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

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$218,009$216,067$214,172$212,323$210,517$204,106
2 years$107,925$105,915$103,967$102,078$100,246$93,842
3 years$71,235$69,217$67,274$65,403$63,600$57,404
4 years$52,894$50,882$48,958$47,119$45,360$39,419
5 years$41,892$39,892$37,993$36,192$34,482$28,812
6 years$34,560$32,575$30,704$28,943$27,285$21,891
7 years$29,325$27,356$25,515$23,796$22,190$17,072
8 years$25,400$23,449$21,639$19,961$18,408$13,564
9 years$22,349$20,417$18,638$17,003$15,503$10,926
10 years$19,910$17,996$16,249$14,657$13,209$8,893
11 years$17,916$16,021$14,305$12,756$11,360$7,298
12 years$16,255$14,380$12,695$11,188$9,844$6,028
13 years$14,850$12,995$11,343$9,878$8,585$5,004
14 years$13,648$11,812$10,191$8,768$7,525$4,172
15 years$12,606$10,791$9,201$7,820$6,626$3,490
16 years$11,696$9,900$8,342$7,002$5,856$2,928
17 years$10,894$9,118$7,591$6,291$5,192$2,461
18 years$10,181$8,425$6,930$5,669$4,617$2,074
19 years$9,545$7,808$6,344$5,123$4,115$1,750
20 years$8,973$7,256$5,822$4,640$3,676$1,478
21 years$8,455$6,759$5,355$4,211$3,289$1,250
22 years$7,986$6,309$4,936$3,829$2,948$1,059
23 years$7,558$5,901$4,557$3,487$2,647$897
24 years$7,166$5,528$4,215$3,180$2,379$761
25 years$6,806$5,188$3,904$2,904$2,141$645
26 years$6,475$4,876$3,620$2,656$1,928$548
27 years$6,168$4,589$3,362$2,431$1,738$465
28 years$5,884$4,324$3,125$2,227$1,569$395
29 years$5,620$4,079$2,908$2,042$1,416$336
30 years$5,374$3,852$2,709$1,874$1,280$285
31 years$5,144$3,642$2,526$1,721$1,157$242
32 years$4,929$3,446$2,356$1,582$1,047$206
33 years$4,728$3,263$2,200$1,455$947$175
34 years$4,539$3,093$2,056$1,339$858$149
35 years$4,361$2,934$1,922$1,232$777$127
36 years$4,193$2,784$1,798$1,135$704$108
37 years$4,035$2,645$1,683$1,046$638$92
38 years$3,885$2,513$1,576$964$578$78
39 years$3,743$2,390$1,476$889$524$66
40 years$3,609$2,274$1,384$820$476$57
41 years$3,482$2,164$1,298$756$432$48
42 years$3,361$2,061$1,217$698$392$41
43 years$3,246$1,964$1,142$644$355$35
44 years$3,137$1,872$1,072$595$323$30
45 years$3,032$1,785$1,007$549$293$25
46 years$2,933$1,703$946$507$266$21
47 years$2,838$1,625$888$469$241$18
48 years$2,747$1,551$835$433$219$16
49 years$2,661$1,482$785$400$199$13
50 years$2,578$1,415$738$370$181$11

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 $2,041 every year, while hoping to spend $32,914 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: 62/25/13 Blend
29$2,640,000$2,640,000$2,640,000$2,640,000
30$2,911,385$2,771,465$2,730,545$3,082,686
31$3,173,326$2,872,247$2,786,998$3,298,634
32$3,460,882$2,976,864$2,844,239$3,530,318
33$3,776,631$3,085,469$2,902,260$3,782,418
34$4,123,412$3,198,222$2,961,051$4,056,915
35$4,504,355$3,315,289$3,020,600$4,355,988
36$4,922,904$3,436,843$3,080,896$4,682,036
37$5,382,858$3,563,066$3,141,923$5,037,699
38$5,888,398$3,694,145$3,203,666$5,425,881
