764$25,582,830
59$44,174,564$8,121,560$4,527,090$27,878,177
60$48,566,925$8,406,072$4,565,302$30,398,643
61$53,403,732$8,700,950$4,601,221$33,166,928
62$58,730,208$9,006,592$4,634,658$36,208,041
63$64,596,183$9,323,408$4,665,412$39,549,533
64$71,056,565$9,651,827$4,693,274$43,221,758
65$78,171,860$9,992,292$4,718,024$47,258,155
66$86,008,742$10,345,267$4,739,431$51,695,567
67$94,640,682$10,711,233$4,757,250$56,574,586
68$104,148,640$11,090,692$4,771,226$61,939,934
69$114,621,830$11,484,164$4,781,091$67,840,884
70$126,158,561$11,892,193$4,786,562$74,331,726
71$138,867,166$12,315,342$4,787,343$81,472,278
72$152,867,022$12,754,198$4,783,124$89,328,447
73$168,289,678$13,209,374$4,773,579$97,972,851
74$185,280,098$13,681,506$4,758,366$107,485,506
75$203,998,023$14,171,256$4,737,127$117,954,574
76$224,619,487$14,679,313$4,709,487$129,477,201
77$247,338,471$15,206,395$4,675,050$142,160,427
78$272,368,736$15,753,250$4,633,406$156,122,196
79$299,945,844$16,320,655$4,584,121$171,492,473
80$330,329,374$16,909,422$4,526,744$188,414,459
81$363,805,380$17,520,393$4,460,800$207,045,953
82$400,689,085$18,154,448$4,385,792$227,560,831
83$441,327,857$18,812,501$4,301,202$250,150,689
84$486,104,491$19,495,507$4,206,485$275,026,651
85$535,440,820$20,204,457$4,101,072$302,421,359
86$589,801,694$20,940,387$3,984,369$332,591,164
87$649,699,374$21,704,373$3,855,753$365,818,551
88$715,698,362$22,497,538$3,714,572$402,414,799
89$788,420,730$23,321,053$3,560,146$442,722,917
90$868,551,996$24,176,136$3,391,762$487,120,881
91$956,847,590$25,064,057$3,208,676$536,025,202
92$1,054,139,988$25,986,139$3,010,110$589,894,852
93$1,161,346,569$26,943,763$2,795,252$649,235,597
94$1,279,478,278$27,938,366$2,563,252$714,604,768
95$1,409,649,163$28,971,447$2,313,222$786,616,521
96$1,553,086,898$30,044,568$2,044,235$865,947,629
97$1,711,144,368$31,159,358$1,755,322$953,343,873
98$1,885,312,441$32,317,515$1,445,474$1,049,627,076
99$2,077,234,046$33,520,808$1,113,633$1,155,702,859
100$2,288,719,676$34,771,085$758,697$1,272,569,191