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%13.3%
1 years$242,782$240,620$238,510$236,451$234,440$231,223
2 years$120,189$117,951$115,782$113,678$111,638$108,403
3 years$79,330$77,082$74,918$72,835$70,828$67,675
4 years$58,905$56,664$54,521$52,473$50,515$47,468
5 years$46,653$44,425$42,311$40,305$38,401$35,469
6 years$38,487$36,276$34,193$32,232$30,385$27,573
7 years$32,657$30,465$28,415$26,500$24,711$22,018
8 years$28,287$26,114$24,098$22,230$20,500$17,927
9 years$24,889$22,737$20,756$18,935$17,264$14,809
10 years$22,172$20,041$18,095$16,322$14,710$12,371
11 years$19,951$17,842$15,931$14,205$12,651$10,427
12 years$18,102$16,014$14,138$12,460$10,963$8,851
13 years$16,538$14,472$12,632$11,000$9,560$7,556
14 years$15,199$13,154$11,349$9,765$8,380$6,482
15 years$14,039$12,017$10,247$8,708$7,379$5,583
16 years$13,025$11,025$9,290$7,797$6,521$4,825
17 years$12,132$10,154$8,454$7,006$5,782$4,182
18 years$11,338$9,383$7,717$6,314$5,141$3,633
19 years$10,629$8,696$7,065$5,705$4,583$3,162
20 years$9,992$8,080$6,484$5,167$4,093$2,758
21 years$9,416$7,527$5,964$4,689$3,663$2,409
22 years$8,893$7,026$5,497$4,264$3,283$2,107
23 years$8,417$6,571$5,075$3,883$2,947$1,845
24 years$7,981$6,157$4,694$3,542$2,649$1,617
25 years$7,580$5,778$4,347$3,234$2,384$1,418
26 years$7,210$5,430$4,032$2,957$2,147$1,245
27 years$6,869$5,110$3,744$2,707$1,936$1,094
28 years$6,553$4,816$3,480$2,480$1,747$961
29 years$6,259$4,543$3,239$2,274$1,577$845
30 years$5,985$4,290$3,017$2,087$1,425$744
31 years$5,729$4,056$2,813$1,917$1,289$654
32 years$5,489$3,838$2,624$1,762$1,166$576
33 years$5,265$3,634$2,450$1,620$1,055$507
34 years$5,054$3,444$2,289$1,491$955$447
35 years$4,856$3,267$2,140$1,372$865$394
36 years$4,669$3,101$2,002$1,264$784$347
37 years$4,493$2,945$1,874$1,164$710$306
38 years$4,327$2,799$1,755$1,073$644$270
39 years$4,169$2,661$1,644$990$584$238
40 years$4,019$2,532$1,541$913$530$210
41 years$3,878$2,410$1,445$842$481$185
42 years$3,743$2,296$1,356$777$436$163
43 years$3,615$2,187$1,272$717$396$144
44 years$3,493$2,085$1,194$662$359$127
45 years$3,377$1,988$1,121$612$326$112
46 years$3,266$1,897$1,053$565$296$99
47 years$3,161$1,810$989$522$269$87
48 years$3,060$1,728$930$482$244$77
49 years$2,963$1,650$874$446$222$68
50 years$2,870$1,576$821$412$201$60

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 $2,256 every year, while hoping to spend $50,395 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: 85/6/9 Blend
29$2,940,000$2,940,000$2,940,000$2,940,000
30$3,242,207$3,086,387$3,040,817$3,513,859
31$3,519,292$3,184,000$3,089,065$3,789,220
32$3,822,951$3,284,707$3,137,239$4,084,633
33$4,155,841$3,388,607$3,185,286$4,407,621
34$4,520,889$3,495,800$3,233,144$4,760,926
35$4,921,317$3,606,392$3,280,753$5,147,568
36$5,360,678$3,720,492$3,328,044$5,570,874
37$5,842,880$3,838,209$3,374,947$6,034,508
