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%12.5%
1 years$241,131$238,983$236,887$234,842$232,845$230,413
2 years$119,372$117,149$114,994$112,905$110,879$108,430
3 years$78,791$76,558$74,409$72,339$70,346$67,956
4 years$58,504$56,278$54,150$52,116$50,171$47,859
5 years$46,335$44,123$42,023$40,030$38,139$35,911
6 years$38,225$36,030$33,961$32,013$30,178$28,037
7 years$32,435$30,258$28,222$26,319$24,543$22,489
8 years$28,094$25,936$23,934$22,079$20,361$18,394
9 years$24,720$22,582$20,614$18,806$17,147$15,267
10 years$22,022$19,905$17,972$16,211$14,610$12,816
11 years$19,816$17,720$15,822$14,108$12,565$10,855
12 years$17,979$15,905$14,042$12,375$10,889$9,261
13 years$16,425$14,373$12,546$10,925$9,495$7,948
14 years$15,095$13,065$11,272$9,698$8,323$6,855
15 years$13,944$11,935$10,177$8,649$7,329$5,936
16 years$12,937$10,950$9,227$7,744$6,477$5,159
17 years$12,049$10,085$8,396$6,958$5,743$4,496
18 years$11,261$9,319$7,665$6,271$5,106$3,928
19 years$10,557$8,637$7,017$5,666$4,551$3,440
20 years$9,924$8,025$6,440$5,132$4,065$3,017
21 years$9,352$7,475$5,923$4,657$3,638$2,651
22 years$8,833$6,978$5,459$4,235$3,261$2,333
23 years$8,360$6,526$5,041$3,857$2,927$2,055
24 years$7,926$6,115$4,662$3,517$2,631$1,812
25 years$7,528$5,738$4,318$3,212$2,368$1,600
26 years$7,161$5,393$4,004$2,937$2,133$1,413
27 years$6,822$5,076$3,718$2,688$1,923$1,250
28 years$6,508$4,783$3,457$2,463$1,735$1,105
29 years$6,216$4,512$3,217$2,259$1,567$978
30 years$5,944$4,261$2,996$2,073$1,416$866
31 years$5,690$4,028$2,793$1,904$1,280$768
32 years$5,452$3,811$2,606$1,750$1,158$680
33 years$5,229$3,609$2,434$1,609$1,048$603
34 years$5,020$3,421$2,274$1,480$949$535
35 years$4,823$3,245$2,126$1,363$859$474
36 years$4,638$3,080$1,989$1,255$778$421
37 years$4,463$2,925$1,861$1,156$706$374
38 years$4,297$2,780$1,743$1,066$640$332
39 years$4,140$2,643$1,633$983$580$294
40 years$3,992$2,515$1,531$907$526$261
41 years$3,851$2,394$1,435$836$477$232
42 years$3,718$2,280$1,346$772$433$206
43 years$3,590$2,172$1,263$713$393$183
44 years$3,469$2,071$1,186$658$357$163
45 years$3,354$1,975$1,113$608$324$144
46 years$3,244$1,884$1,046$561$294$128
47 years$3,139$1,798$983$519$267$114
48 years$3,039$1,716$923$479$243$101
49 years$2,943$1,639$868$443$220$90
50 years$2,851$1,565$816$409$200$80

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 $4,845 every year, while hoping to spend $25,777 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: 36/48/16 Blend
29$2,920,000$2,920,000$2,920,000$2,920,000
30$3,222,838$3,068,078$3,022,818$3,322,928
31$3,524,141$3,190,987$3,096,655$3,518,685
32$3,855,312$3,319,055$3,172,103$3,727,085
33$4,219,373$3,452,507$3,249,187$3,951,516
34$4,619,648$3,591,579$3,327,934$4,193,420
35$5,059,803$3,736,517$3,408,371$4,454,381
36$5,543,876$3,887,580$3,490,524$4,736,134
37$6,076,315$4,045,035$3,574,421$5,040,585
38$6,662,023$4,209,165$3,660,087$5,369,824
