Can I retire at age 30 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$230,396$228,343$226,341$224,387$222,479$214,756
2 years$114,057$111,933$109,874$107,878$105,942$98,241
3 years$75,283$73,149$71,096$69,119$67,214$59,777
4 years$55,899$53,773$51,740$49,796$47,938$40,822
5 years$44,272$42,158$40,152$38,248$36,441$29,665
6 years$36,524$34,425$32,449$30,587$28,835$22,403
7 years$30,991$28,910$26,965$25,148$23,450$17,363
8 years$26,843$24,782$22,869$21,096$19,454$13,705
9 years$23,619$21,577$19,697$17,969$16,383$10,966
10 years$21,041$19,019$17,172$15,489$13,960$8,864
11 years$18,933$16,931$15,118$13,480$12,006$7,223
12 years$17,178$15,197$13,417$11,824$10,404$5,922
13 years$15,694$13,733$11,987$10,439$9,072$4,880
14 years$14,423$12,483$10,770$9,266$7,953$4,037
15 years$13,323$11,404$9,724$8,264$7,002$3,351
16 years$12,361$10,463$8,816$7,400$6,189$2,789
17 years$11,513$9,636$8,023$6,648$5,487$2,326
18 years$10,760$8,904$7,324$5,992$4,879$1,943
19 years$10,087$8,252$6,704$5,414$4,349$1,626
20 years$9,482$7,668$6,153$4,903$3,884$1,362
21 years$8,936$7,143$5,660$4,450$3,476$1,143
22 years$8,440$6,667$5,216$4,046$3,116$959
23 years$7,987$6,236$4,816$3,685$2,797$806
24 years$7,573$5,843$4,454$3,361$2,514$677
25 years$7,193$5,483$4,125$3,069$2,262$569
26 years$6,843$5,153$3,826$2,806$2,038$479
27 years$6,519$4,850$3,553$2,569$1,837$403
28 years$6,218$4,570$3,303$2,354$1,658$339
29 years$5,939$4,311$3,074$2,158$1,497$286
30 years$5,679$4,071$2,863$1,981$1,353$241
31 years$5,436$3,849$2,669$1,819$1,223$203
32 years$5,209$3,642$2,490$1,672$1,106$171
33 years$4,996$3,449$2,325$1,537$1,001$144
34 years$4,797$3,269$2,173$1,415$906$121
35 years$4,608$3,100$2,031$1,302$821$102
36 years$4,431$2,943$1,900$1,199$744$86
37 years$4,264$2,795$1,778$1,105$674$73
38 years$4,106$2,656$1,665$1,018$611$61
39 years$3,956$2,526$1,560$939$554$52
40 years$3,814$2,403$1,463$866$503$44
41 years$3,680$2,287$1,371$799$456$37
42 years$3,552$2,178$1,286$738$414$31
43 years$3,431$2,076$1,207$681$376$26
44 years$3,315$1,978$1,133$629$341$22
45 years$3,205$1,887$1,064$581$309$19
46 years$3,100$1,800$999$536$281$16
47 years$2,999$1,718$939$495$255$13
48 years$2,903$1,640$882$458$232$11
49 years$2,812$1,566$829$423$210$9
50 years$2,724$1,496$780$391$191$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,790,000, adding $4,854 every year, while hoping to spend $23,068 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: 53/41/6 Blend
29$2,790,000$2,790,000$2,790,000$2,790,000
30$3,079,587$2,931,717$2,888,472$3,238,298
31$3,369,161$3,050,827$2,960,692$3,465,384
32$3,687,498$3,175,000$3,034,557$3,709,357
33$4,037,508$3,304,460$3,110,100$3,974,208
34$4,422,396$3,439,441$3,187,351$4,261,913
35$4,845,694$3,580,188$3,266,341$4,574,641
36$5,311,294$3,726,956$3,347,103$4,914,778
37$5,823,482$3,880,013$3,429,667$5,284,943
38$6,386,982$4,039,638$3,514,065$5,688,018
39$7,006,998$4,206,125$3,600,330$6,127,172
