Can I retire at age 30 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$203,145$201,335$199,570$197,846$196,164$188,754
2 years$100,567$98,694$96,878$95,118$93,411$86,032
3 years$66,378$64,497$62,687$60,943$59,264$52,147
4 years$49,288$47,412$45,620$43,906$42,268$35,468
5 years$39,036$37,172$35,403$33,724$32,131$25,666
6 years$32,204$30,354$28,611$26,970$25,424$19,298
7 years$27,325$25,491$23,776$22,173$20,677$14,888
8 years$23,668$21,850$20,164$18,600$17,153$11,696
9 years$20,825$19,025$17,367$15,843$14,446$9,312
10 years$18,552$16,769$15,141$13,657$12,308$7,490
11 years$16,694$14,929$13,330$11,886$10,586$6,071
12 years$15,146$13,399$11,830$10,426$9,173$4,951
13 years$13,838$12,109$10,569$9,204$7,999$4,058
14 years$12,717$11,007$9,496$8,170$7,012$3,338
15 years$11,747$10,055$8,574$7,287$6,174$2,755
16 years$10,899$9,225$7,774$6,524$5,457$2,280
17 years$10,151$8,496$7,074$5,862$4,838$1,890
18 years$9,487$7,851$6,457$5,283$4,302$1,570
19 years$8,894$7,276$5,911$4,774$3,834$1,306
20 years$8,361$6,761$5,425$4,323$3,425$1,087
21 years$7,879$6,298$4,990$3,924$3,065$906
22 years$7,441$5,879$4,599$3,568$2,747$756
23 years$7,043$5,498$4,247$3,249$2,466$631
24 years$6,678$5,152$3,927$2,963$2,217$527
25 years$6,342$4,834$3,637$2,706$1,995$440
26 years$6,033$4,544$3,374$2,474$1,797$368
27 years$5,748$4,276$3,133$2,265$1,620$308
28 years$5,483$4,029$2,912$2,075$1,462$257
29 years$5,237$3,801$2,710$1,903$1,320$215
30 years$5,007$3,590$2,524$1,746$1,193$180
31 years$4,793$3,394$2,353$1,604$1,078$151
32 years$4,593$3,211$2,196$1,474$975$126
33 years$4,405$3,041$2,050$1,356$883$106
34 years$4,229$2,882$1,916$1,247$799$88
35 years$4,063$2,734$1,791$1,148$724$74
36 years$3,907$2,595$1,675$1,057$656$62
37 years$3,760$2,464$1,568$974$594$52
38 years$3,620$2,342$1,468$898$539$43
39 years$3,488$2,227$1,376$828$489$36
40 years$3,363$2,119$1,290$764$443$30
41 years$3,245$2,017$1,209$705$402$26
42 years$3,132$1,921$1,134$650$365$21
43 years$3,025$1,830$1,064$600$331$18
44 years$2,923$1,744$999$554$301$15
45 years$2,826$1,664$938$512$273$13
46 years$2,733$1,587$881$473$248$11
47 years$2,645$1,514$828$437$225$9
48 years$2,560$1,446$778$404$204$7
49 years$2,479$1,381$731$373$186$6
50 years$2,402$1,319$687$345$169$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,460,000, adding $5,994 every year, while hoping to spend $59,406 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: 66/18/16 Blend
29$2,460,000$2,460,000$2,460,000$2,460,000
30$2,717,103$2,586,723$2,548,593$2,885,560
31$2,931,040$2,650,265$2,570,763$3,062,480
32$3,164,807$2,714,929$2,591,685$3,248,335
33$3,420,365$2,780,708$2,611,254$3,450,032
34$3,699,872$2,847,592$2,629,361$3,669,118
35$4,005,703$2,915,568$2,645,888$3,907,301
