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%18.8%
1 years$201,493$199,698$197,947$196,238$194,569$187,666
2 years$99,749$97,891$96,091$94,345$92,652$85,770
3 years$65,839$63,973$62,177$60,448$58,782$52,139
4 years$48,887$47,027$45,249$43,549$41,924$35,570
5 years$38,719$36,870$35,115$33,450$31,870$25,821
6 years$31,942$30,107$28,378$26,750$25,218$19,479
7 years$27,103$25,284$23,582$21,993$20,509$15,079
8 years$23,476$21,673$20,000$18,449$17,014$11,889
9 years$20,656$18,870$17,226$15,715$14,328$9,501
10 years$18,402$16,633$15,018$13,546$12,208$7,670
11 years$16,558$14,807$13,221$11,789$10,500$6,242
12 years$15,023$13,290$11,734$10,341$9,099$5,111
13 years$13,725$12,011$10,483$9,129$7,934$4,206
14 years$12,614$10,917$9,419$8,104$6,955$3,475
15 years$11,651$9,973$8,504$7,227$6,124$2,880
16 years$10,810$9,150$7,710$6,471$5,412$2,393
17 years$10,069$8,427$7,016$5,814$4,799$1,993
18 years$9,410$7,787$6,405$5,240$4,267$1,663
19 years$8,822$7,217$5,863$4,735$3,803$1,389
20 years$8,293$6,706$5,381$4,288$3,397$1,162
21 years$7,815$6,247$4,950$3,892$3,040$973
22 years$7,381$5,831$4,562$3,539$2,725$816
23 years$6,985$5,454$4,212$3,223$2,446$684
24 years$6,623$5,110$3,895$2,939$2,199$574
25 years$6,291$4,795$3,608$2,684$1,978$482
26 years$5,984$4,507$3,346$2,454$1,782$405
27 years$5,701$4,241$3,107$2,247$1,607$340
28 years$5,438$3,997$2,889$2,058$1,450$286
29 years$5,194$3,770$2,688$1,888$1,309$240
30 years$4,967$3,561$2,504$1,732$1,183$202
31 years$4,754$3,366$2,334$1,591$1,069$170
32 years$4,556$3,185$2,178$1,462$967$143
33 years$4,370$3,016$2,033$1,345$875$120
34 years$4,195$2,859$1,900$1,237$793$101
35 years$4,030$2,711$1,776$1,139$718$85
36 years$3,875$2,573$1,662$1,049$650$72
37 years$3,729$2,444$1,555$966$590$60
38 years$3,591$2,323$1,457$891$534$51
39 years$3,460$2,209$1,365$821$485$43
40 years$3,336$2,102$1,279$758$440$36
41 years$3,218$2,000$1,199$699$399$30
42 years$3,106$1,905$1,125$645$362$25
43 years$3,000$1,815$1,056$595$328$21
44 years$2,899$1,730$991$550$298$18
45 years$2,803$1,650$930$508$271$15
46 years$2,711$1,574$874$469$246$13
47 years$2,623$1,502$821$433$223$11
48 years$2,539$1,434$772$400$203$9
49 years$2,459$1,369$725$370$184$8
50 years$2,382$1,308$682$342$167$6

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 $3,475 every year, while hoping to spend $41,627 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: 45/47/8 Blend
29$2,440,000$2,440,000$2,440,000$2,440,000
30$2,692,464$2,563,144$2,525,324$2,807,437
31$2,922,805$2,644,448$2,565,632$2,968,509
32$3,175,245$2,728,340$2,605,895$3,138,484
33$3,451,995$2,814,903$2,646,067$3,321,828
34$3,755,489$2,904,224$2,686,101$3,519,784
35$4,088,408$2,996,390$2,725,945$3,733,724
36$4,453,706$3,091,493$2,765,544$3,965,150
37$4,854,634$3,189,627$2,804,840$4,215,720
38$5,294,777$3,290,889$2,843,772$4,487,251
