Can I retire at age 30 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$246,911$244,712$242,566$240,472$238,427$231,817
2 years$122,233$119,957$117,751$115,611$113,537$106,927
3 years$80,679$78,393$76,192$74,073$72,032$65,629
4 years$59,907$57,627$55,449$53,366$51,374$45,227
5 years$47,446$45,180$43,030$40,990$39,054$33,180
6 years$39,142$36,893$34,775$32,780$30,902$25,306
7 years$33,213$30,983$28,898$26,950$25,131$19,814
8 years$28,768$26,558$24,508$22,608$20,849$15,808
9 years$25,312$23,124$21,109$19,257$17,558$12,787
10 years$22,550$20,382$18,403$16,600$14,960$10,454
11 years$20,291$18,145$16,202$14,447$12,866$8,618
12 years$18,410$16,286$14,379$12,672$11,150$7,151
13 years$16,819$14,718$12,846$11,187$9,723$5,965
14 years$15,457$13,378$11,542$9,931$8,523$4,997
15 years$14,278$12,221$10,421$8,856$7,504$4,200
16 years$13,247$11,213$9,448$7,930$6,632$3,541
17 years$12,338$10,326$8,598$7,125$5,881$2,993
18 years$11,531$9,542$7,849$6,421$5,229$2,534
19 years$10,810$8,844$7,185$5,802$4,660$2,150
20 years$10,162$8,218$6,594$5,255$4,163$1,826
21 years$9,576$7,655$6,065$4,769$3,725$1,553
22 years$9,045$7,145$5,590$4,336$3,339$1,322
23 years$8,560$6,683$5,161$3,949$2,997$1,126
24 years$8,116$6,261$4,773$3,602$2,694$960
25 years$7,709$5,876$4,421$3,289$2,424$819
26 years$7,333$5,523$4,100$3,008$2,184$699
27 years$6,986$5,197$3,808$2,753$1,969$597
28 years$6,664$4,897$3,540$2,522$1,777$510
29 years$6,365$4,620$3,294$2,313$1,604$436
30 years$6,086$4,363$3,068$2,123$1,449$373
31 years$5,826$4,125$2,860$1,950$1,310$319
32 years$5,583$3,903$2,669$1,792$1,185$272
33 years$5,355$3,696$2,492$1,648$1,073$233
34 years$5,140$3,503$2,328$1,516$971$199
35 years$4,939$3,323$2,177$1,396$880$171
36 years$4,749$3,154$2,036$1,285$797$146
37 years$4,570$2,995$1,906$1,184$722$125
38 years$4,400$2,846$1,785$1,091$655$107
39 years$4,240$2,707$1,672$1,006$594$91
40 years$4,088$2,575$1,567$928$539$78
41 years$3,944$2,451$1,470$856$489$67
42 years$3,807$2,335$1,379$790$443$57
43 years$3,676$2,224$1,294$730$402$49
44 years$3,553$2,120$1,214$674$365$42
45 years$3,434$2,022$1,140$622$332$36
46 years$3,322$1,929$1,071$575$301$31
47 years$3,214$1,841$1,006$531$273$26
48 years$3,112$1,757$945$491$248$23
49 years$3,013$1,678$889$453$226$19
50 years$2,919$1,603$835$419$205$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,990,000, adding $2,892 every year, while hoping to spend $20,568 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: 34/45/21 Blend
29$2,990,000$2,990,000$2,990,000$2,990,000
30$3,297,963$3,139,493$3,093,148$3,388,810
31$3,612,471$3,271,444$3,174,884$3,588,262
32$3,958,370$3,409,171$3,258,669$3,801,106
33$4,338,839$3,552,936$3,344,550$4,030,209
34$4,757,382$3,703,012$3,432,575$4,277,023
35$5,217,861$3,859,685$3,522,791$4,543,141
36$5,724,527$4,023,254$3,615,250$4,830,308
37$6,282,069$4,194,034$3,710,001$5,140,440
38$6,895,650$4,372,351$3,807,095$5,475,637
