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

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$243,608$241,438$239,321$237,255$235,237$230,299
2 years$120,598$118,352$116,175$114,065$112,018$107,066
3 years$79,600$77,344$75,173$73,082$71,069$66,258
4 years$59,105$56,856$54,707$52,652$50,687$46,054
5 years$46,811$44,576$42,455$40,442$38,531$34,089
6 years$38,618$36,400$34,310$32,341$30,488$26,242
7 years$32,768$30,568$28,512$26,590$24,795$20,746
8 years$28,383$26,203$24,180$22,305$20,570$16,716
9 years$24,974$22,814$20,826$18,999$17,323$13,661
10 years$22,248$20,110$18,157$16,378$14,760$11,287
11 years$20,019$17,902$15,985$14,253$12,694$9,406
12 years$18,163$16,068$14,186$12,502$11,000$7,892
13 years$16,594$14,521$12,674$11,038$9,593$6,658
14 years$15,250$13,199$11,388$9,798$8,409$5,643
15 years$14,087$12,058$10,282$8,738$7,404$4,801
16 years$13,070$11,063$9,322$7,824$6,544$4,097
17 years$12,173$10,188$8,483$7,030$5,802$3,505
18 years$11,377$9,414$7,744$6,335$5,159$3,005
19 years$10,666$8,725$7,089$5,724$4,598$2,582
20 years$10,026$8,108$6,506$5,185$4,107$2,222
21 years$9,448$7,552$5,984$4,705$3,675$1,914
22 years$8,924$7,050$5,515$4,278$3,295$1,651
23 years$8,445$6,593$5,092$3,896$2,957$1,426
24 years$8,008$6,178$4,710$3,554$2,658$1,232
25 years$7,606$5,797$4,362$3,245$2,392$1,065
26 years$7,235$5,449$4,046$2,967$2,155$922
27 years$6,892$5,128$3,757$2,716$1,943$798
28 years$6,575$4,832$3,492$2,489$1,753$691
29 years$6,280$4,558$3,250$2,282$1,583$599
30 years$6,005$4,305$3,027$2,094$1,430$519
31 years$5,748$4,070$2,822$1,923$1,293$450
32 years$5,508$3,851$2,633$1,768$1,170$391
33 years$5,283$3,647$2,459$1,626$1,058$339
34 years$5,072$3,456$2,297$1,496$958$294
35 years$4,873$3,278$2,148$1,377$868$255
36 years$4,685$3,111$2,009$1,268$786$221
37 years$4,508$2,955$1,880$1,168$713$192
38 years$4,341$2,808$1,761$1,077$646$167
39 years$4,183$2,671$1,650$993$586$145
40 years$4,033$2,541$1,546$916$531$126
41 years$3,891$2,419$1,450$845$482$109
42 years$3,756$2,303$1,360$780$438$95
43 years$3,627$2,195$1,276$720$397$82
44 years$3,505$2,092$1,198$665$360$72
45 years$3,388$1,995$1,125$614$327$62
46 years$3,277$1,903$1,057$567$297$54
47 years$3,171$1,816$993$524$270$47
48 years$3,070$1,734$933$484$245$41
49 years$2,973$1,656$877$447$223$35
50 years$2,880$1,581$824$414$202$31

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 $6,884 every year, while hoping to spend $58,644 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: 36/50/14 Blend
29$2,950,000$2,950,000$2,950,000$2,950,000
30$3,258,001$3,101,651$3,055,926$3,361,024
31$3,527,920$3,191,235$3,095,903$3,525,458
32$3,823,406$3,283,243$3,135,253$3,696,764
33$4,147,003$3,377,732$3,173,894$3,880,426
34$4,501,517$3,474,760$3,211,739$4,077,574
35$4,890,034$3,574,386$3,248,694$4,289,449
36$5,315,954$3,676,667$3,284,662$4,517,417
