Can I retire at age 30 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$198,190$196,424$194,702$193,021$191,379$186,677
2 years$98,114$96,286$94,516$92,799$91,133$86,425
3 years$64,759$62,924$61,158$59,457$57,819$53,251
4 years$48,086$46,256$44,507$42,835$41,237$36,845
5 years$38,084$36,265$34,539$32,902$31,347$27,145
6 years$31,418$29,613$27,913$26,312$24,804$20,794
7 years$26,659$24,869$23,196$21,632$20,172$16,355
8 years$23,091$21,318$19,672$18,147$16,735$13,109
9 years$20,318$18,561$16,943$15,457$14,093$10,656
10 years$18,100$16,360$14,772$13,324$12,008$8,755
11 years$16,287$14,565$13,005$11,596$10,327$7,254
12 years$14,777$13,072$11,541$10,171$8,950$6,051
13 years$13,500$11,814$10,311$8,980$7,804$5,075
14 years$12,407$10,738$9,265$7,971$6,841$4,275
15 years$11,460$9,810$8,365$7,109$6,023$3,614
16 years$10,633$9,000$7,584$6,365$5,324$3,064
17 years$9,904$8,289$6,901$5,719$4,720$2,605
18 years$9,256$7,659$6,300$5,154$4,197$2,219
19 years$8,677$7,099$5,767$4,657$3,741$1,893
20 years$8,157$6,596$5,293$4,218$3,341$1,618
21 years$7,687$6,144$4,868$3,828$2,990$1,384
22 years$7,260$5,735$4,487$3,481$2,680$1,186
23 years$6,871$5,364$4,143$3,170$2,406$1,017
24 years$6,515$5,026$3,832$2,891$2,163$872
25 years$6,188$4,717$3,549$2,640$1,946$749
26 years$5,886$4,433$3,291$2,414$1,753$644
27 years$5,607$4,172$3,056$2,210$1,580$553
28 years$5,349$3,931$2,841$2,025$1,426$476
29 years$5,109$3,708$2,644$1,857$1,288$409
30 years$4,885$3,502$2,463$1,704$1,163$352
31 years$4,677$3,311$2,296$1,565$1,052$303
32 years$4,481$3,133$2,142$1,438$951$261
33 years$4,298$2,967$2,000$1,323$861$225
34 years$4,126$2,812$1,869$1,217$780$193
35 years$3,964$2,667$1,747$1,120$706$167
36 years$3,812$2,531$1,634$1,032$640$143
37 years$3,668$2,404$1,530$951$580$124
38 years$3,532$2,285$1,433$876$526$107
39 years$3,403$2,173$1,342$808$477$92
40 years$3,281$2,067$1,258$745$432$79
41 years$3,165$1,968$1,180$687$392$68
42 years$3,056$1,874$1,107$634$356$59
43 years$2,951$1,785$1,038$586$323$51
44 years$2,852$1,702$975$541$293$44
45 years$2,757$1,623$915$499$266$38
46 years$2,666$1,548$860$461$242$32
47 years$2,580$1,477$808$426$219$28
48 years$2,498$1,410$759$394$199$24
49 years$2,419$1,347$713$364$181$21
50 years$2,343$1,287$671$336$164$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,400,000, adding $3,829 every year, while hoping to spend $37,501 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: 41/37/22 Blend
29$2,400,000$2,400,000$2,400,000$2,400,000
30$2,648,750$2,521,550$2,484,350$2,740,048
31$2,879,021$2,605,205$2,527,675$2,889,361
32$3,131,524$2,691,702$2,571,194$3,046,999
33$3,408,485$2,781,141$2,614,875$3,216,868
34$3,712,359$2,873,626$2,658,682$3,400,111
35$4,045,849$2,969,263$2,702,577$3,597,981
36$4,411,932$3,068,163$2,746,519$3,811,858
37$4,813,887$3,170,441$2,790,466$4,043,258
38$5,255,329$3,276,218$2,834,372$4,293,849
