Can I retire at age 30 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$246,911$244,712$242,566$240,472$238,427$232,286
2 years$122,233$119,957$117,751$115,611$113,537$107,391
3 years$80,679$78,393$76,192$74,073$72,032$66,073
4 years$59,907$57,627$55,449$53,366$51,374$45,648
5 years$47,446$45,180$43,030$40,990$39,054$33,577
6 years$39,142$36,893$34,775$32,780$30,902$25,679
7 years$33,213$30,983$28,898$26,950$25,131$20,163
8 years$28,768$26,558$24,508$22,608$20,849$16,133
9 years$25,312$23,124$21,109$19,257$17,558$13,090
10 years$22,550$20,382$18,403$16,600$14,960$10,735
11 years$20,291$18,145$16,202$14,447$12,866$8,878
12 years$18,410$16,286$14,379$12,672$11,150$7,391
13 years$16,819$14,718$12,846$11,187$9,723$6,186
14 years$15,457$13,378$11,542$9,931$8,523$5,200
15 years$14,278$12,221$10,421$8,856$7,504$4,387
16 years$13,247$11,213$9,448$7,930$6,632$3,711
17 years$12,338$10,326$8,598$7,125$5,881$3,148
18 years$11,531$9,542$7,849$6,421$5,229$2,676
19 years$10,810$8,844$7,185$5,802$4,660$2,278
20 years$10,162$8,218$6,594$5,255$4,163$1,942
21 years$9,576$7,655$6,065$4,769$3,725$1,658
22 years$9,045$7,145$5,590$4,336$3,339$1,417
23 years$8,560$6,683$5,161$3,949$2,997$1,212
24 years$8,116$6,261$4,773$3,602$2,694$1,038
25 years$7,709$5,876$4,421$3,289$2,424$889
26 years$7,333$5,523$4,100$3,008$2,184$762
27 years$6,986$5,197$3,808$2,753$1,969$653
28 years$6,664$4,897$3,540$2,522$1,777$560
29 years$6,365$4,620$3,294$2,313$1,604$481
30 years$6,086$4,363$3,068$2,123$1,449$413
31 years$5,826$4,125$2,860$1,950$1,310$354
32 years$5,583$3,903$2,669$1,792$1,185$304
33 years$5,355$3,696$2,492$1,648$1,073$261
34 years$5,140$3,503$2,328$1,516$971$224
35 years$4,939$3,323$2,177$1,396$880$193
36 years$4,749$3,154$2,036$1,285$797$166
37 years$4,570$2,995$1,906$1,184$722$142
38 years$4,400$2,846$1,785$1,091$655$122
39 years$4,240$2,707$1,672$1,006$594$105
40 years$4,088$2,575$1,567$928$539$90
41 years$3,944$2,451$1,470$856$489$78
42 years$3,807$2,335$1,379$790$443$67
43 years$3,676$2,224$1,294$730$402$57
44 years$3,553$2,120$1,214$674$365$49
45 years$3,434$2,022$1,140$622$332$42
46 years$3,322$1,929$1,071$575$301$36
47 years$3,214$1,841$1,006$531$273$31
48 years$3,112$1,757$945$491$248$27
49 years$3,013$1,678$889$453$226$23
50 years$2,919$1,603$835$419$205$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,990,000, adding $3,841 every year, while hoping to spend $44,305 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: 67/20/13 Blend
29$2,990,000$2,990,000$2,990,000$2,990,000
30$3,298,942$3,140,472$3,094,127$3,509,996
31$3,588,294$3,247,215$3,150,640$3,757,840
32$3,905,675$3,357,703$3,207,561$4,023,125
33$4,253,897$3,472,074$3,264,858$4,312,051
34$4,636,058$3,590,469$3,322,494$4,626,929
35$5,055,569$3,713,036$3,380,431$4,970,304
36$5,516,190$3,839,927$3,438,628$5,344,978
37$6,022,059$3,971,302$3,497,041$5,754,036
38$6,577,739$4,107,325$3,555,621$6,200,872
