Can I retire at age 30 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$241,131$238,983$236,887$234,842$232,845$229,840
2 years$119,372$117,149$114,994$112,905$110,879$107,855
3 years$78,791$76,558$74,409$72,339$70,346$67,399
4 years$58,504$56,278$54,150$52,116$50,171$47,322
5 years$46,335$44,123$42,023$40,030$38,139$35,397
6 years$38,225$36,030$33,961$32,013$30,178$27,546
7 years$32,435$30,258$28,222$26,319$24,543$22,022
8 years$28,094$25,936$23,934$22,079$20,361$17,951
9 years$24,720$22,582$20,614$18,806$17,147$14,846
10 years$22,022$19,905$17,972$16,211$14,610$12,417
11 years$19,816$17,720$15,822$14,108$12,565$10,479
12 years$17,979$15,905$14,042$12,375$10,889$8,906
13 years$16,425$14,373$12,546$10,925$9,495$7,614
14 years$15,095$13,065$11,272$9,698$8,323$6,540
15 years$13,944$11,935$10,177$8,649$7,329$5,641
16 years$12,937$10,950$9,227$7,744$6,477$4,881
17 years$12,049$10,085$8,396$6,958$5,743$4,236
18 years$11,261$9,319$7,665$6,271$5,106$3,686
19 years$10,557$8,637$7,017$5,666$4,551$3,213
20 years$9,924$8,025$6,440$5,132$4,065$2,806
21 years$9,352$7,475$5,923$4,657$3,638$2,455
22 years$8,833$6,978$5,459$4,235$3,261$2,150
23 years$8,360$6,526$5,041$3,857$2,927$1,886
24 years$7,926$6,115$4,662$3,517$2,631$1,655
25 years$7,528$5,738$4,318$3,212$2,368$1,454
26 years$7,161$5,393$4,004$2,937$2,133$1,279
27 years$6,822$5,076$3,718$2,688$1,923$1,125
28 years$6,508$4,783$3,457$2,463$1,735$990
29 years$6,216$4,512$3,217$2,259$1,567$872
30 years$5,944$4,261$2,996$2,073$1,416$769
31 years$5,690$4,028$2,793$1,904$1,280$678
32 years$5,452$3,811$2,606$1,750$1,158$598
33 years$5,229$3,609$2,434$1,609$1,048$527
34 years$5,020$3,421$2,274$1,480$949$465
35 years$4,823$3,245$2,126$1,363$859$411
36 years$4,638$3,080$1,989$1,255$778$362
37 years$4,463$2,925$1,861$1,156$706$320
38 years$4,297$2,780$1,743$1,066$640$283
39 years$4,140$2,643$1,633$983$580$250
40 years$3,992$2,515$1,531$907$526$220
41 years$3,851$2,394$1,435$836$477$195
42 years$3,718$2,280$1,346$772$433$172
43 years$3,590$2,172$1,263$713$393$152
44 years$3,469$2,071$1,186$658$357$134
45 years$3,354$1,975$1,113$608$324$119
46 years$3,244$1,884$1,046$561$294$105
47 years$3,139$1,798$983$519$267$93
48 years$3,039$1,716$923$479$243$82
49 years$2,943$1,639$868$443$220$72
50 years$2,851$1,565$816$409$200$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,920,000, adding $3,168 every year, while hoping to spend $27,646 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: 75/15/10 Blend
29$2,920,000$2,920,000$2,920,000$2,920,000
30$3,221,108$3,066,348$3,021,088$3,456,680
31$3,520,246$3,187,184$3,092,879$3,733,200
32$3,848,969$3,313,014$3,166,149$4,032,343
33$4,210,266$3,444,054$3,240,917$4,359,385
34$4,607,430$3,580,530$3,317,205$4,717,086
35$5,044,088$3,722,675$3,395,031$5,108,482
36$5,524,236$3,870,737$3,474,415$5,536,917
37$6,052,276$4,024,972$3,555,377$6,006,074
38$6,633,061$4,185,648$3,637,935$6,520,004
