Can I retire at age 30 with 2,970,000?

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 $2,970,000?

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$245,260$243,075$240,944$238,863$236,832$228,611
2 years$121,416$119,154$116,963$114,838$112,777$104,580
3 years$80,140$77,869$75,683$73,578$71,550$63,634
4 years$59,506$57,242$55,078$53,009$51,030$43,455
5 years$47,129$44,878$42,743$40,716$38,792$31,579
6 years$38,880$36,646$34,542$32,561$30,695$23,849
7 years$32,990$30,776$28,705$26,770$24,963$18,483
8 years$28,575$26,380$24,344$22,457$20,710$14,590
9 years$25,143$22,969$20,967$19,128$17,440$11,673
10 years$22,399$20,246$18,280$16,489$14,860$9,436
11 years$20,155$18,024$16,093$14,350$12,780$7,689
12 years$18,286$16,177$14,282$12,587$11,075$6,304
13 years$16,707$14,619$12,760$11,112$9,658$5,195
14 years$15,354$13,289$11,465$9,864$8,466$4,298
15 years$14,182$12,139$10,352$8,797$7,454$3,567
16 years$13,158$11,138$9,385$7,877$6,588$2,969
17 years$12,256$10,257$8,540$7,077$5,841$2,476
18 years$11,454$9,478$7,796$6,378$5,194$2,069
19 years$10,738$8,784$7,137$5,763$4,629$1,731
20 years$10,094$8,163$6,550$5,220$4,135$1,450
21 years$9,512$7,603$6,025$4,737$3,700$1,216
22 years$8,984$7,098$5,553$4,307$3,317$1,021
23 years$8,503$6,638$5,127$3,923$2,977$858
24 years$8,062$6,220$4,742$3,578$2,676$721
25 years$7,657$5,837$4,392$3,267$2,408$606
26 years$7,284$5,486$4,073$2,987$2,169$510
27 years$6,939$5,163$3,782$2,735$1,956$429
28 years$6,619$4,865$3,516$2,505$1,765$361
29 years$6,322$4,589$3,272$2,298$1,593$304
30 years$6,046$4,334$3,048$2,109$1,440$256
31 years$5,787$4,097$2,841$1,937$1,302$216
32 years$5,545$3,877$2,651$1,780$1,177$182
33 years$5,319$3,671$2,475$1,637$1,066$153
34 years$5,106$3,480$2,313$1,506$965$129
35 years$4,906$3,300$2,162$1,386$874$109
36 years$4,717$3,132$2,023$1,277$792$92
37 years$4,539$2,975$1,893$1,176$718$77
38 years$4,371$2,827$1,773$1,084$651$65
39 years$4,211$2,689$1,661$1,000$590$55
40 years$4,060$2,558$1,557$922$535$46
41 years$3,917$2,435$1,460$851$485$39
42 years$3,781$2,319$1,369$785$441$33
43 years$3,652$2,210$1,285$725$400$28
44 years$3,529$2,106$1,206$669$363$23
45 years$3,411$2,008$1,133$618$329$20
46 years$3,300$1,916$1,064$571$299$17
47 years$3,193$1,828$999$527$272$14
48 years$3,091$1,745$939$487$247$12
49 years$2,993$1,667$883$450$224$10
50 years$2,900$1,592$830$416$203$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,970,000, adding $3,718 every year, while hoping to spend $21,131 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: 32/50/18 Blend
29$2,970,000$2,970,000$2,970,000$2,970,000
30$3,276,775$3,119,365$3,073,330$3,363,118
31$3,588,523$3,249,731$3,153,803$3,558,063
32$3,931,361$3,385,776$3,236,264$3,765,702
33$4,308,438$3,527,757$3,320,757$3,988,908
34$4,723,223$3,675,942$3,407,327$4,229,053
35$5,179,539$3,830,610$3,496,020$4,487,640
36$5,681,597$3,992,056$3,586,882$4,766,318
37$6,234,038$4,160,585$3,679,961$5,066,892
