Can I retire at age 30 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$280,769$278,268$275,828$273,446$271,121$262,127
2 years$138,994$136,406$133,897$131,465$129,105$120,132
3 years$91,743$89,143$86,640$84,231$81,910$73,238
4 years$68,121$65,529$63,052$60,683$58,419$50,115
5 years$53,952$51,376$48,931$46,611$44,409$36,495
6 years$44,509$41,952$39,543$37,275$35,139$27,622
7 years$37,767$35,231$32,861$30,646$28,578$21,456
8 years$32,712$30,200$27,869$25,708$23,708$16,977
9 years$28,783$26,294$24,003$21,897$19,965$13,617
10 years$25,642$23,177$20,926$18,876$17,012$11,035
11 years$23,073$20,633$18,423$16,428$14,631$9,015
12 years$20,934$18,519$16,350$14,409$12,679$7,411
13 years$19,126$16,736$14,608$12,721$11,056$6,124
14 years$17,577$15,213$13,125$11,292$9,692$5,080
15 years$16,236$13,897$11,850$10,071$8,533$4,229
16 years$15,063$12,750$10,744$9,017$7,542$3,529
17 years$14,030$11,742$9,777$8,102$6,687$2,952
18 years$13,112$10,851$8,925$7,302$5,946$2,474
19 years$12,293$10,056$8,170$6,598$5,300$2,077
20 years$11,556$9,345$7,498$5,975$4,734$1,745
21 years$10,890$8,704$6,897$5,423$4,236$1,468
22 years$10,285$8,125$6,357$4,931$3,797$1,236
23 years$9,734$7,599$5,869$4,491$3,408$1,042
24 years$9,229$7,120$5,428$4,096$3,064$878
25 years$8,766$6,682$5,027$3,740$2,757$741
26 years$8,339$6,280$4,663$3,420$2,483$625
27 years$7,944$5,910$4,330$3,130$2,239$528
28 years$7,578$5,569$4,025$2,868$2,020$446
29 years$7,238$5,254$3,746$2,630$1,824$377
30 years$6,921$4,962$3,489$2,414$1,648$318
31 years$6,625$4,690$3,253$2,217$1,490$269
32 years$6,348$4,438$3,035$2,037$1,348$227
33 years$6,089$4,203$2,834$1,874$1,220$192
34 years$5,845$3,983$2,648$1,724$1,104$163
35 years$5,616$3,778$2,475$1,587$1,000$137
36 years$5,400$3,586$2,316$1,461$906$116
37 years$5,196$3,406$2,167$1,347$821$98
38 years$5,003$3,237$2,030$1,241$745$83
39 years$4,821$3,078$1,901$1,144$675$70
40 years$4,648$2,928$1,782$1,056$613$59
41 years$4,484$2,788$1,671$974$556$50
42 years$4,329$2,655$1,568$899$504$43
43 years$4,181$2,529$1,471$830$458$36
44 years$4,040$2,411$1,381$766$415$30
45 years$3,905$2,299$1,297$707$377$26
46 years$3,777$2,193$1,218$654$342$22
47 years$3,655$2,093$1,144$604$311$18
48 years$3,538$1,998$1,075$558$282$16
49 years$3,426$1,908$1,011$516$256$13
50 years$3,320$1,823$950$477$233$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $3,400,000, adding $5,523 every year, while hoping to spend $57,072 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: 53/37/10 Blend
29$3,400,000$3,400,000$3,400,000$3,400,000
30$3,752,497$3,572,297$3,519,597$3,941,519
31$4,074,528$3,686,615$3,576,779$4,184,902
32$4,427,492$3,804,623$3,633,964$4,442,911
33$4,814,487$3,926,439$3,691,092$4,722,273
34$5,238,919$4,052,189$3,748,099$5,025,020
35$5,704,544$4,182,002$3,804,915$5,353,387
36$6,215,497$4,316,010$3,861,470$5,709,836
37$6,776,334$4,454,351$3,917,685$6,097,071
