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%16.9%
1 years$201,493$199,698$197,947$196,238$194,569$189,099
2 years$99,749$97,891$96,091$94,345$92,652$87,182
3 years$65,839$63,973$62,177$60,448$58,782$53,485
4 years$48,887$47,027$45,249$43,549$41,924$36,839
5 years$38,719$36,870$35,115$33,450$31,870$27,012
6 years$31,942$30,107$28,378$26,750$25,218$20,591
7 years$27,103$25,284$23,582$21,993$20,509$16,113
8 years$23,476$21,673$20,000$18,449$17,014$12,847
9 years$20,656$18,870$17,226$15,715$14,328$10,386
10 years$18,402$16,633$15,018$13,546$12,208$8,486
11 years$16,558$14,807$13,221$11,789$10,500$6,991
12 years$15,023$13,290$11,734$10,341$9,099$5,797
13 years$13,725$12,011$10,483$9,129$7,934$4,832
14 years$12,614$10,917$9,419$8,104$6,955$4,045
15 years$11,651$9,973$8,504$7,227$6,124$3,398
16 years$10,810$9,150$7,710$6,471$5,412$2,863
17 years$10,069$8,427$7,016$5,814$4,799$2,418
18 years$9,410$7,787$6,405$5,240$4,267$2,046
19 years$8,822$7,217$5,863$4,735$3,803$1,734
20 years$8,293$6,706$5,381$4,288$3,397$1,472
21 years$7,815$6,247$4,950$3,892$3,040$1,251
22 years$7,381$5,831$4,562$3,539$2,725$1,064
23 years$6,985$5,454$4,212$3,223$2,446$906
24 years$6,623$5,110$3,895$2,939$2,199$772
25 years$6,291$4,795$3,608$2,684$1,978$658
26 years$5,984$4,507$3,346$2,454$1,782$561
27 years$5,701$4,241$3,107$2,247$1,607$479
28 years$5,438$3,997$2,889$2,058$1,450$409
29 years$5,194$3,770$2,688$1,888$1,309$349
30 years$4,967$3,561$2,504$1,732$1,183$298
31 years$4,754$3,366$2,334$1,591$1,069$255
32 years$4,556$3,185$2,178$1,462$967$217
33 years$4,370$3,016$2,033$1,345$875$186
34 years$4,195$2,859$1,900$1,237$793$159
35 years$4,030$2,711$1,776$1,139$718$136
36 years$3,875$2,573$1,662$1,049$650$116
37 years$3,729$2,444$1,555$966$590$99
38 years$3,591$2,323$1,457$891$534$85
39 years$3,460$2,209$1,365$821$485$73
40 years$3,336$2,102$1,279$758$440$62
41 years$3,218$2,000$1,199$699$399$53
42 years$3,106$1,905$1,125$645$362$45
43 years$3,000$1,815$1,056$595$328$39
44 years$2,899$1,730$991$550$298$33
45 years$2,803$1,650$930$508$271$28
46 years$2,711$1,574$874$469$246$24
47 years$2,623$1,502$821$433$223$21
48 years$2,539$1,434$772$400$203$18
49 years$2,459$1,369$725$370$184$15
50 years$2,382$1,308$682$342$167$13

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 $5,240 every year, while hoping to spend $36,979 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: 62/31/7 Blend
29$2,440,000$2,440,000$2,440,000$2,440,000
30$2,694,285$2,564,965$2,527,145$2,857,334
31$2,929,757$2,651,303$2,572,459$3,053,187
32$3,188,007$2,740,632$2,618,052$3,262,081
33$3,471,321$2,833,060$2,663,893$3,489,129
34$3,782,214$2,928,698$2,709,952$3,736,082
35$4,123,457$3,027,662$2,756,193$4,004,871
36$4,498,105$3,130,072$2,802,580$4,297,617
37$4,909,519$3,236,053$2,849,074$4,616,656
38$5,361,405$3,345,735$2,895,633$4,964,559
