Can I retire at age 30 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$217,183$215,248$213,361$211,519$209,720$201,878
2 years$107,516$105,514$103,573$101,692$99,867$92,055
3 years$70,966$68,955$67,019$65,155$63,359$55,825
4 years$52,694$50,689$48,773$46,940$45,189$37,988
5 years$41,734$39,741$37,849$36,055$34,352$27,504
6 years$34,429$32,451$30,588$28,833$27,181$20,692
7 years$29,214$27,253$25,419$23,705$22,106$15,972
8 years$25,304$23,360$21,557$19,886$18,339$12,556
9 years$22,265$20,339$18,567$16,938$15,444$10,003
10 years$19,835$17,928$16,187$14,601$13,159$8,050
11 years$17,848$15,960$14,251$12,707$11,317$6,530
12 years$16,193$14,325$12,647$11,146$9,807$5,329
13 years$14,794$12,946$11,300$9,840$8,552$4,370
14 years$13,596$11,767$10,153$8,735$7,497$3,598
15 years$12,559$10,750$9,167$7,790$6,601$2,971
16 years$11,652$9,863$8,311$6,975$5,834$2,460
17 years$10,853$9,083$7,563$6,267$5,173$2,041
18 years$10,143$8,393$6,904$5,648$4,599$1,697
19 years$9,509$7,779$6,320$5,103$4,099$1,412
20 years$8,939$7,228$5,800$4,622$3,662$1,177
21 years$8,423$6,733$5,335$4,195$3,277$982
22 years$7,956$6,285$4,917$3,814$2,937$820
23 years$7,529$5,878$4,540$3,474$2,637$685
24 years$7,139$5,508$4,199$3,168$2,370$572
25 years$6,781$5,169$3,889$2,893$2,132$479
26 years$6,450$4,858$3,607$2,645$1,921$400
27 years$6,145$4,572$3,349$2,421$1,732$335
28 years$5,862$4,308$3,113$2,219$1,563$280
29 years$5,599$4,064$2,897$2,035$1,411$235
30 years$5,354$3,838$2,699$1,867$1,275$197
31 years$5,125$3,628$2,516$1,715$1,153$165
32 years$4,911$3,433$2,347$1,576$1,043$138
33 years$4,710$3,251$2,192$1,449$944$116
34 years$4,521$3,081$2,048$1,333$854$97
35 years$4,344$2,922$1,915$1,227$774$81
36 years$4,177$2,774$1,791$1,130$701$68
37 years$4,019$2,635$1,676$1,042$635$57
38 years$3,870$2,504$1,570$960$576$48
39 years$3,729$2,381$1,471$885$522$40
40 years$3,596$2,265$1,379$816$474$34
41 years$3,469$2,156$1,293$753$430$28
42 years$3,348$2,054$1,213$695$390$24
43 years$3,234$1,957$1,138$642$354$20
44 years$3,125$1,865$1,068$593$321$17
45 years$3,021$1,778$1,003$547$292$14
46 years$2,922$1,697$942$506$265$12
47 years$2,827$1,619$885$467$241$10
48 years$2,737$1,546$832$432$218$8
49 years$2,650$1,476$782$399$198$7
50 years$2,568$1,410$735$369$180$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,630,000, adding $2,963 every year, while hoping to spend $27,239 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: 59/21/20 Blend
29$2,630,000$2,630,000$2,630,000$2,630,000
30$2,901,316$2,761,926$2,721,161$3,057,031
31$3,168,269$2,868,279$2,783,338$3,269,350
32$3,461,537$2,978,929$2,846,685$3,497,567
33$3,783,777$3,094,060$2,911,212$3,745,854
34$4,137,914$3,213,861$2,976,930$4,016,156
35$4,527,171$3,338,530$3,043,847$4,310,616
36$4,955,099$3,468,275$3,111,972$4,631,589
37$5,425,610$3,603,310$3,181,314$4,981,668
38$5,943,013$3,743,863$3,251,878$5,363,706
