Can I retire at age 30 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$236,176$234,072$232,020$230,017$228,060$221,649
2 years$116,919$114,741$112,631$110,585$108,600$102,189
3 years$77,172$74,985$72,880$70,853$68,900$62,691
4 years$57,302$55,122$53,038$51,045$49,140$43,181
5 years$45,383$43,216$41,159$39,208$37,356$31,662
6 years$37,440$35,289$33,263$31,355$29,558$24,135
7 years$31,769$29,636$27,642$25,779$24,039$18,887
8 years$27,517$25,403$23,442$21,625$19,943$15,059
9 years$24,212$22,118$20,191$18,420$16,794$12,174
10 years$21,569$19,496$17,603$15,878$14,310$9,947
11 years$19,408$17,356$15,497$13,819$12,307$8,194
12 years$17,609$15,578$13,753$12,121$10,665$6,795
13 years$16,088$14,078$12,288$10,701$9,300$5,664
14 years$14,785$12,796$11,041$9,499$8,152$4,741
15 years$13,657$11,690$9,968$8,471$7,178$3,983
16 years$12,671$10,725$9,038$7,585$6,344$3,356
17 years$11,802$9,878$8,224$6,815$5,625$2,834
18 years$11,030$9,127$7,507$6,142$5,001$2,398
19 years$10,340$8,459$6,873$5,550$4,458$2,032
20 years$9,720$7,861$6,307$5,026$3,982$1,725
21 years$9,160$7,322$5,802$4,562$3,563$1,466
22 years$8,651$6,835$5,347$4,148$3,194$1,247
23 years$8,188$6,392$4,937$3,777$2,867$1,062
24 years$7,763$5,989$4,566$3,445$2,577$904
25 years$7,374$5,621$4,229$3,146$2,319$771
26 years$7,014$5,282$3,922$2,877$2,089$658
27 years$6,682$4,971$3,642$2,633$1,883$561
28 years$6,374$4,684$3,386$2,413$1,699$479
29 years$6,088$4,419$3,151$2,212$1,534$409
30 years$5,822$4,174$2,935$2,030$1,386$349
31 years$5,573$3,945$2,736$1,865$1,253$298
32 years$5,340$3,733$2,553$1,714$1,134$255
33 years$5,122$3,535$2,384$1,576$1,026$218
34 years$4,917$3,351$2,227$1,450$929$186
35 years$4,724$3,178$2,082$1,335$841$159
36 years$4,542$3,016$1,948$1,229$762$136
37 years$4,371$2,865$1,823$1,133$691$116
38 years$4,209$2,723$1,707$1,044$626$99
39 years$4,055$2,589$1,599$963$568$85
40 years$3,910$2,463$1,499$888$515$73
41 years$3,772$2,345$1,406$819$467$62
42 years$3,641$2,233$1,319$756$424$53
43 years$3,517$2,128$1,237$698$385$46
44 years$3,398$2,028$1,162$644$349$39
45 years$3,285$1,934$1,091$595$317$33
46 years$3,177$1,845$1,024$550$288$28
47 years$3,075$1,761$962$508$262$24
48 years$2,976$1,681$904$469$238$21
49 years$2,882$1,605$850$434$216$18
50 years$2,792$1,533$799$401$196$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,860,000, adding $4,390 every year, while hoping to spend $39,495 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: 57/26/17 Blend
29$2,860,000$2,860,000$2,860,000$2,860,000
30$3,156,248$3,004,668$2,960,338$3,321,829
31$3,436,163$3,109,875$3,017,487$3,539,954
32$3,743,306$3,218,912$3,075,227$3,772,868
33$4,080,412$3,331,928$3,133,536$4,025,790
34$4,450,494$3,449,072$3,192,389$4,300,651
35$4,856,871$3,570,504$3,251,762$4,599,576
36$5,303,201$3,696,388$3,311,624$4,924,899
37$5,793,510$3,826,894$3,371,947$5,279,193
38$6,332,237$3,962,200$3,432,696$5,665,287
