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%18.6%
1 years$241,131$238,983$236,887$234,842$232,845$224,762
2 years$119,372$117,149$114,994$112,905$110,879$102,819
3 years$78,791$76,558$74,409$72,339$70,346$62,563
4 years$58,504$56,278$54,150$52,116$50,171$42,724
5 years$46,335$44,123$42,023$40,030$38,139$31,047
6 years$38,225$36,030$33,961$32,013$30,178$23,447
7 years$32,435$30,258$28,222$26,319$24,543$18,172
8 years$28,094$25,936$23,934$22,079$20,361$14,344
9 years$24,720$22,582$20,614$18,806$17,147$11,477
10 years$22,022$19,905$17,972$16,211$14,610$9,278
11 years$19,816$17,720$15,822$14,108$12,565$7,559
12 years$17,979$15,905$14,042$12,375$10,889$6,198
13 years$16,425$14,373$12,546$10,925$9,495$5,107
14 years$15,095$13,065$11,272$9,698$8,323$4,225
15 years$13,944$11,935$10,177$8,649$7,329$3,507
16 years$12,937$10,950$9,227$7,744$6,477$2,919
17 years$12,049$10,085$8,396$6,958$5,743$2,434
18 years$11,261$9,319$7,665$6,271$5,106$2,034
19 years$10,557$8,637$7,017$5,666$4,551$1,702
20 years$9,924$8,025$6,440$5,132$4,065$1,426
21 years$9,352$7,475$5,923$4,657$3,638$1,196
22 years$8,833$6,978$5,459$4,235$3,261$1,004
23 years$8,360$6,526$5,041$3,857$2,927$843
24 years$7,926$6,115$4,662$3,517$2,631$709
25 years$7,528$5,738$4,318$3,212$2,368$596
26 years$7,161$5,393$4,004$2,937$2,133$501
27 years$6,822$5,076$3,718$2,688$1,923$422
28 years$6,508$4,783$3,457$2,463$1,735$355
29 years$6,216$4,512$3,217$2,259$1,567$299
30 years$5,944$4,261$2,996$2,073$1,416$252
31 years$5,690$4,028$2,793$1,904$1,280$212
32 years$5,452$3,811$2,606$1,750$1,158$179
33 years$5,229$3,609$2,434$1,609$1,048$151
34 years$5,020$3,421$2,274$1,480$949$127
35 years$4,823$3,245$2,126$1,363$859$107
36 years$4,638$3,080$1,989$1,255$778$90
37 years$4,463$2,925$1,861$1,156$706$76
38 years$4,297$2,780$1,743$1,066$640$64
39 years$4,140$2,643$1,633$983$580$54
40 years$3,992$2,515$1,531$907$526$46
41 years$3,851$2,394$1,435$836$477$38
42 years$3,718$2,280$1,346$772$433$32
43 years$3,590$2,172$1,263$713$393$27
44 years$3,469$2,071$1,186$658$357$23
45 years$3,354$1,975$1,113$608$324$19
46 years$3,244$1,884$1,046$561$294$16
47 years$3,139$1,798$983$519$267$14
48 years$3,039$1,716$923$479$243$12
49 years$2,943$1,639$868$443$220$10
50 years$2,851$1,565$816$409$200$8

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 $4,690 every year, while hoping to spend $48,351 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: 70/15/15 Blend
29$2,920,000$2,920,000$2,920,000$2,920,000
30$3,222,678$3,067,918$3,022,658$3,436,893
31$3,499,946$3,166,801$3,072,472$3,678,774
32$3,803,875$3,268,908$3,122,334$3,937,157
33$4,137,133$3,374,348$3,172,195$4,218,693
34$4,502,659$3,483,229$3,222,002$4,525,658
35$4,903,690$3,595,667$3,271,699$4,860,559
36$5,343,792$3,711,781$3,321,227$5,226,156
37$5,826,892$3,831,691$3,370,521$5,625,487
38$6,357,316$3,955,525$3,419,514$6,061,901