39$5,778,081$3,395,379$2,882,275$4,781,746
40$6,308,894$3,503,202$2,920,280$5,101,406
41$6,892,006$3,614,463$2,957,714$5,448,653
42$7,532,692$3,729,273$2,994,499$5,826,152
43$8,236,766$3,847,747$3,030,554$6,236,835
44$9,010,632$3,970,002$3,065,793$6,683,929
45$9,861,344$4,096,159$3,100,125$7,170,984
46$10,796,674$4,226,345$3,133,452$7,701,910
47$11,825,187$4,360,688$3,165,675$8,281,007
48$12,956,316$4,499,322$3,196,685$8,913,013
49$14,200,457$4,642,385$3,226,371$9,603,141
50$15,569,062$4,790,020$3,254,613$10,357,131
51$17,074,750$4,942,375$3,281,286$11,181,302
52$18,731,424$5,099,600$3,306,258$12,082,614
53$20,554,402$5,261,854$3,329,391$13,068,729
54$22,560,564$5,429,298$3,350,539$14,148,086
55$24,768,508$5,602,099$3,369,547$15,329,977
56$27,198,724$5,780,431$3,386,256$16,624,636
57$29,873,794$5,964,472$3,400,495$18,043,335
58$32,818,595$6,154,406$3,412,087$19,598,487
59$36,060,544$6,350,423$3,420,843$21,303,766
60$39,629,846$6,552,721$3,426,568$23,174,233
61$43,559,787$6,761,501$3,429,055$25,226,478
62$47,887,045$6,976,974$3,428,088$27,478,773
63$52,652,035$7,199,357$3,423,440$29,951,250
64$57,899,289$7,428,872$3,414,872$32,666,082
65$63,677,881$7,665,751$3,402,135$35,647,699
66$70,041,884$7,910,232$3,384,966$38,923,012
67$77,050,885$8,162,562$3,363,091$42,521,669
68$84,770,543$8,422,995$3,336,222$46,476,332
69$93,273,211$8,691,795$3,304,057$50,822,987
70$102,638,617$8,969,231$3,266,282$55,601,277
71$112,954,617$9,255,585$3,222,564$60,854,884
72$124,318,027$9,551,147$3,172,559$66,631,930
73$136,835,528$9,856,216$3,115,902$72,985,439
74$150,624,681$10,171,100$3,052,214$79,973,830
75$165,815,035$10,496,120$2,981,099$87,661,470
76$182,549,343$10,831,604$2,902,140$96,119,280
77$200,984,917$11,177,895$2,814,904$105,425,403
78$221,295,110$11,535,343$2,718,934$115,665,942
79$243,670,949$11,904,312$2,613,756$126,935,767
80$268,322,942$12,285,179$2,498,873$139,339,413
81$295,483,060$12,678,332$2,373,764$152,992,064
82$325,406,933$13,084,170$2,237,885$168,020,640
83$358,376,256$13,503,110$2,090,670$184,564,991
84$394,701,451$13,935,579$1,931,524$202,779,218
85$434,724,596$14,382,020$1,759,828$222,833,126
86$478,822,656$14,842,890$1,574,933$244,913,822
87$527,411,036$15,318,661$1,376,162$269,227,485
88$580,947,508$15,809,822$1,162,810$296,001,306
89$639,936,527$16,316,877$934,138$325,485,633
90$704,933,996$16,840,347$689,375$357,956,331
91$776,552,512$17,380,772$427,716$393,717,387
92$855,467,146$17,938,707$148,323$433,103,775
93$942,421,820$18,514,729$0$476,484,618
94$1,038,236,327$19,109,433$0$524,279,459
95$1,143,814,070$19,723,433$0$576,938,073
96$1,260,150,589$20,357,364$0$634,941,787
97$1,388,342,958$21,011,884$0$698,834,965
98$1,529,600,144$21,687,671$0$769,217,467
99$1,685,254,419$22,385,427$0$846,750,313
100$1,856,773,934$23,105,877$0$932,161,917