Can I retire at age 30 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$244,434$242,257$240,132$238,059$236,035$231,933
2 years$121,007$118,753$116,569$114,451$112,397$108,279
3 years$79,870$77,607$75,428$73,330$71,310$67,302
4 years$59,306$57,049$54,892$52,830$50,859$46,993
5 years$46,970$44,727$42,599$40,579$38,662$34,949
6 years$38,749$36,523$34,426$32,451$30,592$27,036
7 years$32,879$30,672$28,608$26,680$24,879$21,481
8 years$28,479$26,292$24,262$22,381$20,640$17,399
9 years$25,058$22,892$20,897$19,064$17,382$14,297
10 years$22,323$20,178$18,218$16,433$14,810$11,878
11 years$20,087$17,963$16,039$14,302$12,737$9,954
12 years$18,225$16,123$14,234$12,545$11,038$8,401
13 years$16,650$14,570$12,717$11,075$9,625$7,130
14 years$15,302$13,244$11,427$9,831$8,437$6,080
15 years$14,135$12,099$10,317$8,768$7,429$5,204
16 years$13,114$11,100$9,354$7,850$6,566$4,470
17 years$12,214$10,223$8,511$7,054$5,822$3,849
18 years$11,416$9,446$7,770$6,357$5,176$3,322
19 years$10,702$8,755$7,113$5,744$4,614$2,873
20 years$10,060$8,135$6,528$5,202$4,121$2,489
21 years$9,480$7,578$6,004$4,721$3,688$2,159
22 years$8,954$7,074$5,534$4,293$3,306$1,875
23 years$8,474$6,616$5,110$3,909$2,967$1,630
24 years$8,035$6,199$4,726$3,566$2,667$1,419
25 years$7,631$5,817$4,377$3,256$2,400$1,236
26 years$7,260$5,467$4,059$2,977$2,162$1,077
27 years$6,916$5,145$3,769$2,725$1,949$939
28 years$6,597$4,848$3,504$2,497$1,759$820
29 years$6,301$4,574$3,261$2,290$1,588$716
30 years$6,025$4,319$3,037$2,101$1,435$625
31 years$5,768$4,083$2,832$1,930$1,297$546
32 years$5,527$3,864$2,642$1,774$1,173$477
33 years$5,301$3,659$2,467$1,631$1,062$417
34 years$5,089$3,468$2,305$1,501$962$365
35 years$4,889$3,289$2,155$1,382$871$319
36 years$4,701$3,122$2,016$1,272$789$279
37 years$4,524$2,965$1,887$1,172$715$244
38 years$4,356$2,818$1,767$1,081$648$213
39 years$4,197$2,680$1,655$996$588$187
40 years$4,047$2,549$1,552$919$533$163
41 years$3,904$2,427$1,455$848$484$143
42 years$3,769$2,311$1,365$782$439$125
43 years$3,640$2,202$1,281$722$398$110
44 years$3,517$2,099$1,202$667$362$96
45 years$3,400$2,002$1,129$616$328$84
46 years$3,288$1,909$1,060$569$298$73
47 years$3,182$1,822$996$526$271$64
48 years$3,080$1,740$936$486$246$56
49 years$2,983$1,661$880$449$223$49
50 years$2,890$1,587$827$415$203$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,960,000, adding $2,532 every year, while hoping to spend $34,440 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: 76/15/9 Blend
29$2,960,000$2,960,000$2,960,000$2,960,000
30$3,264,532$3,107,652$3,061,772$3,507,661
31$3,560,870$3,223,283$3,127,697$3,783,627
32$3,886,281$3,343,425$3,194,677$4,081,401
33$4,243,692$3,468,265$3,262,710$4,406,816
34$4,636,332$3,597,993$3,331,794$4,762,606
35$5,067,754$3,732,810$3,401,925$5,151,779
36$5,541,875$3,872,928$3,473,099$5,577,647
37$6,063,007$4,018,563$3,545,309$6,043,857
38$6,635,905$4,169,943$3,618,548$6,554,425
