Can I retire at age 30 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$203,145$201,335$199,570$197,846$196,164$193,392
2 years$100,567$98,694$96,878$95,118$93,411$90,624
3 years$66,378$64,497$62,687$60,943$59,264$56,548
4 years$49,288$47,412$45,620$43,906$42,268$39,644
5 years$39,036$37,172$35,403$33,724$32,131$29,607
6 years$32,204$30,354$28,611$26,970$25,424$23,003
7 years$27,325$25,491$23,776$22,173$20,677$18,359
8 years$23,668$21,850$20,164$18,600$17,153$14,939
9 years$20,825$19,025$17,367$15,843$14,446$12,334
10 years$18,552$16,769$15,141$13,657$12,308$10,297
11 years$16,694$14,929$13,330$11,886$10,586$8,673
12 years$15,146$13,399$11,830$10,426$9,173$7,357
13 years$13,838$12,109$10,569$9,204$7,999$6,277
14 years$12,717$11,007$9,496$8,170$7,012$5,382
15 years$11,747$10,055$8,574$7,287$6,174$4,632
16 years$10,899$9,225$7,774$6,524$5,457$4,000
17 years$10,151$8,496$7,074$5,862$4,838$3,464
18 years$9,487$7,851$6,457$5,283$4,302$3,007
19 years$8,894$7,276$5,911$4,774$3,834$2,616
20 years$8,361$6,761$5,425$4,323$3,425$2,280
21 years$7,879$6,298$4,990$3,924$3,065$1,990
22 years$7,441$5,879$4,599$3,568$2,747$1,739
23 years$7,043$5,498$4,247$3,249$2,466$1,521
24 years$6,678$5,152$3,927$2,963$2,217$1,332
25 years$6,342$4,834$3,637$2,706$1,995$1,168
26 years$6,033$4,544$3,374$2,474$1,797$1,024
27 years$5,748$4,276$3,133$2,265$1,620$899
28 years$5,483$4,029$2,912$2,075$1,462$790
29 years$5,237$3,801$2,710$1,903$1,320$694
30 years$5,007$3,590$2,524$1,746$1,193$610
31 years$4,793$3,394$2,353$1,604$1,078$536
32 years$4,593$3,211$2,196$1,474$975$472
33 years$4,405$3,041$2,050$1,356$883$415
34 years$4,229$2,882$1,916$1,247$799$365
35 years$4,063$2,734$1,791$1,148$724$322
36 years$3,907$2,595$1,675$1,057$656$283
37 years$3,760$2,464$1,568$974$594$249
38 years$3,620$2,342$1,468$898$539$220
39 years$3,488$2,227$1,376$828$489$194
40 years$3,363$2,119$1,290$764$443$171
41 years$3,245$2,017$1,209$705$402$150
42 years$3,132$1,921$1,134$650$365$132
43 years$3,025$1,830$1,064$600$331$117
44 years$2,923$1,744$999$554$301$103
45 years$2,826$1,664$938$512$273$91
46 years$2,733$1,587$881$473$248$80
47 years$2,645$1,514$828$437$225$70
48 years$2,560$1,446$778$404$204$62
49 years$2,479$1,381$731$373$186$55
50 years$2,402$1,319$687$345$169$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,460,000, adding $5,827 every year, while hoping to spend $39,190 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: 67/20/13 Blend
29$2,460,000$2,460,000$2,460,000$2,460,000
30$2,716,931$2,586,551$2,548,421$2,890,574
31$2,952,360$2,671,594$2,592,095$3,092,046
32$3,210,489$2,759,490$2,635,919$3,307,071
33$3,493,593$2,850,339$2,679,856$3,541,172
34$3,804,175$2,944,242$2,723,867$3,796,217
35$4,144,996$3,041,305$2,767,911$4,074,259
36$4,519,093$3,141,636$2,811,944$4,377,558
37$4,929,815$3,245,351$2,855,918$4,708,604
38$5,380,848$3,352,565$2,899,783$5,070,137
