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

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$216,357$214,430$212,550$210,714$208,922$203,213
2 years$107,108$105,113$103,179$101,305$99,487$93,776
3 years$70,696$68,692$66,764$64,907$63,119$57,585
4 years$52,493$50,496$48,587$46,762$45,017$39,704
5 years$41,575$39,590$37,706$35,918$34,221$29,143
6 years$34,298$32,328$30,472$28,724$27,078$22,240
7 years$29,103$27,149$25,322$23,615$22,022$17,423
8 years$25,208$23,272$21,475$19,810$18,269$13,908
9 years$22,180$20,262$18,497$16,874$15,385$11,258
10 years$19,759$17,860$16,126$14,546$13,109$9,209
11 years$17,780$15,900$14,197$12,659$11,274$7,597
12 years$16,132$14,271$12,599$11,104$9,770$6,307
13 years$14,738$12,897$11,257$9,803$8,520$5,265
14 years$13,544$11,723$10,114$8,702$7,468$4,413
15 years$12,511$10,709$9,132$7,761$6,576$3,713
16 years$11,608$9,825$8,279$6,949$5,812$3,132
17 years$10,811$9,049$7,534$6,243$5,153$2,649
18 years$10,104$8,361$6,877$5,627$4,582$2,245
19 years$9,472$7,749$6,296$5,084$4,084$1,906
20 years$8,905$7,201$5,778$4,605$3,648$1,620
21 years$8,391$6,707$5,315$4,179$3,264$1,379
22 years$7,925$6,261$4,898$3,800$2,926$1,175
23 years$7,501$5,856$4,523$3,460$2,627$1,002
24 years$7,112$5,487$4,183$3,156$2,361$855
25 years$6,755$5,149$3,874$2,882$2,124$730
26 years$6,426$4,839$3,593$2,635$1,914$623
27 years$6,121$4,554$3,336$2,412$1,725$533
28 years$5,839$4,291$3,102$2,210$1,557$455
29 years$5,577$4,048$2,886$2,027$1,406$390
30 years$5,333$3,823$2,689$1,860$1,270$333
31 years$5,105$3,614$2,506$1,708$1,148$285
32 years$4,892$3,420$2,339$1,570$1,039$244
33 years$4,692$3,239$2,184$1,444$940$209
34 years$4,504$3,070$2,040$1,328$851$179
35 years$4,328$2,911$1,907$1,223$771$153
36 years$4,161$2,763$1,784$1,126$698$131
37 years$4,004$2,625$1,670$1,038$633$112
38 years$3,856$2,494$1,564$956$574$96
39 years$3,715$2,372$1,465$882$520$82
40 years$3,582$2,257$1,373$813$472$71
41 years$3,456$2,148$1,288$750$428$60
42 years$3,336$2,046$1,208$693$389$52
43 years$3,222$1,949$1,134$639$353$44
44 years$3,113$1,858$1,064$590$320$38
45 years$3,009$1,772$999$545$291$33
46 years$2,911$1,690$938$504$264$28
47 years$2,817$1,613$882$465$240$24
48 years$2,726$1,540$828$430$218$20
49 years$2,640$1,470$779$397$198$18
50 years$2,558$1,405$732$367$180$15

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 $3,387 every year, while hoping to spend $44,774 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: 74/9/17 Blend
29$2,620,000$2,620,000$2,620,000$2,620,000
30$2,890,734$2,751,874$2,711,264$3,093,196
31$3,137,949$2,839,076$2,754,452$3,314,993
32$3,408,880$2,929,051$2,797,586$3,552,133
33$3,705,898$3,021,887$2,840,618$3,810,803
34$4,031,616$3,117,675$2,883,494$4,093,132
35$4,388,909$3,216,510$2,926,160$4,401,466
36$4,780,948$3,318,489$2,968,556$4,738,387
37$5,211,222$3,423,712$3,010,620$5,106,742
