Can I retire at age 30 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$289,027$286,452$283,940$281,489$279,095$270,812
2 years$143,083$140,418$137,835$135,331$132,902$124,626
3 years$94,441$91,765$89,188$86,708$84,319$76,308
4 years$70,125$67,457$64,906$62,468$60,137$52,454
5 years$55,539$52,887$50,370$47,982$45,715$38,380
6 years$45,818$43,186$40,706$38,371$36,173$29,192
7 years$38,878$36,268$33,827$31,547$29,418$22,792
8 years$33,674$31,088$28,688$26,464$24,405$18,130
9 years$29,630$27,068$24,709$22,542$20,553$14,622
10 years$26,396$23,859$21,542$19,431$17,512$11,917
11 years$23,752$21,240$18,965$16,911$15,061$9,792
12 years$21,550$19,064$16,831$14,833$13,051$8,098
13 years$19,688$17,228$15,038$13,095$11,381$6,732
14 years$18,094$15,660$13,511$11,625$9,977$5,620
15 years$16,713$14,306$12,199$10,367$8,784$4,708
16 years$15,506$13,125$11,060$9,283$7,763$3,955
17 years$14,443$12,088$10,064$8,340$6,884$3,330
18 years$13,498$11,170$9,187$7,516$6,121$2,810
19 years$12,654$10,352$8,411$6,792$5,455$2,374
20 years$11,895$9,620$7,719$6,151$4,873$2,009
21 years$11,210$8,960$7,100$5,583$4,361$1,702
22 years$10,587$8,364$6,544$5,076$3,909$1,443
23 years$10,020$7,823$6,042$4,623$3,509$1,225
24 years$9,501$7,329$5,588$4,216$3,154$1,040
25 years$9,024$6,878$5,175$3,850$2,838$884
26 years$8,584$6,464$4,800$3,521$2,556$751
27 years$8,177$6,084$4,457$3,223$2,305$639
28 years$7,801$5,733$4,143$2,953$2,080$544
29 years$7,451$5,408$3,856$2,708$1,878$463
30 years$7,124$5,107$3,592$2,485$1,697$394
31 years$6,820$4,828$3,348$2,282$1,534$335
32 years$6,535$4,569$3,124$2,097$1,388$286
33 years$6,268$4,326$2,917$1,929$1,256$243
34 years$6,017$4,100$2,725$1,775$1,137$207
35 years$5,781$3,889$2,548$1,634$1,030$177
36 years$5,559$3,691$2,384$1,504$933$150
37 years$5,349$3,506$2,231$1,386$846$128
38 years$5,151$3,332$2,089$1,278$767$109
39 years$4,963$3,168$1,957$1,178$695$93
40 years$4,785$3,014$1,835$1,087$631$79
41 years$4,616$2,869$1,720$1,003$572$68
42 years$4,456$2,733$1,614$925$519$58
43 years$4,304$2,604$1,514$854$471$49
44 years$4,158$2,482$1,421$789$428$42
45 years$4,020$2,367$1,335$728$388$36
46 years$3,888$2,258$1,254$673$352$30
47 years$3,763$2,155$1,178$622$320$26
48 years$3,642$2,057$1,107$574$291$22
49 years$3,527$1,964$1,040$531$264$19
50 years$3,417$1,876$978$491$240$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $3,500,000, adding $2,886 every year, while hoping to spend $42,506 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: 52/21/27 Blend
29$3,500,000$3,500,000$3,500,000$3,500,000
30$3,859,977$3,674,477$3,620,227$4,031,362
31$4,208,468$3,809,300$3,696,278$4,285,473
32$4,591,082$3,949,305$3,773,453$4,557,205
33$5,011,252$4,094,701$3,851,744$4,851,962
34$5,472,763$4,245,705$3,931,141$5,171,957
35$5,979,786$4,402,546$4,011,635$5,519,625
36$6,536,912$4,565,458$4,093,212$5,897,649
37$7,149,201$4,734,690$4,175,859$6,308,978
38$7,822,228$4,910,497$4,259,558$6,756,858
