Can I retire at age 30 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$200,667$198,880$197,136$195,434$193,772$191,589
2 years$99,340$97,490$95,697$93,958$92,272$90,075
3 years$65,569$63,711$61,922$60,200$58,541$56,397
4 years$48,687$46,834$45,064$43,371$41,752$39,678
5 years$38,560$36,719$34,971$33,313$31,739$29,742
6 years$31,811$29,983$28,262$26,641$25,114$23,195
7 years$26,992$25,180$23,486$21,903$20,425$18,585
8 years$23,380$21,584$19,918$18,374$16,944$15,184
9 years$20,571$18,793$17,155$15,650$14,269$12,587
10 years$18,326$16,565$14,956$13,491$12,158$10,554
11 years$16,490$14,747$13,167$11,741$10,457$8,928
12 years$14,962$13,236$11,686$10,298$9,061$7,607
13 years$13,669$11,961$10,440$9,092$7,902$6,520
14 years$12,562$10,873$9,381$8,071$6,927$5,616
15 years$11,604$9,932$8,469$7,198$6,099$4,857
16 years$10,766$9,113$7,679$6,445$5,390$4,215
17 years$10,027$8,392$6,987$5,791$4,779$3,668
18 years$9,372$7,755$6,379$5,218$4,249$3,200
19 years$8,786$7,187$5,839$4,715$3,788$2,798
20 years$8,259$6,679$5,359$4,271$3,383$2,451
21 years$7,783$6,221$4,929$3,876$3,028$2,151
22 years$7,351$5,807$4,543$3,524$2,714$1,889
23 years$6,957$5,431$4,195$3,209$2,436$1,662
24 years$6,596$5,089$3,879$2,927$2,190$1,463
25 years$6,265$4,775$3,593$2,673$1,970$1,290
26 years$5,960$4,488$3,332$2,444$1,775$1,138
27 years$5,677$4,224$3,094$2,237$1,600$1,004
28 years$5,416$3,980$2,877$2,050$1,444$887
29 years$5,173$3,755$2,677$1,880$1,304$784
30 years$4,946$3,546$2,494$1,725$1,178$693
31 years$4,735$3,352$2,325$1,584$1,065$613
32 years$4,537$3,172$2,169$1,456$963$542
33 years$4,352$3,004$2,025$1,339$872$480
34 years$4,178$2,847$1,892$1,232$789$425
35 years$4,014$2,700$1,769$1,134$715$376
36 years$3,859$2,563$1,655$1,045$648$333
37 years$3,714$2,434$1,549$962$587$295
38 years$3,576$2,313$1,451$887$532$262
39 years$3,446$2,200$1,359$818$483$232
40 years$3,322$2,093$1,274$754$438$206
41 years$3,205$1,992$1,194$696$397$182
42 years$3,094$1,897$1,120$642$360$162
43 years$2,988$1,808$1,051$593$327$143
44 years$2,887$1,723$987$548$297$127
45 years$2,791$1,643$927$506$270$113
46 years$2,700$1,568$870$467$245$100
47 years$2,612$1,496$818$432$222$89
48 years$2,529$1,428$768$399$202$79
49 years$2,449$1,364$722$369$183$70
50 years$2,373$1,303$679$341$166$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,430,000, adding $3,441 every year, while hoping to spend $45,111 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: 44/31/25 Blend
29$2,430,000$2,430,000$2,430,000$2,430,000
30$2,681,409$2,552,619$2,514,954$2,779,806
31$2,906,915$2,629,700$2,551,208$2,927,111
32$3,153,911$2,709,046$2,587,163$3,082,070
33$3,424,541$2,790,720$2,622,764$3,249,158
34$3,721,166$2,874,787$2,657,949$3,429,524
35$4,046,388$2,961,314$2,692,653$3,624,436
36$4,403,070$3,050,370$2,726,808$3,835,286