39$6,444,132$3,830,276$3,266,107$5,849,780
40$7,055,138$3,971,663$3,329,226$6,312,916
41$7,727,008$4,118,521$3,393,001$6,819,162
42$8,465,904$4,271,070$3,457,408$7,372,786
43$9,278,616$4,429,542$3,522,421$7,978,481
44$10,172,625$4,594,179$3,588,011$8,641,420
45$11,156,171$4,765,232$3,654,148$9,367,294
46$12,238,336$4,942,964$3,720,797$10,162,373
47$13,429,125$5,127,648$3,787,923$11,033,560
48$14,739,563$5,319,570$3,855,486$11,988,457
49$16,181,796$5,519,027$3,923,442$13,035,436
50$17,769,210$5,726,330$3,991,748$14,183,717
51$19,516,551$5,941,801$4,060,353$15,443,454
52$21,440,069$6,165,780$4,129,205$16,825,831
53$23,557,671$6,398,618$4,198,248$18,343,168
54$25,889,085$6,640,682$4,267,421$20,009,033
55$28,456,053$6,892,356$4,336,661$21,838,372
56$31,282,529$7,154,040$4,405,898$23,847,648
57$34,394,910$7,426,152$4,475,059$26,054,996
58$37,822,284$7,709,126$4,544,066$28,480,393
59$41,596,701$8,003,417$4,612,836$31,145,847
60$45,753,479$8,309,499$4,681,281$34,075,600
61$50,331,537$8,627,868$4,749,307$37,296,361
62$55,373,761$8,959,040$4,816,815$40,837,553
63$60,927,405$9,303,554$4,883,700$44,731,591
64$67,044,546$9,661,974$4,949,849$49,014,186
65$73,782,565$10,034,886$5,015,144$53,724,684
66$81,204,695$10,422,904$5,079,460$58,906,432
67$89,380,616$10,826,668$5,142,664$64,607,189
68$98,387,112$11,246,848$5,204,617$70,879,572
69$108,308,796$11,684,142$5,265,170$77,781,556
70$119,238,906$12,139,278$5,324,166$85,377,017
71$131,280,190$12,613,018$5,381,441$93,736,333
72$144,545,871$13,106,158$5,436,821$102,937,047
73$159,160,717$13,619,526$5,490,121$113,064,601
74$175,262,219$14,153,992$5,541,149$124,213,135
75$193,001,888$14,710,460$5,589,701$136,486,377
76$212,546,685$15,289,878$5,635,560$149,998,623
77$234,080,598$15,893,233$5,678,502$164,875,809
78$257,806,376$16,521,558$5,718,289$181,256,700
79$283,947,444$17,175,932$5,754,669$199,294,199
80$312,750,012$17,857,482$5,787,380$219,156,787
81$344,485,401$18,567,386$5,816,145$241,030,114
82$379,452,598$19,306,874$5,840,672$265,118,743
83$417,981,084$20,077,232$5,860,655$291,648,085
84$460,433,942$20,879,803$5,875,775$320,866,524
85$507,211,283$21,715,993$5,885,692$353,047,753
86$558,754,026$22,587,268$5,890,054$388,493,364
87$615,548,054$23,495,162$5,888,489$427,535,686
88$678,128,808$24,441,277$5,880,606$470,540,921
89$747,086,338$25,427,291$5,865,997$517,912,598
90$823,070,869$26,454,953$5,844,233$570,095,382
91$906,798,947$27,526,095$5,814,864$627,579,264
92$999,060,197$28,642,631$5,777,419$690,904,188
93$1,100,724,778$29,806,562$5,731,404$760,665,139
94$1,212,751,601$31,019,979$5,676,302$837,517,763
95$1,336,197,376$32,285,069$5,611,570$922,184,549
96$1,472,226,591$33,604,120$5,536,640$1,015,461,645
97$1,622,122,504$34,979,523$5,450,918$1,118,226,372
98$1,787,299,258$36,413,777$5,353,782$1,231,445,501
99$1,969,315,228$37,909,499$5,244,580$1,356,184,378
100$2,169,887,738$39,469,421$5,122,630$1,493,616,970