Can I retire at age 30 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$247,737$245,530$243,378$241,276$239,224$237,022
2 years$122,642$120,358$118,144$115,998$113,916$111,697
3 years$80,949$78,655$76,447$74,321$72,273$70,106
4 years$60,107$57,820$55,634$53,544$51,546$49,448
5 years$47,605$45,332$43,174$41,127$39,184$37,162
6 years$39,273$37,017$34,891$32,890$31,005$29,060
7 years$33,324$31,087$28,995$27,040$25,216$23,349
8 years$28,864$26,647$24,590$22,684$20,919$19,130
9 years$25,397$23,201$21,179$19,321$17,617$15,906
10 years$22,625$20,450$18,465$16,655$15,010$13,376
11 years$20,359$18,206$16,256$14,495$12,909$11,351
12 years$18,471$16,341$14,427$12,714$11,187$9,703
13 years$16,875$14,767$12,889$11,225$9,755$8,343
14 years$15,509$13,423$11,581$9,964$8,551$7,210
15 years$14,326$12,262$10,456$8,886$7,529$6,256
16 years$13,291$11,250$9,480$7,957$6,654$5,448
17 years$12,379$10,361$8,626$7,149$5,900$4,758
18 years$11,570$9,574$7,875$6,443$5,246$4,166
19 years$10,846$8,873$7,209$5,821$4,676$3,656
20 years$10,196$8,245$6,616$5,272$4,177$3,214
21 years$9,608$7,680$6,086$4,785$3,738$2,830
22 years$9,075$7,169$5,609$4,351$3,350$2,496
23 years$8,589$6,705$5,179$3,962$3,007$2,204
24 years$8,143$6,282$4,789$3,614$2,703$1,948
25 years$7,734$5,896$4,436$3,300$2,432$1,724
26 years$7,358$5,541$4,114$3,018$2,191$1,526
27 years$7,009$5,215$3,820$2,762$1,975$1,353
28 years$6,686$4,914$3,551$2,531$1,782$1,199
29 years$6,386$4,636$3,305$2,321$1,610$1,064
30 years$6,107$4,378$3,078$2,130$1,454$945
31 years$5,846$4,139$2,870$1,956$1,315$839
32 years$5,601$3,916$2,678$1,798$1,189$745
33 years$5,373$3,708$2,500$1,653$1,076$663
34 years$5,158$3,515$2,336$1,521$975$589
35 years$4,955$3,334$2,184$1,400$883$524
36 years$4,765$3,164$2,043$1,290$800$466
37 years$4,585$3,005$1,912$1,188$725$415
38 years$4,415$2,856$1,791$1,095$657$369
39 years$4,254$2,716$1,678$1,010$596$328
40 years$4,101$2,584$1,573$931$541$292
41 years$3,957$2,460$1,475$859$490$260
42 years$3,819$2,342$1,383$793$445$232
43 years$3,689$2,232$1,298$732$404$206
44 years$3,564$2,127$1,218$676$367$184
45 years$3,446$2,029$1,144$624$333$164
46 years$3,333$1,935$1,074$577$302$146
47 years$3,225$1,847$1,009$533$274$130
48 years$3,122$1,763$949$492$249$116
49 years$3,023$1,684$892$455$226$103
50 years$2,929$1,608$838$421$206$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $3,000,000, adding $6,077 every year, while hoping to spend $22,425 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: 44/37/19 Blend
29$3,000,000$3,000,000$3,000,000$3,000,000
30$3,312,268$3,153,268$3,106,768$3,439,556
31$3,626,260$3,283,919$3,186,985$3,660,356
32$3,971,527$3,420,219$3,269,138$3,896,855
33$4,351,235$3,562,423$3,353,267$4,152,736
34$4,768,875$3,710,795$3,439,415$4,429,800
35$5,228,289$3,865,612$3,527,624$4,730,029
36$5,733,712$4,027,165$3,617,937$5,055,595
37$6,289,811$4,195,756$3,710,398$5,408,888
38$6,901,726$4,371,703$3,805,051$5,792,533
