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%18.1%
1 years$241,957$239,801$237,699$235,646$233,642$225,982
2 years$119,781$117,550$115,388$113,292$111,258$103,614
3 years$79,060$76,820$74,664$72,587$70,587$63,198
4 years$58,704$56,471$54,336$52,295$50,343$43,267
5 years$46,494$44,274$42,167$40,167$38,270$31,525
6 years$38,356$36,153$34,077$32,122$30,282$23,874
7 years$32,546$30,361$28,318$26,409$24,627$18,555
8 years$28,190$26,025$24,016$22,154$20,431$14,690
9 years$24,804$22,660$20,685$18,870$17,206$11,790
10 years$22,097$19,973$18,034$16,267$14,660$9,560
11 years$19,884$17,781$15,877$14,157$12,608$7,815
12 years$18,040$15,959$14,090$12,417$10,926$6,429
13 years$16,482$14,423$12,589$10,963$9,528$5,316
14 years$15,147$13,110$11,311$9,731$8,352$4,413
15 years$13,991$11,976$10,212$8,679$7,354$3,676
16 years$12,981$10,988$9,259$7,771$6,499$3,070
17 years$12,091$10,119$8,425$6,982$5,763$2,570
18 years$11,300$9,351$7,691$6,292$5,124$2,156
19 years$10,593$8,666$7,041$5,686$4,567$1,811
20 years$9,958$8,053$6,462$5,149$4,079$1,523
21 years$9,384$7,501$5,944$4,673$3,651$1,282
22 years$8,863$7,002$5,478$4,249$3,272$1,080
23 years$8,388$6,549$5,058$3,870$2,937$911
24 years$7,953$6,136$4,678$3,530$2,640$769
25 years$7,554$5,758$4,332$3,223$2,376$649
26 years$7,186$5,412$4,018$2,947$2,140$548
27 years$6,846$5,093$3,731$2,698$1,929$463
28 years$6,530$4,799$3,469$2,472$1,741$392
29 years$6,237$4,527$3,228$2,267$1,572$331
30 years$5,964$4,276$3,007$2,080$1,420$280
31 years$5,709$4,042$2,803$1,910$1,284$237
32 years$5,471$3,824$2,615$1,756$1,162$200
33 years$5,247$3,622$2,442$1,615$1,051$170
34 years$5,037$3,433$2,282$1,486$952$143
35 years$4,840$3,256$2,133$1,368$862$121
36 years$4,654$3,090$1,995$1,259$781$103
37 years$4,478$2,935$1,868$1,160$708$87
38 years$4,312$2,789$1,749$1,070$642$74
39 years$4,155$2,652$1,639$986$582$62
40 years$4,006$2,524$1,536$910$528$53
41 years$3,865$2,402$1,440$839$479$45
42 years$3,730$2,288$1,351$775$435$38
43 years$3,603$2,180$1,268$715$394$32
44 years$3,481$2,078$1,190$660$358$27
45 years$3,366$1,981$1,117$610$325$23
46 years$3,255$1,890$1,049$563$295$19
47 years$3,150$1,804$986$520$268$16
48 years$3,049$1,722$926$481$243$14
49 years$2,953$1,644$871$444$221$12
50 years$2,861$1,571$819$411$201$10

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 $2,306 every year, while hoping to spend $25,748 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: 37/38/25 Blend
29$2,930,000$2,930,000$2,930,000$2,930,000
30$3,231,239$3,075,949$3,030,534$3,326,500
31$3,533,429$3,199,274$3,104,661$3,519,955
32$3,865,580$3,327,780$3,180,408$3,726,239
33$4,230,721$3,461,693$3,257,803$3,948,556
34$4,632,187$3,601,249$3,336,873$4,188,369
35$5,073,656$3,746,696$3,417,644$4,447,282
36$5,559,178$3,898,293$3,500,144$4,727,058
37$6,093,216$4,056,310$3,584,400$5,029,630
38$6,680,686$4,221,031$3,670,439$5,357,124
39$7,327,005$4,392,752$3,758,288$5,711,872
