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%12%
1 years$184,977$183,329$181,722$180,153$178,621$177,124
2 years$91,573$89,867$88,215$86,612$85,057$83,549
3 years$60,442$58,729$57,081$55,493$53,964$52,491
4 years$44,880$43,172$41,540$39,980$38,488$37,060
5 years$35,545$33,848$32,237$30,708$29,258$27,881
6 years$29,324$27,639$26,052$24,558$23,151$21,826
7 years$24,882$23,211$21,649$20,190$18,828$17,556
8 years$21,552$19,896$18,360$16,937$15,619$14,401
9 years$18,963$17,323$15,814$14,427$13,154$11,988
10 years$16,893$15,270$13,787$12,436$11,208$10,093
11 years$15,201$13,594$12,138$10,823$9,639$8,576
12 years$13,792$12,201$10,772$9,493$8,353$7,339
13 years$12,600$11,026$9,624$8,381$7,284$6,319
14 years$11,580$10,022$8,647$7,440$6,385$5,468
15 years$10,696$9,156$7,807$6,635$5,622$4,751
16 years$9,924$8,400$7,078$5,941$4,969$4,143
17 years$9,243$7,736$6,441$5,338$4,406$3,623
18 years$8,639$7,149$5,880$4,810$3,917$3,177
19 years$8,099$6,625$5,383$4,347$3,491$2,792
20 years$7,613$6,157$4,940$3,937$3,119$2,458
21 years$7,174$5,735$4,544$3,573$2,791$2,168
22 years$6,776$5,353$4,188$3,249$2,502$1,915
23 years$6,413$5,007$3,867$2,959$2,246$1,693
24 years$6,080$4,691$3,576$2,698$2,018$1,499
25 years$5,775$4,402$3,312$2,464$1,816$1,328
26 years$5,494$4,137$3,072$2,253$1,636$1,178
27 years$5,234$3,894$2,853$2,062$1,475$1,046
28 years$4,992$3,669$2,652$1,890$1,331$929
29 years$4,768$3,461$2,468$1,733$1,202$825
30 years$4,560$3,269$2,299$1,590$1,086$734
31 years$4,365$3,090$2,143$1,461$982$653
32 years$4,182$2,924$1,999$1,342$888$581
33 years$4,012$2,769$1,867$1,234$804$517
34 years$3,851$2,624$1,744$1,136$728$461
35 years$3,700$2,489$1,631$1,045$659$410
36 years$3,558$2,363$1,526$963$597$366
37 years$3,423$2,244$1,428$887$541$326
38 years$3,296$2,132$1,337$818$491$290
39 years$3,176$2,028$1,253$754$445$259
40 years$3,062$1,929$1,174$695$404$231
41 years$2,954$1,836$1,101$642$366$206
42 years$2,852$1,749$1,033$592$332$184
43 years$2,754$1,666$969$547$302$164
44 years$2,661$1,588$910$505$274$146
45 years$2,573$1,515$854$466$248$130
46 years$2,489$1,445$802$431$226$116
47 years$2,408$1,379$754$398$205$104
48 years$2,331$1,316$708$368$186$93
49 years$2,257$1,257$666$340$169$83
50 years$2,187$1,201$626$314$153$74

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 $4,839 every year, while hoping to spend $40,918 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: 62/13/25 Blend
29$2,240,000$2,240,000$2,240,000$2,240,000
30$2,473,471$2,354,751$2,320,031$2,610,141
31$2,682,229$2,426,598$2,354,216$2,775,187
32$2,910,909$2,500,593$2,388,174$2,950,402
33$3,161,499$2,576,800$2,421,856$3,140,820
34$3,436,190$2,655,282$2,455,206$3,347,934
35$3,737,395$2,736,104$2,488,169$3,573,384
36$4,067,770$2,819,333$2,520,684$3,818,982
37$4,430,242$2,905,040$2,552,686$4,086,718
