Can I retire at age 30 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$240,305$238,165$236,076$234,038$232,047$223,992
2 years$118,963$116,747$114,600$112,518$110,499$102,467
3 years$78,521$76,296$74,154$72,091$70,105$62,348
4 years$58,304$56,085$53,965$51,938$49,999$42,577
5 years$46,177$43,972$41,879$39,893$38,009$30,941
6 years$38,095$35,906$33,845$31,903$30,075$23,367
7 years$32,324$30,154$28,125$26,229$24,459$18,109
8 years$27,998$25,847$23,852$22,003$20,291$14,295
9 years$24,635$22,505$20,544$18,742$17,088$11,438
10 years$21,946$19,837$17,911$16,156$14,560$9,246
11 years$19,748$17,660$15,768$14,060$12,522$7,534
12 years$17,917$15,850$13,994$12,333$10,851$6,177
13 years$16,369$14,324$12,503$10,888$9,463$5,090
14 years$15,044$13,020$11,234$9,665$8,295$4,211
15 years$13,896$11,894$10,142$8,620$7,303$3,495
16 years$12,892$10,913$9,196$7,718$6,455$2,909
17 years$12,008$10,050$8,368$6,934$5,723$2,426
18 years$11,223$9,287$7,639$6,249$5,089$2,027
19 years$10,521$8,607$6,993$5,647$4,536$1,696
20 years$9,890$7,998$6,418$5,114$4,051$1,421
21 years$9,320$7,450$5,903$4,641$3,626$1,192
22 years$8,803$6,954$5,441$4,220$3,250$1,000
23 years$8,331$6,504$5,023$3,843$2,917$840
24 years$7,899$6,094$4,646$3,505$2,622$706
25 years$7,502$5,719$4,303$3,201$2,359$594
26 years$7,137$5,375$3,991$2,927$2,125$500
27 years$6,799$5,058$3,706$2,679$1,916$421
28 years$6,486$4,766$3,445$2,455$1,729$354
29 years$6,195$4,497$3,206$2,251$1,561$298
30 years$5,924$4,246$2,986$2,066$1,411$251
31 years$5,670$4,014$2,784$1,897$1,275$212
32 years$5,433$3,798$2,597$1,744$1,154$178
33 years$5,211$3,597$2,425$1,604$1,044$150
34 years$5,003$3,409$2,266$1,475$945$127
35 years$4,807$3,234$2,119$1,358$856$107
36 years$4,622$3,069$1,982$1,251$776$90
37 years$4,447$2,915$1,855$1,152$703$76
38 years$4,282$2,770$1,737$1,062$637$64
39 years$4,126$2,634$1,627$979$578$54
40 years$3,978$2,506$1,525$903$524$45
41 years$3,838$2,386$1,430$834$476$38
42 years$3,705$2,272$1,342$769$432$32
43 years$3,578$2,165$1,259$710$392$27
44 years$3,457$2,064$1,182$656$356$23
45 years$3,343$1,968$1,110$606$323$19
46 years$3,233$1,877$1,042$559$293$16
47 years$3,128$1,791$979$517$266$14
48 years$3,028$1,710$920$477$242$12
49 years$2,933$1,633$865$441$219$10
50 years$2,841$1,560$813$408$199$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,910,000, adding $4,737 every year, while hoping to spend $56,752 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: 84/7/9 Blend
29$2,910,000$2,910,000$2,910,000$2,910,000
30$3,211,706$3,057,476$3,012,371$3,477,268
31$3,478,917$3,146,909$3,052,902$3,740,970
32$3,771,480$3,238,822$3,092,888$4,022,434
33$4,091,923$3,333,276$3,132,252$4,329,839
34$4,443,028$3,430,335$3,170,911$4,665,759
35$4,827,858$3,530,062$3,208,778$5,033,026
36$5,249,787$3,632,523$3,245,759$5,434,759
37$5,712,532$3,737,783$3,281,759$5,874,395