39$6,939,830$4,083,414$3,468,136$6,539,081
40$7,579,684$4,215,492$3,516,309$7,061,089
41$8,282,660$4,351,900$3,563,954$7,632,394
42$9,055,130$4,492,782$3,610,986$8,257,922
43$9,904,113$4,638,287$3,657,313$8,943,095
44$10,837,341$4,788,572$3,702,842$9,693,889
45$11,863,333$4,943,795$3,747,470$10,516,886
46$12,991,474$5,104,122$3,791,091$11,419,333
47$14,232,105$5,269,725$3,833,594$12,409,219
48$15,596,619$5,440,781$3,874,859$13,495,341
49$17,097,568$5,617,473$3,914,760$14,687,391
50$18,748,782$5,799,991$3,953,166$15,996,048
51$20,565,498$5,988,531$3,989,938$17,433,074
52$22,564,506$6,183,296$4,024,928$19,011,432
53$24,764,304$6,384,496$4,057,982$20,745,400
54$27,185,276$6,592,349$4,088,937$22,650,711
55$29,849,880$6,807,080$4,117,622$24,744,698
56$32,782,862$7,028,921$4,143,857$27,046,460
57$36,011,490$7,258,114$4,167,452$29,577,040
58$39,565,808$7,494,908$4,188,208$32,359,622
59$43,478,923$7,739,561$4,205,915$35,419,753
60$47,787,313$7,992,340$4,220,353$38,785,583
61$52,531,176$8,253,521$4,231,292$42,488,125
62$57,754,804$8,523,392$4,238,489$46,561,555
63$63,507,004$8,802,248$4,241,687$51,043,531
64$69,841,556$9,090,396$4,240,622$55,975,546
65$76,817,723$9,388,153$4,235,011$61,403,321
66$84,500,807$9,695,849$4,224,560$67,377,238
67$92,962,768$10,013,824$4,208,961$73,952,811
68$102,282,899$10,342,430$4,187,890$81,191,215
69$112,548,578$10,682,033$4,161,008$89,159,857
70$123,856,091$11,033,010$4,127,960$97,933,016
71$136,311,538$11,395,754$4,088,372$107,592,543
72$150,031,837$11,770,668$4,041,855$118,228,633
73$165,145,828$12,158,174$3,988,000$129,940,675
74$181,795,484$12,558,706$3,926,380$142,838,190
75$200,137,255$12,972,715$3,856,546$157,041,866
76$220,343,544$13,400,667$3,778,029$172,684,695
77$242,604,332$13,843,046$3,690,339$189,913,229
78$267,128,971$14,300,352$3,592,963$208,888,962
79$294,148,161$14,773,105$3,485,362$229,789,856
80$323,916,129$15,261,842$3,366,977$252,812,017
81$356,713,021$15,767,120$3,237,218$278,171,551
82$392,847,557$16,289,516$3,095,472$306,106,596
83$432,659,934$16,829,628$2,941,097$336,879,578
84$476,525,044$17,388,077$2,773,420$370,779,683
85$524,856,010$17,965,504$2,591,741$408,125,586
86$578,108,085$18,562,575$2,395,326$449,268,461
87$636,782,949$19,179,981$2,183,410$494,595,296
88$701,433,447$19,818,437$1,955,191$544,532,542
89$772,668,802$20,478,685$1,709,834$599,550,144
90$851,160,372$21,161,492$1,446,465$660,165,972
91$937,647,981$21,867,657$1,164,173$726,950,713
92$1,032,946,908$22,598,005$862,006$800,533,255
93$1,137,955,579$23,353,393$538,969$881,606,626
94$1,253,664,049$24,134,711$194,025$970,934,533
95$1,381,163,349$24,942,878$0$1,069,358,577
96$1,521,655,782$25,778,851$0$1,177,834,054
97$1,676,466,277$26,643,620$0$1,297,390,074
98$1,847,054,894$27,538,213$0$1,429,122,003
99$2,035,030,604$28,463,697$0$1,574,271,169
100$2,242,166,485$29,421,177$0$1,734,205,495