Can I retire at age 30 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$180,848$179,237$177,666$176,132$174,634$168,304
2 years$89,529$87,861$86,245$84,679$83,159$76,851
3 years$59,093$57,418$55,807$54,254$52,759$46,672
4 years$43,878$42,209$40,613$39,087$37,628$31,808
5 years$34,751$33,092$31,517$30,023$28,605$23,066
6 years$28,669$27,022$25,471$24,009$22,634$17,381
7 years$24,326$22,693$21,166$19,739$18,407$13,440
8 years$21,071$19,452$17,951$16,559$15,271$10,584
9 years$18,540$16,937$15,461$14,105$12,860$8,448
10 years$16,516$14,929$13,479$12,158$10,957$6,811
11 years$14,862$13,290$11,867$10,581$9,424$5,536
12 years$13,484$11,929$10,531$9,281$8,166$4,527
13 years$12,319$10,780$9,409$8,194$7,121$3,720
14 years$11,321$9,799$8,454$7,274$6,242$3,069
15 years$10,458$8,951$7,633$6,487$5,496$2,540
16 years$9,703$8,213$6,920$5,808$4,858$2,108
17 years$9,037$7,564$6,297$5,219$4,307$1,753
18 years$8,446$6,989$5,749$4,703$3,830$1,460
19 years$7,918$6,477$5,263$4,250$3,414$1,218
20 years$7,443$6,019$4,830$3,849$3,049$1,017
21 years$7,014$5,607$4,442$3,493$2,729$851
22 years$6,625$5,234$4,094$3,176$2,446$712
23 years$6,270$4,895$3,780$2,892$2,195$596
24 years$5,945$4,586$3,496$2,638$1,973$499
25 years$5,646$4,304$3,238$2,409$1,776$419
26 years$5,371$4,045$3,003$2,203$1,599$351
27 years$5,117$3,807$2,789$2,016$1,442$294
28 years$4,881$3,587$2,593$1,847$1,301$247
29 years$4,662$3,384$2,413$1,694$1,175$207
30 years$4,458$3,196$2,247$1,555$1,062$174
31 years$4,267$3,021$2,095$1,428$960$146
32 years$4,089$2,859$1,955$1,312$868$123
33 years$3,922$2,707$1,825$1,207$786$103
34 years$3,765$2,566$1,705$1,110$711$87
35 years$3,617$2,434$1,594$1,022$644$73
36 years$3,478$2,310$1,491$941$584$61
37 years$3,347$2,194$1,396$867$529$51
38 years$3,223$2,085$1,307$799$480$43
39 years$3,105$1,983$1,225$737$435$36
40 years$2,994$1,886$1,148$680$395$30
41 years$2,888$1,795$1,076$627$358$26
42 years$2,788$1,710$1,010$579$325$21
43 years$2,693$1,629$948$534$295$18
44 years$2,602$1,553$889$493$268$15
45 years$2,516$1,481$835$456$243$13
46 years$2,433$1,413$784$421$221$11
47 years$2,354$1,348$737$389$200$9
48 years$2,279$1,287$692$359$182$8
49 years$2,207$1,229$651$332$165$6
50 years$2,138$1,174$612$307$150$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,190,000, adding $5,419 every year, while hoping to spend $30,806 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: 52/41/7 Blend
29$2,190,000$2,190,000$2,190,000$2,190,000
30$2,418,970$2,302,900$2,268,955$2,540,346
31$2,632,927$2,382,964$2,312,187$2,703,411
32$2,867,676$2,465,920$2,355,836$2,876,845
33$3,125,304$2,551,875$2,399,881$3,064,712
34$3,408,112$2,640,944$2,444,304$3,268,376
35$3,718,633$2,733,243$2,489,082$3,489,339
36$4,059,658$2,828,897$2,534,191$3,729,251
37$4,434,262$2,928,032$2,579,605$3,989,928
38$4,845,832$3,030,780$2,625,297$4,273,364
