Can I retire at age 30 with 2,640,000?

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 $2,640,000?

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 years$218,009$216,067$214,172$212,323$210,517$208,753
2 years$107,925$105,915$103,967$102,078$100,246$98,469
3 years$71,235$69,217$67,274$65,403$63,600$61,864
4 years$52,894$50,882$48,958$47,119$45,360$43,678
5 years$41,892$39,892$37,993$36,192$34,482$32,860
6 years$34,560$32,575$30,704$28,943$27,285$25,724
7 years$29,325$27,356$25,515$23,796$22,190$20,691
8 years$25,400$23,449$21,639$19,961$18,408$16,972
9 years$22,349$20,417$18,638$17,003$15,503$14,128
10 years$19,910$17,996$16,249$14,657$13,209$11,896
11 years$17,916$16,021$14,305$12,756$11,360$10,107
12 years$16,255$14,380$12,695$11,188$9,844$8,650
13 years$14,850$12,995$11,343$9,878$8,585$7,448
14 years$13,648$11,812$10,191$8,768$7,525$6,444
15 years$12,606$10,791$9,201$7,820$6,626$5,600
16 years$11,696$9,900$8,342$7,002$5,856$4,883
17 years$10,894$9,118$7,591$6,291$5,192$4,270
18 years$10,181$8,425$6,930$5,669$4,617$3,744
19 years$9,545$7,808$6,344$5,123$4,115$3,291
20 years$8,973$7,256$5,822$4,640$3,676$2,897
21 years$8,455$6,759$5,355$4,211$3,289$2,555
22 years$7,986$6,309$4,936$3,829$2,948$2,257
23 years$7,558$5,901$4,557$3,487$2,647$1,996
24 years$7,166$5,528$4,215$3,180$2,379$1,767
25 years$6,806$5,188$3,904$2,904$2,141$1,566
26 years$6,475$4,876$3,620$2,656$1,928$1,389
27 years$6,168$4,589$3,362$2,431$1,738$1,232
28 years$5,884$4,324$3,125$2,227$1,569$1,095
29 years$5,620$4,079$2,908$2,042$1,416$973
30 years$5,374$3,852$2,709$1,874$1,280$865
31 years$5,144$3,642$2,526$1,721$1,157$769
32 years$4,929$3,446$2,356$1,582$1,047$685
33 years$4,728$3,263$2,200$1,455$947$610
34 years$4,539$3,093$2,056$1,339$858$543
35 years$4,361$2,934$1,922$1,232$777$484
36 years$4,193$2,784$1,798$1,135$704$431
37 years$4,035$2,645$1,683$1,046$638$384
38 years$3,885$2,513$1,576$964$578$342
39 years$3,743$2,390$1,476$889$524$305
40 years$3,609$2,274$1,384$820$476$272
41 years$3,482$2,164$1,298$756$432$243
42 years$3,361$2,061$1,217$698$392$216
43 years$3,246$1,964$1,142$644$355$193
44 years$3,137$1,872$1,072$595$323$172
45 years$3,032$1,785$1,007$549$293$154
46 years$2,933$1,703$946$507$266$137
47 years$2,838$1,625$888$469$241$122
48 years$2,747$1,551$835$433$219$109
49 years$2,661$1,482$785$400$199$97
50 years$2,578$1,415$738$370$181$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,640,000, adding $5,851 every year, while hoping to spend $55,271 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: 71/9/20 Blend
29$2,640,000$2,640,000$2,640,000$2,640,000
30$2,915,315$2,775,395$2,734,475$3,107,738
31$3,153,870$2,852,582$2,767,272$3,313,870
32$3,414,904$2,931,698$2,799,316$3,532,356
33$3,700,653$3,012,780$2,830,521$3,770,197
34$4,013,577$3,095,864$2,860,802$4,029,303
35$4,356,387$3,180,986$2,890,063$4,311,778
