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%19.2%
1 years$244,434$242,257$240,132$238,059$236,035$227,298
2 years$121,007$118,753$116,569$114,451$112,397$103,695
3 years$79,870$77,607$75,428$73,330$71,310$62,914
4 years$59,306$57,049$54,892$52,830$50,859$42,834
5 years$46,970$44,727$42,599$40,579$38,662$31,029
6 years$38,749$36,523$34,426$32,451$30,592$23,356
7 years$32,879$30,672$28,608$26,680$24,879$18,039
8 years$28,479$26,292$24,262$22,381$20,640$14,189
9 years$25,058$22,892$20,897$19,064$17,382$11,311
10 years$22,323$20,178$18,218$16,433$14,810$9,109
11 years$20,087$17,963$16,039$14,302$12,737$7,393
12 years$18,225$16,123$14,234$12,545$11,038$6,037
13 years$16,650$14,570$12,717$11,075$9,625$4,955
14 years$15,302$13,244$11,427$9,831$8,437$4,082
15 years$14,135$12,099$10,317$8,768$7,429$3,374
16 years$13,114$11,100$9,354$7,850$6,566$2,795
17 years$12,214$10,223$8,511$7,054$5,822$2,321
18 years$11,416$9,446$7,770$6,357$5,176$1,931
19 years$10,702$8,755$7,113$5,744$4,614$1,608
20 years$10,060$8,135$6,528$5,202$4,121$1,341
21 years$9,480$7,578$6,004$4,721$3,688$1,120
22 years$8,954$7,074$5,534$4,293$3,306$935
23 years$8,474$6,616$5,110$3,909$2,967$782
24 years$8,035$6,199$4,726$3,566$2,667$654
25 years$7,631$5,817$4,377$3,256$2,400$548
26 years$7,260$5,467$4,059$2,977$2,162$458
27 years$6,916$5,145$3,769$2,725$1,949$384
28 years$6,597$4,848$3,504$2,497$1,759$322
29 years$6,301$4,574$3,261$2,290$1,588$270
30 years$6,025$4,319$3,037$2,101$1,435$226
31 years$5,768$4,083$2,832$1,930$1,297$189
32 years$5,527$3,864$2,642$1,774$1,173$159
33 years$5,301$3,659$2,467$1,631$1,062$133
34 years$5,089$3,468$2,305$1,501$962$112
35 years$4,889$3,289$2,155$1,382$871$94
36 years$4,701$3,122$2,016$1,272$789$78
37 years$4,524$2,965$1,887$1,172$715$66
38 years$4,356$2,818$1,767$1,081$648$55
39 years$4,197$2,680$1,655$996$588$46
40 years$4,047$2,549$1,552$919$533$39
41 years$3,904$2,427$1,455$848$484$33
42 years$3,769$2,311$1,365$782$439$27
43 years$3,640$2,202$1,281$722$398$23
44 years$3,517$2,099$1,202$667$362$19
45 years$3,400$2,002$1,129$616$328$16
46 years$3,288$1,909$1,060$569$298$14
47 years$3,182$1,822$996$526$271$11
48 years$3,080$1,740$936$486$246$10
49 years$2,983$1,661$880$449$223$8
50 years$2,890$1,587$827$415$203$7

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 $4,100 every year, while hoping to spend $21,748 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: 65/27/8 Blend
29$2,960,000$2,960,000$2,960,000$2,960,000
30$3,266,149$3,109,269$3,063,389$3,473,114
31$3,576,157$3,238,484$3,142,873$3,740,592
32$3,917,056$3,373,301$3,224,291$4,029,754
33$4,291,975$3,513,972$3,307,684$4,345,108
34$4,704,361$3,660,761$3,393,095$4,689,200
35$5,158,010$3,813,942$3,480,568$5,064,832
36$5,657,105$3,973,804$3,570,146$5,475,086
37$6,206,258$4,140,648$3,661,873$5,923,353
38$6,810,546$4,314,789$3,755,796$6,413,365
39$7,475,566$4,496,558$3,851,959$6,949,226
