Can I retire at age 30 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$184,977$183,329$181,722$180,153$178,621$174,232
2 years$91,573$89,867$88,215$86,612$85,057$80,663
3 years$60,442$58,729$57,081$55,493$53,964$49,701
4 years$44,880$43,172$41,540$39,980$38,488$34,389
5 years$35,545$33,848$32,237$30,708$29,258$25,335
6 years$29,324$27,639$26,052$24,558$23,151$19,408
7 years$24,882$23,211$21,649$20,190$18,828$15,265
8 years$21,552$19,896$18,360$16,937$15,619$12,235
9 years$18,963$17,323$15,814$14,427$13,154$9,946
10 years$16,893$15,270$13,787$12,436$11,208$8,172
11 years$15,201$13,594$12,138$10,823$9,639$6,771
12 years$13,792$12,201$10,772$9,493$8,353$5,648
13 years$12,600$11,026$9,624$8,381$7,284$4,736
14 years$11,580$10,022$8,647$7,440$6,385$3,990
15 years$10,696$9,156$7,807$6,635$5,622$3,373
16 years$9,924$8,400$7,078$5,941$4,969$2,860
17 years$9,243$7,736$6,441$5,338$4,406$2,431
18 years$8,639$7,149$5,880$4,810$3,917$2,071
19 years$8,099$6,625$5,383$4,347$3,491$1,767
20 years$7,613$6,157$4,940$3,937$3,119$1,510
21 years$7,174$5,735$4,544$3,573$2,791$1,292
22 years$6,776$5,353$4,188$3,249$2,502$1,107
23 years$6,413$5,007$3,867$2,959$2,246$949
24 years$6,080$4,691$3,576$2,698$2,018$814
25 years$5,775$4,402$3,312$2,464$1,816$699
26 years$5,494$4,137$3,072$2,253$1,636$601
27 years$5,234$3,894$2,853$2,062$1,475$516
28 years$4,992$3,669$2,652$1,890$1,331$444
29 years$4,768$3,461$2,468$1,733$1,202$382
30 years$4,560$3,269$2,299$1,590$1,086$329
31 years$4,365$3,090$2,143$1,461$982$283
32 years$4,182$2,924$1,999$1,342$888$243
33 years$4,012$2,769$1,867$1,234$804$210
34 years$3,851$2,624$1,744$1,136$728$181
35 years$3,700$2,489$1,631$1,045$659$155
36 years$3,558$2,363$1,526$963$597$134
37 years$3,423$2,244$1,428$887$541$115
38 years$3,296$2,132$1,337$818$491$99
39 years$3,176$2,028$1,253$754$445$86
40 years$3,062$1,929$1,174$695$404$74
41 years$2,954$1,836$1,101$642$366$64
42 years$2,852$1,749$1,033$592$332$55
43 years$2,754$1,666$969$547$302$47
44 years$2,661$1,588$910$505$274$41
45 years$2,573$1,515$854$466$248$35
46 years$2,489$1,445$802$431$226$30
47 years$2,408$1,379$754$398$205$26
48 years$2,331$1,316$708$368$186$22
49 years$2,257$1,257$666$340$169$19
50 years$2,187$1,201$626$314$153$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,240,000, adding $4,856 every year, while hoping to spend $45,472 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: 40/44/16 Blend
29$2,240,000$2,240,000$2,240,000$2,240,000
30$2,473,489$2,354,769$2,320,049$2,560,485
31$2,677,403$2,421,771$2,349,389$2,689,763
32$2,900,592$2,490,532$2,378,187$2,824,748
33$3,144,975$2,561,090$2,406,379$2,969,806
34$3,412,663$2,633,484$2,433,893$3,125,877
35$3,705,982$2,707,752$2,460,656$3,293,990
36$4,027,495$2,783,935$2,486,591$3,475,281
