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%19.9%
1 years$243,608$241,438$239,321$237,255$235,237$225,904
2 years$120,598$118,352$116,175$114,065$112,018$102,730
3 years$79,600$77,344$75,173$73,082$71,069$62,119
4 years$59,105$56,856$54,707$52,652$50,687$42,144
5 years$46,811$44,576$42,455$40,442$38,531$30,417
6 years$38,618$36,400$34,310$32,341$30,488$22,807
7 years$32,768$30,568$28,512$26,590$24,795$17,545
8 years$28,383$26,203$24,180$22,305$20,570$13,742
9 years$24,974$22,814$20,826$18,999$17,323$10,908
10 years$22,248$20,110$18,157$16,378$14,760$8,746
11 years$20,019$17,902$15,985$14,253$12,694$7,066
12 years$18,163$16,068$14,186$12,502$11,000$5,743
13 years$16,594$14,521$12,674$11,038$9,593$4,691
14 years$15,250$13,199$11,388$9,798$8,409$3,846
15 years$14,087$12,058$10,282$8,738$7,404$3,162
16 years$13,070$11,063$9,322$7,824$6,544$2,607
17 years$12,173$10,188$8,483$7,030$5,802$2,154
18 years$11,377$9,414$7,744$6,335$5,159$1,782
19 years$10,666$8,725$7,089$5,724$4,598$1,477
20 years$10,026$8,108$6,506$5,185$4,107$1,225
21 years$9,448$7,552$5,984$4,705$3,675$1,017
22 years$8,924$7,050$5,515$4,278$3,295$845
23 years$8,445$6,593$5,092$3,896$2,957$703
24 years$8,008$6,178$4,710$3,554$2,658$584
25 years$7,606$5,797$4,362$3,245$2,392$486
26 years$7,235$5,449$4,046$2,967$2,155$405
27 years$6,892$5,128$3,757$2,716$1,943$337
28 years$6,575$4,832$3,492$2,489$1,753$281
29 years$6,280$4,558$3,250$2,282$1,583$234
30 years$6,005$4,305$3,027$2,094$1,430$195
31 years$5,748$4,070$2,822$1,923$1,293$163
32 years$5,508$3,851$2,633$1,768$1,170$135
33 years$5,283$3,647$2,459$1,626$1,058$113
34 years$5,072$3,456$2,297$1,496$958$94
35 years$4,873$3,278$2,148$1,377$868$78
36 years$4,685$3,111$2,009$1,268$786$65
37 years$4,508$2,955$1,880$1,168$713$55
38 years$4,341$2,808$1,761$1,077$646$46
39 years$4,183$2,671$1,650$993$586$38
40 years$4,033$2,541$1,546$916$531$32
41 years$3,891$2,419$1,450$845$482$26
42 years$3,756$2,303$1,360$780$438$22
43 years$3,627$2,195$1,276$720$397$18
44 years$3,505$2,092$1,198$665$360$15
45 years$3,388$1,995$1,125$614$327$13
46 years$3,277$1,903$1,057$567$297$11
47 years$3,171$1,816$993$524$270$9
48 years$3,070$1,734$933$484$245$7
49 years$2,973$1,656$877$447$223$6
50 years$2,880$1,581$824$414$202$5

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 $6,737 every year, while hoping to spend $21,744 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: 56/26/18 Blend
29$2,950,000$2,950,000$2,950,000$2,950,000
30$3,257,849$3,101,499$3,055,774$3,424,325
31$3,567,014$3,230,337$3,135,007$3,667,279
32$3,906,986$3,364,760$3,216,166$3,928,898
33$4,280,882$3,505,017$3,299,291$4,213,412
34$4,692,141$3,651,371$3,384,426$4,523,021
35$5,144,548$3,804,097$3,471,613$4,860,145
36$5,642,276$3,963,482$3,560,896$5,227,445
37$6,189,921$4,129,825$3,652,319$5,627,848
38$6,792,548$4,303,442$3,745,927$6,064,574
39$7,455,737$4,484,660$3,841,765$6,541,164
