Can I retire at age 30 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$183,326$181,693$180,099$178,544$177,026$175,396
2 years$90,755$89,065$87,427$85,839$84,298$82,656
3 years$59,902$58,205$56,571$54,998$53,482$51,879
4 years$44,479$42,787$41,169$39,623$38,144$36,592
5 years$35,228$33,545$31,949$30,434$28,996$27,500
6 years$29,062$27,392$25,820$24,338$22,944$21,504
7 years$24,659$23,004$21,456$20,010$18,660$17,278
8 years$21,359$19,719$18,197$16,786$15,480$14,156
9 years$18,794$17,169$15,673$14,298$13,036$11,770
10 years$16,742$15,133$13,664$12,325$11,108$9,899
11 years$15,065$13,472$12,029$10,726$9,553$8,400
12 years$13,669$12,092$10,676$9,408$8,278$7,180
13 years$12,488$10,928$9,538$8,306$7,219$6,174
14 years$11,477$9,933$8,570$7,373$6,328$5,335
15 years$10,601$9,074$7,738$6,576$5,572$4,630
16 years$9,835$8,325$7,015$5,888$4,924$4,031
17 years$9,161$7,667$6,384$5,290$4,366$3,521
18 years$8,562$7,085$5,827$4,768$3,882$3,083
19 years$8,026$6,566$5,335$4,308$3,460$2,705
20 years$7,545$6,102$4,896$3,902$3,091$2,378
21 years$7,110$5,683$4,503$3,541$2,766$2,095
22 years$6,715$5,305$4,150$3,220$2,479$1,847
23 years$6,356$4,962$3,832$2,932$2,226$1,631
24 years$6,026$4,649$3,544$2,674$2,000$1,442
25 years$5,724$4,363$3,283$2,442$1,800$1,276
26 years$5,445$4,100$3,044$2,233$1,621$1,130
27 years$5,187$3,859$2,827$2,044$1,462$1,001
28 years$4,948$3,636$2,628$1,873$1,319$888
29 years$4,726$3,430$2,446$1,717$1,191$788
30 years$4,519$3,240$2,278$1,576$1,076$699
31 years$4,326$3,062$2,124$1,448$973$621
32 years$4,145$2,898$1,982$1,330$880$552
33 years$3,976$2,744$1,850$1,223$797$490
34 years$3,817$2,601$1,729$1,126$721$436
35 years$3,667$2,467$1,616$1,036$653$388
36 years$3,526$2,341$1,512$954$592$345
37 years$3,393$2,224$1,415$879$536$307
38 years$3,267$2,113$1,325$810$486$273
39 years$3,148$2,010$1,242$747$441$243
40 years$3,035$1,912$1,164$689$400$216
41 years$2,928$1,820$1,091$636$363$193
42 years$2,826$1,733$1,024$587$329$171
43 years$2,730$1,652$960$542$299$153
44 years$2,638$1,574$902$500$271$136
45 years$2,550$1,501$847$462$246$121
46 years$2,466$1,432$795$427$224$108
47 years$2,387$1,367$747$394$203$96
48 years$2,310$1,305$702$364$184$86
49 years$2,237$1,246$660$337$167$76
50 years$2,167$1,190$620$311$152$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,220,000, adding $6,943 every year, while hoping to spend $28,270 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: 48/38/14 Blend
29$2,220,000$2,220,000$2,220,000$2,220,000
30$2,453,602$2,335,942$2,301,532$2,561,501
31$2,673,790$2,420,324$2,348,554$2,721,104
32$2,915,490$2,507,893$2,396,204$2,890,823
33$3,180,866$2,598,776$2,444,473$3,074,479
34$3,472,302$2,693,104$2,493,351$3,273,383
35$3,792,425$2,791,014$2,542,826$3,488,978
36$4,144,128$2,892,649$2,592,886$3,722,849
37$4,530,598$2,998,158$2,643,517$3,976,740
38$4,955,347$3,107,696$2,694,703$4,252,568
