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%16.1%
1 years$243,608$241,438$239,321$237,255$235,237$229,364
2 years$120,598$118,352$116,175$114,065$112,018$106,138
3 years$79,600$77,344$75,173$73,082$71,069$65,366
4 years$59,105$56,856$54,707$52,652$50,687$45,205
5 years$46,811$44,576$42,455$40,442$38,531$33,286
6 years$38,618$36,400$34,310$32,341$30,488$25,484
7 years$32,768$30,568$28,512$26,590$24,795$20,033
8 years$28,383$26,203$24,180$22,305$20,570$16,048
9 years$24,974$22,814$20,826$18,999$17,323$13,037
10 years$22,248$20,110$18,157$16,378$14,760$10,705
11 years$20,019$17,902$15,985$14,253$12,694$8,864
12 years$18,163$16,068$14,186$12,502$11,000$7,389
13 years$16,594$14,521$12,674$11,038$9,593$6,192
14 years$15,250$13,199$11,388$9,798$8,409$5,212
15 years$14,087$12,058$10,282$8,738$7,404$4,403
16 years$13,070$11,063$9,322$7,824$6,544$3,731
17 years$12,173$10,188$8,483$7,030$5,802$3,169
18 years$11,377$9,414$7,744$6,335$5,159$2,698
19 years$10,666$8,725$7,089$5,724$4,598$2,300
20 years$10,026$8,108$6,506$5,185$4,107$1,964
21 years$9,448$7,552$5,984$4,705$3,675$1,680
22 years$8,924$7,050$5,515$4,278$3,295$1,438
23 years$8,445$6,593$5,092$3,896$2,957$1,232
24 years$8,008$6,178$4,710$3,554$2,658$1,056
25 years$7,606$5,797$4,362$3,245$2,392$906
26 years$7,235$5,449$4,046$2,967$2,155$778
27 years$6,892$5,128$3,757$2,716$1,943$668
28 years$6,575$4,832$3,492$2,489$1,753$574
29 years$6,280$4,558$3,250$2,282$1,583$493
30 years$6,005$4,305$3,027$2,094$1,430$424
31 years$5,748$4,070$2,822$1,923$1,293$365
32 years$5,508$3,851$2,633$1,768$1,170$314
33 years$5,283$3,647$2,459$1,626$1,058$270
34 years$5,072$3,456$2,297$1,496$958$232
35 years$4,873$3,278$2,148$1,377$868$200
36 years$4,685$3,111$2,009$1,268$786$172
37 years$4,508$2,955$1,880$1,168$713$148
38 years$4,341$2,808$1,761$1,077$646$127
39 years$4,183$2,671$1,650$993$586$110
40 years$4,033$2,541$1,546$916$531$94
41 years$3,891$2,419$1,450$845$482$81
42 years$3,756$2,303$1,360$780$438$70
43 years$3,627$2,195$1,276$720$397$60
44 years$3,505$2,092$1,198$665$360$52
45 years$3,388$1,995$1,125$614$327$45
46 years$3,277$1,903$1,057$567$297$39
47 years$3,171$1,816$993$524$270$33
48 years$3,070$1,734$933$484$245$29
49 years$2,973$1,656$877$447$223$25
50 years$2,880$1,581$824$414$202$21

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 $4,994 every year, while hoping to spend $42,064 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: 31/41/28 Blend
29$2,950,000$2,950,000$2,950,000$2,950,000
30$3,256,051$3,099,701$3,053,976$3,328,928
31$3,543,413$3,206,831$3,111,529$3,492,875
32$3,858,675$3,317,800$3,169,599$3,665,192
33$4,204,640$3,432,752$3,228,161$3,849,856
34$4,584,394$3,551,838$3,287,185$4,047,977
35$5,001,335$3,675,210$3,346,638$4,260,773
36$5,459,208$3,803,033$3,406,488$4,489,583
37$5,962,138$3,935,472$3,466,696$4,735,878
38$6,514,668$4,072,702$3,527,222$5,001,274
