Can I retire at age 30 with 2,940,000?

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$242,782$240,620$238,510$236,451$234,440$227,026
2 years$120,189$117,951$115,782$113,678$111,638$104,236
3 years$79,330$77,082$74,918$72,835$70,828$63,670
4 years$58,905$56,664$54,521$52,473$50,515$43,656
5 years$46,653$44,425$42,311$40,305$38,401$31,859
6 years$38,487$36,276$34,193$32,232$30,385$24,166
7 years$32,657$30,465$28,415$26,500$24,711$18,814
8 years$28,287$26,114$24,098$22,230$20,500$14,922
9 years$24,889$22,737$20,756$18,935$17,264$11,998
10 years$22,172$20,041$18,095$16,322$14,710$9,747
11 years$19,951$17,842$15,931$14,205$12,651$7,984
12 years$18,102$16,014$14,138$12,460$10,963$6,581
13 years$16,538$14,472$12,632$11,000$9,560$5,452
14 years$15,199$13,154$11,349$9,765$8,380$4,536
15 years$14,039$12,017$10,247$8,708$7,379$3,786
16 years$13,025$11,025$9,290$7,797$6,521$3,169
17 years$12,132$10,154$8,454$7,006$5,782$2,659
18 years$11,338$9,383$7,717$6,314$5,141$2,235
19 years$10,629$8,696$7,065$5,705$4,583$1,881
20 years$9,992$8,080$6,484$5,167$4,093$1,586
21 years$9,416$7,527$5,964$4,689$3,663$1,338
22 years$8,893$7,026$5,497$4,264$3,283$1,131
23 years$8,417$6,571$5,075$3,883$2,947$956
24 years$7,981$6,157$4,694$3,542$2,649$808
25 years$7,580$5,778$4,347$3,234$2,384$684
26 years$7,210$5,430$4,032$2,957$2,147$579
27 years$6,869$5,110$3,744$2,707$1,936$491
28 years$6,553$4,816$3,480$2,480$1,747$416
29 years$6,259$4,543$3,239$2,274$1,577$352
30 years$5,985$4,290$3,017$2,087$1,425$299
31 years$5,729$4,056$2,813$1,917$1,289$253
32 years$5,489$3,838$2,624$1,762$1,166$215
33 years$5,265$3,634$2,450$1,620$1,055$182
34 years$5,054$3,444$2,289$1,491$955$155
35 years$4,856$3,267$2,140$1,372$865$131
36 years$4,669$3,101$2,002$1,264$784$111
37 years$4,493$2,945$1,874$1,164$710$94
38 years$4,327$2,799$1,755$1,073$644$80
39 years$4,169$2,661$1,644$990$584$68
40 years$4,019$2,532$1,541$913$530$58
41 years$3,878$2,410$1,445$842$481$49
42 years$3,743$2,296$1,356$777$436$42
43 years$3,615$2,187$1,272$717$396$35
44 years$3,493$2,085$1,194$662$359$30
45 years$3,377$1,988$1,121$612$326$25
46 years$3,266$1,897$1,053$565$296$22
47 years$3,161$1,810$989$522$269$18
48 years$3,060$1,728$930$482$244$16
49 years$2,963$1,650$874$446$222$13
50 years$2,870$1,576$821$412$201$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,940,000, adding $2,096 every year, while hoping to spend $33,525 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: 62/13/25 Blend
29$2,940,000$2,940,000$2,940,000$2,940,000
30$3,242,042$3,086,222$3,040,652$3,421,421
31$3,537,060$3,201,777$3,106,844$3,658,800
32$3,861,046$3,321,870$3,174,129$3,914,009
33$4,216,920$3,446,688$3,242,509$4,191,936
34$4,607,897$3,576,428$3,311,985$4,494,804
35$5,037,521$3,711,291$3,382,555$4,825,061
36$5,509,695$3,851,490$3,454,216$5,185,403
37$6,028,718$3,997,248$3,526,967$5,578,796
38$6,599,328$4,148,794$3,600,801$6,008,509