39$5,298,099$3,137,281$2,671,237$4,581,757
40$5,795,174$3,247,677$2,717,392$4,917,520
41$6,341,586$3,362,117$2,763,729$5,283,311
42$6,942,324$3,480,758$2,810,210$5,682,053
43$7,602,885$3,603,759$2,856,797$6,116,962
44$8,329,326$3,731,289$2,903,445$6,591,579
45$9,128,318$3,863,523$2,950,112$7,109,799
46$10,007,213$4,000,643$2,996,747$7,675,909
47$10,974,112$4,142,837$3,043,301$8,294,629
48$12,037,939$4,290,303$3,089,719$8,971,154
49$13,208,526$4,443,246$3,135,942$9,711,202
50$14,496,709$4,601,878$3,181,910$10,521,071
51$15,914,426$4,766,422$3,227,556$11,407,691
52$17,474,829$4,937,109$3,272,811$12,378,694
53$19,192,414$5,114,180$3,317,602$13,442,485
54$21,083,149$5,297,884$3,361,851$14,608,316
55$23,164,633$5,488,482$3,405,476$15,886,379
56$25,456,254$5,686,247$3,448,388$17,287,895
57$27,979,379$5,891,460$3,490,496$18,825,222
58$30,757,550$6,104,415$3,531,702$20,511,971
59$33,816,709$6,325,421$3,571,903$22,363,132
60$37,185,442$6,554,795$3,610,990$24,395,215
61$40,895,247$6,792,870$3,648,848$26,626,407
62$44,980,835$7,039,993$3,685,357$29,076,736
63$49,480,452$7,296,525$3,720,389$31,768,266
64$54,436,245$7,562,842$3,753,809$34,725,302
65$59,894,655$7,839,334$3,785,475$37,974,614
66$65,906,860$8,126,411$3,815,238$41,545,693
67$72,529,252$8,424,498$3,842,941$45,471,028
68$79,823,975$8,734,038$3,868,419$49,786,407
69$87,859,507$9,055,492$3,891,497$54,531,258
70$96,711,308$9,389,343$3,911,994$59,749,016
71$106,462,532$9,736,091$3,929,716$65,487,533
72$117,204,811$10,096,260$3,944,462$71,799,530
73$129,039,120$10,470,395$3,956,020$78,743,088
74$142,076,730$10,859,064$3,964,166$86,382,199
75$156,440,258$11,262,860$3,968,668$94,787,366
76$172,264,825$11,682,401$3,969,279$104,036,265
77$189,699,329$12,118,331$3,965,742$114,214,481
78$208,907,853$12,571,321$3,957,786$125,416,309
79$230,071,210$13,042,072$3,945,128$137,745,643
80$253,388,655$13,531,315$3,927,471$151,316,958
81$279,079,759$14,039,811$3,904,503$166,256,383
82$307,386,489$14,568,356$3,875,898$182,702,891
83$338,575,483$15,117,778$3,841,313$200,809,610
84$372,940,576$15,688,942$3,800,391$220,745,265
85$410,805,565$16,282,751$3,752,754$242,695,767
86$452,527,273$16,900,146$3,698,011$266,865,965
87$498,498,910$17,542,108$3,635,750$293,481,578
88$549,153,790$18,209,663$3,565,539$322,791,323
89$604,969,420$18,903,880$3,486,928$355,069,256
90$666,472,006$19,625,875$3,399,445$390,617,363
91$734,241,420$20,376,812$3,302,596$429,768,397
92$808,916,676$21,157,907$3,195,864$472,889,027
93$891,201,961$21,970,429$3,078,710$520,383,285
94$981,873,282$22,815,701$2,950,568$572,696,385
95$1,081,785,793$23,695,106$2,810,848$630,318,916
96$1,191,881,866$24,610,088$2,658,933$693,791,470
97$1,313,199,986$25,562,152$2,494,177$763,709,745
98$1,446,884,559$26,552,872$2,315,906$840,730,158
99$1,594,196,711$27,583,889$2,123,416$925,576,040
100$1,756,526,194$28,656,920$1,915,970$1,019,044,462