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

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 $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%19.8%
1 years$247,737$245,530$243,378$241,276$239,224$229,823
2 years$122,642$120,358$118,144$115,998$113,916$104,560
3 years$80,949$78,655$76,447$74,321$72,273$63,256
4 years$60,107$57,820$55,634$53,544$51,546$42,937
5 years$47,605$45,332$43,174$41,127$39,184$31,005
6 years$39,273$37,017$34,891$32,890$31,005$23,261
7 years$33,324$31,087$28,995$27,040$25,216$17,904
8 years$28,864$26,647$24,590$22,684$20,919$14,033
9 years$25,397$23,201$21,179$19,321$17,617$11,145
10 years$22,625$20,450$18,465$16,655$15,010$8,941
11 years$20,359$18,206$16,256$14,495$12,909$7,229
12 years$18,471$16,341$14,427$12,714$11,187$5,880
13 years$16,875$14,767$12,889$11,225$9,755$4,805
14 years$15,509$13,423$11,581$9,964$8,551$3,942
15 years$14,326$12,262$10,456$8,886$7,529$3,244
16 years$13,291$11,250$9,480$7,957$6,654$2,677
17 years$12,379$10,361$8,626$7,149$5,900$2,213
18 years$11,570$9,574$7,875$6,443$5,246$1,832
19 years$10,846$8,873$7,209$5,821$4,676$1,519
20 years$10,196$8,245$6,616$5,272$4,177$1,261
21 years$9,608$7,680$6,086$4,785$3,738$1,048
22 years$9,075$7,169$5,609$4,351$3,350$871
23 years$8,589$6,705$5,179$3,962$3,007$725
24 years$8,143$6,282$4,789$3,614$2,703$604
25 years$7,734$5,896$4,436$3,300$2,432$503
26 years$7,358$5,541$4,114$3,018$2,191$419
27 years$7,009$5,215$3,820$2,762$1,975$349
28 years$6,686$4,914$3,551$2,531$1,782$291
29 years$6,386$4,636$3,305$2,321$1,610$243
30 years$6,107$4,378$3,078$2,130$1,454$202
31 years$5,846$4,139$2,870$1,956$1,315$169
32 years$5,601$3,916$2,678$1,798$1,189$141
33 years$5,373$3,708$2,500$1,653$1,076$118
34 years$5,158$3,515$2,336$1,521$975$98
35 years$4,955$3,334$2,184$1,400$883$82
36 years$4,765$3,164$2,043$1,290$800$68
37 years$4,585$3,005$1,912$1,188$725$57
38 years$4,415$2,856$1,791$1,095$657$48
39 years$4,254$2,716$1,678$1,010$596$40
40 years$4,101$2,584$1,573$931$541$33
41 years$3,957$2,460$1,475$859$490$28
42 years$3,819$2,342$1,383$793$445$23
43 years$3,689$2,232$1,298$732$404$19
44 years$3,564$2,127$1,218$676$367$16
45 years$3,446$2,029$1,144$624$333$13
46 years$3,333$1,935$1,074$577$302$11
47 years$3,225$1,847$1,009$533$274$9
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$5

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 $5,206 every year, while hoping to spend $22,259 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: 53/31/16 Blend
29$3,000,000$3,000,000$3,000,000$3,000,000
30$3,311,370$3,152,370$3,105,870$3,472,344
31$3,625,446$3,283,153$3,186,233$3,713,769
32$3,970,812$3,419,598$3,268,543$3,973,521
33$4,350,636$3,561,959$3,352,840$4,255,652
34$4,768,409$3,710,502$3,439,167$4,562,295
35$5,227,975$3,865,505$3,527,568$4,895,794
36$5,733,572$4,027,259$3,618,085$5,258,725
37$6,289,869$4,196,068$3,710,764$5,653,921
38$6,902,010$4,372,249$3,805,649$6,084,497
