Can I retire at age 30 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$233,699$231,617$229,586$227,604$225,668$223,126
2 years$115,692$113,538$111,450$109,425$107,461$104,902
3 years$76,362$74,198$72,115$70,110$68,178$65,681
4 years$56,701$54,544$52,481$50,510$48,625$46,210
5 years$44,907$42,763$40,728$38,797$36,964$34,637
6 years$37,047$34,919$32,914$31,026$29,248$27,013
7 years$31,435$29,325$27,352$25,508$23,787$21,644
8 years$27,228$25,137$23,196$21,398$19,733$17,683
9 years$23,958$21,886$19,979$18,226$16,618$14,659
10 years$21,343$19,292$17,418$15,711$14,160$12,291
11 years$19,205$17,174$15,335$13,674$12,178$10,398
12 years$17,424$15,415$13,609$11,994$10,553$8,860
13 years$15,919$13,930$12,159$10,589$9,202$7,594
14 years$14,630$12,662$10,925$9,399$8,067$6,540
15 years$13,514$11,567$9,864$8,383$7,103$5,656
16 years$12,538$10,613$8,943$7,506$6,277$4,909
17 years$11,678$9,774$8,138$6,744$5,566$4,272
18 years$10,914$9,032$7,429$6,077$4,949$3,727
19 years$10,232$8,370$6,801$5,492$4,411$3,259
20 years$9,618$7,778$6,241$4,974$3,940$2,855
21 years$9,064$7,245$5,741$4,514$3,526$2,505
22 years$8,561$6,763$5,291$4,104$3,160$2,200
23 years$8,102$6,325$4,885$3,738$2,837$1,936
24 years$7,682$5,926$4,518$3,409$2,550$1,704
25 years$7,296$5,562$4,185$3,113$2,295$1,502
26 years$6,941$5,227$3,881$2,847$2,067$1,325
27 years$6,612$4,919$3,604$2,606$1,863$1,169
28 years$6,307$4,635$3,350$2,387$1,681$1,033
29 years$6,024$4,373$3,118$2,189$1,518$913
30 years$5,761$4,130$2,904$2,009$1,372$807
31 years$5,514$3,904$2,707$1,845$1,240$714
32 years$5,284$3,694$2,526$1,696$1,122$631
33 years$5,068$3,498$2,359$1,559$1,015$559
34 years$4,865$3,316$2,204$1,435$919$495
35 years$4,674$3,145$2,060$1,321$833$438
36 years$4,495$2,985$1,927$1,216$754$388
37 years$4,325$2,835$1,804$1,121$684$344
38 years$4,165$2,694$1,689$1,033$620$305
39 years$4,013$2,562$1,583$953$562$270
40 years$3,869$2,437$1,483$879$510$239
41 years$3,733$2,320$1,391$811$463$212
42 years$3,603$2,210$1,305$748$420$188
43 years$3,480$2,105$1,224$691$381$167
44 years$3,362$2,007$1,149$638$346$148
45 years$3,251$1,914$1,079$589$314$131
46 years$3,144$1,826$1,014$544$285$116
47 years$3,042$1,742$952$503$259$103
48 years$2,945$1,663$895$464$235$91
49 years$2,852$1,588$841$429$213$81
50 years$2,763$1,517$791$397$194$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,830,000, adding $3,864 every year, while hoping to spend $32,855 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: 72/15/13 Blend
29$2,830,000$2,830,000$2,830,000$2,830,000
30$3,122,646$2,972,656$2,928,791$3,338,538
31$3,406,198$3,083,358$2,991,948$3,592,740
32$3,717,572$3,198,384$3,056,119$3,866,611
33$4,059,570$3,317,911$3,121,305$4,165,628
34$4,435,280$3,442,122$3,187,503$4,492,270
35$4,848,103$3,571,212$3,254,709$4,849,265
36$5,301,789$3,705,380$3,322,921$5,239,619
37$5,800,464$3,844,836$3,392,131$5,666,640
38$6,348,678$3,989,800$3,462,334$6,133,970
