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%15.1%
1 years$197,364$195,606$193,891$192,217$190,582$186,581
2 years$97,705$95,885$94,122$92,412$90,753$86,742
3 years$64,490$62,662$60,903$59,209$57,578$53,680
4 years$47,885$46,063$44,322$42,657$41,065$37,311
5 years$37,925$36,114$34,396$32,765$31,217$27,618
6 years$31,287$29,490$27,797$26,202$24,701$21,261
7 years$26,548$24,766$23,099$21,542$20,088$16,808
8 years$22,995$21,229$19,590$18,071$16,665$13,543
9 years$20,233$18,483$16,873$15,393$14,035$11,068
10 years$18,025$16,292$14,710$13,269$11,958$9,145
11 years$16,219$14,504$12,951$11,548$10,284$7,621
12 years$14,715$13,018$11,493$10,129$8,912$6,394
13 years$13,444$11,764$10,268$8,942$7,772$5,394
14 years$12,355$10,694$9,226$7,938$6,813$4,572
15 years$11,413$9,769$8,330$7,079$5,998$3,889
16 years$10,589$8,963$7,552$6,339$5,301$3,319
17 years$9,862$8,254$6,872$5,695$4,701$2,840
18 years$9,217$7,627$6,274$5,133$4,180$2,435
19 years$8,641$7,069$5,743$4,638$3,725$2,092
20 years$8,123$6,569$5,271$4,200$3,327$1,800
21 years$7,655$6,119$4,848$3,812$2,978$1,551
22 years$7,230$5,711$4,468$3,466$2,669$1,338
23 years$6,842$5,342$4,126$3,157$2,396$1,155
24 years$6,488$5,005$3,816$2,879$2,154$998
25 years$6,162$4,697$3,534$2,629$1,938$863
26 years$5,862$4,414$3,278$2,404$1,746$747
27 years$5,584$4,154$3,044$2,201$1,574$647
28 years$5,327$3,915$2,829$2,016$1,420$560
29 years$5,088$3,693$2,633$1,849$1,282$485
30 years$4,865$3,488$2,453$1,697$1,159$421
31 years$4,657$3,297$2,286$1,558$1,047$365
32 years$4,463$3,120$2,133$1,432$948$316
33 years$4,280$2,954$1,992$1,317$858$275
34 years$4,109$2,800$1,861$1,212$776$238
35 years$3,948$2,656$1,740$1,115$703$207
36 years$3,796$2,521$1,628$1,027$637$179
37 years$3,653$2,394$1,523$947$577$156
38 years$3,517$2,275$1,427$872$524$135
39 years$3,389$2,164$1,337$804$475$117
40 years$3,268$2,058$1,253$742$431$102
41 years$3,152$1,959$1,175$685$391$89
42 years$3,043$1,866$1,102$632$354$77
43 years$2,939$1,778$1,034$583$322$67
44 years$2,840$1,695$971$538$292$58
45 years$2,745$1,616$911$497$265$50
46 years$2,655$1,542$856$459$241$44
47 years$2,569$1,471$804$424$219$38
48 years$2,487$1,405$756$392$198$33
49 years$2,409$1,341$710$362$180$29
50 years$2,333$1,281$668$335$164$25

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 $5,244 every year, while hoping to spend $41,506 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: 71/23/6 Blend
29$2,390,000$2,390,000$2,390,000$2,390,000
30$2,639,189$2,512,519$2,475,474$2,824,190
31$2,864,224$2,591,471$2,514,241$3,025,963
32$3,110,822$2,672,899$2,552,914$3,241,070
33$3,381,138$2,756,883$2,591,449$3,475,346
34$3,677,546$2,843,503$2,629,794$3,730,664
35$4,002,660$2,932,839$2,667,897$4,009,089
36$4,359,362$3,024,978$2,705,702$4,312,889
37$4,750,823$3,120,008$2,743,149$4,644,564
38$5,180,537$3,218,019$2,780,175$5,006,868