39$7,188,254$4,248,169$3,614,320$6,689,227
40$7,859,138$4,394,012$3,673,081$7,223,217
41$8,596,489$4,545,037$3,731,848$7,807,375
42$9,407,024$4,701,438$3,790,559$8,446,695
43$10,298,146$4,863,414$3,849,148$9,146,672
44$11,278,008$5,031,172$3,907,546$9,913,363
45$12,355,594$5,204,928$3,965,677$10,753,435
46$13,540,800$5,384,906$4,023,464$11,674,233
47$14,844,534$5,571,338$4,080,822$12,683,846
48$16,278,809$5,764,466$4,137,662$13,791,185
49$17,856,865$5,964,542$4,193,891$15,006,065
50$19,593,287$6,171,827$4,249,408$16,339,296
51$21,504,147$6,386,591$4,304,108$17,802,789
52$23,607,155$6,609,118$4,357,880$19,409,661
53$25,921,820$6,839,701$4,410,605$21,174,367
54$28,469,644$7,078,645$4,462,158$23,112,826
55$31,274,315$7,326,266$4,512,408$25,242,580
56$34,361,938$7,582,895$4,561,216$27,582,951
57$37,761,273$7,848,875$4,608,435$30,155,228
58$41,504,015$8,124,561$4,653,909$32,982,867
59$45,625,085$8,410,326$4,697,476$36,091,709
60$50,162,967$8,706,554$4,738,964$39,510,223
61$55,160,062$9,013,648$4,778,192$43,269,778
62$60,663,095$9,332,024$4,814,968$47,404,934
63$66,723,554$9,662,117$4,849,094$51,953,773
64$73,398,174$10,004,378$4,880,356$56,958,249
65$80,749,473$10,359,278$4,908,533$62,464,591
66$88,846,343$10,727,305$4,933,392$68,523,738
67$97,764,696$11,108,969$4,954,686$75,191,811
68$107,588,186$11,504,800$4,972,159$82,530,654
69$118,408,994$11,915,348$4,985,540$90,608,406
70$130,328,698$12,341,188$4,994,543$99,500,149
71$143,459,236$12,782,916$4,998,870$109,288,617
72$157,923,954$13,241,155$4,998,208$120,064,970
73$173,858,777$13,716,552$4,992,228$131,929,659
74$191,413,490$14,209,780$4,980,585$144,993,372
75$210,753,149$14,721,542$4,962,917$159,378,074
76$232,059,640$15,252,568$4,938,845$175,218,163
77$255,533,398$15,803,618$4,907,972$192,661,735
78$281,395,295$16,375,486$4,869,879$211,871,978
79$309,888,727$16,968,997$4,824,132$233,028,717
80$341,281,909$17,585,009$4,770,272$256,330,104
81$375,870,408$18,224,419$4,707,820$281,994,494
82$413,979,933$18,888,159$4,636,276$310,262,499
83$455,969,408$19,577,200$4,555,113$341,399,259
84$502,234,360$20,292,556$4,463,781$375,696,950
85$553,210,653$21,035,280$4,361,707$413,477,529
86$609,378,603$21,806,472$4,248,287$455,095,785
87$671,267,509$22,607,277$4,122,893$500,942,675
88$739,460,649$23,438,888$3,984,865$551,449,022
89$814,600,792$24,302,550$3,833,514$607,089,573
90$897,396,256$25,199,558$3,668,120$668,387,488
91$988,627,603$26,131,265$3,487,931$735,919,266
92$1,089,155,000$27,099,079$3,292,158$810,320,197
93$1,199,926,344$28,104,468$3,079,980$892,290,347
94$1,321,986,208$29,148,964$2,850,535$982,601,173
95$1,456,485,700$30,234,162$2,602,927$1,082,102,799
96$1,604,693,333$31,361,727$2,336,217$1,191,732,044
97$1,768,006,996$32,533,395$2,049,423$1,312,521,257
98$1,947,967,153$33,750,975$1,741,523$1,445,608,069
99$2,146,271,385$35,016,355$1,411,446$1,592,246,123
100$2,364,790,413$36,331,503$1,058,076$1,753,816,913