39$7,226,744$4,306,369$3,675,713$6,478,137
40$7,916,716$4,470,226$3,751,694$6,991,643
41$8,675,581$4,640,626$3,828,735$7,553,389
42$9,510,317$4,817,844$3,906,825$8,168,177
43$10,428,616$5,002,165$3,985,950$8,841,299
44$11,438,951$5,193,888$4,066,096$9,578,580
45$12,550,659$5,393,323$4,147,245$10,386,439
46$13,774,027$5,600,797$4,229,378$11,271,942
47$15,120,389$5,816,647$4,312,473$12,242,875
48$16,602,234$6,041,228$4,396,507$13,307,813
49$18,233,324$6,274,910$4,481,452$14,476,202
50$20,028,821$6,518,079$4,567,278$15,758,447
51$22,005,434$6,771,138$4,653,955$17,166,011
52$24,181,572$7,034,507$4,741,446$18,711,519
53$26,577,520$7,308,626$4,829,713$20,408,883
54$29,215,633$7,593,954$4,918,714$22,273,426
55$32,120,539$7,890,970$5,008,403$24,322,031
56$35,319,382$8,200,175$5,098,731$26,573,297
57$38,842,066$8,522,090$5,189,646$29,047,716
58$42,721,547$8,857,263$5,281,090$31,767,863
59$46,994,140$9,206,264$5,373,001$34,758,612
60$51,699,859$9,569,688$5,465,314$38,047,368
61$56,882,800$9,948,158$5,557,957$41,664,325
62$62,591,551$10,342,324$5,650,854$45,642,749
63$68,879,657$10,752,865$5,743,925$50,019,296
64$75,806,118$11,180,491$5,837,083$54,834,353
65$83,435,951$11,625,944$5,930,234$60,132,418
66$91,840,802$12,090,000$6,023,281$65,962,524
67$101,099,620$12,573,466$6,116,118$72,378,696
68$111,299,407$13,077,192$6,208,633$79,440,462
69$122,536,032$13,602,059$6,300,707$87,213,416
70$134,915,141$14,148,994$6,392,215$95,769,832
71$148,553,153$14,718,963$6,483,022$105,189,350
72$163,578,358$15,312,975$6,572,986$115,559,724
73$180,132,126$15,932,086$6,661,957$126,977,649
74$198,370,244$16,577,400$6,749,774$139,549,675
75$218,464,388$17,250,071$6,836,270$153,393,210
76$240,603,735$17,951,304$6,921,265$168,637,629
77$264,996,759$18,682,362$7,004,571$185,425,491
78$291,873,193$19,444,561$7,085,988$203,913,887
79$321,486,195$20,239,282$7,165,305$224,275,921
80$354,114,745$21,067,965$7,242,301$246,702,341
81$390,066,271$21,932,117$7,316,740$271,403,340
82$429,679,556$22,833,315$7,388,375$298,610,539
83$473,327,930$23,773,208$7,456,946$328,579,171
84$521,422,803$24,753,518$7,522,177$361,590,490
85$574,417,538$25,776,050$7,583,779$397,954,425
86$632,811,739$26,842,688$7,641,448$438,012,504
87$697,155,962$27,955,406$7,694,862$482,141,076
88$768,056,914$29,116,265$7,743,685$530,754,861
89$846,183,182$30,327,425$7,787,561$584,310,868
90$932,271,540$31,591,142$7,826,117$643,312,702
91$1,027,133,907$32,909,778$7,858,962$708,315,321
92$1,131,665,011$34,285,803$7,885,683$779,930,268
93$1,246,850,837$35,721,801$7,905,848$858,831,450
94$1,373,777,931$37,220,478$7,919,002$945,761,490
95$1,513,643,660$38,784,662$7,924,669$1,041,538,741
96$1,667,767,515$40,417,312$7,922,347$1,147,065,006
97$1,837,603,568$42,121,527$7,911,512$1,263,334,053
98$2,024,754,197$43,900,546$7,891,613$1,391,440,991
99$2,230,985,214$45,757,763$7,862,071$1,532,592,607
100$2,458,242,538$47,696,724$7,822,282$1,688,118,758