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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$180,848$179,237$177,666$176,132$174,634$171,953
2 years$89,529$87,861$86,245$84,679$83,159$80,465
3 years$59,093$57,418$55,807$54,254$52,759$50,135
4 years$43,878$42,209$40,613$39,087$37,628$35,095
5 years$34,751$33,092$31,517$30,023$28,605$26,169
6 years$28,669$27,022$25,471$24,009$22,634$20,299
7 years$24,326$22,693$21,166$19,739$18,407$16,174
8 years$21,071$19,452$17,951$16,559$15,271$13,138
9 years$18,540$16,937$15,461$14,105$12,860$10,827
10 years$16,516$14,929$13,479$12,158$10,957$9,023
11 years$14,862$13,290$11,867$10,581$9,424$7,586
12 years$13,484$11,929$10,531$9,281$8,166$6,423
13 years$12,319$10,780$9,409$8,194$7,121$5,469
14 years$11,321$9,799$8,454$7,274$6,242$4,679
15 years$10,458$8,951$7,633$6,487$5,496$4,019
16 years$9,703$8,213$6,920$5,808$4,858$3,464
17 years$9,037$7,564$6,297$5,219$4,307$2,993
18 years$8,446$6,989$5,749$4,703$3,830$2,593
19 years$7,918$6,477$5,263$4,250$3,414$2,251
20 years$7,443$6,019$4,830$3,849$3,049$1,957
21 years$7,014$5,607$4,442$3,493$2,729$1,704
22 years$6,625$5,234$4,094$3,176$2,446$1,486
23 years$6,270$4,895$3,780$2,892$2,195$1,297
24 years$5,945$4,586$3,496$2,638$1,973$1,133
25 years$5,646$4,304$3,238$2,409$1,776$991
26 years$5,371$4,045$3,003$2,203$1,599$867
27 years$5,117$3,807$2,789$2,016$1,442$759
28 years$4,881$3,587$2,593$1,847$1,301$665
29 years$4,662$3,384$2,413$1,694$1,175$583
30 years$4,458$3,196$2,247$1,555$1,062$511
31 years$4,267$3,021$2,095$1,428$960$448
32 years$4,089$2,859$1,955$1,312$868$394
33 years$3,922$2,707$1,825$1,207$786$345
34 years$3,765$2,566$1,705$1,110$711$303
35 years$3,617$2,434$1,594$1,022$644$266
36 years$3,478$2,310$1,491$941$584$234
37 years$3,347$2,194$1,396$867$529$205
38 years$3,223$2,085$1,307$799$480$181
39 years$3,105$1,983$1,225$737$435$159
40 years$2,994$1,886$1,148$680$395$139
41 years$2,888$1,795$1,076$627$358$123
42 years$2,788$1,710$1,010$579$325$108
43 years$2,693$1,629$948$534$295$95
44 years$2,602$1,553$889$493$268$83
45 years$2,516$1,481$835$456$243$73
46 years$2,433$1,413$784$421$221$64
47 years$2,354$1,348$737$389$200$57
48 years$2,279$1,287$692$359$182$50
49 years$2,207$1,229$651$332$165$44
50 years$2,138$1,174$612$307$150$38

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 $5,259 every year, while hoping to spend $34,405 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: 45/37/18 Blend
29$2,190,000$2,190,000$2,190,000$2,190,000
30$2,418,805$2,302,735$2,268,790$2,514,929
31$2,628,916$2,378,962$2,308,187$2,658,983
32$2,859,306$2,457,771$2,347,752$2,811,262
33$3,112,006$2,539,253$2,387,452$2,975,670
34$3,389,254$2,623,500$2,427,256$3,153,348
35$3,693,517$2,710,610$2,467,127$3,345,547
36$4,027,508$2,800,683$2,507,029$3,553,648
37$4,394,220$2,893,823$2,546,921$3,779,166
38$4,796,948$2,990,138$2,586,760$4,023,770
