Can I retire at age 30 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$240,305$238,165$236,076$234,038$232,047$224,082
2 years$118,963$116,747$114,600$112,518$110,499$102,555
3 years$78,521$76,296$74,154$72,091$70,105$62,432
4 years$58,304$56,085$53,965$51,938$49,999$42,656
5 years$46,177$43,972$41,879$39,893$38,009$31,014
6 years$38,095$35,906$33,845$31,903$30,075$23,435
7 years$32,324$30,154$28,125$26,229$24,459$18,173
8 years$27,998$25,847$23,852$22,003$20,291$14,353
9 years$24,635$22,505$20,544$18,742$17,088$11,491
10 years$21,946$19,837$17,911$16,156$14,560$9,295
11 years$19,748$17,660$15,768$14,060$12,522$7,579
12 years$17,917$15,850$13,994$12,333$10,851$6,218
13 years$16,369$14,324$12,503$10,888$9,463$5,127
14 years$15,044$13,020$11,234$9,665$8,295$4,245
15 years$13,896$11,894$10,142$8,620$7,303$3,526
16 years$12,892$10,913$9,196$7,718$6,455$2,936
17 years$12,008$10,050$8,368$6,934$5,723$2,451
18 years$11,223$9,287$7,639$6,249$5,089$2,049
19 years$10,521$8,607$6,993$5,647$4,536$1,716
20 years$9,890$7,998$6,418$5,114$4,051$1,439
21 years$9,320$7,450$5,903$4,641$3,626$1,208
22 years$8,803$6,954$5,441$4,220$3,250$1,015
23 years$8,331$6,504$5,023$3,843$2,917$853
24 years$7,899$6,094$4,646$3,505$2,622$717
25 years$7,502$5,719$4,303$3,201$2,359$604
26 years$7,137$5,375$3,991$2,927$2,125$508
27 years$6,799$5,058$3,706$2,679$1,916$428
28 years$6,486$4,766$3,445$2,455$1,729$361
29 years$6,195$4,497$3,206$2,251$1,561$304
30 years$5,924$4,246$2,986$2,066$1,411$256
31 years$5,670$4,014$2,784$1,897$1,275$216
32 years$5,433$3,798$2,597$1,744$1,154$182
33 years$5,211$3,597$2,425$1,604$1,044$154
34 years$5,003$3,409$2,266$1,475$945$130
35 years$4,807$3,234$2,119$1,358$856$109
36 years$4,622$3,069$1,982$1,251$776$92
37 years$4,447$2,915$1,855$1,152$703$78
38 years$4,282$2,770$1,737$1,062$637$66
39 years$4,126$2,634$1,627$979$578$55
40 years$3,978$2,506$1,525$903$524$47
41 years$3,838$2,386$1,430$834$476$39
42 years$3,705$2,272$1,342$769$432$33
43 years$3,578$2,165$1,259$710$392$28
44 years$3,457$2,064$1,182$656$356$24
45 years$3,343$1,968$1,110$606$323$20
46 years$3,233$1,877$1,042$559$293$17
47 years$3,128$1,791$979$517$266$14
48 years$3,028$1,710$920$477$242$12
49 years$2,933$1,633$865$441$219$10
50 years$2,841$1,560$813$408$199$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,910,000, adding $2,731 every year, while hoping to spend $43,538 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: 66/7/27 Blend
29$2,910,000$2,910,000$2,910,000$2,910,000
30$3,209,637$3,055,407$3,010,302$3,398,577
31$3,490,696$3,158,798$3,064,823$3,629,723
32$3,798,964$3,265,796$3,119,711$3,877,222
33$4,137,169$3,376,531$3,174,933$4,146,867
34$4,508,320$3,491,140$3,230,452$4,440,844
35$4,915,726$3,609,763$3,286,230$4,761,561
36$5,363,035$3,732,547$3,342,224$5,111,671
37$5,854,266$3,859,644$3,398,390$5,494,095
38$6,393,845$3,991,210$3,454,680$5,912,050
