Can I retire at age 30 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$241,957$239,801$237,699$235,646$233,642$229,112
2 years$119,781$117,550$115,388$113,292$111,258$106,713
3 years$79,060$76,820$74,664$72,587$70,587$66,168
4 years$58,704$56,471$54,336$52,295$50,343$46,084
5 years$46,494$44,274$42,167$40,167$38,270$34,183
6 years$38,356$36,153$34,077$32,122$30,282$26,372
7 years$32,546$30,361$28,318$26,409$24,627$20,895
8 years$28,190$26,025$24,016$22,154$20,431$16,876
9 years$24,804$22,660$20,685$18,870$17,206$13,825
10 years$22,097$19,973$18,034$16,267$14,660$11,451
11 years$19,884$17,781$15,877$14,157$12,608$9,566
12 years$18,040$15,959$14,090$12,417$10,926$8,047
13 years$16,482$14,423$12,589$10,963$9,528$6,808
14 years$15,147$13,110$11,311$9,731$8,352$5,785
15 years$13,991$11,976$10,212$8,679$7,354$4,935
16 years$12,981$10,988$9,259$7,771$6,499$4,223
17 years$12,091$10,119$8,425$6,982$5,763$3,624
18 years$11,300$9,351$7,691$6,292$5,124$3,116
19 years$10,593$8,666$7,041$5,686$4,567$2,685
20 years$9,958$8,053$6,462$5,149$4,079$2,317
21 years$9,384$7,501$5,944$4,673$3,651$2,003
22 years$8,863$7,002$5,478$4,249$3,272$1,733
23 years$8,388$6,549$5,058$3,870$2,937$1,501
24 years$7,953$6,136$4,678$3,530$2,640$1,301
25 years$7,554$5,758$4,332$3,223$2,376$1,129
26 years$7,186$5,412$4,018$2,947$2,140$980
27 years$6,846$5,093$3,731$2,698$1,929$851
28 years$6,530$4,799$3,469$2,472$1,741$740
29 years$6,237$4,527$3,228$2,267$1,572$643
30 years$5,964$4,276$3,007$2,080$1,420$559
31 years$5,709$4,042$2,803$1,910$1,284$487
32 years$5,471$3,824$2,615$1,756$1,162$423
33 years$5,247$3,622$2,442$1,615$1,051$369
34 years$5,037$3,433$2,282$1,486$952$321
35 years$4,840$3,256$2,133$1,368$862$279
36 years$4,654$3,090$1,995$1,259$781$243
37 years$4,478$2,935$1,868$1,160$708$212
38 years$4,312$2,789$1,749$1,070$642$185
39 years$4,155$2,652$1,639$986$582$161
40 years$4,006$2,524$1,536$910$528$140
41 years$3,865$2,402$1,440$839$479$122
42 years$3,730$2,288$1,351$775$435$106
43 years$3,603$2,180$1,268$715$394$93
44 years$3,481$2,078$1,190$660$358$81
45 years$3,366$1,981$1,117$610$325$70
46 years$3,255$1,890$1,049$563$295$61
47 years$3,150$1,804$986$520$268$54
48 years$3,049$1,722$926$481$243$47
49 years$2,953$1,644$871$444$221$41
50 years$2,861$1,571$819$411$201$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,930,000, adding $6,036 every year, while hoping to spend $22,748 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: 43/31/26 Blend
29$2,930,000$2,930,000$2,930,000$2,930,000
30$3,235,086$3,079,796$3,034,381$3,349,443
31$3,540,861$3,206,502$3,111,829$3,558,415
32$3,877,063$3,338,655$3,191,109$3,782,057
33$4,246,771$3,476,497$3,272,259$4,023,930
34$4,653,378$3,620,281$3,355,316$4,285,736
35$5,100,622$3,770,274$3,440,318$4,569,341
36$5,592,622$3,926,754$3,527,306$4,876,798
37$6,133,915$4,090,011$3,616,316$5,210,364
38$6,729,502$4,260,349$3,707,391$5,572,516
