Can I retire at age 30 with 2,980,000?

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$246,086$243,894$241,755$239,668$237,629$229,564
2 years$121,825$119,556$117,357$115,225$113,157$105,112
3 years$80,410$78,131$75,938$73,826$71,791$64,019
4 years$59,706$57,435$55,263$53,187$51,202$43,763
5 years$47,287$45,029$42,886$40,853$38,923$31,836
6 years$39,011$36,770$34,659$32,670$30,799$24,069
7 years$33,101$30,879$28,801$26,860$25,047$18,675
8 years$28,671$26,469$24,426$22,532$20,779$14,759
9 years$25,228$23,046$21,038$19,193$17,499$11,823
10 years$22,474$20,314$18,341$16,544$14,910$9,570
11 years$20,223$18,084$16,148$14,398$12,823$7,807
12 years$18,348$16,232$14,331$12,629$11,112$6,410
13 years$16,763$14,669$12,803$11,150$9,690$5,289
14 years$15,405$13,333$11,504$9,898$8,494$4,382
15 years$14,230$12,180$10,386$8,827$7,479$3,642
16 years$13,203$11,175$9,417$7,903$6,610$3,036
17 years$12,297$10,292$8,569$7,101$5,861$2,535
18 years$11,493$9,510$7,822$6,400$5,211$2,122
19 years$10,774$8,814$7,161$5,783$4,645$1,778
20 years$10,128$8,190$6,572$5,237$4,149$1,492
21 years$9,544$7,629$6,045$4,753$3,713$1,253
22 years$9,014$7,121$5,571$4,322$3,328$1,054
23 years$8,531$6,661$5,144$3,936$2,987$886
24 years$8,089$6,240$4,757$3,590$2,685$746
25 years$7,683$5,856$4,406$3,278$2,416$629
26 years$7,309$5,504$4,087$2,998$2,176$530
27 years$6,963$5,180$3,795$2,744$1,962$446
28 years$6,642$4,881$3,528$2,514$1,771$376
29 years$6,344$4,605$3,283$2,305$1,599$318
30 years$6,066$4,349$3,058$2,116$1,445$268
31 years$5,807$4,111$2,851$1,943$1,306$226
32 years$5,564$3,890$2,660$1,786$1,181$191
33 years$5,337$3,684$2,484$1,642$1,069$161
34 years$5,123$3,491$2,320$1,511$968$136
35 years$4,922$3,311$2,169$1,391$877$115
36 years$4,733$3,143$2,029$1,281$794$97
37 years$4,554$2,985$1,900$1,180$720$82
38 years$4,385$2,837$1,779$1,088$653$69
39 years$4,226$2,698$1,667$1,003$592$58
40 years$4,074$2,567$1,562$925$537$49
41 years$3,930$2,443$1,465$854$487$42
42 years$3,794$2,327$1,374$788$442$35
43 years$3,664$2,217$1,289$727$401$30
44 years$3,541$2,113$1,210$671$364$25
45 years$3,423$2,015$1,136$620$331$21
46 years$3,311$1,922$1,067$573$300$18
47 years$3,204$1,835$1,003$529$273$15
48 years$3,101$1,751$942$489$247$13
49 years$3,003$1,672$886$452$225$11
50 years$2,910$1,598$833$418$204$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,980,000, adding $6,908 every year, while hoping to spend $57,674 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: 56/37/7 Blend
29$2,980,000$2,980,000$2,980,000$2,980,000
30$3,291,086$3,133,146$3,086,956$3,469,835
31$3,565,412$3,225,305$3,129,004$3,683,254
32$3,865,786$3,320,047$3,170,528$3,908,547
33$4,194,805$3,417,438$3,211,449$4,152,507
34$4,555,326$3,517,544$3,251,684$4,416,916
35$4,950,500$3,620,434$3,291,146$4,703,740
36$5,383,793$3,726,178$3,329,741$5,015,138
