Can I retire at age 30 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$208,099$206,246$204,437$202,672$200,948$196,811
2 years$103,019$101,101$99,241$97,438$95,690$91,540
3 years$67,997$66,070$64,216$62,430$60,709$56,677
4 years$50,490$48,569$46,733$44,977$43,299$39,414
5 years$39,988$38,079$36,266$34,547$32,915$29,190
6 years$32,989$31,094$29,309$27,627$26,044$22,483
7 years$27,992$26,113$24,356$22,714$21,181$17,784
8 years$24,246$22,383$20,655$19,054$17,572$14,338
9 years$21,333$19,489$17,791$16,230$14,798$11,725
10 years$19,005$17,178$15,510$13,990$12,609$9,693
11 years$17,101$15,293$13,655$12,176$10,844$8,083
12 years$15,516$13,726$12,118$10,680$9,397$6,786
13 years$14,175$12,404$10,827$9,429$8,194$5,729
14 years$13,027$11,275$9,728$8,370$7,183$4,859
15 years$12,033$10,300$8,783$7,464$6,325$4,136
16 years$11,165$9,450$7,963$6,683$5,590$3,532
17 years$10,399$8,703$7,246$6,005$4,956$3,024
18 years$9,719$8,042$6,615$5,412$4,407$2,595
19 years$9,111$7,453$6,056$4,890$3,928$2,231
20 years$8,565$6,926$5,558$4,429$3,508$1,921
21 years$8,071$6,451$5,112$4,019$3,140$1,657
22 years$7,623$6,022$4,711$3,655$2,814$1,430
23 years$7,214$5,632$4,350$3,328$2,526$1,236
24 years$6,840$5,277$4,023$3,036$2,271$1,069
25 years$6,497$4,952$3,726$2,772$2,043$925
26 years$6,180$4,654$3,456$2,535$1,840$801
27 years$5,888$4,380$3,209$2,320$1,659$694
28 years$5,617$4,128$2,983$2,126$1,497$602
29 years$5,364$3,894$2,776$1,949$1,352$522
30 years$5,130$3,677$2,586$1,789$1,222$453
31 years$4,910$3,476$2,411$1,643$1,104$393
32 years$4,705$3,289$2,249$1,510$999$341
33 years$4,513$3,115$2,100$1,389$904$296
34 years$4,332$2,952$1,962$1,278$819$257
35 years$4,162$2,800$1,835$1,176$741$223
36 years$4,002$2,658$1,716$1,083$672$194
37 years$3,851$2,524$1,606$998$609$169
38 years$3,708$2,399$1,504$920$552$146
39 years$3,573$2,281$1,409$848$501$127
40 years$3,445$2,170$1,321$782$454$111
41 years$3,324$2,066$1,239$722$412$96
42 years$3,208$1,968$1,162$666$374$84
43 years$3,099$1,875$1,090$615$339$73
44 years$2,994$1,787$1,023$568$308$63
45 years$2,895$1,704$961$524$280$55
46 years$2,800$1,626$903$484$254$48
47 years$2,709$1,551$848$447$230$41
48 years$2,622$1,481$797$414$209$36
49 years$2,540$1,414$749$382$190$31
50 years$2,460$1,351$704$353$173$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,520,000, adding $3,135 every year, while hoping to spend $34,074 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: 36/47/17 Blend
29$2,520,000$2,520,000$2,520,000$2,520,000
30$2,780,274$2,646,714$2,607,654$2,865,840
31$3,027,607$2,740,148$2,658,756$3,021,590
32$3,299,027$2,837,019$2,710,428$3,186,181
33$3,596,953$2,937,458$2,762,652$3,363,147
34$3,924,053$3,041,604$2,815,412$3,553,610
35$4,283,263$3,149,600$2,868,685$3,758,803
36$4,677,820$3,261,595$2,922,450$3,980,079
37$5,111,288$3,377,743$2,976,683$4,218,925
38$5,587,595$3,498,208$3,031,357$4,476,974