39$7,306,399$4,380,264$3,747,550$5,726,146
40$8,015,395$4,558,640$3,836,836$6,112,071
41$8,795,566$4,744,614$3,927,970$6,530,368
42$9,654,136$4,938,523$4,020,980$6,984,074
43$10,599,065$5,140,718$4,115,890$7,476,530
44$11,639,124$5,351,567$4,212,727$8,011,404
45$12,783,976$5,571,455$4,311,514$8,592,727
46$14,044,269$5,800,784$4,412,277$9,224,932
47$15,431,736$6,039,974$4,515,040$9,912,888
48$16,959,305$6,289,465$4,619,827$10,661,950
49$18,641,223$6,549,718$4,726,660$11,478,005
50$20,493,187$6,821,213$4,835,562$12,367,526
51$22,532,494$7,104,454$4,946,555$13,337,634
52$24,778,204$7,399,968$5,059,660$14,396,157
53$27,251,319$7,708,305$5,174,897$15,551,709
54$29,974,982$8,030,040$5,292,285$16,813,765
55$32,974,697$8,365,778$5,411,842$18,192,748
56$36,278,563$8,716,149$5,533,586$19,700,127
57$39,917,548$9,081,811$5,657,533$21,348,523
58$43,925,774$9,463,457$5,783,697$23,151,821
59$48,340,843$9,861,806$5,912,091$25,125,307
60$53,204,191$10,277,616$6,042,727$27,285,800
61$58,561,476$10,711,678$6,175,617$29,651,815
62$64,463,014$11,164,817$6,310,767$32,243,730
63$70,964,249$11,637,901$6,448,186$35,083,979
64$78,126,280$12,131,835$6,587,877$38,197,257
65$86,016,433$12,647,568$6,729,844$41,610,754
66$94,708,902$13,186,091$6,874,086$45,354,402
67$104,285,445$13,748,445$7,020,603$49,461,161
68$114,836,157$14,335,715$7,169,389$53,967,317
69$126,460,319$14,949,039$7,320,439$58,912,832
70$139,267,339$15,589,609$7,473,740$64,341,707
71$153,377,778$16,258,672$7,629,282$70,302,397
72$168,924,496$16,957,531$7,787,047$76,848,265
73$186,053,898$17,687,553$7,947,016$84,038,076
74$204,927,320$18,450,167$8,109,166$91,936,553
75$225,722,553$19,246,872$8,273,469$100,614,979
76$248,635,518$20,079,233$8,439,895$110,151,863
77$273,882,117$20,948,892$8,608,408$120,633,679
78$301,700,271$21,857,566$8,778,968$132,155,673
79$332,352,166$22,807,054$8,951,530$144,822,757
80$366,126,726$23,799,238$9,126,045$158,750,494
81$403,342,342$24,836,091$9,302,458$174,066,180
82$444,349,877$25,919,676$9,480,707$190,910,038
83$489,535,980$27,052,155$9,660,726$209,436,538
84$539,326,731$28,235,792$9,842,441$229,815,843
85$594,191,668$29,472,956$10,025,774$252,235,407
86$654,648,218$30,766,131$10,210,636$276,901,740
87$721,266,579$32,117,914$10,396,936$304,042,344
88$794,675,106$33,531,028$10,584,569$333,907,856
89$875,566,243$35,008,324$10,773,428$366,774,397
90$964,703,055$36,552,788$10,963,393$402,946,176
91$1,062,926,437$38,167,545$11,154,338$442,758,347
92$1,171,163,050$39,855,871$11,346,124$486,580,160
93$1,290,434,068$41,621,195$11,538,606$534,818,439
94$1,421,864,820$43,467,111$11,731,627$587,921,408
95$1,566,695,412$45,397,380$11,925,017$646,382,909
96$1,726,292,438$47,415,945$12,118,598$710,747,051
97$1,902,161,873$49,526,934$12,312,178$781,613,335
98$2,095,963,301$51,734,670$12,505,553$859,642,292
99$2,309,525,573$54,043,684$12,698,504$945,561,711
100$2,544,864,079$56,458,722$12,890,801$1,040,173,487