Can I retire at age 30 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$241,131$238,983$236,887$234,842$232,845$227,493
2 years$119,372$117,149$114,994$112,905$110,879$105,516
3 years$78,791$76,558$74,409$72,339$70,346$65,141
4 years$58,504$56,278$54,150$52,116$50,171$45,163
5 years$46,335$44,123$42,023$40,030$38,139$33,342
6 years$38,225$36,030$33,961$32,013$30,178$25,598
7 years$32,435$30,258$28,222$26,319$24,543$20,179
8 years$28,094$25,936$23,934$22,079$20,361$16,212
9 years$24,720$22,582$20,614$18,806$17,147$13,210
10 years$22,022$19,905$17,972$16,211$14,610$10,881
11 years$19,816$17,720$15,822$14,108$12,565$9,038
12 years$17,979$15,905$14,042$12,375$10,889$7,559
13 years$16,425$14,373$12,546$10,925$9,495$6,356
14 years$15,095$13,065$11,272$9,698$8,323$5,369
15 years$13,944$11,935$10,177$8,649$7,329$4,551
16 years$12,937$10,950$9,227$7,744$6,477$3,870
17 years$12,049$10,085$8,396$6,958$5,743$3,299
18 years$11,261$9,319$7,665$6,271$5,106$2,819
19 years$10,557$8,637$7,017$5,666$4,551$2,412
20 years$9,924$8,025$6,440$5,132$4,065$2,068
21 years$9,352$7,475$5,923$4,657$3,638$1,775
22 years$8,833$6,978$5,459$4,235$3,261$1,525
23 years$8,360$6,526$5,041$3,857$2,927$1,312
24 years$7,926$6,115$4,662$3,517$2,631$1,129
25 years$7,528$5,738$4,318$3,212$2,368$972
26 years$7,161$5,393$4,004$2,937$2,133$838
27 years$6,822$5,076$3,718$2,688$1,923$723
28 years$6,508$4,783$3,457$2,463$1,735$624
29 years$6,216$4,512$3,217$2,259$1,567$538
30 years$5,944$4,261$2,996$2,073$1,416$465
31 years$5,690$4,028$2,793$1,904$1,280$401
32 years$5,452$3,811$2,606$1,750$1,158$346
33 years$5,229$3,609$2,434$1,609$1,048$299
34 years$5,020$3,421$2,274$1,480$949$259
35 years$4,823$3,245$2,126$1,363$859$224
36 years$4,638$3,080$1,989$1,255$778$193
37 years$4,463$2,925$1,861$1,156$706$167
38 years$4,297$2,780$1,743$1,066$640$144
39 years$4,140$2,643$1,633$983$580$125
40 years$3,992$2,515$1,531$907$526$108
41 years$3,851$2,394$1,435$836$477$93
42 years$3,718$2,280$1,346$772$433$81
43 years$3,590$2,172$1,263$713$393$70
44 years$3,469$2,071$1,186$658$357$60
45 years$3,354$1,975$1,113$608$324$52
46 years$3,244$1,884$1,046$561$294$45
47 years$3,139$1,798$983$519$267$39
48 years$3,039$1,716$923$479$243$34
49 years$2,943$1,639$868$443$220$29
50 years$2,851$1,565$816$409$200$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,920,000, adding $4,929 every year, while hoping to spend $27,786 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: 77/10/13 Blend
29$2,920,000$2,920,000$2,920,000$2,920,000
30$3,222,924$3,068,164$3,022,904$3,462,327
31$3,522,098$3,188,940$3,094,607$3,741,533
32$3,850,857$3,314,703$3,167,781$4,043,603
33$4,212,189$3,445,667$3,242,446$4,374,062
34$4,609,385$3,582,058$3,318,621$4,735,728
35$5,046,073$3,724,110$3,396,326$5,131,706
36$5,526,250$3,872,068$3,475,580$5,565,416
37$6,054,317$4,026,189$3,556,401$6,040,624
38$6,635,124$4,186,740$3,638,808$6,561,475
