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

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$242,782$240,620$238,510$236,451$234,440$231,318
2 years$120,189$117,951$115,782$113,678$111,638$108,498
3 years$79,330$77,082$74,918$72,835$70,828$67,767
4 years$58,905$56,664$54,521$52,473$50,515$47,557
5 years$46,653$44,425$42,311$40,305$38,401$35,554
6 years$38,487$36,276$34,193$32,232$30,385$27,654
7 years$32,657$30,465$28,415$26,500$24,711$22,096
8 years$28,287$26,114$24,098$22,230$20,500$18,000
9 years$24,889$22,737$20,756$18,935$17,264$14,878
10 years$22,172$20,041$18,095$16,322$14,710$12,437
11 years$19,951$17,842$15,931$14,205$12,651$10,488
12 years$18,102$16,014$14,138$12,460$10,963$8,909
13 years$16,538$14,472$12,632$11,000$9,560$7,611
14 years$15,199$13,154$11,349$9,765$8,380$6,533
15 years$14,039$12,017$10,247$8,708$7,379$5,631
16 years$13,025$11,025$9,290$7,797$6,521$4,870
17 years$12,132$10,154$8,454$7,006$5,782$4,223
18 years$11,338$9,383$7,717$6,314$5,141$3,672
19 years$10,629$8,696$7,065$5,705$4,583$3,199
20 years$9,992$8,080$6,484$5,167$4,093$2,792
21 years$9,416$7,527$5,964$4,689$3,663$2,440
22 years$8,893$7,026$5,497$4,264$3,283$2,136
23 years$8,417$6,571$5,075$3,883$2,947$1,871
24 years$7,981$6,157$4,694$3,542$2,649$1,641
25 years$7,580$5,778$4,347$3,234$2,384$1,441
26 years$7,210$5,430$4,032$2,957$2,147$1,266
27 years$6,869$5,110$3,744$2,707$1,936$1,113
28 years$6,553$4,816$3,480$2,480$1,747$979
29 years$6,259$4,543$3,239$2,274$1,577$862
30 years$5,985$4,290$3,017$2,087$1,425$759
31 years$5,729$4,056$2,813$1,917$1,289$668
32 years$5,489$3,838$2,624$1,762$1,166$589
33 years$5,265$3,634$2,450$1,620$1,055$519
34 years$5,054$3,444$2,289$1,491$955$458
35 years$4,856$3,267$2,140$1,372$865$404
36 years$4,669$3,101$2,002$1,264$784$356
37 years$4,493$2,945$1,874$1,164$710$314
38 years$4,327$2,799$1,755$1,073$644$277
39 years$4,169$2,661$1,644$990$584$244
40 years$4,019$2,532$1,541$913$530$216
41 years$3,878$2,410$1,445$842$481$190
42 years$3,743$2,296$1,356$777$436$168
43 years$3,615$2,187$1,272$717$396$148
44 years$3,493$2,085$1,194$662$359$131
45 years$3,377$1,988$1,121$612$326$116
46 years$3,266$1,897$1,053$565$296$102
47 years$3,161$1,810$989$522$269$90
48 years$3,060$1,728$930$482$244$80
49 years$2,963$1,650$874$446$222$70
50 years$2,870$1,576$821$412$201$62

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 $3,807 every year, while hoping to spend $51,451 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: 83/5/12 Blend
29$2,940,000$2,940,000$2,940,000$2,940,000
30$3,243,807$3,087,987$3,042,417$3,505,908
31$3,519,932$3,184,555$3,089,594$3,774,731
32$3,822,497$3,284,130$3,136,628$4,062,688
33$4,154,145$3,386,806$3,183,458$4,377,389
34$4,517,786$3,492,678$3,230,023$4,721,492
35$4,916,627$3,601,845$3,276,255$5,097,927
36$5,354,196$3,714,410$3,322,083$5,509,920
37$5,834,385$3,830,476$3,367,433$5,961,025