39$8,562,133$5,093,150$4,344,292$7,244,863
40$9,375,683$5,282,927$4,430,038$7,776,924
41$10,270,331$5,480,119$4,516,773$8,357,372
42$11,254,292$5,685,031$4,604,471$8,990,973
43$12,336,612$5,897,980$4,693,104$9,682,974
44$13,527,262$6,119,297$4,782,638$10,439,152
45$14,837,226$6,349,326$4,873,040$11,265,867
46$16,278,607$6,588,427$4,964,271$12,170,125
47$17,864,741$6,836,976$5,056,290$13,159,637
48$19,610,320$7,095,364$5,149,052$14,242,899
49$21,531,535$7,363,999$5,242,507$15,429,262
50$23,646,224$7,643,307$5,336,604$16,729,030
51$25,974,044$7,933,734$5,431,284$18,153,547
52$28,536,652$8,235,742$5,526,488$19,715,311
53$31,357,913$8,549,816$5,622,148$21,428,086
54$34,464,125$8,876,461$5,718,194$23,307,031
55$37,884,262$9,216,205$5,814,551$25,368,847
56$41,650,255$9,569,597$5,911,137$27,631,929
57$45,797,286$9,937,213$6,007,864$30,116,541
58$50,364,123$10,319,650$6,104,642$32,845,005
59$55,393,487$10,717,536$6,201,370$35,841,911
60$60,932,450$11,131,523$6,297,944$39,134,350
61$67,032,886$11,562,293$6,394,251$42,752,166
62$73,751,954$12,010,559$6,490,172$46,728,236
63$81,152,640$12,477,064$6,585,580$51,098,785
64$89,304,354$12,962,584$6,680,341$55,903,719
65$98,283,578$13,467,930$6,774,312$61,187,005
66$108,174,593$13,993,949$6,867,342$66,997,085
67$119,070,274$14,541,525$6,959,270$73,387,329
68$131,072,963$15,111,581$7,049,927$80,416,540
69$144,295,438$15,705,082$7,139,133$88,149,506
70$158,861,976$16,323,034$7,226,697$96,657,614
71$174,909,526$16,966,491$7,312,420$106,019,515
72$192,589,001$17,636,552$7,396,089$116,321,872
73$212,066,701$18,334,365$7,477,479$127,660,174
74$233,525,885$19,061,130$7,556,356$140,139,634
75$257,168,500$19,818,100$7,632,469$153,876,181
76$283,217,086$20,606,585$7,705,555$168,997,556
77$311,916,875$21,427,955$7,775,338$185,644,511
78$343,538,110$22,283,638$7,841,525$203,972,141
79$378,378,590$23,175,130$7,903,810$224,151,340
80$416,766,487$24,103,992$7,961,868$246,370,417
81$459,063,438$25,071,856$8,015,359$270,836,870
82$505,667,961$26,080,429$8,063,926$297,779,343
83$557,019,217$27,131,494$8,107,192$327,449,780
84$613,601,154$28,226,915$8,144,760$360,125,804
85$675,947,077$29,368,639$8,176,215$396,113,334
86$744,644,681$30,558,704$8,201,120$435,749,468
87$820,341,597$31,799,239$8,219,015$479,405,667
88$903,751,507$33,092,469$8,229,420$527,491,257
89$995,660,883$34,440,723$8,231,828$580,457,288
90$1,096,936,407$35,846,432$8,225,708$638,800,794
91$1,208,533,156$37,312,142$8,210,504$703,069,475
92$1,331,503,613$38,840,512$8,185,632$773,866,873
93$1,467,007,609$40,434,325$8,150,478$851,858,059
94$1,616,323,268$42,096,490$8,104,402$937,775,910
95$1,780,859,072$43,830,049$8,046,730$1,032,428,028
96$1,962,167,159$45,638,183$7,976,757$1,136,704,352
97$2,161,957,976$47,524,220$7,893,744$1,251,585,567
98$2,382,116,423$49,491,640$7,796,919$1,378,152,346
99$2,624,719,652$51,544,085$7,685,470$1,517,595,558
100$2,892,056,672$53,685,360$7,558,548$1,671,227,499