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%16.4%
1 years$216,357$214,430$212,550$210,714$208,922$203,459
2 years$107,108$105,113$103,179$101,305$99,487$94,020
3 years$70,696$68,692$66,764$64,907$63,119$57,819
4 years$52,493$50,496$48,587$46,762$45,017$39,925
5 years$41,575$39,590$37,706$35,918$34,221$29,352
6 years$34,298$32,328$30,472$28,724$27,078$22,436
7 years$29,103$27,149$25,322$23,615$22,022$17,607
8 years$25,208$23,272$21,475$19,810$18,269$14,079
9 years$22,180$20,262$18,497$16,874$15,385$11,417
10 years$19,759$17,860$16,126$14,546$13,109$9,357
11 years$17,780$15,900$14,197$12,659$11,274$7,733
12 years$16,132$14,271$12,599$11,104$9,770$6,434
13 years$14,738$12,897$11,257$9,803$8,520$5,381
14 years$13,544$11,723$10,114$8,702$7,468$4,520
15 years$12,511$10,709$9,132$7,761$6,576$3,811
16 years$11,608$9,825$8,279$6,949$5,812$3,222
17 years$10,811$9,049$7,534$6,243$5,153$2,731
18 years$10,104$8,361$6,877$5,627$4,582$2,319
19 years$9,472$7,749$6,296$5,084$4,084$1,973
20 years$8,905$7,201$5,778$4,605$3,648$1,681
21 years$8,391$6,707$5,315$4,179$3,264$1,434
22 years$7,925$6,261$4,898$3,800$2,926$1,225
23 years$7,501$5,856$4,523$3,460$2,627$1,047
24 years$7,112$5,487$4,183$3,156$2,361$895
25 years$6,755$5,149$3,874$2,882$2,124$766
26 years$6,426$4,839$3,593$2,635$1,914$656
27 years$6,121$4,554$3,336$2,412$1,725$562
28 years$5,839$4,291$3,102$2,210$1,557$482
29 years$5,577$4,048$2,886$2,027$1,406$413
30 years$5,333$3,823$2,689$1,860$1,270$354
31 years$5,105$3,614$2,506$1,708$1,148$304
32 years$4,892$3,420$2,339$1,570$1,039$261
33 years$4,692$3,239$2,184$1,444$940$224
34 years$4,504$3,070$2,040$1,328$851$192
35 years$4,328$2,911$1,907$1,223$771$165
36 years$4,161$2,763$1,784$1,126$698$142
37 years$4,004$2,625$1,670$1,038$633$122
38 years$3,856$2,494$1,564$956$574$104
39 years$3,715$2,372$1,465$882$520$90
40 years$3,582$2,257$1,373$813$472$77
41 years$3,456$2,148$1,288$750$428$66
42 years$3,336$2,046$1,208$693$389$57
43 years$3,222$1,949$1,134$639$353$49
44 years$3,113$1,858$1,064$590$320$42
45 years$3,009$1,772$999$545$291$36
46 years$2,911$1,690$938$504$264$31
47 years$2,817$1,613$882$465$240$27
48 years$2,726$1,540$828$430$218$23
49 years$2,640$1,470$779$397$198$20
50 years$2,558$1,405$732$367$180$17

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 $3,764 every year, while hoping to spend $31,566 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: 32/43/25 Blend
29$2,620,000$2,620,000$2,620,000$2,620,000
30$2,891,123$2,752,263$2,711,653$2,961,371
31$3,152,431$2,853,537$2,768,907$3,116,320
32$3,439,335$2,958,717$2,827,021$3,280,018
33$3,754,412$3,067,959$2,885,991$3,455,707
34$4,100,501$3,181,428$2,945,811$3,644,460
35$4,480,730$3,299,296$3,006,474$3,847,456
36$4,898,545$3,421,742$3,067,971$4,065,990
37$5,357,742$3,548,952$3,130,293$4,301,481
38$5,862,502$3,681,121$3,193,428$4,555,489
