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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$245,260$243,075$240,944$238,863$236,832$229,711
2 years$121,416$119,154$116,963$114,838$112,777$105,663
3 years$80,140$77,869$75,683$73,578$71,550$64,666
4 years$59,506$57,242$55,078$53,009$51,030$44,428
5 years$47,129$44,878$42,743$40,716$38,792$32,491
6 years$38,880$36,646$34,542$32,561$30,695$24,700
7 years$32,990$30,776$28,705$26,770$24,963$19,274
8 years$28,575$26,380$24,344$22,457$20,710$15,322
9 years$25,143$22,969$20,967$19,128$17,440$12,349
10 years$22,399$20,246$18,280$16,489$14,860$10,059
11 years$20,155$18,024$16,093$14,350$12,780$8,260
12 years$18,286$16,177$14,282$12,587$11,075$6,826
13 years$16,707$14,619$12,760$11,112$9,658$5,671
14 years$15,354$13,289$11,465$9,864$8,466$4,731
15 years$14,182$12,139$10,352$8,797$7,454$3,960
16 years$13,158$11,138$9,385$7,877$6,588$3,325
17 years$12,256$10,257$8,540$7,077$5,841$2,797
18 years$11,454$9,478$7,796$6,378$5,194$2,358
19 years$10,738$8,784$7,137$5,763$4,629$1,991
20 years$10,094$8,163$6,550$5,220$4,135$1,684
21 years$9,512$7,603$6,025$4,737$3,700$1,425
22 years$8,984$7,098$5,553$4,307$3,317$1,208
23 years$8,503$6,638$5,127$3,923$2,977$1,024
24 years$8,062$6,220$4,742$3,578$2,676$869
25 years$7,657$5,837$4,392$3,267$2,408$738
26 years$7,284$5,486$4,073$2,987$2,169$627
27 years$6,939$5,163$3,782$2,735$1,956$533
28 years$6,619$4,865$3,516$2,505$1,765$453
29 years$6,322$4,589$3,272$2,298$1,593$385
30 years$6,046$4,334$3,048$2,109$1,440$328
31 years$5,787$4,097$2,841$1,937$1,302$279
32 years$5,545$3,877$2,651$1,780$1,177$237
33 years$5,319$3,671$2,475$1,637$1,066$202
34 years$5,106$3,480$2,313$1,506$965$172
35 years$4,906$3,300$2,162$1,386$874$146
36 years$4,717$3,132$2,023$1,277$792$124
37 years$4,539$2,975$1,893$1,176$718$106
38 years$4,371$2,827$1,773$1,084$651$90
39 years$4,211$2,689$1,661$1,000$590$77
40 years$4,060$2,558$1,557$922$535$65
41 years$3,917$2,435$1,460$851$485$56
42 years$3,781$2,319$1,369$785$441$47
43 years$3,652$2,210$1,285$725$400$40
44 years$3,529$2,106$1,206$669$363$34
45 years$3,411$2,008$1,133$618$329$29
46 years$3,300$1,916$1,064$571$299$25
47 years$3,193$1,828$999$527$272$21
48 years$3,091$1,745$939$487$247$18
49 years$2,993$1,667$883$450$224$15
50 years$2,900$1,592$830$416$203$13

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 $6,604 every year, while hoping to spend $50,040 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: 33/49/18 Blend
29$2,970,000$2,970,000$2,970,000$2,970,000
30$3,279,752$3,122,342$3,076,307$3,369,481
31$3,561,045$3,222,095$3,126,121$3,536,142
32$3,869,352$3,325,058$3,175,927$3,710,558
33$4,207,376$3,431,337$3,225,671$3,897,476
34$4,578,095$3,541,038$3,275,297$4,098,025
35$4,984,786$3,654,275$3,324,746$4,313,443
36$5,431,062$3,771,161$3,373,952$4,545,091
37$5,920,898$3,891,817$3,422,847$4,794,464
