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%11.2%
1 years$184,977$183,329$181,722$180,153$178,621$177,719
2 years$91,573$89,867$88,215$86,612$85,057$84,147
3 years$60,442$58,729$57,081$55,493$53,964$53,073
4 years$44,880$43,172$41,540$39,980$38,488$37,624
5 years$35,545$33,848$32,237$30,708$29,258$28,423
6 years$29,324$27,639$26,052$24,558$23,151$22,346
7 years$24,882$23,211$21,649$20,190$18,828$18,054
8 years$21,552$19,896$18,360$16,937$15,619$14,877
9 years$18,963$17,323$15,814$14,427$13,154$12,442
10 years$16,893$15,270$13,787$12,436$11,208$10,526
11 years$15,201$13,594$12,138$10,823$9,639$8,987
12 years$13,792$12,201$10,772$9,493$8,353$7,730
13 years$12,600$11,026$9,624$8,381$7,284$6,690
14 years$11,580$10,022$8,647$7,440$6,385$5,819
15 years$10,696$9,156$7,807$6,635$5,622$5,083
16 years$9,924$8,400$7,078$5,941$4,969$4,457
17 years$9,243$7,736$6,441$5,338$4,406$3,920
18 years$8,639$7,149$5,880$4,810$3,917$3,456
19 years$8,099$6,625$5,383$4,347$3,491$3,055
20 years$7,613$6,157$4,940$3,937$3,119$2,705
21 years$7,174$5,735$4,544$3,573$2,791$2,400
22 years$6,776$5,353$4,188$3,249$2,502$2,132
23 years$6,413$5,007$3,867$2,959$2,246$1,897
24 years$6,080$4,691$3,576$2,698$2,018$1,690
25 years$5,775$4,402$3,312$2,464$1,816$1,507
26 years$5,494$4,137$3,072$2,253$1,636$1,345
27 years$5,234$3,894$2,853$2,062$1,475$1,201
28 years$4,992$3,669$2,652$1,890$1,331$1,074
29 years$4,768$3,461$2,468$1,733$1,202$960
30 years$4,560$3,269$2,299$1,590$1,086$859
31 years$4,365$3,090$2,143$1,461$982$769
32 years$4,182$2,924$1,999$1,342$888$689
33 years$4,012$2,769$1,867$1,234$804$618
34 years$3,851$2,624$1,744$1,136$728$554
35 years$3,700$2,489$1,631$1,045$659$497
36 years$3,558$2,363$1,526$963$597$445
37 years$3,423$2,244$1,428$887$541$400
38 years$3,296$2,132$1,337$818$491$359
39 years$3,176$2,028$1,253$754$445$322
40 years$3,062$1,929$1,174$695$404$289
41 years$2,954$1,836$1,101$642$366$260
42 years$2,852$1,749$1,033$592$332$233
43 years$2,754$1,666$969$547$302$209
44 years$2,661$1,588$910$505$274$188
45 years$2,573$1,515$854$466$248$169
46 years$2,489$1,445$802$431$226$152
47 years$2,408$1,379$754$398$205$136
48 years$2,331$1,316$708$368$186$123
49 years$2,257$1,257$666$340$169$110
50 years$2,187$1,201$626$314$153$99

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 $3,321 every year, while hoping to spend $48,944 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: 24/49/27 Blend
29$2,240,000$2,240,000$2,240,000$2,240,000
30$2,471,906$2,353,186$2,318,466$2,510,090
31$2,671,964$2,416,416$2,344,058$2,605,837
32$2,890,788$2,481,104$2,368,868$2,703,979
33$3,130,240$2,547,269$2,392,816$2,808,099
34$3,392,370$2,614,932$2,415,822$2,918,726
35$3,679,438$2,684,109$2,437,798$3,036,444
