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%17.7%
1 years$255,995$253,715$251,490$249,319$247,198$239,477
2 years$126,730$124,370$122,083$119,865$117,714$110,003
3 years$83,648$81,277$78,996$76,799$74,682$67,225
4 years$62,110$59,747$57,489$55,329$53,264$46,117
5 years$49,192$46,843$44,613$42,498$40,490$33,672
6 years$40,582$38,251$36,054$33,986$32,039$25,556
7 years$34,434$32,123$29,961$27,942$26,056$19,908
8 years$29,826$27,535$25,410$23,440$21,616$15,798
9 years$26,243$23,974$21,885$19,965$18,204$12,710
10 years$23,379$21,132$19,080$17,210$15,511$10,333
11 years$21,037$18,813$16,798$14,978$13,340$8,468
12 years$19,087$16,885$14,908$13,138$11,560$6,985
13 years$17,438$15,259$13,319$11,599$10,080$5,791
14 years$16,026$13,870$11,967$10,296$8,836$4,821
15 years$14,803$12,671$10,805$9,182$7,780$4,027
16 years$13,734$11,625$9,796$8,222$6,876$3,373
17 years$12,792$10,706$8,914$7,387$6,097$2,832
18 years$11,956$9,893$8,137$6,657$5,421$2,382
19 years$11,208$9,169$7,449$6,015$4,832$2,007
20 years$10,536$8,520$6,837$5,448$4,316$1,693
21 years$9,929$7,936$6,288$4,945$3,862$1,430
22 years$9,377$7,408$5,796$4,496$3,462$1,209
23 years$8,875$6,929$5,351$4,094$3,108$1,023
24 years$8,415$6,492$4,949$3,734$2,793$866
25 years$7,992$6,092$4,584$3,410$2,514$733
26 years$7,603$5,726$4,251$3,118$2,264$621
27 years$7,243$5,389$3,948$2,854$2,041$527
28 years$6,909$5,078$3,670$2,615$1,842$447
29 years$6,599$4,790$3,415$2,398$1,663$379
30 years$6,310$4,524$3,181$2,201$1,503$322
31 years$6,041$4,276$2,966$2,021$1,359$273
32 years$5,788$4,046$2,767$1,858$1,229$232
33 years$5,552$3,832$2,584$1,708$1,112$197
34 years$5,329$3,632$2,414$1,572$1,007$167
35 years$5,120$3,445$2,257$1,447$912$142
36 years$4,924$3,270$2,111$1,333$826$120
37 years$4,738$3,105$1,976$1,228$749$102
38 years$4,562$2,951$1,850$1,132$679$87
39 years$4,396$2,806$1,734$1,043$616$74
40 years$4,238$2,670$1,625$962$559$63
41 years$4,089$2,542$1,524$888$507$53
42 years$3,947$2,420$1,429$819$460$45
43 years$3,812$2,306$1,341$756$417$38
44 years$3,683$2,198$1,259$698$379$33
45 years$3,561$2,096$1,182$645$344$28
46 years$3,444$2,000$1,110$596$312$24
47 years$3,333$1,908$1,043$550$283$20
48 years$3,226$1,822$980$509$257$17
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 $6,863 every year, while hoping to spend $43,873 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: 70/22/8 Blend
29$3,100,000$3,100,000$3,100,000$3,100,000
30$3,423,279$3,258,979$3,210,929$3,657,704
31$3,725,773$3,371,989$3,271,815$3,926,724
32$4,057,651$3,489,065$3,333,270$4,214,959
33$4,421,864$3,610,362$3,395,266$4,529,160
34$4,821,662$3,736,037$3,457,776$4,871,869
35$5,260,625$3,866,257$3,520,765$5,245,882
36$5,742,698$4,001,193$3,584,200$5,654,280
37$6,272,225$4,141,023$3,648,043$6,100,452
38$6,853,993$4,285,934$3,712,253$6,588,129
39$7,493,275$4,436,119$3,776,788$7,121,421
