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%13.6%
1 years$255,995$253,715$251,490$249,319$247,198$243,504
2 years$126,730$124,370$122,083$119,865$117,714$114,000
3 years$83,648$81,277$78,996$76,799$74,682$71,065
4 years$62,110$59,747$57,489$55,329$53,264$49,771
5 years$49,192$46,843$44,613$42,498$40,490$37,132
6 years$40,582$38,251$36,054$33,986$32,039$28,818
7 years$34,434$32,123$29,961$27,942$26,056$22,974
8 years$29,826$27,535$25,410$23,440$21,616$18,673
9 years$26,243$23,974$21,885$19,965$18,204$15,398
10 years$23,379$21,132$19,080$17,210$15,511$12,840
11 years$21,037$18,813$16,798$14,978$13,340$10,801
12 years$19,087$16,885$14,908$13,138$11,560$9,151
13 years$17,438$15,259$13,319$11,599$10,080$7,797
14 years$16,026$13,870$11,967$10,296$8,836$6,676
15 years$14,803$12,671$10,805$9,182$7,780$5,738
16 years$13,734$11,625$9,796$8,222$6,876$4,948
17 years$12,792$10,706$8,914$7,387$6,097$4,280
18 years$11,956$9,893$8,137$6,657$5,421$3,710
19 years$11,208$9,169$7,449$6,015$4,832$3,222
20 years$10,536$8,520$6,837$5,448$4,316$2,804
21 years$9,929$7,936$6,288$4,945$3,862$2,444
22 years$9,377$7,408$5,796$4,496$3,462$2,132
23 years$8,875$6,929$5,351$4,094$3,108$1,863
24 years$8,415$6,492$4,949$3,734$2,793$1,629
25 years$7,992$6,092$4,584$3,410$2,514$1,425
26 years$7,603$5,726$4,251$3,118$2,264$1,248
27 years$7,243$5,389$3,948$2,854$2,041$1,094
28 years$6,909$5,078$3,670$2,615$1,842$959
29 years$6,599$4,790$3,415$2,398$1,663$841
30 years$6,310$4,524$3,181$2,201$1,503$738
31 years$6,041$4,276$2,966$2,021$1,359$648
32 years$5,788$4,046$2,767$1,858$1,229$569
33 years$5,552$3,832$2,584$1,708$1,112$500
34 years$5,329$3,632$2,414$1,572$1,007$439
35 years$5,120$3,445$2,257$1,447$912$386
36 years$4,924$3,270$2,111$1,333$826$340
37 years$4,738$3,105$1,976$1,228$749$298
38 years$4,562$2,951$1,850$1,132$679$262
39 years$4,396$2,806$1,734$1,043$616$231
40 years$4,238$2,670$1,625$962$559$203
41 years$4,089$2,542$1,524$888$507$179
42 years$3,947$2,420$1,429$819$460$157
43 years$3,812$2,306$1,341$756$417$138
44 years$3,683$2,198$1,259$698$379$122
45 years$3,561$2,096$1,182$645$344$107
46 years$3,444$2,000$1,110$596$312$94
47 years$3,333$1,908$1,043$550$283$83
48 years$3,226$1,822$980$509$257$73
49 years$3,124$1,740$921$470$234$64
50 years$3,027$1,662$866$435$212$56

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 $2,431 every year, while hoping to spend $35,777 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: 39/41/20 Blend
29$3,100,000$3,100,000$3,100,000$3,100,000
30$3,418,708$3,254,408$3,206,358$3,531,567
31$3,729,349$3,375,807$3,275,704$3,734,323
32$4,070,477$3,501,956$3,346,175$3,949,834
33$4,445,164$3,633,050$3,417,769$4,182,130
34$4,856,792$3,769,291$3,490,486$4,432,751
35$5,309,091$3,910,892$3,564,323$4,703,391
36$5,806,166$4,058,074$3,639,276$4,995,909
37$6,352,543$4,211,067$3,715,340$5,312,347
38$6,953,206$4,370,113$3,792,508$5,654,951
