Can I retire at age 30 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$204,796$202,972$201,192$199,455$197,759$192,121
2 years$101,384$99,496$97,666$95,892$94,171$88,535
3 years$66,918$65,022$63,196$61,439$59,746$54,288
4 years$49,688$47,798$45,991$44,263$42,611$37,374
5 years$39,353$37,474$35,691$33,998$32,392$27,390
6 years$32,465$30,600$28,843$27,189$25,631$20,867
7 years$27,548$25,698$23,969$22,353$20,845$16,320
8 years$23,861$22,028$20,328$18,752$17,293$13,005
9 years$20,995$19,179$17,508$15,972$14,563$10,507
10 years$18,703$16,906$15,264$13,768$12,408$8,579
11 years$16,830$15,050$13,438$11,983$10,672$7,063
12 years$15,270$13,508$11,926$10,510$9,248$5,853
13 years$13,950$12,207$10,655$9,279$8,064$4,876
14 years$12,821$11,096$9,574$8,237$7,069$4,079
15 years$11,842$10,137$8,644$7,346$6,224$3,424
16 years$10,987$9,300$7,837$6,577$5,501$2,883
17 years$10,234$8,565$7,131$5,910$4,878$2,433
18 years$9,564$7,915$6,510$5,326$4,337$2,057
19 years$8,966$7,335$5,959$4,812$3,866$1,742
20 years$8,429$6,816$5,469$4,359$3,453$1,477
21 years$7,943$6,349$5,031$3,956$3,090$1,255
22 years$7,502$5,927$4,637$3,597$2,770$1,066
23 years$7,100$5,543$4,281$3,275$2,486$907
24 years$6,732$5,193$3,959$2,987$2,235$772
25 years$6,394$4,874$3,667$2,728$2,011$658
26 years$6,082$4,581$3,401$2,495$1,811$561
27 years$5,794$4,311$3,158$2,283$1,633$478
28 years$5,527$4,062$2,936$2,092$1,474$408
29 years$5,279$3,832$2,732$1,918$1,331$348
30 years$5,048$3,619$2,545$1,761$1,202$297
31 years$4,832$3,421$2,373$1,617$1,087$253
32 years$4,631$3,237$2,214$1,486$983$216
33 years$4,441$3,066$2,067$1,367$890$185
34 years$4,264$2,905$1,931$1,257$806$158
35 years$4,096$2,756$1,805$1,157$730$135
36 years$3,939$2,616$1,689$1,066$661$115
37 years$3,790$2,484$1,581$982$599$98
38 years$3,650$2,361$1,480$905$543$84
39 years$3,517$2,245$1,387$835$493$72
40 years$3,391$2,136$1,300$770$447$61
41 years$3,271$2,033$1,219$710$405$52
42 years$3,157$1,936$1,143$656$368$45
43 years$3,049$1,845$1,073$605$334$38
44 years$2,947$1,759$1,007$559$303$33
45 years$2,849$1,677$946$516$275$28
46 years$2,755$1,600$888$477$250$24
47 years$2,666$1,527$834$440$227$20
48 years$2,581$1,457$784$407$206$17
49 years$2,499$1,392$737$376$187$15
50 years$2,421$1,330$693$348$170$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,480,000, adding $2,702 every year, while hoping to spend $51,960 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: 30/43/27 Blend
29$2,480,000$2,480,000$2,480,000$2,480,000
30$2,735,747$2,604,307$2,565,867$2,794,986
31$2,959,508$2,676,633$2,596,539$2,913,670
32$3,204,352$2,750,762$2,626,496$3,036,518
33$3,472,373$2,826,726$2,655,661$3,167,638
34$3,765,879$2,904,560$2,683,950$3,307,786
35$4,087,411$2,984,296$2,711,275$3,457,792
36$4,439,769$3,065,968$2,737,544$3,618,572
