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%18.8%
1 years$203,145$201,335$199,570$197,846$196,164$189,204
2 years$100,567$98,694$96,878$95,118$93,411$86,473
3 years$66,378$64,497$62,687$60,943$59,264$52,566
4 years$49,288$47,412$45,620$43,906$42,268$35,861
5 years$39,036$37,172$35,403$33,724$32,131$26,033
6 years$32,204$30,354$28,611$26,970$25,424$19,639
7 years$27,325$25,491$23,776$22,173$20,677$15,203
8 years$23,668$21,850$20,164$18,600$17,153$11,986
9 years$20,825$19,025$17,367$15,843$14,446$9,579
10 years$18,552$16,769$15,141$13,657$12,308$7,733
11 years$16,694$14,929$13,330$11,886$10,586$6,293
12 years$15,146$13,399$11,830$10,426$9,173$5,153
13 years$13,838$12,109$10,569$9,204$7,999$4,240
14 years$12,717$11,007$9,496$8,170$7,012$3,503
15 years$11,747$10,055$8,574$7,287$6,174$2,903
16 years$10,899$9,225$7,774$6,524$5,457$2,413
17 years$10,151$8,496$7,074$5,862$4,838$2,009
18 years$9,487$7,851$6,457$5,283$4,302$1,676
19 years$8,894$7,276$5,911$4,774$3,834$1,401
20 years$8,361$6,761$5,425$4,323$3,425$1,172
21 years$7,879$6,298$4,990$3,924$3,065$981
22 years$7,441$5,879$4,599$3,568$2,747$822
23 years$7,043$5,498$4,247$3,249$2,466$690
24 years$6,678$5,152$3,927$2,963$2,217$579
25 years$6,342$4,834$3,637$2,706$1,995$486
26 years$6,033$4,544$3,374$2,474$1,797$408
27 years$5,748$4,276$3,133$2,265$1,620$343
28 years$5,483$4,029$2,912$2,075$1,462$288
29 years$5,237$3,801$2,710$1,903$1,320$242
30 years$5,007$3,590$2,524$1,746$1,193$204
31 years$4,793$3,394$2,353$1,604$1,078$171
32 years$4,593$3,211$2,196$1,474$975$144
33 years$4,405$3,041$2,050$1,356$883$121
34 years$4,229$2,882$1,916$1,247$799$102
35 years$4,063$2,734$1,791$1,148$724$86
36 years$3,907$2,595$1,675$1,057$656$72
37 years$3,760$2,464$1,568$974$594$61
38 years$3,620$2,342$1,468$898$539$51
39 years$3,488$2,227$1,376$828$489$43
40 years$3,363$2,119$1,290$764$443$36
41 years$3,245$2,017$1,209$705$402$30
42 years$3,132$1,921$1,134$650$365$26
43 years$3,025$1,830$1,064$600$331$22
44 years$2,923$1,744$999$554$301$18
45 years$2,826$1,664$938$512$273$15
46 years$2,733$1,587$881$473$248$13
47 years$2,645$1,514$828$437$225$11
48 years$2,560$1,446$778$404$204$9
49 years$2,479$1,381$731$373$186$8
50 years$2,402$1,319$687$345$169$6

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 $4,296 every year, while hoping to spend $41,805 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: 24/49/27 Blend
29$2,460,000$2,460,000$2,460,000$2,460,000
30$2,715,351$2,584,971$2,546,841$2,757,286
31$2,947,837$2,667,155$2,587,680$2,875,227
32$3,202,635$2,751,964$2,628,486$2,997,676
33$3,481,977$2,839,484$2,669,214$3,127,990
34$3,788,322$2,929,801$2,709,815$3,266,851
35$4,124,375$3,023,006$2,750,239$3,415,008
36$4,493,120$3,119,192$2,790,431$3,573,281
37$4,897,841$3,218,455$2,830,333$3,742,572
38$5,342,156$3,320,894$2,869,884$3,923,872