39$7,613,647$4,535,463$3,870,771$6,026,187
40$8,339,916$4,707,378$3,950,119$6,428,765
41$9,138,680$4,886,131$4,030,539$6,865,666
42$10,017,282$5,072,008$4,112,019$7,340,166
43$10,983,815$5,265,307$4,194,542$7,855,868
44$12,047,195$5,466,338$4,278,090$8,416,734
45$13,217,244$5,675,424$4,362,642$9,027,120
46$14,504,788$5,892,905$4,448,175$9,691,820
47$15,921,752$6,119,133$4,534,665$10,416,106
48$17,481,277$6,354,476$4,622,082$11,205,778
49$19,197,842$6,599,320$4,710,396$12,067,217
50$21,087,400$6,854,065$4,799,573$13,007,448
51$23,167,533$7,119,132$4,889,576$14,034,197
52$25,457,609$7,394,957$4,980,365$15,155,970
53$27,978,972$7,681,998$5,071,895$16,382,127
54$30,755,143$7,980,731$5,164,119$17,722,973
55$33,812,036$8,291,655$5,256,985$19,189,848
56$37,178,208$8,615,291$5,350,438$20,795,238
57$40,885,126$8,952,180$5,444,418$22,552,890
58$44,967,463$9,302,892$5,538,861$24,477,934
59$49,463,429$9,668,018$5,633,698$26,587,035
60$54,415,126$10,048,178$5,728,854$28,898,537
61$59,868,948$10,444,019$5,824,250$31,432,642
62$65,876,020$10,856,215$5,919,802$34,211,596
63$72,492,677$11,285,472$6,015,418$37,259,895
64$79,780,999$11,732,528$6,111,002$40,604,517
65$87,809,392$12,198,154$6,206,452$44,275,172
66$96,653,239$12,683,152$6,301,657$48,304,582
67$106,395,608$13,188,366$6,396,502$52,728,785
68$117,128,036$13,714,672$6,490,861$57,587,475
69$128,951,395$14,262,990$6,584,604$62,924,372
70$141,976,840$14,834,279$6,677,591$68,787,633
71$156,326,861$15,429,542$6,769,673$75,230,303
72$172,136,438$16,049,826$6,860,694$82,310,811
73$189,554,315$16,696,228$6,950,488$90,093,523
74$208,744,404$17,369,893$7,038,879$98,649,340
75$229,887,333$18,072,017$7,125,681$108,056,369
76$253,182,146$18,803,851$7,210,697$118,400,654
77$278,848,190$19,566,705$7,293,719$129,776,984
78$307,127,175$20,361,943$7,374,529$142,289,787
79$338,285,466$21,190,998$7,452,895$156,054,107
80$372,616,590$22,055,363$7,528,573$171,196,688
81$410,444,007$22,956,600$7,601,305$187,857,167
82$452,124,167$23,896,345$7,670,820$206,189,386
83$498,049,872$24,876,306$7,736,833$226,362,840
84$548,653,984$25,898,270$7,799,041$248,564,271
85$604,413,510$26,964,105$7,857,129$272,999,425
86$665,854,108$28,075,766$7,910,763$299,894,991
87$733,555,045$29,235,297$7,959,592$329,500,735
88$808,154,668$30,444,835$8,003,246$362,091,848
89$890,356,429$31,706,616$8,041,339$397,971,541
90$980,935,523$33,022,978$8,073,463$437,473,901
91$1,080,746,211$34,396,369$8,099,189$480,967,035
92$1,190,729,880$35,829,347$8,118,067$528,856,542
93$1,311,923,932$37,324,589$8,129,626$581,589,328
94$1,445,471,574$38,884,895$8,133,370$639,657,826
95$1,592,632,615$40,513,195$8,128,778$703,604,628
96$1,754,795,355$42,212,555$8,115,305$774,027,604
97$1,933,489,692$43,986,180$8,092,378$851,585,535
98$2,130,401,565$45,837,428$8,059,398$937,004,324
99$2,347,388,871$47,769,809$8,015,734$1,031,083,838
100$2,586,499,002$49,786,996$7,960,728$1,134,705,450