Can I retire at age 30 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$200,667$198,880$197,136$195,434$193,772$190,876
2 years$99,340$97,490$95,697$93,958$92,272$89,361
3 years$65,569$63,711$61,922$60,200$58,541$55,706
4 years$48,687$46,834$45,064$43,371$41,752$39,014
5 years$38,560$36,719$34,971$33,313$31,739$29,106
6 years$31,811$29,983$28,262$26,641$25,114$22,590
7 years$26,992$25,180$23,486$21,903$20,425$18,009
8 years$23,380$21,584$19,918$18,374$16,944$14,637
9 years$20,571$18,793$17,155$15,650$14,269$12,070
10 years$18,326$16,565$14,956$13,491$12,158$10,065
11 years$16,490$14,747$13,167$11,741$10,457$8,467
12 years$14,962$13,236$11,686$10,298$9,061$7,173
13 years$13,669$11,961$10,440$9,092$7,902$6,112
14 years$12,562$10,873$9,381$8,071$6,927$5,233
15 years$11,604$9,932$8,469$7,198$6,099$4,498
16 years$10,766$9,113$7,679$6,445$5,390$3,879
17 years$10,027$8,392$6,987$5,791$4,779$3,355
18 years$9,372$7,755$6,379$5,218$4,249$2,908
19 years$8,786$7,187$5,839$4,715$3,788$2,526
20 years$8,259$6,679$5,359$4,271$3,383$2,198
21 years$7,783$6,221$4,929$3,876$3,028$1,915
22 years$7,351$5,807$4,543$3,524$2,714$1,671
23 years$6,957$5,431$4,195$3,209$2,436$1,460
24 years$6,596$5,089$3,879$2,927$2,190$1,277
25 years$6,265$4,775$3,593$2,673$1,970$1,117
26 years$5,960$4,488$3,332$2,444$1,775$978
27 years$5,677$4,224$3,094$2,237$1,600$857
28 years$5,416$3,980$2,877$2,050$1,444$752
29 years$5,173$3,755$2,677$1,880$1,304$659
30 years$4,946$3,546$2,494$1,725$1,178$579
31 years$4,735$3,352$2,325$1,584$1,065$508
32 years$4,537$3,172$2,169$1,456$963$446
33 years$4,352$3,004$2,025$1,339$872$392
34 years$4,178$2,847$1,892$1,232$789$344
35 years$4,014$2,700$1,769$1,134$715$303
36 years$3,859$2,563$1,655$1,045$648$266
37 years$3,714$2,434$1,549$962$587$234
38 years$3,576$2,313$1,451$887$532$206
39 years$3,446$2,200$1,359$818$483$181
40 years$3,322$2,093$1,274$754$438$159
41 years$3,205$1,992$1,194$696$397$140
42 years$3,094$1,897$1,120$642$360$123
43 years$2,988$1,808$1,051$593$327$108
44 years$2,887$1,723$987$548$297$95
45 years$2,791$1,643$927$506$270$84
46 years$2,700$1,568$870$467$245$74
47 years$2,612$1,496$818$432$222$65
48 years$2,529$1,428$768$399$202$57
49 years$2,449$1,364$722$369$183$50
50 years$2,373$1,303$679$341$166$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,430,000, adding $4,355 every year, while hoping to spend $29,761 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: 68/15/17 Blend
29$2,430,000$2,430,000$2,430,000$2,430,000
30$2,682,352$2,553,562$2,515,897$2,853,511
31$2,924,287$2,647,021$2,568,514$3,061,737
32$3,189,901$2,744,062$2,621,897$3,285,508
33$3,481,579$2,844,830$2,676,038$3,529,533
34$3,801,947$2,949,473$2,730,932$3,795,802
35$4,153,898$3,058,149$2,786,571$4,086,505
36$4,540,618$3,171,022$2,842,944$4,404,056
37$4,965,619$3,288,260$2,900,041$4,751,110
38$5,432,769$3,410,041$2,957,849$5,130,591
