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%12.6%
1 years$280,769$278,268$275,828$273,446$271,121$268,178
2 years$138,994$136,406$133,897$131,465$129,105$126,142
3 years$91,743$89,143$86,640$84,231$81,910$79,018
4 years$68,121$65,529$63,052$60,683$58,419$55,621
5 years$53,952$51,376$48,931$46,611$44,409$41,714
6 years$44,509$41,952$39,543$37,275$35,139$32,550
7 years$37,767$35,231$32,861$30,646$28,578$26,094
8 years$32,712$30,200$27,869$25,708$23,708$21,331
9 years$28,783$26,294$24,003$21,897$19,965$17,694
10 years$25,642$23,177$20,926$18,876$17,012$14,844
11 years$23,073$20,633$18,423$16,428$14,631$12,566
12 years$20,934$18,519$16,350$14,409$12,679$10,714
13 years$19,126$16,736$14,608$12,721$11,056$9,189
14 years$17,577$15,213$13,125$11,292$9,692$7,920
15 years$16,236$13,897$11,850$10,071$8,533$6,854
16 years$15,063$12,750$10,744$9,017$7,542$5,952
17 years$14,030$11,742$9,777$8,102$6,687$5,183
18 years$13,112$10,851$8,925$7,302$5,946$4,526
19 years$12,293$10,056$8,170$6,598$5,300$3,960
20 years$11,556$9,345$7,498$5,975$4,734$3,471
21 years$10,890$8,704$6,897$5,423$4,236$3,048
22 years$10,285$8,125$6,357$4,931$3,797$2,680
23 years$9,734$7,599$5,869$4,491$3,408$2,359
24 years$9,229$7,120$5,428$4,096$3,064$2,079
25 years$8,766$6,682$5,027$3,740$2,757$1,834
26 years$8,339$6,280$4,663$3,420$2,483$1,619
27 years$7,944$5,910$4,330$3,130$2,239$1,430
28 years$7,578$5,569$4,025$2,868$2,020$1,264
29 years$7,238$5,254$3,746$2,630$1,824$1,118
30 years$6,921$4,962$3,489$2,414$1,648$989
31 years$6,625$4,690$3,253$2,217$1,490$875
32 years$6,348$4,438$3,035$2,037$1,348$775
33 years$6,089$4,203$2,834$1,874$1,220$687
34 years$5,845$3,983$2,648$1,724$1,104$608
35 years$5,616$3,778$2,475$1,587$1,000$539
36 years$5,400$3,586$2,316$1,461$906$478
37 years$5,196$3,406$2,167$1,347$821$424
38 years$5,003$3,237$2,030$1,241$745$376
39 years$4,821$3,078$1,901$1,144$675$333
40 years$4,648$2,928$1,782$1,056$613$296
41 years$4,484$2,788$1,671$974$556$262
42 years$4,329$2,655$1,568$899$504$233
43 years$4,181$2,529$1,471$830$458$207
44 years$4,040$2,411$1,381$766$415$183
45 years$3,905$2,299$1,297$707$377$163
46 years$3,777$2,193$1,218$654$342$145
47 years$3,655$2,093$1,144$604$311$128
48 years$3,538$1,998$1,075$558$282$114
49 years$3,426$1,908$1,011$516$256$101
50 years$3,320$1,823$950$477$233$90

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 $2,425 every year, while hoping to spend $36,267 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: 47/34/19 Blend
29$3,400,000$3,400,000$3,400,000$3,400,000
30$3,749,301$3,569,101$3,516,401$3,905,190
31$4,093,142$3,705,400$3,595,613$4,150,361
32$4,470,840$3,847,161$3,676,263$4,412,469
33$4,885,808$3,994,615$3,758,360$4,696,199
34$5,341,810$4,148,000$3,841,915$5,003,586
35$5,842,990$4,307,568$3,926,935$5,336,868
36$6,393,915$4,473,578$4,013,427$5,698,505
37$6,999,614$4,646,303$4,101,396$6,091,200
38$7,665,631$4,826,028$4,190,849$6,517,926
