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%12.9%
1 years$246,911$244,712$242,566$240,472$238,427$235,545
2 years$122,233$119,957$117,751$115,611$113,537$110,636
3 years$80,679$78,393$76,192$74,073$72,032$69,204
4 years$59,907$57,627$55,449$53,366$51,374$48,639
5 years$47,446$45,180$43,030$40,990$39,054$36,420
6 years$39,142$36,893$34,775$32,780$30,902$28,373
7 years$33,213$30,983$28,898$26,950$25,131$22,708
8 years$28,768$26,558$24,508$22,608$20,849$18,531
9 years$25,312$23,124$21,109$19,257$17,558$15,345
10 years$22,550$20,382$18,403$16,600$14,960$12,850
11 years$20,291$18,145$16,202$14,447$12,866$10,857
12 years$18,410$16,286$14,379$12,672$11,150$9,239
13 years$16,819$14,718$12,846$11,187$9,723$7,909
14 years$15,457$13,378$11,542$9,931$8,523$6,803
15 years$14,278$12,221$10,421$8,856$7,504$5,875
16 years$13,247$11,213$9,448$7,930$6,632$5,091
17 years$12,338$10,326$8,598$7,125$5,881$4,425
18 years$11,531$9,542$7,849$6,421$5,229$3,855
19 years$10,810$8,844$7,185$5,802$4,660$3,366
20 years$10,162$8,218$6,594$5,255$4,163$2,944
21 years$9,576$7,655$6,065$4,769$3,725$2,579
22 years$9,045$7,145$5,590$4,336$3,339$2,262
23 years$8,560$6,683$5,161$3,949$2,997$1,987
24 years$8,116$6,261$4,773$3,602$2,694$1,747
25 years$7,709$5,876$4,421$3,289$2,424$1,537
26 years$7,333$5,523$4,100$3,008$2,184$1,354
27 years$6,986$5,197$3,808$2,753$1,969$1,193
28 years$6,664$4,897$3,540$2,522$1,777$1,052
29 years$6,365$4,620$3,294$2,313$1,604$928
30 years$6,086$4,363$3,068$2,123$1,449$819
31 years$5,826$4,125$2,860$1,950$1,310$723
32 years$5,583$3,903$2,669$1,792$1,185$639
33 years$5,355$3,696$2,492$1,648$1,073$565
34 years$5,140$3,503$2,328$1,516$971$499
35 years$4,939$3,323$2,177$1,396$880$441
36 years$4,749$3,154$2,036$1,285$797$390
37 years$4,570$2,995$1,906$1,184$722$345
38 years$4,400$2,846$1,785$1,091$655$305
39 years$4,240$2,707$1,672$1,006$594$270
40 years$4,088$2,575$1,567$928$539$239
41 years$3,944$2,451$1,470$856$489$211
42 years$3,807$2,335$1,379$790$443$187
43 years$3,676$2,224$1,294$730$402$166
44 years$3,553$2,120$1,214$674$365$147
45 years$3,434$2,022$1,140$622$332$130
46 years$3,322$1,929$1,071$575$301$115
47 years$3,214$1,841$1,006$531$273$102
48 years$3,112$1,757$945$491$248$90
49 years$3,013$1,678$889$453$226$80
50 years$2,919$1,603$835$419$205$71

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 $3,138 every year, while hoping to spend $22,443 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: 50/38/12 Blend
29$2,990,000$2,990,000$2,990,000$2,990,000
30$3,298,217$3,139,747$3,093,402$3,452,289
31$3,610,756$3,269,715$3,173,152$3,688,193
32$3,954,422$3,405,300$3,254,821$3,941,784
33$4,332,365$3,546,752$3,338,450$4,216,845
34$4,748,059$3,694,336$3,424,081$4,515,401
35$5,205,328$3,848,325$3,511,754$4,839,673
36$5,708,387$4,009,008$3,601,513$5,192,105
37$6,261,879$4,176,687$3,693,401$5,575,380
38$6,870,922$4,351,675$3,787,461$5,992,448
39$7,541,152$4,534,304$3,883,737$6,446,553
