Can I retire at age 30 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$237,828$235,709$233,642$231,625$229,655$226,317
2 years$117,736$115,544$113,419$111,358$109,360$106,003
3 years$77,711$75,509$73,389$71,348$69,382$66,112
4 years$57,703$55,507$53,409$51,402$49,484$46,325
5 years$45,701$43,518$41,447$39,482$37,617$34,579
6 years$37,702$35,536$33,496$31,574$29,765$26,852
7 years$31,991$29,843$27,835$25,959$24,207$21,419
8 years$27,709$25,581$23,606$21,776$20,082$17,419
9 years$24,381$22,273$20,332$18,548$16,912$14,372
10 years$21,720$19,632$17,726$15,989$14,410$11,992
11 years$19,544$17,478$15,606$13,915$12,393$10,094
12 years$17,732$15,687$13,850$12,205$10,739$8,557
13 years$16,200$14,176$12,374$10,776$9,365$7,296
14 years$14,888$12,886$11,118$9,565$8,209$6,251
15 years$13,752$11,772$10,038$8,531$7,228$5,377
16 years$12,759$10,800$9,101$7,638$6,388$4,640
17 years$11,884$9,947$8,281$6,863$5,664$4,016
18 years$11,107$9,191$7,560$6,185$5,036$3,484
19 years$10,413$8,518$6,921$5,589$4,489$3,028
20 years$9,788$7,916$6,351$5,062$4,010$2,637
21 years$9,224$7,373$5,842$4,594$3,588$2,300
22 years$8,712$6,882$5,384$4,177$3,216$2,008
23 years$8,245$6,437$4,972$3,804$2,887$1,756
24 years$7,818$6,031$4,598$3,469$2,595$1,536
25 years$7,425$5,660$4,259$3,168$2,335$1,345
26 years$7,063$5,319$3,950$2,897$2,103$1,179
27 years$6,729$5,006$3,668$2,652$1,896$1,034
28 years$6,419$4,717$3,409$2,429$1,711$908
29 years$6,131$4,450$3,173$2,228$1,545$797
30 years$5,862$4,203$2,955$2,045$1,396$700
31 years$5,612$3,973$2,755$1,878$1,262$615
32 years$5,377$3,759$2,571$1,726$1,142$541
33 years$5,158$3,560$2,400$1,587$1,033$475
34 years$4,951$3,374$2,243$1,460$936$418
35 years$4,757$3,200$2,097$1,344$847$368
36 years$4,574$3,038$1,961$1,238$768$323
37 years$4,401$2,885$1,836$1,141$696$285
38 years$4,238$2,742$1,719$1,051$631$250
39 years$4,084$2,607$1,611$969$572$220
40 years$3,937$2,480$1,510$894$519$194
41 years$3,799$2,361$1,416$825$471$171
42 years$3,667$2,249$1,328$761$427$150
43 years$3,541$2,143$1,246$703$388$132
44 years$3,422$2,042$1,170$649$352$117
45 years$3,308$1,948$1,098$599$319$103
46 years$3,200$1,858$1,031$554$290$90
47 years$3,096$1,773$969$511$263$80
48 years$2,997$1,693$911$473$239$70
49 years$2,902$1,616$856$437$217$62
50 years$2,812$1,544$805$404$197$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,880,000, adding $5,920 every year, while hoping to spend $38,589 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: 51/19/30 Blend
29$2,880,000$2,880,000$2,880,000$2,880,000
30$3,179,866$3,027,226$2,982,586$3,314,820
31$3,463,154$3,134,502$3,041,445$3,517,030
32$3,774,044$3,245,741$3,100,981$3,732,479
33$4,115,311$3,361,097$3,161,178$3,966,029
34$4,490,011$3,480,728$3,222,016$4,219,423
35$4,901,511$3,604,803$3,283,472$4,494,579
36$5,353,519$3,733,492$3,345,523$4,793,609
37$5,850,123$3,866,978$3,408,142$5,118,838
38$6,395,821$4,005,446$3,471,301$5,472,823
