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%15.9%
1 years$199,841$198,061$196,325$194,629$192,974$188,309
2 years$98,931$97,089$95,303$93,572$91,892$87,221
3 years$65,299$63,449$61,667$59,952$58,300$53,768
4 years$48,486$46,641$44,878$43,192$41,580$37,222
5 years$38,401$36,567$34,827$33,176$31,609$27,436
6 years$31,680$29,860$28,146$26,531$25,011$21,029
7 years$26,881$25,076$23,389$21,813$20,341$16,549
8 years$23,283$21,495$19,836$18,298$16,874$13,273
9 years$20,487$18,715$17,085$15,586$14,211$10,795
10 years$18,251$16,497$14,895$13,435$12,108$8,875
11 years$16,423$14,686$13,113$11,693$10,413$7,358
12 years$14,900$13,181$11,638$10,256$9,024$6,142
13 years$13,613$11,912$10,397$9,055$7,869$5,154
14 years$12,510$10,828$9,342$8,038$6,898$4,345
15 years$11,556$9,891$8,435$7,168$6,074$3,675
16 years$10,722$9,075$7,647$6,418$5,368$3,119
17 years$9,986$8,358$6,959$5,767$4,760$2,653
18 years$9,333$7,723$6,352$5,197$4,232$2,261
19 years$8,749$7,158$5,815$4,696$3,772$1,931
20 years$8,225$6,651$5,337$4,253$3,369$1,652
21 years$7,751$6,195$4,909$3,860$3,015$1,414
22 years$7,320$5,783$4,524$3,510$2,703$1,212
23 years$6,928$5,409$4,177$3,196$2,426$1,040
24 years$6,569$5,068$3,863$2,915$2,181$893
25 years$6,239$4,756$3,578$2,662$1,962$768
26 years$5,935$4,470$3,319$2,434$1,767$660
27 years$5,654$4,207$3,082$2,228$1,594$568
28 years$5,394$3,964$2,865$2,041$1,438$489
29 years$5,152$3,739$2,666$1,872$1,298$421
30 years$4,926$3,531$2,483$1,718$1,173$362
31 years$4,716$3,338$2,315$1,578$1,061$312
32 years$4,519$3,159$2,160$1,450$959$269
33 years$4,334$2,991$2,017$1,334$868$232
34 years$4,160$2,835$1,884$1,227$786$200
35 years$3,997$2,689$1,762$1,129$712$172
36 years$3,844$2,552$1,648$1,040$645$148
37 years$3,698$2,424$1,543$958$585$128
38 years$3,561$2,304$1,445$883$530$110
39 years$3,432$2,191$1,353$815$481$95
40 years$3,309$2,084$1,269$751$436$82
41 years$3,192$1,984$1,190$693$396$71
42 years$3,081$1,890$1,116$640$359$61
43 years$2,976$1,800$1,047$591$326$53
44 years$2,875$1,716$983$545$296$45
45 years$2,780$1,636$923$504$268$39
46 years$2,689$1,561$867$465$244$34
47 years$2,602$1,490$814$430$221$29
48 years$2,518$1,422$765$397$201$25
49 years$2,439$1,358$719$367$183$22
50 years$2,363$1,297$676$339$166$19

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 $2,785 every year, while hoping to spend $29,946 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: 67/17/16 Blend
29$2,420,000$2,420,000$2,420,000$2,420,000
30$2,669,713$2,541,453$2,503,943$2,838,189
31$2,910,161$2,634,122$2,555,962$3,043,699
32$3,174,132$2,730,328$2,608,721$3,264,562
33$3,463,992$2,830,212$2,662,212$3,505,320
34$3,782,350$2,933,924$2,716,427$3,767,924
35$4,132,079$3,041,615$2,771,357$4,054,521
36$4,516,344$3,153,447$2,826,990$4,367,475
37$4,938,632$3,269,587$2,883,316$4,709,388
38$5,402,785$3,390,209$2,940,319$5,083,127
39$5,913,034$3,515,495$2,997,985$5,491,844
