Can I retire at age 30 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$209,751$207,882$206,060$204,280$202,543$194,584
2 years$103,837$101,903$100,029$98,212$96,449$88,528
3 years$68,537$66,595$64,725$62,925$61,191$53,557
4 years$50,891$48,954$47,103$45,334$43,642$36,353
5 years$40,305$38,381$36,554$34,821$33,176$26,251
6 years$33,251$31,341$29,541$27,847$26,251$19,695
7 years$28,214$26,320$24,549$22,894$21,349$15,159
8 years$24,438$22,561$20,819$19,205$17,711$11,881
9 years$21,503$19,643$17,932$16,359$14,915$9,436
10 years$19,156$17,315$15,633$14,101$12,709$7,570
11 years$17,237$15,414$13,763$12,272$10,930$6,120
12 years$15,639$13,835$12,215$10,765$9,472$4,978
13 years$14,288$12,503$10,913$9,503$8,259$4,068
14 years$13,131$11,365$9,805$8,436$7,240$3,338
15 years$12,129$10,382$8,853$7,524$6,375$2,747
16 years$11,253$9,525$8,026$6,737$5,634$2,266
17 years$10,481$8,772$7,304$6,053$4,996$1,873
18 years$9,796$8,106$6,667$5,455$4,442$1,551
19 years$9,183$7,513$6,104$4,929$3,959$1,286
20 years$8,633$6,981$5,602$4,464$3,536$1,068
21 years$8,135$6,503$5,152$4,051$3,165$887
22 years$7,683$6,070$4,749$3,684$2,837$738
23 years$7,272$5,677$4,385$3,355$2,546$614
24 years$6,895$5,319$4,055$3,060$2,289$511
25 years$6,549$4,992$3,756$2,794$2,059$426
26 years$6,229$4,691$3,483$2,555$1,855$355
27 years$5,934$4,415$3,235$2,339$1,673$296
28 years$5,661$4,160$3,007$2,143$1,509$246
29 years$5,407$3,925$2,798$1,965$1,363$206
30 years$5,170$3,707$2,606$1,803$1,231$171
31 years$4,949$3,504$2,430$1,656$1,113$143
32 years$4,743$3,315$2,267$1,522$1,007$119
33 years$4,549$3,140$2,117$1,400$911$99
34 years$4,367$2,976$1,978$1,288$825$83
35 years$4,195$2,822$1,849$1,185$747$69
36 years$4,034$2,679$1,730$1,092$677$58
37 years$3,882$2,544$1,619$1,006$614$48
38 years$3,738$2,418$1,516$927$556$40
39 years$3,602$2,299$1,421$855$505$34
40 years$3,473$2,188$1,331$789$458$28
41 years$3,350$2,082$1,248$728$415$23
42 years$3,234$1,983$1,171$671$377$20
43 years$3,123$1,890$1,099$620$342$16
44 years$3,018$1,801$1,032$572$310$14
45 years$2,918$1,718$969$529$282$11
46 years$2,822$1,639$910$488$256$9
47 years$2,731$1,564$855$451$232$8
48 years$2,643$1,493$803$417$211$7
49 years$2,560$1,425$755$385$192$6
50 years$2,480$1,362$710$356$174$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,540,000, adding $3,159 every year, while hoping to spend $34,691 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: 41/35/24 Blend
29$2,540,000$2,540,000$2,540,000$2,540,000
30$2,802,339$2,667,719$2,628,349$2,897,323
31$3,051,266$2,761,526$2,679,487$3,059,611
32$3,324,422$2,858,767$2,731,176$3,231,629
33$3,624,240$2,959,573$2,783,398$3,417,137
34$3,953,402$3,064,083$2,836,132$3,617,393
35$4,314,863$3,172,436$2,889,356$3,833,777
36$4,711,876$3,284,783$2,943,047$4,067,810
37$5,148,028$3,401,278$2,997,179$4,321,160
38$5,627,266$3,522,080$3,051,724$4,595,666
