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%15.6%
1 years$218,009$216,067$214,172$212,323$210,517$205,679
2 years$107,925$105,915$103,967$102,078$100,246$95,398
3 years$71,235$69,217$67,274$65,403$63,600$58,894
4 years$52,894$50,882$48,958$47,119$45,360$40,832
5 years$41,892$39,892$37,993$36,192$34,482$30,145
6 years$34,560$32,575$30,704$28,943$27,285$23,143
7 years$29,325$27,356$25,515$23,796$22,190$18,244
8 years$25,400$23,449$21,639$19,961$18,408$14,657
9 years$22,349$20,417$18,638$17,003$15,503$11,943
10 years$19,910$17,996$16,249$14,657$13,209$9,837
11 years$17,916$16,021$14,305$12,756$11,360$8,172
12 years$16,255$14,380$12,695$11,188$9,844$6,834
13 years$14,850$12,995$11,343$9,878$8,585$5,747
14 years$13,648$11,812$10,191$8,768$7,525$4,854
15 years$12,606$10,791$9,201$7,820$6,626$4,115
16 years$11,696$9,900$8,342$7,002$5,856$3,499
17 years$10,894$9,118$7,591$6,291$5,192$2,983
18 years$10,181$8,425$6,930$5,669$4,617$2,548
19 years$9,545$7,808$6,344$5,123$4,115$2,181
20 years$8,973$7,256$5,822$4,640$3,676$1,870
21 years$8,455$6,759$5,355$4,211$3,289$1,605
22 years$7,986$6,309$4,936$3,829$2,948$1,379
23 years$7,558$5,901$4,557$3,487$2,647$1,186
24 years$7,166$5,528$4,215$3,180$2,379$1,021
25 years$6,806$5,188$3,904$2,904$2,141$879
26 years$6,475$4,876$3,620$2,656$1,928$758
27 years$6,168$4,589$3,362$2,431$1,738$653
28 years$5,884$4,324$3,125$2,227$1,569$564
29 years$5,620$4,079$2,908$2,042$1,416$486
30 years$5,374$3,852$2,709$1,874$1,280$420
31 years$5,144$3,642$2,526$1,721$1,157$363
32 years$4,929$3,446$2,356$1,582$1,047$313
33 years$4,728$3,263$2,200$1,455$947$271
34 years$4,539$3,093$2,056$1,339$858$234
35 years$4,361$2,934$1,922$1,232$777$202
36 years$4,193$2,784$1,798$1,135$704$175
37 years$4,035$2,645$1,683$1,046$638$151
38 years$3,885$2,513$1,576$964$578$131
39 years$3,743$2,390$1,476$889$524$113
40 years$3,609$2,274$1,384$820$476$98
41 years$3,482$2,164$1,298$756$432$84
42 years$3,361$2,061$1,217$698$392$73
43 years$3,246$1,964$1,142$644$355$63
44 years$3,137$1,872$1,072$595$323$55
45 years$3,032$1,785$1,007$549$293$47
46 years$2,933$1,703$946$507$266$41
47 years$2,838$1,625$888$469$241$35
48 years$2,747$1,551$835$433$219$31
49 years$2,661$1,482$785$400$199$26
50 years$2,578$1,415$738$370$181$23

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 $5,894 every year, while hoping to spend $37,049 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: 75/7/18 Blend
29$2,640,000$2,640,000$2,640,000$2,640,000
30$2,915,360$2,775,440$2,734,520$3,121,525
31$3,173,306$2,872,016$2,786,706$3,355,429
32$3,456,322$2,972,084$2,839,399$3,606,599
33$3,766,925$3,075,773$2,892,577$3,880,929
34$4,107,887$3,183,223$2,946,214$4,180,716
35$4,482,265$3,294,574$3,000,286$4,508,492
36$4,893,424$3,409,976$3,054,764$4,867,044
37$5,345,072$3,529,583$3,109,616$5,259,442
38$5,841,291$3,653,554$3,164,810$5,689,067
39$6,386,582$3,782,058$3,220,311$6,159,644
