Can I retire at age 30 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$231,221$229,162$227,152$225,191$223,276$218,055
2 years$114,466$112,334$110,268$108,265$106,322$101,092
3 years$75,553$73,412$71,351$69,366$67,455$62,379
4 years$56,100$53,965$51,925$49,975$48,109$43,227
5 years$44,431$42,309$40,296$38,385$36,572$31,896
6 years$36,655$34,549$32,565$30,697$28,938$24,474
7 years$31,102$29,014$27,062$25,238$23,535$19,282
8 years$26,940$24,870$22,951$21,171$19,524$15,482
9 years$23,704$21,654$19,767$18,033$16,442$12,608
10 years$21,117$19,087$17,234$15,545$14,010$10,378
11 years$19,001$16,992$15,172$13,529$12,049$8,616
12 years$17,240$15,251$13,465$11,866$10,441$7,201
13 years$15,750$13,783$12,030$10,476$9,105$6,051
14 years$14,475$12,528$10,809$9,300$7,981$5,107
15 years$13,370$11,445$9,759$8,294$7,027$4,327
16 years$12,405$10,500$8,848$7,426$6,211$3,676
17 years$11,554$9,670$8,051$6,672$5,507$3,132
18 years$10,799$8,936$7,350$6,013$4,896$2,674
19 years$10,123$8,282$6,728$5,433$4,364$2,287
20 years$9,516$7,696$6,175$4,921$3,898$1,959
21 years$8,968$7,168$5,680$4,466$3,489$1,680
22 years$8,470$6,691$5,235$4,061$3,127$1,442
23 years$8,016$6,258$4,833$3,698$2,807$1,239
24 years$7,601$5,864$4,470$3,373$2,523$1,066
25 years$7,219$5,503$4,140$3,080$2,270$918
26 years$6,867$5,172$3,840$2,816$2,045$790
27 years$6,542$4,867$3,566$2,578$1,844$681
28 years$6,241$4,586$3,315$2,362$1,664$587
29 years$5,961$4,327$3,085$2,166$1,502$506
30 years$5,700$4,086$2,873$1,988$1,357$436
31 years$5,456$3,863$2,679$1,826$1,227$377
32 years$5,228$3,655$2,499$1,678$1,110$325
33 years$5,014$3,461$2,334$1,543$1,005$281
34 years$4,814$3,280$2,180$1,420$910$242
35 years$4,625$3,111$2,038$1,307$824$209
36 years$4,447$2,953$1,907$1,204$746$181
37 years$4,279$2,805$1,785$1,109$677$156
38 years$4,120$2,666$1,671$1,022$613$135
39 years$3,970$2,535$1,566$942$556$116
40 years$3,828$2,412$1,468$869$504$101
41 years$3,693$2,296$1,376$802$458$87
42 years$3,565$2,186$1,291$740$415$75
43 years$3,443$2,083$1,211$683$377$65
44 years$3,327$1,986$1,137$631$342$56
45 years$3,216$1,893$1,068$583$311$48
46 years$3,111$1,806$1,003$538$282$42
47 years$3,010$1,724$942$497$256$36
48 years$2,914$1,646$885$459$233$31
49 years$2,822$1,571$832$425$211$27
50 years$2,734$1,501$782$392$192$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,800,000, adding $3,398 every year, while hoping to spend $31,383 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: 73/10/17 Blend
29$2,800,000$2,800,000$2,800,000$2,800,000
30$3,089,105$2,940,705$2,897,305$3,302,285
31$3,370,802$3,051,408$2,960,973$3,554,837
32$3,680,181$3,166,484$3,025,723$3,827,257
33$4,020,032$3,286,114$3,091,557$4,124,861
34$4,393,428$3,410,486$3,158,477$4,450,142
35$4,803,756$3,539,799$3,226,484$4,805,847
36$5,254,747$3,674,256$3,295,579$5,194,996
37$5,750,510$3,814,074$3,365,760$5,620,920
38$6,295,575$3,959,476$3,437,026$6,087,284
