Can I retire at age 30 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$201,493$199,698$197,947$196,238$194,569$188,492
2 years$99,749$97,891$96,091$94,345$92,652$86,583
3 years$65,839$63,973$62,177$60,448$58,782$52,912
4 years$48,887$47,027$45,249$43,549$41,924$36,298
5 years$38,719$36,870$35,115$33,450$31,870$26,503
6 years$31,942$30,107$28,378$26,750$25,218$20,115
7 years$27,103$25,284$23,582$21,993$20,509$15,669
8 years$23,476$21,673$20,000$18,449$17,014$12,435
9 years$20,656$18,870$17,226$15,715$14,328$10,004
10 years$18,402$16,633$15,018$13,546$12,208$8,133
11 years$16,558$14,807$13,221$11,789$10,500$6,665
12 years$15,023$13,290$11,734$10,341$9,099$5,498
13 years$13,725$12,011$10,483$9,129$7,934$4,558
14 years$12,614$10,917$9,419$8,104$6,955$3,795
15 years$11,651$9,973$8,504$7,227$6,124$3,170
16 years$10,810$9,150$7,710$6,471$5,412$2,655
17 years$10,069$8,427$7,016$5,814$4,799$2,229
18 years$9,410$7,787$6,405$5,240$4,267$1,875
19 years$8,822$7,217$5,863$4,735$3,803$1,580
20 years$8,293$6,706$5,381$4,288$3,397$1,333
21 years$7,815$6,247$4,950$3,892$3,040$1,126
22 years$7,381$5,831$4,562$3,539$2,725$951
23 years$6,985$5,454$4,212$3,223$2,446$805
24 years$6,623$5,110$3,895$2,939$2,199$681
25 years$6,291$4,795$3,608$2,684$1,978$577
26 years$5,984$4,507$3,346$2,454$1,782$489
27 years$5,701$4,241$3,107$2,247$1,607$415
28 years$5,438$3,997$2,889$2,058$1,450$352
29 years$5,194$3,770$2,688$1,888$1,309$298
30 years$4,967$3,561$2,504$1,732$1,183$253
31 years$4,754$3,366$2,334$1,591$1,069$215
32 years$4,556$3,185$2,178$1,462$967$182
33 years$4,370$3,016$2,033$1,345$875$155
34 years$4,195$2,859$1,900$1,237$793$131
35 years$4,030$2,711$1,776$1,139$718$112
36 years$3,875$2,573$1,662$1,049$650$95
37 years$3,729$2,444$1,555$966$590$80
38 years$3,591$2,323$1,457$891$534$68
39 years$3,460$2,209$1,365$821$485$58
40 years$3,336$2,102$1,279$758$440$49
41 years$3,218$2,000$1,199$699$399$42
42 years$3,106$1,905$1,125$645$362$36
43 years$3,000$1,815$1,056$595$328$30
44 years$2,899$1,730$991$550$298$26
45 years$2,803$1,650$930$508$271$22
46 years$2,711$1,574$874$469$246$19
47 years$2,623$1,502$821$433$223$16
48 years$2,539$1,434$772$400$203$13
49 years$2,459$1,369$725$370$184$11
50 years$2,382$1,308$682$342$167$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,440,000, adding $4,094 every year, while hoping to spend $27,970 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: 38/43/19 Blend
29$2,440,000$2,440,000$2,440,000$2,440,000
30$2,693,103$2,563,783$2,525,963$2,779,941
31$2,938,040$2,659,648$2,580,823$2,938,774
32$3,207,022$2,759,274$2,636,583$3,107,363
33$3,502,474$2,862,814$2,693,244$3,288,981
34$3,827,065$2,970,430$2,750,806$3,484,818
35$4,183,735$3,082,291$2,809,268$3,696,182
36$4,575,724$3,198,571$2,868,627$3,924,508
37$5,006,602$3,319,455$2,928,879$4,171,373
38$5,480,300$3,445,133$2,990,021$4,438,509
