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

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$246,911$244,712$242,566$240,472$238,427$237,123
2 years$122,233$119,957$117,751$115,611$113,537$112,221
3 years$80,679$78,393$76,192$74,073$72,032$70,746
4 years$59,907$57,627$55,449$53,366$51,374$50,126
5 years$47,446$45,180$43,030$40,990$39,054$37,848
6 years$39,142$36,893$34,775$32,780$30,902$29,741
7 years$33,213$30,983$28,898$26,950$25,131$24,015
8 years$28,768$26,558$24,508$22,608$20,849$19,777
9 years$25,312$23,124$21,109$19,257$17,558$16,531
10 years$22,550$20,382$18,403$16,600$14,960$13,977
11 years$20,291$18,145$16,202$14,447$12,866$11,926
12 years$18,410$16,286$14,379$12,672$11,150$10,252
13 years$16,819$14,718$12,846$11,187$9,723$8,867
14 years$15,457$13,378$11,542$9,931$8,523$7,708
15 years$14,278$12,221$10,421$8,856$7,504$6,729
16 years$13,247$11,213$9,448$7,930$6,632$5,895
17 years$12,338$10,326$8,598$7,125$5,881$5,181
18 years$11,531$9,542$7,849$6,421$5,229$4,565
19 years$10,810$8,844$7,185$5,802$4,660$4,032
20 years$10,162$8,218$6,594$5,255$4,163$3,568
21 years$9,576$7,655$6,065$4,769$3,725$3,163
22 years$9,045$7,145$5,590$4,336$3,339$2,808
23 years$8,560$6,683$5,161$3,949$2,997$2,497
24 years$8,116$6,261$4,773$3,602$2,694$2,222
25 years$7,709$5,876$4,421$3,289$2,424$1,980
26 years$7,333$5,523$4,100$3,008$2,184$1,766
27 years$6,986$5,197$3,808$2,753$1,969$1,576
28 years$6,664$4,897$3,540$2,522$1,777$1,407
29 years$6,365$4,620$3,294$2,313$1,604$1,258
30 years$6,086$4,363$3,068$2,123$1,449$1,125
31 years$5,826$4,125$2,860$1,950$1,310$1,006
32 years$5,583$3,903$2,669$1,792$1,185$901
33 years$5,355$3,696$2,492$1,648$1,073$806
34 years$5,140$3,503$2,328$1,516$971$722
35 years$4,939$3,323$2,177$1,396$880$647
36 years$4,749$3,154$2,036$1,285$797$580
37 years$4,570$2,995$1,906$1,184$722$520
38 years$4,400$2,846$1,785$1,091$655$466
39 years$4,240$2,707$1,672$1,006$594$418
40 years$4,088$2,575$1,567$928$539$375
41 years$3,944$2,451$1,470$856$489$337
42 years$3,807$2,335$1,379$790$443$302
43 years$3,676$2,224$1,294$730$402$271
44 years$3,553$2,120$1,214$674$365$243
45 years$3,434$2,022$1,140$622$332$218
46 years$3,322$1,929$1,071$575$301$196
47 years$3,214$1,841$1,006$531$273$176
48 years$3,112$1,757$945$491$248$158
49 years$3,013$1,678$889$453$226$142
50 years$2,919$1,603$835$419$205$127

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 $3,626 every year, while hoping to spend $23,115 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: 57/31/12 Blend
29$2,990,000$2,990,000$2,990,000$2,990,000
30$3,298,720$3,140,250$3,093,905$3,476,653
31$3,610,596$3,269,528$3,172,957$3,726,590
32$3,953,507$3,404,366$3,253,882$3,995,931
33$4,330,597$3,545,012$3,336,719$4,288,868
34$4,745,326$3,691,726$3,421,507$4,607,664
35$5,201,506$3,844,777$3,508,285$4,954,808
36$5,703,340$4,004,452$3,597,093$5,333,037
37$6,255,457$4,171,046$3,687,971$5,745,359
38$6,862,956$4,344,870$3,780,961$6,195,084
