Can I retire at age 30 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$226,267$224,251$222,285$220,366$218,491$211,837
2 years$112,013$109,927$107,905$105,945$104,044$97,396
3 years$73,934$71,839$69,822$67,880$66,010$59,578
4 years$54,898$52,809$50,812$48,904$47,079$40,912
5 years$43,479$41,403$39,433$37,563$35,788$29,904
6 years$35,869$33,809$31,867$30,039$28,318$22,720
7 years$30,436$28,392$26,482$24,697$23,030$17,719
8 years$26,362$24,337$22,459$20,718$19,106$14,078
9 years$23,196$21,190$19,344$17,647$16,090$11,340
10 years$20,664$18,678$16,864$15,212$13,709$9,230
11 years$18,594$16,628$14,847$13,239$11,790$7,575
12 years$16,870$14,924$13,176$11,612$10,217$6,256
13 years$15,413$13,487$11,772$10,252$8,910$5,194
14 years$14,165$12,260$10,577$9,100$7,810$4,330
15 years$13,084$11,199$9,550$8,116$6,877$3,622
16 years$12,139$10,275$8,658$7,267$6,078$3,038
17 years$11,307$9,463$7,879$6,529$5,389$2,555
18 years$10,567$8,744$7,192$5,884$4,792$2,152
19 years$9,906$8,104$6,584$5,317$4,271$1,816
20 years$9,312$7,531$6,043$4,815$3,815$1,534
21 years$8,776$7,015$5,558$4,370$3,414$1,298
22 years$8,288$6,548$5,123$3,974$3,060$1,099
23 years$7,844$6,124$4,730$3,619$2,747$931
24 years$7,438$5,738$4,374$3,301$2,469$789
25 years$7,064$5,385$4,052$3,014$2,222$670
26 years$6,720$5,061$3,758$2,756$2,001$568
27 years$6,402$4,763$3,489$2,523$1,804$483
28 years$6,107$4,488$3,244$2,311$1,628$410
29 years$5,833$4,234$3,019$2,120$1,470$348
30 years$5,577$3,998$2,812$1,945$1,328$296
31 years$5,339$3,780$2,621$1,787$1,201$252
32 years$5,116$3,576$2,446$1,642$1,086$214
33 years$4,907$3,387$2,284$1,510$983$182
34 years$4,711$3,210$2,134$1,389$890$155
35 years$4,526$3,045$1,995$1,279$806$132
36 years$4,352$2,890$1,866$1,178$730$112
37 years$4,187$2,745$1,747$1,085$662$95
38 years$4,032$2,608$1,636$1,000$600$81
39 years$3,885$2,480$1,532$922$544$69
40 years$3,746$2,360$1,436$851$494$59
41 years$3,614$2,246$1,347$785$448$50
42 years$3,488$2,139$1,263$724$406$42
43 years$3,369$2,038$1,185$669$369$36
44 years$3,256$1,943$1,113$617$335$31
45 years$3,147$1,853$1,045$570$304$26
46 years$3,044$1,768$981$527$276$22
47 years$2,946$1,687$922$487$251$19
48 years$2,851$1,610$866$450$228$16
49 years$2,761$1,538$814$416$207$14
50 years$2,675$1,469$766$384$188$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,740,000, adding $3,699 every year, while hoping to spend $48,906 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: 34/49/17 Blend
29$2,740,000$2,740,000$2,740,000$2,740,000
30$3,023,296$2,878,076$2,835,606$3,110,084
31$3,279,636$2,967,066$2,878,563$3,263,015
32$3,560,484$3,058,777$2,921,320$3,423,001
33$3,868,288$3,153,292$2,963,819$3,594,486
34$4,205,744$3,250,694$3,005,997$3,778,513
35$4,575,821$3,351,069$3,047,789$3,976,226
36$4,981,791$3,454,507$3,089,126$4,188,885
37$5,427,256$3,561,100$3,129,934$4,417,875