40$7,689,265$4,379,778$3,688,495$6,605,886
41$8,440,101$4,560,918$3,778,590$7,127,990
42$9,266,468$4,749,880$3,870,650$7,697,698
43$10,176,038$4,947,014$3,964,706$8,319,641
44$11,177,261$5,152,685$4,060,792$8,998,917
45$12,279,452$5,367,277$4,158,939$9,741,131
46$13,492,874$5,591,191$4,259,180$10,552,451
47$14,828,833$5,824,845$4,361,549$11,439,666
48$16,299,790$6,068,679$4,466,077$12,410,242
49$17,919,475$6,323,150$4,572,797$13,472,398
50$19,703,016$6,588,739$4,681,740$14,635,179
51$21,667,085$6,865,949$4,792,940$15,908,540
52$23,830,051$7,155,304$4,906,427$17,303,437
53$26,212,157$7,457,355$5,022,233$18,831,933
54$28,835,709$7,772,676$5,140,389$20,507,305
55$31,725,284$8,101,871$5,260,926$22,344,168
56$34,907,969$8,445,568$5,383,873$24,358,616
57$38,413,609$8,804,428$5,509,259$26,568,365
58$42,275,093$9,179,141$5,637,115$28,992,923
59$46,528,661$9,570,428$5,767,468$31,653,771
60$51,214,252$9,979,046$5,900,345$34,574,559
61$56,375,872$10,405,786$6,035,773$37,781,334
62$62,062,017$10,851,475$6,173,777$41,302,777
63$68,326,126$11,316,981$6,314,382$45,170,476
64$75,227,089$11,803,211$6,457,612$49,419,215
65$82,829,799$12,311,115$6,603,489$54,087,308
66$91,205,765$12,841,687$6,752,033$59,216,949
67$100,433,792$13,395,968$6,903,264$64,854,613
68$110,600,715$13,975,047$7,057,200$71,051,487
69$121,802,229$14,580,065$7,213,857$77,863,956
70$134,143,785$15,212,217$7,373,250$85,354,123
71$147,741,588$15,872,753$7,535,391$93,590,397
72$162,723,694$16,562,982$7,700,291$102,648,136
73$179,231,218$17,284,275$7,867,957$112,610,347
74$197,419,664$18,038,066$8,038,396$123,568,475
75$217,460,398$18,825,860$8,211,611$135,623,253
76$239,542,261$19,649,229$8,387,602$148,885,653
77$263,873,353$20,509,822$8,566,367$163,477,925
78$290,682,995$21,409,364$8,747,901$179,534,751
79$320,223,900$22,349,663$8,932,196$197,204,506
80$352,774,552$23,332,610$9,119,238$216,650,655
81$388,641,835$24,360,187$9,309,012$238,053,288
82$428,163,937$25,434,471$9,501,498$261,610,819
83$471,713,533$26,557,634$9,696,672$287,541,847
84$519,701,309$27,731,954$9,894,507$316,087,214
85$572,579,838$28,959,815$10,094,968$347,512,273
86$630,847,850$30,243,714$10,298,018$382,109,386
87$695,054,943$31,586,268$10,503,614$420,200,673
88$765,806,768$32,990,217$10,711,706$462,141,047
89$843,770,751$34,458,430$10,922,240$508,321,554
90$929,682,388$35,993,913$11,135,156$559,173,060
91$1,024,352,193$37,599,817$11,350,385$615,170,303
92$1,128,673,348$39,279,439$11,567,854$676,836,369
93$1,243,630,133$41,036,235$11,787,481$744,747,619
94$1,370,307,222$42,873,826$12,009,177$819,539,119
95$1,509,899,919$44,796,003$12,232,844$901,910,623
96$1,663,725,443$46,806,740$12,458,377$992,633,171
97$1,833,235,366$48,910,198$12,685,661$1,092,556,349
98$2,020,029,314$51,110,739$12,914,572$1,202,616,303
99$2,225,870,070$53,412,930$13,144,975$1,323,844,562
100$2,452,700,211$55,821,558$13,376,726$1,457,377,758