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%13.6%
1 years$245,260$243,075$240,944$238,863$236,832$233,293
2 years$121,416$119,154$116,963$114,838$112,777$109,219
3 years$80,140$77,869$75,683$73,578$71,550$68,085
4 years$59,506$57,242$55,078$53,009$51,030$47,684
5 years$47,129$44,878$42,743$40,716$38,792$35,574
6 years$38,880$36,646$34,542$32,561$30,695$27,609
7 years$32,990$30,776$28,705$26,770$24,963$22,011
8 years$28,575$26,380$24,344$22,457$20,710$17,890
9 years$25,143$22,969$20,967$19,128$17,440$14,752
10 years$22,399$20,246$18,280$16,489$14,860$12,302
11 years$20,155$18,024$16,093$14,350$12,780$10,348
12 years$18,286$16,177$14,282$12,587$11,075$8,767
13 years$16,707$14,619$12,760$11,112$9,658$7,470
14 years$15,354$13,289$11,465$9,864$8,466$6,396
15 years$14,182$12,139$10,352$8,797$7,454$5,497
16 years$13,158$11,138$9,385$7,877$6,588$4,741
17 years$12,256$10,257$8,540$7,077$5,841$4,100
18 years$11,454$9,478$7,796$6,378$5,194$3,554
19 years$10,738$8,784$7,137$5,763$4,629$3,087
20 years$10,094$8,163$6,550$5,220$4,135$2,686
21 years$9,512$7,603$6,025$4,737$3,700$2,341
22 years$8,984$7,098$5,553$4,307$3,317$2,043
23 years$8,503$6,638$5,127$3,923$2,977$1,784
24 years$8,062$6,220$4,742$3,578$2,676$1,560
25 years$7,657$5,837$4,392$3,267$2,408$1,365
26 years$7,284$5,486$4,073$2,987$2,169$1,196
27 years$6,939$5,163$3,782$2,735$1,956$1,048
28 years$6,619$4,865$3,516$2,505$1,765$919
29 years$6,322$4,589$3,272$2,298$1,593$806
30 years$6,046$4,334$3,048$2,109$1,440$707
31 years$5,787$4,097$2,841$1,937$1,302$621
32 years$5,545$3,877$2,651$1,780$1,177$545
33 years$5,319$3,671$2,475$1,637$1,066$479
34 years$5,106$3,480$2,313$1,506$965$421
35 years$4,906$3,300$2,162$1,386$874$370
36 years$4,717$3,132$2,023$1,277$792$325
37 years$4,539$2,975$1,893$1,176$718$286
38 years$4,371$2,827$1,773$1,084$651$251
39 years$4,211$2,689$1,661$1,000$590$221
40 years$4,060$2,558$1,557$922$535$195
41 years$3,917$2,435$1,460$851$485$171
42 years$3,781$2,319$1,369$785$441$151
43 years$3,652$2,210$1,285$725$400$132
44 years$3,529$2,106$1,206$669$363$117
45 years$3,411$2,008$1,133$618$329$103
46 years$3,300$1,916$1,064$571$299$90
47 years$3,193$1,828$999$527$272$79
48 years$3,091$1,745$939$487$247$70
49 years$2,993$1,667$883$450$224$61
50 years$2,900$1,592$830$416$203$54

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 $3,198 every year, while hoping to spend $26,982 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: 41/41/18 Blend
29$2,970,000$2,970,000$2,970,000$2,970,000
30$3,276,239$3,118,829$3,072,794$3,393,055
31$3,581,706$3,242,943$3,147,024$3,600,435
32$3,917,428$3,372,234$3,222,836$3,821,892
33$4,286,459$3,506,928$3,300,255$4,061,024
34$4,692,170$3,647,259$3,379,306$4,319,459
35$5,138,271$3,793,474$3,460,012$4,598,983
36$5,628,851$3,945,830$3,542,398$4,901,559
37$6,168,413$4,104,596$3,626,488$5,229,343
38$6,761,922$4,270,052$3,712,306$5,584,702
