Can I retire at age 30 with 2,900,000?

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 $2,900,000?

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$239,479$237,346$235,265$233,234$231,250$228,645
2 years$118,554$116,346$114,206$112,132$110,119$107,496
3 years$78,251$76,033$73,899$71,844$69,864$67,305
4 years$58,103$55,893$53,780$51,759$49,828$47,353
5 years$46,018$43,821$41,735$39,756$37,878$35,494
6 years$37,964$35,783$33,728$31,793$29,972$27,681
7 years$32,213$30,050$28,028$26,139$24,375$22,179
8 years$27,902$25,759$23,770$21,927$20,221$18,120
9 years$24,550$22,428$20,473$18,677$17,029$15,022
10 years$21,871$19,769$17,849$16,100$14,510$12,595
11 years$19,680$17,599$15,714$14,012$12,479$10,655
12 years$17,855$15,796$13,946$12,290$10,814$9,079
13 years$16,313$14,275$12,460$10,850$9,430$7,782
14 years$14,992$12,975$11,195$9,632$8,266$6,702
15 years$13,848$11,853$10,108$8,590$7,278$5,796
16 years$12,848$10,875$9,164$7,691$6,433$5,030
17 years$11,967$10,016$8,339$6,911$5,704$4,378
18 years$11,184$9,255$7,612$6,228$5,071$3,819
19 years$10,485$8,577$6,969$5,627$4,520$3,340
20 years$9,856$7,970$6,396$5,097$4,038$2,925
21 years$9,288$7,424$5,883$4,626$3,613$2,567
22 years$8,772$6,930$5,422$4,206$3,239$2,255
23 years$8,302$6,482$5,006$3,830$2,907$1,983
24 years$7,872$6,073$4,630$3,493$2,613$1,746
25 years$7,477$5,699$4,288$3,190$2,351$1,539
26 years$7,112$5,356$3,977$2,917$2,118$1,358
27 years$6,776$5,041$3,693$2,670$1,910$1,198
28 years$6,463$4,750$3,433$2,446$1,723$1,058
29 years$6,173$4,481$3,195$2,243$1,556$935
30 years$5,903$4,232$2,976$2,059$1,406$827
31 years$5,651$4,001$2,774$1,891$1,271$731
32 years$5,415$3,785$2,588$1,738$1,150$647
33 years$5,193$3,585$2,417$1,598$1,040$573
34 years$4,986$3,398$2,258$1,470$942$507
35 years$4,790$3,223$2,111$1,354$853$449
36 years$4,606$3,059$1,975$1,247$773$398
37 years$4,432$2,905$1,849$1,149$701$352
38 years$4,268$2,761$1,731$1,059$635$312
39 years$4,112$2,625$1,622$976$576$277
40 years$3,965$2,498$1,520$900$522$245
41 years$3,825$2,378$1,425$831$474$217
42 years$3,692$2,264$1,337$767$430$193
43 years$3,566$2,157$1,255$708$390$171
44 years$3,446$2,056$1,178$653$354$152
45 years$3,331$1,961$1,106$603$322$134
46 years$3,222$1,871$1,039$557$292$119
47 years$3,118$1,785$976$515$265$106
48 years$3,018$1,704$917$476$241$94
49 years$2,923$1,628$862$440$219$83
50 years$2,831$1,555$810$406$199$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,900,000, adding $2,452 every year, while hoping to spend $35,587 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: 56/26/18 Blend
29$2,900,000$2,900,000$2,900,000$2,900,000
30$3,198,329$3,044,629$2,999,679$3,361,984
31$3,486,695$3,155,952$3,062,304$3,585,017
32$3,803,280$3,271,536$3,125,834$3,823,822
33$4,150,928$3,391,554$3,190,263$4,083,175
34$4,532,766$3,516,184$3,255,580$4,365,054
35$4,952,243$3,645,612$3,321,776$4,671,635
36$5,413,156$3,780,031$3,388,840$5,005,314
37$5,919,689$3,919,644$3,456,758$5,368,724
