Can I retire at age 30 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$255,995$253,715$251,490$249,319$247,198$239,381
2 years$126,730$124,370$122,083$119,865$117,714$109,909
3 years$83,648$81,277$78,996$76,799$74,682$67,135
4 years$62,110$59,747$57,489$55,329$53,264$46,032
5 years$49,192$46,843$44,613$42,498$40,490$33,592
6 years$40,582$38,251$36,054$33,986$32,039$25,481
7 years$34,434$32,123$29,961$27,942$26,056$19,838
8 years$29,826$27,535$25,410$23,440$21,616$15,734
9 years$26,243$23,974$21,885$19,965$18,204$12,650
10 years$23,379$21,132$19,080$17,210$15,511$10,278
11 years$21,037$18,813$16,798$14,978$13,340$8,418
12 years$19,087$16,885$14,908$13,138$11,560$6,939
13 years$17,438$15,259$13,319$11,599$10,080$5,749
14 years$16,026$13,870$11,967$10,296$8,836$4,783
15 years$14,803$12,671$10,805$9,182$7,780$3,992
16 years$13,734$11,625$9,796$8,222$6,876$3,342
17 years$12,792$10,706$8,914$7,387$6,097$2,804
18 years$11,956$9,893$8,137$6,657$5,421$2,357
19 years$11,208$9,169$7,449$6,015$4,832$1,984
20 years$10,536$8,520$6,837$5,448$4,316$1,672
21 years$9,929$7,936$6,288$4,945$3,862$1,411
22 years$9,377$7,408$5,796$4,496$3,462$1,192
23 years$8,875$6,929$5,351$4,094$3,108$1,008
24 years$8,415$6,492$4,949$3,734$2,793$852
25 years$7,992$6,092$4,584$3,410$2,514$721
26 years$7,603$5,726$4,251$3,118$2,264$611
27 years$7,243$5,389$3,948$2,854$2,041$517
28 years$6,909$5,078$3,670$2,615$1,842$438
29 years$6,599$4,790$3,415$2,398$1,663$372
30 years$6,310$4,524$3,181$2,201$1,503$315
31 years$6,041$4,276$2,966$2,021$1,359$267
32 years$5,788$4,046$2,767$1,858$1,229$227
33 years$5,552$3,832$2,584$1,708$1,112$192
34 years$5,329$3,632$2,414$1,572$1,007$163
35 years$5,120$3,445$2,257$1,447$912$138
36 years$4,924$3,270$2,111$1,333$826$117
37 years$4,738$3,105$1,976$1,228$749$100
38 years$4,562$2,951$1,850$1,132$679$84
39 years$4,396$2,806$1,734$1,043$616$72
40 years$4,238$2,670$1,625$962$559$61
41 years$4,089$2,542$1,524$888$507$52
42 years$3,947$2,420$1,429$819$460$44
43 years$3,812$2,306$1,341$756$417$37
44 years$3,683$2,198$1,259$698$379$32
45 years$3,561$2,096$1,182$645$344$27
46 years$3,444$2,000$1,110$596$312$23
47 years$3,333$1,908$1,043$550$283$19
48 years$3,226$1,822$980$509$257$16
49 years$3,124$1,740$921$470$234$14
50 years$3,027$1,662$866$435$212$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $3,100,000, adding $3,021 every year, while hoping to spend $31,307 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: 58/29/13 Blend
29$3,100,000$3,100,000$3,100,000$3,100,000
30$3,419,316$3,255,016$3,206,966$3,606,328
31$3,734,776$3,381,202$3,281,089$3,859,135
32$4,081,363$3,512,521$3,356,646$4,130,841
33$4,462,221$3,649,192$3,433,652$4,426,277
34$4,880,809$3,791,444$3,512,120$4,747,725
35$5,340,941$3,939,515$3,592,066$5,097,699
36$5,846,819$4,093,653$3,673,503$5,478,960
37$6,403,072$4,254,119$3,756,442$5,894,548
38$7,014,798$4,421,184$3,840,896$6,347,807
