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%18.2%
1 years$201,493$199,698$197,947$196,238$194,569$188,115
2 years$99,749$97,891$96,091$94,345$92,652$86,212
3 years$65,839$63,973$62,177$60,448$58,782$52,559
4 years$48,887$47,027$45,249$43,549$41,924$35,965
5 years$38,719$36,870$35,115$33,450$31,870$26,191
6 years$31,942$30,107$28,378$26,750$25,218$19,823
7 years$27,103$25,284$23,582$21,993$20,509$15,398
8 years$23,476$21,673$20,000$18,449$17,014$12,183
9 years$20,656$18,870$17,226$15,715$14,328$9,772
10 years$18,402$16,633$15,018$13,546$12,208$7,919
11 years$16,558$14,807$13,221$11,789$10,500$6,469
12 years$15,023$13,290$11,734$10,341$9,099$5,319
13 years$13,725$12,011$10,483$9,129$7,934$4,395
14 years$12,614$10,917$9,419$8,104$6,955$3,646
15 years$11,651$9,973$8,504$7,227$6,124$3,035
16 years$10,810$9,150$7,710$6,471$5,412$2,533
17 years$10,069$8,427$7,016$5,814$4,799$2,119
18 years$9,410$7,787$6,405$5,240$4,267$1,776
19 years$8,822$7,217$5,863$4,735$3,803$1,490
20 years$8,293$6,706$5,381$4,288$3,397$1,252
21 years$7,815$6,247$4,950$3,892$3,040$1,054
22 years$7,381$5,831$4,562$3,539$2,725$887
23 years$6,985$5,454$4,212$3,223$2,446$748
24 years$6,623$5,110$3,895$2,939$2,199$630
25 years$6,291$4,795$3,608$2,684$1,978$532
26 years$5,984$4,507$3,346$2,454$1,782$449
27 years$5,701$4,241$3,107$2,247$1,607$379
28 years$5,438$3,997$2,889$2,058$1,450$320
29 years$5,194$3,770$2,688$1,888$1,309$270
30 years$4,967$3,561$2,504$1,732$1,183$228
31 years$4,754$3,366$2,334$1,591$1,069$193
32 years$4,556$3,185$2,178$1,462$967$163
33 years$4,370$3,016$2,033$1,345$875$138
34 years$4,195$2,859$1,900$1,237$793$117
35 years$4,030$2,711$1,776$1,139$718$99
36 years$3,875$2,573$1,662$1,049$650$83
37 years$3,729$2,444$1,555$966$590$71
38 years$3,591$2,323$1,457$891$534$60
39 years$3,460$2,209$1,365$821$485$50
40 years$3,336$2,102$1,279$758$440$43
41 years$3,218$2,000$1,199$699$399$36
42 years$3,106$1,905$1,125$645$362$31
43 years$3,000$1,815$1,056$595$328$26
44 years$2,899$1,730$991$550$298$22
45 years$2,803$1,650$930$508$271$18
46 years$2,711$1,574$874$469$246$16
47 years$2,623$1,502$821$433$223$13
48 years$2,539$1,434$772$400$203$11
49 years$2,459$1,369$725$370$184$9
50 years$2,382$1,308$682$342$167$8

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 $3,169 every year, while hoping to spend $50,259 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: 74/12/14 Blend
29$2,440,000$2,440,000$2,440,000$2,440,000
30$2,692,149$2,562,829$2,525,009$2,883,065
31$2,913,273$2,634,932$2,556,121$3,081,848
32$3,155,267$2,708,884$2,586,592$3,293,052
33$3,420,207$2,784,722$2,616,345$3,523,106
34$3,710,379$2,862,484$2,645,304$3,773,868
35$4,028,299$2,942,208$2,673,383$4,047,384
36$4,376,741$3,023,931$2,700,496$4,345,905
37$4,758,756$3,107,692$2,726,551$4,671,914
