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%14.9%
1 years$204,796$202,972$201,192$199,455$197,759$193,766
2 years$101,384$99,496$97,666$95,892$94,171$90,166
3 years$66,918$65,022$63,196$61,439$59,746$55,853
4 years$49,688$47,798$45,991$44,263$42,611$38,861
5 years$39,353$37,474$35,691$33,998$32,392$28,795
6 years$32,465$30,600$28,843$27,189$25,631$22,191
7 years$27,548$25,698$23,969$22,353$20,845$17,563
8 years$23,861$22,028$20,328$18,752$17,293$14,168
9 years$20,995$19,179$17,508$15,972$14,563$11,593
10 years$18,703$16,906$15,264$13,768$12,408$9,590
11 years$16,830$15,050$13,438$11,983$10,672$8,002
12 years$15,270$13,508$11,926$10,510$9,248$6,723
13 years$13,950$12,207$10,655$9,279$8,064$5,679
14 years$12,821$11,096$9,574$8,237$7,069$4,820
15 years$11,842$10,137$8,644$7,346$6,224$4,106
16 years$10,987$9,300$7,837$6,577$5,501$3,509
17 years$10,234$8,565$7,131$5,910$4,878$3,006
18 years$9,564$7,915$6,510$5,326$4,337$2,582
19 years$8,966$7,335$5,959$4,812$3,866$2,221
20 years$8,429$6,816$5,469$4,359$3,453$1,914
21 years$7,943$6,349$5,031$3,956$3,090$1,652
22 years$7,502$5,927$4,637$3,597$2,770$1,427
23 years$7,100$5,543$4,281$3,275$2,486$1,234
24 years$6,732$5,193$3,959$2,987$2,235$1,068
25 years$6,394$4,874$3,667$2,728$2,011$925
26 years$6,082$4,581$3,401$2,495$1,811$802
27 years$5,794$4,311$3,158$2,283$1,633$695
28 years$5,527$4,062$2,936$2,092$1,474$603
29 years$5,279$3,832$2,732$1,918$1,331$524
30 years$5,048$3,619$2,545$1,761$1,202$455
31 years$4,832$3,421$2,373$1,617$1,087$395
32 years$4,631$3,237$2,214$1,486$983$343
33 years$4,441$3,066$2,067$1,367$890$298
34 years$4,264$2,905$1,931$1,257$806$259
35 years$4,096$2,756$1,805$1,157$730$225
36 years$3,939$2,616$1,689$1,066$661$196
37 years$3,790$2,484$1,581$982$599$170
38 years$3,650$2,361$1,480$905$543$148
39 years$3,517$2,245$1,387$835$493$129
40 years$3,391$2,136$1,300$770$447$112
41 years$3,271$2,033$1,219$710$405$97
42 years$3,157$1,936$1,143$656$368$85
43 years$3,049$1,845$1,073$605$334$74
44 years$2,947$1,759$1,007$559$303$64
45 years$2,849$1,677$946$516$275$56
46 years$2,755$1,600$888$477$250$49
47 years$2,666$1,527$834$440$227$42
48 years$2,581$1,457$784$407$206$37
49 years$2,499$1,392$737$376$187$32
50 years$2,421$1,330$693$348$170$28

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 $6,301 every year, while hoping to spend $56,269 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: 52/22/26 Blend
29$2,480,000$2,480,000$2,480,000$2,480,000
30$2,739,459$2,608,019$2,569,579$2,861,699
31$2,959,015$2,675,943$2,595,791$3,015,045
32$3,199,078$2,745,308$2,620,994$3,175,529
33$3,461,683$2,816,127$2,645,096$3,348,973
34$3,749,068$2,888,410$2,667,999$3,536,637
35$4,063,695$2,962,165$2,689,600$3,739,907
36$4,408,280$3,037,398$2,709,789$3,960,310
