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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$241,131$238,983$236,887$234,842$232,845$227,216
2 years$119,372$117,149$114,994$112,905$110,879$105,241
3 years$78,791$76,558$74,409$72,339$70,346$64,877
4 years$58,504$56,278$54,150$52,116$50,171$44,912
5 years$46,335$44,123$42,023$40,030$38,139$33,105
6 years$38,225$36,030$33,961$32,013$30,178$25,374
7 years$32,435$30,258$28,222$26,319$24,543$19,969
8 years$28,094$25,936$23,934$22,079$20,361$16,015
9 years$24,720$22,582$20,614$18,806$17,147$13,026
10 years$22,022$19,905$17,972$16,211$14,610$10,709
11 years$19,816$17,720$15,822$14,108$12,565$8,879
12 years$17,979$15,905$14,042$12,375$10,889$7,411
13 years$16,425$14,373$12,546$10,925$9,495$6,219
14 years$15,095$13,065$11,272$9,698$8,323$5,242
15 years$13,944$11,935$10,177$8,649$7,329$4,435
16 years$12,937$10,950$9,227$7,744$6,477$3,763
17 years$12,049$10,085$8,396$6,958$5,743$3,201
18 years$11,261$9,319$7,665$6,271$5,106$2,729
19 years$10,557$8,637$7,017$5,666$4,551$2,330
20 years$9,924$8,025$6,440$5,132$4,065$1,993
21 years$9,352$7,475$5,923$4,657$3,638$1,707
22 years$8,833$6,978$5,459$4,235$3,261$1,463
23 years$8,360$6,526$5,041$3,857$2,927$1,255
24 years$7,926$6,115$4,662$3,517$2,631$1,078
25 years$7,528$5,738$4,318$3,212$2,368$926
26 years$7,161$5,393$4,004$2,937$2,133$796
27 years$6,822$5,076$3,718$2,688$1,923$685
28 years$6,508$4,783$3,457$2,463$1,735$590
29 years$6,216$4,512$3,217$2,259$1,567$508
30 years$5,944$4,261$2,996$2,073$1,416$437
31 years$5,690$4,028$2,793$1,904$1,280$376
32 years$5,452$3,811$2,606$1,750$1,158$324
33 years$5,229$3,609$2,434$1,609$1,048$280
34 years$5,020$3,421$2,274$1,480$949$241
35 years$4,823$3,245$2,126$1,363$859$208
36 years$4,638$3,080$1,989$1,255$778$179
37 years$4,463$2,925$1,861$1,156$706$154
38 years$4,297$2,780$1,743$1,066$640$133
39 years$4,140$2,643$1,633$983$580$115
40 years$3,992$2,515$1,531$907$526$99
41 years$3,851$2,394$1,435$836$477$85
42 years$3,718$2,280$1,346$772$433$74
43 years$3,590$2,172$1,263$713$393$64
44 years$3,469$2,071$1,186$658$357$55
45 years$3,354$1,975$1,113$608$324$47
46 years$3,244$1,884$1,046$561$294$41
47 years$3,139$1,798$983$519$267$35
48 years$3,039$1,716$923$479$243$30
49 years$2,943$1,639$868$443$220$26
50 years$2,851$1,565$816$409$200$23

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 $2,530 every year, while hoping to spend $46,882 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: 37/48/15 Blend
29$2,920,000$2,920,000$2,920,000$2,920,000
30$3,220,450$3,065,690$3,020,430$3,324,811
31$3,499,053$3,166,026$3,071,732$3,500,363
32$3,804,504$3,269,708$3,123,182$3,685,194
33$4,139,489$3,376,850$3,174,734$3,883,828
34$4,506,971$3,487,570$3,226,342$4,097,526
35$4,910,211$3,601,990$3,277,954$4,327,671
36$5,352,803$3,720,238$3,329,516$4,575,786
37$5,838,705$3,842,446$3,380,970$4,843,540
