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%15.5%
1 years$218,009$216,067$214,172$212,323$210,517$205,762
2 years$107,925$105,915$103,967$102,078$100,246$95,481
3 years$71,235$69,217$67,274$65,403$63,600$58,974
4 years$52,894$50,882$48,958$47,119$45,360$40,908
5 years$41,892$39,892$37,993$36,192$34,482$30,217
6 years$34,560$32,575$30,704$28,943$27,285$23,211
7 years$29,325$27,356$25,515$23,796$22,190$18,308
8 years$25,400$23,449$21,639$19,961$18,408$14,717
9 years$22,349$20,417$18,638$17,003$15,503$11,999
10 years$19,910$17,996$16,249$14,657$13,209$9,890
11 years$17,916$16,021$14,305$12,756$11,360$8,220
12 years$16,255$14,380$12,695$11,188$9,844$6,879
13 years$14,850$12,995$11,343$9,878$8,585$5,788
14 years$13,648$11,812$10,191$8,768$7,525$4,893
15 years$12,606$10,791$9,201$7,820$6,626$4,150
16 years$11,696$9,900$8,342$7,002$5,856$3,532
17 years$10,894$9,118$7,591$6,291$5,192$3,013
18 years$10,181$8,425$6,930$5,669$4,617$2,576
19 years$9,545$7,808$6,344$5,123$4,115$2,206
20 years$8,973$7,256$5,822$4,640$3,676$1,893
21 years$8,455$6,759$5,355$4,211$3,289$1,626
22 years$7,986$6,309$4,936$3,829$2,948$1,398
23 years$7,558$5,901$4,557$3,487$2,647$1,203
24 years$7,166$5,528$4,215$3,180$2,379$1,037
25 years$6,806$5,188$3,904$2,904$2,141$894
26 years$6,475$4,876$3,620$2,656$1,928$771
27 years$6,168$4,589$3,362$2,431$1,738$665
28 years$5,884$4,324$3,125$2,227$1,569$574
29 years$5,620$4,079$2,908$2,042$1,416$496
30 years$5,374$3,852$2,709$1,874$1,280$429
31 years$5,144$3,642$2,526$1,721$1,157$370
32 years$4,929$3,446$2,356$1,582$1,047$320
33 years$4,728$3,263$2,200$1,455$947$277
34 years$4,539$3,093$2,056$1,339$858$239
35 years$4,361$2,934$1,922$1,232$777$207
36 years$4,193$2,784$1,798$1,135$704$179
37 years$4,035$2,645$1,683$1,046$638$155
38 years$3,885$2,513$1,576$964$578$134
39 years$3,743$2,390$1,476$889$524$116
40 years$3,609$2,274$1,384$820$476$100
41 years$3,482$2,164$1,298$756$432$87
42 years$3,361$2,061$1,217$698$392$75
43 years$3,246$1,964$1,142$644$355$65
44 years$3,137$1,872$1,072$595$323$56
45 years$3,032$1,785$1,007$549$293$49
46 years$2,933$1,703$946$507$266$42
47 years$2,838$1,625$888$469$241$37
48 years$2,747$1,551$835$433$219$32
49 years$2,661$1,482$785$400$199$27
50 years$2,578$1,415$738$370$181$24

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 $2,467 every year, while hoping to spend $55,859 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: 39/33/28 Blend
29$2,640,000$2,640,000$2,640,000$2,640,000
30$2,911,825$2,771,905$2,730,985$3,001,120
31$3,149,397$2,848,294$2,763,039$3,142,993
32$3,409,330$2,926,555$2,794,295$3,290,966
33$3,693,845$3,006,720$2,824,667$3,449,910
34$4,005,388$3,088,820$2,854,065$3,620,863
35$4,346,654$3,172,889$2,882,393$3,804,966
36$4,720,610$3,258,957$2,909,550$4,003,477
