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%13.3%
1 years$199,841$198,061$196,325$194,629$192,974$190,326
2 years$98,931$97,089$95,303$93,572$91,892$89,229
3 years$65,299$63,449$61,667$59,952$58,300$55,705
4 years$48,486$46,641$44,878$43,192$41,580$39,072
5 years$38,401$36,567$34,827$33,176$31,609$29,196
6 years$31,680$29,860$28,146$26,531$25,011$22,696
7 years$26,881$25,076$23,389$21,813$20,341$18,124
8 years$23,283$21,495$19,836$18,298$16,874$14,756
9 years$20,487$18,715$17,085$15,586$14,211$12,190
10 years$18,251$16,497$14,895$13,435$12,108$10,183
11 years$16,423$14,686$13,113$11,693$10,413$8,583
12 years$14,900$13,181$11,638$10,256$9,024$7,285
13 years$13,613$11,912$10,397$9,055$7,869$6,220
14 years$12,510$10,828$9,342$8,038$6,898$5,336
15 years$11,556$9,891$8,435$7,168$6,074$4,596
16 years$10,722$9,075$7,647$6,418$5,368$3,972
17 years$9,986$8,358$6,959$5,767$4,760$3,442
18 years$9,333$7,723$6,352$5,197$4,232$2,990
19 years$8,749$7,158$5,815$4,696$3,772$2,603
20 years$8,225$6,651$5,337$4,253$3,369$2,270
21 years$7,751$6,195$4,909$3,860$3,015$1,983
22 years$7,320$5,783$4,524$3,510$2,703$1,734
23 years$6,928$5,409$4,177$3,196$2,426$1,518
24 years$6,569$5,068$3,863$2,915$2,181$1,331
25 years$6,239$4,756$3,578$2,662$1,962$1,167
26 years$5,935$4,470$3,319$2,434$1,767$1,025
27 years$5,654$4,207$3,082$2,228$1,594$900
28 years$5,394$3,964$2,865$2,041$1,438$791
29 years$5,152$3,739$2,666$1,872$1,298$696
30 years$4,926$3,531$2,483$1,718$1,173$612
31 years$4,716$3,338$2,315$1,578$1,061$539
32 years$4,519$3,159$2,160$1,450$959$474
33 years$4,334$2,991$2,017$1,334$868$418
34 years$4,160$2,835$1,884$1,227$786$368
35 years$3,997$2,689$1,762$1,129$712$324
36 years$3,844$2,552$1,648$1,040$645$286
37 years$3,698$2,424$1,543$958$585$252
38 years$3,561$2,304$1,445$883$530$222
39 years$3,432$2,191$1,353$815$481$196
40 years$3,309$2,084$1,269$751$436$173
41 years$3,192$1,984$1,190$693$396$152
42 years$3,081$1,890$1,116$640$359$134
43 years$2,976$1,800$1,047$591$326$118
44 years$2,875$1,716$983$545$296$104
45 years$2,780$1,636$923$504$268$92
46 years$2,689$1,561$867$465$244$81
47 years$2,602$1,490$814$430$221$72
48 years$2,518$1,422$765$397$201$63
49 years$2,439$1,358$719$367$183$56
50 years$2,363$1,297$676$339$166$49

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 $5,839 every year, while hoping to spend $24,337 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: 55/31/14 Blend
29$2,420,000$2,420,000$2,420,000$2,420,000
30$2,672,863$2,544,603$2,507,093$2,809,795
31$2,919,601$2,643,394$2,565,186$3,002,299
32$3,190,690$2,746,210$2,624,410$3,208,673
33$3,488,589$2,853,223$2,684,776$3,432,827
34$3,816,005$2,964,612$2,746,297$3,676,464
35$4,175,924$3,080,563$2,808,983$3,941,455
36$4,571,630$3,201,273$2,872,846$4,229,856
37$5,006,746$3,326,945$2,937,896$4,543,932
38$5,485,261$3,457,792$3,004,143$4,886,170
