Can I retire at age 30 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$224,615$222,614$220,662$218,757$216,897$212,257
2 years$111,196$109,125$107,118$105,172$103,284$98,632
3 years$73,394$71,314$69,312$67,384$65,528$61,009
4 years$54,497$52,423$50,442$48,547$46,735$42,384
5 years$43,162$41,101$39,145$37,289$35,527$31,357
6 years$35,607$33,562$31,635$29,820$28,111$24,125
7 years$30,213$28,185$26,289$24,517$22,862$19,062
8 years$26,170$24,160$22,295$20,566$18,966$15,350
9 years$23,027$21,035$19,203$17,518$15,972$12,538
10 years$20,513$18,542$16,741$15,101$13,609$10,352
11 years$18,458$16,507$14,739$13,142$11,704$8,621
12 years$16,747$14,815$13,080$11,527$10,143$7,229
13 years$15,300$13,389$11,686$10,177$8,845$6,095
14 years$14,061$12,170$10,500$9,034$7,753$5,162
15 years$12,988$11,118$9,480$8,057$6,827$4,388
16 years$12,051$10,200$8,595$7,214$6,033$3,742
17 years$11,224$9,394$7,821$6,482$5,350$3,199
18 years$10,490$8,680$7,140$5,841$4,757$2,741
19 years$9,834$8,045$6,536$5,278$4,240$2,353
20 years$9,244$7,476$5,999$4,780$3,787$2,023
21 years$8,712$6,963$5,518$4,338$3,389$1,742
22 years$8,228$6,500$5,085$3,945$3,038$1,501
23 years$7,787$6,079$4,695$3,592$2,727$1,295
24 years$7,383$5,696$4,342$3,277$2,451$1,119
25 years$7,013$5,345$4,022$2,992$2,205$967
26 years$6,671$5,024$3,730$2,736$1,987$836
27 years$6,355$4,728$3,464$2,504$1,791$723
28 years$6,062$4,455$3,220$2,295$1,616$626
29 years$5,790$4,203$2,997$2,104$1,459$542
30 years$5,537$3,969$2,791$1,931$1,319$469
31 years$5,300$3,752$2,602$1,774$1,192$407
32 years$5,079$3,550$2,428$1,630$1,078$352
33 years$4,871$3,362$2,267$1,499$976$305
34 years$4,676$3,187$2,118$1,379$884$265
35 years$4,493$3,023$1,980$1,270$800$230
36 years$4,320$2,869$1,852$1,169$725$199
37 years$4,157$2,725$1,734$1,077$657$173
38 years$4,003$2,589$1,624$993$596$150
39 years$3,857$2,462$1,521$916$540$130
40 years$3,719$2,343$1,426$844$490$113
41 years$3,588$2,230$1,337$779$445$98
42 years$3,463$2,124$1,254$719$403$85
43 years$3,345$2,024$1,177$664$366$74
44 years$3,232$1,929$1,105$613$332$64
45 years$3,124$1,839$1,037$566$302$55
46 years$3,022$1,755$974$523$274$48
47 years$2,924$1,674$915$483$249$42
48 years$2,831$1,599$860$446$226$36
49 years$2,741$1,526$808$412$205$31
50 years$2,656$1,458$760$381$186$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,720,000, adding $4,503 every year, while hoping to spend $41,208 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: 67/17/16 Blend
29$2,720,000$2,720,000$2,720,000$2,720,000
30$3,002,085$2,857,925$2,815,765$3,191,447
31$3,264,453$2,954,118$2,866,248$3,414,643
32$3,552,201$3,053,644$2,917,041$3,653,360
33$3,867,874$3,156,622$2,968,111$3,913,360
34$4,214,277$3,263,176$3,019,423$4,196,731
35$4,594,497$3,373,435$3,070,937$4,505,768
36$5,011,937$3,487,534$3,122,614$4,843,001
37$5,470,342$3,605,611$3,174,410$5,211,213
38$5,973,841$3,727,810$3,226,276$5,613,472
