Can I retire at age 30 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$232,873$230,799$228,775$226,800$224,871$221,510
2 years$115,284$113,137$111,056$109,038$107,081$103,703
3 years$76,092$73,936$71,860$69,862$67,937$64,646
4 years$56,501$54,351$52,296$50,332$48,453$45,275
5 years$44,748$42,612$40,584$38,659$36,833$33,778
6 years$36,916$34,796$32,798$30,916$29,145$26,215
7 years$31,324$29,221$27,255$25,418$23,703$20,899
8 years$27,132$25,048$23,114$21,323$19,664$16,987
9 years$23,873$21,809$19,909$18,162$16,560$14,007
10 years$21,267$19,223$17,357$15,656$14,110$11,680
11 years$19,137$17,113$15,281$13,625$12,135$9,826
12 years$17,363$15,360$13,561$11,951$10,516$8,324
13 years$15,863$13,881$12,116$10,551$9,170$7,093
14 years$14,578$12,618$10,886$9,366$8,038$6,073
15 years$13,466$11,526$9,829$8,353$7,078$5,220
16 years$12,494$10,575$8,911$7,479$6,255$4,502
17 years$11,637$9,739$8,109$6,720$5,546$3,893
18 years$10,876$9,000$7,402$6,056$4,931$3,375
19 years$10,196$8,341$6,777$5,472$4,396$2,931
20 years$9,584$7,751$6,219$4,956$3,926$2,551
21 years$9,032$7,219$5,720$4,498$3,513$2,223
22 years$8,530$6,739$5,272$4,090$3,149$1,940
23 years$8,073$6,303$4,868$3,725$2,827$1,694
24 years$7,655$5,905$4,502$3,397$2,541$1,482
25 years$7,270$5,542$4,170$3,102$2,287$1,297
26 years$6,916$5,209$3,867$2,837$2,060$1,135
27 years$6,589$4,902$3,591$2,596$1,857$995
28 years$6,285$4,619$3,338$2,379$1,676$872
29 years$6,003$4,357$3,107$2,181$1,513$765
30 years$5,740$4,115$2,894$2,002$1,367$672
31 years$5,495$3,890$2,698$1,839$1,236$590
32 years$5,265$3,681$2,517$1,690$1,118$518
33 years$5,050$3,486$2,350$1,554$1,012$455
34 years$4,848$3,304$2,196$1,430$916$400
35 years$4,658$3,134$2,053$1,316$830$351
36 years$4,479$2,974$1,921$1,212$752$309
37 years$4,310$2,825$1,798$1,117$681$272
38 years$4,150$2,685$1,683$1,029$618$239
39 years$3,999$2,553$1,577$949$560$210
40 years$3,855$2,429$1,478$875$508$185
41 years$3,719$2,312$1,386$808$461$162
42 years$3,590$2,202$1,300$745$418$143
43 years$3,467$2,098$1,220$688$380$126
44 years$3,351$2,000$1,145$635$345$111
45 years$3,239$1,907$1,075$587$313$97
46 years$3,133$1,819$1,010$542$284$86
47 years$3,032$1,736$949$501$258$75
48 years$2,935$1,657$892$463$234$66
49 years$2,842$1,583$838$428$213$58
50 years$2,753$1,512$788$395$193$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,820,000, adding $4,841 every year, while hoping to spend $35,387 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: 55/27/18 Blend
29$2,820,000$2,820,000$2,820,000$2,820,000
30$3,112,633$2,963,173$2,919,463$3,268,558
31$3,392,471$3,070,717$2,979,614$3,483,031
32$3,699,665$3,182,345$3,040,594$3,712,271
33$4,036,970$3,298,219$3,102,393$3,961,119
34$4,407,418$3,418,509$3,165,000$4,231,459
35$4,814,350$3,543,392$3,228,403$4,525,365
36$5,261,447$3,673,051$3,292,587$4,845,114
37$5,752,762$3,807,678$3,357,537$5,193,218
38$6,292,763$3,947,473$3,423,234$5,572,436
