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

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$246,086$243,894$241,755$239,668$237,629$233,118
2 years$121,825$119,556$117,357$115,225$113,157$108,629
3 years$80,410$78,131$75,938$73,826$71,791$67,388
4 years$59,706$57,435$55,263$53,187$51,202$46,958
5 years$47,287$45,029$42,886$40,853$38,923$34,850
6 years$39,011$36,770$34,659$32,670$30,799$26,901
7 years$33,101$30,879$28,801$26,860$25,047$21,326
8 years$28,671$26,469$24,426$22,532$20,779$17,234
9 years$25,228$23,046$21,038$19,193$17,499$14,127
10 years$22,474$20,314$18,341$16,544$14,910$11,708
11 years$20,223$18,084$16,148$14,398$12,823$9,787
12 years$18,348$16,232$14,331$12,629$11,112$8,239
13 years$16,763$14,669$12,803$11,150$9,690$6,974
14 years$15,405$13,333$11,504$9,898$8,494$5,931
15 years$14,230$12,180$10,386$8,827$7,479$5,063
16 years$13,203$11,175$9,417$7,903$6,610$4,336
17 years$12,297$10,292$8,569$7,101$5,861$3,723
18 years$11,493$9,510$7,822$6,400$5,211$3,204
19 years$10,774$8,814$7,161$5,783$4,645$2,763
20 years$10,128$8,190$6,572$5,237$4,149$2,386
21 years$9,544$7,629$6,045$4,753$3,713$2,064
22 years$9,014$7,121$5,571$4,322$3,328$1,787
23 years$8,531$6,661$5,144$3,936$2,987$1,549
24 years$8,089$6,240$4,757$3,590$2,685$1,344
25 years$7,683$5,856$4,406$3,278$2,416$1,167
26 years$7,309$5,504$4,087$2,998$2,176$1,014
27 years$6,963$5,180$3,795$2,744$1,962$881
28 years$6,642$4,881$3,528$2,514$1,771$766
29 years$6,344$4,605$3,283$2,305$1,599$667
30 years$6,066$4,349$3,058$2,116$1,445$580
31 years$5,807$4,111$2,851$1,943$1,306$505
32 years$5,564$3,890$2,660$1,786$1,181$440
33 years$5,337$3,684$2,484$1,642$1,069$383
34 years$5,123$3,491$2,320$1,511$968$334
35 years$4,922$3,311$2,169$1,391$877$291
36 years$4,733$3,143$2,029$1,281$794$254
37 years$4,554$2,985$1,900$1,180$720$221
38 years$4,385$2,837$1,779$1,088$653$193
39 years$4,226$2,698$1,667$1,003$592$168
40 years$4,074$2,567$1,562$925$537$147
41 years$3,930$2,443$1,465$854$487$128
42 years$3,794$2,327$1,374$788$442$112
43 years$3,664$2,217$1,289$727$401$97
44 years$3,541$2,113$1,210$671$364$85
45 years$3,423$2,015$1,136$620$331$74
46 years$3,311$1,922$1,067$573$300$65
47 years$3,204$1,835$1,003$529$273$56
48 years$3,101$1,751$942$489$247$49
49 years$3,003$1,672$886$452$225$43
50 years$2,910$1,598$833$418$204$37

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 $5,750 every year, while hoping to spend $24,369 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: 57/15/28 Blend
29$2,980,000$2,980,000$2,980,000$2,980,000
30$3,289,891$3,131,951$3,085,761$3,451,838
31$3,599,532$3,259,488$3,163,206$3,691,200
32$3,939,939$3,392,458$3,242,428$3,948,933
33$4,314,225$3,531,101$3,323,462$4,229,365
34$4,725,819$3,675,668$3,406,341$4,534,700
35$5,178,500$3,826,423$3,491,100$4,867,363
36$5,676,429$3,983,640$3,577,774$5,230,021
37$6,224,193$4,147,607$3,666,399$5,625,611
38$6,826,846$4,318,624$3,757,008$6,057,365