36$4,340,475$2,984,621$2,660,715$4,166,462
37$4,707,068$3,054,733$2,673,714$4,448,670
38$5,108,656$3,125,881$2,684,751$4,756,207
39$5,548,732$3,198,043$2,693,683$5,091,587
40$6,031,143$3,271,188$2,700,362$5,457,579
41$6,560,129$3,345,285$2,704,634$5,857,233
42$7,140,356$3,420,298$2,706,333$6,293,910
43$7,776,966$3,496,187$2,705,289$6,771,314
44$8,475,622$3,572,905$2,701,321$7,293,525
45$9,242,560$3,650,402$2,694,240$7,865,040
46$10,084,653$3,728,623$2,683,849$8,490,813
47$11,009,469$3,807,507$2,669,939$9,176,303
48$12,025,345$3,886,986$2,652,293$9,927,526
49$13,141,468$3,966,985$2,630,682$10,751,111
50$14,367,956$4,047,426$2,604,868$11,654,364
51$15,715,956$4,128,218$2,574,600$12,645,334
52$17,197,750$4,209,267$2,539,615$13,732,893
53$18,826,868$4,290,469$2,499,640$14,926,816
54$20,618,217$4,371,711$2,454,386$16,237,878
55$22,588,221$4,452,870$2,403,553$17,677,951
56$24,754,973$4,533,814$2,346,827$19,260,119
57$27,138,411$4,614,402$2,283,876$20,998,800
58$29,760,501$4,694,479$2,214,357$22,909,886
59$32,645,443$4,773,880$2,137,910$25,010,889
60$35,819,905$4,852,427$2,054,156$27,321,107
61$39,313,268$4,929,928$1,962,703$29,861,809
62$43,157,905$5,006,178$1,863,137$32,656,436
63$47,389,488$5,080,958$1,755,029$35,730,818
64$52,047,321$5,154,030$1,637,928$39,113,424
65$57,174,712$5,225,141$1,511,362$42,835,628
66$62,819,381$5,294,022$1,374,842$46,932,006
67$69,033,912$5,360,383$1,227,853$51,440,664
68$75,876,244$5,423,915$1,069,859$56,403,594
69$83,410,221$5,484,287$900,300$61,867,079
70$91,706,194$5,541,148$718,590$67,882,122
71$100,841,682$5,594,120$524,119$74,504,934
72$110,902,106$5,642,805$316,250$81,797,462
73$121,981,593$5,686,773$94,315$89,827,975
74$134,183,862$5,725,572$0$98,671,713
75$147,623,207$5,758,716$0$108,435,924
76$162,425,572$5,785,691$0$119,206,420
77$178,729,739$5,805,949$0$131,067,918
78$196,688,639$5,818,908$0$144,131,537
79$216,470,794$5,823,948$0$158,519,728
80$238,261,906$5,820,412$0$174,367,432
81$262,266,611$5,807,603$0$191,823,352
82$288,710,408$5,784,778$0$211,051,358
83$317,841,790$5,751,152$0$232,232,033
84$349,934,585$5,705,891$0$255,564,380
85$385,290,542$5,648,109$0$281,267,701
86$424,242,179$5,576,868$0$309,583,663
87$467,155,921$5,491,175$0$340,778,586
88$514,435,558$5,389,975$0$375,145,955
89$566,526,055$5,272,154$0$413,009,190
90$623,917,751$5,136,528$0$454,724,701
91$687,150,991$4,981,847$0$500,685,253
92$756,821,220$4,806,786$0$551,323,676
93$833,584,609$4,609,943$0$607,116,948
94$918,164,244$4,389,834$0$668,590,705
95$1,011,356,953$4,144,892$0$736,324,198
96$1,114,040,826$3,873,456$0$810,955,765
97$1,227,183,507$3,573,772$0$893,188,860
98$1,351,851,322$3,243,984$0$983,798,692
99$1,489,219,350$2,882,133$0$1,083,639,547
100$1,640,582,512$2,486,145$0$1,193,652,856