39$7,414,845$4,442,491$3,799,875$5,970,237
40$8,133,207$4,622,221$3,889,219$6,388,806
41$8,923,646$4,809,562$3,980,360$6,843,553
42$9,793,477$5,004,850$4,073,322$7,337,928
43$10,750,759$5,208,435$4,168,125$7,875,730
44$11,804,372$5,420,683$4,264,793$8,461,132
45$12,964,100$5,641,979$4,363,345$9,098,722
46$14,240,724$5,872,721$4,463,803$9,793,550
47$15,646,124$6,113,331$4,566,186$10,551,165
48$17,193,389$6,364,244$4,670,514$11,377,675
49$18,896,943$6,625,921$4,776,804$12,279,796
50$20,772,679$6,898,839$4,885,075$13,264,920
51$22,838,109$7,183,499$4,995,343$14,341,176
52$25,112,533$7,480,427$5,107,623$15,517,514
53$27,617,213$7,790,170$5,221,930$16,803,778
54$30,375,581$8,113,300$5,338,277$18,210,805
55$33,413,457$8,450,419$5,456,677$19,750,520
56$36,759,293$8,802,153$5,577,139$21,436,052
57$40,444,441$9,169,158$5,699,672$23,281,849
58$44,503,448$9,552,121$5,824,286$25,303,818
59$48,974,385$9,951,760$5,950,984$27,519,469
60$53,899,202$10,368,826$6,079,772$29,948,081
61$59,324,128$10,804,106$6,210,652$32,610,878
62$65,300,103$11,258,421$6,343,623$35,531,232
63$71,883,262$11,732,633$6,478,683$38,734,875
64$79,135,464$12,227,641$6,615,828$42,250,142
65$87,124,874$12,744,388$6,755,051$46,108,235
66$95,926,608$13,283,859$6,896,341$50,343,517
67$105,623,441$13,847,088$7,039,688$54,993,827
68$116,306,589$14,435,152$7,185,075$60,100,842
69$128,076,569$15,049,183$7,332,483$65,710,459
70$141,044,149$15,690,362$7,481,891$71,873,229
71$155,331,390$16,359,928$7,633,272$78,644,832
72$171,072,804$17,059,176$7,786,598$86,086,592
73$188,416,616$17,789,462$7,941,836$94,266,060
74$207,526,170$18,552,205$8,098,947$103,257,641
75$228,581,467$19,348,891$8,257,889$113,143,293
76$251,780,865$20,181,075$8,418,617$124,013,299
77$277,342,950$21,050,384$8,581,077$135,967,112
78$305,508,602$21,958,524$8,745,214$149,114,289
79$336,543,265$22,907,277$8,910,964$163,575,518
80$370,739,456$23,898,512$9,078,260$179,483,756
81$408,419,526$24,934,184$9,247,027$196,985,474
82$449,938,699$26,016,341$9,417,183$216,242,035
83$495,688,429$27,147,125$9,588,642$237,431,213
84$546,100,096$28,328,781$9,761,309$260,748,860
85$601,649,073$29,563,658$9,935,080$286,410,752
86$662,859,219$30,854,218$10,109,846$314,654,616
87$730,307,821$32,203,037$10,285,487$345,742,370
88$804,631,045$33,612,812$10,461,877$379,962,582
89$886,529,940$35,086,368$10,638,879$417,633,190
90$976,777,058$36,626,664$10,816,345$459,104,494
91$1,076,223,746$38,236,798$10,994,120$504,762,454
92$1,185,808,182$39,920,015$11,172,037$555,032,321
93$1,306,564,233$41,679,712$11,349,917$610,382,646
94$1,439,631,215$43,519,449$11,527,569$671,329,692
95$1,586,264,648$45,442,951$11,704,793$738,442,291
96$1,747,848,110$47,454,123$11,881,371$812,347,212
97$1,925,906,296$49,557,053$12,057,075$893,735,058
98$2,122,119,413$51,756,024$12,231,662$983,366,778
99$2,338,339,044$54,055,521$12,404,874$1,082,080,836
100$2,576,605,627$56,460,241$12,576,437$1,190,801,112