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%13.9%
1 years$246,911$244,712$242,566$240,472$238,427$234,573
2 years$122,233$119,957$117,751$115,611$113,537$109,665
3 years$80,679$78,393$76,192$74,073$72,032$68,263
4 years$59,907$57,627$55,449$53,366$51,374$47,736
5 years$47,446$45,180$43,030$40,990$39,054$35,558
6 years$39,142$36,893$34,775$32,780$30,902$27,552
7 years$33,213$30,983$28,898$26,950$25,131$21,928
8 years$28,768$26,558$24,508$22,608$20,849$17,792
9 years$25,312$23,124$21,109$19,257$17,558$14,645
10 years$22,550$20,382$18,403$16,600$14,960$12,190
11 years$20,291$18,145$16,202$14,447$12,866$10,235
12 years$18,410$16,286$14,379$12,672$11,150$8,655
13 years$16,819$14,718$12,846$11,187$9,723$7,360
14 years$15,457$13,378$11,542$9,931$8,523$6,289
15 years$14,278$12,221$10,421$8,856$7,504$5,394
16 years$13,247$11,213$9,448$7,930$6,632$4,642
17 years$12,338$10,326$8,598$7,125$5,881$4,006
18 years$11,531$9,542$7,849$6,421$5,229$3,465
19 years$10,810$8,844$7,185$5,802$4,660$3,003
20 years$10,162$8,218$6,594$5,255$4,163$2,608
21 years$9,576$7,655$6,065$4,769$3,725$2,267
22 years$9,045$7,145$5,590$4,336$3,339$1,974
23 years$8,560$6,683$5,161$3,949$2,997$1,720
24 years$8,116$6,261$4,773$3,602$2,694$1,501
25 years$7,709$5,876$4,421$3,289$2,424$1,310
26 years$7,333$5,523$4,100$3,008$2,184$1,145
27 years$6,986$5,197$3,808$2,753$1,969$1,001
28 years$6,664$4,897$3,540$2,522$1,777$875
29 years$6,365$4,620$3,294$2,313$1,604$766
30 years$6,086$4,363$3,068$2,123$1,449$671
31 years$5,826$4,125$2,860$1,950$1,310$587
32 years$5,583$3,903$2,669$1,792$1,185$514
33 years$5,355$3,696$2,492$1,648$1,073$451
34 years$5,140$3,503$2,328$1,516$971$395
35 years$4,939$3,323$2,177$1,396$880$346
36 years$4,749$3,154$2,036$1,285$797$304
37 years$4,570$2,995$1,906$1,184$722$266
38 years$4,400$2,846$1,785$1,091$655$234
39 years$4,240$2,707$1,672$1,006$594$205
40 years$4,088$2,575$1,567$928$539$180
41 years$3,944$2,451$1,470$856$489$158
42 years$3,807$2,335$1,379$790$443$138
43 years$3,676$2,224$1,294$730$402$121
44 years$3,553$2,120$1,214$674$365$107
45 years$3,434$2,022$1,140$622$332$94
46 years$3,322$1,929$1,071$575$301$82
47 years$3,214$1,841$1,006$531$273$72
48 years$3,112$1,757$945$491$248$63
49 years$3,013$1,678$889$453$226$56
50 years$2,919$1,603$835$419$205$49

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 $5,765 every year, while hoping to spend $45,719 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: 32/46/22 Blend
29$2,990,000$2,990,000$2,990,000$2,990,000
30$3,300,927$3,142,457$3,096,112$3,383,991
31$3,588,976$3,247,792$3,151,187$3,552,334
32$3,904,875$3,356,757$3,206,574$3,729,002
33$4,251,415$3,469,481$3,262,237$3,918,354
34$4,631,671$3,586,097$3,318,134$4,121,532
35$5,049,032$3,706,747$3,374,222$4,339,786
36$5,507,229$3,831,573$3,430,454$4,574,492
37$6,010,373$3,960,726$3,486,781$4,827,161
38$6,562,991$4,094,362$3,543,149$5,099,453