39$5,857,843$3,459,251$2,942,212$5,344,154
40$6,403,329$3,576,740$2,988,762$5,758,554
41$7,002,817$3,698,349$3,035,234$6,211,188
42$7,661,762$3,824,226$3,081,572$6,705,829
43$8,386,176$3,954,527$3,127,719$7,246,630
44$9,182,683$4,089,416$3,173,614$7,838,165
45$10,058,578$4,229,059$3,219,192$8,485,469
46$11,021,902$4,373,631$3,264,384$9,194,088
47$12,081,511$4,523,314$3,309,115$9,970,126
48$13,247,164$4,678,295$3,353,310$10,820,307
49$14,529,614$4,838,771$3,396,885$11,752,035
50$15,940,708$5,004,944$3,439,754$12,773,465
51$17,493,499$5,177,026$3,481,825$13,893,578
52$19,202,371$5,355,235$3,523,001$15,122,264
53$21,083,170$5,539,799$3,563,179$16,470,418
54$23,153,359$5,730,955$3,602,251$17,950,041
55$25,432,178$5,928,947$3,640,102$19,574,349
56$27,940,827$6,134,033$3,676,613$21,357,903
57$30,702,668$6,346,477$3,711,656$23,316,740
58$33,743,440$6,566,554$3,745,096$25,468,527
59$37,091,508$6,794,552$3,776,794$27,832,728
60$40,778,125$7,030,769$3,806,600$30,430,783
61$44,837,731$7,275,513$3,834,358$33,286,310
62$49,308,273$7,529,108$3,859,903$36,425,332
63$54,231,570$7,791,887$3,883,062$39,876,516
64$59,653,699$8,064,198$3,903,654$43,671,444
65$65,625,437$8,346,404$3,921,487$47,844,913
66$72,202,734$8,638,880$3,936,359$52,435,259
67$79,447,245$8,942,018$3,948,060$57,484,720
68$87,426,912$9,256,224$3,956,367$63,039,830
69$96,216,600$9,581,922$3,961,048$69,151,865
70$105,898,808$9,919,552$3,961,859$75,877,315
71$116,564,448$10,269,571$3,958,543$83,278,425
72$128,313,698$10,632,456$3,950,830$91,423,777
73$141,256,951$11,008,702$3,938,438$100,388,937
74$155,515,856$11,398,825$3,921,072$110,257,167
75$171,224,466$11,803,361$3,898,421$121,120,210
76$188,530,504$12,222,867$3,870,160$133,079,154
77$207,596,753$12,657,926$3,835,949$146,245,384
78$228,602,598$13,109,141$3,795,429$160,741,634
79$251,745,716$13,577,141$3,748,228$176,703,142
80$277,243,939$14,062,581$3,693,954$194,278,925
81$305,337,316$14,566,142$3,632,197$213,633,187
82$336,290,374$15,088,535$3,562,527$234,946,863
83$370,394,616$15,630,497$3,484,496$258,419,328
84$407,971,274$16,192,799$3,397,634$284,270,276
85$449,374,337$16,776,240$3,301,448$312,741,794
86$494,993,898$17,381,654$3,195,425$344,100,642
87$545,259,831$18,009,910$3,079,027$378,640,771
88$600,645,850$18,661,912$2,951,691$416,686,095
89$661,673,983$19,338,602$2,812,829$458,593,550
90$728,919,497$20,040,961$2,661,826$504,756,456
91$803,016,328$20,770,010$2,498,039$555,608,229
92$884,663,068$21,526,815$2,320,798$611,626,474
93$974,629,556$22,312,484$2,129,400$673,337,486
94$1,073,764,148$23,128,173$1,923,112$741,321,219
95$1,183,001,723$23,975,086$1,701,168$816,216,758
96$1,303,372,510$24,854,476$1,462,769$898,728,345
97$1,436,011,813$25,767,652$1,207,078$989,632,031
98$1,582,170,726$26,715,976$933,224$1,089,782,996
99$1,743,227,949$27,700,867$640,296$1,200,123,618
100$1,920,702,796$28,723,807$327,342$1,321,692,366