Can I retire at age 30 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$199,841$198,061$196,325$194,629$192,974$189,699
2 years$98,931$97,089$95,303$93,572$91,892$88,603
3 years$65,299$63,449$61,667$59,952$58,300$55,099
4 years$48,486$46,641$44,878$43,192$41,580$38,492
5 years$38,401$36,567$34,827$33,176$31,609$28,642
6 years$31,680$29,860$28,146$26,531$25,011$22,169
7 years$26,881$25,076$23,389$21,813$20,341$17,624
8 years$23,283$21,495$19,836$18,298$16,874$14,283
9 years$20,487$18,715$17,085$15,586$14,211$11,743
10 years$18,251$16,497$14,895$13,435$12,108$9,762
11 years$16,423$14,686$13,113$11,693$10,413$8,187
12 years$14,900$13,181$11,638$10,256$9,024$6,914
13 years$13,613$11,912$10,397$9,055$7,869$5,872
14 years$12,510$10,828$9,342$8,038$6,898$5,010
15 years$11,556$9,891$8,435$7,168$6,074$4,292
16 years$10,722$9,075$7,647$6,418$5,368$3,688
17 years$9,986$8,358$6,959$5,767$4,760$3,178
18 years$9,333$7,723$6,352$5,197$4,232$2,745
19 years$8,749$7,158$5,815$4,696$3,772$2,376
20 years$8,225$6,651$5,337$4,253$3,369$2,060
21 years$7,751$6,195$4,909$3,860$3,015$1,788
22 years$7,320$5,783$4,524$3,510$2,703$1,554
23 years$6,928$5,409$4,177$3,196$2,426$1,353
24 years$6,569$5,068$3,863$2,915$2,181$1,178
25 years$6,239$4,756$3,578$2,662$1,962$1,027
26 years$5,935$4,470$3,319$2,434$1,767$896
27 years$5,654$4,207$3,082$2,228$1,594$782
28 years$5,394$3,964$2,865$2,041$1,438$683
29 years$5,152$3,739$2,666$1,872$1,298$596
30 years$4,926$3,531$2,483$1,718$1,173$521
31 years$4,716$3,338$2,315$1,578$1,061$456
32 years$4,519$3,159$2,160$1,450$959$399
33 years$4,334$2,991$2,017$1,334$868$349
34 years$4,160$2,835$1,884$1,227$786$305
35 years$3,997$2,689$1,762$1,129$712$267
36 years$3,844$2,552$1,648$1,040$645$234
37 years$3,698$2,424$1,543$958$585$205
38 years$3,561$2,304$1,445$883$530$179
39 years$3,432$2,191$1,353$815$481$157
40 years$3,309$2,084$1,269$751$436$137
41 years$3,192$1,984$1,190$693$396$120
42 years$3,081$1,890$1,116$640$359$105
43 years$2,976$1,800$1,047$591$326$92
44 years$2,875$1,716$983$545$296$81
45 years$2,780$1,636$923$504$268$71
46 years$2,689$1,561$867$465$244$62
47 years$2,602$1,490$814$430$221$54
48 years$2,518$1,422$765$397$201$48
49 years$2,439$1,358$719$367$183$42
50 years$2,363$1,297$676$339$166$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,420,000, adding $4,970 every year, while hoping to spend $43,881 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: 60/11/29 Blend
29$2,420,000$2,420,000$2,420,000$2,420,000
30$2,671,967$2,543,707$2,506,197$2,810,976
31$2,897,818$2,621,659$2,543,465$2,984,428
32$3,145,236$2,701,961$2,580,511$3,168,502
33$3,416,373$2,784,680$2,617,282$3,368,459
34$3,713,602$2,869,888$2,653,719$3,585,859
35$4,039,533$2,957,656$2,689,763$3,822,419
36$4,397,045$3,048,061$2,725,349$4,080,030
37$4,789,305$3,141,178$2,760,411$4,360,777
