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

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$209,751$207,882$206,060$204,280$202,543$201,098
2 years$103,837$101,903$100,029$98,212$96,449$94,992
3 years$68,537$66,595$64,725$62,925$61,191$59,767
4 years$50,891$48,954$47,103$45,334$43,642$42,262
5 years$40,305$38,381$36,554$34,821$33,176$31,844
6 years$33,251$31,341$29,541$27,847$26,251$24,969
7 years$28,214$26,320$24,549$22,894$21,349$20,117
8 years$24,438$22,561$20,819$19,205$17,711$16,530
9 years$21,503$19,643$17,932$16,359$14,915$13,784
10 years$19,156$17,315$15,633$14,101$12,709$11,627
11 years$17,237$15,414$13,763$12,272$10,930$9,897
12 years$15,639$13,835$12,215$10,765$9,472$8,486
13 years$14,288$12,503$10,913$9,503$8,259$7,321
14 years$13,131$11,365$9,805$8,436$7,240$6,347
15 years$12,129$10,382$8,853$7,524$6,375$5,526
16 years$11,253$9,525$8,026$6,737$5,634$4,828
17 years$10,481$8,772$7,304$6,053$4,996$4,232
18 years$9,796$8,106$6,667$5,455$4,442$3,718
19 years$9,183$7,513$6,104$4,929$3,959$3,275
20 years$8,633$6,981$5,602$4,464$3,536$2,890
21 years$8,135$6,503$5,152$4,051$3,165$2,554
22 years$7,683$6,070$4,749$3,684$2,837$2,261
23 years$7,272$5,677$4,385$3,355$2,546$2,004
24 years$6,895$5,319$4,055$3,060$2,289$1,778
25 years$6,549$4,992$3,756$2,794$2,059$1,579
26 years$6,229$4,691$3,483$2,555$1,855$1,404
27 years$5,934$4,415$3,235$2,339$1,673$1,249
28 years$5,661$4,160$3,007$2,143$1,509$1,112
29 years$5,407$3,925$2,798$1,965$1,363$991
30 years$5,170$3,707$2,606$1,803$1,231$883
31 years$4,949$3,504$2,430$1,656$1,113$787
32 years$4,743$3,315$2,267$1,522$1,007$703
33 years$4,549$3,140$2,117$1,400$911$627
34 years$4,367$2,976$1,978$1,288$825$560
35 years$4,195$2,822$1,849$1,185$747$500
36 years$4,034$2,679$1,730$1,092$677$447
37 years$3,882$2,544$1,619$1,006$614$399
38 years$3,738$2,418$1,516$927$556$357
39 years$3,602$2,299$1,421$855$505$319
40 years$3,473$2,188$1,331$789$458$285
41 years$3,350$2,082$1,248$728$415$255
42 years$3,234$1,983$1,171$671$377$228
43 years$3,123$1,890$1,099$620$342$204
44 years$3,018$1,801$1,032$572$310$182
45 years$2,918$1,718$969$529$282$163
46 years$2,822$1,639$910$488$256$146
47 years$2,731$1,564$855$451$232$130
48 years$2,643$1,493$803$417$211$117
49 years$2,560$1,425$755$385$192$104
50 years$2,480$1,362$710$356$174$93

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 $3,871 every year, while hoping to spend $49,937 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: 38/36/26 Blend
29$2,540,000$2,540,000$2,540,000$2,540,000
30$2,803,073$2,668,453$2,629,083$2,887,730
31$3,035,854$2,746,075$2,664,025$3,027,631
32$3,290,705$2,825,826$2,698,463$3,173,833
33$3,569,824$2,907,759$2,732,329$3,330,870
34$3,875,632$2,991,926$2,765,549$3,499,758
35$4,210,797$3,078,380$2,798,044$3,681,611
36$4,578,253$3,167,175$2,829,734$3,877,659
