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

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$198,190$196,424$194,702$193,021$191,379$190,014
2 years$98,114$96,286$94,516$92,799$91,133$89,756
3 years$64,759$62,924$61,158$59,457$57,819$56,473
4 years$48,086$46,256$44,507$42,835$41,237$39,933
5 years$38,084$36,265$34,539$32,902$31,347$30,089
6 years$31,418$29,613$27,913$26,312$24,804$23,593
7 years$26,659$24,869$23,196$21,632$20,172$19,009
8 years$23,091$21,318$19,672$18,147$16,735$15,619
9 years$20,318$18,561$16,943$15,457$14,093$13,024
10 years$18,100$16,360$14,772$13,324$12,008$10,986
11 years$16,287$14,565$13,005$11,596$10,327$9,351
12 years$14,777$13,072$11,541$10,171$8,950$8,018
13 years$13,500$11,814$10,311$8,980$7,804$6,917
14 years$12,407$10,738$9,265$7,971$6,841$5,997
15 years$11,460$9,810$8,365$7,109$6,023$5,221
16 years$10,633$9,000$7,584$6,365$5,324$4,562
17 years$9,904$8,289$6,901$5,719$4,720$3,998
18 years$9,256$7,659$6,300$5,154$4,197$3,513
19 years$8,677$7,099$5,767$4,657$3,741$3,094
20 years$8,157$6,596$5,293$4,218$3,341$2,730
21 years$7,687$6,144$4,868$3,828$2,990$2,413
22 years$7,260$5,735$4,487$3,481$2,680$2,136
23 years$6,871$5,364$4,143$3,170$2,406$1,893
24 years$6,515$5,026$3,832$2,891$2,163$1,680
25 years$6,188$4,717$3,549$2,640$1,946$1,492
26 years$5,886$4,433$3,291$2,414$1,753$1,327
27 years$5,607$4,172$3,056$2,210$1,580$1,180
28 years$5,349$3,931$2,841$2,025$1,426$1,051
29 years$5,109$3,708$2,644$1,857$1,288$936
30 years$4,885$3,502$2,463$1,704$1,163$834
31 years$4,677$3,311$2,296$1,565$1,052$744
32 years$4,481$3,133$2,142$1,438$951$664
33 years$4,298$2,967$2,000$1,323$861$592
34 years$4,126$2,812$1,869$1,217$780$529
35 years$3,964$2,667$1,747$1,120$706$472
36 years$3,812$2,531$1,634$1,032$640$422
37 years$3,668$2,404$1,530$951$580$377
38 years$3,532$2,285$1,433$876$526$337
39 years$3,403$2,173$1,342$808$477$301
40 years$3,281$2,067$1,258$745$432$269
41 years$3,165$1,968$1,180$687$392$241
42 years$3,056$1,874$1,107$634$356$215
43 years$2,951$1,785$1,038$586$323$192
44 years$2,852$1,702$975$541$293$172
45 years$2,757$1,623$915$499$266$154
46 years$2,666$1,548$860$461$242$138
47 years$2,580$1,477$808$426$219$123
48 years$2,498$1,410$759$394$199$110
49 years$2,419$1,347$713$364$181$99
50 years$2,343$1,287$671$336$164$88

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 $4,034 every year, while hoping to spend $49,254 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: 43/40/17 Blend
29$2,400,000$2,400,000$2,400,000$2,400,000
30$2,648,961$2,521,761$2,484,561$2,749,605
31$2,866,749$2,592,921$2,515,388$2,891,993
32$3,105,101$2,665,918$2,545,597$3,040,989
33$3,366,062$2,740,789$2,575,115$3,201,368
34$3,651,884$2,817,571$2,603,865$3,374,198
35$3,965,049$2,896,305$2,631,767$3,560,659
36$4,308,287$2,977,027$2,658,735$3,762,044
