Can I retire at age 30 with 2,950,000?

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$243,608$241,438$239,321$237,255$235,237$230,111
2 years$120,598$118,352$116,175$114,065$112,018$106,879
3 years$79,600$77,344$75,173$73,082$71,069$66,078
4 years$59,105$56,856$54,707$52,652$50,687$45,883
5 years$46,811$44,576$42,455$40,442$38,531$33,927
6 years$38,618$36,400$34,310$32,341$30,488$26,089
7 years$32,768$30,568$28,512$26,590$24,795$20,601
8 years$28,383$26,203$24,180$22,305$20,570$16,580
9 years$24,974$22,814$20,826$18,999$17,323$13,534
10 years$22,248$20,110$18,157$16,378$14,760$11,169
11 years$20,019$17,902$15,985$14,253$12,694$9,295
12 years$18,163$16,068$14,186$12,502$11,000$7,789
13 years$16,594$14,521$12,674$11,038$9,593$6,563
14 years$15,250$13,199$11,388$9,798$8,409$5,554
15 years$14,087$12,058$10,282$8,738$7,404$4,719
16 years$13,070$11,063$9,322$7,824$6,544$4,021
17 years$12,173$10,188$8,483$7,030$5,802$3,435
18 years$11,377$9,414$7,744$6,335$5,159$2,941
19 years$10,666$8,725$7,089$5,724$4,598$2,523
20 years$10,026$8,108$6,506$5,185$4,107$2,168
21 years$9,448$7,552$5,984$4,705$3,675$1,865
22 years$8,924$7,050$5,515$4,278$3,295$1,606
23 years$8,445$6,593$5,092$3,896$2,957$1,385
24 years$8,008$6,178$4,710$3,554$2,658$1,195
25 years$7,606$5,797$4,362$3,245$2,392$1,031
26 years$7,235$5,449$4,046$2,967$2,155$891
27 years$6,892$5,128$3,757$2,716$1,943$770
28 years$6,575$4,832$3,492$2,489$1,753$666
29 years$6,280$4,558$3,250$2,282$1,583$576
30 years$6,005$4,305$3,027$2,094$1,430$499
31 years$5,748$4,070$2,822$1,923$1,293$432
32 years$5,508$3,851$2,633$1,768$1,170$374
33 years$5,283$3,647$2,459$1,626$1,058$324
34 years$5,072$3,456$2,297$1,496$958$280
35 years$4,873$3,278$2,148$1,377$868$243
36 years$4,685$3,111$2,009$1,268$786$211
37 years$4,508$2,955$1,880$1,168$713$182
38 years$4,341$2,808$1,761$1,077$646$158
39 years$4,183$2,671$1,650$993$586$137
40 years$4,033$2,541$1,546$916$531$119
41 years$3,891$2,419$1,450$845$482$103
42 years$3,756$2,303$1,360$780$438$89
43 years$3,627$2,195$1,276$720$397$77
44 years$3,505$2,092$1,198$665$360$67
45 years$3,388$1,995$1,125$614$327$58
46 years$3,277$1,903$1,057$567$297$50
47 years$3,171$1,816$993$524$270$44
48 years$3,070$1,734$933$484$245$38
49 years$2,973$1,656$877$447$223$33
50 years$2,880$1,581$824$414$202$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,950,000, adding $5,473 every year, while hoping to spend $43,129 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: 63/27/10 Blend
29$2,950,000$2,950,000$2,950,000$2,950,000
30$3,256,545$3,100,195$3,054,470$3,454,181
31$3,542,824$3,206,216$3,110,906$3,692,959
32$3,856,858$3,315,986$3,167,787$3,948,066
33$4,201,432$3,429,644$3,225,083$4,225,523
34$4,579,614$3,547,333$3,282,759$4,527,499
35$4,994,785$3,669,203$3,340,782$4,856,377
36$5,450,667$3,795,407$3,399,112$5,214,783
37$5,951,361$3,926,108$3,457,708$5,605,606
38$6,501,384$4,061,472$3,516,526$6,032,023