40$6,985,901$3,915,267$3,276,079$6,675,274
41$7,644,710$4,053,361$3,332,074$7,240,477
42$8,369,023$4,196,529$3,388,252$7,860,232
43$9,165,470$4,344,966$3,444,565$8,540,021
44$10,041,353$4,498,874$3,500,963$9,285,886
45$11,004,718$4,658,466$3,557,392$10,104,483
46$12,064,429$4,823,960$3,613,795$11,003,144
47$13,230,253$4,995,587$3,670,109$11,989,947
48$14,512,952$5,173,584$3,726,271$13,073,791
49$15,924,383$5,358,198$3,782,210$14,264,481
50$17,477,609$5,549,689$3,837,853$15,572,822
51$19,187,026$5,748,325$3,893,122$17,010,715
52$21,068,494$5,954,385$3,947,934$18,591,274
53$23,139,491$6,168,160$4,002,200$20,328,950
54$25,419,272$6,389,953$4,055,827$22,239,663
55$27,929,057$6,620,080$4,108,716$24,340,956
56$30,692,227$6,858,869$4,160,764$26,652,157
57$33,734,543$7,106,663$4,211,859$29,194,564
58$37,084,395$7,363,818$4,261,884$31,991,644
59$40,773,062$7,630,704$4,310,717$35,069,256
60$44,835,015$7,907,709$4,358,226$38,455,893
61$49,308,234$8,195,235$4,404,274$42,182,951
62$54,234,574$8,493,701$4,448,717$46,285,025
63$59,660,152$8,803,544$4,491,401$50,800,237
64$65,635,789$9,125,219$4,532,164$55,770,593
65$72,217,486$9,459,201$4,570,838$61,242,381
66$79,466,952$9,805,984$4,607,243$67,266,607
67$87,452,186$10,166,082$4,641,191$73,899,477
68$96,248,122$10,540,033$4,672,484$81,202,925
69$105,937,331$10,928,396$4,700,913$89,245,199
70$116,610,805$11,331,753$4,726,260$98,101,505
71$128,368,811$11,750,713$4,748,293$107,854,718
72$141,321,839$12,185,908$4,766,771$118,596,159
73$155,591,649$12,637,999$4,781,440$130,426,463
74$171,312,411$13,107,675$4,792,032$143,456,524
75$188,631,978$13,595,653$4,798,266$157,808,544
76$207,713,281$14,102,681$4,799,849$173,617,184
77$228,735,864$14,629,540$4,796,472$191,030,839
78$251,897,578$15,177,044$4,787,810$210,213,032
79$277,416,453$15,746,041$4,773,524$231,343,964
80$305,532,751$16,337,417$4,753,257$254,622,212
81$336,511,236$16,952,094$4,726,635$280,266,601
82$370,643,671$17,591,036$4,693,267$308,518,272
83$408,251,577$18,255,248$4,652,742$339,642,959
84$449,689,259$18,945,777$4,604,630$373,933,494
85$495,347,160$19,663,716$4,548,482$411,712,574
86$545,655,539$20,410,206$4,483,824$453,335,806
87$601,088,535$21,186,439$4,410,164$499,195,061
88$662,168,646$21,993,654$4,326,985$549,722,179
89$729,471,654$22,833,150$4,233,745$605,393,039
90$803,632,066$23,706,277$4,129,879$666,732,056
91$885,349,101$24,614,448$4,014,794$734,317,128
92$975,393,289$25,559,137$3,887,869$808,785,093
93$1,074,613,751$26,541,880$3,748,459$890,837,740
94$1,183,946,205$27,564,284$3,595,884$981,248,435
95$1,304,421,807$28,628,023$3,429,436$1,080,869,420
96$1,437,176,884$29,734,849$3,248,374$1,190,639,859
97$1,583,463,656$30,886,586$3,051,925$1,311,594,704
98$1,744,662,063$32,085,143$2,839,278$1,444,874,466
99$1,922,292,788$33,332,510$2,609,589$1,591,735,978
100$2,118,031,616$34,630,767$2,361,974$1,753,564,266