Can I retire at age 30 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$289,027$286,452$283,940$281,489$279,095$276,872
2 years$143,083$140,418$137,835$135,331$132,902$130,662
3 years$94,441$91,765$89,188$86,708$84,319$82,130
4 years$70,125$67,457$64,906$62,468$60,137$58,016
5 years$55,539$52,887$50,370$47,982$45,715$43,669
6 years$45,818$43,186$40,706$38,371$36,173$34,204
7 years$38,878$36,268$33,827$31,547$29,418$27,528
8 years$33,674$31,088$28,688$26,464$24,405$22,593
9 years$29,630$27,068$24,709$22,542$20,553$18,818
10 years$26,396$23,859$21,542$19,431$17,512$15,854
11 years$23,752$21,240$18,965$16,911$15,061$13,478
12 years$21,550$19,064$16,831$14,833$13,051$11,543
13 years$19,688$17,228$15,038$13,095$11,381$9,945
14 years$18,094$15,660$13,511$11,625$9,977$8,611
15 years$16,713$14,306$12,199$10,367$8,784$7,487
16 years$15,506$13,125$11,060$9,283$7,763$6,533
17 years$14,443$12,088$10,064$8,340$6,884$5,718
18 years$13,498$11,170$9,187$7,516$6,121$5,017
19 years$12,654$10,352$8,411$6,792$5,455$4,412
20 years$11,895$9,620$7,719$6,151$4,873$3,887
21 years$11,210$8,960$7,100$5,583$4,361$3,431
22 years$10,587$8,364$6,544$5,076$3,909$3,033
23 years$10,020$7,823$6,042$4,623$3,509$2,684
24 years$9,501$7,329$5,588$4,216$3,154$2,378
25 years$9,024$6,878$5,175$3,850$2,838$2,109
26 years$8,584$6,464$4,800$3,521$2,556$1,872
27 years$8,177$6,084$4,457$3,223$2,305$1,663
28 years$7,801$5,733$4,143$2,953$2,080$1,478
29 years$7,451$5,408$3,856$2,708$1,878$1,314
30 years$7,124$5,107$3,592$2,485$1,697$1,170
31 years$6,820$4,828$3,348$2,282$1,534$1,041
32 years$6,535$4,569$3,124$2,097$1,388$928
33 years$6,268$4,326$2,917$1,929$1,256$826
34 years$6,017$4,100$2,725$1,775$1,137$737
35 years$5,781$3,889$2,548$1,634$1,030$657
36 years$5,559$3,691$2,384$1,504$933$586
37 years$5,349$3,506$2,231$1,386$846$522
38 years$5,151$3,332$2,089$1,278$767$466
39 years$4,963$3,168$1,957$1,178$695$416
40 years$4,785$3,014$1,835$1,087$631$371
41 years$4,616$2,869$1,720$1,003$572$331
42 years$4,456$2,733$1,614$925$519$296
43 years$4,304$2,604$1,514$854$471$264
44 years$4,158$2,482$1,421$789$428$236
45 years$4,020$2,367$1,335$728$388$210
46 years$3,888$2,258$1,254$673$352$188
47 years$3,763$2,155$1,178$622$320$168
48 years$3,642$2,057$1,107$574$291$150
49 years$3,527$1,964$1,040$531$264$134
50 years$3,417$1,876$978$491$240$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $3,500,000, adding $3,789 every year, while hoping to spend $41,602 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: 78/16/6 Blend
29$3,500,000$3,500,000$3,500,000$3,500,000
30$3,860,908$3,675,408$3,621,158$4,159,762
31$4,210,457$3,811,239$3,698,203$4,492,102
32$4,594,265$3,952,331$3,776,434$4,850,665
33$5,015,783$4,098,899$3,855,848$5,242,638
34$5,478,813$4,251,165$3,936,439$5,671,326
35$5,987,541$4,409,361$4,018,199$6,140,367
36$6,546,581$4,573,731$4,101,119$6,653,766
37$7,161,015$4,744,526$4,185,189$7,215,934
38$7,836,442$4,922,011$4,270,397$7,831,727
