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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$183,326$181,693$180,099$178,544$177,026$172,327
2 years$90,755$89,065$87,427$85,839$84,298$79,597
3 years$59,902$58,205$56,571$54,998$53,482$48,926
4 years$44,479$42,787$41,169$39,623$38,144$33,767
5 years$35,228$33,545$31,949$30,434$28,996$24,811
6 years$29,062$27,392$25,820$24,338$22,944$18,955
7 years$24,659$23,004$21,456$20,010$18,660$14,867
8 years$21,359$19,719$18,197$16,786$15,480$11,881
9 years$18,794$17,169$15,673$14,298$13,036$9,629
10 years$16,742$15,133$13,664$12,325$11,108$7,887
11 years$15,065$13,472$12,029$10,726$9,553$6,514
12 years$13,669$12,092$10,676$9,408$8,278$5,416
13 years$12,488$10,928$9,538$8,306$7,219$4,526
14 years$11,477$9,933$8,570$7,373$6,328$3,800
15 years$10,601$9,074$7,738$6,576$5,572$3,201
16 years$9,835$8,325$7,015$5,888$4,924$2,704
17 years$9,161$7,667$6,384$5,290$4,366$2,291
18 years$8,562$7,085$5,827$4,768$3,882$1,944
19 years$8,026$6,566$5,335$4,308$3,460$1,653
20 years$7,545$6,102$4,896$3,902$3,091$1,407
21 years$7,110$5,683$4,503$3,541$2,766$1,199
22 years$6,715$5,305$4,150$3,220$2,479$1,023
23 years$6,356$4,962$3,832$2,932$2,226$874
24 years$6,026$4,649$3,544$2,674$2,000$747
25 years$5,724$4,363$3,283$2,442$1,800$639
26 years$5,445$4,100$3,044$2,233$1,621$547
27 years$5,187$3,859$2,827$2,044$1,462$468
28 years$4,948$3,636$2,628$1,873$1,319$401
29 years$4,726$3,430$2,446$1,717$1,191$343
30 years$4,519$3,240$2,278$1,576$1,076$294
31 years$4,326$3,062$2,124$1,448$973$252
32 years$4,145$2,898$1,982$1,330$880$216
33 years$3,976$2,744$1,850$1,223$797$185
34 years$3,817$2,601$1,729$1,126$721$159
35 years$3,667$2,467$1,616$1,036$653$136
36 years$3,526$2,341$1,512$954$592$117
37 years$3,393$2,224$1,415$879$536$100
38 years$3,267$2,113$1,325$810$486$86
39 years$3,148$2,010$1,242$747$441$74
40 years$3,035$1,912$1,164$689$400$63
41 years$2,928$1,820$1,091$636$363$54
42 years$2,826$1,733$1,024$587$329$47
43 years$2,730$1,652$960$542$299$40
44 years$2,638$1,574$902$500$271$34
45 years$2,550$1,501$847$462$246$29
46 years$2,466$1,432$795$427$224$25
47 years$2,387$1,367$747$394$203$22
48 years$2,310$1,305$702$364$184$19
49 years$2,237$1,246$660$337$167$16
50 years$2,167$1,190$620$311$152$14

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 $3,164 every year, while hoping to spend $23,329 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: 45/42/13 Blend
29$2,220,000$2,220,000$2,220,000$2,220,000
30$2,449,704$2,332,044$2,297,634$2,550,727
31$2,674,752$2,421,492$2,349,783$2,710,734
32$2,921,972$2,514,541$2,402,896$2,881,518
33$3,193,603$2,611,344$2,456,983$3,066,192
34$3,492,109$2,712,057$2,512,050$3,266,051
35$3,820,203$2,816,848$2,568,103$3,482,514
36$4,180,879$2,925,888$2,625,149$3,717,140
37$4,577,430$3,039,358$2,683,193$3,971,646
38$5,013,487$3,157,446$2,742,240$4,247,914