39$6,417,433$3,818,452$3,257,364$4,829,727
40$7,027,611$3,961,156$3,322,086$5,126,076
41$7,698,629$4,109,455$3,387,578$5,446,605
42$8,436,649$4,263,577$3,453,820$5,793,585
43$9,248,458$4,423,763$3,520,794$6,169,513
44$10,141,536$4,590,263$3,588,477$6,577,135
45$11,124,125$4,763,339$3,656,843$7,019,467
46$12,205,306$4,943,262$3,725,867$7,499,827
47$13,395,082$5,130,316$3,795,518$8,021,865
48$14,704,477$5,324,799$3,865,765$8,589,594
49$16,145,638$5,527,018$3,936,573$9,207,426
50$17,731,949$5,737,298$4,007,904$9,880,218
51$19,478,156$5,955,974$4,079,717$10,613,312
52$21,400,509$6,183,398$4,151,969$11,412,585
53$23,516,913$6,419,937$4,224,612$12,284,505
54$25,847,098$6,665,973$4,297,595$13,236,187
55$28,412,802$6,921,905$4,370,865$14,275,466
56$31,237,980$7,188,152$4,444,362$15,410,961
57$34,349,030$7,465,147$4,518,024$16,652,160
58$37,775,037$7,753,345$4,591,784$18,009,510
59$41,548,053$8,053,221$4,665,570$19,494,508
60$45,703,395$8,365,270$4,739,308$21,119,812
61$50,279,981$8,690,008$4,812,914$22,899,359
62$55,320,697$9,027,976$4,886,305$24,848,492
63$60,872,799$9,379,737$4,959,386$26,984,109
64$66,988,361$9,745,881$5,032,062$29,324,812
65$73,724,766$10,127,021$5,104,229$31,891,087
66$81,145,247$10,523,801$5,175,776$34,705,496
67$89,319,485$10,936,890$5,246,587$37,792,882
68$98,324,265$11,366,989$5,316,540$41,180,607
69$108,244,198$11,814,831$5,385,502$44,898,805
70$119,172,527$12,281,178$5,453,337$48,980,667
71$131,212,000$12,766,830$5,519,899$53,462,747
72$144,475,840$13,272,622$5,585,032$58,385,311
73$159,088,820$13,799,424$5,648,574$63,792,709
74$175,188,431$14,348,147$5,710,353$69,733,792
75$192,926,187$14,919,743$5,770,186$76,262,373
76$212,469,054$15,515,206$5,827,883$83,437,730
77$234,001,022$16,135,575$5,883,242$91,325,161
78$257,724,844$16,781,936$5,936,048$99,996,601
79$283,863,952$17,455,424$5,986,079$109,531,295
80$312,664,560$18,157,225$6,033,098$120,016,543
81$344,397,994$18,888,579$6,076,856$131,548,519
82$379,363,251$19,650,780$6,117,092$144,233,179
83$417,889,819$20,445,185$6,153,531$158,187,254
84$460,340,789$21,273,208$6,185,883$173,539,349
85$507,116,284$22,136,330$6,213,845$190,431,153
86$558,657,233$23,036,098$6,237,096$209,018,769
87$615,449,534$23,974,129$6,255,302$229,474,190
88$678,028,641$24,952,116$6,268,109$251,986,909
89$746,984,620$25,971,827$6,275,148$276,765,710
90$822,967,716$27,035,112$6,276,030$304,040,629
91$906,694,493$28,143,903$6,270,348$334,065,123
92$998,954,600$29,300,222$6,257,673$367,118,456
93$1,100,618,222$30,506,186$6,237,558$403,508,328
94$1,212,644,296$31,764,005$6,209,532$443,573,775
95$1,336,089,565$33,075,992$6,173,102$487,688,364
96$1,472,118,551$34,444,566$6,127,751$536,263,709
97$1,622,014,552$35,872,257$6,072,939$589,753,354
98$1,787,191,751$37,361,713$6,008,097$648,657,045
99$1,969,208,573$38,915,701$5,932,632$713,525,441
100$2,169,782,394$40,537,117$5,845,922$784,965,303