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

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$255,995$253,715$251,490$249,319$247,198$244,821
2 years$126,730$124,370$122,083$119,865$117,714$115,318
3 years$83,648$81,277$78,996$76,799$74,682$72,344
4 years$62,110$59,747$57,489$55,329$53,264$51,000
5 years$49,192$46,843$44,613$42,498$40,490$38,308
6 years$40,582$38,251$36,054$33,986$32,039$29,941
7 years$34,434$32,123$29,961$27,942$26,056$24,043
8 years$29,826$27,535$25,410$23,440$21,616$19,688
9 years$26,243$23,974$21,885$19,965$18,204$16,360
10 years$23,379$21,132$19,080$17,210$15,511$13,750
11 years$21,037$18,813$16,798$14,978$13,340$11,661
12 years$19,087$16,885$14,908$13,138$11,560$9,961
13 years$17,438$15,259$13,319$11,599$10,080$8,560
14 years$16,026$13,870$11,967$10,296$8,836$7,392
15 years$14,803$12,671$10,805$9,182$7,780$6,410
16 years$13,734$11,625$9,796$8,222$6,876$5,578
17 years$12,792$10,706$8,914$7,387$6,097$4,868
18 years$11,956$9,893$8,137$6,657$5,421$4,260
19 years$11,208$9,169$7,449$6,015$4,832$3,735
20 years$10,536$8,520$6,837$5,448$4,316$3,282
21 years$9,929$7,936$6,288$4,945$3,862$2,888
22 years$9,377$7,408$5,796$4,496$3,462$2,545
23 years$8,875$6,929$5,351$4,094$3,108$2,245
24 years$8,415$6,492$4,949$3,734$2,793$1,983
25 years$7,992$6,092$4,584$3,410$2,514$1,753
26 years$7,603$5,726$4,251$3,118$2,264$1,551
27 years$7,243$5,389$3,948$2,854$2,041$1,374
28 years$6,909$5,078$3,670$2,615$1,842$1,217
29 years$6,599$4,790$3,415$2,398$1,663$1,079
30 years$6,310$4,524$3,181$2,201$1,503$957
31 years$6,041$4,276$2,966$2,021$1,359$849
32 years$5,788$4,046$2,767$1,858$1,229$754
33 years$5,552$3,832$2,584$1,708$1,112$670
34 years$5,329$3,632$2,414$1,572$1,007$595
35 years$5,120$3,445$2,257$1,447$912$528
36 years$4,924$3,270$2,111$1,333$826$470
37 years$4,738$3,105$1,976$1,228$749$418
38 years$4,562$2,951$1,850$1,132$679$371
39 years$4,396$2,806$1,734$1,043$616$330
40 years$4,238$2,670$1,625$962$559$294
41 years$4,089$2,542$1,524$888$507$261
42 years$3,947$2,420$1,429$819$460$232
43 years$3,812$2,306$1,341$756$417$207
44 years$3,683$2,198$1,259$698$379$184
45 years$3,561$2,096$1,182$645$344$164
46 years$3,444$2,000$1,110$596$312$146
47 years$3,333$1,908$1,043$550$283$130
48 years$3,226$1,822$980$509$257$115
49 years$3,124$1,740$921$470$234$103
50 years$3,027$1,662$866$435$212$91

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 $3,875 every year, while hoping to spend $58,728 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: 70/17/13 Blend
29$3,100,000$3,100,000$3,100,000$3,100,000
30$3,420,197$3,255,897$3,207,847$3,649,618
31$3,706,571$3,352,950$3,252,824$3,899,468
32$4,020,187$3,452,790$3,297,339$4,165,342
33$4,363,761$3,555,492$3,341,315$4,454,769
34$4,740,286$3,661,132$3,384,670$4,770,060
35$5,153,056$3,769,788$3,427,317$5,113,759
36$5,605,700$3,881,540$3,469,165$5,488,667
