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

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$204,796$202,972$201,192$199,455$197,759$196,677
2 years$101,384$99,496$97,666$95,892$94,171$93,080
3 years$66,918$65,022$63,196$61,439$59,746$58,679
4 years$49,688$47,798$45,991$44,263$42,611$41,576
5 years$39,353$37,474$35,691$33,998$32,392$31,393
6 years$32,465$30,600$28,843$27,189$25,631$24,668
7 years$27,548$25,698$23,969$22,353$20,845$19,919
8 years$23,861$22,028$20,328$18,752$17,293$16,404
9 years$20,995$19,179$17,508$15,972$14,563$13,711
10 years$18,703$16,906$15,264$13,768$12,408$11,593
11 years$16,830$15,050$13,438$11,983$10,672$9,892
12 years$15,270$13,508$11,926$10,510$9,248$8,503
13 years$13,950$12,207$10,655$9,279$8,064$7,354
14 years$12,821$11,096$9,574$8,237$7,069$6,393
15 years$11,842$10,137$8,644$7,346$6,224$5,581
16 years$10,987$9,300$7,837$6,577$5,501$4,890
17 years$10,234$8,565$7,131$5,910$4,878$4,297
18 years$9,564$7,915$6,510$5,326$4,337$3,787
19 years$8,966$7,335$5,959$4,812$3,866$3,344
20 years$8,429$6,816$5,469$4,359$3,453$2,960
21 years$7,943$6,349$5,031$3,956$3,090$2,624
22 years$7,502$5,927$4,637$3,597$2,770$2,329
23 years$7,100$5,543$4,281$3,275$2,486$2,071
24 years$6,732$5,193$3,959$2,987$2,235$1,843
25 years$6,394$4,874$3,667$2,728$2,011$1,642
26 years$6,082$4,581$3,401$2,495$1,811$1,464
27 years$5,794$4,311$3,158$2,283$1,633$1,307
28 years$5,527$4,062$2,936$2,092$1,474$1,167
29 years$5,279$3,832$2,732$1,918$1,331$1,043
30 years$5,048$3,619$2,545$1,761$1,202$933
31 years$4,832$3,421$2,373$1,617$1,087$835
32 years$4,631$3,237$2,214$1,486$983$747
33 years$4,441$3,066$2,067$1,367$890$669
34 years$4,264$2,905$1,931$1,257$806$599
35 years$4,096$2,756$1,805$1,157$730$537
36 years$3,939$2,616$1,689$1,066$661$481
37 years$3,790$2,484$1,581$982$599$431
38 years$3,650$2,361$1,480$905$543$387
39 years$3,517$2,245$1,387$835$493$347
40 years$3,391$2,136$1,300$770$447$311
41 years$3,271$2,033$1,219$710$405$279
42 years$3,157$1,936$1,143$656$368$251
43 years$3,049$1,845$1,073$605$334$225
44 years$2,947$1,759$1,007$559$303$202
45 years$2,849$1,677$946$516$275$181
46 years$2,755$1,600$888$477$250$163
47 years$2,666$1,527$834$440$227$146
48 years$2,581$1,457$784$407$206$131
49 years$2,499$1,392$737$376$187$118
50 years$2,421$1,330$693$348$170$106

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 $2,591 every year, while hoping to spend $48,825 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: 62/28/10 Blend
29$2,480,000$2,480,000$2,480,000$2,480,000
30$2,735,633$2,604,193$2,565,753$2,898,953
31$2,962,718$2,679,849$2,599,756$3,084,229
32$3,211,329$2,757,575$2,633,262$3,280,515
33$3,483,611$2,837,423$2,666,202$3,493,541
34$3,781,924$2,919,442$2,698,505$3,724,930
35$4,108,870$3,003,683$2,730,094$3,976,464
36$4,467,311$3,090,200$2,760,889$4,250,109