38$5,219,805$3,237,086$2,794,875$4,666,955
39$5,692,388$3,335,866$2,828,666$5,001,092
40$6,211,290$3,437,602$2,861,705$5,365,975
41$6,781,176$3,542,379$2,893,906$5,764,674
42$7,407,184$3,650,284$2,925,180$6,200,568
43$8,094,977$3,761,408$2,955,434$6,677,384
44$8,850,791$3,875,843$2,984,567$7,199,227
45$9,681,496$3,993,684$3,012,475$7,770,620
46$10,594,664$4,115,029$3,039,048$8,396,546
47$11,598,632$4,239,979$3,064,168$9,082,496
48$12,702,590$4,368,635$3,087,715$9,834,520
49$13,916,660$4,501,103$3,109,559$10,659,285
50$15,251,994$4,637,492$3,129,565$11,564,138
51$16,720,881$4,777,914$3,147,589$12,557,174
52$18,336,861$4,922,481$3,163,483$13,647,314
53$20,114,849$5,071,311$3,177,088$14,844,386
54$22,071,282$5,224,524$3,188,239$16,159,223
55$24,224,271$5,382,243$3,196,762$17,603,762
56$26,593,768$5,544,594$3,202,476$19,191,156
57$29,201,760$5,711,708$3,205,187$20,935,900
58$32,072,474$5,883,715$3,204,694$22,853,967
59$35,232,602$6,060,754$3,200,788$24,962,961
60$38,711,559$6,242,962$3,193,246$27,282,279
61$42,541,754$6,430,483$3,181,836$29,833,299
62$46,758,901$6,623,464$3,166,315$32,639,576
63$51,402,349$6,822,055$3,146,427$35,727,073
64$56,515,462$7,026,408$3,121,905$39,124,396
65$62,146,019$7,236,683$3,092,469$42,863,074
66$68,346,672$7,453,039$3,057,825$46,977,850
67$75,175,436$7,675,642$3,017,667$51,507,011
68$82,696,243$7,904,660$2,971,671$56,492,752
69$90,979,539$8,140,268$2,919,500$61,981,571
70$100,102,951$8,382,640$2,860,804$68,024,712
71$110,152,022$8,631,960$2,795,210$74,678,643
72$121,221,013$8,888,411$2,722,335$82,005,598
73$133,413,796$9,152,183$2,641,773$90,074,158
74$146,844,833$9,423,469$2,553,102$98,959,899
75$161,640,254$9,702,467$2,455,879$108,746,112
76$177,939,052$9,989,380$2,349,642$119,524,583
77$195,894,389$10,284,413$2,233,909$131,396,462
78$215,675,045$10,587,778$2,108,174$144,473,220
79$237,467,011$10,899,690$1,971,908$158,877,700
80$261,475,239$11,220,368$1,824,561$174,745,279
81$287,925,585$11,550,038$1,665,555$192,225,144
82$317,066,932$11,888,927$1,494,288$211,481,705
83$349,173,544$12,237,269$1,310,132$232,696,144
84$384,547,652$12,595,302$1,112,428$256,068,126
85$423,522,310$12,963,269$900,491$281,817,689
86$466,464,532$13,341,416$673,605$310,187,319
87$513,778,765$13,729,995$431,020$341,444,239
88$565,910,696$14,129,262$171,957$375,882,936
89$623,351,469$14,539,478$0$413,827,939
90$686,642,315$14,960,908$0$455,669,224
91$756,379,660$15,393,822$0$501,827,463
92$833,220,758$15,838,492$0$552,683,995
93$917,889,896$16,295,199$0$608,717,750
94$1,011,185,225$16,764,223$0$670,456,494
95$1,113,986,301$17,245,853$0$738,481,822
96$1,227,262,381$17,740,378$0$813,434,639
97$1,352,081,581$18,248,093$0$896,021,212
98$1,489,620,950$18,769,297$0$987,019,840
99$1,641,177,586$19,304,292$0$1,087,288,196
100$1,808,180,881$19,853,384$0$1,197,771,427