39$6,886,371$4,092,645$3,489,658$5,985,807
40$7,539,007$4,243,411$3,556,787$6,436,673
41$8,256,643$4,399,996$3,624,597$6,928,715
42$9,045,861$4,562,636$3,693,061$7,465,983
43$9,913,911$4,731,577$3,762,151$8,052,936
44$10,868,782$4,907,076$3,831,835$8,694,482
45$11,919,274$5,089,399$3,902,078$9,396,026
46$13,075,086$5,278,826$3,972,843$10,163,517
47$14,346,901$5,475,645$4,044,091$11,003,507
48$15,746,494$5,680,161$4,115,777$11,923,207
49$17,286,836$5,892,688$4,187,855$12,930,563
50$18,982,221$6,113,557$4,260,275$14,034,320
51$20,848,396$6,343,110$4,332,983$15,244,113
52$22,902,716$6,581,706$4,405,921$16,570,548
53$25,164,302$6,829,718$4,479,028$18,025,312
54$27,654,223$7,087,537$4,552,238$19,621,271
55$30,395,695$7,355,568$4,625,480$21,372,599
56$33,414,301$7,634,236$4,698,679$23,294,909
57$36,738,230$7,923,984$4,771,755$25,405,396
58$40,398,543$8,225,272$4,844,622$27,723,001
59$44,429,468$8,538,584$4,917,190$30,268,591
60$48,868,721$8,864,422$4,989,363$33,065,148
61$53,757,862$9,203,310$5,061,039$36,137,993
62$59,142,689$9,555,797$5,132,108$39,515,019
63$65,073,665$9,922,454$5,202,456$43,226,953
64$71,606,402$10,303,877$5,271,961$47,307,646
65$78,802,177$10,700,689$5,340,494$51,794,393
66$86,728,517$11,113,540$5,407,918$56,728,279
67$95,459,832$11,543,110$5,474,090$62,154,570
68$105,078,119$11,990,106$5,538,856$68,123,138
69$115,673,735$12,455,269$5,602,055$74,688,927
70$127,346,249$12,939,370$5,663,517$81,912,474
71$140,205,384$13,443,217$5,723,063$89,860,478
72$154,372,050$13,967,652$5,780,502$98,606,424
73$169,979,487$14,513,554$5,835,636$108,231,283
74$187,174,518$15,081,843$5,888,254$118,824,265
75$206,118,943$15,673,476$5,938,134$130,483,667
76$226,991,056$16,289,458$5,985,043$143,317,796
77$249,987,336$16,930,834$6,028,734$157,445,987
78$275,324,297$17,598,697$6,068,950$172,999,732
79$303,240,534$18,294,192$6,105,418$190,123,915
80$333,998,970$19,018,510$6,137,852$208,978,182
81$367,889,347$19,772,898$6,165,951$229,738,441
82$405,230,950$20,558,660$6,189,400$252,598,521
83$446,375,628$21,377,155$6,207,866$277,772,003
84$491,711,114$22,229,808$6,221,002$305,494,230
85$541,664,683$23,118,103$6,228,440$336,024,526
86$596,707,185$24,043,595$6,229,797$369,648,643
87$657,357,492$25,007,906$6,224,670$406,681,455
88$724,187,396$26,012,732$6,212,636$447,469,925
89$797,827,002$27,059,848$6,193,251$492,396,382
90$878,970,681$28,151,105$6,166,050$541,882,122
91$968,383,623$29,288,442$6,130,545$596,391,387
92$1,066,909,060$30,473,883$6,086,226$656,435,737
93$1,175,476,226$31,709,546$6,032,557$722,578,881
94$1,295,109,131$32,997,643$5,968,976$795,441,996
95$1,426,936,223$34,340,488$5,894,898$875,709,580
96$1,572,201,046$35,740,500$5,809,705$964,135,917
97$1,732,273,976$37,200,208$5,712,754$1,061,552,189
98$1,908,665,161$38,722,258$5,603,371$1,168,874,320
99$2,103,038,773$40,309,414$5,480,850$1,287,111,618
100$2,317,228,722$41,964,569$5,344,451$1,417,376,297