39$5,946,329$3,536,551$3,016,354$5,545,720
40$6,510,994$3,667,981$3,075,541$6,000,042
41$7,131,936$3,804,532$3,135,392$6,497,461
42$7,814,853$3,946,415$3,195,888$7,042,279
43$8,566,026$4,093,846$3,257,008$7,639,230
44$9,392,370$4,247,055$3,318,727$8,293,530
45$10,301,510$4,406,278$3,381,022$9,010,924
46$11,301,841$4,571,763$3,443,864$9,797,739
47$12,402,618$4,743,769$3,507,222$10,660,945
48$13,614,036$4,922,564$3,571,065$11,608,219
49$14,947,328$5,108,431$3,635,357$12,648,016
50$16,414,874$5,301,661$3,700,059$13,789,652
51$18,030,310$5,502,563$3,765,131$15,043,388
52$19,808,667$5,711,453$3,830,527$16,420,529
53$21,766,503$5,928,666$3,896,202$17,933,528
54$23,922,064$6,154,549$3,962,103$19,596,103
55$26,295,457$6,389,464$4,028,176$21,423,369
56$28,908,837$6,633,791$4,094,363$23,431,978
57$31,786,616$6,887,924$4,160,601$25,640,274
58$34,955,694$7,152,276$4,226,824$28,068,469
59$38,445,713$7,427,276$4,292,962$30,738,832
60$42,289,337$7,713,374$4,358,937$33,675,895
61$46,522,559$8,011,039$4,424,672$36,906,691
62$51,185,041$8,320,760$4,490,079$40,461,003
63$56,320,487$8,643,049$4,555,068$44,371,646
64$61,977,057$8,978,440$4,619,544$48,674,777
65$68,207,822$9,327,488$4,683,403$53,410,235
66$75,071,262$9,690,777$4,746,539$58,621,914
67$82,631,819$10,068,913$4,808,837$64,358,182
68$90,960,507$10,462,532$4,870,175$70,672,331
69$100,135,578$10,872,296$4,930,425$77,623,083
70$110,243,266$11,298,897$4,989,453$85,275,143
71$121,378,593$11,743,058$5,047,114$93,699,808
72$133,646,276$12,205,533$5,103,259$102,975,637
73$147,161,705$12,687,113$5,157,727$113,189,199
74$162,052,038$13,188,621$5,210,350$124,435,879
75$178,457,400$13,710,917$5,260,950$136,820,786
76$196,532,204$14,254,902$5,309,342$150,459,742
77$216,446,612$14,821,515$5,355,327$165,480,370
78$238,388,135$15,411,738$5,398,699$182,023,304
79$262,563,408$16,026,596$5,439,239$200,243,510
80$289,200,139$16,667,163$5,476,717$220,311,753
81$318,549,257$17,334,558$5,510,891$242,416,203
82$350,887,283$18,029,952$5,541,507$266,764,212
83$386,518,936$18,754,571$5,568,298$293,584,274
84$425,780,014$19,509,691$5,590,983$323,128,171
85$469,040,561$20,296,651$5,609,266$355,673,360
86$516,708,359$21,116,849$5,622,838$391,525,583
87$569,232,781$21,971,744$5,631,373$431,021,754
88$627,109,030$22,862,864$5,634,529$474,533,139
89$690,882,813$23,791,807$5,631,947$522,468,858
90$761,155,495$24,760,240$5,623,252$575,279,746
91$838,589,773$25,769,909$5,608,049$633,462,610
92$923,915,935$26,822,640$5,585,924$697,564,911
93$1,017,938,750$27,920,339$5,556,442$768,189,936
94$1,121,545,069$29,065,003$5,519,150$846,002,490
95$1,235,712,195$30,258,716$5,473,570$931,735,170
96$1,361,517,108$31,503,662$5,419,203$1,026,195,278
97$1,500,146,633$32,802,122$5,355,527$1,130,272,442
98$1,652,908,646$34,156,482$5,281,993$1,244,947,009
99$1,821,244,416$35,569,238$5,198,028$1,371,299,303
100$2,006,742,215$37,043,000$5,103,031$1,510,519,817