39$6,011,571$3,594,038$3,071,595$5,259,309
40$6,590,520$3,735,914$3,140,262$5,666,361
41$7,227,443$3,883,664$3,210,151$6,110,641
42$7,928,220$4,037,541$3,281,269$6,595,796
43$8,699,328$4,197,811$3,353,622$7,125,839
44$9,547,907$4,364,751$3,427,215$7,705,188
45$10,481,820$4,538,650$3,502,053$8,338,704
46$11,509,732$4,719,811$3,578,139$9,031,738
47$12,641,193$4,908,550$3,655,475$9,790,181
48$13,886,723$5,105,197$3,734,062$10,620,517
49$15,257,916$5,310,098$3,813,899$11,529,885
50$16,767,544$5,523,614$3,894,986$12,526,145
51$18,429,684$5,746,122$3,977,319$13,617,950
52$20,259,846$5,978,016$4,060,893$14,814,828
53$22,275,120$6,219,708$4,145,702$16,127,271
54$24,494,338$6,471,630$4,231,739$17,566,833
55$26,938,252$6,734,231$4,318,993$19,146,236
56$29,629,727$7,007,982$4,407,454$20,879,490
57$32,593,963$7,293,376$4,497,106$22,782,027
58$35,858,723$7,590,928$4,587,935$24,870,840
59$39,454,604$7,901,175$4,679,923$27,164,645
60$43,415,322$8,224,680$4,773,048$29,684,059
61$47,778,027$8,562,033$4,867,288$32,451,786
62$52,583,661$8,913,847$4,962,617$35,492,837
63$57,877,335$9,280,766$5,059,006$38,834,761
64$63,708,764$9,663,465$5,156,423$42,507,902
65$70,132,729$10,062,645$5,254,834$46,545,688
66$77,209,597$10,479,044$5,354,200$50,984,942
67$85,005,890$10,913,432$5,454,480$55,866,226
68$93,594,914$11,366,613$5,555,629$61,234,228
69$103,057,448$11,839,431$5,657,596$67,138,175
70$113,482,511$12,332,765$5,760,328$73,632,298
71$124,968,196$12,847,540$5,863,768$80,776,346
72$137,622,600$13,384,718$5,967,852$88,636,140
73$151,564,845$13,945,308$6,072,515$97,284,197
74$166,926,198$14,530,367$6,177,683$106,800,413
75$183,851,313$15,140,998$6,283,279$117,272,811
76$202,499,598$15,778,358$6,389,219$128,798,370
77$223,046,714$16,443,655$6,495,416$141,483,941
78$245,686,239$17,138,155$6,601,772$155,447,249
79$270,631,492$17,863,181$6,708,188$170,818,001
80$298,117,546$18,620,118$6,814,554$187,739,112
81$328,403,450$19,410,418$6,920,756$206,368,045
82$361,774,670$20,235,596$7,026,669$226,878,298
83$398,545,787$21,097,241$7,132,163$249,461,036
84$439,063,466$21,997,015$7,237,100$274,326,893
85$483,709,729$22,936,658$7,341,331$301,707,957
86$532,905,556$23,917,989$7,444,701$331,859,954
87$587,114,867$24,942,914$7,547,042$365,064,662
88$646,848,895$26,013,429$7,648,180$401,632,563
89$712,671,016$27,131,621$7,747,928$441,905,770
90$785,202,064$28,299,675$7,846,088$486,261,256
91$865,126,196$29,519,880$7,942,453$535,114,400
92$953,197,345$30,794,631$8,036,802$588,922,909
93$1,050,246,341$32,126,436$8,128,903$648,191,133
94$1,157,188,756$33,517,919$8,218,509$713,474,816
95$1,275,033,542$34,971,830$8,305,362$785,386,342
96$1,404,892,559$36,491,045$8,389,187$864,600,505
97$1,547,991,072$38,078,578$8,469,697$951,860,878
98$1,705,679,317$39,737,584$8,546,587$1,047,986,821
99$1,879,445,247$41,471,366$8,619,538$1,153,881,210
100$2,070,928,581$43,283,382$8,688,211$1,270,538,955