40$6,474,042$3,645,633$3,056,296$5,939,014
41$7,090,946$3,780,821$3,115,234$6,428,462
42$7,769,406$3,921,265$3,174,778$6,964,400
43$8,515,658$4,067,178$3,234,904$7,551,466
44$9,336,570$4,218,785$3,295,589$8,194,769
45$10,239,714$4,376,319$3,356,805$8,899,935
46$11,233,429$4,540,023$3,418,522$9,673,161
47$12,326,904$4,710,150$3,480,708$10,521,270
48$13,530,266$4,886,965$3,543,329$11,451,782
49$14,854,670$5,070,743$3,606,348$12,472,976
50$16,312,409$5,261,772$3,669,723$13,593,973
51$17,917,028$5,460,353$3,733,413$14,824,820
52$19,683,452$5,666,797$3,797,369$16,176,586
53$21,628,127$5,881,433$3,861,543$17,661,463
54$23,769,172$6,104,599$3,925,882$19,292,882
55$26,126,556$6,336,653$3,990,327$21,085,639
56$28,722,281$6,577,965$4,054,819$23,056,037
57$31,580,590$6,828,921$4,119,291$25,222,034
58$34,728,198$7,089,927$4,183,676$27,603,415
59$38,194,544$7,361,403$4,247,899$30,221,980
60$42,012,065$7,643,789$4,311,881$33,101,743
61$46,216,506$7,937,546$4,375,540$36,269,164
62$50,847,256$8,243,151$4,438,786$39,753,398
63$55,947,717$8,561,106$4,501,526$43,586,563
64$61,565,717$8,891,934$4,563,660$47,804,050
65$67,753,960$9,236,178$4,625,083$52,444,853
66$74,570,523$9,594,410$4,685,682$57,551,934
67$82,079,403$9,967,223$4,745,340$63,172,634
68$90,351,124$10,355,239$4,803,931$69,359,111
69$99,463,399$10,759,106$4,861,322$76,168,839
70$109,501,864$11,179,501$4,917,375$83,665,145
71$120,560,889$11,617,131$4,971,941$91,917,807
72$132,744,463$12,072,734$5,024,865$101,003,711
73$146,167,183$12,547,082$5,075,983$111,007,579
74$160,955,328$13,040,982$5,125,121$122,022,763
75$177,248,055$13,555,273$5,172,096$134,152,129
76$195,198,712$14,090,837$5,216,716$147,509,025
77$214,976,283$14,648,591$5,258,779$162,218,349
78$236,766,987$15,229,494$5,298,071$178,417,730
79$260,776,030$15,834,551$5,334,367$196,258,822
80$287,229,549$16,464,807$5,367,432$215,908,740
81$316,376,739$17,121,359$5,397,017$237,551,627
82$348,492,211$17,805,350$5,422,861$261,390,402
83$383,878,579$18,517,975$5,444,690$287,648,666
84$422,869,323$19,260,484$5,462,216$316,572,814
85$465,831,928$20,034,182$5,475,134$348,434,360
86$513,171,363$20,840,435$5,483,129$383,532,499
87$565,333,893$21,680,668$5,485,866$422,196,926
88$622,811,302$22,556,372$5,482,994$464,790,954
89$686,145,528$23,469,107$5,474,147$511,714,933
90$755,933,779$24,420,501$5,458,939$563,410,035
91$832,834,177$25,412,258$5,436,965$620,362,415
92$917,571,963$26,446,158$5,407,803$683,107,794
93$1,010,946,347$27,524,063$5,371,008$752,236,521
94$1,113,838,052$28,647,921$5,326,115$828,399,139
95$1,227,217,629$29,819,765$5,272,636$912,312,529
96$1,352,154,618$31,041,724$5,210,060$1,004,766,670
97$1,489,827,646$32,316,025$5,137,853$1,106,632,096
98$1,641,535,549$33,644,993$5,055,455$1,218,868,117
99$1,808,709,641$35,031,064$4,962,279$1,342,531,864
100$1,992,927,221$36,476,783$4,857,712$1,478,788,274