39$5,422,243$3,221,423$2,746,426$4,552,440
40$5,935,548$3,339,509$2,798,667$4,878,676
41$6,499,958$3,462,129$2,851,406$5,233,826
42$7,120,645$3,589,465$2,904,620$5,620,696
43$7,803,310$3,721,708$2,958,284$6,042,374
44$8,554,232$3,859,056$3,012,371$6,502,257
45$9,380,330$4,001,716$3,066,851$7,004,082
46$10,289,227$4,149,903$3,121,694$7,551,964
47$11,289,323$4,303,844$3,176,866$8,150,430
48$12,389,873$4,463,771$3,232,330$8,804,464
49$13,601,073$4,629,929$3,288,046$9,519,552
50$14,934,160$4,802,573$3,343,973$10,301,733
51$16,401,514$4,981,968$3,400,066$11,157,655
52$18,016,776$5,168,392$3,456,275$12,094,636
53$19,794,978$5,362,134$3,512,551$13,120,737
54$21,752,681$5,563,494$3,568,837$14,244,830
55$23,908,137$5,772,788$3,625,076$15,476,685
56$26,281,454$5,990,342$3,681,203$16,827,062
57$28,894,793$6,216,499$3,737,154$18,307,808
58$31,772,570$6,451,616$3,792,857$19,931,972
59$34,941,692$6,696,064$3,848,237$21,713,924
60$38,431,805$6,950,232$3,903,214$23,669,489
61$42,275,582$7,214,526$3,957,704$25,816,098
62$46,509,021$7,489,368$4,011,617$28,172,950
63$51,171,793$7,775,198$4,064,857$30,761,190
64$56,307,611$8,072,478$4,117,326$33,604,110
65$61,964,646$8,381,689$4,168,915$36,727,368
66$68,195,979$8,703,330$4,219,512$40,159,224
67$75,060,102$9,037,927$4,269,000$43,930,811
68$82,621,473$9,386,025$4,317,251$48,076,423
69$90,951,118$9,748,196$4,364,134$52,633,840
70$100,127,308$10,125,033$4,409,508$57,644,680
71$110,236,293$10,517,160$4,453,227$63,154,793
72$121,373,119$10,925,224$4,495,134$69,214,692
73$133,642,522$11,349,905$4,535,065$75,880,023
74$147,159,918$11,791,910$4,572,849$83,212,096
75$162,052,493$12,251,977$4,608,303$91,278,454
76$178,460,403$12,730,879$4,641,236$100,153,515
77$196,538,093$13,229,421$4,671,447$109,919,267
78$216,455,762$13,748,446$4,698,724$120,666,042
79$238,400,963$14,288,833$4,722,845$132,493,369
80$262,580,376$14,851,501$4,743,574$145,510,905
81$289,221,758$15,437,408$4,760,668$159,839,471
82$318,576,094$16,047,558$4,773,867$175,612,191
83$350,919,964$16,682,996$4,782,900$192,975,743
84$386,558,156$17,344,819$4,787,483$212,091,743
85$425,826,540$18,034,168$4,787,316$233,138,266
86$469,095,243$18,752,238$4,782,087$256,311,525
87$516,772,137$19,500,276$4,771,466$281,827,718
88$569,306,693$20,279,588$4,755,108$309,925,068
89$627,194,223$21,091,535$4,732,652$340,866,067
90$690,980,557$21,937,543$4,703,718$374,939,949
91$761,267,191$22,819,100$4,667,910$412,465,418
92$838,716,969$23,737,761$4,624,810$453,793,654
93$924,060,342$24,695,154$4,573,984$499,311,621
94$1,018,102,258$25,692,977$4,514,973$549,445,715
95$1,121,729,763$26,733,008$4,447,299$604,665,789
96$1,235,920,378$27,817,104$4,370,463$665,489,580
97$1,361,751,322$28,947,208$4,283,939$732,487,593
98$1,500,409,685$30,125,349$4,187,179$806,288,481
99$1,653,203,633$31,353,651$4,079,609$887,584,976
100$1,821,574,756$32,634,332$3,960,629$977,140,420