39$6,924,269$4,102,492$3,493,835$6,086,297
40$7,574,992$4,247,961$3,555,326$6,545,652
41$8,290,339$4,398,809$3,617,127$7,047,124
42$9,076,846$4,555,243$3,679,193$7,594,869
43$9,941,715$4,717,481$3,741,477$8,193,462
44$10,892,880$4,885,748$3,803,926$8,847,939
45$11,939,083$5,060,278$3,866,487$9,563,846
46$13,089,955$5,241,318$3,929,100$10,347,289
47$14,356,109$5,429,120$3,991,703$11,204,992
48$15,749,236$5,623,951$4,054,229$12,144,361
49$17,282,219$5,826,085$4,116,606$13,173,550
50$18,969,252$6,035,811$4,178,760$14,301,541
51$20,825,978$6,253,427$4,240,610$15,538,227
52$22,869,628$6,479,245$4,302,071$16,894,501
53$25,119,191$6,713,590$4,363,051$18,382,366
54$27,595,591$6,956,798$4,423,456$20,015,037
55$30,321,882$7,209,222$4,483,183$21,807,077
56$33,323,468$7,471,228$4,542,124$23,774,522
57$36,628,342$7,743,199$4,600,165$25,935,040
58$40,267,349$8,025,531$4,657,186$28,308,094
59$44,274,476$8,318,639$4,713,059$30,915,124
60$48,687,175$8,622,956$4,767,650$33,779,749
61$53,546,716$8,938,929$4,820,815$36,927,990
62$58,898,573$9,267,030$4,872,405$40,388,513
63$64,792,859$9,607,745$4,922,261$44,192,900
64$71,284,790$9,961,583$4,970,216$48,375,947
65$78,435,214$10,329,077$5,016,094$52,975,987
66$86,311,182$10,710,778$5,059,709$58,035,257
67$94,986,579$11,107,263$5,100,866$63,600,289
68$104,542,824$11,519,132$5,139,359$69,722,355
69$115,069,636$11,947,014$5,174,972$76,457,943
70$126,665,881$12,391,560$5,207,476$83,869,294
71$139,440,506$12,853,451$5,236,631$92,024,986
72$153,513,566$13,333,399$5,262,187$101,000,579
73$169,017,358$13,832,143$5,283,878$110,879,331
74$186,097,666$14,350,456$5,301,425$121,752,976
75$204,915,143$14,889,143$5,314,538$133,722,596
76$225,646,821$15,449,045$5,322,908$146,899,567
77$248,487,786$16,031,037$5,326,215$161,406,613
78$273,653,016$16,636,034$5,324,119$177,378,962
79$301,379,413$17,264,989$5,316,267$194,965,618
80$331,928,038$17,918,898$5,302,286$214,330,771
81$365,586,571$18,598,797$5,281,786$235,655,340
82$402,672,034$19,305,771$5,254,359$259,138,681
83$443,533,777$20,040,949$5,219,575$285,000,470
84$488,556,777$20,805,510$5,176,985$313,482,770
85$538,165,273$21,600,685$5,126,120$344,852,315
86$592,826,771$22,427,759$5,066,485$379,403,027
87$653,056,454$23,288,071$4,997,564$417,458,791
88$719,422,046$24,183,022$4,918,817$459,376,503
89$792,549,176$25,114,070$4,829,678$505,549,445
90$873,127,274$26,082,742$4,729,554$556,410,988
91$961,916,087$27,090,628$4,617,826$612,438,686
92$1,059,752,849$28,139,390$4,493,844$674,158,778
93$1,167,560,183$29,230,763$4,356,931$742,151,155
94$1,286,354,810$30,366,558$4,206,376$817,054,830
95$1,417,257,148$31,548,667$4,041,438$899,573,970
96$1,561,501,891$32,779,066$3,861,340$990,484,537
97$1,720,449,660$34,059,816$3,665,270$1,090,641,612
98$1,895,599,850$35,393,071$3,452,382$1,200,987,466
99$2,088,604,785$36,781,083$3,221,788$1,322,560,449
100$2,301,285,318$38,226,200$2,972,562$1,456,504,787