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%14.7%
1 years$183,326$181,693$180,099$178,544$177,026$173,594
2 years$90,755$89,065$87,427$85,839$84,298$80,854
3 years$59,902$58,205$56,571$54,998$53,482$50,134
4 years$44,479$42,787$41,169$39,623$38,144$34,917
5 years$35,228$33,545$31,949$30,434$28,996$25,900
6 years$29,062$27,392$25,820$24,338$22,944$19,982
7 years$24,659$23,004$21,456$20,010$18,660$15,832
8 years$21,359$19,719$18,197$16,786$15,480$12,786
9 years$18,794$17,169$15,673$14,298$13,036$10,475
10 years$16,742$15,133$13,664$12,325$11,108$8,676
11 years$15,065$13,472$12,029$10,726$9,553$7,248
12 years$13,669$12,092$10,676$9,408$8,278$6,097
13 years$12,488$10,928$9,538$8,306$7,219$5,158
14 years$11,477$9,933$8,570$7,373$6,328$4,383
15 years$10,601$9,074$7,738$6,576$5,572$3,739
16 years$9,835$8,325$7,015$5,888$4,924$3,200
17 years$9,161$7,667$6,384$5,290$4,366$2,746
18 years$8,562$7,085$5,827$4,768$3,882$2,361
19 years$8,026$6,566$5,335$4,308$3,460$2,035
20 years$7,545$6,102$4,896$3,902$3,091$1,756
21 years$7,110$5,683$4,503$3,541$2,766$1,517
22 years$6,715$5,305$4,150$3,220$2,479$1,313
23 years$6,356$4,962$3,832$2,932$2,226$1,137
24 years$6,026$4,649$3,544$2,674$2,000$986
25 years$5,724$4,363$3,283$2,442$1,800$855
26 years$5,445$4,100$3,044$2,233$1,621$742
27 years$5,187$3,859$2,827$2,044$1,462$645
28 years$4,948$3,636$2,628$1,873$1,319$560
29 years$4,726$3,430$2,446$1,717$1,191$487
30 years$4,519$3,240$2,278$1,576$1,076$424
31 years$4,326$3,062$2,124$1,448$973$369
32 years$4,145$2,898$1,982$1,330$880$321
33 years$3,976$2,744$1,850$1,223$797$279
34 years$3,817$2,601$1,729$1,126$721$243
35 years$3,667$2,467$1,616$1,036$653$212
36 years$3,526$2,341$1,512$954$592$184
37 years$3,393$2,224$1,415$879$536$161
38 years$3,267$2,113$1,325$810$486$140
39 years$3,148$2,010$1,242$747$441$122
40 years$3,035$1,912$1,164$689$400$106
41 years$2,928$1,820$1,091$636$363$93
42 years$2,826$1,733$1,024$587$329$81
43 years$2,730$1,652$960$542$299$70
44 years$2,638$1,574$902$500$271$61
45 years$2,550$1,501$847$462$246$53
46 years$2,466$1,432$795$427$224$47
47 years$2,387$1,367$747$394$203$41
48 years$2,310$1,305$702$364$184$35
49 years$2,237$1,246$660$337$167$31
50 years$2,167$1,190$620$311$152$27

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 $5,130 every year, while hoping to spend $54,427 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: 73/19/8 Blend
29$2,220,000$2,220,000$2,220,000$2,220,000
30$2,451,732$2,334,072$2,299,662$2,627,202
31$2,643,898$2,390,531$2,318,790$2,800,091
32$2,853,842$2,447,933$2,336,736$2,982,065
33$3,083,318$2,506,266$2,353,401$3,179,836
34$3,334,260$2,565,517$2,368,683$3,394,949
35$3,608,796$2,625,668$2,382,475$3,629,104
36$3,909,269$2,686,702$2,394,665$3,884,174
37$4,238,261$2,748,597$2,405,132$4,162,221
38$4,598,612$2,811,327$2,413,753$4,465,515
39$4,993,453$2,874,865$2,420,396$4,796,557
40$5,426,230$2,939,177$2,424,924$5,158,103
41$5,900,739$3,004,230$2,427,192$5,553,188
42$6,421,160$3,069,983$2,427,048$5,985,154
43$6,992,098$3,136,392$2,424,334$6,457,685
44$7,618,625$3,203,409$2,418,883$6,974,836
45$8,306,328$3,270,979$2,410,518$7,541,077
46$9,061,360$3,339,044$2,399,058$8,161,333
47$9,890,502$3,407,539$2,384,309$8,841,027
48$10,801,219$3,476,395$2,366,069$9,586,137
49$11,801,739$3,545,534$2,344,128$10,403,249
50$12,901,124$3,614,873$2,318,264$11,299,617
51$14,109,358$3,684,321$2,288,246$12,283,237
52$15,437,440$3,753,781$2,253,829$13,362,918
53$16,897,488$3,823,144$2,214,761$14,548,365
54$18,502,851$3,892,298$2,170,776$15,850,274
55$20,268,239$3,961,118$2,121,593$17,280,430
56$22,209,856$4,029,470$2,066,924$18,851,818
57$24,345,558$4,097,210$2,006,462$20,578,749
58$26,695,015$4,164,183$1,939,889$22,476,991
59$29,279,903$4,230,225$1,866,871$24,563,920
60$32,124,102$4,295,155$1,787,060$26,858,683
61$35,253,925$4,358,782$1,700,092$29,382,379
62$38,698,365$4,420,902$1,605,585$32,158,260
63$42,489,367$4,481,295$1,503,140$35,211,949
64$46,662,130$4,539,726$1,392,343$38,571,680
65$51,255,438$4,595,943$1,272,757$42,268,569
66$56,312,027$4,649,679$1,143,929$46,336,904
67$61,878,988$4,700,647$1,005,385$50,814,472
68$68,008,207$4,748,541$856,628$55,742,911
69$74,756,859$4,793,035$697,140$61,168,111
70$82,187,947$4,833,782$526,382$67,140,639
71$90,370,891$4,870,410$343,789$73,716,222
72$99,382,188$4,902,526$148,772$80,956,273
73$109,306,131$4,929,710$0$88,928,466
74$120,235,606$4,951,516$0$97,712,451
75$132,272,965$4,967,467$0$107,399,230
76$145,530,995$4,977,060$0$118,066,723
77$160,133,978$4,979,759$0$129,814,805
78$176,218,869$4,974,992$0$142,753,535
79$193,936,582$4,962,155$0$157,004,197
80$213,453,419$4,940,606$0$172,700,447
81$234,952,635$4,909,663$0$189,989,571
82$258,636,171$4,868,603$0$209,033,877
83$284,726,556$4,816,660$0$230,012,229
84$313,469,009$4,753,021$0$253,121,733
85$345,133,753$4,676,824$0$278,579,602
86$380,018,565$4,587,158$0$306,625,203
87$418,451,584$4,483,054$0$337,522,319
88$460,794,412$4,363,490$0$371,561,639
89$507,445,522$4,227,382$0$409,063,504
90$558,844,024$4,073,581$0$450,380,929
91$615,473,802$3,900,875$0$495,902,942
92$677,868,090$3,707,978$0$546,058,249
93$746,614,499$3,493,532$0$601,319,289
94$822,360,562$3,256,100$0$662,206,692
95$905,819,853$2,994,162$0$729,294,195
96$997,778,715$2,706,113$0$803,214,059
97$1,099,103,685$2,390,254$0$884,663,043
98$1,210,749,677$2,044,792$0$974,408,976
99$1,333,768,987$1,667,830$0$1,073,298,014
100$1,469,321,237$1,257,367$0$1,182,262,624