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

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$203,145$201,335$199,570$197,846$196,164$194,277
2 years$100,567$98,694$96,878$95,118$93,411$91,511
3 years$66,378$64,497$62,687$60,943$59,264$57,408
4 years$49,288$47,412$45,620$43,906$42,268$40,471
5 years$39,036$37,172$35,403$33,724$32,131$30,399
6 years$32,204$30,354$28,611$26,970$25,424$23,759
7 years$27,325$25,491$23,776$22,173$20,677$19,079
8 years$23,668$21,850$20,164$18,600$17,153$15,623
9 years$20,825$19,025$17,367$15,843$14,446$12,982
10 years$18,552$16,769$15,141$13,657$12,308$10,911
11 years$16,694$14,929$13,330$11,886$10,586$9,253
12 years$15,146$13,399$11,830$10,426$9,173$7,905
13 years$13,838$12,109$10,569$9,204$7,999$6,793
14 years$12,717$11,007$9,496$8,170$7,012$5,866
15 years$11,747$10,055$8,574$7,287$6,174$5,087
16 years$10,899$9,225$7,774$6,524$5,457$4,426
17 years$10,151$8,496$7,074$5,862$4,838$3,863
18 years$9,487$7,851$6,457$5,283$4,302$3,380
19 years$8,894$7,276$5,911$4,774$3,834$2,964
20 years$8,361$6,761$5,425$4,323$3,425$2,604
21 years$7,879$6,298$4,990$3,924$3,065$2,292
22 years$7,441$5,879$4,599$3,568$2,747$2,019
23 years$7,043$5,498$4,247$3,249$2,466$1,782
24 years$6,678$5,152$3,927$2,963$2,217$1,574
25 years$6,342$4,834$3,637$2,706$1,995$1,391
26 years$6,033$4,544$3,374$2,474$1,797$1,231
27 years$5,748$4,276$3,133$2,265$1,620$1,090
28 years$5,483$4,029$2,912$2,075$1,462$966
29 years$5,237$3,801$2,710$1,903$1,320$856
30 years$5,007$3,590$2,524$1,746$1,193$759
31 years$4,793$3,394$2,353$1,604$1,078$674
32 years$4,593$3,211$2,196$1,474$975$598
33 years$4,405$3,041$2,050$1,356$883$531
34 years$4,229$2,882$1,916$1,247$799$472
35 years$4,063$2,734$1,791$1,148$724$419
36 years$3,907$2,595$1,675$1,057$656$373
37 years$3,760$2,464$1,568$974$594$331
38 years$3,620$2,342$1,468$898$539$295
39 years$3,488$2,227$1,376$828$489$262
40 years$3,363$2,119$1,290$764$443$233
41 years$3,245$2,017$1,209$705$402$207
42 years$3,132$1,921$1,134$650$365$184
43 years$3,025$1,830$1,064$600$331$164
44 years$2,923$1,744$999$554$301$146
45 years$2,826$1,664$938$512$273$130
46 years$2,733$1,587$881$473$248$116
47 years$2,645$1,514$828$437$225$103
48 years$2,560$1,446$778$404$204$92
49 years$2,479$1,381$731$373$186$82
50 years$2,402$1,319$687$345$169$73

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 $6,422 every year, while hoping to spend $35,445 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: 54/39/7 Blend
29$2,460,000$2,460,000$2,460,000$2,460,000
30$2,717,544$2,587,164$2,549,034$2,859,494
31$2,957,021$2,676,222$2,596,714$3,045,279
32$3,219,736$2,768,456$2,644,802$3,242,919
33$3,508,022$2,863,984$2,693,277$3,457,154
34$3,824,450$2,962,928$2,742,111$3,689,563
35$4,171,849$3,065,417$2,791,277$3,941,880
36$4,553,339$3,171,584$2,840,746$4,216,012
37$4,972,353$3,281,565$2,890,485$4,514,057
38$5,432,675$3,395,504$2,940,458$4,838,325
