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%19.7%
1 years$247,737$245,530$243,378$241,276$239,224$229,914
2 years$122,642$120,358$118,144$115,998$113,916$104,649
3 years$80,949$78,655$76,447$74,321$72,273$63,341
4 years$60,107$57,820$55,634$53,544$51,546$43,016
5 years$47,605$45,332$43,174$41,127$39,184$31,079
6 years$39,273$37,017$34,891$32,890$31,005$23,329
7 years$33,324$31,087$28,995$27,040$25,216$17,967
8 years$28,864$26,647$24,590$22,684$20,919$14,090
9 years$25,397$23,201$21,179$19,321$17,617$11,198
10 years$22,625$20,450$18,465$16,655$15,010$8,989
11 years$20,359$18,206$16,256$14,495$12,909$7,272
12 years$18,471$16,341$14,427$12,714$11,187$5,919
13 years$16,875$14,767$12,889$11,225$9,755$4,841
14 years$15,509$13,423$11,581$9,964$8,551$3,974
15 years$14,326$12,262$10,456$8,886$7,529$3,273
16 years$13,291$11,250$9,480$7,957$6,654$2,702
17 years$12,379$10,361$8,626$7,149$5,900$2,235
18 years$11,570$9,574$7,875$6,443$5,246$1,852
19 years$10,846$8,873$7,209$5,821$4,676$1,537
20 years$10,196$8,245$6,616$5,272$4,177$1,277
21 years$9,608$7,680$6,086$4,785$3,738$1,062
22 years$9,075$7,169$5,609$4,351$3,350$884
23 years$8,589$6,705$5,179$3,962$3,007$736
24 years$8,143$6,282$4,789$3,614$2,703$613
25 years$7,734$5,896$4,436$3,300$2,432$511
26 years$7,358$5,541$4,114$3,018$2,191$426
27 years$7,009$5,215$3,820$2,762$1,975$356
28 years$6,686$4,914$3,551$2,531$1,782$297
29 years$6,386$4,636$3,305$2,321$1,610$248
30 years$6,107$4,378$3,078$2,130$1,454$207
31 years$5,846$4,139$2,870$1,956$1,315$172
32 years$5,601$3,916$2,678$1,798$1,189$144
33 years$5,373$3,708$2,500$1,653$1,076$120
34 years$5,158$3,515$2,336$1,521$975$100
35 years$4,955$3,334$2,184$1,400$883$84
36 years$4,765$3,164$2,043$1,290$800$70
37 years$4,585$3,005$1,912$1,188$725$58
38 years$4,415$2,856$1,791$1,095$657$49
39 years$4,254$2,716$1,678$1,010$596$41
40 years$4,101$2,584$1,573$931$541$34
41 years$3,957$2,460$1,475$859$490$28
42 years$3,819$2,342$1,383$793$445$24
43 years$3,689$2,232$1,298$732$404$20
44 years$3,564$2,127$1,218$676$367$17
45 years$3,446$2,029$1,144$624$333$14
46 years$3,333$1,935$1,074$577$302$12
47 years$3,225$1,847$1,009$533$274$10
48 years$3,122$1,763$949$492$249$8
49 years$3,023$1,684$892$455$226$7
50 years$2,929$1,608$838$421$206$6

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 $2,404 every year, while hoping to spend $51,274 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: 59/12/29 Blend
29$3,000,000$3,000,000$3,000,000$3,000,000
30$3,308,480$3,149,480$3,102,980$3,477,386
31$3,591,390$3,249,249$3,152,374$3,693,013
32$3,901,438$3,352,189$3,201,705$3,922,473
33$4,241,338$3,458,400$3,250,916$4,171,723
34$4,614,080$3,567,987$3,299,947$4,442,701
35$5,022,955$3,681,057$3,348,735$4,737,542
36$5,471,590$3,797,723$3,397,211$5,058,598
37$5,963,980$3,918,098$3,445,305$5,408,459
38$6,504,523$4,042,302$3,492,939$5,789,978