39$7,575,123$4,555,337$3,901,941$6,209,415
40$8,316,243$4,747,007$4,001,113$6,662,702
41$9,131,964$4,947,074$4,102,615$7,155,882
42$10,029,863$5,155,920$4,206,491$7,692,783
43$11,018,292$5,373,942$4,312,791$8,277,620
44$12,106,449$5,601,557$4,421,561$8,915,024
45$13,304,473$5,839,200$4,532,850$9,610,090
46$14,623,536$6,087,327$4,646,707$10,368,421
47$16,075,946$6,346,416$4,763,181$11,196,180
48$17,675,268$6,616,965$4,882,323$12,100,149
49$19,436,447$6,899,498$5,004,183$13,087,786
50$21,375,953$7,194,562$5,128,811$14,167,301
51$23,511,934$7,502,729$5,256,260$15,347,724
52$25,864,387$7,824,599$5,386,581$16,638,996
53$28,455,349$8,160,798$5,519,825$18,052,056
54$31,309,102$8,511,985$5,656,047$19,598,942
55$34,452,404$8,878,846$5,795,298$21,292,906
56$37,914,741$9,262,100$5,937,632$23,148,536
57$41,728,604$9,662,503$6,083,102$25,181,888
58$45,929,797$10,080,841$6,231,762$27,410,641
59$50,557,776$10,517,942$6,383,666$29,854,257
60$55,656,018$10,974,670$6,538,867$32,534,162
61$61,272,433$11,451,930$6,697,420$35,473,951
62$67,459,816$11,950,670$6,859,379$38,699,601
63$74,276,347$12,471,882$7,024,798$42,239,717
64$81,786,136$13,016,606$7,193,730$46,125,801
65$90,059,833$13,585,931$7,366,231$50,392,540
66$99,175,289$14,180,994$7,542,352$55,078,138
67$109,218,296$14,802,990$7,722,149$60,224,667
68$120,283,394$15,453,169$7,905,673$65,878,463
69$132,474,764$16,132,839$8,092,977$72,090,559
70$145,907,212$16,843,370$8,284,114$78,917,165
71$160,707,250$17,586,197$8,479,134$86,420,191
72$177,014,294$18,362,825$8,678,089$94,667,831
73$194,981,975$19,174,827$8,881,029$103,735,198
74$214,779,595$20,023,852$9,088,002$113,705,034
75$236,593,720$20,911,627$9,299,056$124,668,481
76$260,629,944$21,839,961$9,514,239$136,725,938
77$287,114,829$22,810,749$9,733,596$149,988,006
78$316,298,041$23,825,976$9,957,171$164,576,521
79$348,454,712$24,887,719$10,185,007$180,625,705
80$383,888,033$25,998,158$10,417,146$198,283,424
81$422,932,118$27,159,573$10,653,625$217,712,574
82$465,955,156$28,374,354$10,894,483$239,092,619
83$513,362,888$29,645,003$11,139,755$262,621,274
84$565,602,438$30,974,145$11,389,473$288,516,364
85$623,166,534$32,364,525$11,643,667$317,017,876
86$686,598,156$33,819,022$11,902,365$348,390,212
87$756,495,665$35,340,651$12,165,591$382,924,682
88$833,518,452$36,932,572$12,433,368$420,942,241
89$918,393,160$38,598,094$12,705,712$462,796,513
90$1,011,920,547$40,340,685$12,982,638$508,877,118
91$1,114,983,043$42,163,979$13,264,156$559,613,341
92$1,228,553,082$44,071,782$13,550,274$615,478,176
93$1,353,702,280$46,068,083$13,840,992$676,992,776
94$1,491,611,555$48,157,062$14,136,307$744,731,367
95$1,643,582,273$50,343,097$14,436,213$819,326,653
96$1,811,048,533$52,630,778$14,740,695$901,475,780
97$1,995,590,710$55,024,912$15,049,734$991,946,902
98$2,198,950,368$57,530,539$15,363,306$1,091,586,421
99$2,423,046,708$60,152,937$15,681,379$1,201,326,960
100$2,669,994,681$62,897,641$16,003,915$1,322,196,160