39$5,938,475$3,513,550$2,990,630$5,191,353
40$6,494,343$3,635,858$3,040,961$5,575,934
41$7,105,340$3,762,589$3,091,406$5,995,142
42$7,777,038$3,893,910$3,141,922$6,452,360
43$8,515,579$4,029,994$3,192,459$6,951,308
44$9,327,727$4,171,023$3,242,966$7,496,083
45$10,220,937$4,317,184$3,293,387$8,091,194
46$11,203,420$4,468,674$3,343,662$8,741,603
47$12,284,224$4,625,695$3,393,731$9,452,774
48$13,473,320$4,788,458$3,443,525$10,230,721
49$14,781,690$4,957,184$3,492,975$11,082,065
50$16,221,438$5,132,102$3,542,005$12,014,097
51$17,805,899$5,313,449$3,590,537$13,034,844
52$19,549,766$5,501,473$3,638,485$14,153,145
53$21,469,228$5,696,432$3,685,761$15,378,733
54$23,582,126$5,898,594$3,732,270$16,722,327
55$25,908,115$6,108,237$3,777,913$18,195,731
56$28,468,854$6,325,652$3,822,584$19,811,945
57$31,288,209$6,551,140$3,866,173$21,585,287
58$34,392,477$6,785,017$3,908,561$23,531,527
59$37,810,636$7,027,609$3,949,624$25,668,032
60$41,574,616$7,279,258$3,989,232$28,013,936
61$45,719,602$7,540,316$4,027,246$30,590,310
62$50,284,365$7,811,155$4,063,522$33,420,366
63$55,311,626$8,092,158$4,097,906$36,529,675
64$60,848,463$8,383,724$4,130,237$39,946,403
65$66,946,751$8,686,272$4,160,345$43,701,579
66$73,663,655$9,000,235$4,188,052$47,829,385
67$81,062,165$9,326,064$4,213,169$52,367,477
68$89,211,696$9,664,230$4,235,500$57,357,340
69$98,188,736$10,015,224$4,254,836$62,844,677
70$108,077,573$10,379,557$4,270,959$68,879,840
71$118,971,090$10,757,760$4,283,641$75,518,303
72$130,971,638$11,150,387$4,292,640$82,821,183
73$144,192,006$11,558,016$4,297,703$90,855,814
74$158,756,480$11,981,249$4,298,566$99,696,387
75$174,802,023$12,420,712$4,294,950$109,424,641
76$192,479,561$12,877,058$4,286,563$120,130,636
77$211,955,412$13,350,970$4,273,098$131,913,600
78$233,412,852$13,843,155$4,254,235$144,882,865
79$257,053,847$14,354,354$4,229,636$159,158,896
80$283,100,960$14,885,338$4,198,950$174,874,426
81$311,799,448$15,436,910$4,161,805$192,175,704
82$343,419,581$16,009,908$4,117,815$211,223,879
83$378,259,191$16,605,206$4,066,574$232,196,511
84$416,646,481$17,223,714$4,007,656$255,289,251
85$458,943,127$17,866,381$3,940,618$280,717,681
86$505,547,691$18,534,198$3,864,994$308,719,350
87$556,899,380$19,228,198$3,780,295$339,556,008
88$613,482,194$19,949,458$3,686,013$373,516,080
89$675,829,496$20,699,100$3,581,613$410,917,378
90$744,529,045$21,478,296$3,466,537$452,110,107
91$820,228,544$22,288,268$3,340,202$497,480,159
92$903,641,754$23,130,292$3,201,997$547,452,758
93$995,555,233$24,005,696$3,051,284$602,496,468
94$1,096,835,760$24,915,869$2,887,396$663,127,610
95$1,208,438,519$25,862,258$2,709,635$729,915,139
96$1,331,416,113$26,846,373$2,517,273$803,486,002
97$1,466,928,503$27,869,792$2,309,548$884,531,061
98$1,616,253,957$28,934,158$2,085,664$973,811,602
99$1,780,801,118$30,041,189$1,844,791$1,072,166,524
100$1,962,122,300$31,192,676$1,586,060$1,180,520,250