40$8,207,483$4,686,299$3,950,410$7,535,455
41$9,013,093$4,884,374$4,051,195$8,177,026
42$9,899,881$5,091,161$4,154,362$8,879,412
43$10,876,095$5,307,055$4,259,960$9,648,638
44$11,950,827$5,532,470$4,368,039$10,491,335
45$13,134,090$5,767,840$4,478,647$11,414,805
46$14,436,921$6,013,618$4,591,835$12,427,085
47$15,871,479$6,270,278$4,707,654$13,537,025
48$17,451,166$6,538,317$4,826,156$14,754,367
49$19,190,745$6,818,255$4,947,393$16,089,840
50$21,106,488$7,110,637$5,071,417$17,555,257
51$23,216,323$7,416,031$5,198,283$19,163,626
52$25,540,005$7,735,034$5,328,043$20,929,271
53$28,099,305$8,068,270$5,460,752$22,867,967
54$30,918,212$8,416,393$5,596,464$24,997,088
55$34,023,159$8,780,086$5,735,236$27,335,766
56$37,443,277$9,160,065$5,877,122$29,905,076
57$41,210,664$9,557,081$6,022,178$32,728,225
58$45,360,692$9,971,919$6,170,461$35,830,779
59$49,932,339$10,405,399$6,322,028$39,240,894
60$54,968,557$10,858,383$6,476,935$42,989,586
61$60,516,677$11,331,771$6,635,240$47,111,018
62$66,628,857$11,826,507$6,797,000$51,642,823
63$73,362,573$12,343,579$6,962,272$56,626,456
64$80,781,162$12,884,020$7,131,114$62,107,582
65$88,954,419$13,448,915$7,303,585$68,136,508
66$97,959,255$14,039,398$7,479,741$74,768,651
67$107,880,427$14,656,656$7,659,640$82,065,064
68$118,811,332$15,301,934$7,843,339$90,093,004
69$130,854,893$15,976,533$8,030,896$98,926,570
70$144,124,528$16,681,820$8,222,367$108,647,393
71$158,745,223$17,419,222$8,417,810$119,345,412
72$174,854,709$18,190,237$8,617,279$131,119,710
73$192,604,763$18,996,432$8,820,831$144,079,456
74$212,162,641$19,839,449$9,028,521$158,344,923
75$233,712,656$20,721,008$9,240,403$174,048,629
76$257,457,920$21,642,910$9,456,529$191,336,576
77$283,622,257$22,607,043$9,676,952$210,369,629
78$312,452,322$23,615,382$9,901,725$231,325,029
79$344,219,921$24,669,999$10,130,895$254,398,065
80$379,224,586$25,773,061$10,364,513$279,803,908
81$417,796,395$26,926,843$10,602,626$307,779,642
82$460,299,093$28,133,723$10,845,278$338,586,493
83$507,133,520$29,396,195$11,092,515$372,512,297
84$558,741,402$30,716,872$11,344,378$409,874,203
85$615,609,517$32,098,490$11,600,906$451,021,669
86$678,274,289$33,543,918$11,862,138$496,339,752
87$747,326,854$35,056,158$12,128,107$546,252,737
88$823,418,642$36,638,358$12,398,847$601,228,136
89$907,267,522$38,293,816$12,674,387$661,781,097
90$999,664,584$40,025,988$12,954,754$728,479,258
91$1,101,481,603$41,838,492$13,239,969$801,948,099
92$1,213,679,271$43,735,123$13,530,053$882,876,841
93$1,337,316,268$45,719,856$13,825,021$972,024,943
94$1,473,559,252$47,796,854$14,124,885$1,070,229,264
95$1,623,693,878$49,970,481$14,429,650$1,178,411,953
96$1,789,136,930$52,245,312$14,739,320$1,297,589,152
97$1,971,449,702$54,626,137$15,053,892$1,428,880,569
98$2,172,352,731$57,117,977$15,373,357$1,573,520,051
99$2,393,742,047$59,726,095$15,697,702$1,732,867,211
100$2,637,707,067$62,456,005$16,026,907$1,908,420,260