38$5,683,576$3,532,284$3,052,285$5,509,663
39$6,202,247$3,644,311$3,093,482$5,950,602
40$6,771,898$3,759,905$3,134,136$6,433,362
41$7,397,670$3,879,178$3,174,168$6,962,130
42$8,085,224$4,002,250$3,213,495$7,541,521
43$8,840,799$4,129,242$3,252,028$8,176,617
44$9,671,264$4,260,279$3,289,676$8,873,017
45$10,584,191$4,395,491$3,326,338$9,636,890
46$11,587,921$4,535,012$3,361,912$10,475,031
47$12,691,641$4,678,979$3,396,288$11,394,929
48$13,905,475$4,827,537$3,429,351$12,404,833
49$15,240,579$4,980,831$3,460,980$13,513,830
50$16,709,240$5,139,014$3,491,045$14,731,935
51$18,325,000$5,302,243$3,519,412$16,070,180
52$20,102,777$5,470,680$3,545,939$17,540,724
53$22,059,009$5,644,492$3,570,477$19,156,959
54$24,211,808$5,823,852$3,592,868$20,933,644
55$26,581,130$6,008,938$3,612,946$22,887,043
56$29,188,963$6,199,934$3,630,538$25,035,072
57$32,059,537$6,397,031$3,645,461$27,397,477
58$35,219,549$6,600,424$3,657,523$29,996,012
59$38,698,415$6,810,317$3,666,522$32,854,652
60$42,528,550$7,026,919$3,672,247$35,999,811
61$46,745,669$7,250,445$3,674,474$39,460,597
62$51,389,129$7,481,119$3,672,971$43,269,086
63$56,502,298$7,719,171$3,667,493$47,460,620
64$62,132,961$7,964,839$3,657,783$52,074,148
65$68,333,776$8,218,369$3,643,571$57,152,584
66$75,162,766$8,480,015$3,624,576$62,743,223
67$82,683,870$8,750,037$3,600,502$68,898,176
68$90,967,544$9,028,708$3,571,037$75,674,871
69$100,091,425$9,316,306$3,535,859$83,136,589
70$110,141,065$9,613,120$3,494,625$91,353,065
71$121,210,738$9,919,448$3,446,980$100,401,142
72$133,404,330$10,235,597$3,392,550$110,365,501
73$146,836,316$10,561,886$3,330,944$121,339,456
74$161,632,844$10,898,642$3,261,755$133,425,838
75$177,932,923$11,246,204$3,184,553$146,737,964
76$195,889,737$11,604,924$3,098,891$161,400,705
77$215,672,087$11,975,162$3,004,300$177,551,669
78$237,465,987$12,357,292$2,900,291$195,342,497
79$261,476,418$12,751,699$2,786,351$214,940,292
80$287,929,263$13,158,783$2,661,945$236,529,202
81$317,073,439$13,578,955$2,526,512$260,312,156
82$349,183,246$14,012,641$2,379,466$286,512,776
83$384,560,956$14,460,278$2,220,197$315,377,494
84$423,539,664$14,922,322$2,048,064$347,177,874
85$466,486,435$15,399,242$1,862,399$382,213,177
86$513,805,767$15,891,520$1,662,506$420,813,187
87$565,943,410$16,399,659$1,447,653$463,341,324
88$623,390,569$16,924,174$1,217,081$510,198,072
89$686,688,548$17,465,599$969,995$561,824,764
90$756,433,853$18,024,487$705,563$618,707,747
91$833,283,827$18,601,407$422,919$681,382,972
92$917,962,849$19,196,948$121,160$750,441,054
93$1,011,269,181$19,811,720$0$826,532,851
94$1,114,082,493$20,446,349$0$910,412,041
95$1,227,372,174$21,101,487$0$1,002,858,408
96$1,352,206,480$21,777,805$0$1,104,721,155
97$1,489,762,620$22,475,996$0$1,216,960,337
98$1,641,337,865$23,196,778$0$1,340,633,919
99$1,808,361,798$23,940,891$0$1,476,907,768
100$1,992,409,807$24,709,100$0$1,627,066,651