39$7,170,073$4,232,643$3,599,501$5,393,192
40$7,837,114$4,375,735$3,655,777$5,710,384
41$8,570,167$4,523,814$3,711,913$6,053,231
42$9,375,902$4,677,059$3,767,840$6,424,159
43$10,261,666$4,835,657$3,823,485$6,825,832
44$11,235,555$4,999,804$3,878,771$7,261,181
45$12,306,488$5,169,700$3,933,616$7,733,430
46$13,484,291$5,345,556$3,987,933$8,246,126
47$14,779,789$5,527,589$4,041,629$8,803,171
48$16,204,911$5,716,025$4,094,608$9,408,857
49$17,772,800$5,911,098$4,146,765$10,067,909
50$19,497,935$6,113,051$4,197,992$10,785,526
51$21,396,273$6,322,139$4,248,172$11,567,431
52$23,485,391$6,538,622$4,297,184$12,419,922
53$25,784,660$6,762,774$4,344,899$13,349,931
54$28,315,423$6,994,877$4,391,181$14,365,091
55$31,101,197$7,235,227$4,435,886$15,473,805
56$34,167,894$7,484,128$4,478,864$16,685,324
57$37,544,068$7,741,899$4,519,954$18,009,833
58$41,261,178$8,008,868$4,558,988$19,458,548
59$45,353,895$8,285,378$4,595,790$21,043,820
60$49,860,416$8,571,786$4,630,174$22,779,249
61$54,822,836$8,868,461$4,661,942$24,679,813
62$60,287,538$9,175,788$4,690,889$26,762,008
63$66,305,631$9,494,167$4,716,799$29,044,000
64$72,933,437$9,824,012$4,739,443$31,545,800
65$80,233,014$10,165,755$4,758,581$34,289,446
66$88,272,750$10,519,845$4,773,961$37,299,213
67$97,128,001$10,886,749$4,785,320$40,601,841
68$106,881,809$11,266,951$4,792,380$44,226,784
69$117,625,677$11,660,955$4,794,848$48,206,488
70$129,460,441$12,069,287$4,792,420$52,576,695
71$142,497,214$12,492,490$4,784,775$57,376,778
72$156,858,440$12,931,132$4,771,575$62,650,114
73$172,679,046$13,385,803$4,752,468$68,444,487
74$190,107,718$13,857,116$4,727,084$74,812,541
75$209,308,298$14,345,708$4,695,035$81,812,276
76$230,461,341$14,852,244$4,655,915$89,507,589
77$253,765,807$15,377,413$4,609,297$97,968,879
78$279,440,946$15,921,933$4,554,736$107,273,707
79$307,728,368$16,486,553$4,491,764$117,507,528
80$338,894,316$17,072,049$4,419,893$128,764,497
81$373,232,187$17,679,230$4,338,611$141,148,350
82$411,065,297$18,308,939$4,247,381$154,773,387
83$452,749,932$18,962,052$4,145,643$169,765,543
84$498,678,713$19,639,480$4,032,809$186,263,580
85$549,284,300$20,342,173$3,908,267$204,420,391
86$605,043,479$21,071,120$3,771,374$224,404,440
87$666,481,657$21,827,348$3,621,459$246,401,351
88$734,177,828$22,611,930$3,457,819$270,615,658
89$808,770,032$23,425,980$3,279,722$297,272,732
90$890,961,381$24,270,659$3,086,399$326,620,905
91$981,526,698$25,147,178$2,877,049$358,933,811
92$1,081,319,826$26,056,794$2,650,835$394,512,967
93$1,191,281,691$27,000,819$2,406,880$433,690,617
94$1,312,449,184$27,980,620$2,144,272$476,832,861
95$1,445,964,950$28,997,620$1,862,054$524,343,112
96$1,593,088,171$30,053,299$1,559,229$576,665,897
97$1,755,206,456$31,149,203$1,234,755$634,291,051
98$1,933,848,941$32,286,940$887,545$697,758,337
99$2,130,700,719$33,468,186$516,464$767,662,539
100$2,347,618,752$34,694,687$120,326$844,659,070