Can I retire at age 30 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$218,009$216,067$214,172$212,323$210,517$209,103
2 years$107,925$105,915$103,967$102,078$100,246$98,820
3 years$71,235$69,217$67,274$65,403$63,600$62,206
4 years$52,894$50,882$48,958$47,119$45,360$44,009
5 years$41,892$39,892$37,993$36,192$34,482$33,178
6 years$34,560$32,575$30,704$28,943$27,285$26,028
7 years$29,325$27,356$25,515$23,796$22,190$20,983
8 years$25,400$23,449$21,639$19,961$18,408$17,251
9 years$22,349$20,417$18,638$17,003$15,503$14,393
10 years$19,910$17,996$16,249$14,657$13,209$12,148
11 years$17,916$16,021$14,305$12,756$11,360$10,347
12 years$16,255$14,380$12,695$11,188$9,844$8,878
13 years$14,850$12,995$11,343$9,878$8,585$7,663
14 years$13,648$11,812$10,191$8,768$7,525$6,648
15 years$12,606$10,791$9,201$7,820$6,626$5,792
16 years$11,696$9,900$8,342$7,002$5,856$5,065
17 years$10,894$9,118$7,591$6,291$5,192$4,442
18 years$10,181$8,425$6,930$5,669$4,617$3,906
19 years$9,545$7,808$6,344$5,123$4,115$3,442
20 years$8,973$7,256$5,822$4,640$3,676$3,040
21 years$8,455$6,759$5,355$4,211$3,289$2,689
22 years$7,986$6,309$4,936$3,829$2,948$2,382
23 years$7,558$5,901$4,557$3,487$2,647$2,113
24 years$7,166$5,528$4,215$3,180$2,379$1,876
25 years$6,806$5,188$3,904$2,904$2,141$1,668
26 years$6,475$4,876$3,620$2,656$1,928$1,484
27 years$6,168$4,589$3,362$2,431$1,738$1,321
28 years$5,884$4,324$3,125$2,227$1,569$1,177
29 years$5,620$4,079$2,908$2,042$1,416$1,049
30 years$5,374$3,852$2,709$1,874$1,280$936
31 years$5,144$3,642$2,526$1,721$1,157$835
32 years$4,929$3,446$2,356$1,582$1,047$746
33 years$4,728$3,263$2,200$1,455$947$666
34 years$4,539$3,093$2,056$1,339$858$595
35 years$4,361$2,934$1,922$1,232$777$532
36 years$4,193$2,784$1,798$1,135$704$476
37 years$4,035$2,645$1,683$1,046$638$425
38 years$3,885$2,513$1,576$964$578$380
39 years$3,743$2,390$1,476$889$524$340
40 years$3,609$2,274$1,384$820$476$305
41 years$3,482$2,164$1,298$756$432$273
42 years$3,361$2,061$1,217$698$392$244
43 years$3,246$1,964$1,142$644$355$218
44 years$3,137$1,872$1,072$595$323$195
45 years$3,032$1,785$1,007$549$293$175
46 years$2,933$1,703$946$507$266$157
47 years$2,838$1,625$888$469$241$140
48 years$2,747$1,551$835$433$219$126
49 years$2,661$1,482$785$400$199$113
50 years$2,578$1,415$738$370$181$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,640,000, adding $3,701 every year, while hoping to spend $29,205 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: 60/27/13 Blend
29$2,640,000$2,640,000$2,640,000$2,640,000
30$2,913,098$2,773,178$2,732,258$3,078,379
31$3,179,160$2,877,989$2,792,714$3,294,857
32$3,471,381$2,986,958$2,854,218$3,527,277
33$3,792,400$3,100,257$2,916,771$3,780,108
34$4,145,121$3,218,065$2,980,379$4,055,322
35$4,532,745$3,340,573$3,045,044$4,355,090
36$4,958,799$3,467,974$3,110,767$4,681,798
37$5,427,167$3,600,476$3,177,548$5,038,074
38$5,942,130$3,738,291$3,245,388$5,426,808