39$5,876,254$3,463,400$2,943,486$5,465,175
40$6,420,508$3,577,983$2,986,969$5,897,041
41$7,018,540$3,696,444$3,030,173$6,369,393
42$7,675,780$3,818,919$3,073,033$6,886,261
43$8,398,212$3,945,548$3,115,481$7,452,083
44$9,192,425$4,076,475$3,157,445$8,071,746
45$10,065,682$4,211,853$3,198,850$8,750,634
46$11,025,984$4,351,836$3,239,613$9,494,676
47$12,082,146$4,496,587$3,279,651$10,310,403
48$13,243,878$4,646,273$3,318,873$11,205,008
49$14,521,882$4,801,069$3,357,184$12,186,416
50$15,927,946$4,961,154$3,394,482$13,263,357
51$17,475,062$5,126,715$3,430,662$14,445,445
52$19,177,541$5,297,947$3,465,612$15,743,275
53$21,051,153$5,475,049$3,499,213$17,168,516
54$23,113,275$5,658,231$3,531,341$18,734,026
55$25,383,053$5,847,709$3,561,865$20,453,968
56$27,881,584$6,043,706$3,590,647$22,343,949
57$30,632,113$6,246,454$3,617,541$24,421,159
58$33,660,254$6,456,196$3,642,393$26,704,542
59$36,994,230$6,673,180$3,665,044$29,214,968
60$40,665,142$6,897,667$3,685,324$31,975,429
61$44,707,258$7,129,924$3,703,054$35,011,261
62$49,158,340$7,370,232$3,718,048$38,350,379
63$54,059,997$7,618,879$3,730,108$42,023,538
64$59,458,079$7,876,167$3,739,030$46,064,628
65$65,403,111$8,142,406$3,744,594$50,510,988
66$71,950,765$8,417,921$3,746,575$55,403,764
67$79,162,391$8,703,047$3,744,733$60,788,288
68$87,105,591$8,998,133$3,738,818$66,714,516
69$95,854,860$9,303,540$3,728,567$73,237,489
70$105,492,285$9,619,643$3,713,704$80,417,860
71$116,108,326$9,946,833$3,693,941$88,322,460
72$127,802,661$10,285,514$3,668,973$97,024,930
73$140,685,133$10,636,105$3,638,485$106,606,420
74$154,876,786$10,999,044$3,602,144$117,156,345
75$170,511,004$11,374,782$3,559,601$128,773,238
76$187,734,770$11,763,790$3,510,491$141,565,674
77$206,710,057$12,166,556$3,454,433$155,653,293
78$227,615,353$12,583,588$3,391,027$171,167,935
79$250,647,347$13,015,411$3,319,854$188,254,877
80$276,022,783$13,462,574$3,240,477$207,074,207
81$303,980,511$13,925,643$3,152,436$227,802,334
82$334,783,734$14,405,211$3,055,254$250,633,653
83$368,722,498$14,901,889$2,948,428$275,782,378
84$406,116,427$15,416,316$2,831,434$303,484,563
85$447,317,740$15,949,153$2,703,725$334,000,331
86$492,714,576$16,501,088$2,564,726$367,616,330
87$542,734,657$17,072,836$2,413,839$404,648,435
88$597,849,328$17,665,141$2,250,439$445,444,728
89$658,578,001$18,278,774$2,073,870$490,388,788
90$725,493,062$18,914,539$1,883,449$539,903,308
91$799,225,272$19,573,269$1,678,463$594,454,085
92$880,469,723$20,255,833$1,458,165$654,554,413
93$969,992,398$20,963,131$1,221,776$720,769,934
94$1,068,637,400$21,696,103$968,483$793,723,973
95$1,177,334,925$22,455,721$697,437$874,103,420
96$1,297,110,037$23,243,002$407,751$962,665,215
97$1,429,092,350$24,058,998$98,500$1,060,243,496
98$1,574,526,687$24,904,806$0$1,167,757,466
99$1,734,784,834$25,781,566$0$1,286,252,189
100$1,911,378,489$26,690,465$0$1,416,828,474