37$4,684,609$3,059,777$2,684,679$3,979,781
38$5,097,326$3,144,594$2,709,503$4,215,440
39$5,550,090$3,231,515$2,733,107$4,470,747
40$6,046,920$3,320,580$2,755,387$4,747,608
41$6,592,244$3,411,827$2,776,231$5,048,115
42$7,190,940$3,505,294$2,795,522$5,374,577
43$7,848,382$3,601,019$2,813,138$5,729,534
44$8,570,487$3,699,040$2,828,948$6,115,784
45$9,363,777$3,799,392$2,842,818$6,536,408
46$10,235,433$3,902,114$2,854,604$6,994,800
47$11,193,371$4,007,241$2,864,156$7,494,699
48$12,246,306$4,114,807$2,871,317$8,040,224
49$13,403,844$4,224,847$2,875,921$8,635,910
50$14,676,565$4,337,394$2,877,794$9,286,755
51$16,076,129$4,452,480$2,876,754$9,998,265
52$17,615,378$4,570,136$2,872,609$10,776,507
53$19,308,465$4,690,391$2,865,160$11,628,162
54$21,170,980$4,813,272$2,854,195$12,560,594
55$23,220,104$4,938,806$2,839,493$13,581,915
56$25,474,763$5,067,016$2,820,825$14,701,065
57$27,955,812$5,197,923$2,797,946$15,927,892
58$30,686,231$5,331,548$2,770,604$17,273,249
59$33,691,340$5,467,906$2,738,531$18,749,095
60$36,999,035$5,607,012$2,701,451$20,368,605
61$40,640,057$5,748,877$2,659,070$22,146,301
62$44,648,278$5,893,507$2,611,084$24,098,182
63$49,061,020$6,040,906$2,557,173$26,241,879
64$53,919,409$6,191,075$2,497,003$28,596,822
65$59,268,758$6,344,008$2,430,222$31,184,420
66$65,159,003$6,499,696$2,356,467$34,028,268
67$71,645,166$6,658,125$2,275,352$37,154,364
68$78,787,875$6,819,275$2,186,478$40,591,361
69$86,653,939$6,983,121$2,089,427$44,370,832
70$95,316,978$7,149,631$1,983,760$48,527,573
71$104,858,114$7,318,767$1,869,020$53,099,928
72$115,366,737$7,490,482$1,744,728$58,130,154
73$126,941,353$7,664,724$1,610,385$63,664,817
74$139,690,507$7,841,432$1,465,468$69,755,236
75$153,733,810$8,020,533$1,309,433$76,457,965
76$169,203,068$8,201,949$1,141,709$83,835,329
77$186,243,526$8,385,589$961,701$91,956,010
78$205,015,236$8,571,353$768,787$100,895,700
79$225,694,568$8,759,127$562,320$110,737,814
80$248,475,877$8,948,788$341,621$121,574,277
81$273,573,334$9,140,196$105,983$133,506,394
82$301,222,949$9,333,200$0$146,645,808
83$331,684,796$9,527,634$0$161,141,944
84$365,245,470$9,723,313$0$177,126,230
85$402,220,791$9,920,038$0$194,728,991
86$442,958,784$10,117,592$0$214,115,051
87$487,842,964$10,315,738$0$235,466,042
88$537,295,955$10,514,218$0$258,982,120
89$591,783,480$10,712,753$0$284,883,854
90$651,818,759$10,911,041$0$313,414,310
91$717,967,347$11,108,757$0$344,841,345
92$790,852,477$11,305,547$0$379,460,136
93$871,160,944$11,501,033$0$417,595,965
94$959,649,582$11,694,805$0$459,607,295
95$1,057,152,413$11,886,424$0$505,889,148
96$1,164,588,517$12,075,417$0$556,876,843
97$1,282,970,711$12,261,278$0$613,050,096
98$1,413,415,105$12,443,462$0$674,937,559
99$1,557,151,641$12,621,386$0$743,121,806
100$1,715,535,701$12,794,427$0$818,244,835