38$6,458,679$4,016,364$3,471,361$5,063,206
39$7,049,228$4,144,931$3,519,416$5,353,122
40$7,697,865$4,277,647$3,566,932$5,666,199
41$8,410,445$4,414,650$3,613,822$6,004,621
42$9,193,422$4,556,079$3,659,997$6,370,790
43$10,053,903$4,702,079$3,705,359$6,767,347
44$10,999,720$4,852,800$3,749,807$7,197,198
45$12,039,500$5,008,396$3,793,234$7,663,541
46$13,182,749$5,169,027$3,835,527$8,169,894
47$14,439,938$5,334,859$3,876,567$8,720,127
48$15,822,607$5,506,061$3,916,226$9,318,501
49$17,343,466$5,682,811$3,954,373$9,969,706
50$19,016,521$5,865,291$3,990,867$10,678,901
51$20,857,205$6,053,689$4,025,560$11,451,769
52$22,882,520$6,248,200$4,058,296$12,294,565
53$25,111,201$6,449,026$4,088,913$13,214,173
54$27,563,889$6,656,373$4,117,237$14,218,177
55$30,263,328$6,870,459$4,143,087$15,314,924
56$33,234,580$7,091,503$4,166,272$16,513,607
57$36,505,258$7,319,738$4,186,593$17,824,349
58$40,105,789$7,555,399$4,203,839$19,258,298
59$44,069,699$7,798,734$4,217,787$20,827,731
60$48,433,931$8,049,994$4,228,206$22,546,171
61$53,239,193$8,309,444$4,234,851$24,428,511
62$58,530,338$8,577,355$4,237,466$26,491,155
63$64,356,794$8,854,007$4,235,783$28,752,172
64$70,773,024$9,139,690$4,229,518$31,231,465
65$77,839,042$9,434,704$4,218,377$33,950,958
66$85,620,979$9,739,360$4,202,048$36,934,803
67$94,191,709$10,053,979$4,180,206$40,209,605
68$103,631,531$10,378,891$4,152,510$43,804,672
69$114,028,931$10,714,441$4,118,603$47,752,296
70$125,481,416$11,060,982$4,078,110$52,088,046
71$138,096,432$11,418,882$4,030,639$56,851,114
72$151,992,382$11,788,521$3,975,779$62,084,677
73$167,299,737$12,170,291$3,913,100$67,836,304
74$184,162,272$12,564,597$3,842,151$74,158,405
75$202,738,422$12,971,860$3,762,461$81,108,726
76$223,202,774$13,392,515$3,673,536$88,750,888
77$245,747,719$13,827,010$3,574,862$97,154,993
78$270,585,263$14,275,810$3,465,897$106,398,276
79$297,949,032$14,739,397$3,346,076$116,565,842
80$328,096,474$15,218,268$3,214,811$127,751,459
81$361,311,289$15,712,938$3,071,482$140,058,449
82$397,906,108$16,223,940$2,915,444$153,600,656
83$438,225,442$16,751,824$2,746,022$168,503,525
84$482,648,935$17,297,161$2,562,512$184,905,279
85$531,594,946$17,860,541$2,364,175$202,958,225
86$585,524,498$18,442,576$2,150,243$222,830,189
87$644,945,631$19,043,896$1,919,910$244,706,103
88$710,418,195$19,665,156$1,672,337$268,789,740
89$782,559,136$20,307,034$1,406,645$295,305,645
90$862,048,319$20,970,230$1,121,919$324,501,249
91$949,634,945$21,655,469$817,201$356,649,200
92$1,046,144,625$22,363,502$491,492$392,049,942
93$1,152,487,170$23,095,107$143,750$431,034,542
94$1,269,665,182$23,851,088$0$473,967,818
95$1,398,783,517$24,632,278$0$521,295,446
96$1,541,059,715$25,439,539$0$573,449,056
97$1,697,835,495$26,273,765$0$630,889,396
98$1,870,589,417$27,135,881$0$694,154,635
99$2,060,950,841$28,026,843$0$763,837,795
100$2,270,715,312$28,947,644$0$840,592,353