Can I retire at age 30 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$199,841$198,061$196,325$194,629$192,974$188,462
2 years$98,931$97,089$95,303$93,572$91,892$87,372
3 years$65,299$63,449$61,667$59,952$58,300$53,913
4 years$48,486$46,641$44,878$43,192$41,580$37,360
5 years$38,401$36,567$34,827$33,176$31,609$27,567
6 years$31,680$29,860$28,146$26,531$25,011$21,152
7 years$26,881$25,076$23,389$21,813$20,341$16,665
8 years$23,283$21,495$19,836$18,298$16,874$13,381
9 years$20,487$18,715$17,085$15,586$14,211$10,897
10 years$18,251$16,497$14,895$13,435$12,108$8,970
11 years$16,423$14,686$13,113$11,693$10,413$7,446
12 years$14,900$13,181$11,638$10,256$9,024$6,223
13 years$13,613$11,912$10,397$9,055$7,869$5,230
14 years$12,510$10,828$9,342$8,038$6,898$4,414
15 years$11,556$9,891$8,435$7,168$6,074$3,739
16 years$10,722$9,075$7,647$6,418$5,368$3,178
17 years$9,986$8,358$6,959$5,767$4,760$2,707
18 years$9,333$7,723$6,352$5,197$4,232$2,311
19 years$8,749$7,158$5,815$4,696$3,772$1,976
20 years$8,225$6,651$5,337$4,253$3,369$1,693
21 years$7,751$6,195$4,909$3,860$3,015$1,452
22 years$7,320$5,783$4,524$3,510$2,703$1,247
23 years$6,928$5,409$4,177$3,196$2,426$1,071
24 years$6,569$5,068$3,863$2,915$2,181$921
25 years$6,239$4,756$3,578$2,662$1,962$793
26 years$5,935$4,470$3,319$2,434$1,767$683
27 years$5,654$4,207$3,082$2,228$1,594$588
28 years$5,394$3,964$2,865$2,041$1,438$507
29 years$5,152$3,739$2,666$1,872$1,298$437
30 years$4,926$3,531$2,483$1,718$1,173$377
31 years$4,716$3,338$2,315$1,578$1,061$325
32 years$4,519$3,159$2,160$1,450$959$281
33 years$4,334$2,991$2,017$1,334$868$242
34 years$4,160$2,835$1,884$1,227$786$209
35 years$3,997$2,689$1,762$1,129$712$181
36 years$3,844$2,552$1,648$1,040$645$156
37 years$3,698$2,424$1,543$958$585$135
38 years$3,561$2,304$1,445$883$530$116
39 years$3,432$2,191$1,353$815$481$101
40 years$3,309$2,084$1,269$751$436$87
41 years$3,192$1,984$1,190$693$396$75
42 years$3,081$1,890$1,116$640$359$65
43 years$2,976$1,800$1,047$591$326$56
44 years$2,875$1,716$983$545$296$48
45 years$2,780$1,636$923$504$268$42
46 years$2,689$1,561$867$465$244$36
47 years$2,602$1,490$814$430$221$31
48 years$2,518$1,422$765$397$201$27
49 years$2,439$1,358$719$367$183$23
50 years$2,363$1,297$676$339$166$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,420,000, adding $4,029 every year, while hoping to spend $24,707 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: 34/44/22 Blend
29$2,420,000$2,420,000$2,420,000$2,420,000
30$2,670,996$2,542,736$2,505,226$2,743,743
31$2,917,149$2,641,042$2,562,863$2,896,387
32$3,187,583$2,743,337$2,621,603$3,058,337
33$3,484,746$2,849,790$2,681,456$3,232,475
34$3,811,338$2,960,578$2,742,434$3,419,899
35$4,170,335$3,075,887$2,804,545$3,621,810
36$4,565,011$3,195,907$2,867,800$3,839,526
37$4,998,978$3,320,842$2,932,206$4,074,495
38$5,476,212$3,450,902$2,997,773$4,328,306