37$4,826,033$3,149,609$2,762,660$3,791,130
38$5,249,599$3,235,250$2,786,519$3,976,576
39$5,714,204$3,322,923$2,809,014$4,176,130
40$6,223,968$3,412,661$2,830,031$4,391,136
41$6,783,425$3,504,494$2,849,449$4,623,074
42$7,397,572$3,598,452$2,867,143$4,873,574
43$8,071,912$3,694,564$2,882,981$5,144,433
44$8,812,509$3,792,859$2,896,822$5,437,628
45$9,626,040$3,893,365$2,908,521$5,755,339
46$10,519,863$3,996,106$2,917,923$6,099,967
47$11,502,083$4,101,109$2,924,867$6,474,159
48$12,581,629$4,208,397$2,929,184$6,880,829
49$13,768,338$4,317,992$2,930,694$7,323,191
50$15,073,048$4,429,913$2,929,212$7,804,783
51$16,507,699$4,544,179$2,924,541$8,329,508
52$18,085,446$4,660,805$2,916,475$8,901,664
53$19,820,783$4,779,807$2,904,799$9,525,989
54$21,729,680$4,901,194$2,889,286$10,207,704
55$23,829,730$5,024,975$2,869,700$10,952,565
56$26,140,319$5,151,155$2,845,791$11,766,913
57$28,682,806$5,279,737$2,817,300$12,657,738
58$31,480,727$5,410,718$2,783,955$13,632,745
59$34,560,013$5,544,095$2,745,468$14,700,424
60$37,949,235$5,679,857$2,701,543$15,870,133
61$41,679,878$5,817,990$2,651,865$17,152,189
62$45,786,630$5,958,477$2,596,107$18,557,960
63$50,307,717$6,101,292$2,533,927$20,099,976
64$55,285,255$6,246,407$2,464,966$21,792,050
65$60,765,657$6,393,787$2,388,847$23,649,403
66$66,800,061$6,543,389$2,305,181$25,688,815
67$73,444,818$6,695,166$2,213,555$27,928,778
68$80,762,021$6,849,061$2,113,540$30,389,677
69$88,820,092$7,005,010$2,004,689$33,093,979
70$97,694,428$7,162,942$1,886,533$36,066,445
71$107,468,108$7,322,775$1,758,580$39,334,369
72$118,232,683$7,484,418$1,620,320$42,927,835
73$130,089,033$7,647,771$1,471,218$46,879,999
74$143,148,325$7,812,722$1,310,714$51,227,406
75$157,533,056$7,979,147$1,138,224$56,010,337
76$173,378,212$8,146,911$953,140$61,273,185
77$190,832,544$8,315,863$754,824$67,064,885
78$210,059,965$8,485,842$542,612$73,439,366
79$231,241,101$8,656,668$315,809$80,456,070
80$254,574,996$8,828,148$73,692$88,180,512
81$280,280,989$9,000,070$0$96,684,899
82$308,600,782$9,172,206$0$106,102,024
83$339,800,725$9,344,307$0$116,492,505
84$374,174,326$9,516,105$0$127,932,003
85$412,045,023$9,687,310$0$140,527,314
86$453,769,236$9,857,608$0$154,396,126
87$499,739,730$10,026,664$0$169,668,134
88$550,389,325$10,194,113$0$186,486,262
89$606,194,978$10,359,566$0$205,008,014
90$667,682,284$10,522,603$0$225,406,961
91$735,430,440$10,682,774$0$247,874,380
92$810,077,713$10,839,598$0$272,621,062
93$892,327,458$10,992,557$0$299,879,302
94$982,954,765$11,141,098$0$329,905,091
95$1,082,813,769$11,284,630$0$362,980,538
96$1,192,845,717$11,422,520$0$399,416,530
97$1,314,087,849$11,554,092$0$439,555,673
98$1,447,683,192$11,678,625$0$483,775,522
99$1,594,891,349$11,795,349$0$532,492,153
100$1,757,100,389$11,903,444$0$586,164,087