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%14.5%
1 years$242,782$240,620$238,510$236,451$234,440$230,083
2 years$120,189$117,951$115,782$113,678$111,638$107,265
3 years$79,330$77,082$74,918$72,835$70,828$66,574
4 years$58,905$56,664$54,521$52,473$50,515$46,414
5 years$46,653$44,425$42,311$40,305$38,401$34,465
6 years$38,487$36,276$34,193$32,232$30,385$26,618
7 years$32,657$30,465$28,415$26,500$24,711$21,114
8 years$28,287$26,114$24,098$22,230$20,500$17,072
9 years$24,889$22,737$20,756$18,935$17,264$14,002
10 years$22,172$20,041$18,095$16,322$14,710$11,612
11 years$19,951$17,842$15,931$14,205$12,651$9,713
12 years$18,102$16,014$14,138$12,460$10,963$8,182
13 years$16,538$14,472$12,632$11,000$9,560$6,930
14 years$15,199$13,154$11,349$9,765$8,380$5,898
15 years$14,039$12,017$10,247$8,708$7,379$5,038
16 years$13,025$11,025$9,290$7,797$6,521$4,317
17 years$12,132$10,154$8,454$7,006$5,782$3,710
18 years$11,338$9,383$7,717$6,314$5,141$3,195
19 years$10,629$8,696$7,065$5,705$4,583$2,757
20 years$9,992$8,080$6,484$5,167$4,093$2,383
21 years$9,416$7,527$5,964$4,689$3,663$2,062
22 years$8,893$7,026$5,497$4,264$3,283$1,787
23 years$8,417$6,571$5,075$3,883$2,947$1,550
24 years$7,981$6,157$4,694$3,542$2,649$1,346
25 years$7,580$5,778$4,347$3,234$2,384$1,170
26 years$7,210$5,430$4,032$2,957$2,147$1,017
27 years$6,869$5,110$3,744$2,707$1,936$885
28 years$6,553$4,816$3,480$2,480$1,747$770
29 years$6,259$4,543$3,239$2,274$1,577$671
30 years$5,985$4,290$3,017$2,087$1,425$584
31 years$5,729$4,056$2,813$1,917$1,289$509
32 years$5,489$3,838$2,624$1,762$1,166$444
33 years$5,265$3,634$2,450$1,620$1,055$387
34 years$5,054$3,444$2,289$1,491$955$337
35 years$4,856$3,267$2,140$1,372$865$294
36 years$4,669$3,101$2,002$1,264$784$257
37 years$4,493$2,945$1,874$1,164$710$224
38 years$4,327$2,799$1,755$1,073$644$196
39 years$4,169$2,661$1,644$990$584$171
40 years$4,019$2,532$1,541$913$530$149
41 years$3,878$2,410$1,445$842$481$130
42 years$3,743$2,296$1,356$777$436$113
43 years$3,615$2,187$1,272$717$396$99
44 years$3,493$2,085$1,194$662$359$86
45 years$3,377$1,988$1,121$612$326$76
46 years$3,266$1,897$1,053$565$296$66
47 years$3,161$1,810$989$522$269$58
48 years$3,060$1,728$930$482$244$50
49 years$2,963$1,650$874$446$222$44
50 years$2,870$1,576$821$412$201$38

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 $5,053 every year, while hoping to spend $33,379 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: 40/44/16 Blend
29$2,940,000$2,940,000$2,940,000$2,940,000
30$3,245,092$3,089,272$3,043,702$3,359,275
31$3,540,577$3,205,132$3,110,151$3,556,746
32$3,865,082$3,325,549$3,177,708$3,766,615
33$4,221,532$3,450,713$3,246,373$3,992,942
34$4,613,151$3,580,820$3,316,149$4,237,238
35$5,043,486$3,716,075$3,387,034$4,501,163
36$5,516,449$3,856,690$3,459,027$4,786,538
37$6,036,349$4,002,889$3,532,126$5,095,365
38$6,607,930$4,154,905$3,606,326$5,429,844