39$6,512,056$3,890,169$3,323,673$5,780,844
40$7,137,973$4,042,474$3,396,702$6,236,539
41$7,826,525$4,201,035$3,470,971$6,734,596
42$8,584,066$4,366,120$3,546,483$7,279,204
43$9,417,591$4,538,010$3,623,241$7,874,976
44$10,334,811$4,716,999$3,701,246$8,526,990
45$11,344,222$4,903,391$3,780,497$9,240,835
46$12,455,183$5,097,508$3,860,994$10,022,669
47$13,678,008$5,299,683$3,942,734$10,879,271
48$15,024,062$5,510,264$4,025,713$11,818,105
49$16,505,866$5,729,618$4,109,925$12,847,392
50$18,137,220$5,958,124$4,195,362$13,976,186
51$19,933,325$6,196,181$4,282,016$15,214,458
52$21,910,936$6,444,206$4,369,875$16,573,190
53$24,088,513$6,702,632$4,458,927$18,064,477
54$26,486,395$6,971,916$4,549,155$19,701,642
55$29,126,999$7,252,531$4,640,543$21,499,361
56$32,035,022$7,544,975$4,733,071$23,473,796
57$35,237,682$7,849,766$4,826,716$25,642,753
58$38,764,968$8,167,447$4,921,454$28,025,846
59$42,649,928$8,498,585$5,017,256$30,644,680
60$46,928,979$8,843,774$5,114,092$33,523,059
61$51,642,248$9,203,632$5,211,928$36,687,202
62$56,833,956$9,578,809$5,310,726$40,165,994
63$62,552,831$9,969,982$5,410,447$43,991,260
64$68,852,568$10,377,859$5,511,045$48,198,058
65$75,792,338$10,803,182$5,612,472$52,825,013
66$83,437,343$11,246,725$5,714,677$57,914,679
67$91,859,436$11,709,298$5,817,603$63,513,939
68$101,137,794$12,191,750$5,921,188$69,674,447
69$111,359,669$12,694,965$6,025,368$76,453,115
70$122,621,208$13,219,871$6,130,070$83,912,645
71$135,028,364$13,767,438$6,235,221$92,122,124
72$148,697,894$14,338,678$6,340,737$101,157,671
73$163,758,459$14,934,654$6,446,532$111,103,156
74$180,351,844$15,556,474$6,552,512$122,050,989
75$198,634,289$16,205,298$6,658,579$134,102,990
76$218,777,971$16,882,342$6,764,625$147,371,350
77$240,972,622$17,588,875$6,870,538$161,979,687
78$265,427,325$18,326,226$6,976,197$178,064,211
79$292,372,486$19,095,785$7,081,474$195,775,005
80$322,062,009$19,899,007$7,186,232$215,277,446
81$354,775,689$20,737,414$7,290,327$236,753,758
82$390,821,861$21,612,599$7,393,604$260,404,732
83$430,540,303$22,526,228$7,495,901$286,451,619
84$474,305,445$23,480,045$7,597,046$315,138,216
85$522,529,909$24,475,875$7,696,855$346,733,164
86$575,668,394$25,515,628$7,795,135$381,532,482
87$634,221,979$26,601,302$7,891,680$419,862,359
88$698,742,846$27,734,990$7,986,276$462,082,229
89$769,839,492$28,918,881$8,078,692$508,588,161
90$848,182,480$30,155,266$8,168,688$559,816,596
91$934,510,763$31,446,544$8,256,009$616,248,463
92$1,029,638,661$32,795,225$8,340,386$678,413,714
93$1,134,463,550$34,203,937$8,421,535$746,896,327
94$1,249,974,333$35,675,431$8,499,157$822,339,809
95$1,377,260,774$37,212,586$8,572,938$905,453,275
96$1,517,523,788$38,818,417$8,642,546$997,018,131
97$1,672,086,775$40,496,080$8,707,632$1,097,895,448
98$1,842,408,117$42,248,879$8,767,828$1,209,034,091
99$2,030,094,943$44,080,272$8,822,749$1,331,479,664
100$2,236,918,303$45,993,882$8,871,987$1,466,384,383