39$6,153,942$3,647,356$3,106,651$4,893,345
40$6,732,849$3,777,281$3,161,929$5,216,419
41$7,369,267$3,912,036$3,217,521$5,567,333
42$8,069,014$4,051,808$3,273,390$5,948,774
43$8,838,500$4,196,793$3,329,495$6,363,700
44$9,684,787$4,347,196$3,385,793$6,815,367
45$10,615,655$4,503,228$3,442,237$7,307,356
46$11,639,677$4,665,111$3,498,777$7,843,609
47$12,766,297$4,833,075$3,555,359$8,428,466
48$14,005,923$5,007,359$3,611,927$9,066,701
49$15,370,021$5,188,214$3,668,421$9,763,573
50$16,871,225$5,375,898$3,724,775$10,524,870
51$18,523,456$5,570,683$3,780,921$11,356,963
52$20,342,052$5,772,850$3,836,785$12,266,868
53$22,343,916$5,982,694$3,892,292$13,262,311
54$24,547,668$6,200,519$3,947,357$14,351,798
55$26,973,831$6,426,645$4,001,894$15,544,696
56$29,645,015$6,661,404$4,055,811$16,851,319
57$32,586,136$6,905,142$4,109,009$18,283,029
58$35,824,646$7,158,218$4,161,385$19,852,336
59$39,390,798$7,421,009$4,212,830$21,573,018
60$43,317,927$7,693,906$4,263,227$23,460,254
61$47,642,765$7,977,317$4,312,455$25,530,759
62$52,405,788$8,271,667$4,360,383$27,802,944
63$57,651,599$8,577,399$4,406,876$30,297,092
64$63,429,345$8,894,975$4,451,790$33,035,542
65$69,793,187$9,224,876$4,494,973$36,042,904
66$76,802,802$9,567,606$4,536,265$39,346,287
67$84,523,956$9,923,686$4,575,498$42,975,556
68$93,029,116$10,293,664$4,612,494$46,963,609
69$102,398,140$10,678,107$4,647,067$51,346,691
70$112,719,026$11,077,610$4,679,019$56,164,730
71$124,088,745$11,492,791$4,708,144$61,461,715
72$136,614,155$11,924,296$4,734,225$67,286,112
73$150,413,010$12,372,798$4,757,033$73,691,313
74$165,615,072$12,839,000$4,776,328$80,736,147
75$182,363,331$13,323,633$4,791,857$88,485,426
76$200,815,362$13,827,462$4,803,355$97,010,560
77$221,144,805$14,351,284$4,810,544$106,390,228
78$243,543,010$14,895,931$4,813,132$116,711,118
79$268,220,836$15,462,271$4,810,811$128,068,745
80$295,410,649$16,051,210$4,803,261$140,568,347
81$325,368,508$16,663,692$4,790,143$154,325,882
82$358,376,587$17,300,704$4,771,104$169,469,116
83$394,745,835$17,963,275$4,745,772$186,138,829
84$434,818,914$18,652,479$4,713,760$204,490,139
85$478,973,431$19,369,438$4,674,658$224,693,969
86$527,625,502$20,115,322$4,628,041$246,938,652
87$581,233,684$20,891,353$4,573,460$271,431,711
88$640,303,297$21,698,807$4,510,448$298,401,813
89$705,391,199$22,539,015$4,438,515$328,100,925
90$777,111,042$23,413,367$4,357,145$360,806,691
91$856,139,062$24,323,316$4,265,803$396,825,048
92$943,220,465$25,270,377$4,163,926$436,493,112
93$1,039,176,460$26,256,133$4,050,926$480,182,359
94$1,144,912,014$27,282,238$3,926,186$528,302,123
95$1,261,424,389$28,350,418$3,789,064$581,303,465
96$1,389,812,565$29,462,477$3,638,886$639,683,420
97$1,531,287,606$30,620,297$3,474,947$703,989,688
98$1,687,184,096$31,825,847$3,296,513$774,825,803
99$1,858,972,742$33,081,180$3,102,814$852,856,821
100$2,048,274,248$34,388,445$2,893,045$938,815,601