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

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,922 every year, while hoping to spend $46,691 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: 72/10/18 Blend
29$2,440,000$2,440,000$2,440,000$2,440,000
30$2,694,989$2,565,669$2,527,849$2,877,191
31$2,920,199$2,641,707$2,562,853$3,075,076
32$3,166,815$2,719,907$2,597,464$3,285,526
33$3,436,972$2,800,325$2,631,622$3,514,806
34$3,733,020$2,883,018$2,665,258$3,764,774
35$4,057,548$2,968,045$2,698,304$4,037,479
36$4,413,406$3,055,468$2,730,685$4,335,175
37$4,803,734$3,145,346$2,762,323$4,660,345
38$5,231,991$3,237,744$2,793,137$5,015,725
39$5,701,985$3,332,725$2,823,038$5,404,327
40$6,217,913$3,430,354$2,851,936$5,829,472
41$6,784,398$3,530,698$2,879,733$6,294,815
42$7,406,529$3,633,826$2,906,327$6,804,384
43$8,089,917$3,739,805$2,931,611$7,362,618
44$8,840,740$3,848,707$2,955,472$7,974,406
45$9,665,806$3,960,603$2,977,790$8,645,133
46$10,572,612$4,075,567$2,998,439$9,380,734
47$11,569,420$4,193,672$3,017,289$10,187,748
48$12,665,333$4,314,993$3,034,200$11,073,378
49$13,870,377$4,439,608$3,049,026$12,045,562
50$15,195,601$4,567,595$3,061,614$13,113,046
51$16,653,177$4,699,032$3,071,803$14,285,466
52$18,256,516$4,833,999$3,079,423$15,573,441
53$20,020,394$4,972,578$3,084,297$16,988,669
54$21,961,091$5,114,852$3,086,238$18,544,043
55$24,096,546$5,260,903$3,085,051$20,253,767
56$26,446,523$5,410,817$3,080,530$22,133,496
57$29,032,800$5,564,679$3,072,459$24,200,477
58$31,879,373$5,722,575$3,060,613$26,473,717
59$35,012,680$5,884,592$3,044,755$28,974,159
60$38,461,855$6,050,819$3,024,636$31,724,882
61$42,259,000$6,221,345$2,999,997$34,751,317
62$46,439,485$6,396,258$2,970,564$38,081,489
63$51,042,287$6,575,649$2,936,053$41,746,280
64$56,110,354$6,759,609$2,896,163$45,779,719
65$61,691,008$6,948,228$2,850,583$50,219,308
66$67,836,397$7,141,597$2,798,984$55,106,369
67$74,603,982$7,339,808$2,741,022$60,486,443
68$82,057,081$7,542,952$2,676,340$66,409,710
69$90,265,466$7,751,120$2,604,560$72,931,471
70$99,306,022$7,964,402$2,525,291$80,112,665
71$109,263,469$8,182,891$2,438,121$88,020,447
72$120,231,164$8,406,674$2,342,620$96,728,821
73$132,311,984$8,635,842$2,238,338$106,319,338
74$145,619,290$8,870,482$2,124,806$116,881,866
75$160,278,003$9,110,681$2,001,533$128,515,441
76$176,425,780$9,356,525$1,868,004$141,329,198
77$194,214,311$9,608,096$1,723,685$155,443,406
78$213,810,756$9,865,478$1,568,013$170,990,598
79$235,399,315$10,128,748$1,400,403$188,116,828
80$259,182,973$10,397,985$1,220,244$206,983,047
81$285,385,411$10,673,261$1,026,898$227,766,621
82$314,253,120$10,954,648$819,696$250,663,010
83$346,057,725$11,242,212$597,942$275,887,610
84$381,098,549$11,536,016$360,909$303,677,789
85$419,705,439$11,836,120$107,838$334,295,126
86$462,241,880$12,142,576$0$368,027,881
87$509,108,422$12,455,433$0$405,224,880
88$560,746,465$12,774,732$0$446,229,160
89$617,642,421$13,100,510$0$491,405,929
90$680,332,308$13,432,796$0$541,180,489
91$749,406,810$13,771,610$0$596,021,512
92$825,516,851$14,116,964$0$656,445,467
93$909,379,738$14,468,864$0$723,021,496
94$1,001,785,935$14,827,302$0$796,376,780
95$1,103,606,521$15,192,261$0$877,202,468
96$1,215,801,418$15,563,714$0$966,260,195
97$1,339,428,447$15,941,619$0$1,064,389,272
98$1,475,653,313$16,325,923$0$1,172,514,612
99$1,625,760,615$16,716,558$0$1,291,655,456
100$1,791,165,968$17,113,440$0$1,422,935,002