39$5,239,322$3,089,739$2,626,502$4,289,295
40$5,725,340$3,192,743$2,666,096$4,577,760
41$6,259,407$3,299,270$2,705,493$4,891,386
42$6,846,376$3,409,445$2,744,637$5,232,618
43$7,491,595$3,523,396$2,783,471$5,604,148
44$8,200,953$3,641,257$2,821,932$6,008,936
45$8,980,940$3,763,168$2,859,957$6,450,243
46$9,838,705$3,889,273$2,897,475$6,931,658
47$10,782,126$4,019,721$2,934,413$7,457,132
48$11,819,882$4,154,666$2,970,695$8,031,014
49$12,961,536$4,294,271$3,006,239$8,658,094
50$14,217,623$4,438,700$3,040,959$9,343,645
51$15,599,752$4,588,128$3,074,762$10,093,474
52$17,120,714$4,742,734$3,107,555$10,913,977
53$18,794,603$4,902,704$3,139,234$11,812,196
54$20,636,947$5,068,231$3,169,692$12,795,886
55$22,664,857$5,239,516$3,198,818$13,873,591
56$24,897,187$5,416,766$3,226,493$15,054,717
57$27,354,710$5,600,198$3,252,590$16,349,629
58$30,060,318$5,790,035$3,276,980$17,769,739
59$33,039,233$5,986,510$3,299,522$19,327,622
60$36,319,251$6,189,864$3,320,071$21,037,126
61$39,930,995$6,400,349$3,338,475$22,913,507
62$43,908,214$6,618,223$3,354,571$24,973,573
63$48,288,093$6,843,757$3,368,190$27,235,836
64$53,111,609$7,077,232$3,379,155$29,720,694
65$58,423,915$7,318,937$3,387,278$32,450,616
66$64,274,765$7,569,177$3,392,364$35,450,356
67$70,718,989$7,828,264$3,394,205$38,747,187
68$77,817,001$8,096,524$3,392,586$42,371,157
69$85,635,378$8,374,297$3,387,281$46,355,370
70$94,247,482$8,661,933$3,378,050$50,736,298
71$103,734,156$8,959,798$3,364,645$55,554,127
72$114,184,483$9,268,271$3,346,805$60,853,132
73$125,696,631$9,587,748$3,324,253$66,682,098
74$138,378,777$9,918,636$3,296,705$73,094,774
75$152,350,125$10,261,363$3,263,858$80,150,384
76$167,742,037$10,616,369$3,225,397$87,914,183
77$184,699,269$10,984,115$3,180,991$96,458,073
78$203,381,336$11,365,078$3,130,296$105,861,279
79$223,964,020$11,759,755$3,072,949$116,211,097
80$246,641,029$12,168,661$3,008,571$127,603,716
81$271,625,821$12,592,333$2,936,766$140,145,125
82$299,153,626$13,031,329$2,857,118$153,952,115
83$329,483,659$13,486,227$2,769,195$169,153,375
84$362,901,571$13,957,630$2,672,541$185,890,708
85$399,722,143$14,446,166$2,566,683$204,320,370
86$440,292,258$14,952,485$2,451,124$224,614,541
87$484,994,177$15,477,265$2,325,345$246,962,952
88$534,249,143$16,021,211$2,188,804$271,574,669
89$588,521,360$16,585,055$2,040,934$298,680,072
90$648,322,376$17,169,560$1,881,142$328,533,021
91$714,215,908$17,775,519$1,708,810$361,413,260
92$786,823,168$18,403,756$1,523,292$397,629,045
93$866,828,720$19,055,129$1,323,912$437,520,061
94$954,986,951$19,730,532$1,109,965$481,460,624
95$1,052,129,186$20,430,893$880,714$529,863,211
96$1,159,171,535$21,157,180$635,390$583,182,357
97$1,277,123,547$21,910,397$373,191$641,918,935
98$1,407,097,735$22,691,592$93,279$706,624,894
99$1,550,320,078$23,501,855$0$777,908,456
100$1,708,141,600$24,342,319$0$856,479,322