39$5,652,353$3,319,103$2,816,712$5,402,829
40$6,170,512$3,423,358$2,852,691$5,835,784
41$6,739,684$3,530,883$2,888,036$6,309,408
42$7,365,015$3,641,779$2,922,668$6,827,745
43$8,052,173$3,756,152$2,956,504$7,395,252
44$8,807,402$3,874,112$2,989,454$8,016,835
45$9,637,583$3,995,769$3,021,427$8,697,898
46$10,550,295$4,121,240$3,052,324$9,444,395
47$11,553,889$4,250,645$3,082,040$10,262,880
48$12,657,564$4,384,105$3,110,467$11,160,577
49$13,871,457$4,521,748$3,137,489$12,145,438
50$15,206,736$4,663,704$3,162,985$13,226,226
51$16,675,706$4,810,108$3,186,828$14,412,594
52$18,291,925$4,961,099$3,208,883$15,715,174
53$20,070,329$5,116,821$3,229,009$17,145,681
54$22,027,378$5,277,421$3,247,056$18,717,018
55$24,181,208$5,443,052$3,262,869$20,443,403
56$26,551,799$5,613,870$3,276,284$22,340,497
57$29,161,171$5,790,037$3,287,127$24,425,557
58$32,033,582$5,971,721$3,295,218$26,717,593
59$35,195,766$6,159,094$3,300,366$29,237,551
60$38,677,177$6,352,333$3,302,372$32,008,508
61$42,510,273$6,551,621$3,301,025$35,055,890
62$46,730,817$6,757,146$3,296,106$38,407,713
63$51,378,219$6,969,105$3,287,383$42,094,843
64$56,495,902$7,187,696$3,274,616$46,151,290
65$62,131,718$7,413,127$3,257,549$50,614,528
66$68,338,394$7,645,611$3,235,918$55,525,848
67$75,174,032$7,885,367$3,209,443$60,930,745
68$82,702,656$8,132,624$3,177,832$66,879,351
69$90,994,818$8,387,613$3,140,780$73,426,903
70$100,128,259$8,650,576$3,097,967$80,634,268
71$110,188,649$8,921,761$3,049,056$88,568,514
72$121,270,388$9,201,425$2,993,696$97,303,542
73$133,477,504$9,489,831$2,931,521$106,920,787
74$146,924,628$9,787,251$2,862,146$117,509,981
75$161,738,079$10,093,966$2,785,167$129,170,002
76$178,057,058$10,410,265$2,700,165$142,009,806
77$196,034,956$10,736,445$2,606,698$156,149,456
78$215,840,805$11,072,816$2,504,307$171,721,252
79$237,660,876$11,419,692$2,392,509$188,870,982
80$261,700,429$11,777,401$2,270,802$207,759,295
81$288,185,659$12,146,279$2,138,660$228,563,218
82$317,365,822$12,526,673$1,995,532$251,477,826
83$349,515,598$12,918,942$1,840,843$276,718,084
84$384,937,672$13,323,453$1,673,994$304,520,871
85$423,965,599$13,740,587$1,494,358$335,147,221
86$466,966,949$14,170,735$1,301,278$368,884,783
87$514,346,779$14,614,302$1,094,072$406,050,536
88$566,551,451$15,071,703$872,024$446,993,781
89$624,072,850$15,543,368$634,388$492,099,435
90$687,453,027$16,029,739$380,386$541,791,669
91$757,289,311$16,531,271$109,204$596,537,906
92$834,239,952$17,048,435$0$656,853,236
93$919,030,333$17,581,714$0$723,316,810
94$1,012,459,818$18,131,609$0$796,550,806
95$1,115,409,294$18,698,632$0$877,237,573
96$1,228,849,491$19,283,315$0$966,136,759
97$1,353,850,145$19,886,203$0$1,064,085,477
98$1,491,590,093$20,507,860$0$1,172,006,209
99$1,643,368,404$21,148,866$0$1,290,915,514
100$1,810,616,639$21,809,819$0$1,421,933,618