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%18.4%
1 years$184,977$183,329$181,722$180,153$178,621$172,558
2 years$91,573$89,867$88,215$86,612$85,057$79,010
3 years$60,442$58,729$57,081$55,493$53,964$48,122
4 years$44,880$43,172$41,540$39,980$38,488$32,895
5 years$35,545$33,848$32,237$30,708$29,258$23,930
6 years$29,324$27,639$26,052$24,558$23,151$18,092
7 years$24,882$23,211$21,649$20,190$18,828$14,038
8 years$21,552$19,896$18,360$16,937$15,619$11,094
9 years$18,963$17,323$15,814$14,427$13,154$8,887
10 years$16,893$15,270$13,787$12,436$11,208$7,193
11 years$15,201$13,594$12,138$10,823$9,639$5,869
12 years$13,792$12,201$10,772$9,493$8,353$4,818
13 years$12,600$11,026$9,624$8,381$7,284$3,976
14 years$11,580$10,022$8,647$7,440$6,385$3,294
15 years$10,696$9,156$7,807$6,635$5,622$2,738
16 years$9,924$8,400$7,078$5,941$4,969$2,282
17 years$9,243$7,736$6,441$5,338$4,406$1,906
18 years$8,639$7,149$5,880$4,810$3,917$1,595
19 years$8,099$6,625$5,383$4,347$3,491$1,337
20 years$7,613$6,157$4,940$3,937$3,119$1,121
21 years$7,174$5,735$4,544$3,573$2,791$942
22 years$6,776$5,353$4,188$3,249$2,502$792
23 years$6,413$5,007$3,867$2,959$2,246$666
24 years$6,080$4,691$3,576$2,698$2,018$561
25 years$5,775$4,402$3,312$2,464$1,816$472
26 years$5,494$4,137$3,072$2,253$1,636$398
27 years$5,234$3,894$2,853$2,062$1,475$336
28 years$4,992$3,669$2,652$1,890$1,331$283
29 years$4,768$3,461$2,468$1,733$1,202$239
30 years$4,560$3,269$2,299$1,590$1,086$201
31 years$4,365$3,090$2,143$1,461$982$170
32 years$4,182$2,924$1,999$1,342$888$143
33 years$4,012$2,769$1,867$1,234$804$121
34 years$3,851$2,624$1,744$1,136$728$102
35 years$3,700$2,489$1,631$1,045$659$86
36 years$3,558$2,363$1,526$963$597$73
37 years$3,423$2,244$1,428$887$541$61
38 years$3,296$2,132$1,337$818$491$52
39 years$3,176$2,028$1,253$754$445$44
40 years$3,062$1,929$1,174$695$404$37
41 years$2,954$1,836$1,101$642$366$31
42 years$2,852$1,749$1,033$592$332$26
43 years$2,754$1,666$969$547$302$22
44 years$2,661$1,588$910$505$274$19
45 years$2,573$1,515$854$466$248$16
46 years$2,489$1,445$802$431$226$13
47 years$2,408$1,379$754$398$205$11
48 years$2,331$1,316$708$368$186$10
49 years$2,257$1,257$666$340$169$8
50 years$2,187$1,201$626$314$153$7

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 $5,739 every year, while hoping to spend $51,796 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: 53/24/23 Blend
29$2,240,000$2,240,000$2,240,000$2,240,000
30$2,474,400$2,355,680$2,320,960$2,589,532
31$2,671,678$2,415,998$2,343,601$2,729,810
32$2,887,343$2,477,535$2,365,266$2,876,541
33$3,123,214$2,540,297$2,385,865$3,035,133
34$3,381,298$2,604,287$2,405,307$3,206,737
35$3,663,801$2,669,508$2,423,495$3,392,619
36$3,973,154$2,735,959$2,440,327$3,594,175
37$4,312,034$2,803,639$2,455,696$3,812,942
38$4,683,388$2,872,544$2,469,489$4,050,616
39$5,090,464$2,942,669$2,481,587$4,309,061
40$5,536,836$3,014,005$2,491,866$4,590,336
41$6,026,444$3,086,542$2,500,194$4,896,706
42$6,563,624$3,160,265$2,506,433$5,230,670
43$7,153,155$3,235,160$2,510,440$5,594,979
44$7,800,300$3,311,205$2,512,062$5,992,666
45$8,510,855$3,388,379$2,511,141$6,427,074
46$9,291,207$3,466,654$2,507,509$6,901,887
47$10,148,390$3,546,001$2,500,991$7,421,164
48$11,090,155$3,626,384$2,491,403$7,989,379
49$12,125,039$3,707,764$2,478,553$8,611,463
50$13,262,447$3,790,099$2,462,239$9,292,851
51$14,512,741$3,873,338$2,442,249$10,039,533
52$15,887,338$3,957,429$2,418,361$10,858,109
53$17,398,813$4,042,310$2,390,343$11,755,856
54$19,061,025$4,127,915$2,357,952$12,740,792
55$20,889,239$4,214,173$2,320,933$13,821,756
56$22,900,277$4,301,003$2,279,020$15,008,489
57$25,112,671$4,388,318$2,231,933$16,311,727
58$27,546,841$4,476,024$2,179,380$17,743,303
59$30,225,286$4,564,016$2,121,057$19,316,259
60$33,172,796$4,652,183$2,056,642$21,044,971
61$36,416,684$4,740,403$1,985,803$22,945,282
62$39,987,047$4,828,544$1,908,189$25,034,652
63$43,917,046$4,916,463$1,823,434$27,332,330
64$48,243,222$5,004,007$1,731,156$29,859,526
65$53,005,838$5,091,010$1,630,956$32,639,620
66$58,249,256$5,177,293$1,522,417$35,698,380
67$64,022,364$5,262,664$1,405,101$39,064,205
68$70,379,026$5,346,916$1,278,553$42,768,398
69$77,378,600$5,429,827$1,142,297$46,845,455
70$85,086,488$5,511,160$995,836$51,333,401
71$93,574,762$5,590,659$838,648$56,274,140
72$102,922,837$5,668,051$670,193$61,713,860
73$113,218,225$5,743,044$489,903$67,703,464
74$124,557,357$5,815,325$297,187$74,299,055
75$137,046,492$5,884,561$91,427$81,562,464
76$150,802,724$5,950,394$0$89,561,839
77$165,955,082$6,012,444$0$98,403,736
78$182,645,751$6,070,305$0$108,165,468
79$201,031,411$6,123,543$0$118,915,975
80$221,284,715$6,171,697$0$130,755,980
81$243,595,922$6,214,276$0$143,796,481
82$268,174,687$6,250,756$0$158,159,795
83$295,252,044$6,280,582$0$173,980,719
84$325,082,582$6,303,160$0$191,407,797
85$357,946,853$6,317,862$0$210,604,730
86$394,154,013$6,324,019$0$231,751,912
87$434,044,746$6,320,919$0$255,048,144
88$477,994,474$6,307,809$0$280,712,504
89$526,416,906$6,283,887$0$308,986,417
90$579,767,936$6,248,303$0$340,135,939
91$638,549,952$6,200,156$0$374,454,265
92$703,316,572$6,138,488$0$412,264,499
93$774,677,874$6,062,287$0$453,922,707
94$853,306,155$5,970,476$0$499,821,276
95$939,942,271$5,861,918$0$550,392,624
96$1,035,402,635$5,735,405$0$606,113,280
97$1,140,586,924$5,589,659$0$667,508,383
98$1,256,486,567$5,423,329$0$735,156,646
99$1,384,194,106$5,234,982$0$809,695,816
100$1,524,913,511$5,023,101$0$891,828,700