39$6,995,574$4,149,092$3,534,969$5,858,382
40$7,654,845$4,298,120$3,599,113$6,278,613
41$8,379,651$4,452,740$3,663,695$6,736,932
42$9,176,624$4,613,172$3,728,677$7,237,096
43$10,053,069$4,779,647$3,794,017$7,783,244
44$11,017,035$4,952,403$3,859,670$8,379,934
45$12,077,390$5,131,687$3,925,586$9,032,183
46$13,243,904$5,317,761$3,991,713$9,745,519
47$14,527,344$5,510,892$4,057,997$10,526,029
48$15,939,569$5,711,363$4,124,377$11,380,417
49$17,493,651$5,919,465$4,190,789$12,316,067
50$19,203,989$6,135,505$4,257,166$13,341,111
51$21,086,450$6,359,798$4,323,435$14,464,509
52$23,158,517$6,592,677$4,389,519$15,696,128
53$25,439,454$6,834,487$4,455,336$17,046,839
54$27,950,488$7,085,586$4,520,800$18,528,616
55$30,715,008$7,346,350$4,585,817$20,154,652
56$33,758,786$7,617,169$4,650,289$21,939,477
57$37,110,222$7,898,450$4,714,113$23,899,102
58$40,800,607$8,190,616$4,777,179$26,051,164
59$44,864,423$8,494,111$4,839,369$28,415,095
60$49,339,667$8,809,395$4,900,560$31,012,303
61$54,268,206$9,136,949$4,960,622$33,866,375
62$59,696,177$9,477,273$5,019,417$37,003,296
63$65,674,418$9,830,891$5,076,798$40,451,699
64$72,258,951$10,198,346$5,132,613$44,243,131
65$79,511,507$10,580,208$5,186,699$48,412,347
66$87,500,111$10,977,069$5,238,883$52,997,645
67$96,299,723$11,389,546$5,288,987$58,041,222
68$105,992,946$11,818,285$5,336,819$63,589,571
69$116,670,803$12,263,957$5,382,178$69,693,922
70$128,433,598$12,727,264$5,424,855$76,410,722
71$141,391,863$13,208,939$5,464,626$83,802,169
72$155,667,400$13,709,743$5,501,257$91,936,798
73$171,394,429$14,230,474$5,534,503$100,890,127
74$188,720,856$14,771,963$5,564,105$110,745,368
75$207,809,672$15,335,078$5,589,791$121,594,212
76$228,840,484$15,920,722$5,611,274$133,537,696
77$252,011,217$16,529,841$5,628,256$146,687,153
78$277,539,978$17,163,421$5,640,419$161,165,262
79$305,667,117$17,822,490$5,647,435$177,107,208
80$336,657,493$18,508,122$5,648,954$194,661,952
81$370,802,976$19,221,438$5,644,613$213,993,644
82$408,425,201$19,963,610$5,634,028$235,283,162
83$449,878,602$20,735,857$5,616,799$258,729,826
84$495,553,762$21,539,457$5,592,504$284,553,276
85$545,881,097$22,375,741$5,560,704$312,995,542
86$601,334,916$23,246,100$5,520,935$344,323,331
87$662,437,904$24,151,985$5,472,712$378,830,541
88$729,766,052$25,094,914$5,415,530$416,841,037
89$803,954,094$26,076,470$5,348,856$458,711,703
90$885,701,502$27,098,308$5,272,133$504,835,813
91$975,779,084$28,162,154$5,184,778$555,646,743
92$1,075,036,265$29,269,813$5,086,182$611,622,055
93$1,184,409,101$30,423,171$4,975,707$673,288,011
94$1,304,929,119$31,624,197$4,852,683$741,224,536
95$1,437,733,054$32,874,946$4,716,412$816,070,691
96$1,584,073,576$34,177,570$4,566,162$898,530,704
97$1,745,331,121$35,534,311$4,401,169$989,380,619
98$1,923,026,921$36,947,518$4,220,634$1,089,475,618
99$2,118,837,361$38,419,640$4,023,719$1,199,758,094
100$2,334,609,809$39,953,240$3,809,551$1,321,266,545