38$6,841,976$4,336,519$3,775,305$5,391,343
39$7,511,043$4,520,193$3,872,963$5,741,843
40$8,247,447$4,711,961$3,972,985$6,120,775
41$9,058,028$4,912,188$4,075,422$6,530,753
42$9,950,323$5,121,261$4,180,324$6,974,647
43$10,932,635$5,339,583$4,287,744$7,455,605
44$12,014,116$5,567,574$4,397,736$7,977,087
45$13,204,848$5,805,678$4,510,352$8,542,889
46$14,515,941$6,054,355$4,625,648$9,157,181
47$15,959,638$6,314,089$4,743,678$9,824,546
48$17,549,429$6,585,387$4,864,499$10,550,015
49$19,300,179$6,868,779$4,988,168$11,339,121
50$21,228,267$7,164,820$5,114,742$12,197,940
51$23,351,744$7,474,089$5,244,279$13,133,153
52$25,690,499$7,797,196$5,376,839$14,152,105
53$28,266,448$8,134,777$5,512,482$15,262,868
54$31,103,743$8,487,499$5,651,267$16,474,320
55$34,228,996$8,856,058$5,793,256$17,796,225
56$37,671,535$9,241,186$5,938,511$19,239,317
57$41,463,675$9,643,647$6,087,094$20,815,406
58$45,641,026$10,064,242$6,239,069$22,537,482
59$50,242,832$10,503,811$6,394,499$24,419,834
60$55,312,334$10,963,231$6,553,447$26,478,185
61$60,897,184$11,443,421$6,715,980$28,729,832
62$67,049,893$11,945,345$6,882,161$31,193,811
63$73,828,326$12,470,011$7,052,058$33,891,067
64$81,296,248$13,018,475$7,225,735$36,844,655
65$89,523,928$13,591,842$7,403,260$40,079,944
66$98,588,798$14,191,272$7,584,698$43,624,863
67$108,576,188$14,817,977$7,770,118$47,510,149
68$119,580,129$15,473,227$7,959,587$51,769,641
69$131,704,240$16,158,354$8,153,171$56,440,590
70$145,062,710$16,874,750$8,350,939$61,564,006
71$159,781,369$17,623,876$8,552,959$67,185,043
72$175,998,883$18,407,260$8,759,297$73,353,411
73$193,868,058$19,226,504$8,970,022$80,123,851
74$213,557,282$20,083,286$9,185,201$87,556,636
75$235,252,121$20,979,363$9,404,901$95,718,136
76$259,157,060$21,916,575$9,629,188$104,681,442
77$285,497,445$22,896,851$9,858,130$114,527,040
78$314,521,598$23,922,211$10,091,792$125,343,573
79$346,503,173$24,994,771$10,330,239$137,228,664
80$381,743,731$26,116,749$10,573,535$150,289,830
81$420,575,588$27,290,466$10,821,745$164,645,490
82$463,364,955$28,518,356$11,074,931$180,426,072
83$510,515,393$29,802,969$11,333,154$197,775,237
84$562,471,624$31,146,975$11,596,475$216,851,223
85$619,723,725$32,553,172$11,864,953$237,828,331
86$682,811,761$34,024,493$12,138,644$260,898,557
87$752,330,877$35,564,009$12,417,605$286,273,396
88$828,936,920$37,174,940$12,701,889$314,185,824
89$913,352,632$38,860,658$12,991,548$344,892,487
90$1,006,374,466$40,624,696$13,286,631$378,676,109
91$1,108,880,113$42,470,758$13,587,185$415,848,151
92$1,221,836,784$44,402,724$13,893,254$456,751,733
93$1,346,310,338$46,424,659$14,204,880$501,764,860
94$1,483,475,349$48,540,825$14,522,101$551,303,978
95$1,634,626,195$50,755,685$14,844,951$605,827,882
96$1,801,189,272$53,073,919$15,173,463$665,842,037
97$1,984,736,466$55,500,429$15,507,662$731,903,332
98$2,186,999,990$58,040,354$15,847,573$804,625,311
99$2,409,888,735$60,699,078$16,193,213$884,683,956
100$2,655,506,297$63,482,244$16,544,596$972,824,040