Can I retire at age 30 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$237,002$234,891$232,831$230,821$228,858$225,624
2 years$117,328$115,143$113,025$110,972$108,980$105,728
3 years$77,441$75,247$73,135$71,101$69,141$65,973
4 years$57,502$55,314$53,223$51,224$49,312$46,251
5 years$45,542$43,367$41,303$39,345$37,486$34,542
6 years$37,571$35,413$33,379$31,464$29,662$26,837
7 years$31,880$29,739$27,738$25,869$24,123$21,419
8 years$27,613$25,492$23,524$21,701$20,012$17,429
9 years$24,296$22,196$20,261$18,484$16,853$14,389
10 years$21,645$19,564$17,664$15,933$14,360$12,013
11 years$19,476$17,417$15,551$13,867$12,350$10,119
12 years$17,671$15,632$13,802$12,163$10,702$8,584
13 years$16,144$14,127$12,331$10,738$9,332$7,324
14 years$14,837$12,841$11,079$9,532$8,181$6,278
15 years$13,705$11,731$10,003$8,501$7,203$5,404
16 years$12,715$10,763$9,069$7,612$6,366$4,667
17 years$11,843$9,912$8,253$6,839$5,645$4,042
18 years$11,068$9,159$7,534$6,163$5,019$3,509
19 years$10,376$8,489$6,897$5,569$4,473$3,052
20 years$9,754$7,888$6,329$5,044$3,996$2,660
21 years$9,192$7,347$5,822$4,578$3,576$2,321
22 years$8,682$6,859$5,366$4,162$3,205$2,029
23 years$8,216$6,415$4,954$3,791$2,877$1,775
24 years$7,791$6,010$4,582$3,457$2,586$1,554
25 years$7,399$5,640$4,244$3,157$2,327$1,362
26 years$7,039$5,301$3,936$2,887$2,096$1,195
27 years$6,706$4,989$3,655$2,642$1,890$1,049
28 years$6,397$4,701$3,398$2,421$1,705$921
29 years$6,110$4,435$3,162$2,220$1,540$809
30 years$5,842$4,188$2,945$2,038$1,391$712
31 years$5,592$3,959$2,746$1,871$1,258$626
32 years$5,359$3,746$2,562$1,720$1,138$550
33 years$5,140$3,548$2,392$1,581$1,030$484
34 years$4,934$3,362$2,235$1,455$932$426
35 years$4,741$3,189$2,089$1,340$844$375
36 years$4,558$3,027$1,955$1,234$765$330
37 years$4,386$2,875$1,829$1,137$693$291
38 years$4,224$2,732$1,713$1,048$629$256
39 years$4,070$2,598$1,605$966$570$226
40 years$3,924$2,472$1,504$891$517$199
41 years$3,785$2,353$1,411$822$469$175
42 years$3,654$2,241$1,323$759$426$155
43 years$3,529$2,135$1,242$700$386$136
44 years$3,410$2,035$1,166$647$351$120
45 years$3,297$1,941$1,094$597$318$106
46 years$3,188$1,851$1,028$552$289$93
47 years$3,085$1,767$966$510$262$82
48 years$2,987$1,687$907$471$238$72
49 years$2,892$1,611$853$435$216$64
50 years$2,802$1,539$802$402$197$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,870,000, adding $2,214 every year, while hoping to spend $46,174 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: 87/8/5 Blend
29$2,870,000$2,870,000$2,870,000$2,870,000
30$3,165,024$3,012,914$2,968,429$3,440,457
31$3,438,727$3,111,418$3,018,742$3,718,584
32$3,738,801$3,213,201$3,069,194$4,017,571
33$4,067,886$3,318,375$3,119,739$4,344,667
34$4,428,892$3,427,056$3,170,331$4,702,667
35$4,825,021$3,539,364$3,220,920$5,094,652
36$5,259,803$3,655,424$3,271,451$5,524,011
37$5,737,126$3,775,362$3,321,868$5,994,481
38$6,261,272$3,899,314$3,372,109$6,510,175