37$4,981,235$3,258,367$2,860,530$4,089,252
38$5,423,306$3,352,012$2,890,343$4,317,879
39$5,908,388$3,448,165$2,919,074$4,565,180
40$6,440,804$3,546,886$2,946,623$4,832,957
41$7,025,313$3,648,231$2,972,883$5,123,199
42$7,667,160$3,752,259$2,997,739$5,438,092
43$8,372,122$3,859,031$3,021,075$5,780,046
44$9,146,561$3,968,606$3,042,764$6,151,717
45$9,997,488$4,081,046$3,062,674$6,556,026
46$10,932,627$4,196,412$3,080,668$6,996,195
47$11,960,484$4,314,765$3,096,600$7,475,770
48$13,090,433$4,436,169$3,110,316$7,998,659
49$14,332,802$4,560,686$3,121,656$8,569,168
50$15,698,968$4,688,379$3,130,452$9,192,039
51$17,201,465$4,819,312$3,136,524$9,872,499
52$18,854,105$4,953,549$3,139,688$10,616,304
53$20,672,104$5,091,153$3,139,748$11,429,799
54$22,672,227$5,232,189$3,136,499$12,319,974
55$24,872,948$5,376,719$3,129,725$13,294,531
56$27,294,619$5,524,809$3,119,201$14,361,956
57$29,959,666$5,676,521$3,104,691$15,531,601
58$32,892,800$5,831,918$3,085,945$16,813,771
59$36,121,246$5,991,063$3,062,705$18,219,822
60$39,675,006$6,154,017$3,034,698$19,762,266
61$43,587,135$6,320,842$3,001,639$21,454,893
62$47,894,057$6,491,598$2,963,228$23,312,899
63$52,635,908$6,666,343$2,919,153$25,353,029
64$57,856,912$6,845,136$2,869,087$27,593,737
65$63,605,801$7,028,031$2,812,685$30,055,358
66$69,936,273$7,215,085$2,749,590$32,760,304
67$76,907,497$7,406,348$2,679,426$35,733,271
68$84,584,674$7,601,872$2,601,799$39,001,477
69$93,039,651$7,801,704$2,516,300$42,594,917
70$102,351,597$8,005,889$2,422,497$46,546,644
71$112,607,751$8,214,468$2,319,942$50,893,086
72$123,904,246$8,427,482$2,208,164$55,674,390
73$136,347,014$8,644,963$2,086,673$60,934,796
74$150,052,787$8,866,945$1,954,954$66,723,061
75$165,150,198$9,093,452$1,812,472$73,092,919
76$181,780,994$9,324,507$1,658,666$80,103,584
77$200,101,374$9,560,126$1,492,949$87,820,315
78$220,283,462$9,800,320$1,314,711$96,315,033
79$242,516,933$10,045,093$1,123,312$105,666,995
80$267,010,802$10,294,444$918,084$115,963,548
81$293,995,395$10,548,364$698,331$127,300,955
82$323,724,526$10,806,834$463,326$139,785,300
83$356,477,888$11,069,830$212,308$153,533,495
84$392,563,698$11,337,316$0$168,674,382
85$432,321,599$11,609,249$0$185,365,370
86$476,125,874$11,885,573$0$203,811,380
87$524,388,969$12,166,223$0$224,126,142
88$577,565,396$12,451,120$0$246,499,956
89$636,156,013$12,740,172$0$271,142,524
90$700,712,761$13,033,274$0$298,284,936
91$771,843,865$13,330,307$0$328,181,845
92$850,219,581$13,631,134$0$361,113,873
93$936,578,521$13,935,602$0$397,390,263
94$1,031,734,624$14,243,541$0$437,351,791
95$1,136,584,840$14,554,759$0$481,373,991
96$1,252,117,597$14,869,045$0$529,870,695
97$1,379,422,129$15,186,165$0$583,297,940
98$1,519,698,763$15,505,864$0$642,158,276
99$1,674,270,243$15,827,858$0$707,005,505
100$1,844,594,225$16,151,840$0$778,449,916