Can I retire at age 30 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$216,357$214,430$212,550$210,714$208,922$207,086
2 years$107,108$105,113$103,179$101,305$99,487$97,636
3 years$70,696$68,692$66,764$64,907$63,119$61,311
4 years$52,493$50,496$48,587$46,762$45,017$43,266
5 years$41,575$39,590$37,706$35,918$34,221$32,533
6 years$34,298$32,328$30,472$28,724$27,078$25,454
7 years$29,103$27,149$25,322$23,615$22,022$20,463
8 years$25,208$23,272$21,475$19,810$18,269$16,775
9 years$22,180$20,262$18,497$16,874$15,385$13,956
10 years$19,759$17,860$16,126$14,546$13,109$11,744
11 years$17,780$15,900$14,197$12,659$11,274$9,972
12 years$16,132$14,271$12,599$11,104$9,770$8,529
13 years$14,738$12,897$11,257$9,803$8,520$7,339
14 years$13,544$11,723$10,114$8,702$7,468$6,346
15 years$12,511$10,709$9,132$7,761$6,576$5,510
16 years$11,608$9,825$8,279$6,949$5,812$4,802
17 years$10,811$9,049$7,534$6,243$5,153$4,197
18 years$10,104$8,361$6,877$5,627$4,582$3,677
19 years$9,472$7,749$6,296$5,084$4,084$3,229
20 years$8,905$7,201$5,778$4,605$3,648$2,841
21 years$8,391$6,707$5,315$4,179$3,264$2,504
22 years$7,925$6,261$4,898$3,800$2,926$2,210
23 years$7,501$5,856$4,523$3,460$2,627$1,953
24 years$7,112$5,487$4,183$3,156$2,361$1,727
25 years$6,755$5,149$3,874$2,882$2,124$1,529
26 years$6,426$4,839$3,593$2,635$1,914$1,355
27 years$6,121$4,554$3,336$2,412$1,725$1,202
28 years$5,839$4,291$3,102$2,210$1,557$1,067
29 years$5,577$4,048$2,886$2,027$1,406$947
30 years$5,333$3,823$2,689$1,860$1,270$842
31 years$5,105$3,614$2,506$1,708$1,148$748
32 years$4,892$3,420$2,339$1,570$1,039$665
33 years$4,692$3,239$2,184$1,444$940$592
34 years$4,504$3,070$2,040$1,328$851$526
35 years$4,328$2,911$1,907$1,223$771$469
36 years$4,161$2,763$1,784$1,126$698$417
37 years$4,004$2,625$1,670$1,038$633$371
38 years$3,856$2,494$1,564$956$574$331
39 years$3,715$2,372$1,465$882$520$295
40 years$3,582$2,257$1,373$813$472$263
41 years$3,456$2,148$1,288$750$428$234
42 years$3,336$2,046$1,208$693$389$208
43 years$3,222$1,949$1,134$639$353$186
44 years$3,113$1,858$1,064$590$320$166
45 years$3,009$1,772$999$545$291$148
46 years$2,911$1,690$938$504$264$132
47 years$2,817$1,613$882$465$240$117
48 years$2,726$1,540$828$430$218$105
49 years$2,640$1,470$779$397$198$93
50 years$2,558$1,405$732$367$180$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,620,000, adding $4,911 every year, while hoping to spend $40,661 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: 59/19/22 Blend
29$2,620,000$2,620,000$2,620,000$2,620,000
30$2,892,306$2,753,446$2,712,836$3,045,737
31$3,144,058$2,845,102$2,760,453$3,242,230
32$3,420,126$2,939,886$2,808,302$3,451,600
33$3,722,947$3,037,909$2,856,349$3,679,058
34$4,055,207$3,139,285$2,904,555$3,926,363
35$4,419,860$3,244,133$2,952,880$4,195,454
36$4,820,166$3,352,575$3,001,282$4,488,462
37$5,259,712$3,464,740$3,049,714$4,807,736
38$5,742,450$3,580,759$3,098,126$5,155,860