39$7,265,805$4,327,308$3,692,807$7,113,772
40$7,958,475$4,490,903$3,768,073$7,726,770
41$8,720,271$4,660,989$3,844,336$8,398,780
42$9,558,196$4,837,836$3,921,579$9,135,709
43$10,479,966$5,021,724$3,999,786$9,944,062
44$11,494,082$5,212,948$4,078,938$10,831,003
45$12,609,911$5,411,814$4,159,014$11,804,424
46$13,837,772$5,618,643$4,239,991$12,873,015
47$15,189,037$5,833,769$4,321,843$14,046,351
48$16,676,234$6,057,540$4,404,541$15,334,978
49$18,313,171$6,290,319$4,488,054$16,750,513
50$20,115,058$6,532,488$4,572,347$18,305,752
51$22,098,656$6,784,443$4,657,383$20,014,793
52$24,282,435$7,046,597$4,743,122$21,893,165
53$26,686,746$7,319,382$4,829,518$23,957,977
54$29,334,012$7,603,250$4,916,526$26,228,076
55$32,248,944$7,898,673$5,004,092$28,724,227
56$35,458,770$8,206,141$5,092,162$31,469,305
57$38,993,491$8,526,168$5,180,677$34,488,515
58$42,886,168$8,859,292$5,269,571$37,809,623
59$47,173,232$9,206,072$5,358,776$41,463,222
60$51,894,826$9,567,093$5,448,219$45,483,019
61$57,095,185$9,942,968$5,537,821$49,906,151
62$62,823,053$10,334,333$5,627,498$54,773,536
63$69,132,146$10,741,856$5,717,160$60,130,255
64$76,081,651$11,166,234$5,806,711$66,025,985
65$83,736,794$11,608,194$5,896,051$72,515,455
66$92,169,449$12,068,496$5,985,070$79,658,971
67$101,458,816$12,547,936$6,073,653$87,522,982
68$111,692,173$13,047,343$6,161,678$96,180,702
69$122,965,697$13,567,585$6,249,016$105,712,807
70$135,385,368$14,109,567$6,335,529$116,208,188
71$149,067,978$14,674,238$6,421,071$127,764,795
72$164,142,222$15,262,586$6,505,488$140,490,555
73$180,749,923$15,875,647$6,588,616$154,504,396
74$199,047,362$16,514,501$6,670,282$169,937,361
75$219,206,761$17,180,279$6,750,304$186,933,848
76$241,417,900$17,874,162$6,828,488$205,652,973
77$265,889,914$18,597,385$6,904,631$226,270,066
78$292,853,267$19,351,238$6,978,518$248,978,327
79$322,561,923$20,137,072$7,049,921$273,990,649
80$355,295,747$20,956,296$7,118,602$301,541,624
81$391,363,146$21,810,387$7,184,307$331,889,758
82$431,103,976$22,700,886$7,246,771$365,319,907
83$474,892,758$23,629,405$7,305,714$402,145,966
84$523,142,205$24,597,632$7,360,841$442,713,830
85$576,307,123$25,607,329$7,411,842$487,404,657
86$634,888,702$26,660,340$7,458,391$536,638,463
87$699,439,246$27,758,593$7,500,144$590,878,087
88$770,567,391$28,904,106$7,536,740$650,633,557
89$848,943,844$30,098,987$7,567,801$716,466,903
90$935,307,722$31,345,443$7,592,928$788,997,457
91$1,030,473,520$32,645,780$7,611,701$868,907,703
92$1,135,338,809$34,002,413$7,623,683$956,949,713
93$1,250,892,702$35,417,866$7,628,411$1,053,952,243
94$1,378,225,197$36,894,780$7,625,402$1,160,828,561
95$1,518,537,461$38,435,919$7,614,147$1,278,585,055
96$1,673,153,175$40,044,172$7,594,114$1,408,330,742
97$1,843,531,026$41,722,563$7,564,744$1,551,287,724
98$2,031,278,479$43,474,257$7,525,451$1,708,802,730
99$2,238,166,951$45,302,563$7,475,621$1,882,359,824
100$2,466,148,537$47,210,946$7,414,612$2,073,594,406