39$7,098,066$4,170,457$3,540,035$6,206,297
40$7,749,948$4,302,689$3,586,506$6,660,878
41$8,466,050$4,439,128$3,632,261$7,157,534
42$9,252,852$4,579,910$3,677,206$7,700,467
43$10,117,490$4,725,172$3,721,240$8,294,304
44$11,067,828$4,875,060$3,764,255$8,944,143
45$12,112,528$5,029,720$3,806,140$9,655,604
46$13,261,135$5,189,305$3,846,775$10,434,873
47$14,524,164$5,353,974$3,886,034$11,288,772
48$15,913,199$5,523,889$3,923,786$12,224,812
49$17,441,003$5,699,218$3,959,892$13,251,273
50$19,121,641$5,880,135$3,994,203$14,377,275
51$20,970,606$6,066,819$4,026,567$15,612,869
52$23,004,970$6,259,455$4,056,819$16,969,130
53$25,243,542$6,458,234$4,084,788$18,458,260
54$27,707,050$6,663,353$4,110,294$20,093,706
55$30,418,328$6,875,016$4,133,148$21,890,284
56$33,402,539$7,093,434$4,153,150$23,864,322
57$36,687,408$7,318,822$4,170,090$26,033,810
58$40,303,484$7,551,405$4,183,750$28,418,573
59$44,284,430$7,791,415$4,193,896$31,040,459
60$48,667,338$8,039,090$4,200,287$33,923,541
61$53,493,077$8,294,676$4,202,668$37,094,347
62$58,806,685$8,558,429$4,200,771$40,582,112
63$64,657,786$8,830,611$4,194,316$44,419,049
64$71,101,063$9,111,494$4,183,009$48,640,659
65$78,196,772$9,401,358$4,166,540$53,286,061
66$86,011,311$9,700,493$4,144,587$58,398,367
67$94,617,845$10,009,197$4,116,810$64,025,083
68$104,096,996$10,327,778$4,082,855$70,218,562
69$114,537,607$10,656,557$4,042,348$77,036,494
70$126,037,575$10,995,861$3,994,899$84,542,458
71$138,704,781$11,346,031$3,940,101$92,806,513
72$152,658,099$11,707,417$3,877,525$101,905,868
73$168,028,527$12,080,382$3,806,724$111,925,606
74$184,960,416$12,465,301$3,727,229$122,959,489
75$203,612,838$12,862,559$3,638,550$135,110,843
76$224,161,079$13,272,557$3,540,173$148,493,534
77$246,798,303$13,695,706$3,431,563$163,233,043
78$271,737,367$14,132,432$3,312,157$179,467,654
79$299,212,832$14,583,175$3,181,368$197,349,752
80$329,483,180$15,048,390$3,038,584$217,047,270
81$362,833,249$15,528,546$2,883,161$238,745,272
82$399,576,923$16,024,127$2,714,429$262,647,700
83$440,060,094$16,535,634$2,531,686$288,979,299
84$484,663,927$17,063,583$2,334,202$317,987,742
85$533,808,459$17,608,511$2,121,209$349,945,966
86$587,956,561$18,170,967$1,891,909$385,154,751
87$647,618,308$18,751,522$1,645,465$423,945,560
88$713,355,793$19,350,765$1,381,007$466,683,669
89$785,788,436$19,969,304$1,097,622$513,771,614
90$865,598,824$20,607,767$794,360$565,652,996
91$953,539,160$21,266,804$470,227$622,816,668
92$1,050,438,363$21,947,086$124,188$685,801,350
93$1,157,209,888$22,649,304$0$755,200,715
94$1,274,860,352$23,374,177$0$831,744,841
95$1,404,499,039$24,122,442$0$916,124,798
96$1,547,348,363$24,894,864$0$1,009,097,004
97$1,704,755,418$25,692,234$0$1,111,537,406
98$1,878,204,683$26,515,366$0$1,224,411,285
99$2,069,332,047$27,365,105$0$1,348,782,365
100$2,279,940,242$28,242,321$0$1,485,822,855