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

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$241,957$239,801$237,699$235,646$233,642$225,532
2 years$119,781$117,550$115,388$113,292$111,258$103,171
3 years$79,060$76,820$74,664$72,587$70,587$62,777
4 years$58,704$56,471$54,336$52,295$50,343$42,870
5 years$46,494$44,274$42,167$40,167$38,270$31,154
6 years$38,356$36,153$34,077$32,122$30,282$23,528
7 years$32,546$30,361$28,318$26,409$24,627$18,234
8 years$28,190$26,025$24,016$22,154$20,431$14,393
9 years$24,804$22,660$20,685$18,870$17,206$11,516
10 years$22,097$19,973$18,034$16,267$14,660$9,309
11 years$19,884$17,781$15,877$14,157$12,608$7,585
12 years$18,040$15,959$14,090$12,417$10,926$6,219
13 years$16,482$14,423$12,589$10,963$9,528$5,125
14 years$15,147$13,110$11,311$9,731$8,352$4,240
15 years$13,991$11,976$10,212$8,679$7,354$3,519
16 years$12,981$10,988$9,259$7,771$6,499$2,929
17 years$12,091$10,119$8,425$6,982$5,763$2,443
18 years$11,300$9,351$7,691$6,292$5,124$2,041
19 years$10,593$8,666$7,041$5,686$4,567$1,708
20 years$9,958$8,053$6,462$5,149$4,079$1,431
21 years$9,384$7,501$5,944$4,673$3,651$1,200
22 years$8,863$7,002$5,478$4,249$3,272$1,007
23 years$8,388$6,549$5,058$3,870$2,937$846
24 years$7,953$6,136$4,678$3,530$2,640$711
25 years$7,554$5,758$4,332$3,223$2,376$598
26 years$7,186$5,412$4,018$2,947$2,140$503
27 years$6,846$5,093$3,731$2,698$1,929$423
28 years$6,530$4,799$3,469$2,472$1,741$356
29 years$6,237$4,527$3,228$2,267$1,572$300
30 years$5,964$4,276$3,007$2,080$1,420$253
31 years$5,709$4,042$2,803$1,910$1,284$213
32 years$5,471$3,824$2,615$1,756$1,162$179
33 years$5,247$3,622$2,442$1,615$1,051$151
34 years$5,037$3,433$2,282$1,486$952$127
35 years$4,840$3,256$2,133$1,368$862$107
36 years$4,654$3,090$1,995$1,259$781$90
37 years$4,478$2,935$1,868$1,160$708$76
38 years$4,312$2,789$1,749$1,070$642$64
39 years$4,155$2,652$1,639$986$582$54
40 years$4,006$2,524$1,536$910$528$46
41 years$3,865$2,402$1,440$839$479$39
42 years$3,730$2,288$1,351$775$435$32
43 years$3,603$2,180$1,268$715$394$27
44 years$3,481$2,078$1,190$660$358$23
45 years$3,366$1,981$1,117$610$325$19
46 years$3,255$1,890$1,049$563$295$16
47 years$3,150$1,804$986$520$268$14
48 years$3,049$1,722$926$481$243$12
49 years$2,953$1,644$871$444$221$10
50 years$2,861$1,571$819$411$201$8

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 $6,061 every year, while hoping to spend $23,083 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: 69/25/6 Blend
29$2,930,000$2,930,000$2,930,000$2,930,000
30$3,235,112$3,079,822$3,034,407$3,455,232
31$3,540,533$3,206,173$3,111,499$3,727,992
32$3,876,334$3,337,942$3,190,401$4,022,843
33$4,245,588$3,475,369$3,271,148$4,344,731
34$4,651,683$3,618,707$3,353,776$4,696,302
35$5,098,351$3,768,220$3,438,323$5,080,463
36$5,589,703$3,924,183$3,524,827$5,500,417
37$6,130,269$4,086,885$3,613,326$5,959,686
38$6,725,041$4,256,627$3,703,857$6,462,146