37$4,380,022$2,862,070$2,511,615$3,670,998
38$4,766,672$2,942,199$2,535,641$3,882,515
39$5,190,866$3,024,360$2,558,578$4,111,343
40$5,656,375$3,108,595$2,580,331$4,359,148
41$6,167,350$3,194,941$2,600,798$4,627,761
42$6,728,368$3,283,441$2,619,872$4,919,200
43$7,344,465$3,374,133$2,637,442$5,235,686
44$8,021,193$3,467,059$2,653,389$5,579,665
45$8,764,667$3,562,256$2,667,589$5,953,831
46$9,581,622$3,659,766$2,679,912$6,361,148
47$10,479,480$3,759,627$2,690,222$6,804,885
48$11,466,416$3,861,878$2,698,373$7,288,639
49$12,551,437$3,966,557$2,704,216$7,816,373
50$13,744,467$4,073,702$2,707,591$8,392,453
51$15,056,439$4,183,350$2,708,332$9,021,687
52$16,499,399$4,295,536$2,706,263$9,709,375
53$18,086,617$4,410,297$2,701,202$10,461,350
54$19,832,716$4,527,666$2,692,957$11,284,044
55$21,753,807$4,647,675$2,681,325$12,184,540
56$23,867,641$4,770,357$2,666,095$13,170,642
57$26,193,777$4,895,741$2,647,046$14,250,949
58$28,753,765$5,023,856$2,623,945$15,434,936
59$31,571,352$5,154,727$2,596,549$16,733,041
60$34,672,700$5,288,379$2,564,604$18,156,767
61$38,086,639$5,424,833$2,527,842$19,718,788
62$41,844,936$5,564,110$2,485,985$21,433,070
63$45,982,593$5,706,225$2,438,739$23,315,001
64$50,538,180$5,851,192$2,385,799$25,381,539
65$55,554,195$5,999,022$2,326,844$27,651,370
66$61,077,470$6,149,720$2,261,540$30,145,083
67$67,159,605$6,303,290$2,189,535$32,885,369
68$73,857,464$6,459,731$2,110,464$35,897,232
69$81,233,704$6,619,035$2,023,943$39,208,225
70$89,357,367$6,781,194$1,929,570$42,848,711
71$98,304,535$6,946,189$1,826,928$46,852,151
72$108,159,046$7,114,000$1,715,577$51,255,418
73$119,013,280$7,284,598$1,595,061$56,099,146
74$130,969,041$7,457,949$1,464,901$61,428,113
75$144,138,505$7,634,011$1,324,598$67,291,667
76$158,645,290$7,812,734$1,173,629$73,744,189
77$174,625,613$7,994,062$1,011,449$80,845,608
78$192,229,582$8,177,928$837,489$88,661,966
79$211,622,608$8,364,255$651,155$97,266,045
80$232,986,971$8,552,960$451,824$106,738,050
81$256,523,532$8,743,945$238,851$117,166,372
82$282,453,637$8,937,103$11,557$128,648,418
83$311,021,200$9,132,314$0$141,291,533
84$342,495,010$9,329,445$0$155,253,455
85$377,171,263$9,528,349$0$170,629,783
86$415,376,359$9,728,865$0$187,562,345
87$457,469,983$9,930,816$0$206,209,608
88$503,848,503$10,134,007$0$226,746,199
89$554,948,704$10,338,227$0$249,364,556
90$611,251,916$10,543,244$0$274,276,741
91$673,288,557$10,748,809$0$301,716,445
92$741,643,137$10,954,648$0$331,941,194
93$816,959,777$11,160,466$0$365,234,780
94$899,948,290$11,365,944$0$401,909,938
95$991,390,877$11,570,737$0$442,311,305
96$1,092,149,516$11,774,472$0$486,818,666
97$1,203,174,094$11,976,749$0$535,850,546
98$1,325,511,377$12,177,135$0$589,868,158
99$1,460,314,888$12,375,166$0$649,379,760
100$1,608,855,801$12,570,343$0$714,945,454