36$3,993,929$2,754,819$2,458,652$3,161,892
37$4,338,583$2,827,078$2,478,291$3,295,779
38$4,716,416$2,900,902$2,496,611$3,438,880
39$5,130,750$2,976,306$2,513,506$3,592,053
40$5,585,243$3,053,302$2,528,865$3,756,241
41$6,083,926$3,131,902$2,542,571$3,932,483
42$6,631,238$3,212,116$2,554,498$4,121,924
43$7,232,068$3,293,954$2,564,518$4,325,826
44$7,891,803$3,377,422$2,572,493$4,545,578
45$8,616,376$3,462,524$2,578,281$4,782,713
46$9,412,323$3,549,265$2,581,730$5,038,919
47$10,286,844$3,637,643$2,582,683$5,316,056
48$11,247,873$3,727,658$2,580,973$5,616,175
49$12,304,147$3,819,305$2,576,426$5,941,537
50$13,465,294$3,912,575$2,568,861$6,294,632
51$14,741,921$4,007,458$2,558,085$6,678,209
52$16,145,714$4,103,940$2,543,898$7,095,294
53$17,689,548$4,202,004$2,526,089$7,549,224
54$19,387,607$4,301,628$2,504,438$8,043,679
55$21,255,520$4,402,785$2,478,714$8,582,715
56$23,310,508$4,505,446$2,448,676$9,170,804
57$25,571,542$4,609,575$2,414,069$9,812,874
58$28,059,528$4,715,133$2,374,629$10,514,360
59$30,797,498$4,822,073$2,330,077$11,281,253
60$33,810,833$4,930,344$2,280,124$12,120,158
61$37,127,495$5,039,888$2,224,466$13,038,356
62$40,778,297$5,150,640$2,162,783$14,043,875
63$44,797,191$5,262,529$2,094,744$15,145,565
64$49,221,586$5,375,475$2,020,000$16,353,182
65$54,092,705$5,489,390$1,938,187$17,677,482
66$59,455,969$5,604,179$1,848,924$19,130,323
67$65,361,429$5,719,735$1,751,814$20,724,778
68$71,864,236$5,835,943$1,646,441$22,475,257
69$79,025,161$5,952,678$1,532,371$24,397,647
70$86,911,171$6,069,801$1,409,148$26,509,464
71$95,596,054$6,187,166$1,276,298$28,830,014
72$105,161,124$6,304,609$1,133,327$31,380,581
73$115,695,981$6,421,957$979,715$34,184,630
74$127,299,358$6,539,020$814,923$37,268,026
75$140,080,055$6,655,595$638,385$40,659,281
76$154,157,962$6,771,461$449,513$44,389,828
77$169,665,193$6,886,381$247,690$48,494,314
78$186,747,329$7,000,100$32,274$53,010,932
79$205,564,796$7,112,345$0$57,981,785
80$226,294,376$7,222,820$0$63,510,213
81$249,130,876$7,331,211$0$69,604,063
82$274,288,964$7,437,179$0$76,310,630
83$302,005,199$7,540,362$0$83,692,289
84$332,540,261$7,640,372$0$91,817,786
85$366,181,411$7,736,794$0$100,762,879
86$403,245,204$7,829,185$0$110,611,061
87$444,080,471$7,917,072$0$121,454,347
88$489,071,620$7,999,949$0$133,394,142
89$538,642,256$8,077,278$0$146,542,203
90$593,259,186$8,148,484$0$161,021,694
91$653,436,818$8,212,954$0$176,968,348
92$719,742,022$8,270,038$0$194,531,753
93$792,799,478$8,319,040$0$213,876,767
94$873,297,574$8,359,222$0$235,185,072
95$961,994,901$8,389,798$0$258,656,893
96$1,059,727,416$8,409,933$0$284,512,894
97$1,167,416,332$8,418,739$0$312,996,257
98$1,286,076,814$8,415,273$0$344,374,986
99$1,416,827,561$8,398,534$0$378,944,437
100$1,560,901,369$8,367,459$0$417,030,110