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%15.6%
1 years$198,190$196,424$194,702$193,021$191,379$186,981
2 years$98,114$96,286$94,516$92,799$91,133$86,726
3 years$64,759$62,924$61,158$59,457$57,819$53,540
4 years$48,086$46,256$44,507$42,835$41,237$37,120
5 years$38,084$36,265$34,539$32,902$31,347$27,405
6 years$31,418$29,613$27,913$26,312$24,804$21,039
7 years$26,659$24,869$23,196$21,632$20,172$16,586
8 years$23,091$21,318$19,672$18,147$16,735$13,325
9 years$20,318$18,561$16,943$15,457$14,093$10,857
10 years$18,100$16,360$14,772$13,324$12,008$8,943
11 years$16,287$14,565$13,005$11,596$10,327$7,429
12 years$14,777$13,072$11,541$10,171$8,950$6,213
13 years$13,500$11,814$10,311$8,980$7,804$5,224
14 years$12,407$10,738$9,265$7,971$6,841$4,413
15 years$11,460$9,810$8,365$7,109$6,023$3,741
16 years$10,633$9,000$7,584$6,365$5,324$3,181
17 years$9,904$8,289$6,901$5,719$4,720$2,712
18 years$9,256$7,659$6,300$5,154$4,197$2,317
19 years$8,677$7,099$5,767$4,657$3,741$1,983
20 years$8,157$6,596$5,293$4,218$3,341$1,700
21 years$7,687$6,144$4,868$3,828$2,990$1,459
22 years$7,260$5,735$4,487$3,481$2,680$1,253
23 years$6,871$5,364$4,143$3,170$2,406$1,078
24 years$6,515$5,026$3,832$2,891$2,163$928
25 years$6,188$4,717$3,549$2,640$1,946$799
26 years$5,886$4,433$3,291$2,414$1,753$689
27 years$5,607$4,172$3,056$2,210$1,580$594
28 years$5,349$3,931$2,841$2,025$1,426$512
29 years$5,109$3,708$2,644$1,857$1,288$442
30 years$4,885$3,502$2,463$1,704$1,163$382
31 years$4,677$3,311$2,296$1,565$1,052$330
32 years$4,481$3,133$2,142$1,438$951$285
33 years$4,298$2,967$2,000$1,323$861$246
34 years$4,126$2,812$1,869$1,217$780$213
35 years$3,964$2,667$1,747$1,120$706$184
36 years$3,812$2,531$1,634$1,032$640$159
37 years$3,668$2,404$1,530$951$580$137
38 years$3,532$2,285$1,433$876$526$119
39 years$3,403$2,173$1,342$808$477$103
40 years$3,281$2,067$1,258$745$432$89
41 years$3,165$1,968$1,180$687$392$77
42 years$3,056$1,874$1,107$634$356$66
43 years$2,951$1,785$1,038$586$323$57
44 years$2,852$1,702$975$541$293$50
45 years$2,757$1,623$915$499$266$43
46 years$2,666$1,548$860$461$242$37
47 years$2,580$1,477$808$426$219$32
48 years$2,498$1,410$759$394$199$28
49 years$2,419$1,347$713$364$181$24
50 years$2,343$1,287$671$336$164$21

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 $5,300 every year, while hoping to spend $49,185 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: 45/37/18 Blend
29$2,400,000$2,400,000$2,400,000$2,400,000
30$2,650,267$2,523,067$2,485,867$2,755,608
31$2,868,262$2,594,365$2,516,811$2,901,191
32$3,106,843$2,667,508$2,547,143$3,053,650
33$3,368,060$2,742,534$2,576,791$3,217,942
34$3,654,167$2,819,483$2,605,678$3,395,186
35$3,967,648$2,898,393$2,633,724$3,586,612
36$4,311,237$2,979,304$2,660,843$3,793,578