39$5,493,051$3,280,349$2,802,293$4,548,016
40$6,020,529$3,408,272$2,863,356$4,874,227
41$6,600,775$3,541,430$2,925,431$5,229,051
42$7,239,140$3,680,046$2,988,519$5,615,240
43$7,941,519$3,824,355$3,052,621$6,035,819
44$8,714,406$3,974,600$3,117,736$6,494,118
45$9,564,957$4,131,038$3,183,862$6,993,797
46$10,501,058$4,293,933$3,250,996$7,538,883
47$11,531,396$4,463,566$3,319,134$8,133,807
48$12,665,544$4,640,226$3,388,271$8,783,444
49$13,914,050$4,824,218$3,458,399$9,493,157
50$15,288,537$5,015,859$3,529,510$10,268,850
51$16,801,813$5,215,481$3,601,593$11,117,017
52$18,467,989$5,423,431$3,674,638$12,044,809
53$20,302,616$5,640,071$3,748,629$13,060,095
54$22,322,827$5,865,779$3,823,553$14,171,536
55$24,547,504$6,100,951$3,899,391$15,388,668
56$26,997,452$6,346,000$3,976,123$16,721,987
57$29,695,597$6,601,359$4,053,729$18,183,050
58$32,667,202$6,867,480$4,132,182$19,784,581
59$35,940,104$7,144,834$4,211,458$21,540,589
60$39,544,979$7,433,915$4,291,526$23,466,499
61$43,515,629$7,735,239$4,372,354$25,579,298
62$47,889,303$8,049,345$4,453,908$27,897,689
63$52,707,047$8,376,798$4,536,149$30,442,272
64$58,014,091$8,718,186$4,619,035$33,235,729
65$63,860,278$9,074,127$4,702,522$36,303,045
66$70,300,531$9,445,264$4,786,561$39,671,732
67$77,395,375$9,832,272$4,871,101$43,372,095
68$85,211,505$10,235,855$4,956,085$47,437,512
69$93,822,417$10,656,750$5,041,452$51,904,746
70$103,309,102$11,095,729$5,127,139$56,814,290
71$113,760,807$11,553,597$5,213,075$62,210,750
72$125,275,883$12,031,196$5,299,187$68,143,258
73$137,962,708$12,529,410$5,385,394$74,665,937
74$151,940,713$13,049,160$5,471,613$81,838,409
75$167,341,507$13,591,410$5,557,754$89,726,351
76$184,310,122$14,157,170$5,643,720$98,402,116
77$203,006,378$14,747,496$5,729,408$107,945,412
78$223,606,396$15,363,491$5,814,711$118,444,048
79$246,304,258$16,006,310$5,899,513$129,994,762
80$271,313,836$16,677,164$5,983,691$142,704,132
81$298,870,818$17,377,315$6,067,115$156,689,573
82$329,234,925$18,108,087$6,149,647$172,080,447
83$362,692,369$18,870,865$6,231,141$189,019,277
84$399,558,549$19,667,096$6,311,444$207,663,086
85$440,181,034$20,498,297$6,390,390$228,184,880
86$484,942,839$21,366,053$6,467,808$250,775,272
87$534,266,044$22,272,025$6,543,514$275,644,279
88$588,615,775$23,217,948$6,617,317$303,023,296
89$648,504,598$24,205,642$6,689,011$333,167,278
90$714,497,357$25,237,008$6,758,382$366,357,142
91$787,216,504$26,314,038$6,825,205$402,902,407
92$867,347,976$27,438,815$6,889,238$443,144,119
93$955,647,674$28,613,521$6,950,232$487,458,053
94$1,052,948,593$29,840,440$7,007,920$536,258,263
95$1,160,168,688$31,121,960$7,062,024$590,000,981
96$1,278,319,541$32,460,583$7,112,250$649,188,911
97$1,408,515,912$33,858,930$7,158,288$714,375,976
98$1,551,986,258$35,319,740$7,199,813$786,172,532
99$1,710,084,333$36,845,884$7,236,484$865,251,125
100$1,884,301,969$38,440,367$7,267,940$952,352,831