40$8,195,878$4,591,779$3,841,600$7,704,851
41$8,968,203$4,753,121$3,906,639$8,343,400
42$9,817,301$4,920,365$3,971,852$9,042,552
43$10,750,938$5,093,735$4,037,181$9,808,347
44$11,777,672$5,273,467$4,102,566$10,647,436
45$12,906,933$5,459,805$4,167,940$11,567,142
46$14,149,108$5,653,004$4,233,234$12,575,534
47$15,515,644$5,853,328$4,298,374$13,681,495
48$17,019,152$6,061,052$4,363,281$14,894,811
49$18,673,525$6,276,464$4,427,871$16,226,259
50$20,494,075$6,499,862$4,492,056$17,687,712
51$22,497,671$6,731,555$4,555,739$19,292,246
52$24,702,899$6,971,866$4,618,822$21,054,266
53$27,130,240$7,221,133$4,681,198$22,989,639
54$29,802,261$7,479,705$4,742,755$25,115,845
55$32,743,827$7,747,946$4,803,372$27,452,140
56$35,982,337$8,026,235$4,862,925$30,019,737
57$39,547,983$8,314,968$4,921,280$32,842,006
58$43,474,031$8,614,555$4,978,297$35,944,692
59$47,797,138$8,925,425$5,033,826$39,356,159
60$52,557,699$9,248,023$5,087,712$43,107,657
61$57,800,222$9,582,814$5,139,788$47,233,615
62$63,573,754$9,930,281$5,189,881$51,771,964
63$69,932,341$10,290,929$5,237,805$56,764,497
64$76,935,536$10,665,281$5,283,368$62,257,258
65$84,648,965$11,053,884$5,326,366$68,300,982
66$93,144,944$11,457,308$5,366,583$74,951,565
67$102,503,158$11,876,146$5,403,793$82,270,597
68$112,811,419$12,311,017$5,437,760$90,325,939
69$124,166,490$12,762,563$5,468,231$99,192,361
70$136,675,001$13,231,457$5,494,945$108,952,251
71$150,454,450$13,718,398$5,517,625$119,696,388
72$165,634,319$14,224,115$5,535,981$131,524,798
73$182,357,291$14,749,367$5,549,707$144,547,696
74$200,780,596$15,294,948$5,558,484$158,886,527
75$221,077,499$15,861,682$5,561,975$174,675,111
76$243,438,930$16,450,430$5,559,827$192,060,901
77$268,075,290$17,062,091$5,551,671$211,206,378
78$295,218,434$17,697,598$5,537,117$232,290,578
79$325,123,863$18,357,929$5,515,759$255,510,787
80$358,073,130$19,044,100$5,487,169$281,084,395
81$394,376,500$19,757,172$5,450,901$309,250,950
82$434,375,882$20,498,253$5,406,485$340,274,415
83$478,448,050$21,268,495$5,353,429$374,445,662
84$527,008,202$22,069,102$5,291,220$412,085,210
85$580,513,881$22,901,330$5,219,318$453,546,253
86$639,469,290$23,766,489$5,137,159$499,217,991
87$704,430,056$24,665,945$5,044,152$549,529,299
88$776,008,469$25,601,124$4,939,679$604,952,778
89$854,879,267$26,573,513$4,823,092$666,009,211
90$941,786,000$27,584,663$4,693,714$733,272,476
91$1,037,548,056$28,636,195$4,550,837$807,374,963
92$1,143,068,388$29,729,799$4,393,720$889,013,540
93$1,259,342,042$30,867,238$4,221,588$978,956,131
94$1,387,465,550$32,050,352$4,033,631$1,078,048,957
95$1,528,647,280$33,281,064$3,829,002$1,187,224,529
96$1,684,218,845$34,561,378$3,606,816$1,307,510,443
97$1,855,647,670$35,893,388$3,366,147$1,440,039,078
98$2,044,550,848$37,279,279$3,106,028$1,586,058,285
99$2,252,710,404$38,721,334$2,825,450$1,746,943,163
100$2,482,090,119$40,221,933$2,523,356$1,924,209,034