37$4,687,947$3,062,254$2,686,946$4,017,575
38$5,101,097$3,147,283$2,711,937$4,260,246
39$5,554,339$3,234,431$2,735,718$4,523,401
40$6,051,699$3,323,736$2,758,182$4,809,031
41$6,597,611$3,415,237$2,779,220$5,119,329
42$7,196,958$3,508,974$2,798,714$5,456,712
43$7,855,120$3,604,986$2,816,543$5,823,838
44$8,578,023$3,703,311$2,832,578$6,223,639
45$9,372,194$3,803,986$2,846,682$6,659,341
46$10,244,827$3,907,050$2,858,714$7,134,498
47$11,203,842$4,012,539$2,868,525$7,653,026
48$12,257,970$4,120,489$2,875,956$8,219,239
49$13,416,826$4,230,936$2,880,844$8,837,888
50$14,691,004$4,343,914$2,883,014$9,514,209
51$16,092,177$4,459,456$2,882,285$10,253,968
52$17,633,204$4,577,595$2,878,467$11,063,521
53$19,328,254$4,698,360$2,871,359$11,949,869
54$21,192,938$4,821,782$2,860,751$12,920,724
55$23,244,456$4,947,887$2,846,424$13,984,587
56$25,501,758$5,076,701$2,828,147$15,150,823
57$27,985,725$5,208,247$2,805,678$16,429,750
58$30,719,365$5,342,548$2,778,765$17,832,740
59$33,728,028$5,479,620$2,747,141$19,372,322
60$37,039,646$5,619,481$2,710,529$21,062,302
61$40,684,997$5,762,142$2,668,639$22,917,894
62$44,697,994$5,907,614$2,621,165$24,955,862
63$49,116,005$6,055,903$2,567,790$27,194,682
64$53,980,206$6,207,010$2,508,179$29,654,711
65$59,335,968$6,360,935$2,441,984$32,358,383
66$65,233,286$6,517,670$2,368,840$35,330,421
67$71,727,249$6,677,204$2,288,364$38,598,068
68$78,878,562$6,839,520$2,200,158$42,191,348
69$86,754,115$7,004,597$2,103,803$46,143,345
70$95,427,618$7,172,405$1,998,864$50,490,520
71$104,980,293$7,342,910$1,884,883$55,273,053
72$115,501,641$7,516,071$1,761,385$60,535,223
73$127,090,286$7,691,837$1,627,870$66,325,826
74$139,854,910$7,870,151$1,483,818$72,698,639
75$153,915,270$8,050,947$1,328,684$79,712,923
76$169,403,333$8,234,150$1,161,901$87,433,985
77$186,464,524$8,419,674$982,876$95,933,799
78$205,259,090$8,607,423$790,987$105,291,680
79$225,963,621$8,797,290$585,589$115,595,036
80$248,772,709$8,989,156$366,005$126,940,194
81$273,900,789$9,182,889$131,530$139,433,311
82$301,584,161$9,378,342$0$153,191,374
83$332,083,221$9,575,355$0$168,366,107
84$365,684,914$9,773,753$0$185,105,232
85$402,705,451$9,973,342$0$203,540,193
86$443,493,283$10,173,912$0$223,843,706
87$488,432,398$10,375,234$0$246,206,100
88$537,945,941$10,577,059$0$270,837,114
89$592,500,209$10,779,117$0$297,967,881
90$652,609,052$10,981,115$0$327,853,102
91$718,838,722$11,182,736$0$360,773,459
92$791,813,220$11,383,638$0$397,038,260
93$872,220,184$11,583,453$0$436,988,359
94$960,817,382$11,781,782$0$480,999,380
95$1,058,439,863$11,978,197$0$529,485,254
96$1,166,007,839$12,172,238$0$582,902,135
97$1,284,535,372$12,363,411$0$641,752,703
98$1,415,139,948$12,551,186$0$706,590,913
99$1,559,053,023$12,734,994$0$778,027,221
100$1,717,631,648$12,914,226$0$856,734,351