38$6,361,475$3,950,152$3,412,225$6,455,155
39$6,940,186$4,073,550$3,456,375$6,996,621
40$7,575,715$4,200,785$3,499,794$7,590,175
41$8,273,789$4,331,974$3,542,388$8,241,046
42$9,040,715$4,467,240$3,584,058$8,954,999
43$9,883,442$4,606,709$3,624,698$9,738,384
44$10,809,625$4,750,510$3,664,197$10,598,196
45$11,827,698$4,898,776$3,702,439$11,542,141
46$12,946,953$5,051,645$3,739,300$12,578,711
47$14,177,625$5,209,259$3,774,650$13,717,259
48$15,530,994$5,371,764$3,808,352$14,968,092
49$17,019,485$5,539,310$3,840,261$16,342,567
50$18,656,788$5,712,052$3,870,225$17,853,193
51$20,457,988$5,890,149$3,898,085$19,513,758
52$22,439,703$6,073,767$3,923,672$21,339,451
53$24,620,246$6,263,075$3,946,808$23,347,006
54$27,019,793$6,458,248$3,967,308$25,554,866
55$29,660,575$6,659,464$3,984,975$27,983,348
56$32,567,086$6,866,911$3,999,604$30,654,843
57$35,766,317$7,080,777$4,010,979$33,594,021
58$39,288,007$7,301,261$4,018,873$36,828,066
59$43,164,926$7,528,565$4,023,047$40,386,931
60$47,433,180$7,762,897$4,023,251$44,303,624
61$52,132,559$8,004,473$4,019,224$48,614,514
62$57,306,901$8,253,513$4,010,689$53,359,680
63$63,004,516$8,510,247$3,997,359$58,583,284
64$69,278,635$8,774,908$3,978,929$64,333,990
65$76,187,916$9,047,739$3,955,083$70,665,423
66$83,796,994$9,328,988$3,925,489$77,636,675
67$92,177,092$9,618,913$3,889,797$85,312,860
68$101,406,693$9,917,777$3,847,643$93,765,735
69$111,572,281$10,225,854$3,798,645$103,074,368
70$122,769,156$10,543,422$3,742,401$113,325,893
71$135,102,331$10,870,771$3,678,493$124,616,325
72$148,687,528$11,208,198$3,606,481$137,051,472
73$163,652,264$11,556,009$3,525,907$150,747,929
74$180,137,061$11,914,519$3,436,290$165,834,180
75$198,296,762$12,284,051$3,337,128$182,451,813
76$218,302,004$12,664,942$3,227,893$200,756,853
77$240,340,818$13,057,533$3,108,037$220,921,235
78$264,620,409$13,462,180$2,976,984$243,134,431
79$291,369,110$13,879,247$2,834,133$267,605,232
80$320,838,538$14,309,108$2,678,855$294,563,724
81$353,305,965$14,752,151$2,510,493$324,263,457
82$389,076,940$15,208,773$2,328,361$356,983,839
83$428,488,168$15,679,382$2,131,741$393,032,776
84$471,910,690$16,164,402$1,919,883$432,749,573
85$519,753,387$16,664,263$1,692,006$476,508,144
86$572,466,835$17,179,415$1,447,290$524,720,534
87$630,547,560$17,710,314$1,184,882$577,840,818
88$694,542,726$18,257,435$903,891$636,369,377
89$765,055,298$18,821,262$603,385$700,857,630
90$842,749,732$19,402,298$282,392$771,913,237
91$928,358,250$20,001,056$0$850,205,832
92$1,022,687,751$20,618,067$0$936,481,055
93$1,126,627,425$21,253,876$0$1,031,583,490
94$1,241,157,149$21,909,043$0$1,136,373,223
95$1,367,356,739$22,584,146$0$1,251,837,948
96$1,506,416,135$23,279,778$0$1,379,066,089
97$1,659,646,643$23,996,550$0$1,519,257,074
98$1,828,493,310$24,735,090$0$1,673,732,663
99$2,014,548,561$25,496,043$0$1,843,949,419
100$2,219,567,240$26,280,075$0$2,031,512,459