39$6,508,402$3,881,643$3,314,284$5,851,181
40$7,131,180$4,030,764$3,384,233$6,314,695
41$7,816,188$4,185,899$3,455,232$6,821,202
42$8,569,731$4,347,300$3,527,275$7,374,943
43$9,398,760$4,515,234$3,600,354$7,980,587
44$10,310,929$4,689,975$3,674,462$8,643,274
45$11,314,674$4,871,815$3,749,587$9,368,661
46$12,419,290$5,061,053$3,825,717$10,162,979
47$13,635,019$5,258,006$3,902,840$11,033,086
48$14,973,144$5,463,001$3,980,938$11,986,535
49$16,446,099$5,676,383$4,059,994$13,031,641
50$18,067,585$5,898,510$4,139,988$14,177,564
51$19,852,698$6,129,756$4,220,897$15,434,386
52$21,818,073$6,370,514$4,302,697$16,813,215
53$23,982,039$6,621,191$4,385,359$18,326,283
54$26,364,792$6,882,215$4,468,854$19,987,060
55$28,988,589$7,154,032$4,553,149$21,810,383
56$31,877,953$7,437,107$4,638,207$23,812,596
57$35,059,906$7,731,927$4,723,989$26,011,699
58$38,564,226$8,039,002$4,810,453$28,427,517
59$42,423,726$8,358,861$4,897,551$31,081,893
60$46,674,562$8,692,061$4,985,235$33,998,882
61$51,356,577$9,039,182$5,073,450$37,204,987
62$56,513,676$9,400,830$5,162,139$40,729,401
63$62,194,238$9,777,638$5,251,238$44,604,286
64$68,451,578$10,170,269$5,340,682$48,865,069
65$75,344,442$10,579,416$5,430,398$53,550,781
66$82,937,568$11,005,801$5,520,309$58,704,423
67$91,302,295$11,450,180$5,610,335$64,373,366
68$100,517,235$11,913,345$5,700,387$70,609,801
69$110,669,015$12,396,120$5,790,372$77,471,227
70$121,853,096$12,899,372$5,880,191$85,020,995
71$134,174,672$13,424,001$5,969,737$93,328,902
72$147,749,665$13,970,953$6,058,899$102,471,846
73$162,705,815$14,541,215$6,147,557$112,534,555
74$179,183,892$15,135,818$6,235,585$123,610,379
75$197,339,019$15,755,843$6,322,846$135,802,176
76$217,342,137$16,402,418$6,409,200$149,223,271
77$239,381,622$17,076,722$6,494,494$163,998,532
78$263,665,057$17,779,992$6,578,570$180,265,543
79$290,421,197$18,513,516$6,661,257$198,175,900
80$319,902,127$19,278,646$6,742,376$217,896,639
81$352,385,637$20,076,793$6,821,739$239,611,811
82$388,177,851$20,909,434$6,899,146$263,524,215
83$427,616,110$21,778,114$6,974,385$289,857,312
84$471,072,161$22,684,450$7,047,235$318,857,328
85$518,955,664$23,630,130$7,117,460$350,795,580
86$571,718,060$24,616,925$7,184,813$385,971,027
87$629,856,831$25,646,684$7,249,034$424,713,094
88$693,920,198$26,721,342$7,309,847$467,384,776
89$764,512,295$27,842,924$7,366,963$514,386,062
90$842,298,871$29,013,549$7,420,079$566,157,705
91$928,013,577$30,235,434$7,468,872$623,185,379
92$1,022,464,890$31,510,898$7,513,008$686,004,263
93$1,126,543,746$32,842,369$7,552,130$755,204,082
94$1,241,231,949$34,232,386$7,585,868$831,434,677
95$1,367,611,442$35,683,608$7,613,829$915,412,128
96$1,506,874,519$37,198,815$7,635,602$1,007,925,514
97$1,660,335,082$38,780,918$7,650,756$1,109,844,352
98$1,829,441,042$40,432,965$7,658,838$1,222,126,804
99$2,015,787,991$42,158,143$7,659,372$1,345,828,717
100$2,221,134,263$43,959,789$7,651,858$1,482,113,578