39$5,830,049$3,426,612$2,909,019$4,118,271
40$6,365,913$3,535,714$2,947,669$4,326,965
41$6,954,582$3,648,310$2,985,762$4,551,268
42$7,601,385$3,764,513$3,023,221$4,792,626
43$8,312,191$3,884,439$3,059,963$5,052,629
44$9,093,466$4,008,208$3,095,904$5,333,025
45$9,952,334$4,135,945$3,130,952$5,635,738
46$10,896,644$4,267,779$3,165,010$5,962,881
47$11,935,043$4,403,841$3,197,979$6,316,782
48$13,077,057$4,544,268$3,229,751$6,700,001
49$14,333,183$4,689,203$3,260,213$7,115,356
50$15,714,984$4,838,791$3,289,247$7,565,947
51$17,235,204$4,993,183$3,316,728$8,055,188
52$18,907,881$5,152,535$3,342,525$8,586,834
53$20,748,483$5,317,008$3,366,498$9,165,022
54$22,774,055$5,486,768$3,388,502$9,794,303
55$25,003,375$5,661,987$3,408,384$10,479,690
56$27,457,137$5,842,842$3,425,983$11,226,703
57$30,158,141$6,029,516$3,441,128$12,041,418
58$33,131,508$6,222,200$3,453,643$12,930,529
59$36,404,922$6,421,088$3,463,341$13,901,404
60$40,008,886$6,626,382$3,470,024$14,962,160
61$43,977,009$6,838,292$3,473,487$16,121,738
62$48,346,328$7,057,032$3,473,513$17,389,982
63$53,157,654$7,282,827$3,469,875$18,777,738
64$58,455,954$7,515,905$3,462,336$20,296,950
65$64,290,782$7,756,505$3,450,645$21,960,778
66$70,716,740$8,004,873$3,434,540$23,783,717
67$77,793,998$8,261,262$3,413,747$25,781,733
68$85,588,857$8,525,934$3,387,979$27,972,417
69$94,174,377$8,799,162$3,356,933$30,375,148
70$103,631,067$9,081,225$3,320,294$33,011,275
71$114,047,643$9,372,412$3,277,731$35,904,317
72$125,521,866$9,673,023$3,228,898$39,080,188
73$138,161,462$9,983,366$3,173,431$42,567,438
74$152,085,142$10,303,763$3,110,952$46,397,522
75$167,423,721$10,634,541$3,041,064$50,605,097
76$184,321,350$10,976,044$2,963,349$55,228,348
77$202,936,881$11,328,623$2,877,374$60,309,347
78$223,445,360$11,692,643$2,782,684$65,894,452
79$246,039,686$12,068,481$2,678,803$72,034,743
80$270,932,424$12,456,526$2,565,232$78,786,499
81$298,357,816$12,857,182$2,441,453$86,211,737
82$328,573,993$13,270,863$2,306,921$94,378,787
83$361,865,406$13,698,001$2,161,069$103,362,946
84$398,545,514$14,139,040$2,003,301$113,247,179
85$438,959,743$14,594,439$1,832,999$124,122,909
86$483,488,745$15,064,675$1,649,512$136,090,875
87$532,551,991$15,550,238$1,452,165$149,262,081
88$586,611,731$16,051,637$1,240,249$163,758,849
89$646,177,357$16,569,396$1,013,027$179,715,966
90$711,810,210$17,104,059$769,726$197,281,961
91$784,128,881$17,656,188$509,542$216,620,502
92$863,815,049$18,226,363$231,633$237,911,945
93$951,619,914$18,815,185$0$261,355,030
94$1,048,371,290$19,423,274$0$287,187,474
95$1,154,981,421$20,051,274$0$315,704,330
96$1,272,455,587$20,699,848$0$347,105,012
97$1,401,901,600$21,369,682$0$381,682,865
98$1,544,540,254$22,061,489$0$419,761,128
99$1,701,716,860$22,776,001$0$461,695,984
100$1,874,913,935$23,513,980$0$507,879,918