39$7,570,959$4,558,549$3,906,586$5,838,204
40$8,314,267$4,752,988$4,008,526$6,230,673
41$9,132,480$4,956,043$4,112,970$6,655,819
42$10,033,211$5,168,107$4,219,973$7,116,693
43$11,024,848$5,389,593$4,329,591$7,616,645
44$12,116,631$5,620,932$4,441,881$8,159,352
45$13,318,744$5,862,574$4,556,901$8,748,856
46$14,642,409$6,114,993$4,674,710$9,389,598
47$16,099,989$6,378,683$4,795,367$10,086,456
48$17,705,111$6,654,161$4,918,935$10,844,793
49$19,472,787$6,941,970$5,045,474$11,670,504
50$21,419,561$7,242,676$5,175,047$12,570,069
51$23,563,664$7,556,875$5,307,719$13,550,612
52$25,925,183$7,885,187$5,443,553$14,619,968
53$28,526,256$8,228,265$5,582,616$15,786,754
54$31,391,273$8,586,789$5,724,973$17,060,443
55$34,547,116$8,961,475$5,870,692$18,451,461
56$38,023,403$9,353,069$6,019,842$19,971,271
57$41,852,775$9,762,354$6,172,492$21,632,489
58$46,071,199$10,190,150$6,328,711$23,448,993
59$50,718,310$10,637,316$6,488,571$25,436,054
60$55,837,783$11,104,750$6,652,143$27,610,476
61$61,477,748$11,593,393$6,819,501$29,990,753
62$67,691,241$12,104,233$6,990,718$32,597,237
63$74,536,708$12,638,300$7,165,867$35,452,332
64$82,078,552$13,196,677$7,345,023$38,580,694
65$90,387,746$13,780,496$7,528,264$42,009,466
66$99,542,500$14,390,944$7,715,664$45,768,530
67$109,628,997$15,029,262$7,907,301$49,890,778
68$120,742,211$15,696,753$8,103,252$54,412,429
69$132,986,801$16,394,778$8,303,596$59,373,355
70$146,478,100$17,124,767$8,508,411$64,817,461
71$161,343,200$17,888,215$8,717,777$70,793,090
72$177,722,158$18,686,688$8,931,773$77,353,473
73$195,769,310$19,521,828$9,150,480$84,557,232
74$215,654,735$20,395,354$9,373,977$92,468,920
75$237,565,859$21,309,067$9,602,345$101,159,628
76$261,709,218$22,264,853$9,835,666$110,707,652
77$288,312,417$23,264,689$10,074,019$121,199,220
78$317,626,272$24,310,647$10,317,487$132,729,303
79$349,927,178$25,404,895$10,566,149$145,402,503
80$385,519,721$26,549,707$10,820,087$159,334,034
81$424,739,554$27,747,463$11,079,380$174,650,798
82$467,956,559$29,000,659$11,344,110$191,492,580
83$515,578,346$30,311,910$11,614,356$210,013,354
84$568,054,097$31,683,953$11,890,197$230,382,729
85$625,878,808$33,119,660$12,171,712$252,787,543
86$689,597,960$34,622,037$12,458,977$277,433,613
87$759,812,670$36,194,235$12,752,071$304,547,671
88$837,185,366$37,839,556$13,051,069$334,379,488
89$922,446,039$39,561,459$13,356,045$367,204,230
90$1,016,399,134$41,363,570$13,667,072$403,325,032
91$1,119,931,149$43,249,688$13,984,222$443,075,856
92$1,234,018,998$45,223,794$14,307,565$486,824,627
93$1,359,739,235$47,290,060$14,637,168$534,976,693
94$1,498,278,221$49,452,857$14,973,097$587,978,637
95$1,650,943,319$51,716,767$15,315,416$646,322,480
96$1,819,175,241$54,086,591$15,664,185$710,550,307
97$2,004,561,642$56,567,361$16,019,462$781,259,369
98$2,208,852,119$59,164,351$16,381,303$859,107,707
99$2,433,974,717$61,883,086$16,749,759$944,820,340
100$2,682,054,141$64,729,360$17,124,878$1,039,196,098