37$4,785,810$3,114,116$2,728,453$4,199,529
38$5,199,576$3,192,322$2,745,470$4,459,419
39$5,653,203$3,272,016$2,760,714$4,742,024
40$6,150,684$3,353,199$2,774,051$5,049,595
41$6,696,414$3,435,866$2,785,342$5,384,613
42$7,295,237$3,520,012$2,794,440$5,749,813
43$7,952,488$3,605,629$2,801,190$6,148,209
44$8,674,042$3,692,705$2,805,430$6,583,121
45$9,466,371$3,781,225$2,806,990$7,058,210
46$10,336,608$3,871,172$2,805,690$7,577,510
47$11,292,605$3,962,523$2,801,344$8,145,467
48$12,343,017$4,055,252$2,793,755$8,766,980
49$13,497,375$4,149,330$2,782,716$9,447,451
50$14,766,182$4,244,722$2,768,012$10,192,830
51$16,161,007$4,341,388$2,749,416$11,009,679
52$17,694,599$4,439,285$2,726,690$11,905,228
53$19,380,999$4,538,361$2,699,585$12,887,447
54$21,235,681$4,638,561$2,667,841$13,965,119
55$23,275,691$4,739,821$2,631,185$15,147,925
56$25,519,813$4,842,074$2,589,331$16,446,536
57$27,988,741$4,945,242$2,541,980$17,872,712
58$30,705,275$5,049,242$2,488,819$19,439,418
59$33,694,539$5,153,980$2,429,520$21,160,938
60$36,984,213$5,259,356$2,363,740$23,053,022
61$40,604,798$5,365,260$2,291,121$25,133,026
62$44,589,901$5,471,572$2,211,287$27,420,079
63$48,976,552$5,578,160$2,123,847$29,935,265
64$53,805,554$5,684,883$2,028,389$32,701,824
65$59,121,866$5,791,588$1,924,485$35,745,370
66$64,975,028$5,898,107$1,811,687$39,094,131
67$71,419,629$6,004,263$1,689,527$42,779,223
68$78,515,819$6,109,859$1,557,514$46,834,938
69$86,329,879$6,214,689$1,415,137$51,299,072
70$94,934,845$6,318,527$1,261,863$56,213,284
71$104,411,196$6,421,132$1,097,132$61,623,485
72$114,847,614$6,522,244$920,362$67,580,278
73$126,341,821$6,621,584$730,945$74,139,433
74$139,001,499$6,718,854$528,244$81,362,419
75$152,945,308$6,813,734$311,596$89,316,979
76$168,304,004$6,905,881$80,308$98,077,778
77$185,221,672$6,994,929$0$107,727,104
78$203,857,088$7,080,486$0$118,401,844
79$224,385,215$7,162,134$0$130,182,535
80$246,998,854$7,239,425$0$143,157,253
81$271,910,464$7,311,884$0$157,447,633
82$299,354,167$7,379,002$0$173,187,717
83$329,587,956$7,440,237$0$190,525,220
84$362,896,130$7,495,012$0$209,622,921
85$399,591,980$7,542,712$0$230,660,205
86$440,020,741$7,582,683$0$253,834,752
87$484,562,852$7,614,230$0$279,364,407
88$533,637,548$7,636,613$0$307,489,235
89$587,706,816$7,649,045$0$338,473,790
90$647,279,753$7,650,690$0$372,609,610
91$712,917,376$7,640,662$0$410,217,973
92$785,237,912$7,618,017$0$451,652,928
93$864,922,635$7,581,757$0$497,304,640
94$952,722,300$7,530,819$0$547,603,074
95$1,049,464,223$7,464,078$0$603,022,053
96$1,156,060,097$7,380,340$0$664,083,734
97$1,273,514,591$7,278,341$0$731,363,540
98$1,402,934,839$7,156,739$0$805,495,591
99$1,545,540,887$7,014,115$0$887,178,691
100$1,702,677,214$6,848,962$0$977,182,929