39$6,836,959$4,027,417$3,422,111$7,075,624
40$7,469,381$4,159,814$3,471,805$7,695,819
41$8,164,265$4,296,652$3,521,118$8,376,256
42$8,927,917$4,438,084$3,569,972$9,122,993
43$9,767,285$4,584,271$3,618,286$9,942,698
44$10,690,023$4,735,375$3,665,974$10,842,721
45$11,704,564$4,891,567$3,712,943$11,831,155
46$12,820,200$5,053,024$3,759,096$12,916,919
47$14,047,165$5,219,927$3,804,331$14,109,837
48$15,396,740$5,392,467$3,848,540$15,420,732
49$16,881,349$5,570,840$3,891,608$16,861,528
50$18,514,684$5,755,248$3,933,414$18,445,362
51$20,311,829$5,945,903$3,973,831$20,186,709
52$22,289,406$6,143,022$4,012,724$22,101,514
53$24,465,727$6,346,832$4,049,952$24,207,347
54$26,860,971$6,557,566$4,085,365$26,523,567
55$29,497,371$6,775,469$4,118,807$29,071,502
56$32,399,427$7,000,791$4,150,111$31,874,653
57$35,594,132$7,233,793$4,179,103$34,958,914
58$39,111,232$7,474,747$4,205,600$38,352,815
59$42,983,499$7,723,932$4,229,410$42,087,792
60$47,247,051$7,981,638$4,250,330$46,198,485
61$51,941,680$8,248,169$4,268,146$50,723,060
62$57,111,237$8,523,835$4,282,635$55,703,575
63$62,804,042$8,808,962$4,293,562$61,186,369
64$69,073,338$9,103,885$4,300,680$67,222,505
65$75,977,796$9,408,952$4,303,730$73,868,250
66$83,582,066$9,724,526$4,302,439$81,185,603
67$91,957,389$10,050,980$4,296,524$89,242,883
68$101,182,269$10,388,704$4,285,684$98,115,372
69$111,343,211$10,738,101$4,269,605$107,886,024
70$122,535,540$11,099,590$4,247,958$118,646,250
71$134,864,300$11,473,605$4,220,399$130,496,777
72$148,445,242$11,860,595$4,186,566$143,548,603
73$163,405,922$12,261,028$4,146,081$157,924,037
74$179,886,897$12,675,390$4,098,546$173,757,861
75$198,043,059$13,104,183$4,043,546$191,198,596
76$218,045,092$13,547,929$3,980,646$210,409,906
77$240,081,084$14,007,171$3,909,390$231,572,140
78$264,358,303$14,482,470$3,829,303$254,884,037
79$291,105,149$14,974,410$3,739,884$280,564,599
80$320,573,317$15,483,599$3,640,612$308,855,158
81$353,040,164$16,010,663$3,530,941$340,021,654
82$388,811,332$16,556,258$3,410,300$374,357,145
83$428,223,634$17,121,061$3,278,091$412,184,571
84$471,648,228$17,705,775$3,133,690$453,859,805
85$519,494,121$18,311,133$2,976,443$499,775,009
86$572,212,037$18,937,893$2,805,668$550,362,335
87$630,298,659$19,586,844$2,620,653$606,098,006
88$694,301,327$20,258,805$2,420,650$667,506,810
89$764,823,203$20,954,627$2,204,882$735,167,052
90$842,528,959$21,675,193$1,972,535$809,716,013
91$928,151,056$22,421,421$1,722,758$891,855,969
92$1,022,496,658$23,194,264$1,454,664$982,360,813
93$1,126,455,248$23,994,714$1,167,327$1,082,083,365
94$1,241,007,028$24,823,800$859,777$1,191,963,422
95$1,367,232,170$25,682,592$531,005$1,313,036,625
96$1,506,321,013$26,572,200$179,955$1,446,444,241
97$1,659,585,300$27,493,781$0$1,593,443,929
98$1,828,470,559$28,448,535$0$1,755,432,007
99$2,014,569,753$29,437,711$0$1,933,936,287
100$2,219,638,314$30,462,604$0$2,130,630,272