39$7,575,662$4,556,137$3,902,785$6,553,881
40$8,317,071$4,748,078$4,002,220$7,065,839
41$9,133,117$4,948,439$4,103,999$7,624,518
42$10,031,383$5,157,600$4,208,170$8,234,478
43$11,020,222$5,375,961$4,314,782$8,900,736
44$12,108,841$5,603,939$4,423,884$9,628,812
45$13,307,382$5,841,971$4,535,523$10,424,782
46$14,627,022$6,090,516$4,649,751$11,295,330
47$16,080,078$6,350,051$4,766,617$12,247,814
48$17,680,121$6,621,078$4,886,173$13,290,331
49$19,442,104$6,904,121$5,008,471$14,431,795
50$21,382,505$7,199,730$5,133,561$15,682,017
51$23,519,482$7,508,478$5,261,497$17,051,798
52$25,873,044$7,830,969$5,392,332$18,553,028
53$28,465,238$8,167,830$5,526,119$20,198,799
54$31,320,361$8,519,721$5,662,912$22,003,523
55$34,465,183$8,887,333$5,802,765$23,983,071
56$37,929,206$9,271,387$5,945,732$26,154,918
57$41,744,940$9,672,640$6,091,869$28,538,305
58$45,948,208$10,091,884$6,241,231$31,154,423
59$50,578,486$10,529,947$6,393,873$34,026,606
60$55,679,275$10,987,697$6,549,851$37,180,553
61$61,298,509$11,466,043$6,709,219$40,644,567
62$67,489,015$11,965,936$6,872,036$44,449,818
63$74,309,000$12,488,373$7,038,355$48,630,638
64$81,822,612$13,034,397$7,208,233$53,224,841
65$90,100,535$13,605,099$7,381,726$58,274,075
66$99,220,666$14,201,625$7,558,890$63,824,219
67$109,268,841$14,825,172$7,739,780$69,925,804
68$120,339,651$15,476,994$7,924,451$76,634,494
69$132,537,334$16,158,405$8,112,958$84,011,608
70$145,976,756$16,870,781$8,305,356$92,124,690
71$160,784,498$17,615,562$8,501,699$101,048,149
72$177,100,051$18,394,258$8,702,040$110,863,956
73$195,077,129$19,208,450$8,906,431$121,662,412
74$214,885,125$20,059,793$9,114,926$133,543,000
75$236,710,706$20,950,021$9,327,573$146,615,316
76$260,759,575$21,880,949$9,544,425$161,000,104
77$287,258,418$22,854,481$9,765,528$176,830,387
78$316,457,035$23,872,609$9,990,932$194,252,721
79$348,630,706$24,937,421$10,220,682$213,428,572
80$384,082,786$26,051,102$10,454,823$234,535,836
81$423,147,568$27,215,944$10,693,397$257,770,513
82$466,193,440$28,434,346$10,936,446$283,348,550
83$513,626,364$29,708,822$11,184,010$311,507,878
84$565,893,703$31,042,004$11,436,124$342,510,646
85$623,488,450$32,436,652$11,692,824$376,645,696
86$686,953,880$33,895,655$11,954,141$414,231,276
87$756,888,676$35,422,043$12,220,105$455,618,046
88$833,952,584$37,018,986$12,490,742$501,192,371
89$918,872,641$38,689,810$12,766,076$551,379,970
90$1,012,450,036$40,437,996$13,046,125$606,649,921
91$1,115,567,676$42,267,194$13,330,906$667,519,084
92$1,229,198,518$44,181,226$13,620,430$734,556,972
93$1,354,414,759$46,184,098$13,914,707$808,391,114
94$1,492,397,953$48,280,007$14,213,738$889,712,976
95$1,644,450,169$50,473,353$14,517,523$979,284,474
96$1,812,006,281$52,768,742$14,826,055$1,077,945,158
97$1,996,647,515$55,171,004$15,139,322$1,186,620,129
98$2,200,116,379$57,685,200$15,457,306$1,306,328,757
99$2,424,333,107$60,316,632$15,779,983$1,438,194,298
100$2,671,413,794$63,070,858$16,107,323$1,583,454,478