39$6,951,441$4,140,498$3,533,521$6,645,620
40$7,614,276$4,297,170$3,605,681$7,206,007
41$8,343,263$4,460,063$3,678,803$7,819,994
42$9,145,106$4,629,435$3,752,873$8,492,938
43$10,027,188$4,805,559$3,827,875$9,230,739
44$10,997,644$4,988,715$3,903,792$10,039,893
45$12,065,439$5,179,197$3,980,604$10,927,558
46$13,240,449$5,377,313$4,058,290$11,901,614
47$14,533,557$5,583,383$4,136,825$12,970,743
48$15,956,754$5,797,743$4,216,182$14,144,509
49$17,523,250$6,020,740$4,296,332$15,433,446
50$19,247,605$6,252,739$4,377,242$16,849,158
51$21,145,859$6,494,122$4,458,878$18,404,428
52$23,235,688$6,745,285$4,541,201$20,113,336
53$25,536,566$7,006,642$4,624,170$21,991,398
54$28,069,956$7,278,628$4,707,740$24,055,701
55$30,859,505$7,561,694$4,791,862$26,325,074
56$33,931,269$7,856,311$4,876,485$28,820,260
57$37,313,963$8,162,975$4,961,551$31,564,110
58$41,039,224$8,482,198$5,047,000$34,581,802
59$45,141,919$8,814,519$5,132,768$37,901,075
60$49,660,464$9,160,500$5,218,786$41,552,490
61$54,637,194$9,520,727$5,304,978$45,569,719
62$60,118,758$9,895,814$5,391,265$49,989,862
63$66,156,562$10,286,399$5,477,563$54,853,795
64$72,807,251$10,693,152$5,563,781$60,206,558
65$80,133,246$11,116,772$5,649,823$66,097,773
66$88,203,332$11,557,989$5,735,587$72,582,119
67$97,093,306$12,017,564$5,820,963$79,719,842
68$106,886,694$12,496,296$5,905,836$87,577,326
69$117,675,539$12,995,016$5,990,084$96,227,715
70$129,561,268$13,514,596$6,073,575$105,751,606
71$142,655,650$14,055,944$6,156,172$116,237,805
72$157,081,851$14,620,010$6,237,729$127,784,168
73$172,975,598$15,207,788$6,318,091$140,498,521
74$190,486,456$15,820,317$6,397,095$154,499,677
75$209,779,243$16,458,681$6,474,566$169,918,557
76$231,035,584$17,124,015$6,550,322$186,899,423
77$254,455,626$17,817,504$6,624,170$205,601,242
78$280,259,926$18,540,388$6,695,906$226,199,181
79$308,691,534$19,293,963$6,765,315$248,886,259
80$340,018,287$20,079,583$6,832,169$273,875,173
81$374,535,336$20,898,666$6,896,230$301,400,298
82$412,567,931$21,752,692$6,957,245$331,719,902
83$454,474,496$22,643,210$7,014,949$365,118,578
84$500,650,007$23,571,840$7,069,062$401,909,936
85$551,529,722$24,540,274$7,119,290$442,439,554
86$607,593,291$25,550,284$7,165,323$487,088,242
87$669,369,281$26,603,722$7,206,835$536,275,636
88$737,440,168$27,702,526$7,243,485$590,464,153
89$812,447,835$28,848,719$7,274,912$650,163,362
90$895,099,630$30,044,423$7,300,738$715,934,783
91$986,175,046$31,291,853$7,320,565$788,397,192
92$1,086,533,074$32,593,327$7,333,978$868,232,458
93$1,197,120,318$33,951,271$7,340,537$956,191,976
94$1,318,979,929$35,368,222$7,339,783$1,053,103,763
95$1,453,261,451$36,846,833$7,331,235$1,159,880,266
96$1,601,231,673$38,389,882$7,314,385$1,277,526,976
97$1,764,286,590$40,000,273$7,288,704$1,407,151,919
98$1,943,964,582$41,681,046$7,253,635$1,549,976,108
99$2,141,960,932$43,435,380$7,208,595$1,707,345,075
100$2,360,143,838$45,266,604$7,152,973$1,880,741,562