39$7,105,714$4,201,672$3,575,518$6,497,537
40$7,769,832$4,346,890$3,634,634$7,005,997
41$8,499,780$4,497,313$3,693,819$7,561,646
42$9,302,212$4,653,135$3,753,016$8,169,153
43$10,184,459$4,814,560$3,812,163$8,833,659
44$11,154,597$4,981,797$3,871,194$9,560,824
45$12,221,526$5,155,065$3,930,039$10,356,882
46$13,395,050$5,334,592$3,988,624$11,228,696
47$14,685,973$5,520,614$4,046,870$12,183,824
48$16,106,195$5,713,377$4,104,693$13,230,591
49$17,668,830$5,913,136$4,162,004$14,378,166
50$19,388,328$6,120,157$4,218,708$15,636,644
51$21,280,610$6,334,717$4,274,707$17,017,147
52$23,363,216$6,557,102$4,329,894$18,531,924
53$25,655,475$6,787,612$4,384,157$20,194,467
54$28,178,685$7,026,556$4,437,377$22,019,639
55$30,956,313$7,274,259$4,489,431$24,023,810
56$34,014,216$7,531,057$4,540,186$26,225,014
57$37,380,886$7,797,299$4,589,503$28,643,117
58$41,087,719$8,073,349$4,637,233$31,300,003
59$45,169,309$8,359,586$4,683,224$34,219,782
60$49,663,777$8,656,404$4,727,310$37,429,014
61$54,613,128$8,964,213$4,769,320$40,956,959
62$60,063,647$9,283,439$4,809,072$44,835,856
63$66,066,338$9,614,527$4,846,375$49,101,219
64$72,677,404$9,957,938$4,881,028$53,792,179
65$79,958,776$10,314,154$4,912,820$58,951,846
66$87,978,699$10,683,676$4,941,527$64,627,720
67$96,812,374$11,067,023$4,966,916$70,872,132
68$106,542,669$11,464,740$4,988,740$77,742,745
69$117,260,900$11,877,392$5,006,742$85,303,088
70$129,067,693$12,305,566$5,020,650$93,623,161
71$142,073,935$12,749,875$5,030,178$102,780,092
72$156,401,815$13,210,957$5,035,028$112,858,864
73$172,185,983$13,689,477$5,034,884$123,953,114
74$189,574,819$14,186,127$5,029,418$136,166,018
75$208,731,830$14,701,628$5,018,284$149,611,263
76$229,837,199$15,236,730$5,001,119$164,414,116
77$253,089,480$15,792,216$4,977,542$180,712,610
78$278,707,472$16,368,900$4,947,156$198,658,838
79$306,932,291$16,967,632$4,909,542$218,420,394
80$338,029,635$17,589,297$4,864,262$240,181,949
81$372,292,302$18,234,816$4,810,859$264,146,993
82$410,042,945$18,905,151$4,748,851$290,539,756
83$451,637,124$19,601,302$4,677,736$319,607,320
84$497,466,658$20,324,313$4,596,988$351,621,952
85$547,963,325$21,075,272$4,506,054$386,883,668
86$603,602,936$21,855,312$4,404,359$425,723,069
87$664,909,829$22,665,616$4,291,299$468,504,454
88$732,461,816$23,507,416$4,166,242$515,629,258
89$806,895,639$24,381,996$4,028,528$567,539,843
90$888,912,976$25,290,697$3,877,467$624,723,665
91$979,287,073$26,234,914$3,712,335$687,717,878
92$1,078,870,034$27,216,104$3,532,377$757,114,399
93$1,188,600,871$28,235,787$3,336,806$833,565,498
94$1,309,514,365$29,295,546$3,124,794$917,789,944
95$1,442,750,836$30,397,034$2,895,481$1,010,579,795
96$1,589,566,907$31,541,974$2,647,964$1,112,807,872
97$1,751,347,364$32,732,163$2,381,304$1,225,435,987
98$1,929,618,234$33,969,478$2,094,517$1,349,524,032
99$2,126,061,186$35,255,875$1,786,575$1,486,239,969
100$2,342,529,409$36,593,394$1,456,407$1,636,870,863