Can I retire at age 30 with 2,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$198,190$196,424$194,702$193,021$191,379$188,675
2 years$98,114$96,286$94,516$92,799$91,133$88,414
3 years$64,759$62,924$61,158$59,457$57,819$55,169
4 years$48,086$46,256$44,507$42,835$41,237$38,677
5 years$38,084$36,265$34,539$32,902$31,347$28,885
6 years$31,418$29,613$27,913$26,312$24,804$22,442
7 years$26,659$24,869$23,196$21,632$20,172$17,911
8 years$23,091$21,318$19,672$18,147$16,735$14,575
9 years$20,318$18,561$16,943$15,457$14,093$12,033
10 years$18,100$16,360$14,772$13,324$12,008$10,046
11 years$16,287$14,565$13,005$11,596$10,327$8,462
12 years$14,777$13,072$11,541$10,171$8,950$7,178
13 years$13,500$11,814$10,311$8,980$7,804$6,124
14 years$12,407$10,738$9,265$7,971$6,841$5,250
15 years$11,460$9,810$8,365$7,109$6,023$4,519
16 years$10,633$9,000$7,584$6,365$5,324$3,903
17 years$9,904$8,289$6,901$5,719$4,720$3,380
18 years$9,256$7,659$6,300$5,154$4,197$2,934
19 years$8,677$7,099$5,767$4,657$3,741$2,552
20 years$8,157$6,596$5,293$4,218$3,341$2,224
21 years$7,687$6,144$4,868$3,828$2,990$1,941
22 years$7,260$5,735$4,487$3,481$2,680$1,696
23 years$6,871$5,364$4,143$3,170$2,406$1,484
24 years$6,515$5,026$3,832$2,891$2,163$1,300
25 years$6,188$4,717$3,549$2,640$1,946$1,139
26 years$5,886$4,433$3,291$2,414$1,753$999
27 years$5,607$4,172$3,056$2,210$1,580$877
28 years$5,349$3,931$2,841$2,025$1,426$770
29 years$5,109$3,708$2,644$1,857$1,288$677
30 years$4,885$3,502$2,463$1,704$1,163$595
31 years$4,677$3,311$2,296$1,565$1,052$523
32 years$4,481$3,133$2,142$1,438$951$460
33 years$4,298$2,967$2,000$1,323$861$405
34 years$4,126$2,812$1,869$1,217$780$356
35 years$3,964$2,667$1,747$1,120$706$314
36 years$3,812$2,531$1,634$1,032$640$276
37 years$3,668$2,404$1,530$951$580$243
38 years$3,532$2,285$1,433$876$526$214
39 years$3,403$2,173$1,342$808$477$189
40 years$3,281$2,067$1,258$745$432$166
41 years$3,165$1,968$1,180$687$392$147
42 years$3,056$1,874$1,107$634$356$129
43 years$2,951$1,785$1,038$586$323$114
44 years$2,852$1,702$975$541$293$100
45 years$2,757$1,623$915$499$266$88
46 years$2,666$1,548$860$461$242$78
47 years$2,580$1,477$808$426$219$69
48 years$2,498$1,410$759$394$199$61
49 years$2,419$1,347$713$364$181$53
50 years$2,343$1,287$671$336$164$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,400,000, adding $3,567 every year, while hoping to spend $45,943 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: 38/47/15 Blend
29$2,400,000$2,400,000$2,400,000$2,400,000
30$2,648,479$2,521,279$2,484,079$2,736,992
31$2,869,741$2,595,939$2,518,413$2,875,292
32$3,112,032$2,672,717$2,552,357$3,019,972
33$3,377,448$2,751,669$2,585,850$3,175,342
34$3,668,298$2,832,852$2,618,826$3,342,386
35$3,987,125$2,916,322$2,651,218$3,522,185
36$4,336,730$3,002,139$2,682,951$3,715,932
