Can I retire at age 30 with 2,970,000?

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 $2,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$245,260$243,075$240,944$238,863$236,832$229,067
2 years$121,416$119,154$116,963$114,838$112,777$105,029
3 years$80,140$77,869$75,683$73,578$71,550$64,061
4 years$59,506$57,242$55,078$53,009$51,030$43,858
5 years$47,129$44,878$42,743$40,716$38,792$31,955
6 years$38,880$36,646$34,542$32,561$30,695$24,199
7 years$32,990$30,776$28,705$26,770$24,963$18,808
8 years$28,575$26,380$24,344$22,457$20,710$14,890
9 years$25,143$22,969$20,967$19,128$17,440$11,951
10 years$22,399$20,246$18,280$16,489$14,860$9,691
11 years$20,155$18,024$16,093$14,350$12,780$7,922
12 years$18,286$16,177$14,282$12,587$11,075$6,517
13 years$16,707$14,619$12,760$11,112$9,658$5,388
14 years$15,354$13,289$11,465$9,864$8,466$4,473
15 years$14,182$12,139$10,352$8,797$7,454$3,726
16 years$13,158$11,138$9,385$7,877$6,588$3,112
17 years$12,256$10,257$8,540$7,077$5,841$2,605
18 years$11,454$9,478$7,796$6,378$5,194$2,185
19 years$10,738$8,784$7,137$5,763$4,629$1,835
20 years$10,094$8,163$6,550$5,220$4,135$1,544
21 years$9,512$7,603$6,025$4,737$3,700$1,300
22 years$8,984$7,098$5,553$4,307$3,317$1,095
23 years$8,503$6,638$5,127$3,923$2,977$924
24 years$8,062$6,220$4,742$3,578$2,676$779
25 years$7,657$5,837$4,392$3,267$2,408$658
26 years$7,284$5,486$4,073$2,987$2,169$556
27 years$6,939$5,163$3,782$2,735$1,956$470
28 years$6,619$4,865$3,516$2,505$1,765$397
29 years$6,322$4,589$3,272$2,298$1,593$336
30 years$6,046$4,334$3,048$2,109$1,440$284
31 years$5,787$4,097$2,841$1,937$1,302$240
32 years$5,545$3,877$2,651$1,780$1,177$203
33 years$5,319$3,671$2,475$1,637$1,066$172
34 years$5,106$3,480$2,313$1,506$965$145
35 years$4,906$3,300$2,162$1,386$874$123
36 years$4,717$3,132$2,023$1,277$792$104
37 years$4,539$2,975$1,893$1,176$718$88
38 years$4,371$2,827$1,773$1,084$651$75
39 years$4,211$2,689$1,661$1,000$590$63
40 years$4,060$2,558$1,557$922$535$53
41 years$3,917$2,435$1,460$851$485$45
42 years$3,781$2,319$1,369$785$441$38
43 years$3,652$2,210$1,285$725$400$32
44 years$3,529$2,106$1,206$669$363$27
45 years$3,411$2,008$1,133$618$329$23
46 years$3,300$1,916$1,064$571$299$20
47 years$3,193$1,828$999$527$272$17
48 years$3,091$1,745$939$487$247$14
49 years$2,993$1,667$883$450$224$12
50 years$2,900$1,592$830$416$203$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,970,000, adding $3,850 every year, while hoping to spend $33,334 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: 60/34/6 Blend
29$2,970,000$2,970,000$2,970,000$2,970,000
30$3,276,911$3,119,501$3,073,466$3,469,564
31$3,575,689$3,236,890$3,140,960$3,716,318
32$3,903,825$3,358,913$3,209,598$3,981,148
33$4,264,278$3,485,763$3,279,383$4,269,142
34$4,660,309$3,617,640$3,350,317$4,582,526
35$5,095,509$3,754,753$3,422,401$4,923,751
36$5,573,835$3,897,319$3,495,635$5,295,510
37$6,099,645$4,045,567$3,570,018$5,700,766