38$7,392,073$4,597,166$3,973,480$6,518,071
39$8,068,240$4,744,603$4,028,767$6,976,111
40$8,810,925$4,896,813$4,083,455$7,474,798
41$9,626,834$5,053,952$4,137,447$8,018,100
42$10,523,359$5,216,183$4,190,638$8,610,385
43$11,508,638$5,383,673$4,242,921$9,256,461
44$12,591,641$5,556,594$4,294,181$9,961,623
45$13,782,247$5,735,126$4,344,294$10,731,697
46$15,091,342$5,919,453$4,393,134$11,573,101
47$16,530,919$6,109,766$4,440,564$12,492,898
48$18,114,190$6,306,263$4,486,441$13,498,869
49$19,855,715$6,509,147$4,530,614$14,599,580
50$21,771,533$6,718,630$4,572,925$15,804,464
51$23,879,316$6,934,929$4,613,204$17,123,911
52$26,198,535$7,158,270$4,651,276$18,569,364
53$28,750,647$7,388,886$4,686,954$20,153,423
54$31,559,289$7,627,018$4,720,044$21,889,971
55$34,650,510$7,872,915$4,750,338$23,794,295
56$38,053,008$8,126,834$4,777,621$25,883,235
57$41,798,408$8,389,042$4,801,664$28,175,343
58$45,921,554$8,659,814$4,822,228$30,691,051
59$50,460,842$8,939,434$4,839,063$33,452,870
60$55,458,579$9,228,197$4,851,902$36,485,598
61$60,961,383$9,526,408$4,860,470$39,816,551
62$67,020,623$9,834,381$4,864,475$43,475,824
63$73,692,903$10,152,442$4,863,611$47,496,574
64$81,040,595$10,480,928$4,857,558$51,915,326
65$89,132,428$10,820,186$4,845,979$56,772,324
66$98,044,138$11,170,577$4,828,521$62,111,905
67$107,859,178$11,532,474$4,804,815$67,982,918
68$118,669,511$11,906,261$4,774,473$74,439,184
69$130,576,471$12,292,338$4,737,088$81,540,003
70$143,691,726$12,691,117$4,692,235$89,350,711
71$158,138,324$13,103,025$4,639,467$97,943,296
72$174,051,863$13,528,502$4,578,319$107,397,077
73$191,581,760$13,968,006$4,508,299$117,799,453
74$210,892,669$14,422,009$4,428,898$129,246,720
75$232,166,033$14,890,999$4,339,577$141,844,987
76$255,601,793$15,375,482$4,239,778$155,711,171
77$281,420,278$15,875,982$4,128,912$170,974,099
78$309,864,281$16,393,041$4,006,366$187,775,727
79$341,201,356$16,927,218$3,871,497$206,272,471
80$375,726,336$17,479,093$3,723,634$226,636,689
81$413,764,121$18,049,267$3,562,074$249,058,302
82$455,672,742$18,638,362$3,386,084$273,746,589
83$501,846,739$19,247,019$3,194,896$300,932,156
84$552,720,889$19,875,905$2,987,707$330,869,113
85$608,774,304$20,525,709$2,763,679$363,837,473
86$670,534,958$21,197,143$2,521,937$400,145,792
87$738,584,667$21,890,947$2,261,565$440,134,077
88$813,564,583$22,607,884$1,981,608$484,176,999
89$896,181,246$23,348,745$1,681,067$532,687,423
90$987,213,250$24,114,351$1,358,900$586,120,307
91$1,087,518,596$24,905,549$1,014,018$644,976,992
92$1,198,042,790$25,723,218$645,285$709,809,935
93$1,319,827,767$26,568,268$251,514$781,227,920
94$1,454,021,726$27,441,640$0$859,901,802
95$1,601,889,973$28,344,311$0$946,588,844
96$1,764,826,858$29,277,290$0$1,042,115,491
97$1,944,368,945$30,241,625$0$1,147,352,731
98$2,142,209,513$31,238,400$0$1,263,289,958
99$2,360,214,538$32,268,736$0$1,391,017,453
100$2,600,440,316$33,333,799$0$1,531,736,665