39$7,121,805$4,214,906$3,588,025$5,287,547
40$7,789,064$4,362,270$3,649,058$5,596,647
41$8,522,518$4,514,992$3,710,272$5,930,722
42$9,328,863$4,673,274$3,771,614$6,292,130
43$10,215,472$4,837,329$3,833,028$6,683,465
44$11,190,469$5,007,378$3,894,453$7,107,580
45$12,262,807$5,183,649$3,955,827$7,567,614
46$13,442,346$5,366,381$4,017,080$8,067,018
47$14,739,954$5,555,822$4,078,141$8,609,590
48$16,167,602$5,752,230$4,138,931$9,199,509
49$17,738,481$5,955,873$4,199,370$9,841,373
50$19,467,127$6,167,031$4,259,369$10,540,243
51$21,369,552$6,385,994$4,318,836$11,301,688
52$23,463,404$6,613,066$4,377,675$12,131,837
53$25,768,125$6,848,559$4,435,780$13,037,439
54$28,305,138$7,092,803$4,493,043$14,025,921
55$31,098,049$7,346,137$4,549,347$15,105,461
56$34,172,869$7,608,917$4,604,569$16,285,062
57$37,558,260$7,881,512$4,658,581$17,574,636
58$41,285,803$8,164,307$4,711,244$18,985,099
59$45,390,298$8,457,701$4,762,414$20,528,469
60$49,910,092$8,762,112$4,811,938$22,217,982
61$54,887,440$9,077,974$4,859,657$24,068,213
62$60,368,902$9,405,738$4,905,399$26,095,214
63$66,405,787$9,745,876$4,948,986$28,316,662
64$73,054,630$10,098,877$4,990,230$30,752,030
65$80,377,732$10,465,251$5,028,932$33,422,761
66$88,443,743$10,845,531$5,064,884$36,352,478
67$97,328,314$11,240,271$5,097,866$39,567,198
68$107,114,804$11,650,047$5,127,648$43,095,580
69$117,895,076$12,075,461$5,153,985$46,969,196
70$129,770,353$12,517,138$5,176,624$51,222,820
71$142,852,184$12,975,732$5,195,295$55,894,764
72$157,263,487$13,451,923$5,209,717$61,027,229
73$173,139,714$13,946,419$5,219,595$66,666,709
74$190,630,130$14,459,959$5,224,616$72,864,424
75$209,899,219$14,993,313$5,224,457$79,676,801
76$231,128,237$15,547,283$5,218,773$87,166,007
77$254,516,922$16,122,705$5,207,208$95,400,534
78$280,285,382$16,720,451$5,189,383$104,455,840
79$308,676,169$17,341,431$5,164,905$114,415,064
80$339,956,568$17,986,591$5,133,359$125,369,804
81$374,421,124$18,656,920$5,094,313$137,420,982
82$412,394,418$19,353,449$5,047,312$150,679,794
83$454,234,132$20,077,251$4,991,880$165,268,755
84$500,334,424$20,829,447$4,927,519$181,322,856
85$551,129,651$21,611,205$4,853,706$198,990,834
86$607,098,467$22,423,745$4,769,896$218,436,573
87$668,768,339$23,268,338$4,675,517$239,840,648
88$736,720,532$24,146,309$4,569,969$263,402,028
89$811,595,591$25,059,042$4,452,627$289,339,951
90$894,099,386$26,007,981$4,322,835$317,895,988
91$985,009,782$26,994,630$4,179,908$349,336,322
92$1,085,183,974$28,020,561$4,023,130$383,954,257
93$1,195,566,584$29,087,413$3,851,749$422,072,984
94$1,317,198,577$30,196,898$3,664,984$464,048,627
95$1,451,227,085$31,350,799$3,462,014$510,273,600
96$1,598,916,240$32,550,981$3,241,984$561,180,309
97$1,761,659,105$33,799,387$3,003,999$617,245,232
98$1,940,990,824$35,098,047$2,747,123$678,993,407
99$2,138,603,117$36,449,080$2,470,381$747,003,389
100$2,356,360,248$37,854,698$2,172,751$821,912,704