39$7,271,935$4,353,047$3,722,107$7,083,173
40$7,974,786$4,527,460$3,807,911$7,700,495
41$8,748,103$4,709,194$3,895,366$8,377,383
42$9,599,036$4,898,570$3,984,486$9,119,797
43$10,535,459$5,095,923$4,075,288$9,934,303
44$11,566,054$5,301,601$4,167,788$10,828,130
45$12,700,383$5,515,970$4,262,000$11,809,242
46$13,948,983$5,739,414$4,357,938$12,886,408
47$15,323,464$5,972,330$4,455,615$14,069,290
48$16,836,621$6,215,138$4,555,041$15,368,529
49$18,502,550$6,468,273$4,656,229$16,795,845
50$20,336,785$6,732,193$4,759,187$18,364,149
51$22,356,441$7,007,375$4,863,924$20,087,665
52$24,580,379$7,294,317$4,970,446$21,982,059
53$27,029,381$7,593,542$5,078,760$24,064,592
54$29,726,349$7,905,597$5,188,869$26,354,277
55$32,696,517$8,231,051$5,300,776$28,872,061
56$35,967,691$8,570,502$5,414,481$31,641,021
57$39,570,512$8,924,574$5,529,984$34,686,579
58$43,538,747$9,293,920$5,647,280$38,036,745
59$47,909,600$9,679,223$5,766,366$41,722,377
60$52,724,073$10,081,198$5,887,232$45,777,473
61$58,027,344$10,500,593$6,009,870$50,239,492
62$63,869,199$10,938,188$6,134,267$55,149,702
63$70,304,500$11,394,802$6,260,408$60,553,575
64$77,393,702$11,871,291$6,388,275$66,501,209
65$85,203,425$12,368,548$6,517,846$73,047,804
66$93,807,079$12,887,512$6,649,099$80,254,180
67$103,285,562$13,429,162$6,782,005$88,187,350
68$113,728,021$13,994,522$6,916,534$96,921,152
69$125,232,692$14,584,666$7,052,650$106,536,943
70$137,907,827$15,200,716$7,190,315$117,124,369
71$151,872,721$15,843,847$7,329,486$128,782,204
72$167,258,831$16,515,287$7,470,116$141,619,288
73$184,211,019$17,216,323$7,612,152$155,755,547
74$202,888,921$17,948,301$7,755,538$171,323,127
75$223,468,454$18,712,631$7,900,211$188,467,636
76$246,143,471$19,510,785$8,046,103$207,349,522
77$271,127,600$20,344,308$8,193,142$228,145,582
78$298,656,251$21,214,815$8,341,248$251,050,629
79$328,988,844$22,123,996$8,490,335$276,279,332
80$362,411,255$23,073,621$8,640,311$304,068,237
81$399,238,517$24,065,543$8,791,075$334,677,998
82$439,817,791$25,101,700$8,942,522$368,395,841
83$484,531,645$26,184,122$9,094,535$405,538,264
84$533,801,664$27,314,935$9,246,993$446,454,030
85$588,092,430$28,496,364$9,399,764$491,527,453
86$647,915,909$29,730,736$9,552,707$541,182,024
87$713,836,281$31,020,492$9,705,672$595,884,409
88$786,475,269$32,368,183$9,858,500$656,148,845
89$866,518,006$33,776,484$10,011,019$722,542,000
90$954,719,504$35,248,192$10,163,049$795,688,311
91$1,051,911,779$36,786,239$10,314,397$876,275,884
92$1,159,011,709$38,393,694$10,464,857$965,062,978
93$1,277,029,687$40,073,768$10,614,214$1,062,885,169
94$1,407,079,160$41,829,828$10,762,235$1,170,663,225
95$1,550,387,142$43,665,397$10,908,678$1,289,411,804
96$1,708,305,794$45,584,165$11,053,282$1,420,249,021
97$1,882,325,192$47,589,996$11,195,774$1,564,407,004
98$2,074,087,393$49,686,938$11,335,864$1,723,243,521
99$2,285,401,937$51,879,228$11,473,246$1,898,254,792
100$2,518,262,931$54,171,306$11,607,595$2,091,089,612