39$7,384,892$4,438,087$3,800,569$5,965,979
40$8,106,154$4,623,557$3,895,891$6,393,749
41$8,899,977$4,817,106$3,993,399$6,859,121
42$9,773,731$5,019,100$4,093,134$7,365,714
43$10,735,534$5,229,920$4,195,137$7,917,513
44$11,794,336$5,449,963$4,299,451$8,518,898
45$12,959,995$5,679,647$4,406,119$9,174,688
46$14,243,373$5,919,409$4,515,183$9,890,184
47$15,656,443$6,169,706$4,626,687$10,671,219
48$17,212,393$6,431,014$4,740,674$11,524,211
49$18,925,758$6,703,835$4,857,188$12,456,221
50$20,812,554$6,988,692$4,976,272$13,475,020
51$22,890,429$7,286,132$5,097,972$14,589,162
52$25,178,830$7,596,729$5,222,331$15,808,059
53$27,699,185$7,921,083$5,349,393$17,142,073
54$30,475,108$8,259,823$5,479,204$18,602,610
55$33,532,619$8,613,604$5,611,807$20,202,226
56$36,900,391$8,983,116$5,747,248$21,954,743
57$40,610,021$9,369,078$5,885,571$23,875,380
58$44,696,325$9,772,245$6,026,819$25,980,893
59$49,197,671$10,193,406$6,171,039$28,289,730
60$54,156,337$10,633,386$6,318,272$30,822,207
61$59,618,913$11,093,052$6,468,564$33,600,694
62$65,636,739$11,573,308$6,621,957$36,649,825
63$72,266,388$12,075,102$6,778,495$39,996,727
64$79,570,205$12,599,428$6,938,220$43,671,279
65$87,616,890$13,147,324$7,101,175$47,706,382
66$96,482,148$13,719,878$7,267,399$52,138,277
67$106,249,405$14,318,230$7,436,935$57,006,876
68$117,010,594$14,943,573$7,609,822$62,356,143
69$128,867,022$15,597,155$7,786,098$68,234,498
70$141,930,329$16,280,286$7,965,803$74,695,280
71$156,323,536$16,994,334$8,148,971$81,797,239
72$172,182,215$17,740,735$8,335,640$89,605,093
73$189,655,761$18,520,990$8,525,843$98,190,132
74$208,908,802$19,336,673$8,719,613$107,630,889
75$230,122,761$20,189,431$8,916,982$118,013,874
76$253,497,560$21,080,990$9,117,977$129,434,394
77$279,253,510$22,013,157$9,322,628$141,997,441
78$307,633,391$22,987,825$9,530,960$155,818,679
79$338,904,745$24,006,977$9,742,995$171,025,539
80$373,362,399$25,072,688$9,958,755$187,758,407
81$411,331,249$26,187,135$10,178,258$206,171,952
82$453,169,326$27,352,595$10,401,520$226,436,576
83$499,271,180$28,571,454$10,628,553$248,740,018
84$550,071,598$29,846,213$10,859,368$273,289,125
85$606,049,713$31,179,490$11,093,969$300,311,790
86$667,733,527$32,574,029$11,332,360$330,059,106
87$735,704,893$34,032,702$11,574,540$362,807,723
88$810,605,008$35,558,520$11,820,503$398,862,459
89$893,140,468$37,154,637$12,070,239$438,559,162
90$984,089,938$38,824,357$12,323,735$482,267,884
91$1,084,311,503$40,571,141$12,580,971$530,396,355
92$1,194,750,765$42,398,616$12,841,922$583,393,832
93$1,316,449,776$44,310,581$13,106,559$641,755,331
94$1,450,556,871$46,311,017$13,374,847$706,026,285
95$1,598,337,509$48,404,094$13,646,742$776,807,692
96$1,761,186,224$50,594,184$13,922,197$854,761,773
97$1,940,639,784$52,885,864$14,201,155$940,618,215
98$2,138,391,702$55,283,932$14,483,554$1,035,181,050
99$2,356,308,226$57,793,415$14,769,324$1,139,336,235
100$2,596,445,954$60,419,580$15,058,385$1,254,060,001