38$6,677,742$4,199,733$3,645,547$6,142,780
39$7,313,417$4,360,065$3,722,218$6,625,137
40$8,012,499$4,526,822$3,800,025$7,151,785
41$8,781,410$4,700,272$3,878,962$7,727,065
42$9,627,227$4,880,699$3,959,021$8,355,756
43$10,557,746$5,068,394$4,040,189$9,043,117
44$11,581,557$5,263,666$4,122,456$9,794,938
45$12,708,124$5,466,835$4,205,807$10,617,588
46$13,947,877$5,678,233$4,290,226$11,518,083
47$15,312,305$5,898,212$4,375,693$12,504,142
48$16,814,070$6,127,134$4,462,189$13,584,267
49$18,467,122$6,365,381$4,549,689$14,767,815
50$20,286,834$6,613,349$4,638,169$16,065,091
51$22,290,141$6,871,454$4,727,598$17,487,440
52$24,495,709$7,140,128$4,817,946$19,047,355
53$26,924,102$7,419,825$4,909,177$20,758,593
54$29,597,980$7,711,016$5,001,255$22,636,304
55$32,542,314$8,014,196$5,094,137$24,697,172
56$35,784,618$8,329,880$5,187,779$26,959,570
57$39,355,212$8,658,607$5,282,132$29,443,734
58$43,287,504$9,000,939$5,377,143$32,171,953
59$47,618,308$9,357,464$5,472,757$35,168,775
60$52,388,192$9,728,796$5,568,911$38,461,237
61$57,641,858$10,115,577$5,665,540$42,079,121
62$63,428,565$10,518,478$5,762,573$46,055,234
63$69,802,594$10,938,199$5,859,934$50,425,710
64$76,823,761$11,375,473$5,957,544$55,230,357
65$84,557,977$11,831,063$6,055,314$60,513,023
66$93,077,876$12,305,771$6,153,152$66,322,012
67$102,463,497$12,800,431$6,250,961$72,710,540
68$112,803,039$13,315,918$6,348,633$79,737,228
69$124,193,695$13,853,144$6,446,058$87,466,659
70$136,742,567$14,413,063$6,543,117$95,969,982
71$150,567,679$14,996,674$6,639,681$105,325,584
72$165,799,090$15,605,018$6,735,618$115,619,823
73$182,580,120$16,239,187$6,830,785$126,947,842
74$201,068,705$16,900,320$6,925,029$139,414,467
75$221,438,887$17,589,610$7,018,191$153,135,188
76$243,882,454$18,308,301$7,110,101$168,237,252
77$268,610,754$19,057,698$7,200,579$184,860,855
78$295,856,688$19,839,162$7,289,435$203,160,465
79$325,876,908$20,654,118$7,376,469$223,306,276
80$358,954,239$21,504,057$7,461,468$245,485,813
81$395,400,352$22,390,536$7,544,207$269,905,693
82$435,558,700$23,315,185$7,624,451$296,793,575
83$479,807,767$24,279,708$7,701,949$326,400,305
84$528,564,635$25,285,889$7,776,440$359,002,277
85$582,288,921$26,335,592$7,847,644$394,904,039
86$641,487,122$27,430,766$7,915,271$434,441,164
87$706,717,388$28,573,454$7,979,013$477,983,411
88$778,594,797$29,765,788$8,038,545$525,938,210
89$857,797,157$31,010,002$8,093,527$578,754,504
90$945,071,407$32,308,432$8,143,600$636,926,980
91$1,041,240,667$33,663,522$8,188,387$701,000,734
92$1,147,212,008$35,077,828$8,227,491$771,576,411
93$1,263,985,018$36,554,026$8,260,497$849,315,864
94$1,392,661,232$38,094,916$8,286,966$934,948,402
95$1,534,454,536$39,703,426$8,306,438$1,029,277,663
96$1,690,702,627$41,382,621$8,318,431$1,133,189,196
97$1,862,879,635$43,135,710$8,322,439$1,247,658,808
98$2,052,610,046$44,966,048$8,317,929$1,373,761,776
99$2,261,684,035$46,877,148$8,304,344$1,512,682,981
100$2,492,074,365$48,872,687$8,281,098$1,665,728,090