Can I retire at age 30 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$197,364$195,606$193,891$192,217$190,582$189,540
2 years$97,705$95,885$94,122$92,412$90,753$89,702
3 years$64,490$62,662$60,903$59,209$57,578$56,549
4 years$47,885$46,063$44,322$42,657$41,065$40,067
5 years$37,925$36,114$34,396$32,765$31,217$30,253
6 years$31,287$29,490$27,797$26,202$24,701$23,773
7 years$26,548$24,766$23,099$21,542$20,088$19,196
8 years$22,995$21,229$19,590$18,071$16,665$15,809
9 years$20,233$18,483$16,873$15,393$14,035$13,213
10 years$18,025$16,292$14,710$13,269$11,958$11,172
11 years$16,219$14,504$12,951$11,548$10,284$9,533
12 years$14,715$13,018$11,493$10,129$8,912$8,195
13 years$13,444$11,764$10,268$8,942$7,772$7,087
14 years$12,355$10,694$9,226$7,938$6,813$6,161
15 years$11,413$9,769$8,330$7,079$5,998$5,378
16 years$10,589$8,963$7,552$6,339$5,301$4,712
17 years$9,862$8,254$6,872$5,695$4,701$4,141
18 years$9,217$7,627$6,274$5,133$4,180$3,649
19 years$8,641$7,069$5,743$4,638$3,725$3,223
20 years$8,123$6,569$5,271$4,200$3,327$2,852
21 years$7,655$6,119$4,848$3,812$2,978$2,528
22 years$7,230$5,711$4,468$3,466$2,669$2,245
23 years$6,842$5,342$4,126$3,157$2,396$1,996
24 years$6,488$5,005$3,816$2,879$2,154$1,776
25 years$6,162$4,697$3,534$2,629$1,938$1,583
26 years$5,862$4,414$3,278$2,404$1,746$1,411
27 years$5,584$4,154$3,044$2,201$1,574$1,260
28 years$5,327$3,915$2,829$2,016$1,420$1,125
29 years$5,088$3,693$2,633$1,849$1,282$1,005
30 years$4,865$3,488$2,453$1,697$1,159$899
31 years$4,657$3,297$2,286$1,558$1,047$804
32 years$4,463$3,120$2,133$1,432$948$720
33 years$4,280$2,954$1,992$1,317$858$645
34 years$4,109$2,800$1,861$1,212$776$577
35 years$3,948$2,656$1,740$1,115$703$517
36 years$3,796$2,521$1,628$1,027$637$464
37 years$3,653$2,394$1,523$947$577$416
38 years$3,517$2,275$1,427$872$524$373
39 years$3,389$2,164$1,337$804$475$334
40 years$3,268$2,058$1,253$742$431$300
41 years$3,152$1,959$1,175$685$391$269
42 years$3,043$1,866$1,102$632$354$241
43 years$2,939$1,778$1,034$583$322$217
44 years$2,840$1,695$971$538$292$194
45 years$2,745$1,616$911$497$265$175
46 years$2,655$1,542$856$459$241$157
47 years$2,569$1,471$804$424$219$141
48 years$2,487$1,405$756$392$198$126
49 years$2,409$1,341$710$362$180$113
50 years$2,333$1,281$668$335$164$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,390,000, adding $2,240 every year, while hoping to spend $52,073 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: 39/45/16 Blend
29$2,390,000$2,390,000$2,390,000$2,390,000
30$2,636,091$2,509,421$2,472,376$2,726,188
31$2,849,567$2,576,977$2,499,795$2,858,237
32$3,083,072$2,646,098$2,526,387$2,995,737
33$3,338,594$2,716,806$2,552,071$3,143,301
34$3,618,323$2,789,122$2,576,757$3,301,866
35$3,924,669$2,863,066$2,600,356$3,472,464
