Can I retire at age 30 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$201,493$199,698$197,947$196,238$194,569$188,643
2 years$99,749$97,891$96,091$94,345$92,652$86,732
3 years$65,839$63,973$62,177$60,448$58,782$53,055
4 years$48,887$47,027$45,249$43,549$41,924$36,433
5 years$38,719$36,870$35,115$33,450$31,870$26,630
6 years$31,942$30,107$28,378$26,750$25,218$20,233
7 years$27,103$25,284$23,582$21,993$20,509$15,779
8 years$23,476$21,673$20,000$18,449$17,014$12,536
9 years$20,656$18,870$17,226$15,715$14,328$10,098
10 years$18,402$16,633$15,018$13,546$12,208$8,220
11 years$16,558$14,807$13,221$11,789$10,500$6,745
12 years$15,023$13,290$11,734$10,341$9,099$5,571
13 years$13,725$12,011$10,483$9,129$7,934$4,625
14 years$12,614$10,917$9,419$8,104$6,955$3,856
15 years$11,651$9,973$8,504$7,227$6,124$3,225
16 years$10,810$9,150$7,710$6,471$5,412$2,706
17 years$10,069$8,427$7,016$5,814$4,799$2,275
18 years$9,410$7,787$6,405$5,240$4,267$1,916
19 years$8,822$7,217$5,863$4,735$3,803$1,617
20 years$8,293$6,706$5,381$4,288$3,397$1,366
21 years$7,815$6,247$4,950$3,892$3,040$1,156
22 years$7,381$5,831$4,562$3,539$2,725$978
23 years$6,985$5,454$4,212$3,223$2,446$829
24 years$6,623$5,110$3,895$2,939$2,199$703
25 years$6,291$4,795$3,608$2,684$1,978$596
26 years$5,984$4,507$3,346$2,454$1,782$506
27 years$5,701$4,241$3,107$2,247$1,607$430
28 years$5,438$3,997$2,889$2,058$1,450$365
29 years$5,194$3,770$2,688$1,888$1,309$310
30 years$4,967$3,561$2,504$1,732$1,183$264
31 years$4,754$3,366$2,334$1,591$1,069$224
32 years$4,556$3,185$2,178$1,462$967$191
33 years$4,370$3,016$2,033$1,345$875$162
34 years$4,195$2,859$1,900$1,237$793$138
35 years$4,030$2,711$1,776$1,139$718$117
36 years$3,875$2,573$1,662$1,049$650$100
37 years$3,729$2,444$1,555$966$590$85
38 years$3,591$2,323$1,457$891$534$72
39 years$3,460$2,209$1,365$821$485$61
40 years$3,336$2,102$1,279$758$440$52
41 years$3,218$2,000$1,199$699$399$44
42 years$3,106$1,905$1,125$645$362$38
43 years$3,000$1,815$1,056$595$328$32
44 years$2,899$1,730$991$550$298$27
45 years$2,803$1,650$930$508$271$23
46 years$2,711$1,574$874$469$246$20
47 years$2,623$1,502$821$433$223$17
48 years$2,539$1,434$772$400$203$14
49 years$2,459$1,369$725$370$184$12
50 years$2,382$1,308$682$342$167$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,440,000, adding $2,936 every year, while hoping to spend $58,515 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: 57/33/10 Blend
29$2,440,000$2,440,000$2,440,000$2,440,000
30$2,691,908$2,562,588$2,524,768$2,838,686
31$2,904,224$2,625,896$2,547,089$3,001,342
32$3,136,234$2,690,344$2,568,196$3,171,721
33$3,389,886$2,755,927$2,587,986$3,355,955
34$3,667,324$2,822,637$2,606,354$3,555,378
35$3,970,908$2,890,464$2,623,184$3,771,458
