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%19.2%
1 years$183,326$181,693$180,099$178,544$177,026$170,474
2 years$90,755$89,065$87,427$85,839$84,298$77,771
3 years$59,902$58,205$56,571$54,998$53,482$47,185
4 years$44,479$42,787$41,169$39,623$38,144$32,125
5 years$35,228$33,545$31,949$30,434$28,996$23,272
6 years$29,062$27,392$25,820$24,338$22,944$17,517
7 years$24,659$23,004$21,456$20,010$18,660$13,529
8 years$21,359$19,719$18,197$16,786$15,480$10,642
9 years$18,794$17,169$15,673$14,298$13,036$8,483
10 years$16,742$15,133$13,664$12,325$11,108$6,832
11 years$15,065$13,472$12,029$10,726$9,553$5,545
12 years$13,669$12,092$10,676$9,408$8,278$4,528
13 years$12,488$10,928$9,538$8,306$7,219$3,716
14 years$11,477$9,933$8,570$7,373$6,328$3,061
15 years$10,601$9,074$7,738$6,576$5,572$2,530
16 years$9,835$8,325$7,015$5,888$4,924$2,097
17 years$9,161$7,667$6,384$5,290$4,366$1,741
18 years$8,562$7,085$5,827$4,768$3,882$1,448
19 years$8,026$6,566$5,335$4,308$3,460$1,206
20 years$7,545$6,102$4,896$3,902$3,091$1,006
21 years$7,110$5,683$4,503$3,541$2,766$840
22 years$6,715$5,305$4,150$3,220$2,479$702
23 years$6,356$4,962$3,832$2,932$2,226$587
24 years$6,026$4,649$3,544$2,674$2,000$491
25 years$5,724$4,363$3,283$2,442$1,800$411
26 years$5,445$4,100$3,044$2,233$1,621$344
27 years$5,187$3,859$2,827$2,044$1,462$288
28 years$4,948$3,636$2,628$1,873$1,319$241
29 years$4,726$3,430$2,446$1,717$1,191$202
30 years$4,519$3,240$2,278$1,576$1,076$169
31 years$4,326$3,062$2,124$1,448$973$142
32 years$4,145$2,898$1,982$1,330$880$119
33 years$3,976$2,744$1,850$1,223$797$100
34 years$3,817$2,601$1,729$1,126$721$84
35 years$3,667$2,467$1,616$1,036$653$70
36 years$3,526$2,341$1,512$954$592$59
37 years$3,393$2,224$1,415$879$536$49
38 years$3,267$2,113$1,325$810$486$41
39 years$3,148$2,010$1,242$747$441$35
40 years$3,035$1,912$1,164$689$400$29
41 years$2,928$1,820$1,091$636$363$24
42 years$2,826$1,733$1,024$587$329$20
43 years$2,730$1,652$960$542$299$17
44 years$2,638$1,574$902$500$271$14
45 years$2,550$1,501$847$462$246$12
46 years$2,466$1,432$795$427$224$10
47 years$2,387$1,367$747$394$203$9
48 years$2,310$1,305$702$364$184$7
49 years$2,237$1,246$660$337$167$6
50 years$2,167$1,190$620$311$152$5

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 $3,403 every year, while hoping to spend $40,587 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: 64/11/25 Blend
29$2,220,000$2,220,000$2,220,000$2,220,000
30$2,449,950$2,332,290$2,297,880$2,590,461
31$2,656,661$2,403,388$2,331,675$2,756,877
32$2,883,096$2,476,610$2,365,241$2,933,806
33$3,131,224$2,552,016$2,398,529$3,126,219
34$3,403,214$2,629,669$2,431,485$3,335,637
35$3,701,453$2,709,635$2,464,052$3,563,740
36$4,028,574$2,791,979$2,496,170$3,812,373
37$4,387,472$2,876,770$2,527,775$4,083,572
