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%18.7%
1 years$216,357$214,430$212,550$210,714$208,922$201,590
2 years$107,108$105,113$103,179$101,305$99,487$92,176
3 years$70,696$68,692$66,764$64,907$63,119$56,060
4 years$52,493$50,496$48,587$46,762$45,017$38,264
5 years$41,575$39,590$37,706$35,918$34,221$27,792
6 years$34,298$32,328$30,472$28,724$27,078$20,977
7 years$29,103$27,149$25,322$23,615$22,022$16,248
8 years$25,208$23,272$21,475$19,810$18,269$12,818
9 years$22,180$20,262$18,497$16,874$15,385$10,250
10 years$19,759$17,860$16,126$14,546$13,109$8,280
11 years$17,780$15,900$14,197$12,659$11,274$6,742
12 years$16,132$14,271$12,599$11,104$9,770$5,525
13 years$14,738$12,897$11,257$9,803$8,520$4,549
14 years$13,544$11,723$10,114$8,702$7,468$3,761
15 years$12,511$10,709$9,132$7,761$6,576$3,119
16 years$11,608$9,825$8,279$6,949$5,812$2,594
17 years$10,811$9,049$7,534$6,243$5,153$2,162
18 years$10,104$8,361$6,877$5,627$4,582$1,805
19 years$9,472$7,749$6,296$5,084$4,084$1,509
20 years$8,905$7,201$5,778$4,605$3,648$1,264
21 years$8,391$6,707$5,315$4,179$3,264$1,059
22 years$7,925$6,261$4,898$3,800$2,926$888
23 years$7,501$5,856$4,523$3,460$2,627$746
24 years$7,112$5,487$4,183$3,156$2,361$626
25 years$6,755$5,149$3,874$2,882$2,124$526
26 years$6,426$4,839$3,593$2,635$1,914$442
27 years$6,121$4,554$3,336$2,412$1,725$372
28 years$5,839$4,291$3,102$2,210$1,557$313
29 years$5,577$4,048$2,886$2,027$1,406$263
30 years$5,333$3,823$2,689$1,860$1,270$221
31 years$5,105$3,614$2,506$1,708$1,148$186
32 years$4,892$3,420$2,339$1,570$1,039$157
33 years$4,692$3,239$2,184$1,444$940$132
34 years$4,504$3,070$2,040$1,328$851$111
35 years$4,328$2,911$1,907$1,223$771$94
36 years$4,161$2,763$1,784$1,126$698$79
37 years$4,004$2,625$1,670$1,038$633$66
38 years$3,856$2,494$1,564$956$574$56
39 years$3,715$2,372$1,465$882$520$47
40 years$3,582$2,257$1,373$813$472$40
41 years$3,456$2,148$1,288$750$428$33
42 years$3,336$2,046$1,208$693$389$28
43 years$3,222$1,949$1,134$639$353$24
44 years$3,113$1,858$1,064$590$320$20
45 years$3,009$1,772$999$545$291$17
46 years$2,911$1,690$938$504$264$14
47 years$2,817$1,613$882$465$240$12
48 years$2,726$1,540$828$430$218$10
49 years$2,640$1,470$779$397$198$8
50 years$2,558$1,405$732$367$180$7

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 $2,361 every year, while hoping to spend $55,486 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: 69/15/16 Blend
29$2,620,000$2,620,000$2,620,000$2,620,000
30$2,889,675$2,750,815$2,710,205$3,078,049
31$3,125,386$2,826,569$2,741,961$3,279,557
32$3,383,279$2,904,174$2,772,920$3,493,139
33$3,665,558$2,983,664$2,802,998$3,725,420
34$3,974,652$3,065,070$2,832,105$3,978,235
35$4,313,232$3,148,425$2,860,147$4,253,607
36$4,684,243$3,233,758$2,887,022$4,553,762