38$6,372,233$3,959,661$3,421,387$6,542,505
39$6,953,481$4,084,964$3,467,284$7,099,310
40$7,591,852$4,214,244$3,512,554$7,709,821
41$8,293,104$4,347,625$3,557,107$8,379,429
42$9,063,581$4,485,238$3,600,850$9,114,078
43$9,910,270$4,627,219$3,643,683$9,920,313
44$10,840,871$4,773,706$3,685,500$10,805,343
45$11,863,866$4,924,843$3,726,190$11,777,114
46$12,988,599$5,080,779$3,765,635$12,844,376
47$14,225,364$5,241,666$3,803,713$14,016,772
48$15,585,506$5,407,662$3,840,292$15,304,924
49$17,081,521$5,578,931$3,875,235$16,720,536
50$18,727,177$5,755,640$3,908,396$18,276,502
51$20,537,646$5,937,962$3,939,624$19,987,030
52$22,529,641$6,126,078$3,968,757$21,867,773
53$24,721,581$6,320,172$3,995,627$23,935,979
54$27,133,757$6,520,436$4,020,055$26,210,651
55$29,788,528$6,727,065$4,041,855$28,712,727
56$32,710,530$6,940,263$4,060,829$31,465,279
57$35,926,909$7,160,240$4,076,771$34,493,729
58$39,467,575$7,387,214$4,089,465$37,826,088
59$43,365,487$7,621,407$4,098,682$41,493,222
60$47,656,961$7,863,050$4,104,182$45,529,139
61$52,382,014$8,112,382$4,105,715$49,971,316
62$57,584,739$8,369,649$4,103,016$54,861,047
63$63,313,725$8,635,104$4,095,809$60,243,835
64$69,622,511$8,909,010$4,083,805$66,169,819
65$76,570,092$9,191,637$4,066,697$72,694,252
66$84,221,479$9,483,264$4,044,169$79,878,014
67$92,648,306$9,784,180$4,015,885$87,788,195
68$101,929,510$10,094,683$3,981,494$96,498,722
69$112,152,077$10,415,078$3,940,631$106,091,058
70$123,411,856$10,745,685$3,892,910$116,654,971
71$135,814,472$11,086,830$3,837,928$128,289,383
72$149,476,314$11,438,851$3,775,265$141,103,300
73$164,525,641$11,802,097$3,704,479$155,216,841
74$181,103,785$12,176,929$3,625,108$170,762,373
75$199,366,490$12,563,718$3,536,668$187,885,762
76$219,485,381$12,962,848$3,438,655$206,747,743
77$241,649,578$13,374,716$3,330,539$227,525,446
78$266,067,490$13,799,732$3,211,766$250,414,058
79$292,968,772$14,238,317$3,081,759$275,628,673
80$322,606,501$14,690,909$2,939,912$303,406,320
81$355,259,558$15,157,957$2,785,593$334,008,196
82$391,235,264$15,639,928$2,618,141$367,722,136
83$430,872,277$16,137,300$2,436,865$404,865,331
84$474,543,792$16,650,571$2,241,043$445,787,316
85$522,661,062$17,180,253$2,029,921$490,873,273
86$575,677,279$17,726,873$1,802,712$540,547,669
87$634,091,851$18,290,979$1,558,592$595,278,258
88$698,455,116$18,873,134$1,296,702$655,580,498
89$769,373,541$19,473,921$1,016,144$722,022,421
90$847,515,439$20,093,939$715,982$795,229,987
91$933,617,283$20,733,812$395,236$875,892,999
92$1,028,490,656$21,394,179$52,887$964,771,614
93$1,133,029,912$22,075,703$0$1,062,703,516
94$1,248,220,619$22,779,068$0$1,170,641,832
95$1,375,148,859$23,504,980$0$1,289,581,200
96$1,515,011,487$24,254,168$0$1,420,637,673
97$1,669,127,423$25,027,386$0$1,565,046,731
98$1,838,950,104$25,825,412$0$1,724,169,859
99$2,026,081,206$26,649,049$0$1,899,507,398
100$2,232,285,764$27,499,127$0$2,092,712,706