39$6,894,929$4,110,696$3,509,372$6,598,125
40$7,554,069$4,267,978$3,582,793$7,157,891
41$8,279,051$4,431,576$3,657,284$7,771,477
42$9,076,547$4,601,756$3,732,836$8,444,279
43$9,953,909$4,778,796$3,809,439$9,182,237
44$10,919,235$4,962,984$3,887,083$9,991,896
45$11,981,450$5,154,623$3,965,753$10,880,464
46$13,150,387$5,354,029$4,045,435$11,855,883
47$14,436,881$5,561,531$4,126,112$12,926,900
48$15,852,870$5,777,473$4,207,763$14,103,151
49$17,411,507$6,002,214$4,290,368$15,395,253
50$19,127,288$6,236,129$4,373,902$16,814,900
51$21,016,182$6,479,610$4,458,339$18,374,977
52$23,095,787$6,733,066$4,543,648$20,089,679
53$25,385,495$6,996,924$4,629,797$21,974,643
54$27,906,671$7,271,629$4,716,752$24,047,100
55$30,682,862$7,557,649$4,804,473$26,326,033
56$33,740,009$7,855,469$4,892,918$28,832,355
57$37,106,702$8,165,599$4,982,043$31,589,110
58$40,814,442$8,488,570$5,071,798$34,621,688
59$44,897,941$8,824,935$5,162,129$37,958,061
60$49,395,450$9,175,277$5,252,979$41,629,054
61$54,349,120$9,540,199$5,344,288$45,668,626
62$59,805,397$9,920,336$5,435,989$50,114,197
63$65,815,463$10,316,348$5,528,010$55,006,998
64$72,435,718$10,728,927$5,620,277$60,392,460
65$79,728,313$11,158,796$5,712,707$66,320,643
66$87,761,733$11,606,709$5,805,215$72,846,704
67$96,611,447$12,073,455$5,897,707$80,031,422
68$106,360,620$12,559,859$5,990,085$87,941,769
69$117,100,894$13,066,784$6,082,245$96,651,540
70$128,933,259$13,595,130$6,174,073$106,242,053
71$141,968,999$14,145,839$6,265,452$116,802,908
72$156,330,748$14,719,896$6,356,256$128,432,843
73$172,153,645$15,318,331$6,446,350$141,240,654
74$189,586,607$15,942,219$6,535,594$155,346,229
75$208,793,739$16,592,687$6,623,835$170,881,676
76$229,955,883$17,270,911$6,710,915$187,992,569
77$253,272,318$17,978,120$6,796,666$206,839,322
78$278,962,649$18,715,603$6,880,909$227,598,701
79$307,268,875$19,484,703$6,963,455$250,465,494
80$338,457,675$20,286,829$7,044,106$275,654,345
81$372,822,926$21,123,451$7,122,651$303,401,785
82$410,688,472$21,996,108$7,198,868$333,968,458
83$452,411,189$22,906,411$7,272,523$367,641,581
84$498,384,347$23,856,041$7,343,369$404,737,660
85$549,041,325$24,846,761$7,411,146$445,605,469
86$604,859,699$25,880,412$7,475,579$490,629,347
87$666,365,757$26,958,921$7,536,380$540,232,821
88$734,139,460$28,084,304$7,593,244$594,882,606
89$808,819,919$29,258,668$7,645,851$655,093,005
90$891,111,429$30,484,221$7,693,865$721,430,770
91$981,790,117$31,763,270$7,736,932$794,520,444
92$1,081,711,269$33,098,231$7,774,679$875,050,258
93$1,191,817,403$34,491,628$7,806,716$963,778,628
94$1,313,147,167$35,946,108$7,832,630$1,061,541,311
95$1,446,845,146$37,464,435$7,851,991$1,169,259,292
96$1,594,172,663$39,049,505$7,864,345$1,287,947,482
97$1,756,519,691$40,704,346$7,869,217$1,418,724,292
98$1,935,417,969$42,432,129$7,866,106$1,562,822,192
99$2,132,555,470$44,236,172$7,854,488$1,721,599,344
100$2,349,792,330$46,119,946$7,833,815$1,896,552,421