40$8,185,638$4,673,824$3,939,879$7,061,516
41$8,989,025$4,871,293$4,040,318$7,629,918
42$9,873,364$5,077,445$4,143,127$8,251,088
43$10,846,880$5,292,673$4,248,355$8,930,219
44$11,918,638$5,517,390$4,356,050$9,673,026
45$13,098,624$5,752,027$4,466,263$10,485,800
46$14,397,844$5,997,037$4,579,043$11,375,465
47$15,828,424$6,252,892$4,694,441$12,349,642
48$17,403,726$6,520,086$4,812,508$13,416,721
49$19,138,474$6,799,139$4,933,295$14,585,942
50$21,048,893$7,090,591$5,056,855$15,867,473
51$23,152,861$7,395,011$5,183,240$17,272,512
52$25,470,079$7,712,992$5,312,504$18,813,389
53$28,022,255$8,045,156$5,444,701$20,503,681
54$30,833,311$8,392,155$5,579,885$22,358,338
55$33,929,607$8,754,669$5,718,110$24,393,824
56$37,340,192$9,133,413$5,859,431$26,628,269
57$41,097,074$9,529,132$6,003,904$29,081,641
58$45,235,525$9,942,610$6,151,585$31,775,931
59$49,794,415$10,374,664$6,302,530$34,735,359
60$54,816,575$10,826,152$6,456,794$37,986,603
61$60,349,204$11,297,972$6,614,435$41,559,045
62$66,444,314$11,791,063$6,775,509$45,485,049
63$73,159,218$12,306,410$6,940,073$49,800,265
64$80,557,076$12,845,042$7,108,184$54,543,961
65$88,707,489$13,408,039$7,279,898$59,759,393
66$97,687,151$13,996,532$7,455,273$65,494,212
67$107,580,581$14,611,702$7,634,365$71,800,907
68$118,480,915$15,254,791$7,817,231$78,737,304
69$130,490,787$15,927,094$8,003,927$86,367,106
70$143,723,298$16,629,972$8,194,510$94,760,490
71$158,303,082$17,364,849$8,389,034$103,994,769
72$174,367,484$18,133,215$8,587,554$114,155,120
73$192,067,857$18,936,631$8,790,127$125,335,379
74$211,570,986$19,776,734$8,996,804$137,638,931
75$233,060,669$20,655,237$9,207,639$151,179,679
76$256,739,448$21,573,933$9,422,685$166,083,114
77$282,830,519$22,534,704$9,641,993$182,487,497
78$311,579,844$23,539,517$9,865,612$200,545,164
79$343,258,470$24,590,435$10,093,592$220,423,953
80$378,165,087$25,689,618$10,325,980$242,308,792
81$416,628,847$26,839,331$10,562,821$266,403,433
82$459,012,475$28,041,944$10,804,161$292,932,375
83$505,715,689$29,299,940$11,050,042$322,142,978
84$557,178,974$30,615,923$11,300,504$354,307,793
85$613,887,744$31,992,617$11,555,585$389,727,128
86$676,376,918$33,432,880$11,815,322$428,731,878
87$745,235,976$34,939,703$12,079,747$471,686,647
88$821,114,519$36,516,222$12,348,892$518,993,176
89$904,728,405$38,165,722$12,622,784$571,094,138
90$996,866,503$39,891,643$12,901,449$628,477,303
91$1,098,398,145$41,697,592$13,184,906$691,680,140
92$1,210,281,329$43,587,347$13,473,173$761,294,885
93$1,333,571,765$45,564,868$13,766,265$837,974,118
94$1,469,432,840$47,634,301$14,064,190$922,436,923
95$1,619,146,602$49,799,995$14,366,953$1,015,475,665
96$1,784,125,865$52,066,504$14,674,555$1,117,963,461
97$1,965,927,540$54,438,600$14,986,990$1,230,862,414
98$2,166,267,343$56,921,285$15,304,248$1,355,232,688
99$2,387,035,985$59,519,800$15,626,313$1,492,242,507
100$2,630,317,023$62,239,638$15,953,162$1,643,179,169