39$8,398,071$5,013,049$4,281,788$6,981,954
40$9,203,662$5,207,677$4,374,216$7,486,878
41$10,089,816$5,410,234$4,468,133$8,036,653
42$11,064,701$5,621,059$4,563,539$8,635,629
43$12,137,314$5,840,505$4,660,432$9,288,594
44$13,317,571$6,068,940$4,758,806$10,000,812
45$14,616,394$6,306,749$4,858,658$10,778,078
46$16,045,821$6,554,334$4,959,977$11,626,768
47$17,619,114$6,812,116$5,062,756$12,553,899
48$19,350,886$7,080,532$5,166,981$13,567,194
49$21,257,240$7,360,041$5,272,638$14,675,154
50$23,355,917$7,651,122$5,379,710$15,887,136
51$25,666,469$7,954,275$5,488,179$17,213,441
52$28,210,436$8,270,023$5,598,020$18,665,407
53$31,011,557$8,598,910$5,709,210$20,255,520
54$34,095,987$8,941,508$5,821,720$21,997,524
55$37,492,549$9,298,413$5,935,519$23,906,555
56$41,233,001$9,670,247$6,050,571$25,999,277
57$45,352,340$10,057,662$6,166,838$28,294,041
58$49,889,129$10,461,338$6,284,277$30,811,055
59$54,885,862$10,881,986$6,402,843$33,572,573
60$60,389,366$11,320,349$6,522,483$36,603,103
61$66,451,239$11,777,203$6,643,144$39,929,636
62$73,128,341$12,253,362$6,764,765$43,581,902
63$80,483,328$12,749,673$6,887,281$47,592,642
64$88,585,245$13,267,024$7,010,622$51,997,920
65$97,510,174$13,806,343$7,134,713$56,837,458
66$107,341,957$14,368,599$7,259,471$62,155,012
67$118,172,984$14,954,807$7,384,810$67,998,778
68$130,105,062$15,566,027$7,510,635$74,421,848
69$143,250,383$16,203,367$7,636,846$81,482,704
70$157,732,577$16,867,987$7,763,336$89,245,774
71$173,687,881$17,561,099$7,889,988$97,782,028
72$191,266,422$18,283,970$8,016,680$107,169,653
73$210,633,640$19,037,927$8,143,282$117,494,784
74$231,971,842$19,824,357$8,269,652$128,852,313
75$255,481,928$20,644,709$8,395,644$141,346,781
76$281,385,286$21,500,500$8,521,099$155,093,365
77$309,925,878$22,393,318$8,645,849$170,218,957
78$341,372,548$23,324,821$8,769,716$186,863,357
79$376,021,557$24,296,746$8,892,510$205,180,595
80$414,199,379$25,310,910$9,014,032$225,340,372
81$456,265,782$26,369,211$9,134,069$247,529,665
82$502,617,228$27,473,639$9,252,396$271,954,480
83$553,690,610$28,626,271$9,368,776$298,841,797
84$609,967,379$29,829,286$9,482,957$328,441,708
85$671,978,089$31,084,958$9,594,673$361,029,767
86$740,307,404$32,395,670$9,703,644$396,909,589
87$815,599,616$33,763,915$9,809,574$436,415,712
88$898,564,731$35,192,302$9,912,149$479,916,744
89$989,985,168$36,683,558$10,011,039$527,818,840
90$1,090,723,144$38,240,542$10,105,898$580,569,529
91$1,201,728,818$39,866,241$10,196,359$638,661,931
92$1,324,049,255$41,563,785$10,282,035$702,639,403
93$1,458,838,317$43,336,448$10,362,521$773,100,664
94$1,607,367,548$45,187,656$10,437,388$850,705,437
95$1,771,038,183$47,120,997$10,506,186$936,180,670
96$1,951,394,377$49,140,225$10,568,442$1,030,327,387
97$2,150,137,776$51,249,269$10,623,658$1,134,028,245
98$2,369,143,590$53,452,244$10,671,311$1,248,255,854
99$2,610,478,287$55,753,455$10,710,851$1,374,081,950
100$2,876,419,107$58,157,409$10,741,699$1,512,687,502