39$7,379,519$4,433,725$3,796,460$7,012,066
40$8,099,762$4,618,510$3,891,174$7,614,141
41$8,892,448$4,811,326$3,988,037$8,273,542
42$9,764,932$5,012,536$4,087,091$8,995,961
43$10,725,321$5,222,516$4,188,375$9,787,661
44$11,782,547$5,441,663$4,291,929$10,655,543
45$12,946,453$5,670,391$4,397,795$11,607,200
46$14,227,883$5,909,131$4,506,013$12,650,995
47$15,638,787$6,158,339$4,616,624$13,796,136
48$17,192,332$6,418,486$4,729,670$15,052,762
49$18,903,028$6,690,070$4,845,192$16,432,039
50$20,786,864$6,973,610$4,963,232$17,946,262
51$22,861,455$7,269,649$5,083,832$19,608,973
52$25,146,217$7,578,754$5,207,033$21,435,084
53$27,662,540$7,901,523$5,332,878$23,441,021
54$30,433,998$8,238,576$5,461,408$25,644,874
55$33,486,566$8,590,566$5,592,665$28,066,568
56$36,848,866$8,958,175$5,726,691$30,728,048
57$40,552,442$9,342,117$5,863,526$33,653,489
58$44,632,050$9,743,139$6,003,213$36,869,518
59$49,125,990$10,162,024$6,145,792$40,405,466
60$54,076,469$10,599,591$6,291,304$44,293,642
61$59,529,995$11,056,697$6,439,788$48,569,638
62$65,537,818$11,534,239$6,591,285$53,272,663
63$72,156,417$12,033,158$6,745,834$58,445,909
64$79,448,025$12,554,436$6,903,473$64,136,959
65$87,481,224$13,099,104$7,064,240$70,398,234
66$96,331,589$13,668,240$7,228,172$77,287,483
67$106,082,400$14,262,973$7,395,306$84,868,332
68$116,825,431$14,884,485$7,565,675$93,210,874
69$128,661,815$15,534,014$7,739,314$102,392,336
70$141,702,995$16,212,856$7,916,256$112,497,800
71$156,071,782$16,922,368$8,096,533$123,621,006
72$171,903,511$17,663,971$8,280,174$135,865,236
73$189,347,317$18,439,154$8,467,207$149,344,280
74$208,567,545$19,249,474$8,657,661$164,183,515
75$229,745,301$20,096,564$8,851,558$180,521,078
76$253,080,160$20,982,134$9,048,923$198,509,173
77$278,792,050$21,907,973$9,249,776$218,315,501
78$307,123,331$22,875,955$9,454,136$240,124,839
79$338,341,080$23,888,046$9,662,018$264,140,784
80$372,739,610$24,946,301$9,873,436$290,587,666
81$410,643,255$26,052,874$10,088,401$319,712,667
82$452,409,424$27,210,021$10,306,919$351,788,147
83$498,431,979$28,420,107$10,528,995$387,114,212
84$549,144,955$29,685,605$10,754,630$426,021,542
85$605,026,650$31,009,110$10,983,820$468,874,505
86$666,604,149$32,393,337$11,216,559$516,074,599
87$734,458,294$33,841,132$11,452,835$568,064,230
88$809,229,167$35,355,475$11,692,632$625,330,885
89$891,622,138$36,939,489$11,935,931$688,411,731
90$982,414,517$38,596,445$12,182,706$757,898,675
91$1,082,462,897$40,329,770$12,432,926$834,443,950
92$1,192,711,238$42,143,054$12,686,554$918,766,266
93$1,314,199,779$44,040,058$12,943,548$1,011,657,583
94$1,448,074,859$46,024,724$13,203,860$1,113,990,584
95$1,595,599,738$48,101,179$13,467,433$1,226,726,908
96$1,758,166,524$50,273,749$13,734,204$1,350,926,217
97$1,937,309,314$52,546,968$14,004,105$1,487,756,191
98$2,134,718,677$54,925,583$14,277,056$1,638,503,547
99$2,352,257,616$57,414,570$14,552,971$1,804,586,175
100$2,591,979,152$60,019,143$14,831,754$1,987,566,513