39$7,489,954$4,497,007$3,849,637$6,528,840
40$8,219,652$4,683,084$3,944,324$7,043,950
41$9,022,701$4,877,198$4,041,102$7,607,008
42$9,906,546$5,079,711$4,140,009$8,222,756
43$10,879,395$5,290,998$4,241,080$8,896,422
44$11,950,289$5,511,453$4,344,352$9,633,755
45$13,129,192$5,741,487$4,449,862$10,441,092
46$14,427,082$5,981,533$4,557,645$11,325,404
47$15,856,057$6,232,041$4,667,738$12,294,374
48$17,429,446$6,493,482$4,780,179$13,356,458
49$19,161,936$6,766,349$4,895,002$14,520,972
50$21,069,714$7,051,160$5,012,244$15,798,172
51$23,170,612$7,348,454$5,131,941$17,199,358
52$25,484,283$7,658,797$5,254,130$18,736,973
53$28,032,382$7,982,780$5,378,846$20,424,722
54$30,838,771$8,321,023$5,506,123$22,277,702
55$33,929,745$8,674,172$5,635,998$24,312,543
56$37,334,279$9,042,907$5,768,504$26,547,560
57$41,084,303$9,427,936$5,903,675$29,002,933
58$45,214,999$9,830,002$6,041,546$31,700,888
59$49,765,139$10,249,883$6,182,148$34,665,910
60$54,777,448$10,688,391$6,325,514$37,924,974
61$60,299,004$11,146,379$6,471,676$41,507,795
62$66,381,688$11,624,737$6,620,662$45,447,110
63$73,082,669$12,124,399$6,772,504$49,778,986
64$80,464,947$12,646,340$6,927,229$54,543,157
65$88,597,945$13,191,584$7,084,864$59,783,399
66$97,558,164$13,761,200$7,245,435$65,547,942
67$107,429,907$14,356,309$7,408,968$71,889,923
68$118,306,073$14,978,084$7,575,484$78,867,888
69$130,289,036$15,627,753$7,745,006$86,546,340
70$143,491,606$16,306,602$7,917,552$94,996,350
71$158,038,101$17,015,976$8,093,141$104,296,222
72$174,065,514$17,757,286$8,271,788$114,532,235
73$191,724,811$18,532,007$8,453,507$125,799,452
74$211,182,351$19,341,685$8,638,309$138,202,617
75$232,621,461$20,187,938$8,826,203$151,857,142
76$256,244,163$21,072,460$9,017,194$166,890,194
77$282,273,084$21,997,027$9,211,286$183,441,894
78$310,953,552$22,963,495$9,408,478$201,666,635
79$342,555,920$23,973,812$9,608,767$221,734,542
80$377,378,110$25,030,015$9,812,147$243,833,071
81$415,748,431$26,134,239$10,018,607$268,168,779
82$458,028,673$27,288,719$10,228,133$294,969,269
83$504,617,528$28,495,796$10,440,706$324,485,337
84$555,954,349$29,757,923$10,656,302$356,993,340
85$612,523,299$31,077,668$10,874,895$392,797,795
86$674,857,923$32,457,721$11,096,452$432,234,257
87$743,546,182$33,900,901$11,320,934$475,672,482
88$819,236,005$35,410,157$11,548,297$523,519,911
89$902,641,405$36,988,583$11,778,493$576,225,516
90$994,549,222$38,639,416$12,011,465$634,284,038
91$1,095,826,544$40,366,049$12,247,152$698,240,645
92$1,207,428,903$42,172,037$12,485,482$768,696,084
93$1,330,409,286$44,061,101$12,726,381$846,312,342
94$1,465,928,081$46,037,143$12,969,762$931,818,896
95$1,615,264,030$48,104,248$13,215,534$1,026,019,591
96$1,779,826,301$50,266,696$13,463,594$1,129,800,226
97$1,961,167,792$52,528,973$13,713,833$1,244,136,913
98$2,160,999,790$54,895,776$13,966,130$1,370,105,284
99$2,381,208,128$57,372,028$14,220,355$1,508,890,644
100$2,623,870,987$59,962,887$14,476,366$1,661,799,152