37$5,090,924$3,321,101$2,912,626$4,881,153
38$5,536,848$3,410,484$2,936,848$5,238,480
39$6,025,944$3,501,936$2,959,571$5,628,719
40$6,562,546$3,595,486$2,980,672$6,055,147
41$7,151,422$3,691,161$3,000,021$6,521,375
42$7,797,828$3,788,989$3,017,482$7,031,380
43$8,507,551$3,888,994$3,032,913$7,589,545
44$9,286,968$3,991,202$3,046,162$8,200,695
45$10,143,103$4,095,635$3,057,072$8,870,151
46$11,083,692$4,202,314$3,065,477$9,603,770
47$12,117,261$4,311,259$3,071,203$10,408,010
48$13,253,199$4,422,488$3,074,065$11,289,984
49$14,501,851$4,536,016$3,073,873$12,257,528
50$15,874,617$4,651,858$3,070,424$13,319,279
51$17,384,052$4,770,023$3,063,508$14,484,751
52$19,043,991$4,890,520$3,052,901$15,764,430
53$20,869,678$5,013,355$3,038,373$17,169,868
54$22,877,905$5,138,530$3,019,679$18,713,794
55$25,087,177$5,266,043$2,996,563$20,410,237
56$27,517,879$5,395,889$2,968,758$22,274,653
57$30,192,475$5,528,060$2,935,984$24,324,076
58$33,135,715$5,662,543$2,897,947$26,577,274
59$36,374,869$5,799,318$2,854,339$29,054,929
60$39,939,985$5,938,364$2,804,839$31,779,834
61$43,864,171$6,079,652$2,749,109$34,777,102
62$48,183,909$6,223,147$2,686,796$38,074,412
63$52,939,397$6,368,810$2,617,533$41,702,260
64$58,174,927$6,516,594$2,540,932$45,694,256
65$63,939,306$6,666,444$2,456,590$50,087,437
66$70,286,314$6,818,298$2,364,084$54,922,616
67$77,275,211$6,972,087$2,262,973$60,244,770
68$84,971,295$7,127,732$2,152,795$66,103,462
69$93,446,521$7,285,144$2,033,068$72,553,312
70$102,780,177$7,444,227$1,903,287$79,654,510
71$113,059,632$7,604,872$1,762,924$87,473,387
72$124,381,162$7,766,958$1,611,430$96,083,040
73$136,850,856$7,930,354$1,448,228$105,564,020
74$150,585,617$8,094,915$1,272,717$116,005,097
75$165,714,267$8,260,483$1,084,270$127,504,097
76$182,378,760$8,426,885$882,231$140,168,823
77$200,735,523$8,593,931$665,915$154,118,077
78$220,956,930$8,761,418$434,608$169,482,780
79$243,232,933$8,929,124$187,563$186,407,207
80$267,772,847$9,096,806$0$205,050,354
81$294,807,333$9,264,204$0$225,600,423
82$324,590,568$9,431,037$0$248,272,529
83$357,402,648$9,597,001$0$273,247,549
84$393,552,233$9,761,768$0$300,760,129
85$433,379,452$9,924,986$0$331,068,840
86$477,259,121$10,086,276$0$364,458,625
87$525,604,278$10,245,230$0$401,243,485
88$578,870,080$10,401,412$0$441,769,442
89$637,558,100$10,554,353$0$486,417,808
90$702,221,061$10,703,551$0$535,608,782
91$773,468,054$10,848,469$0$589,805,419
92$851,970,283$10,988,532$0$649,518,000
93$938,467,408$11,123,126$0$715,308,847
94$1,033,774,517$11,251,593$0$787,797,635
95$1,138,789,831$11,373,234$0$867,667,239
96$1,254,503,171$11,487,300$0$955,670,184
97$1,382,005,310$11,592,993$0$1,052,635,742
98$1,522,498,266$11,689,464$0$1,159,477,771
99$1,677,306,649$11,775,807$0$1,277,203,333
100$1,847,890,164$11,851,059$0$1,406,922,207