Can I retire at age 30 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$244,434$242,257$240,132$238,059$236,035$234,941
2 years$121,007$118,753$116,569$114,451$112,397$111,294
3 years$79,870$77,607$75,428$73,330$71,310$70,230
4 years$59,306$57,049$54,892$52,830$50,859$49,811
5 years$46,970$44,727$42,599$40,579$38,662$37,650
6 years$38,749$36,523$34,426$32,451$30,592$29,616
7 years$32,879$30,672$28,608$26,680$24,879$23,941
8 years$28,479$26,292$24,262$22,381$20,640$19,738
9 years$25,058$22,892$20,897$19,064$17,382$16,517
10 years$22,323$20,178$18,218$16,433$14,810$13,982
11 years$20,087$17,963$16,039$14,302$12,737$11,945
12 years$18,225$16,123$14,234$12,545$11,038$10,281
13 years$16,650$14,570$12,717$11,075$9,625$8,904
14 years$15,302$13,244$11,427$9,831$8,437$7,750
15 years$14,135$12,099$10,317$8,768$7,429$6,774
16 years$13,114$11,100$9,354$7,850$6,566$5,943
17 years$12,214$10,223$8,511$7,054$5,822$5,230
18 years$11,416$9,446$7,770$6,357$5,176$4,615
19 years$10,702$8,755$7,113$5,744$4,614$4,082
20 years$10,060$8,135$6,528$5,202$4,121$3,618
21 years$9,480$7,578$6,004$4,721$3,688$3,212
22 years$8,954$7,074$5,534$4,293$3,306$2,856
23 years$8,474$6,616$5,110$3,909$2,967$2,543
24 years$8,035$6,199$4,726$3,566$2,667$2,266
25 years$7,631$5,817$4,377$3,256$2,400$2,022
26 years$7,260$5,467$4,059$2,977$2,162$1,806
27 years$6,916$5,145$3,769$2,725$1,949$1,615
28 years$6,597$4,848$3,504$2,497$1,759$1,444
29 years$6,301$4,574$3,261$2,290$1,588$1,293
30 years$6,025$4,319$3,037$2,101$1,435$1,158
31 years$5,768$4,083$2,832$1,930$1,297$1,038
32 years$5,527$3,864$2,642$1,774$1,173$930
33 years$5,301$3,659$2,467$1,631$1,062$834
34 years$5,089$3,468$2,305$1,501$962$749
35 years$4,889$3,289$2,155$1,382$871$672
36 years$4,701$3,122$2,016$1,272$789$603
37 years$4,524$2,965$1,887$1,172$715$542
38 years$4,356$2,818$1,767$1,081$648$487
39 years$4,197$2,680$1,655$996$588$437
40 years$4,047$2,549$1,552$919$533$393
41 years$3,904$2,427$1,455$848$484$353
42 years$3,769$2,311$1,365$782$439$317
43 years$3,640$2,202$1,281$722$398$285
44 years$3,517$2,099$1,202$667$362$257
45 years$3,400$2,002$1,129$616$328$231
46 years$3,288$1,909$1,060$569$298$207
47 years$3,182$1,822$996$526$271$187
48 years$3,080$1,740$936$486$246$168
49 years$2,983$1,661$880$449$223$151
50 years$2,890$1,587$827$415$203$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,960,000, adding $3,154 every year, while hoping to spend $34,737 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: 71/10/19 Blend
29$2,960,000$2,960,000$2,960,000$2,960,000
30$3,265,173$3,108,293$3,062,413$3,481,875
31$3,561,261$3,223,640$3,128,044$3,741,893
32$3,886,386$3,343,474$3,194,710$4,022,036
33$4,243,472$3,467,979$3,262,407$4,327,882
34$4,635,742$3,597,346$3,331,134$4,661,972
35$5,066,746$3,731,775$3,400,886$5,027,103
36$5,540,395$3,871,472$3,471,656$5,426,357
37$6,060,996$4,016,655$3,543,437$5,863,124
38$6,633,296$4,167,550$3,616,221$6,341,142