38$5,177,708$3,193,527$2,751,449$5,028,143
39$5,637,300$3,281,476$2,775,089$5,417,603
40$6,141,612$3,371,576$2,797,361$5,843,609
41$6,695,137$3,463,863$2,818,153$6,309,815
42$7,302,824$3,558,376$2,837,345$6,820,243
43$7,970,126$3,655,150$2,854,810$7,379,327
44$8,703,049$3,754,223$2,870,416$7,991,951
45$9,508,209$3,855,629$2,884,024$8,663,494
46$10,392,895$3,959,403$2,895,488$9,399,883
47$11,365,137$4,065,581$2,904,653$10,207,650
48$12,433,781$4,174,194$2,911,359$11,093,988
49$13,608,573$4,285,275$2,915,435$12,066,825
50$14,900,249$4,398,856$2,916,704$13,134,896
51$16,320,640$4,514,965$2,914,980$14,307,824
52$17,882,779$4,633,632$2,910,065$15,596,213
53$19,601,024$4,754,882$2,901,754$17,011,747
54$21,491,199$4,878,742$2,889,833$18,567,299
55$23,570,733$5,005,232$2,874,075$20,277,057
56$25,858,835$5,134,375$2,854,243$22,156,650
57$28,376,665$5,266,188$2,830,088$24,223,302
58$31,147,540$5,400,687$2,801,352$26,495,993
59$34,197,154$5,537,885$2,767,762$28,995,637
60$37,553,814$5,677,792$2,729,032$31,745,279
61$41,248,712$5,820,413$2,684,864$34,770,314
62$45,316,219$5,965,752$2,634,946$38,098,725
63$49,794,206$6,113,806$2,578,949$41,761,348
64$54,724,404$6,264,571$2,516,532$45,792,163
65$60,152,794$6,418,036$2,447,337$50,228,616
66$66,130,044$6,574,185$2,370,988$55,111,970
67$72,711,987$6,732,999$2,287,094$60,487,694
68$79,960,143$6,894,449$2,195,245$66,405,897
69$87,942,304$7,058,503$2,095,013$72,921,795
70$96,733,172$7,225,123$1,985,949$80,096,237
71$106,415,062$7,394,260$1,867,584$87,996,275
72$117,078,681$7,565,862$1,739,431$96,695,803
73$128,823,981$7,739,864$1,600,977$106,276,247
74$141,761,105$7,916,195$1,451,687$116,827,342
75$156,011,423$8,094,774$1,291,005$128,447,973
76$171,708,681$8,275,511$1,118,346$141,247,109
77$189,000,258$8,458,302$933,102$155,344,836
78$208,048,560$8,643,035$734,637$170,873,487
79$229,032,553$8,829,583$522,287$187,978,894
80$252,149,449$9,017,809$295,359$206,821,763
81$277,616,569$9,207,557$53,130$227,579,190
82$305,673,393$9,398,662$0$250,446,337
83$336,583,821$9,590,939$0$275,668,951
84$370,638,663$9,784,187$0$303,463,824
85$408,158,383$9,978,187$0$334,084,315
86$449,496,123$10,172,704$0$367,818,374
87$495,041,038$10,367,477$0$404,983,315
88$545,221,969$10,562,228$0$445,928,815
89$600,511,486$10,756,654$0$491,040,207
90$661,430,357$10,950,429$0$540,742,122
91$728,552,453$11,143,200$0$595,502,500
92$802,510,173$11,334,586$0$655,836,998
93$884,000,410$11,524,180$0$722,313,867
94$973,791,128$11,711,541$0$795,559,312
95$1,072,728,614$11,896,198$0$876,263,400
96$1,181,745,463$12,077,642$0$965,186,582
97$1,301,869,385$12,255,331$0$1,063,166,863
98$1,434,232,902$12,428,682$0$1,171,127,720
99$1,580,084,042$12,597,071$0$1,290,086,816
100$1,740,798,119$12,759,833$0$1,421,165,606