37$5,130,523$3,347,057$2,935,431$4,217,779
38$5,579,993$3,437,219$2,959,923$4,449,398
39$6,072,982$3,529,472$2,982,911$4,700,014
40$6,613,856$3,623,847$3,004,268$4,971,478
41$7,207,425$3,720,371$3,023,867$5,265,829
42$7,858,985$3,819,071$3,041,569$5,585,313
43$8,574,370$3,919,975$3,057,231$5,932,406
44$9,360,009$4,023,107$3,070,701$6,309,834
45$10,222,981$4,128,490$3,081,820$6,720,603
46$11,171,086$4,236,147$3,090,422$7,168,026
47$12,212,917$4,346,098$3,096,331$7,655,750
48$13,357,939$4,458,362$3,099,363$8,187,798
49$14,616,582$4,572,955$3,099,325$8,768,603
50$16,000,334$4,689,890$3,096,013$9,403,047
51$17,521,855$4,809,181$3,089,216$10,096,514
52$19,195,089$4,930,836$3,078,710$10,854,937
53$21,035,402$5,054,862$3,064,261$11,684,854
54$23,059,724$5,181,260$3,045,624$12,593,471
55$25,286,705$5,310,031$3,022,542$13,588,730
56$27,736,898$5,441,172$2,994,746$14,679,385
57$30,432,945$5,574,673$2,961,954$15,875,082
58$33,399,796$5,710,522$2,923,869$17,186,455
59$36,664,940$5,848,703$2,880,184$18,625,224
60$40,258,668$5,989,193$2,830,574$20,204,305
61$44,214,353$6,131,965$2,774,700$21,937,935
62$48,568,772$6,276,986$2,712,207$23,841,805
63$53,362,445$6,424,216$2,642,724$25,933,209
64$58,640,022$6,573,610$2,565,862$28,231,210
65$64,450,701$6,725,114$2,481,216$30,756,815
66$70,848,696$6,878,669$2,388,361$33,533,182
67$77,893,744$7,034,204$2,286,851$36,585,831
68$85,651,668$7,191,642$2,176,223$39,942,892
69$94,195,002$7,350,897$2,055,990$43,635,368
70$103,603,673$7,511,871$1,925,647$47,697,430
71$113,965,753$7,674,458$1,784,661$52,166,739
72$125,378,292$7,838,539$1,632,479$57,084,804
73$137,948,232$8,003,982$1,468,522$62,497,375
74$151,793,420$8,170,645$1,292,186$68,454,875
75$167,043,712$8,338,370$1,102,837$75,012,877
76$183,842,206$8,506,986$899,818$82,232,633
77$202,346,588$8,676,304$682,438$90,181,648
78$222,730,620$8,846,123$449,980$98,934,323
79$245,185,780$9,016,220$201,691$108,572,660
80$269,923,070$9,186,356$0$119,187,033
81$297,175,007$9,356,271$0$130,895,953
82$327,197,815$9,525,685$0$143,855,823
83$360,273,844$9,694,296$0$158,127,567
84$396,714,237$9,861,777$0$173,844,792
85$436,861,862$10,027,777$0$191,154,732
86$481,094,552$10,191,918$0$210,219,640
87$529,828,670$10,353,795$0$231,218,316
88$583,523,035$10,512,972$0$254,347,800
89$642,683,258$10,668,982$0$279,825,230
90$707,866,512$10,821,323$0$307,889,890
91$779,686,789$10,969,460$0$338,805,475
92$858,820,697$11,112,820$0$372,862,576
93$946,013,849$11,250,789$0$410,381,428
94$1,042,087,895$11,382,711$0$451,714,930
95$1,147,948,285$11,507,888$0$497,251,981
96$1,264,592,807$11,625,573$0$547,421,150
97$1,393,121,016$11,734,968$0$602,694,723
98$1,534,744,604$11,835,226$0$663,593,167
99$1,690,798,843$11,925,441$0$730,690,037
100$1,862,755,189$12,004,652$0$804,617,399