38$5,916,183$3,670,942$3,170,134$4,664,716
39$6,452,945$3,784,129$3,209,645$4,931,082
40$7,042,356$3,900,761$3,248,378$5,218,813
41$7,689,719$4,020,942$3,286,242$5,529,933
42$8,400,879$4,144,776$3,323,139$5,866,669
43$9,182,271$4,272,373$3,358,967$6,231,471
44$10,040,988$4,403,844$3,393,617$6,627,033
45$10,984,840$4,539,304$3,426,975$7,056,321
46$12,022,434$4,678,871$3,458,920$7,522,602
47$13,163,254$4,822,666$3,489,325$8,029,466
48$14,417,745$4,970,816$3,518,056$8,580,871
49$15,797,416$5,123,447$3,544,972$9,181,168
50$17,314,950$5,280,694$3,569,926$9,835,152
51$18,984,317$5,442,690$3,592,761$10,548,101
52$20,820,912$5,609,576$3,613,313$11,325,824
53$22,841,695$5,781,496$3,631,409$12,174,722
54$25,065,356$5,958,597$3,646,869$13,101,840
55$27,512,485$6,141,031$3,659,502$14,114,938
56$30,205,771$6,328,954$3,669,108$15,222,562
57$33,170,213$6,522,526$3,675,476$16,434,125
58$36,433,356$6,721,911$3,678,386$17,759,994
59$40,025,554$6,927,280$3,677,607$19,211,587
60$43,980,249$7,138,805$3,672,896$20,801,482
61$48,334,294$7,356,667$3,663,998$22,543,534
62$53,128,295$7,581,047$3,650,645$24,453,006
63$58,406,998$7,812,135$3,632,558$26,546,710
64$64,219,706$8,050,124$3,609,443$28,843,168
65$70,620,749$8,295,213$3,580,993$31,362,784
66$77,669,994$8,547,606$3,546,884$34,128,038
67$85,433,408$8,807,514$3,506,779$37,163,695
68$93,983,684$9,075,150$3,460,325$40,497,041
69$103,400,925$9,350,737$3,407,151$44,158,138
70$113,773,397$9,634,502$3,346,869$48,180,105
71$125,198,368$9,926,676$3,279,073$52,599,436
72$137,783,018$10,227,500$3,203,338$57,456,338
73$151,645,456$10,537,218$3,119,221$62,795,112
74$166,915,834$10,856,083$3,026,255$68,664,571
75$183,737,569$11,184,351$2,923,956$75,118,499
76$202,268,706$11,522,290$2,811,813$82,216,159
77$222,683,401$11,870,169$2,689,295$90,022,851
78$245,173,568$12,228,267$2,555,847$98,610,526
79$269,950,691$12,596,871$2,410,887$108,058,469
80$297,247,817$12,976,273$2,253,807$118,454,043
81$327,321,758$13,366,774$2,083,973$129,893,512
82$360,455,513$13,768,682$1,900,722$142,482,952
83$396,960,939$14,182,311$1,703,360$156,339,253
84$437,181,696$14,607,985$1,491,163$171,591,214
85$481,496,488$15,046,036$1,263,377$188,380,769
86$530,322,641$15,496,802$1,019,211$206,864,314
87$584,120,037$15,960,632$757,841$227,214,195
88$643,395,458$16,437,881$478,406$249,620,325
89$708,707,370$16,928,913$180,008$274,291,979
90$780,671,194$17,434,101$0$301,459,770
91$859,965,110$17,953,827$0$331,402,936
92$947,336,468$18,488,481$0$364,412,881
93$1,043,608,835$19,038,463$0$400,765,698
94$1,149,689,770$19,604,182$0$440,801,639
95$1,266,579,395$20,186,055$0$484,895,646
96$1,395,379,832$20,784,511$0$533,460,877
97$1,537,305,607$21,399,984$0$586,952,617
98$1,693,695,118$22,032,922$0$645,872,562
99$1,866,023,266$22,683,781$0$710,773,563
100$2,055,915,379$23,353,027$0$782,264,836