38$6,220,185$3,845,910$3,316,673$6,355,718
39$6,777,256$3,956,971$3,350,393$6,882,897
40$7,388,710$4,071,037$3,382,806$7,460,523
41$8,060,019$4,188,178$3,413,790$8,093,655
42$8,797,207$4,308,465$3,443,218$8,787,864
43$9,606,912$4,431,970$3,470,956$9,549,288
44$10,496,448$4,558,767$3,496,864$10,384,689
45$11,473,870$4,688,931$3,520,793$11,301,515
46$12,548,053$4,822,537$3,542,588$12,307,973
47$13,728,774$4,959,661$3,562,084$13,413,104
48$15,026,804$5,100,379$3,579,109$14,626,868
49$16,454,010$5,244,770$3,593,481$15,960,241
50$18,023,468$5,392,912$3,605,011$17,425,313
51$19,749,581$5,544,884$3,613,499$19,035,407
52$21,648,221$5,700,766$3,618,734$20,805,199
53$23,736,874$5,860,638$3,620,496$22,750,862
54$26,034,806$6,024,581$3,618,554$24,890,217
55$28,563,246$6,192,675$3,612,665$27,242,896
56$31,345,583$6,365,002$3,602,575$29,830,534
57$34,407,588$6,541,642$3,588,016$32,676,967
58$37,777,657$6,722,678$3,568,710$35,808,463
59$41,487,079$6,908,190$3,544,363$39,253,963
60$45,570,329$7,098,259$3,514,667$43,045,359
61$50,065,395$7,292,967$3,479,301$47,217,790
62$55,014,135$7,492,391$3,437,927$51,809,979
63$60,462,672$7,696,613$3,390,192$56,864,595
64$66,461,827$7,905,711$3,335,727$62,428,654
65$73,067,604$8,119,761$3,274,144$68,553,966
66$80,341,710$8,338,839$3,205,038$75,297,622
67$88,352,142$8,563,021$3,127,985$82,722,533
68$97,173,830$8,792,378$3,042,541$90,898,022
69$106,889,337$9,026,981$2,948,243$99,900,481
70$117,589,645$9,266,899$2,844,605$109,814,089
71$129,375,009$9,512,197$2,731,119$120,731,608
72$142,355,903$9,762,938$2,607,255$132,755,259
73$156,654,065$10,019,181$2,472,458$145,997,684
74$172,403,642$10,280,983$2,326,148$160,583,012
75$189,752,458$10,548,396$2,167,718$176,648,029
76$208,863,408$10,821,467$1,996,536$194,343,468
77$229,915,995$11,100,238$1,811,939$213,835,434
78$253,108,024$11,384,747$1,613,237$235,306,971
79$278,657,470$11,675,027$1,399,707$258,959,788
80$306,804,530$11,971,101$1,170,596$285,016,165
81$337,813,896$12,272,989$925,115$313,721,050
82$371,977,249$12,580,702$662,442$345,344,372
83$409,616,014$12,894,242$381,720$380,183,588
84$451,084,392$13,213,604$82,051$418,566,492
85$496,772,701$13,538,772$0$460,854,307
86$547,111,066$13,869,721$0$507,467,929
87$602,573,472$14,206,414$0$558,833,083
88$663,682,241$14,548,804$0$615,425,380
89$731,012,962$14,896,827$0$677,777,628
90$805,199,923$15,250,411$0$746,476,968
91$886,942,099$15,609,465$0$822,170,420
92$977,009,748$15,973,884$0$905,570,990
93$1,076,251,684$16,343,546$0$997,464,398
94$1,185,603,285$16,718,309$0$1,098,716,495
95$1,306,095,329$17,098,015$0$1,210,281,440
96$1,438,863,717$17,482,482$0$1,333,210,701
97$1,585,160,200$17,871,508$0$1,468,662,983
98$1,746,364,195$18,264,866$0$1,617,915,168
99$1,923,995,804$18,662,305$0$1,782,374,366
100$2,119,730,164$19,063,546$0$1,963,591,198