38$6,476,452$4,064,662$3,525,514$5,764,766
39$7,088,523$4,215,303$3,595,092$6,196,629
40$7,761,497$4,371,797$3,665,472$6,667,826
41$8,501,538$4,534,383$3,736,633$7,182,221
42$9,315,436$4,703,309$3,808,551$7,744,069
43$10,210,674$4,878,835$3,881,201$8,358,053
44$11,195,495$5,061,231$3,954,555$9,029,330
45$12,278,984$5,250,779$4,028,580$9,763,577
46$13,471,147$5,447,774$4,103,244$10,567,042
47$14,783,012$5,652,522$4,178,511$11,446,609
48$16,226,727$5,865,344$4,254,339$12,409,855
49$17,815,681$6,086,574$4,330,687$13,465,125
50$19,564,624$6,316,559$4,407,509$14,621,608
51$21,489,809$6,555,664$4,484,754$15,889,425
52$23,609,145$6,804,267$4,562,368$17,279,720
53$25,942,365$7,062,764$4,640,295$18,804,770
54$28,511,214$7,331,567$4,718,473$20,478,094
55$31,339,652$7,611,108$4,796,836$22,314,584
56$34,454,080$7,901,836$4,875,313$24,330,642
57$37,883,590$8,204,219$4,953,829$26,544,336
58$41,660,238$8,518,747$5,032,305$28,975,567
59$45,819,348$8,845,932$5,110,653$31,646,258
60$50,399,846$9,186,307$5,188,784$34,580,559
61$55,444,622$9,540,428$5,266,601$37,805,073
62$61,000,941$9,908,877$5,344,000$41,349,108
63$67,120,886$10,292,261$5,420,872$45,244,949
64$73,861,847$10,691,212$5,497,102$49,528,166
65$81,287,067$11,106,393$5,572,566$54,237,945
66$89,466,235$11,538,494$5,647,135$59,417,457
67$98,476,148$11,988,236$5,720,670$65,114,264
68$108,401,428$12,456,373$5,793,026$71,380,770
69$119,335,330$12,943,692$5,864,048$78,274,708
70$131,380,613$13,451,013$5,933,574$85,859,688
71$144,650,518$13,979,194$6,001,431$94,205,795
72$159,269,829$14,529,133$6,067,437$103,390,246
73$175,376,056$15,101,765$6,131,400$113,498,122
74$193,120,730$15,698,068$6,193,119$124,623,166
75$212,670,835$16,319,064$6,252,379$136,868,665
76$234,210,382$16,965,820$6,308,955$150,348,425
77$257,942,147$17,639,451$6,362,612$165,187,846
78$284,089,585$18,341,123$6,413,098$181,525,096
79$312,898,938$19,072,053$6,460,152$199,512,420
80$344,641,559$19,833,513$6,503,497$219,317,571
81$379,616,477$20,626,834$6,542,842$241,125,396
82$418,153,212$21,453,403$6,577,882$265,139,569
83$460,614,894$22,314,674$6,608,295$291,584,523
84$507,401,683$23,212,164$6,633,744$320,707,557
85$558,954,554$24,147,459$6,653,873$352,781,170
86$615,759,452$25,122,217$6,668,311$388,105,633
87$678,351,882$26,138,172$6,676,665$427,011,817
88$747,321,966$27,197,135$6,678,526$469,864,318
89$823,320,012$28,301,000$6,673,462$517,064,888
90$907,062,652$29,451,748$6,661,022$569,056,234
91$999,339,607$30,651,448$6,640,731$626,326,184
92$1,101,021,144$31,902,266$6,612,092$689,412,296
93$1,213,066,287$33,206,463$6,574,583$758,906,924
94$1,336,531,876$34,566,408$6,527,660$835,462,810
95$1,472,582,539$35,984,573$6,470,748$919,799,237
96$1,622,501,689$37,463,548$6,403,249$1,012,708,820
97$1,787,703,637$39,006,038$6,324,534$1,115,064,981
98$1,969,746,948$40,614,874$6,233,945$1,227,830,192
99$2,170,349,149$42,293,015$6,130,795$1,352,065,052
100$2,391,402,947$44,043,557$6,014,361$1,488,938,300