38$6,372,276$3,968,749$3,432,256$5,132,770
39$6,958,319$4,099,288$3,483,308$5,445,496
40$7,602,125$4,234,211$3,534,056$5,783,938
41$8,309,522$4,373,667$3,584,426$6,150,538
42$9,086,930$4,517,814$3,634,342$6,547,979
43$9,941,425$4,666,814$3,683,720$6,979,216
44$10,880,797$4,820,835$3,732,472$7,447,498
45$11,913,634$4,980,052$3,780,505$7,956,398
46$13,049,395$5,144,645$3,827,723$8,509,850
47$14,298,502$5,314,801$3,874,020$9,112,180
48$15,672,437$5,490,713$3,919,287$9,768,153
49$17,183,850$5,672,584$3,963,408$10,483,008
50$18,846,682$5,860,619$4,006,261$11,262,516
51$20,676,291$6,055,036$4,047,718$12,113,028
52$22,689,597$6,256,058$4,087,641$13,041,535
53$24,905,248$6,463,916$4,125,889$14,055,734
54$27,343,785$6,678,851$4,162,308$15,164,100
55$30,027,847$6,901,110$4,196,742$16,375,962
56$32,982,376$7,130,953$4,229,021$17,701,595
57$36,234,855$7,368,646$4,258,969$19,152,313
58$39,815,567$7,614,467$4,286,402$20,740,574
59$43,757,882$7,868,703$4,311,124$22,480,100
60$48,098,569$8,131,652$4,332,929$24,386,000
61$52,878,143$8,403,623$4,351,602$26,474,917
62$58,141,249$8,684,937$4,366,917$28,765,181
63$63,937,083$8,975,925$4,378,635$31,276,982
64$70,319,853$9,276,932$4,386,506$34,032,557
65$77,349,293$9,588,317$4,390,269$37,056,402
66$85,091,225$9,910,449$4,389,647$40,375,500
67$93,618,182$10,243,713$4,384,352$44,019,574
68$103,010,089$10,588,507$4,374,081$48,021,367
69$113,355,021$10,945,247$4,358,516$52,416,951
70$124,750,030$11,314,361$4,337,323$57,246,061
71$137,302,063$11,696,295$4,310,153$62,552,475
72$151,128,970$12,091,510$4,276,640$68,384,422
73$166,360,618$12,500,487$4,236,401$74,795,036
74$183,140,114$12,923,724$4,189,033$81,842,855
75$201,625,156$13,361,736$4,134,115$89,592,376
76$221,989,522$13,815,061$4,071,208$98,114,656
77$244,424,708$14,284,255$3,999,849$107,487,985
78$269,141,740$14,769,895$3,919,556$117,798,624
79$296,373,159$15,272,581$3,829,822$129,141,612
80$326,375,220$15,792,937$3,730,120$141,621,667
81$359,430,310$16,331,607$3,619,896$155,354,169
82$395,849,610$16,889,265$3,498,571$170,466,249
83$435,976,037$17,466,606$3,365,540$187,097,984
84$480,187,478$18,064,354$3,220,171$205,403,722
85$528,900,354$18,683,261$3,061,800$225,553,530
86$582,573,558$19,324,108$2,889,738$247,734,803
87$641,712,777$19,987,706$2,703,260$272,154,028
88$706,875,273$20,674,896$2,501,612$299,038,729
89$778,675,139$21,386,555$2,284,005$328,639,616
90$857,789,097$22,123,590$2,049,613$361,232,946
91$944,962,885$22,886,946$1,797,575$397,123,128
92$1,041,018,298$23,677,605$1,526,992$436,645,597
93$1,146,860,942$24,496,585$1,236,924$480,169,973
94$1,263,488,788$25,344,947$926,391$528,103,550
95$1,392,001,587$26,223,792$594,367$580,895,138
96$1,533,611,255$27,134,264$239,785$639,039,294
97$1,689,653,312$28,077,553$0$703,080,989
98$1,861,599,491$29,054,894$0$773,642,938
99$2,051,071,630$30,067,574$0$851,407,098
100$2,259,856,979$31,116,928$0$937,064,458