39$6,111,065$3,623,156$3,086,443$4,756,020
40$6,686,467$3,752,763$3,141,912$5,058,035
41$7,319,049$3,887,212$3,197,729$5,385,185
42$8,014,598$4,026,690$3,253,858$5,739,854
43$8,779,486$4,171,397$3,310,261$6,124,660
44$9,620,735$4,321,538$3,366,897$6,542,484
45$10,546,084$4,477,327$3,423,722$6,996,492
46$11,564,054$4,638,986$3,480,687$7,490,168
47$12,684,040$4,806,748$3,537,741$8,027,344
48$13,916,388$4,980,855$3,594,831$8,612,234
49$15,272,500$5,161,558$3,651,899$9,249,476
50$16,764,941$5,349,119$3,708,883$9,944,173
51$18,407,551$5,543,813$3,765,718$10,701,939
52$20,215,584$5,745,922$3,822,332$11,528,954
53$22,205,847$5,955,745$3,878,653$12,432,019
54$24,396,856$6,173,590$3,934,601$13,418,618
55$26,809,018$6,399,779$3,990,093$14,496,991
56$29,464,817$6,634,647$4,045,040$15,676,207
57$32,389,027$6,878,543$4,099,347$16,966,252
58$35,608,949$7,131,833$4,152,917$18,378,118
59$39,154,664$7,394,895$4,205,642$19,923,908
60$43,059,321$7,668,126$4,257,412$21,616,949
61$47,359,446$7,951,939$4,308,110$23,471,913
62$52,095,288$8,246,762$4,357,610$25,504,959
63$57,311,199$8,553,045$4,405,781$27,733,881
64$63,056,051$8,871,254$4,452,485$30,178,273
65$69,383,701$9,201,878$4,497,576$32,859,716
66$76,353,493$9,545,424$4,540,899$35,801,977
67$84,030,822$9,902,423$4,582,292$39,031,232
68$92,487,751$10,273,427$4,621,583$42,576,312
69$101,803,689$10,659,012$4,658,594$46,468,974
70$112,066,141$11,059,780$4,693,133$50,744,196
71$123,371,535$11,476,357$4,725,001$55,440,506
72$135,826,131$11,909,398$4,753,988$60,600,347
73$149,547,023$12,359,585$4,779,873$66,270,470
74$164,663,245$12,827,630$4,802,424$72,502,375
75$181,316,988$13,314,276$4,821,397$79,352,795
76$199,664,942$13,820,297$4,836,535$86,884,232
77$219,879,777$14,346,502$4,847,570$95,165,536
78$242,151,769$14,893,735$4,854,218$104,272,562
79$266,690,598$15,462,877$4,856,183$114,288,877
80$293,727,327$16,054,846$4,853,153$125,306,545
81$323,516,582$16,670,601$4,844,802$137,426,999
82$356,338,957$17,311,144$4,830,786$150,761,988
83$392,503,660$17,977,520$4,810,747$165,434,636
84$432,351,435$18,670,819$4,784,308$181,580,592
85$476,257,772$19,392,181$4,751,074$199,349,315
86$524,636,461$20,142,794$4,710,631$218,905,476
87$577,943,489$20,923,899$4,662,545$240,430,511
88$636,681,347$21,736,793$4,606,364$264,124,329
89$701,403,778$22,582,829$4,541,610$290,207,194
90$772,720,995$23,463,420$4,467,786$318,921,799
91$851,305,451$24,380,042$4,384,371$350,535,557
92$937,898,179$25,334,236$4,290,820$385,343,114
93$1,033,315,792$26,327,612$4,186,561$423,669,132
94$1,138,458,190$27,361,852$4,070,997$465,871,342
95$1,254,317,054$28,438,711$3,943,504$512,343,922
96$1,381,985,210$29,560,024$3,803,428$563,521,208
97$1,522,666,944$30,727,708$3,650,086$619,881,788
98$1,677,689,371$31,943,765$3,482,763$681,953,019
99$1,848,514,964$33,210,286$3,300,712$750,315,992
100$2,036,755,357$34,529,457$3,103,152$825,611,017