39$8,579,030$5,106,460$4,356,726$8,506,492
40$9,395,575$5,298,161$4,444,160$9,246,118
41$10,293,564$5,497,411$4,532,680$10,057,089
42$11,281,246$5,704,524$4,622,264$10,946,549
43$12,367,712$5,919,823$4,712,888$11,922,362
44$13,562,973$6,143,650$4,804,524$12,993,191
45$14,878,065$6,376,357$4,897,144$14,168,579
46$16,325,143$6,618,314$4,990,715$15,459,034
47$17,917,604$6,869,908$5,085,199$16,876,134
48$19,670,205$7,131,538$5,180,559$18,432,630
49$21,599,209$7,403,627$5,276,751$20,142,569
50$23,722,535$7,686,611$5,373,728$22,021,422
51$26,059,926$7,980,948$5,471,441$24,086,235
52$28,633,139$8,287,115$5,569,835$26,355,786
53$31,466,145$8,605,609$5,668,850$28,850,760
54$34,585,359$8,936,951$5,768,424$31,593,945
55$38,019,887$9,281,684$5,868,488$34,610,448
56$41,801,802$9,640,373$5,968,969$37,927,927
57$45,966,445$10,013,610$6,069,788$41,576,854
58$50,552,759$10,402,013$6,170,862$45,590,802
59$55,603,655$10,806,227$6,272,101$50,006,759
60$61,166,420$11,226,924$6,373,409$54,865,479
61$67,293,160$11,664,808$6,474,682$60,211,860
62$74,041,291$12,120,613$6,575,814$66,095,373
63$81,474,085$12,595,105$6,676,686$72,570,526
64$89,661,263$13,089,086$6,777,176$79,697,373
65$98,679,652$13,603,392$6,877,152$87,542,088
66$108,613,915$14,138,897$6,976,474$96,177,579
67$119,557,344$14,696,513$7,074,996$105,684,181
68$131,612,745$15,277,193$7,172,560$116,150,414
69$144,893,403$15,881,934$7,268,999$127,673,809
70$159,524,158$16,511,777$7,364,139$140,361,838
71$175,642,577$17,167,808$7,457,791$154,332,919
72$193,400,252$17,851,164$7,549,760$169,717,536
73$212,964,238$18,563,031$7,639,838$186,659,466
74$234,518,622$19,304,650$7,727,803$205,317,138
75$258,266,261$20,077,318$7,813,424$225,865,126
76$284,430,701$20,882,388$7,896,456$248,495,792
77$313,258,285$21,721,278$7,976,640$273,421,105
78$345,020,476$22,595,466$8,053,703$300,874,635
79$380,016,420$23,506,500$8,127,357$331,113,760
80$418,575,772$24,455,995$8,197,301$364,422,089
81$461,061,805$25,445,643$8,263,214$401,112,143
82$507,874,839$26,477,209$8,324,762$441,528,297
83$559,456,021$27,552,541$8,381,590$486,050,032
84$616,291,490$28,673,570$8,433,328$535,095,515
85$678,916,961$29,842,315$8,479,584$589,125,540
86$747,922,789$31,060,885$8,519,947$648,647,883
87$823,959,534$32,331,489$8,553,986$714,222,082
88$907,744,108$33,656,435$8,581,247$786,464,729
89$1,000,066,542$35,038,134$8,601,253$866,055,275
90$1,101,797,438$36,479,112$8,613,504$953,742,451
91$1,213,896,195$37,982,007$8,617,475$1,050,351,327
92$1,337,420,061$39,549,579$8,612,615$1,156,791,103
93$1,473,534,115$41,184,716$8,598,345$1,274,063,683
94$1,623,522,264$42,890,437$8,574,059$1,403,273,131
95$1,788,799,366$44,669,900$8,539,121$1,545,636,095
96$1,970,924,584$46,526,407$8,492,864$1,702,493,283
97$2,171,616,107$48,463,416$8,434,590$1,875,322,118
98$2,392,767,367$50,484,541$8,363,566$2,065,750,682
99$2,636,464,918$52,593,562$8,279,025$2,275,573,080
100$2,905,008,130$54,794,438$8,180,163$2,506,766,375