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

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$280,769$278,268$275,828$273,446$271,121$269,638
2 years$138,994$136,406$133,897$131,465$129,105$127,609
3 years$91,743$89,143$86,640$84,231$81,910$80,447
4 years$68,121$65,529$63,052$60,683$58,419$57,000
5 years$53,952$51,376$48,931$46,611$44,409$43,038
6 years$44,509$41,952$39,543$37,275$35,139$33,819
7 years$37,767$35,231$32,861$30,646$28,578$27,308
8 years$32,712$30,200$27,869$25,708$23,708$22,489
9 years$28,783$26,294$24,003$21,897$19,965$18,797
10 years$25,642$23,177$20,926$18,876$17,012$15,893
11 years$23,073$20,633$18,423$16,428$14,631$13,562
12 years$20,934$18,519$16,350$14,409$12,679$11,658
13 years$19,126$16,736$14,608$12,721$11,056$10,083
14 years$17,577$15,213$13,125$11,292$9,692$8,764
15 years$16,236$13,897$11,850$10,071$8,533$7,651
16 years$15,063$12,750$10,744$9,017$7,542$6,703
17 years$14,030$11,742$9,777$8,102$6,687$5,891
18 years$13,112$10,851$8,925$7,302$5,946$5,191
19 years$12,293$10,056$8,170$6,598$5,300$4,585
20 years$11,556$9,345$7,498$5,975$4,734$4,057
21 years$10,890$8,704$6,897$5,423$4,236$3,597
22 years$10,285$8,125$6,357$4,931$3,797$3,193
23 years$9,734$7,599$5,869$4,491$3,408$2,839
24 years$9,229$7,120$5,428$4,096$3,064$2,527
25 years$8,766$6,682$5,027$3,740$2,757$2,251
26 years$8,339$6,280$4,663$3,420$2,483$2,008
27 years$7,944$5,910$4,330$3,130$2,239$1,792
28 years$7,578$5,569$4,025$2,868$2,020$1,600
29 years$7,238$5,254$3,746$2,630$1,824$1,430
30 years$6,921$4,962$3,489$2,414$1,648$1,279
31 years$6,625$4,690$3,253$2,217$1,490$1,144
32 years$6,348$4,438$3,035$2,037$1,348$1,024
33 years$6,089$4,203$2,834$1,874$1,220$917
34 years$5,845$3,983$2,648$1,724$1,104$821
35 years$5,616$3,778$2,475$1,587$1,000$736
36 years$5,400$3,586$2,316$1,461$906$660
37 years$5,196$3,406$2,167$1,347$821$591
38 years$5,003$3,237$2,030$1,241$745$530
39 years$4,821$3,078$1,901$1,144$675$476
40 years$4,648$2,928$1,782$1,056$613$427
41 years$4,484$2,788$1,671$974$556$383
42 years$4,329$2,655$1,568$899$504$344
43 years$4,181$2,529$1,471$830$458$308
44 years$4,040$2,411$1,381$766$415$277
45 years$3,905$2,299$1,297$707$377$248
46 years$3,777$2,193$1,218$654$342$223
47 years$3,655$2,093$1,144$604$311$200
48 years$3,538$1,998$1,075$558$282$180
49 years$3,426$1,908$1,011$516$256$161
50 years$3,320$1,823$950$477$233$145

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 $4,924 every year, while hoping to spend $27,415 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: 53/30/17 Blend
29$3,400,000$3,400,000$3,400,000$3,400,000
30$3,751,879$3,571,679$3,518,979$3,933,219
31$4,105,401$3,717,522$3,607,696$4,203,731
32$4,494,064$3,869,592$3,698,465$4,494,606
33$4,921,423$4,028,167$3,791,328$4,810,498
34$5,391,394$4,193,533$3,886,324$5,153,794
35$5,908,295$4,365,994$3,983,494$5,527,115
36$6,476,878$4,545,866$4,082,878$5,933,347
37$7,102,385$4,733,478$4,184,520$6,375,659
38$7,790,586$4,929,176$4,288,459$6,857,541