37$4,860,402$3,179,046$2,790,805$4,548,026
38$5,291,618$3,270,274$2,819,751$4,872,595
39$5,764,784$3,363,939$2,847,634$5,226,437
40$6,284,117$3,460,096$2,874,354$5,612,439
41$6,854,257$3,558,801$2,899,806$6,033,778
42$7,480,321$3,660,112$2,923,879$6,493,954
43$8,167,942$3,764,085$2,946,456$6,996,821
44$8,923,325$3,870,779$2,967,416$7,546,624
45$9,753,309$3,980,252$2,986,629$8,148,039
46$10,665,425$4,092,562$3,003,960$8,806,215
47$11,667,971$4,207,771$3,019,265$9,526,824
48$12,770,089$4,325,936$3,032,395$10,316,116
49$13,981,850$4,447,119$3,043,193$11,180,972
50$15,314,351$4,571,381$3,051,492$12,128,976
51$16,779,818$4,698,781$3,057,120$13,168,480
52$18,391,719$4,829,381$3,059,893$14,308,686
53$20,164,895$4,963,242$3,059,621$15,559,732
54$22,115,698$5,100,424$3,056,102$16,932,789
55$24,262,144$5,240,989$3,049,125$18,440,160
56$26,624,082$5,384,997$3,038,470$20,095,404
57$29,223,384$5,532,508$3,023,905$21,913,458
58$32,084,150$5,683,582$3,005,187$23,910,781
59$35,232,934$5,838,278$2,982,061$26,105,507
60$38,698,994$5,996,654$2,954,261$28,517,616
61$42,514,569$6,158,768$2,921,507$31,169,124
62$46,715,184$6,324,677$2,883,506$34,084,289
63$51,339,982$6,494,435$2,839,952$37,289,840
64$56,432,095$6,668,097$2,790,525$40,815,229
65$62,039,049$6,845,714$2,734,888$44,692,909
66$68,213,215$7,027,337$2,672,690$48,958,642
67$75,012,301$7,213,015$2,603,563$53,651,831
68$82,499,896$7,402,792$2,527,123$58,815,899
69$90,746,070$7,596,714$2,442,966$64,498,690
70$99,828,036$7,794,820$2,350,673$70,752,929
71$109,830,878$7,997,148$2,249,802$77,636,713
72$120,848,351$8,203,733$2,139,894$85,214,065
73$132,983,771$8,414,603$2,020,469$93,555,532
74$146,350,983$8,629,787$1,891,022$102,738,855
75$161,075,441$8,849,304$1,751,029$112,849,701
76$177,295,389$9,073,173$1,599,942$123,982,473
77$195,163,165$9,301,404$1,437,185$136,241,198
78$214,846,638$9,534,003$1,262,162$149,740,512
79$236,530,796$9,770,970$1,074,245$164,606,741
80$260,419,487$10,012,297$872,782$180,979,094
81$286,737,344$10,257,970$657,090$199,010,974
82$315,731,908$10,507,965$426,457$218,871,432
83$347,675,958$10,762,251$180,139$240,746,757
84$382,870,093$11,020,789$0$264,842,236
85$421,645,562$11,283,527$0$291,392,923
86$464,367,395$11,550,405$0$320,660,374
87$511,437,845$11,821,351$0$352,900,163
88$563,300,187$12,096,279$0$388,415,128
89$620,442,903$12,375,093$0$427,538,989
90$683,404,288$12,657,681$0$470,639,500
91$752,777,534$12,943,917$0$518,121,915
92$829,216,331$13,233,657$0$570,432,818
93$913,441,033$13,526,743$0$628,064,339
94$1,006,245,461$13,822,995$0$691,558,793
95$1,108,504,393$14,122,218$0$761,513,808
96$1,221,181,827$14,424,192$0$838,587,959
97$1,345,340,073$14,728,677$0$923,506,990
98$1,482,149,788$15,035,410$0$1,017,070,661
99$1,632,901,023$15,344,101$0$1,120,160,302
100$1,799,015,399$15,654,435$0$1,233,747,129