39$7,236,423$4,312,979$3,681,622$5,792,389
40$7,927,588$4,477,365$3,758,006$6,185,657
41$8,687,773$4,648,327$3,835,470$6,612,565
42$9,523,972$4,826,141$3,914,004$7,076,323
43$10,443,889$5,011,094$3,993,596$7,580,457
44$11,456,014$5,203,486$4,074,230$8,128,846
45$12,569,703$5,403,632$4,155,891$8,725,756
46$13,795,260$5,611,857$4,238,561$9,375,878
47$15,144,043$5,828,505$4,322,219$10,084,371
48$16,628,564$6,053,930$4,406,843$10,856,913
49$18,262,611$6,288,506$4,492,405$11,699,749
50$20,061,375$6,532,621$4,578,879$12,619,750
51$22,041,597$6,786,681$4,666,233$13,624,477
52$24,221,722$7,051,110$4,754,433$14,722,251
53$26,622,073$7,326,350$4,843,443$15,922,230
54$29,265,047$7,612,864$4,933,220$17,234,491
55$32,175,321$7,911,133$5,023,722$18,670,130
56$35,380,088$8,221,663$5,114,901$20,241,356
57$38,909,312$8,544,980$5,206,706$21,961,613
58$42,796,011$8,881,633$5,299,080$23,845,701
59$47,076,569$9,232,198$5,391,964$25,909,912
60$51,791,078$9,597,275$5,485,294$28,172,186
61$56,983,717$9,977,491$5,579,000$30,652,275
62$62,703,169$10,373,500$5,673,009$33,371,929
63$69,003,078$10,785,988$5,767,241$36,355,097
64$75,942,561$11,215,669$5,861,612$39,628,154
65$83,586,757$11,663,292$5,956,031$43,220,145
66$92,007,450$12,129,637$6,050,402$47,163,055
67$101,283,741$12,615,521$6,144,622$51,492,113
68$111,502,797$13,121,796$6,238,581$56,246,118
69$122,760,673$13,649,354$6,332,164$61,467,803
70$135,163,216$14,199,128$6,425,246$67,204,236
71$148,827,069$14,772,090$6,517,697$73,507,260
72$163,880,767$15,369,259$6,609,377$80,433,981
73$180,465,952$15,991,700$6,700,138$88,047,303
74$198,738,711$16,640,524$6,789,824$96,416,516
75$218,871,046$17,316,896$6,878,269$105,617,948
76$241,052,499$18,022,031$6,965,298$115,735,683
77$265,491,945$18,757,201$7,050,726$126,862,348
78$292,419,554$19,523,735$7,134,357$139,099,984
79$322,088,974$20,323,024$7,215,983$152,561,007
80$354,779,717$21,156,520$7,295,386$167,369,261
81$390,799,803$22,025,744$7,372,336$183,661,184
82$430,488,663$22,932,285$7,446,589$201,587,093
83$474,220,346$23,877,807$7,517,890$221,312,592
84$522,407,049$24,864,046$7,585,966$243,020,137
85$575,503,006$25,892,823$7,650,534$266,910,746
86$634,008,780$26,966,039$7,711,294$293,205,896
87$698,475,983$28,085,682$7,767,931$322,149,605
88$769,512,488$29,253,835$7,820,111$354,010,728
89$847,788,163$30,472,675$7,867,486$389,085,490
90$934,041,197$31,744,477$7,909,688$427,700,277
91$1,029,085,068$33,071,625$7,946,331$470,214,705
92$1,133,816,221$34,456,611$7,977,010$517,025,011
93$1,249,222,533$35,902,042$8,001,296$568,567,785
94$1,376,392,635$37,410,646$8,018,744$625,324,081
95$1,516,526,195$38,985,278$8,028,883$687,823,953
96$1,670,945,235$40,628,925$8,031,219$756,651,445
97$1,841,106,618$42,344,712$8,025,234$832,450,100
98$2,028,615,799$44,135,909$8,010,385$915,929,023
99$2,235,241,980$46,005,938$7,986,102$1,007,869,564
100$2,462,934,814$47,958,380$7,951,789$1,109,132,685