39$5,740,235$3,385,615$2,878,186$4,565,468
40$6,272,991$3,498,763$2,921,857$4,860,131
41$6,858,427$3,615,793$2,965,330$5,180,062
42$7,501,863$3,736,843$3,008,546$5,527,704
43$8,209,162$3,862,058$3,051,441$5,905,747
44$8,986,782$3,991,584$3,093,949$6,317,153
45$9,841,838$4,125,576$3,136,001$6,765,178
46$10,782,170$4,264,193$3,177,521$7,253,411
47$11,816,414$4,407,601$3,218,431$7,785,801
48$12,954,086$4,555,971$3,258,646$8,366,694
49$14,205,672$4,709,483$3,298,080$9,000,877
50$15,582,722$4,868,320$3,336,637$9,693,620
51$17,097,967$5,032,674$3,374,221$10,450,726
52$18,765,428$5,202,744$3,410,727$11,278,586
53$20,600,561$5,378,737$3,446,045$12,184,236
54$22,620,390$5,560,868$3,480,060$13,175,427
55$24,843,677$5,749,357$3,512,649$14,260,693
56$27,291,093$5,944,437$3,543,684$15,449,436
57$29,985,417$6,146,346$3,573,029$16,752,008
58$32,951,746$6,355,334$3,600,543$18,179,815
59$36,217,738$6,571,659$3,626,074$19,745,418
60$39,813,865$6,795,588$3,649,466$21,462,654
61$43,773,708$7,027,401$3,670,551$23,346,766
62$48,134,268$7,267,385$3,689,156$25,414,544
63$52,936,317$7,515,841$3,705,097$27,684,485
64$58,224,785$7,773,081$3,718,182$30,176,966
65$64,049,179$8,039,428$3,728,206$32,914,436
66$70,464,053$8,315,217$3,734,959$35,921,625
67$77,529,523$8,600,800$3,738,217$39,225,780
68$85,311,832$8,896,537$3,737,745$42,856,918
69$93,883,977$9,202,805$3,733,298$46,848,112
70$103,326,397$9,519,996$3,724,617$51,235,799
71$113,727,730$9,848,517$3,711,432$56,060,124
72$125,185,654$10,188,789$3,693,461$61,365,319
73$137,807,803$10,541,253$3,670,404$67,200,119
74$151,712,788$10,906,363$3,641,951$73,618,222
75$167,031,311$11,284,594$3,607,776$80,678,790
76$183,907,404$11,676,438$3,567,536$88,447,015
77$202,499,785$12,082,409$3,520,873$96,994,726
78$222,983,353$12,503,037$3,467,413$106,401,067
79$245,550,846$12,938,877$3,406,762$116,753,248
80$270,414,654$13,390,503$3,338,510$128,147,360
81$297,808,825$13,858,514$3,262,227$140,689,285
82$327,991,276$14,343,532$3,177,462$154,495,696
83$361,246,224$14,846,203$3,083,745$169,695,152
84$397,886,872$15,367,200$2,980,584$186,429,313
85$438,258,362$15,907,223$2,867,462$204,854,275
86$482,741,036$16,466,997$2,743,843$225,142,047
87$531,754,022$17,047,281$2,609,163$247,482,163
88$585,759,195$17,648,861$2,462,833$272,083,481
89$645,265,533$18,272,555$2,304,238$299,176,145
90$710,833,923$18,919,216$2,132,735$329,013,761
91$783,082,455$19,589,729$1,947,654$361,875,784
92$862,692,257$20,285,017$1,748,291$398,070,161
93$950,413,923$21,006,039$1,533,915$437,936,233
94$1,047,074,601$21,753,793$1,303,759$481,847,935
95$1,153,585,800$22,529,318$1,057,025$530,217,327
96$1,270,951,993$23,333,696$792,876$583,498,480
97$1,400,280,102$24,168,053$510,443$642,191,763
98$1,542,789,945$25,033,560$208,816$706,848,564
99$1,699,825,752$25,931,437$0$778,076,489
100$1,872,868,854$26,862,953$0$856,571,647