39$7,274,018$4,354,001$3,722,819$7,132,535
40$7,976,884$4,528,264$3,808,450$7,758,836
41$8,750,213$4,709,835$3,895,719$8,445,916
42$9,601,150$4,899,033$3,984,642$9,199,876
43$10,537,574$5,096,191$4,075,234$10,027,437
44$11,568,161$5,301,660$4,167,509$10,936,002
45$12,702,475$5,515,802$4,261,482$11,933,724
46$13,951,051$5,739,000$4,357,165$13,029,586
47$15,325,499$5,971,652$4,454,571$14,233,482
48$16,838,611$6,214,174$4,553,710$15,556,313
49$18,504,483$6,467,002$4,654,593$17,010,086
50$20,338,646$6,730,591$4,757,227$18,608,030
51$22,358,215$7,005,417$4,861,621$20,364,717
52$24,582,048$7,291,978$4,967,781$22,296,204
53$27,030,926$7,590,794$5,075,711$24,420,178
54$29,727,747$7,902,409$5,185,414$26,756,128
55$32,697,743$8,227,394$5,296,892$29,325,525
56$35,968,719$8,566,342$5,410,143$32,152,022
57$39,571,312$8,919,876$5,525,167$35,261,684
58$43,539,284$9,288,648$5,641,958$38,683,225
59$47,909,838$9,673,338$5,760,510$42,448,286
60$52,723,968$10,074,659$5,880,814$46,591,725
61$58,026,851$10,493,355$6,002,859$51,151,952
62$63,868,266$10,930,207$6,126,632$56,171,290
63$70,303,070$11,386,028$6,252,115$61,696,367
64$77,391,712$11,861,671$6,379,289$67,778,565
65$85,200,804$12,358,030$6,508,133$74,474,498
66$93,803,749$12,876,038$6,638,619$81,846,547
67$103,281,438$13,416,670$6,770,719$89,963,448
68$113,723,007$13,980,949$6,904,400$98,900,940
69$125,226,682$14,569,944$7,039,626$108,742,480
70$137,900,706$15,184,773$7,176,356$119,580,027
71$151,864,358$15,826,607$7,314,544$131,514,914
72$167,249,084$16,496,672$7,454,142$144,658,797
73$184,199,729$17,196,248$7,595,095$159,134,712
74$202,875,915$17,926,677$7,737,344$175,078,238
75$223,453,538$18,689,364$7,880,824$192,638,767
76$246,126,433$19,485,777$8,025,466$211,980,922
77$271,108,203$20,317,454$8,171,193$233,286,106
78$298,634,236$21,186,005$8,317,924$256,754,211
79$328,963,923$22,093,115$8,465,569$282,605,508
80$362,383,111$23,040,546$8,614,034$311,082,721
81$399,206,800$24,030,144$8,763,216$342,453,320
82$439,782,115$25,063,842$8,913,005$377,012,043
83$484,491,583$26,143,662$9,063,283$415,083,676
84$533,756,744$27,271,722$9,213,923$457,026,119
85$588,042,134$28,450,238$9,364,791$503,233,763
86$647,859,662$29,681,530$9,515,742$554,141,208
87$713,773,451$30,968,029$9,666,623$610,227,370
88$786,405,158$32,312,277$9,817,270$672,019,995
89$866,439,844$33,716,938$9,967,508$740,100,640
90$954,632,440$35,184,801$10,117,151$815,110,164
91$1,051,814,877$36,718,784$10,266,004$897,754,772
92$1,158,903,935$38,321,945$10,413,856$988,812,684
93$1,276,909,901$39,997,485$10,560,485$1,089,141,473
94$1,406,946,105$41,748,756$10,705,655$1,199,686,165
95$1,550,239,431$43,579,268$10,849,118$1,321,488,157
96$1,708,141,898$45,492,697$10,990,608$1,455,695,040
97$1,882,143,426$47,492,893$11,129,847$1,603,571,438
98$2,073,885,897$49,583,887$11,266,539$1,766,510,938
99$2,285,178,661$51,769,900$11,400,371$1,946,049,247
100$2,518,015,614$54,055,355$11,531,013$2,143,878,685