40$8,278,782$4,724,917$3,982,275$6,941,261
41$9,090,655$4,923,876$4,083,119$7,480,493
42$9,984,314$5,131,558$4,186,315$8,068,559
43$10,968,069$5,348,358$4,291,911$8,710,203
44$12,051,075$5,574,691$4,399,953$9,410,639
45$13,243,421$5,810,988$4,510,489$10,175,607
46$14,556,226$6,057,702$4,623,566$11,011,417
47$16,001,740$6,315,308$4,739,234$11,925,015
48$17,593,460$6,584,301$4,857,541$12,924,042
49$19,346,261$6,865,200$4,978,537$14,016,907
50$21,276,534$7,158,548$5,102,272$15,212,864
51$23,402,338$7,464,915$5,228,796$16,522,098
52$25,743,576$7,784,895$5,358,159$17,955,817
53$28,322,177$8,119,112$5,490,414$19,526,360
54$31,162,307$8,468,216$5,625,611$21,247,309
55$34,290,596$8,832,892$5,763,803$23,133,614
56$37,736,386$9,213,854$5,905,040$25,201,736
57$41,532,014$9,611,849$6,049,375$27,469,797
58$45,713,112$10,027,661$6,196,861$29,957,748
59$50,318,943$10,462,111$6,347,550$32,687,558
60$55,392,777$10,916,056$6,501,494$35,683,416
61$60,982,292$11,390,395$6,658,747$38,971,959
62$67,140,031$11,886,070$6,819,360$42,582,519
63$73,923,892$12,404,065$6,983,387$46,547,397
64$81,397,678$12,945,413$7,150,879$50,902,167
65$89,631,697$13,511,193$7,321,889$55,686,005
66$98,703,426$14,102,538$7,496,468$60,942,060
67$108,698,245$14,720,632$7,674,669$66,717,854
68$119,710,237$15,366,714$7,856,542$73,065,728
69$131,843,083$16,042,085$8,042,138$80,043,335
70$145,211,036$16,748,105$8,231,508$87,714,176
71$159,939,998$17,486,199$8,424,699$96,148,198
72$176,168,713$18,257,858$8,621,763$105,422,451
73$194,050,075$19,064,646$8,822,745$115,621,806
74$213,752,568$19,908,200$9,027,692$126,839,759
75$235,461,862$20,790,233$9,236,651$139,179,301
76$259,382,559$21,712,541$9,449,666$152,753,891
77$285,740,130$22,677,006$9,666,780$167,688,517
78$314,783,041$23,685,597$9,888,035$184,120,876
79$346,785,097$24,740,377$10,113,470$202,202,662
80$382,048,030$25,843,509$10,343,125$222,100,996
81$420,904,344$26,997,255$10,577,034$243,999,994
82$463,720,455$28,203,989$10,815,233$268,102,502
83$510,900,152$29,466,195$11,057,754$294,632,002
84$562,888,404$30,786,476$11,304,626$323,834,715
85$620,175,566$32,167,558$11,555,875$355,981,914
86$683,302,004$33,612,298$11,811,527$391,372,485
87$752,863,197$35,123,689$12,071,602$430,335,733
88$829,515,360$36,704,867$12,336,117$473,234,483
89$913,981,637$38,359,115$12,605,087$520,468,501
90$1,007,058,929$40,089,877$12,878,523$572,478,252
91$1,109,625,417$41,900,759$13,156,431$629,749,051
92$1,222,648,851$43,795,537$13,438,812$692,815,637
93$1,347,195,686$45,778,171$13,725,665$762,267,203
94$1,484,441,153$47,852,809$14,016,982$838,752,956
95$1,635,680,351$50,023,796$14,312,751$922,988,225
96$1,802,340,472$52,295,687$14,612,953$1,015,761,207
97$1,985,994,278$54,673,254$14,917,565$1,117,940,394
98$2,188,374,947$57,161,496$15,226,556$1,230,482,756
99$2,411,392,436$59,765,654$15,539,890$1,354,442,763
100$2,657,151,511$62,491,217$15,857,523$1,490,982,327