37$6,102,215$3,996,470$3,510,116$5,897,869
38$6,647,004$4,114,660$3,550,068$6,344,764
39$7,244,916$4,236,196$3,588,913$6,833,091
40$7,901,292$4,361,164$3,626,536$7,366,972
41$8,622,017$4,489,654$3,662,818$7,950,946
42$9,413,572$4,621,756$3,697,631$8,590,012
43$10,283,096$4,757,562$3,730,842$9,289,677
44$11,238,456$4,897,167$3,762,310$10,056,005
45$12,288,318$5,040,667$3,791,886$10,895,680
46$13,442,226$5,188,160$3,819,414$11,816,062
47$14,710,699$5,339,746$3,844,730$12,825,259
48$16,105,324$5,495,526$3,867,662$13,932,205
49$17,638,865$5,655,605$3,888,027$15,146,743
50$19,325,387$5,820,088$3,905,634$16,479,713
51$21,180,387$5,989,083$3,920,283$17,943,063
52$23,220,937$6,162,698$3,931,762$19,549,954
53$25,465,847$6,341,045$3,939,851$21,314,887
54$27,935,844$6,524,237$3,944,317$23,253,838
55$30,653,764$6,712,388$3,944,916$25,384,413
56$33,644,768$6,905,616$3,941,391$27,726,007
57$36,936,581$7,104,038$3,933,474$30,299,992
58$40,559,750$7,307,773$3,920,883$33,129,916
59$44,547,936$7,516,945$3,903,323$36,241,726
60$48,938,225$7,731,675$3,880,484$39,664,014
61$53,771,485$7,952,089$3,852,042$43,428,283
62$59,092,748$8,178,312$3,817,656$47,569,247
63$64,951,631$8,410,472$3,776,971$52,125,157
64$71,402,809$8,648,697$3,729,612$57,138,163
65$78,506,531$8,893,119$3,675,189$62,654,710
66$86,329,182$9,143,866$3,613,292$68,725,978
67$94,943,916$9,401,073$3,543,495$75,408,363
68$104,431,341$9,664,871$3,465,347$82,764,012
69$114,880,282$9,935,394$3,378,381$90,861,405
70$126,388,619$10,212,777$3,282,105$99,776,005
71$139,064,209$10,497,154$3,176,007$109,590,967
72$153,025,904$10,788,659$3,059,548$120,397,928
73$168,404,671$11,087,429$2,932,168$132,297,865
74$185,344,832$11,393,597$2,793,280$145,402,052
75$204,005,419$11,707,298$2,642,269$159,833,111
76$224,561,683$12,028,666$2,478,496$175,726,166
77$247,206,738$12,357,834$2,301,289$193,230,122
78$272,153,391$12,694,934$2,109,948$212,509,067
79$299,636,147$13,040,096$1,903,742$233,743,824
80$329,913,422$13,393,449$1,681,905$257,133,656
81$363,269,983$13,755,120$1,443,641$282,898,148
82$400,019,633$14,125,232$1,188,114$311,279,279
83$440,508,174$14,503,907$914,455$342,543,706
84$485,116,673$14,891,263$621,754$376,985,284
85$534,265,053$15,287,415$309,062$414,927,835
86$588,416,062$15,692,472$0$456,728,210
87$648,079,638$16,106,540$0$502,783,073
88$713,817,719$16,529,720$0$553,568,333
89$786,249,555$16,962,104$0$609,518,779
90$866,057,545$17,403,783$0$671,160,828
91$953,993,682$17,854,835$0$739,074,583
92$1,050,886,649$18,315,334$0$813,899,304
93$1,157,649,647$18,785,345$0$896,339,440
94$1,275,289,005$19,264,921$0$987,171,288
95$1,404,913,690$19,754,109$0$1,087,250,308
96$1,547,745,767$20,252,940$0$1,197,519,209
97$1,705,131,938$20,761,437$0$1,319,016,838
98$1,878,556,256$21,279,608$0$1,452,887,996
99$2,069,654,131$21,807,446$0$1,600,394,236
100$2,280,227,771$22,344,929$0$1,762,925,777