39$8,547,842$5,133,322$4,394,739$7,382,826
40$9,381,161$5,346,294$4,503,401$7,955,736
41$10,298,264$5,568,487$4,614,490$8,580,911
42$11,307,658$5,800,314$4,728,046$9,263,458
43$12,418,718$6,042,208$4,844,115$10,008,997
44$13,641,773$6,294,622$4,962,738$10,823,710
45$14,988,204$6,558,029$5,083,961$11,714,401
46$16,470,553$6,832,925$5,207,825$12,688,560
47$18,102,639$7,119,827$5,334,377$13,754,427
48$19,899,688$7,419,279$5,463,658$14,921,076
49$21,878,479$7,731,846$5,595,714$16,198,491
50$24,057,501$8,058,124$5,730,588$17,597,667
51$26,457,127$8,398,733$5,868,323$19,130,705
52$29,099,807$8,754,324$6,008,965$20,810,930
53$32,010,277$9,125,576$6,152,555$22,653,011
54$35,215,798$9,513,201$6,299,138$24,673,103
55$38,746,407$9,917,945$6,448,757$26,888,990
56$42,635,203$10,340,588$6,601,453$29,320,258
57$46,918,662$10,781,944$6,757,269$31,988,474
58$51,636,975$11,242,870$6,916,248$34,917,390
59$56,834,434$11,724,257$7,078,429$38,133,163
60$62,559,843$12,227,043$7,243,854$41,664,600
61$68,866,986$12,752,207$7,412,562$45,543,429
62$75,815,128$13,300,775$7,584,592$49,804,593
63$83,469,577$13,873,818$7,759,982$54,486,581
64$91,902,301$14,472,463$7,938,768$59,631,787
65$101,192,606$15,097,883$8,120,987$65,286,908
66$111,427,884$15,751,312$8,306,673$71,503,379
67$122,704,440$16,434,039$8,495,858$78,337,860
68$135,128,399$17,147,412$8,688,575$85,852,764
69$148,816,707$17,892,847$8,884,854$94,116,846
70$163,898,236$18,671,821$9,084,721$103,205,846
71$180,515,001$19,485,886$9,288,205$113,203,200
72$198,823,500$20,336,663$9,495,328$124,200,828
73$218,996,188$21,225,851$9,706,113$136,299,994
74$241,223,111$22,155,228$9,920,579$149,612,258
75$265,713,692$23,126,659$10,138,743$164,260,526
76$292,698,717$24,142,093$10,360,619$180,380,207
77$322,432,504$25,203,574$10,586,218$198,120,484
78$355,195,311$26,313,241$10,815,548$217,645,718
79$391,295,977$27,473,334$11,048,613$239,136,996
80$431,074,840$28,686,200$11,285,414$262,793,836
81$474,906,946$29,954,296$11,525,948$288,836,059
82$523,205,595$31,280,198$11,770,208$317,505,867
83$576,426,238$32,666,600$12,018,182$349,070,117
84$635,070,778$34,116,326$12,269,854$383,822,836
85$699,692,305$35,632,334$12,525,203$422,087,991
86$770,900,324$37,217,723$12,784,201$464,222,538
87$849,366,503$38,875,736$13,046,817$510,619,788
88$935,831,013$40,609,775$13,313,013$561,713,110
89$1,031,109,521$42,423,398$13,582,743$617,980,014
90$1,136,100,885$44,320,338$13,855,958$679,946,652
91$1,251,795,641$46,304,500$14,132,598$748,192,778
92$1,379,285,355$48,379,979$14,412,599$823,357,208
93$1,519,772,926$50,551,063$14,695,886$906,143,845
94$1,674,583,944$52,822,244$14,982,378$997,328,312
95$1,845,179,203$55,198,231$15,271,984$1,097,765,267
96$2,033,168,490$57,683,953$15,564,604$1,208,396,457
97$2,240,325,787$60,284,577$15,860,128$1,330,259,599
98$2,468,606,012$63,005,516$16,158,438$1,464,498,169
99$2,720,163,481$65,852,442$16,459,401$1,612,372,175
100$2,997,372,240$68,831,296$16,762,875$1,775,270,051