39$6,526,981$3,854,281$3,278,165$6,053,152
40$7,134,771$3,985,179$3,330,021$6,533,970
41$7,802,730$4,120,665$3,381,789$7,060,023
42$8,536,937$4,260,906$3,433,408$7,635,817
43$9,344,091$4,406,077$3,484,813$8,266,319
44$10,231,570$4,556,357$3,535,937$8,956,998
45$11,207,506$4,711,934$3,586,707$9,713,879
46$12,280,855$4,873,002$3,637,045$10,543,598
47$13,461,487$5,039,764$3,686,870$11,453,463
48$14,760,274$5,212,428$3,736,096$12,451,527
49$16,189,198$5,391,212$3,784,631$13,546,659
50$17,761,458$5,576,344$3,832,378$14,748,630
51$19,491,599$5,768,057$3,879,235$16,068,203
52$21,395,646$5,966,596$3,925,094$17,517,237
53$23,491,258$6,172,215$3,969,840$19,108,795
54$25,797,889$6,385,176$4,013,352$20,857,269
55$28,336,978$6,605,754$4,055,504$22,778,517
56$31,132,146$6,834,233$4,096,160$24,890,008
57$34,209,423$7,070,908$4,135,179$27,210,990
58$37,597,489$7,316,088$4,172,413$29,762,668
59$41,327,947$7,570,090$4,207,702$32,568,407
60$45,435,620$7,833,247$4,240,883$35,653,952
61$49,958,881$8,105,904$4,271,780$39,047,667
62$54,940,013$8,388,419$4,300,210$42,780,805
63$60,425,607$8,681,164$4,325,981$46,887,802
64$66,467,007$8,984,529$4,348,889$51,406,602
65$73,120,785$9,298,915$4,368,720$56,379,012
66$80,449,285$9,624,741$4,385,252$61,851,100
67$88,521,202$9,962,444$4,398,248$67,873,626
68$97,412,237$10,312,476$4,407,462$74,502,523
69$107,205,806$10,675,308$4,412,633$81,799,423
70$117,993,831$11,051,431$4,413,489$89,832,237
71$129,877,606$11,441,354$4,409,744$98,675,799
72$142,968,750$11,845,609$4,401,099$108,412,567
73$157,390,265$12,264,746$4,387,238$119,133,405
74$173,277,693$12,699,340$4,367,832$130,938,438
75$190,780,399$13,149,989$4,342,535$143,937,996
76$210,062,974$13,617,313$4,310,984$158,253,657
77$231,306,796$14,101,960$4,272,801$174,019,391
78$254,711,735$14,604,602$4,227,586$191,382,825
79$280,498,045$15,125,941$4,174,923$210,506,639
80$308,908,439$15,666,705$4,114,377$231,570,093
81$340,210,380$16,227,654$4,045,489$254,770,729
82$374,698,608$16,809,578$3,967,781$280,326,226
83$412,697,918$17,413,299$3,880,754$308,476,458
84$454,566,229$18,039,674$3,783,883$339,485,758
85$500,697,962$18,689,595$3,676,620$373,645,411
86$551,527,759$19,363,991$3,558,392$411,276,403
87$607,534,592$20,063,828$3,428,599$452,732,451
88$669,246,278$20,790,113$3,286,615$498,403,341
89$737,244,466$21,543,896$3,131,784$548,718,606
90$812,170,123$22,326,269$2,963,421$604,151,581
91$894,729,589$23,138,370$2,780,809$665,223,868
92$985,701,242$23,981,384$2,583,201$732,510,265
93$1,085,942,844$24,856,547$2,369,813$806,644,182
94$1,196,399,641$25,765,146$2,139,829$888,323,630
95$1,318,113,287$26,708,520$1,892,396$978,317,799
96$1,452,231,673$27,688,068$1,626,621$1,077,474,326
97$1,600,019,764$28,705,244$1,341,574$1,186,727,294
98$1,762,871,546$29,761,567$1,036,283$1,307,106,047
99$1,942,323,177$30,858,617$709,732$1,439,744,908
100$2,140,067,495$31,998,043$360,861$1,585,893,885