39$7,262,525$4,324,392$3,689,996$6,864,523
40$7,954,442$4,487,427$3,764,751$7,437,800
41$8,715,396$4,656,912$3,840,471$8,065,962
42$9,552,380$4,833,114$3,917,140$8,754,506
43$10,473,098$5,016,312$3,994,740$9,509,487
44$11,486,041$5,206,798$4,073,251$10,337,574
45$12,600,561$5,404,875$4,152,649$11,246,112
46$13,826,965$5,610,861$4,232,909$12,243,194
47$15,176,609$5,825,086$4,314,005$13,337,734
48$16,662,004$6,047,896$4,395,905$14,539,551
49$18,296,936$6,279,652$4,478,576$15,859,465
50$20,096,598$6,520,728$4,561,982$17,309,393
51$22,077,725$6,771,519$4,646,083$18,902,466
52$24,258,763$7,032,433$4,730,837$20,653,147
53$26,660,034$7,303,899$4,816,197$22,577,375
54$29,303,931$7,586,364$4,902,113$24,692,707
55$32,215,130$7,880,294$4,988,532$27,018,489
56$35,420,820$8,186,175$5,075,394$29,576,034
57$38,950,963$8,504,517$5,162,639$32,388,825
58$42,838,573$8,835,849$5,250,199$35,482,738
59$47,120,029$9,180,728$5,338,002$38,886,279
60$51,835,419$9,539,730$5,425,972$42,630,860
61$57,028,917$9,913,462$5,514,028$46,751,092
62$62,749,200$10,302,555$5,602,081$51,285,109
63$69,049,906$10,707,669$5,690,039$56,274,931
64$75,990,144$11,129,492$5,777,803$61,766,858
65$83,635,046$11,568,745$5,865,266$67,811,906
66$92,056,386$12,026,179$5,952,318$74,466,289
67$101,333,256$12,502,580$6,038,840$81,791,950
68$111,552,811$12,998,769$6,124,703$89,857,143
69$122,811,093$13,515,603$6,209,776$98,737,076
70$135,213,936$14,053,979$6,293,915$108,514,622
71$148,877,966$14,614,834$6,376,970$119,281,102
72$163,931,702$15,199,144$6,458,782$131,137,143
73$180,516,767$15,807,934$6,539,183$144,193,627
74$198,789,226$16,442,271$6,617,994$158,572,740
75$218,921,058$17,103,272$6,695,027$174,409,123
76$241,101,779$17,792,106$6,770,084$191,851,141
77$265,540,233$18,509,992$6,842,954$211,062,286
78$292,466,561$19,258,206$6,913,417$232,222,713
79$322,134,373$20,038,081$6,981,240$255,530,948
80$354,823,143$20,851,010$7,046,175$281,205,754
81$390,840,845$21,698,452$7,107,964$309,488,200
82$430,526,865$22,581,929$7,166,333$340,643,933
83$474,255,196$23,503,034$7,220,997$374,965,685
84$522,437,976$24,463,434$7,271,651$412,776,038
85$575,529,376$25,464,868$7,317,977$454,430,463
86$634,029,885$26,509,159$7,359,641$500,320,678
87$698,491,035$27,598,210$7,396,292$550,878,346
88$769,520,611$28,734,013$7,427,558$606,579,145
89$847,788,384$29,918,650$7,453,052$667,947,261
90$934,032,435$31,154,299$7,472,364$735,560,332
91$1,029,066,122$32,443,239$7,485,068$810,054,901
92$1,133,785,760$33,787,851$7,490,711$892,132,425
93$1,249,179,081$35,190,629$7,488,823$982,565,894
94$1,376,334,556$36,654,179$7,478,908$1,082,207,127
95$1,516,451,675$38,181,228$7,460,446$1,191,994,813
96$1,670,852,267$39,774,629$7,432,891$1,312,963,370
97$1,840,992,978$41,437,366$7,395,673$1,446,252,709
98$2,028,479,026$43,172,561$7,348,192$1,593,118,995
99$2,235,079,350$44,983,480$7,289,820$1,754,946,503
100$2,462,743,315$46,873,542$7,219,901$1,933,260,683