37$5,859,025$3,834,845$3,367,373$5,353,488
38$6,380,402$3,946,509$3,403,936$5,721,406
39$6,952,557$4,061,243$3,439,323$6,121,773
40$7,580,596$4,179,121$3,473,417$6,557,758
41$8,270,138$4,300,220$3,506,099$7,032,854
42$9,027,379$4,424,617$3,537,239$7,550,902
43$9,859,139$4,552,390$3,566,704$8,116,133
44$10,772,934$4,683,620$3,594,352$8,733,206
45$11,777,043$4,818,388$3,620,032$9,407,251
46$12,880,587$4,956,775$3,643,589$10,143,919
47$14,093,615$5,098,865$3,664,858$10,949,429
48$15,427,197$5,244,742$3,683,663$11,830,635
49$16,893,529$5,394,492$3,699,824$12,795,084
50$18,506,049$5,548,202$3,713,148$13,851,088
51$20,279,561$5,705,960$3,723,434$15,007,803
52$22,230,378$5,867,853$3,730,470$16,275,314
53$24,376,470$6,033,971$3,734,035$17,664,732
54$26,737,639$6,204,405$3,733,894$19,188,293
55$29,335,703$6,379,246$3,729,804$20,859,481
56$32,194,700$6,558,584$3,721,508$22,693,148
57$35,341,117$6,742,513$3,708,737$24,705,655
58$38,804,140$6,931,125$3,691,208$26,915,030
59$42,615,926$7,124,513$3,668,627$29,341,131
60$46,811,907$7,322,771$3,640,682$32,005,841
61$51,431,126$7,525,992$3,607,050$34,933,265
62$56,516,605$7,734,269$3,567,390$38,149,966
63$62,115,747$7,947,696$3,521,346$41,685,207
64$68,280,786$8,166,367$3,468,544$45,571,233
65$75,069,280$8,390,373$3,408,595$49,843,573
66$82,544,653$8,619,807$3,341,088$54,541,371
67$90,776,789$8,854,760$3,265,597$59,707,762
68$99,842,700$9,095,321$3,181,673$65,390,273
69$109,827,245$9,341,581$3,088,848$71,641,273
70$120,823,931$9,593,626$2,986,632$78,518,467
71$132,935,800$9,851,542$2,874,512$86,085,440
72$146,276,396$10,115,412$2,751,953$94,412,257
73$160,970,839$10,385,318$2,618,394$103,576,123
74$177,157,005$10,661,338$2,473,250$113,662,112
75$194,986,824$10,943,548$2,315,908$124,763,970
76$214,627,718$11,232,020$2,145,730$136,984,999
77$236,264,179$11,526,823$1,962,045$150,439,031
78$260,099,509$11,828,021$1,764,157$165,251,502
79$286,357,739$12,135,674$1,551,336$181,560,638
80$315,285,742$12,449,836$1,322,820$199,518,756
81$347,155,567$12,770,557$1,077,814$219,293,704
82$382,267,000$13,097,880$815,486$241,070,444
83$420,950,399$13,431,840$534,969$265,052,799
84$463,569,807$13,772,468$235,358$291,465,373
85$510,526,393$14,119,785$0$320,555,677
86$562,262,233$14,473,802$0$352,602,760
87$619,264,487$14,834,524$0$387,920,054
88$682,069,993$15,201,944$0$426,821,252
89$751,270,337$15,576,044$0$469,671,427
90$827,517,436$15,956,795$0$516,872,879
91$911,529,691$16,344,155$0$568,868,931
92$1,004,098,769$16,738,068$0$626,148,115
93$1,106,097,074$17,138,464$0$689,248,782
94$1,218,485,983$17,545,256$0$758,764,184
95$1,342,324,922$17,958,342$0$835,348,072
96$1,478,781,364$18,377,601$0$919,720,872
97$1,629,141,850$18,802,891$0$1,012,676,480
98$1,794,824,137$19,234,050$0$1,115,089,757
99$1,977,390,577$19,670,896$0$1,227,924,792
100$2,178,562,866$20,113,221$0$1,352,243,999