39$6,001,150$3,575,804$3,052,046$4,727,819
40$6,573,925$3,711,676$3,114,948$5,041,394
41$7,203,885$3,852,967$3,178,718$5,381,532
42$7,896,821$3,999,903$3,243,345$5,750,760
43$8,659,119$4,152,721$3,308,820$6,151,855
44$9,497,811$4,311,666$3,375,127$6,587,872
45$10,420,647$4,476,997$3,442,253$7,062,168
46$11,436,165$4,648,981$3,510,180$7,578,438
47$12,553,773$4,827,901$3,578,890$8,140,744
48$13,783,837$5,014,047$3,648,363$8,753,554
49$15,137,780$5,207,727$3,718,574$9,421,786
50$16,628,186$5,409,258$3,789,499$10,150,850
51$18,268,924$5,618,975$3,861,110$10,946,696
52$20,075,275$5,837,224$3,933,377$11,815,875
53$22,064,074$6,064,370$4,006,267$12,765,595
54$24,253,877$6,300,792$4,079,744$13,803,791
55$26,665,127$6,546,885$4,153,770$14,939,194
56$29,320,351$6,803,063$4,228,302$16,181,416
57$32,244,372$7,069,758$4,303,296$17,541,038
58$35,464,543$7,347,422$4,378,702$19,029,709
59$39,011,006$7,636,525$4,454,468$20,660,253
60$42,916,975$7,937,561$4,530,539$22,446,790
61$47,219,048$8,251,043$4,606,853$24,404,866
62$51,957,556$8,577,509$4,683,347$26,551,601
63$57,176,939$8,917,520$4,759,952$28,905,843
64$62,926,171$9,271,662$4,836,594$31,488,352
65$69,259,215$9,640,548$4,913,195$34,321,985
66$76,235,539$10,024,819$4,989,671$37,431,919
67$83,920,672$10,425,144$5,065,934$40,845,879
68$92,386,827$10,842,221$5,141,888$44,594,401
69$101,713,575$11,276,782$5,217,434$48,711,118
70$111,988,605$11,729,590$5,292,463$53,233,073
71$123,308,547$12,201,444$5,366,865$58,201,068
72$135,779,881$12,693,177$5,440,517$63,660,047
73$149,519,948$13,205,662$5,513,293$69,659,516
74$164,658,053$13,739,810$5,585,059$76,254,008
75$181,336,687$14,296,573$5,655,671$83,503,593
76$199,712,873$14,876,949$5,724,980$91,474,448
77$219,959,645$15,481,979$5,792,826$100,239,470
78$242,267,683$16,112,750$5,859,040$109,878,967
79$266,847,115$16,770,402$5,923,446$120,481,410
80$293,929,494$17,456,126$5,985,855$132,144,266
81$323,769,991$18,171,165$6,046,069$144,974,913
82$356,649,799$18,916,821$6,103,882$159,091,649
83$392,878,789$19,694,455$6,159,072$174,624,808
84$432,798,432$20,505,490$6,211,408$191,717,980
85$476,785,029$21,351,416$6,260,646$210,529,368
86$525,253,255$22,233,788$6,306,531$231,233,276
87$578,660,078$23,154,235$6,348,792$254,021,743
88$637,509,074$24,114,461$6,387,144$279,106,361
89$702,355,177$25,116,246$6,421,290$306,720,259
90$773,809,917$26,161,454$6,450,915$337,120,300
91$852,547,197$27,252,035$6,475,690$370,589,504
92$939,309,654$28,390,027$6,495,268$407,439,707
93$1,034,915,664$29,577,564$6,509,285$448,014,506
94$1,140,267,075$30,816,877$6,517,359$492,692,490
95$1,256,357,715$32,110,302$6,519,089$541,890,809
96$1,384,282,777$33,460,283$6,514,054$596,069,107
97$1,525,249,158$34,869,374$6,501,812$655,733,849
98$1,680,586,850$36,340,251$6,481,901$721,443,101
99$1,851,761,498$37,875,713$6,453,834$793,811,782
100$2,040,388,236$39,478,689$6,417,103$873,517,467