38$4,828,034$2,993,295$2,584,108$4,378,789
39$5,264,697$3,084,169$2,614,879$4,697,610
40$5,744,142$3,177,740$2,644,924$5,045,846
41$6,270,677$3,274,082$2,674,162$5,426,430
42$6,849,049$3,373,275$2,702,509$5,842,594
43$7,484,486$3,475,399$2,729,877$6,297,899
44$8,182,748$3,580,538$2,756,172$6,796,266
45$8,950,180$3,688,776$2,781,296$7,342,018
46$9,793,773$3,800,201$2,805,144$7,939,917
47$10,721,229$3,914,902$2,827,607$8,595,208
48$11,741,033$4,032,971$2,848,571$9,313,671
49$12,862,534$4,154,501$2,867,913$10,101,677
50$14,096,030$4,279,590$2,885,506$10,966,243
51$15,452,872$4,408,336$2,901,217$11,915,100
52$16,945,561$4,540,841$2,914,904$12,956,770
53$18,587,874$4,677,208$2,926,419$14,100,640
54$20,394,989$4,817,543$2,935,606$15,357,057
55$22,383,632$4,961,957$2,942,303$16,737,419
56$24,572,229$5,110,560$2,946,337$18,254,289
57$26,981,086$5,263,466$2,947,528$19,921,508
58$29,632,574$5,420,794$2,945,688$21,754,330
59$32,551,346$5,582,662$2,940,618$23,769,562
60$35,764,564$5,749,193$2,932,110$25,985,728
61$39,302,160$5,920,514$2,919,945$28,423,238
62$43,197,113$6,096,752$2,903,896$31,104,583
63$47,485,764$6,278,038$2,883,723$34,054,551
64$52,208,158$6,464,508$2,859,173$37,300,454
65$57,408,420$6,656,299$2,829,985$40,872,392
66$63,135,172$6,853,551$2,795,883$44,803,533
67$69,441,992$7,056,407$2,756,578$49,130,429
68$76,387,919$7,265,015$2,711,767$53,893,361
69$84,038,011$7,479,525$2,661,135$59,136,717
70$92,463,955$7,700,089$2,604,350$64,909,413
71$101,744,749$7,926,863$2,541,066$71,265,356
72$111,967,442$8,160,008$2,470,921$78,263,948
73$123,227,958$8,399,686$2,393,534$85,970,655
74$135,632,003$8,646,063$2,308,510$94,457,618
75$149,296,055$8,899,309$2,215,433$103,804,338
76$164,348,474$9,159,595$2,113,871$114,098,425
77$180,930,701$9,427,099$2,003,369$125,436,426
78$199,198,605$9,701,999$1,883,454$137,924,739
79$219,323,943$9,984,477$1,753,630$151,680,613
80$241,495,989$10,274,720$1,613,380$166,833,259
81$265,923,315$10,572,917$1,462,164$183,525,068
82$292,835,762$10,879,259$1,299,415$201,912,959
83$322,486,610$11,193,943$1,124,546$222,169,856
84$355,154,964$11,517,166$936,938$244,486,324
85$391,148,394$11,849,131$735,950$269,072,368
86$430,805,835$12,190,043$520,908$296,159,417
87$474,500,784$12,540,108$291,112$326,002,508
88$522,644,829$12,899,539$45,830$358,882,693
89$575,691,533$13,268,548$0$395,109,698
90$634,140,715$13,647,352$0$435,082,442
91$698,543,165$14,036,170$0$479,136,253
92$769,505,849$14,435,223$0$527,673,625
93$847,697,631$14,844,735$0$581,151,583
94$933,855,594$15,264,932$0$640,073,760
95$1,028,791,993$15,696,041$0$704,995,150
96$1,133,401,923$16,138,294$0$776,527,348
97$1,248,671,770$16,591,921$0$855,344,322
98$1,375,688,521$17,057,156$0$942,188,775
99$1,515,650,026$17,534,232$0$1,037,879,157
100$1,669,876,304$18,023,386$0$1,143,317,387