Can I retire at age 30 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$241,957$239,801$237,699$235,646$233,642$227,257
2 years$119,781$117,550$115,388$113,292$111,258$104,872
3 years$79,060$76,820$74,664$72,587$70,587$64,399
4 years$58,704$56,471$54,336$52,295$50,343$44,402
5 years$46,494$44,274$42,167$40,167$38,270$32,591
6 years$38,356$36,153$34,077$32,122$30,282$24,871
7 years$32,546$30,361$28,318$26,409$24,627$19,485
8 years$28,190$26,025$24,016$22,154$20,431$15,554
9 years$24,804$22,660$20,685$18,870$17,206$12,590
10 years$22,097$19,973$18,034$16,267$14,660$10,299
11 years$19,884$17,781$15,877$14,157$12,608$8,495
12 years$18,040$15,959$14,090$12,417$10,926$7,054
13 years$16,482$14,423$12,589$10,963$9,528$5,888
14 years$15,147$13,110$11,311$9,731$8,352$4,936
15 years$13,991$11,976$10,212$8,679$7,354$4,152
16 years$12,981$10,988$9,259$7,771$6,499$3,503
17 years$12,091$10,119$8,425$6,982$5,763$2,963
18 years$11,300$9,351$7,691$6,292$5,124$2,511
19 years$10,593$8,666$7,041$5,686$4,567$2,131
20 years$9,958$8,053$6,462$5,149$4,079$1,812
21 years$9,384$7,501$5,944$4,673$3,651$1,542
22 years$8,863$7,002$5,478$4,249$3,272$1,314
23 years$8,388$6,549$5,058$3,870$2,937$1,120
24 years$7,953$6,136$4,678$3,530$2,640$956
25 years$7,554$5,758$4,332$3,223$2,376$816
26 years$7,186$5,412$4,018$2,947$2,140$697
27 years$6,846$5,093$3,731$2,698$1,929$596
28 years$6,530$4,799$3,469$2,472$1,741$509
29 years$6,237$4,527$3,228$2,267$1,572$436
30 years$5,964$4,276$3,007$2,080$1,420$373
31 years$5,709$4,042$2,803$1,910$1,284$319
32 years$5,471$3,824$2,615$1,756$1,162$273
33 years$5,247$3,622$2,442$1,615$1,051$234
34 years$5,037$3,433$2,282$1,486$952$200
35 years$4,840$3,256$2,133$1,368$862$171
36 years$4,654$3,090$1,995$1,259$781$147
37 years$4,478$2,935$1,868$1,160$708$126
38 years$4,312$2,789$1,749$1,070$642$108
39 years$4,155$2,652$1,639$986$582$92
40 years$4,006$2,524$1,536$910$528$79
41 years$3,865$2,402$1,440$839$479$68
42 years$3,730$2,288$1,351$775$435$58
43 years$3,603$2,180$1,268$715$394$50
44 years$3,481$2,078$1,190$660$358$43
45 years$3,366$1,981$1,117$610$325$36
46 years$3,255$1,890$1,049$563$295$31
47 years$3,150$1,804$986$520$268$27
48 years$3,049$1,722$926$481$243$23
49 years$2,953$1,644$871$444$221$20
50 years$2,861$1,571$819$411$201$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,930,000, adding $6,300 every year, while hoping to spend $47,004 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: 40/31/29 Blend
29$2,930,000$2,930,000$2,930,000$2,930,000
30$3,235,358$3,080,068$3,034,653$3,336,858
31$3,515,353$3,180,980$3,086,302$3,512,288
32$3,822,332$3,285,261$3,138,106$3,697,145
33$4,158,997$3,393,026$3,190,021$3,896,258
34$4,528,327$3,504,396$3,241,998$4,110,963
35$4,933,599$3,619,494$3,293,987$4,342,731
36$5,378,425$3,738,448$3,345,935$4,593,180
37$5,866,784$3,861,392$3,397,783$4,864,089