39$6,001,094$3,586,305$3,064,508$4,602,705
40$6,578,454$3,727,282$3,132,416$4,899,607
41$7,213,609$3,874,072$3,201,506$5,221,118
42$7,912,421$4,026,925$3,271,780$5,569,550
43$8,681,347$4,186,104$3,343,244$5,947,445
44$9,527,503$4,351,881$3,415,900$6,357,595
45$10,458,727$4,524,541$3,489,752$6,803,069
46$11,483,657$4,704,384$3,564,798$7,287,243
47$12,611,812$4,891,720$3,641,041$7,813,826
48$13,853,678$5,086,876$3,718,477$8,386,898
49$15,220,812$5,290,192$3,797,105$9,010,945
50$16,725,946$5,502,023$3,876,919$9,690,900
51$18,383,111$5,722,740$3,957,915$10,432,192
52$20,207,767$5,952,733$4,040,084$11,240,791
53$22,216,950$6,192,408$4,123,417$12,123,264
54$24,429,431$6,442,188$4,207,904$13,086,839
55$26,865,895$6,702,518$4,293,531$14,139,468
56$29,549,136$6,973,861$4,380,284$15,289,901
57$32,504,269$7,256,701$4,468,145$16,547,770
58$35,758,971$7,551,546$4,557,094$17,923,673
59$39,343,740$7,858,925$4,647,110$19,429,276
60$43,292,181$8,179,393$4,738,168$21,077,423
61$47,641,329$8,513,528$4,830,242$22,882,249
62$52,431,989$8,861,935$4,923,300$24,859,317
63$57,709,131$9,225,249$5,017,309$27,025,760
64$63,522,308$9,604,132$5,112,234$29,400,443
65$69,926,124$9,999,275$5,208,035$32,004,136
66$76,980,752$10,411,403$5,304,668$34,859,709
67$84,752,501$10,841,274$5,402,086$37,992,345
68$93,314,439$11,289,679$5,500,239$41,429,776
69$102,747,086$11,757,448$5,599,071$45,202,540
70$113,139,172$12,245,446$5,698,523$49,344,271
71$124,588,475$12,754,580$5,798,531$53,892,007
72$137,202,743$13,285,799$5,899,027$58,886,543
73$151,100,714$13,840,094$5,999,935$64,372,807
74$166,413,232$14,418,504$6,101,178$70,400,285
75$183,284,484$15,022,113$6,202,670$77,023,483
76$201,873,363$15,652,058$6,304,320$84,302,440
77$222,354,964$16,309,527$6,406,033$92,303,287
78$244,922,239$16,995,763$6,507,704$101,098,869
79$269,787,820$17,712,067$6,609,224$110,769,431
80$297,186,020$18,459,801$6,710,476$121,403,368
81$327,375,051$19,240,388$6,811,334$133,098,055
82$360,639,460$20,055,321$6,911,667$145,960,765
83$397,292,811$20,906,158$7,011,335$160,109,672
84$437,680,650$21,794,532$7,110,186$175,674,966
85$482,183,764$22,722,151$7,208,065$192,800,072
86$531,221,775$23,690,804$7,304,803$211,643,001
87$585,257,104$24,702,362$7,400,222$232,377,839
88$644,799,335$25,758,783$7,494,135$255,196,376
89$710,410,022$26,862,118$7,586,343$280,309,917
90$782,707,995$28,014,513$7,676,637$307,951,270
91$862,375,201$29,218,214$7,764,794$338,376,931
92$950,163,137$30,475,573$7,850,581$371,869,506
93$1,046,899,952$31,789,051$7,933,750$408,740,364
94$1,153,498,257$33,161,224$8,014,041$449,332,573
95$1,270,963,747$34,594,792$8,091,179$494,024,131
96$1,400,404,689$36,092,577$8,164,873$543,231,520
97$1,543,042,391$37,657,536$8,234,820$597,413,636
98$1,700,222,726$39,292,766$8,300,697$657,076,107
99$1,873,428,840$41,001,508$8,362,167$722,776,058
100$2,064,295,154$42,787,155$8,418,872$795,127,359