37$5,783,023$3,781,666$3,319,540$4,762,982
38$6,295,365$3,889,441$3,353,219$5,027,796
39$6,857,524$4,000,056$3,385,584$5,313,677
40$7,474,505$4,113,572$3,416,514$5,622,626
41$8,151,819$4,230,052$3,445,882$5,956,844
42$8,895,539$4,349,559$3,473,553$6,318,755
43$9,712,354$4,472,157$3,499,387$6,711,025
44$10,609,633$4,597,911$3,523,235$7,136,589
45$11,595,492$4,726,885$3,544,940$7,598,681
46$12,678,875$4,859,145$3,564,338$8,100,857
47$13,869,632$4,994,756$3,581,256$8,647,037
48$15,178,619$5,133,783$3,595,512$9,241,534
49$16,617,793$5,276,293$3,606,917$9,889,099
50$18,200,327$5,422,351$3,615,268$10,594,964
51$19,940,737$5,572,023$3,620,355$11,364,891
52$21,855,014$5,725,373$3,621,959$12,205,229
53$23,960,777$5,882,468$3,619,846$13,122,966
54$26,277,439$6,043,372$3,613,774$14,125,804
55$28,826,390$6,208,149$3,603,488$15,222,226
56$31,631,196$6,376,863$3,588,719$16,421,574
57$34,717,825$6,549,576$3,569,188$17,734,145
58$38,114,887$6,726,350$3,544,600$19,171,278
59$41,853,909$6,907,245$3,514,648$20,745,468
60$45,969,628$7,092,319$3,479,008$22,470,479
61$50,500,318$7,281,631$3,437,343$24,361,479
62$55,488,155$7,475,235$3,389,298$26,435,176
63$60,979,611$7,673,186$3,334,504$28,709,981
64$67,025,892$7,875,533$3,272,571$31,206,182
65$73,683,425$8,082,326$3,203,093$33,946,129
66$81,014,384$8,293,609$3,125,647$36,954,451
67$89,087,281$8,509,426$3,039,786$40,258,287
68$97,977,611$8,729,815$2,945,046$43,887,541
69$107,768,562$8,954,811$2,840,940$47,875,162
70$118,551,803$9,184,445$2,726,959$52,257,462
71$130,428,347$9,418,743$2,602,572$57,074,450
72$143,509,502$9,657,725$2,467,222$62,370,216
73$157,917,925$9,901,407$2,320,328$68,193,345
74$173,788,777$10,149,800$2,161,282$74,597,375
75$191,270,997$10,402,905$1,989,450$81,641,304
76$210,528,710$10,660,718$1,804,168$89,390,146
77$231,742,774$10,923,229$1,604,743$97,915,545
78$255,112,487$11,190,417$1,390,452$107,296,451
79$280,857,467$11,462,254$1,160,539$117,619,868
80$309,219,725$11,738,701$914,213$128,981,673
81$340,465,950$12,019,710$650,652$141,487,522
82$374,890,023$12,305,222$368,995$155,253,849
83$412,815,792$12,595,165$68,344$170,408,965
84$454,600,130$12,889,456$0$187,094,267
85$500,636,300$13,187,996$0$205,503,300
86$551,357,669$13,490,673$0$225,783,409
87$607,241,796$13,797,361$0$248,113,765
88$668,814,941$14,107,914$0$272,703,069
89$736,657,034$14,422,171$0$299,781,304
90$811,407,143$14,739,949$0$329,601,907
91$893,769,514$15,061,048$0$362,444,158
92$984,520,209$15,385,244$0$398,615,819
93$1,084,514,441$15,712,292$0$438,456,040
94$1,194,694,639$16,041,919$0$482,338,559
95$1,316,099,349$16,373,830$0$530,675,230
96$1,449,873,034$16,707,699$0$583,919,914
97$1,597,276,878$17,043,171$0$642,572,760
98$1,759,700,694$17,379,861$0$707,184,930
99$1,938,676,038$17,717,348$0$778,363,804
100$2,135,890,673$18,055,176$0$856,778,709