38$4,781,339$2,964,077$2,558,800$4,379,579
39$5,213,690$3,053,971$2,589,175$4,702,862
40$5,688,398$3,146,527$2,618,824$5,056,142
41$6,209,728$3,241,821$2,647,668$5,442,416
42$6,782,378$3,339,928$2,675,623$5,864,986
43$7,411,526$3,440,929$2,702,601$6,327,487
44$8,102,873$3,544,906$2,728,509$6,833,928
45$8,862,701$3,651,942$2,753,250$7,388,724
46$9,697,933$3,762,123$2,776,719$7,996,740
47$10,616,191$3,875,536$2,798,809$8,663,334
48$11,625,878$3,992,273$2,819,404$9,394,414
49$12,736,248$4,112,425$2,838,385$10,196,487
50$13,957,498$4,236,087$2,855,624$11,076,722
51$15,300,864$4,363,356$2,870,988$12,043,020
52$16,778,724$4,494,332$2,884,338$13,104,087
53$18,404,716$4,629,117$2,895,526$14,269,517
54$20,193,868$4,767,815$2,904,397$15,549,879
55$22,162,738$4,910,533$2,910,790$16,956,823
56$24,329,569$5,057,381$2,914,533$18,503,184
57$26,714,463$5,208,470$2,915,448$20,203,106
58$29,339,570$5,363,916$2,913,346$22,072,176
59$32,229,294$5,523,837$2,908,032$24,127,570
60$35,410,529$5,688,352$2,899,298$26,388,214
61$38,912,906$5,857,584$2,886,927$28,874,966
62$42,769,076$6,031,659$2,870,693$31,610,810
63$47,015,018$6,210,707$2,850,357$34,621,075
64$51,690,376$6,394,857$2,825,670$37,933,673
65$56,838,835$6,584,246$2,796,371$41,579,360
66$62,508,532$6,779,010$2,762,185$45,592,034
67$68,752,510$6,979,290$2,722,827$50,009,047
68$75,629,220$7,185,228$2,677,995$54,871,561
69$83,203,069$7,396,973$2,627,376$60,224,938
70$91,545,029$7,614,672$2,570,641$66,119,167
71$100,733,310$7,838,479$2,507,445$72,609,335
72$110,854,093$8,068,549$2,437,429$79,756,149
73$122,002,343$8,305,041$2,360,217$87,626,510
74$134,282,711$8,548,117$2,275,413$96,294,141
75$147,810,515$8,797,942$2,182,606$105,840,287
76$162,712,830$9,054,684$2,081,366$116,354,480
77$179,129,689$9,318,513$1,971,242$127,935,386
78$197,215,402$9,589,605$1,851,763$140,691,736
79$217,140,014$9,868,137$1,722,438$154,743,354
80$239,090,909$10,154,289$1,582,753$170,222,286
81$263,274,577$10,448,245$1,432,171$187,274,048
82$289,918,566$10,750,191$1,270,131$206,059,002
83$319,273,626$11,060,317$1,096,047$226,753,868
84$351,616,079$11,378,815$909,307$249,553,395
85$387,250,422$11,705,881$709,273$274,672,197
86$426,512,209$12,041,712$495,276$302,346,784
87$469,771,208$12,386,509$266,622$332,837,791
88$517,434,899$12,740,477$22,582$366,432,440
89$569,952,319$13,103,820$0$403,447,257
90$627,818,296$13,476,748$0$444,294,501
91$691,578,123$13,859,470$0$489,305,674
92$761,832,708$14,252,200$0$538,898,577
93$839,244,239$14,655,153$0$593,540,260
94$924,542,442$15,068,545$0$653,745,409
95$1,018,531,462$15,492,595$0$720,081,195
96$1,122,097,462$15,927,523$0$793,172,634
97$1,236,216,981$16,373,550$0$873,708,484
98$1,361,966,157$16,830,897$0$962,447,747
99$1,500,530,882$17,299,789$0$1,060,226,834
100$1,653,218,002$17,780,448$0$1,167,967,458