39$6,272,734$3,700,771$3,146,467$5,535,680
40$6,855,360$3,824,916$3,194,681$5,950,332
41$7,495,612$3,953,343$3,242,709$6,403,267
42$8,199,313$4,086,204$3,290,487$6,898,286
43$8,972,873$4,223,659$3,337,950$7,439,574
44$9,823,360$4,365,871$3,385,024$8,031,743
45$10,758,556$4,513,013$3,431,637$8,679,871
46$11,787,039$4,665,261$3,477,707$9,389,551
47$12,918,257$4,822,799$3,523,150$10,166,945
48$14,162,621$4,985,818$3,567,877$11,018,838
49$15,531,602$5,154,516$3,611,794$11,952,708
50$17,037,836$5,329,098$3,654,800$12,976,789
51$18,695,250$5,509,778$3,696,791$14,100,154
52$20,519,186$5,696,778$3,737,654$15,332,797
53$22,526,550$5,890,327$3,777,272$16,685,730
54$24,735,969$6,090,664$3,815,521$18,171,083
55$27,167,967$6,298,036$3,852,270$19,802,221
56$29,845,160$6,512,700$3,887,382$21,593,867
57$32,792,468$6,734,924$3,920,711$23,562,244
58$36,037,349$6,964,985$3,952,104$25,725,227
59$39,610,060$7,203,170$3,981,401$28,102,507
60$43,543,939$7,449,778$4,008,431$30,715,784
61$47,875,724$7,705,121$4,033,017$33,588,964
62$52,645,896$7,969,519$4,054,970$36,748,389
63$57,899,061$8,243,309$4,074,096$40,223,083
64$63,684,372$8,526,839$4,090,185$44,045,028
65$70,055,992$8,820,468$4,103,021$48,249,461
66$77,073,606$9,124,574$4,112,375$52,875,212
67$84,802,982$9,439,546$4,118,007$57,965,066
68$93,316,592$9,765,789$4,119,666$63,566,165
69$102,694,296$10,103,725$4,117,087$69,730,459
70$113,024,098$10,453,792$4,109,993$76,515,188
71$124,402,972$10,816,443$4,098,093$83,983,430
72$136,937,779$11,192,153$4,081,083$92,204,688
73$150,746,276$11,581,412$4,058,643$101,255,551
74$165,958,226$11,984,731$4,030,438$111,220,415
75$182,716,624$12,402,642$3,996,116$122,192,278
76$201,179,044$12,835,695$3,955,311$134,273,618
77$221,519,129$13,284,467$3,907,636$147,577,362
78$243,928,227$13,749,552$3,852,688$162,227,948
79$268,617,198$14,231,573$3,790,046$178,362,502
80$295,818,406$14,731,173$3,719,266$196,132,129
81$325,787,908$15,249,025$3,639,885$215,703,343
82$358,807,874$15,785,826$3,551,421$237,259,634
83$395,189,248$16,342,304$3,453,365$261,003,202
84$435,274,687$16,919,212$3,345,188$287,156,866
85$479,441,788$17,517,336$3,226,335$315,966,162
86$528,106,660$18,137,495$3,096,227$347,701,669
87$581,727,846$18,780,539$2,954,257$382,661,554
88$640,810,654$19,447,353$2,799,792$421,174,390
89$705,911,924$20,138,857$2,632,169$463,602,259
90$777,645,290$20,856,011$2,450,696$510,344,167
91$856,686,965$21,599,811$2,254,650$561,839,807
92$943,782,130$22,371,296$2,043,275$618,573,719
93$1,039,751,963$23,171,546$1,815,781$681,079,853
94$1,145,501,398$24,001,686$1,571,344$749,946,614
95$1,262,027,659$24,862,886$1,309,102$825,822,417
96$1,390,429,680$25,756,367$1,028,157$909,421,807
97$1,531,918,475$26,683,398$727,568$1,001,532,200
98$1,687,828,575$27,645,299$406,357$1,103,021,322
99$1,859,630,618$28,643,448$63,499$1,214,845,397
100$2,048,945,241$29,679,277$0$1,338,058,172