36$4,260,286$2,938,657$2,622,768$3,656,227
37$4,628,099$3,015,914$2,643,894$3,854,405
38$5,031,325$3,094,855$2,663,626$4,068,372
39$5,473,513$3,175,495$2,681,849$4,299,641
40$5,958,567$3,257,850$2,698,447$4,549,878
41$6,490,789$3,341,933$2,713,293$4,820,918
42$7,074,918$3,427,757$2,726,257$5,114,781
43$7,716,174$3,515,330$2,737,201$5,433,694
44$8,420,305$3,604,663$2,745,978$5,780,106
45$9,193,646$3,695,761$2,752,438$6,156,719
46$10,043,173$3,788,629$2,756,420$6,566,507
47$10,976,573$3,883,268$2,757,757$7,012,746
48$12,002,313$3,979,678$2,756,272$7,499,045
49$13,129,722$4,077,855$2,751,779$8,029,384
50$14,369,076$4,177,793$2,744,087$8,608,142
51$15,731,699$4,279,481$2,732,990$9,240,148
52$17,230,064$4,382,907$2,718,277$9,930,723
53$18,877,914$4,488,054$2,699,723$10,685,727
54$20,690,392$4,594,899$2,677,095$11,511,621
55$22,684,182$4,703,419$2,650,147$12,415,521
56$24,877,664$4,813,582$2,618,622$13,405,272
57$27,291,091$4,925,353$2,582,252$14,489,517
58$29,946,780$5,038,693$2,540,755$15,677,781
59$32,869,316$5,153,553$2,493,835$16,980,561
60$36,085,792$5,269,883$2,441,184$18,409,425
61$39,626,058$5,387,623$2,382,479$19,977,121
62$43,523,007$5,506,707$2,317,383$21,697,698
63$47,812,879$5,627,061$2,245,541$23,586,639
64$52,535,610$5,748,605$2,166,583$25,661,009
65$57,735,203$5,871,247$2,080,125$27,939,613
66$63,460,144$5,994,889$1,985,759$30,443,176
67$69,763,862$6,119,421$1,883,066$33,194,539
68$76,705,229$6,244,726$1,771,601$36,218,876
69$84,349,117$6,370,672$1,650,905$39,543,930
70$92,767,010$6,497,118$1,520,493$43,200,277
71$102,037,678$6,623,910$1,379,863$47,221,616
72$112,247,920$6,750,881$1,228,487$51,645,084
73$123,493,382$6,877,848$1,065,816$56,511,612
74$135,879,461$7,004,617$891,274$61,866,312
75$149,522,298$7,130,974$704,263$67,758,898
76$164,549,872$7,256,691$504,156$74,244,163
77$181,103,212$7,381,522$290,298$81,382,493
78$199,337,724$7,505,202$62,008$89,240,443
79$219,424,659$7,627,444$0$97,891,360
80$241,552,728$7,747,942$0$107,447,086
81$265,929,882$7,866,367$0$117,979,019
82$292,785,278$7,982,367$0$129,574,881
83$322,371,436$8,095,563$0$142,343,021
84$354,966,627$8,205,550$0$156,402,842
85$390,877,497$8,311,896$0$171,885,930
86$430,441,960$8,414,138$0$188,937,293
87$474,032,390$8,511,780$0$207,716,737
88$522,059,132$8,604,296$0$228,400,369
89$574,974,378$8,691,121$0$251,182,266
90$633,276,434$8,771,654$0$276,276,304
91$697,514,421$8,845,256$0$303,918,182
92$768,293,462$8,911,244$0$334,367,646
93$846,280,392$8,968,891$0$367,910,945
94$932,210,049$9,017,425$0$404,863,532
95$1,026,892,217$9,056,022$0$445,573,044
96$1,131,219,264$9,083,807$0$490,422,592
97$1,246,174,566$9,099,851$0$539,834,369
98$1,372,841,794$9,103,166$0$594,273,648
99$1,512,415,138$9,092,702$0$654,253,172
100$1,666,210,583$9,067,345$0$720,337,997