39$6,986,648$4,127,410$3,511,043$6,369,081
40$7,638,047$4,268,414$3,567,423$6,869,092
41$8,353,960$4,414,398$3,623,764$7,416,385
42$9,140,906$4,565,545$3,680,002$8,015,697
43$10,006,067$4,722,047$3,736,071$8,672,248
44$10,957,358$4,884,099$3,791,902$9,391,789
45$12,003,497$5,051,908$3,847,419$10,180,655
46$13,154,090$5,225,688$3,902,543$11,045,826
47$14,419,719$5,405,659$3,957,191$11,994,994
48$15,812,046$5,592,052$4,011,272$13,036,630
49$17,343,918$5,785,105$4,064,693$14,180,071
50$19,029,491$5,985,069$4,117,354$15,435,603
51$20,884,362$6,192,200$4,169,147$16,814,560
52$22,925,716$6,406,767$4,219,963$18,329,430
53$25,172,490$6,629,049$4,269,683$19,993,973
54$27,645,547$6,859,336$4,318,180$21,823,351
55$30,367,879$7,097,929$4,365,325$23,834,270
56$33,364,816$7,345,141$4,410,977$26,045,139
57$36,664,273$7,601,299$4,454,991$28,476,244
58$40,297,006$7,866,740$4,497,210$31,149,937
59$44,296,907$8,141,816$4,537,473$34,090,848
60$48,701,320$8,426,893$4,575,607$37,326,117
61$53,551,396$8,722,353$4,611,431$40,885,653
62$58,892,480$9,028,590$4,644,756$44,802,412
63$64,774,538$9,346,016$4,675,380$49,112,709
64$71,252,630$9,675,059$4,703,094$53,856,563
65$78,387,426$10,016,165$4,727,675$59,078,074
66$86,245,782$10,369,796$4,748,892$64,825,836
67$94,901,371$10,736,435$4,766,498$71,153,398
68$104,435,372$11,116,582$4,780,238$78,119,772
69$114,937,245$11,510,759$4,789,841$85,789,985
70$126,505,567$11,919,510$4,795,023$94,235,696
71$139,248,967$12,343,398$4,795,489$103,535,872
72$153,287,148$12,783,011$4,790,924$113,777,532
73$168,752,019$13,238,960$4,781,002$125,056,569
74$185,788,940$13,711,884$4,765,380$137,478,657
75$204,558,088$14,202,443$4,743,697$151,160,248
76$225,235,979$14,711,328$4,715,576$166,229,667
77$248,017,122$15,239,256$4,680,622$182,828,330
78$273,115,865$15,786,976$4,638,419$201,112,076
79$300,768,411$16,355,266$4,588,534$221,252,635
80$331,235,051$16,944,936$4,530,511$243,439,256
81$364,802,618$17,556,830$4,463,875$267,880,488
82$401,787,197$18,191,826$4,388,127$294,806,152
83$442,537,107$18,850,841$4,302,745$324,469,508
84$487,436,187$19,534,828$4,207,183$357,149,650
85$536,907,423$20,244,780$4,100,868$393,154,137
86$591,416,936$20,981,730$3,983,203$432,821,899
87$651,478,386$21,746,757$3,853,563$476,526,434
88$717,657,817$22,540,984$3,711,293$524,679,339
89$790,579,001$23,365,579$3,555,709$577,734,192
90$870,929,330$24,221,763$3,386,095$636,190,836
91$959,466,296$25,110,804$3,201,704$700,600,098
92$1,057,024,652$26,034,027$3,001,755$771,568,987
93$1,164,524,284$26,992,811$2,785,431$849,766,430
94$1,282,978,895$27,988,594$2,551,877$935,929,584
95$1,413,505,581$29,022,874$2,300,204$1,030,870,793
96$1,557,335,369$30,097,213$2,029,479$1,135,485,266
97$1,715,824,839$31,213,239$1,738,729$1,250,759,519
98$1,890,468,936$32,372,650$1,426,939$1,377,780,697
99$2,082,915,074$33,577,217$1,093,048$1,517,746,833
100$2,294,978,694$34,828,784$735,949$1,671,978,161