39$7,531,457$4,526,248$3,876,103$6,685,853
40$8,267,153$4,715,522$3,973,439$7,221,671
41$9,076,866$4,913,045$4,073,013$7,806,945
42$9,968,113$5,119,191$4,174,865$8,446,523
43$10,949,177$5,334,348$4,279,040$9,145,739
44$12,029,186$5,558,924$4,385,580$9,910,466
45$13,218,196$5,793,345$4,494,531$10,747,164
46$14,527,290$6,038,056$4,605,935$11,662,944
47$15,968,677$6,293,525$4,719,838$12,665,635
48$17,555,814$6,560,239$4,836,284$13,763,852
49$19,303,525$6,838,709$4,955,318$14,967,079
50$21,228,150$7,129,471$5,076,986$16,285,760
51$23,347,689$7,433,083$5,201,333$17,731,389
52$25,681,982$7,750,132$5,328,406$19,316,623
53$28,252,886$8,081,230$5,458,249$21,055,399
54$31,084,489$8,427,020$5,590,910$22,963,060
55$34,203,335$8,788,172$5,726,433$25,056,505
56$37,638,673$9,165,390$5,864,866$27,354,340
57$41,422,732$9,559,409$6,006,254$29,877,056
58$45,591,031$9,971,000$6,150,644$32,647,217
59$50,182,706$10,400,969$6,298,080$35,689,678
60$55,240,886$10,850,160$6,448,610$39,031,807
61$60,813,096$11,319,458$6,602,278$42,703,751
62$66,951,707$11,809,786$6,759,130$46,738,712
63$73,714,430$12,322,115$6,919,209$51,173,263
64$81,164,861$12,857,457$7,082,562$56,047,685
65$89,373,080$13,416,876$7,249,231$61,406,350
66$98,416,313$14,001,482$7,419,259$67,298,134
67$108,379,662$14,612,440$7,592,689$73,776,876
68$119,356,907$15,250,968$7,769,564$80,901,884
69$131,451,390$15,918,344$7,949,923$88,738,494
70$144,776,993$16,615,904$8,133,806$97,358,678
71$159,459,210$17,345,048$8,321,253$106,841,724
72$175,636,335$18,107,241$8,512,301$117,274,982
73$193,460,764$18,904,018$8,706,985$128,754,681
74$213,100,435$19,736,988$8,905,342$141,386,837
75$234,740,412$20,607,833$9,107,403$155,288,250
76$258,584,634$21,518,317$9,313,202$170,587,598
77$284,857,839$22,470,287$9,522,766$187,426,652
78$313,807,685$23,465,677$9,736,125$205,961,609
79$345,707,086$24,506,513$9,953,303$226,364,561
80$380,856,794$25,594,917$10,174,324$248,825,113
81$419,588,231$26,733,112$10,399,207$273,552,171
82$462,266,622$27,923,425$10,627,972$300,775,907
83$509,294,440$29,168,296$10,860,632$330,749,927
84$561,115,211$30,470,280$11,097,201$363,753,657
85$618,217,690$31,832,052$11,337,685$400,094,979
86$681,140,488$33,256,416$11,582,091$440,113,125
87$750,477,146$34,746,308$11,830,419$484,181,879
88$826,881,743$36,304,806$12,082,666$532,713,094
89$911,075,071$37,935,131$12,338,826$586,160,577
90$1,003,851,437$39,640,662$12,598,885$645,024,359
91$1,106,086,164$41,424,934$12,862,828$709,855,416
92$1,218,743,852$43,291,656$13,130,632$781,260,854
93$1,342,887,487$45,244,708$13,402,270$859,909,635
94$1,479,688,472$47,288,161$13,677,709$946,538,887
95$1,630,437,692$49,426,277$13,956,908$1,041,960,845
96$1,796,557,694$51,663,522$14,239,821$1,147,070,515
97$1,979,616,120$54,004,575$14,526,396$1,262,854,113
98$2,181,340,506$56,454,341$14,816,572$1,390,398,360
99$2,403,634,590$59,017,957$15,110,280$1,530,900,733
100$2,648,596,288$61,700,806$15,407,444$1,685,680,757