37$4,720,195$3,090,363$2,713,949$3,924,935
38$5,140,920$3,181,055$2,744,131$4,150,634
39$5,602,645$3,274,278$2,773,410$4,394,615
40$6,109,493$3,370,096$2,801,698$4,658,620
41$6,666,003$3,468,573$2,828,897$4,944,570
42$7,277,178$3,569,776$2,854,907$5,254,574
43$7,948,527$3,673,772$2,879,624$5,590,957
44$8,686,119$3,780,629$2,902,934$5,956,278
45$9,496,642$3,890,418$2,924,720$6,353,353
46$10,387,461$4,003,210$2,944,859$6,785,283
47$11,366,691$4,119,076$2,963,222$7,255,482
48$12,443,273$4,238,091$2,979,670$7,767,708
49$13,627,058$4,360,329$2,994,060$8,326,102
50$14,928,899$4,485,865$3,006,241$8,935,222
51$16,360,751$4,614,777$3,016,055$9,600,089
52$17,935,789$4,747,142$3,023,334$10,326,231
53$19,668,527$4,883,040$3,027,903$11,119,740
54$21,574,958$5,022,551$3,029,579$11,987,324
55$23,672,703$5,165,755$3,028,169$12,936,370
56$25,981,176$5,312,734$3,023,471$13,975,020
57$28,521,770$5,463,572$3,015,271$15,112,239
58$31,318,056$5,618,353$3,003,348$16,357,906
59$34,396,006$5,777,160$2,987,468$17,722,900
60$37,784,237$5,940,079$2,967,387$19,219,212
61$41,514,283$6,107,197$2,942,848$20,860,049
62$45,620,889$6,278,598$2,913,582$22,659,961
63$50,142,341$6,454,371$2,879,309$24,634,982
64$55,120,827$6,634,603$2,839,733$26,802,775
65$60,602,834$6,819,381$2,794,547$29,182,802
66$66,639,586$7,008,794$2,743,427$31,796,509
67$73,287,527$7,202,928$2,686,035$34,667,522
68$80,608,855$7,401,872$2,622,017$37,821,877
69$88,672,108$7,605,713$2,551,004$41,288,259
70$97,552,808$7,814,538$2,472,609$45,098,280
71$107,334,179$8,028,435$2,386,425$49,286,769
72$118,107,926$8,247,489$2,292,031$53,892,105
73$129,975,103$8,471,784$2,188,983$58,956,580
74$143,047,067$8,701,406$2,076,817$64,526,796
75$157,446,529$8,936,435$1,955,052$70,654,105
76$173,308,708$9,176,954$1,823,179$77,395,094
77$190,782,613$9,423,041$1,680,672$84,812,118
78$210,032,443$9,674,774$1,526,979$92,973,890
79$231,239,141$9,932,227$1,361,521$101,956,131
80$254,602,099$10,195,471$1,183,698$111,842,280
81$280,341,040$10,464,577$992,879$122,724,284
82$308,698,094$10,739,608$788,408$134,703,470
83$339,940,078$11,020,628$569,598$147,891,494
84$374,361,021$11,307,693$335,734$162,411,401
85$412,284,932$11,600,857$86,068$178,398,784
86$454,068,862$11,900,167$0$196,003,066
87$500,106,277$12,205,665$0$215,417,775
88$550,830,762$12,517,388$0$236,812,079
89$606,720,125$12,835,366$0$260,372,285
90$668,300,899$13,159,619$0$286,318,896
91$736,153,314$13,490,164$0$314,894,895
92$810,916,776$13,827,006$0$346,368,043
93$893,295,900$14,170,142$0$381,033,400
94$984,067,161$14,519,558$0$419,216,117
95$1,084,086,225$14,875,231$0$461,274,499
96$1,194,296,027$15,237,124$0$507,603,391
97$1,315,735,669$15,605,189$0$558,637,903
98$1,449,550,229$15,979,366$0$614,857,517
99$1,597,001,575$16,359,577$0$676,790,613
100$1,759,480,270$16,745,731$0$745,019,457