36$4,303,238$2,959,394$2,638,358$4,005,810
37$4,667,175$3,029,411$2,651,749$4,260,213
38$5,065,872$3,100,497$2,663,228$4,536,628
39$5,502,799$3,172,629$2,672,654$4,837,212
40$5,981,779$3,245,782$2,679,882$5,164,345
41$6,507,022$3,319,928$2,684,760$5,520,643
42$7,083,166$3,395,032$2,687,127$5,908,993
43$7,715,318$3,471,057$2,686,815$6,332,573
44$8,409,104$3,547,963$2,683,647$6,794,884
45$9,170,721$3,625,702$2,677,438$7,299,783
46$10,006,996$3,704,222$2,667,993$7,851,521
47$10,925,448$3,783,467$2,655,109$8,454,781
48$11,934,360$3,863,374$2,638,572$9,114,722
49$13,042,859$3,943,874$2,618,159$9,837,029
50$14,260,998$4,024,890$2,593,634$10,627,968
51$15,599,851$4,106,341$2,564,752$11,494,440
52$17,071,621$4,188,137$2,531,256$12,444,054
53$18,689,749$4,270,179$2,492,876$13,485,192
54$20,469,047$4,352,361$2,449,331$14,627,090
55$22,425,831$4,434,567$2,400,324$15,879,927
56$24,578,078$4,516,674$2,345,548$17,254,922
57$26,945,596$4,598,545$2,284,678$18,764,436
58$29,550,208$4,680,035$2,217,376$20,422,092
59$32,415,960$4,760,987$2,143,289$22,242,904
60$35,569,345$4,841,233$2,062,046$24,243,416
61$39,039,555$4,920,589$1,973,261$26,441,862
62$42,858,753$4,998,862$1,876,528$28,858,338
63$47,062,380$5,075,840$1,771,426$31,514,988
64$51,689,486$5,151,299$1,657,512$34,436,218
65$56,783,099$5,224,999$1,534,324$37,648,925
66$62,390,631$5,296,680$1,401,380$41,182,751
67$68,564,324$5,366,066$1,258,176$45,070,365
68$75,361,745$5,432,863$1,104,184$49,347,770
69$82,846,324$5,496,754$938,855$54,054,644
70$91,087,957$5,557,403$761,615$59,234,716
71$100,163,663$5,614,450$571,863$64,936,177
72$110,158,310$5,667,512$368,974$71,212,141
73$121,165,417$5,716,179$152,294$78,121,141
74$133,288,033$5,760,015$0$85,727,687
75$146,639,715$5,798,558$0$94,111,297
76$161,345,591$5,831,313$0$103,359,787
77$177,543,549$5,857,755$0$113,543,322
78$195,385,530$5,877,324$0$124,757,149
79$215,038,969$5,889,428$0$137,106,233
80$236,688,368$5,893,434$0$150,706,250
81$260,537,041$5,888,672$0$165,684,678
82$286,809,033$5,874,431$0$182,181,999
83$315,751,230$5,849,953$0$200,353,032
84$347,635,693$5,814,439$0$220,368,392
85$382,762,223$5,767,035$0$242,416,100
86$421,461,191$5,706,842$0$266,703,364
87$464,096,657$5,632,901$0$293,458,532
88$511,069,802$5,544,200$0$322,933,251
89$562,822,720$5,439,663$0$355,404,847
90$619,842,585$5,318,154$0$391,178,938
91$682,666,252$5,178,468$0$430,592,327
92$751,885,325$5,019,328$0$474,016,182
93$828,151,738$4,839,385$0$521,859,541
94$912,183,909$4,637,208$0$574,573,177
95$1,004,773,523$4,411,287$0$632,653,855
96$1,106,793,004$4,160,022$0$696,649,025
97$1,219,203,749$3,881,721$0$767,161,992
98$1,343,065,202$3,574,596$0$844,857,617
99$1,479,544,857$3,236,756$0$930,468,595
100$1,629,929,277$2,866,202$0$1,024,802,375