38$6,403,057$3,988,462$3,449,471$5,157,417
39$6,992,074$4,119,801$3,500,933$5,475,318
40$7,639,151$4,255,557$3,552,100$5,820,164
41$8,350,147$4,395,882$3,602,898$6,194,565
42$9,131,517$4,540,935$3,653,250$6,601,395
43$9,990,371$4,690,880$3,703,072$7,043,817
44$10,934,542$4,845,886$3,752,279$7,525,312
45$11,972,660$5,006,130$3,800,775$8,049,714
46$13,114,235$5,171,794$3,848,465$8,621,246
47$14,369,742$5,343,067$3,895,244$9,244,555
48$15,750,724$5,520,145$3,941,002$9,924,759
49$17,269,896$5,703,230$3,985,624$10,667,497
50$18,941,270$5,892,533$4,028,987$11,478,977
51$20,780,285$6,088,273$4,070,964$12,366,034
52$22,803,951$6,290,674$4,111,417$13,336,202
53$25,031,008$6,499,972$4,150,204$14,397,774
54$27,482,108$6,716,408$4,187,173$15,559,887
55$30,180,006$6,940,235$4,222,166$16,832,605
56$33,149,773$7,171,713$4,255,015$18,227,016
57$36,419,036$7,411,112$4,285,544$19,755,332
58$40,018,235$7,658,714$4,313,567$21,431,008
59$43,980,912$7,914,809$4,338,889$23,268,864
60$48,344,029$8,179,698$4,361,306$25,285,230
61$53,148,311$8,453,694$4,380,600$27,498,096
62$58,438,635$8,737,122$4,396,547$29,927,280
63$64,264,452$9,030,317$4,408,907$32,594,620
64$70,680,252$9,333,628$4,417,432$35,524,173
65$77,746,080$9,647,418$4,421,858$38,742,445
66$85,528,100$9,972,062$4,421,910$42,278,643
67$94,099,221$10,307,948$4,417,299$46,164,945
68$103,539,786$10,655,482$4,407,723$50,436,807
69$113,938,325$11,015,081$4,392,863$55,133,293
70$125,392,396$11,387,182$4,372,385$60,297,450
71$138,009,501$11,772,235$4,345,941$65,976,707
72$151,908,105$12,170,708$4,313,164$72,223,325
73$167,218,747$12,583,089$4,273,671$79,094,890
74$184,085,279$13,009,880$4,227,059$86,654,856
75$202,666,219$13,451,606$4,172,908$94,973,143
76$223,136,250$13,908,811$4,110,776$104,126,793
77$245,687,862$14,382,057$4,040,202$114,200,705
78$270,533,178$14,871,932$3,960,702$125,288,427
79$297,905,948$15,379,043$3,871,772$137,493,043
80$328,063,761$15,904,022$3,772,882$150,928,144
81$361,290,469$16,447,524$3,663,479$165,718,902
82$397,898,874$17,010,230$3,542,982$182,003,246
83$438,233,675$17,592,847$3,410,788$199,933,171
84$482,674,723$18,196,109$3,266,262$219,676,162
85$531,640,606$18,820,780$3,108,743$241,416,785
86$585,592,600$19,467,650$2,937,539$265,358,420
87$645,039,025$20,137,544$2,751,925$291,725,185
88$710,540,038$20,831,317$2,551,147$320,764,051
89$782,712,925$21,549,855$2,334,415$352,747,170
90$862,237,929$22,294,083$2,100,902$387,974,445
91$949,864,663$23,064,959$1,849,748$426,776,361
92$1,046,419,196$23,863,479$1,580,052$469,517,104
93$1,152,811,844$24,690,679$1,290,874$516,597,996
94$1,270,045,766$25,547,636$981,232$568,461,286
95$1,399,226,432$26,435,468$650,101$625,594,323
96$1,541,572,060$27,355,338$296,411$688,534,155
97$1,698,425,114$28,308,454$0$757,872,600
98$1,871,264,980$29,296,072$0$834,286,907
99$2,061,721,929$30,319,500$0$918,570,194
100$2,271,592,505$31,380,096$0$1,011,423,001