39$7,687,616$4,595,131$3,926,875$6,842,415
40$8,427,718$4,776,257$4,014,390$7,382,421
41$9,241,922$4,964,871$4,103,449$7,972,280
42$10,137,745$5,161,296$4,194,061$8,616,894
43$11,123,466$5,365,871$4,286,233$9,321,659
44$12,208,207$5,578,946$4,379,970$10,092,515
45$13,402,023$5,800,893$4,475,277$10,935,999
46$14,715,987$6,032,095$4,572,157$11,859,309
47$16,162,305$6,272,955$4,670,612$12,870,367
48$17,754,424$6,523,893$4,770,641$13,977,897
49$19,507,162$6,785,350$4,872,244$15,191,504
50$21,436,844$7,057,785$4,975,416$16,521,762
51$23,561,464$7,341,677$5,080,154$17,980,315
52$25,900,843$7,637,530$5,186,449$19,579,987
53$28,476,826$7,945,866$5,294,292$21,334,897
54$31,313,484$8,267,235$5,403,672$23,260,596
55$34,437,339$8,602,209$5,514,575$25,374,208
56$37,877,619$8,951,389$5,626,985$27,694,596
57$41,666,529$9,315,400$5,740,882$30,242,531
58$45,839,558$9,694,897$5,856,244$33,040,894
59$50,435,811$10,090,566$5,973,047$36,114,883
60$55,498,382$10,503,122$6,091,262$39,492,256
61$61,074,756$10,933,313$6,210,859$43,203,589
62$67,217,259$11,381,924$6,331,801$47,282,559
63$73,983,554$11,849,772$6,454,050$51,766,266
64$81,437,180$12,337,714$6,577,564$56,695,577
65$89,648,155$12,846,646$6,702,296$62,115,512
66$98,693,638$13,377,503$6,828,194$68,075,664
67$108,658,654$13,931,265$6,955,203$74,630,669
68$119,636,897$14,508,957$7,083,262$81,840,717
69$131,731,614$15,111,650$7,212,306$89,772,116
70$145,056,584$15,740,465$7,342,262$98,497,921
71$159,737,183$16,396,576$7,473,056$108,098,614
72$175,911,575$17,081,207$7,604,602$118,662,866
73$193,732,013$17,795,644$7,736,814$130,288,370
74$213,366,275$18,541,227$7,869,594$143,082,759
75$234,999,250$19,319,363$8,002,841$157,164,620
76$258,834,682$20,131,520$8,136,445$172,664,611
77$285,097,092$20,979,236$8,270,287$189,726,688
78$314,033,897$21,864,121$8,404,244$208,509,464
79$345,917,749$22,787,857$8,538,180$229,187,702
80$381,049,104$23,752,207$8,671,954$251,953,959
81$419,759,061$24,759,014$8,805,413$277,020,399
82$462,412,487$25,810,207$8,938,396$304,620,798
83$509,411,459$26,907,806$9,070,731$335,012,738
84$561,199,063$28,053,923$9,202,235$368,480,041
85$618,263,573$29,250,771$9,332,716$405,335,438
86$681,143,062$30,500,663$9,461,967$445,923,524
87$750,430,483$31,806,024$9,589,771$490,623,995
88$826,779,261$33,169,388$9,715,897$539,855,238
89$910,909,468$34,593,411$9,840,102$594,078,268
90$1,003,614,616$36,080,870$9,962,127$653,801,078
91$1,105,769,149$37,634,675$10,081,701$719,583,426
92$1,218,336,699$39,257,870$10,198,534$792,042,115
93$1,342,379,180$40,953,643$10,312,323$871,856,807
94$1,479,066,816$42,725,332$10,422,746$959,776,436
95$1,629,689,188$44,576,430$10,529,464$1,056,626,267
96$1,795,667,404$46,510,594$10,632,121$1,163,315,682
97$1,978,567,521$48,531,655$10,730,339$1,280,846,756
98$2,180,115,325$50,643,622$10,823,721$1,410,323,710
99$2,402,212,622$52,850,695$10,911,850$1,552,963,324
100$2,646,955,199$55,157,267$10,994,286$1,710,106,419