40$8,038,143$4,571,780$3,847,975$6,096,441
41$8,820,677$4,758,440$3,939,525$6,513,645
42$9,681,852$4,953,070$4,032,965$6,966,583
43$10,629,653$5,156,022$4,128,321$7,458,656
44$11,672,878$5,367,668$4,225,620$7,993,608
45$12,821,220$5,588,392$4,324,887$8,575,550
46$14,085,361$5,818,600$4,426,148$9,209,005
47$15,477,070$6,058,713$4,529,426$9,898,948
48$17,009,316$6,309,175$4,634,747$10,650,849
49$18,696,389$6,570,448$4,742,133$11,470,726
50$20,554,036$6,843,015$4,851,610$12,365,197
51$22,599,607$7,127,381$4,963,198$13,341,544
52$24,852,221$7,424,078$5,076,919$14,407,781
53$27,332,947$7,733,657$5,192,795$15,572,723
54$30,064,999$8,056,698$5,310,846$16,846,073
55$33,073,960$8,393,807$5,431,090$18,238,507
56$36,388,018$8,745,618$5,553,546$19,761,777
57$40,038,237$9,112,793$5,678,230$21,428,817
58$44,058,844$9,496,028$5,805,158$23,253,865
59$48,487,560$9,896,047$5,934,345$25,252,593
60$53,365,949$10,313,611$6,065,803$27,442,255
61$58,739,812$10,749,514$6,199,544$29,841,846
62$64,659,621$11,204,588$6,335,577$32,472,280
63$71,180,993$11,679,704$6,473,909$35,356,583
64$78,365,217$12,175,772$6,614,548$38,520,109
65$86,279,831$12,693,746$6,757,497$41,990,778
66$94,999,258$13,234,624$6,902,757$45,799,334
67$104,605,511$13,799,450$7,050,329$49,979,633
68$115,188,967$14,389,317$7,200,208$54,568,960
69$126,849,216$15,005,368$7,352,390$59,608,376
70$139,696,007$15,648,801$7,506,866$65,143,106
71$153,850,278$16,320,871$7,663,624$71,222,958
72$169,445,300$17,022,888$7,822,649$77,902,792
73$186,627,937$17,756,225$7,983,924$85,243,032
74$205,560,029$18,522,322$8,147,428$93,310,235
75$226,419,918$19,322,683$8,313,133$102,177,713
76$249,404,139$20,158,884$8,481,013$111,926,220
77$274,729,267$21,032,574$8,651,032$122,644,712
78$302,633,963$21,945,481$8,823,152$134,431,180
79$333,381,231$22,899,414$8,997,332$147,393,571
80$367,260,896$23,896,265$9,173,522$161,650,802
81$404,592,343$24,938,017$9,351,670$177,333,874
82$445,727,529$26,026,747$9,531,718$194,587,107
83$491,054,306$27,164,627$9,713,600$213,569,495
84$541,000,086$28,353,934$9,897,247$234,456,198
85$596,035,871$29,597,053$10,082,580$257,440,195
86$656,680,699$30,896,478$10,269,516$282,734,092
87$723,506,548$32,254,823$10,457,963$310,572,125
88$797,143,733$33,674,827$10,647,822$341,212,365
89$878,286,856$35,159,355$10,838,986$374,939,144
90$967,701,363$36,711,411$11,031,339$412,065,733
91$1,066,230,771$38,334,139$11,224,758$452,937,288
92$1,174,804,631$40,030,833$11,419,108$497,934,104
93$1,294,447,301$41,804,942$11,614,247$547,475,191
94$1,426,287,620$43,660,079$11,810,019$602,022,222
95$1,571,569,563$45,600,028$12,006,260$662,083,882
96$1,731,663,984$47,628,754$12,202,794$728,220,658
97$1,908,081,556$49,750,409$12,399,434$801,050,119
98$2,102,487,038$51,969,343$12,595,978$881,252,736
99$2,316,714,985$54,290,110$12,792,213$969,578,292
100$2,552,787,073$56,717,485$12,987,911$1,066,852,949