37$4,794,369$3,142,023$2,760,341$4,063,609
38$5,223,759$3,236,347$2,793,177$4,311,093
39$5,695,068$3,333,414$2,825,235$4,579,598
40$6,212,514$3,433,299$2,856,428$4,871,171
41$6,780,739$3,536,080$2,886,668$5,188,066
42$7,404,863$3,641,836$2,915,859$5,532,764
43$8,090,520$3,750,647$2,943,901$5,908,001
44$8,843,920$3,862,596$2,970,690$6,316,786
45$9,671,905$3,977,768$2,996,113$6,762,436
46$10,582,010$4,096,250$3,020,053$7,248,602
47$11,582,538$4,218,129$3,042,388$7,779,308
48$12,682,637$4,343,498$3,062,988$8,358,985
49$13,892,384$4,472,447$3,081,716$8,992,514
50$15,222,884$4,605,073$3,098,430$9,685,275
51$16,686,368$4,741,473$3,112,978$10,443,190
52$18,296,317$4,881,744$3,125,202$11,272,788
53$20,067,581$5,025,989$3,134,935$12,181,258
54$22,016,522$5,174,310$3,142,004$13,176,525
55$24,161,170$5,326,814$3,146,223$14,267,316
56$26,521,389$5,483,607$3,147,402$15,463,249
57$29,119,067$5,644,801$3,145,337$16,774,921
58$31,978,323$5,810,507$3,139,816$18,214,008
59$35,125,729$5,980,839$3,130,617$19,793,375
60$38,590,568$6,155,915$3,117,508$21,527,198
61$42,405,104$6,335,853$3,100,242$23,431,098
62$46,604,889$6,520,774$3,078,564$25,522,285
63$51,229,098$6,710,802$3,052,206$27,819,727
64$56,320,897$6,906,062$3,020,886$30,344,322
65$61,927,852$7,106,683$2,984,310$33,119,100
66$68,102,376$7,312,794$2,942,168$36,169,437
67$74,902,226$7,524,528$2,894,137$39,523,299
68$82,391,042$7,742,019$2,839,880$43,211,499
69$90,638,954$7,965,404$2,779,042$47,267,997
70$99,723,241$8,194,822$2,711,253$51,730,211
71$109,729,056$8,430,413$2,636,125$56,639,378
72$120,750,238$8,672,321$2,553,253$62,040,940
73$132,890,187$8,920,690$2,462,212$67,984,973
74$146,262,849$9,175,667$2,362,559$74,526,658
75$160,993,786$9,437,400$2,253,831$81,726,807
76$177,221,360$9,706,040$2,135,542$89,652,435
77$195,098,042$9,981,740$2,007,186$98,377,389
78$214,791,848$10,264,651$1,868,233$107,983,051
79$236,487,928$10,554,931$1,718,130$118,559,104
80$260,390,309$10,852,734$1,556,300$130,204,379
81$286,723,821$11,158,219$1,382,137$143,027,786
82$315,736,224$11,471,545$1,195,011$157,149,350
83$347,700,538$11,792,870$994,263$172,701,333
84$382,917,628$12,122,356$779,206$189,829,495
85$421,719,038$12,460,163$549,121$208,694,462
86$464,470,122$12,806,452$303,259$229,473,244
87$511,573,492$13,161,386$40,835$252,360,913
88$563,472,819$13,525,125$0$277,572,438
89$620,657,021$13,897,831$0$305,408,527
90$683,664,875$14,279,663$0$336,082,209
91$753,090,108$14,670,781$0$369,870,513
92$829,586,993$15,071,344$0$407,090,736
93$913,876,534$15,481,508$0$448,092,525
94$1,006,753,266$15,901,427$0$493,261,185
95$1,109,092,757$16,331,254$0$543,021,306
96$1,221,859,871$16,771,139$0$597,840,780
97$1,346,117,880$17,221,227$0$658,235,212
98$1,483,038,497$17,681,660$0$724,772,785
99$1,633,912,940$18,152,578$0$798,079,629
100$1,800,164,118$18,634,113$0$878,845,724