36$4,732,066$3,268,182$2,918,208$4,619,942
37$5,143,901$3,357,487$2,945,133$4,956,347
38$5,595,512$3,448,937$2,970,728$5,323,808
39$6,090,886$3,542,567$2,994,879$5,725,422
40$6,634,414$3,638,410$3,017,464$6,164,604
41$7,230,933$3,736,501$3,038,358$6,645,117
42$7,885,770$3,836,872$3,057,426$7,171,103
43$8,604,796$3,939,555$3,074,526$7,747,130
44$9,394,474$4,044,583$3,089,512$8,378,227
45$10,261,928$4,151,984$3,102,228$9,069,940
46$11,215,002$4,261,789$3,112,510$9,828,375
47$12,262,339$4,374,024$3,120,186$10,660,262
48$13,413,463$4,488,716$3,125,077$11,573,017
49$14,678,862$4,605,889$3,126,994$12,574,812
50$16,070,095$4,725,567$3,125,737$13,674,649
51$17,599,894$4,847,769$3,121,099$14,882,452
52$19,282,288$4,972,515$3,112,860$16,209,153
53$21,132,734$5,099,820$3,100,793$17,666,800
54$23,168,260$5,229,698$3,084,657$19,268,669
55$25,407,629$5,362,160$3,064,199$21,029,389
56$27,871,514$5,497,213$3,039,157$22,965,082
57$30,582,693$5,634,862$3,009,254$25,093,513
58$33,566,264$5,775,106$2,974,200$27,434,260
59$36,849,879$5,917,942$2,933,691$30,008,895
60$40,464,008$6,063,363$2,887,412$32,841,194
61$44,442,225$6,211,355$2,835,028$35,957,355
62$48,821,523$6,361,903$2,776,192$39,386,250
63$53,642,664$6,514,982$2,710,541$43,159,694
64$58,950,564$6,670,564$2,637,692$47,312,749
65$64,794,715$6,828,615$2,557,248$51,884,054
66$71,229,652$6,989,093$2,468,792$56,916,188
67$78,315,467$7,151,950$2,371,887$62,456,075
68$86,118,378$7,317,128$2,266,079$68,555,425
69$94,711,350$7,484,565$2,150,890$75,271,224
70$104,174,786$7,654,186$2,025,822$82,666,271
71$114,597,282$7,825,910$1,890,356$90,809,770
72$126,076,468$7,999,643$1,743,946$99,777,989
73$138,719,925$8,175,282$1,586,025$109,654,974
74$152,646,199$8,352,713$1,415,998$120,533,346
75$167,985,923$8,531,808$1,233,247$132,515,174
76$184,883,049$8,712,428$1,037,122$145,712,942
77$203,496,202$8,894,419$826,947$160,250,609
78$224,000,182$9,077,613$602,017$176,264,779
79$246,587,610$9,261,825$361,594$193,905,995
80$271,470,747$9,446,855$104,908$213,340,157
81$298,883,496$9,632,485$0$234,750,088
82$329,083,612$9,818,476$0$258,373,336
83$362,355,131$10,004,572$0$284,422,097
84$399,011,053$10,190,494$0$313,118,831
85$439,396,292$10,375,940$0$344,733,378
86$483,890,939$10,560,586$0$379,563,094
87$532,913,841$10,744,081$0$417,935,660
88$586,926,558$10,926,046$0$460,212,174
89$646,437,721$11,106,077$0$506,790,559
90$712,007,829$11,283,735$0$558,109,317
91$784,254,543$11,458,553$0$614,651,673
92$863,858,511$11,630,027$0$676,950,132
93$951,569,800$11,797,619$0$745,591,507
94$1,048,214,968$11,960,751$0$821,222,460
95$1,154,704,872$12,118,805$0$904,555,603
96$1,272,043,263$12,271,121$0$996,376,227
97$1,401,336,264$12,416,993$0$1,097,549,715
98$1,543,802,804$12,555,668$0$1,209,029,711
99$1,700,786,135$12,686,340$0$1,331,867,122
100$1,873,766,502$12,808,152$0$1,467,220,041