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%13.1%
1 years$197,364$195,606$193,891$192,217$190,582$188,122
2 years$97,705$95,885$94,122$92,412$90,753$88,279
3 years$64,490$62,662$60,903$59,209$57,578$55,165
4 years$47,885$46,063$44,322$42,657$41,065$38,733
5 years$37,925$36,114$34,396$32,765$31,217$28,972
6 years$31,287$29,490$27,797$26,202$24,701$22,547
7 years$26,548$24,766$23,099$21,542$20,088$18,025
8 years$22,995$21,229$19,590$18,071$16,665$14,692
9 years$20,233$18,483$16,873$15,393$14,035$12,152
10 years$18,025$16,292$14,710$13,269$11,958$10,164
11 years$16,219$14,504$12,951$11,548$10,284$8,577
12 years$14,715$13,018$11,493$10,129$8,912$7,289
13 years$13,444$11,764$10,268$8,942$7,772$6,232
14 years$12,355$10,694$9,226$7,938$6,813$5,353
15 years$11,413$9,769$8,330$7,079$5,998$4,617
16 years$10,589$8,963$7,552$6,339$5,301$3,995
17 years$9,862$8,254$6,872$5,695$4,701$3,468
18 years$9,217$7,627$6,274$5,133$4,180$3,017
19 years$8,641$7,069$5,743$4,638$3,725$2,630
20 years$8,123$6,569$5,271$4,200$3,327$2,297
21 years$7,655$6,119$4,848$3,812$2,978$2,009
22 years$7,230$5,711$4,468$3,466$2,669$1,760
23 years$6,842$5,342$4,126$3,157$2,396$1,543
24 years$6,488$5,005$3,816$2,879$2,154$1,355
25 years$6,162$4,697$3,534$2,629$1,938$1,190
26 years$5,862$4,414$3,278$2,404$1,746$1,047
27 years$5,584$4,154$3,044$2,201$1,574$921
28 years$5,327$3,915$2,829$2,016$1,420$811
29 years$5,088$3,693$2,633$1,849$1,282$714
30 years$4,865$3,488$2,453$1,697$1,159$629
31 years$4,657$3,297$2,286$1,558$1,047$555
32 years$4,463$3,120$2,133$1,432$948$489
33 years$4,280$2,954$1,992$1,317$858$432
34 years$4,109$2,800$1,861$1,212$776$381
35 years$3,948$2,656$1,740$1,115$703$336
36 years$3,796$2,521$1,628$1,027$637$297
37 years$3,653$2,394$1,523$947$577$262
38 years$3,517$2,275$1,427$872$524$231
39 years$3,389$2,164$1,337$804$475$204
40 years$3,268$2,058$1,253$742$431$180
41 years$3,152$1,959$1,175$685$391$159
42 years$3,043$1,866$1,102$632$354$141
43 years$2,939$1,778$1,034$583$322$124
44 years$2,840$1,695$971$538$292$110
45 years$2,745$1,616$911$497$265$97
46 years$2,655$1,542$856$459$241$86
47 years$2,569$1,471$804$424$219$76
48 years$2,487$1,405$756$392$198$67
49 years$2,409$1,341$710$362$180$59
50 years$2,333$1,281$668$335$164$52

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 $6,209 every year, while hoping to spend $44,196 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: 76/5/19 Blend
29$2,390,000$2,390,000$2,390,000$2,390,000
30$2,640,185$2,513,515$2,476,470$2,828,780
31$2,862,459$2,589,653$2,512,407$3,030,603
32$3,105,925$2,668,040$2,548,067$3,245,752
33$3,372,696$2,748,741$2,583,394$3,480,479
34$3,665,101$2,831,820$2,618,328$3,736,728
35$3,985,706$2,917,344$2,652,807$4,016,638
36$4,337,336$3,005,381$2,686,764$4,322,565
37$4,723,103$3,096,003$2,720,129$4,657,107
38$5,146,433$3,189,281$2,752,827$5,023,122
39$5,611,103$3,285,290$2,784,781$5,423,761
40$6,121,271$3,384,104$2,815,906$5,862,495
41$6,681,517$3,485,802$2,846,116$6,343,148
42$7,296,889$3,590,464$2,875,318$6,869,933
43$7,972,946$3,698,170$2,903,415$7,447,490
44$8,715,810$3,809,005$2,930,304$8,080,933
45$9,532,231$3,923,054$2,955,877$8,775,896
46$10,429,639$4,040,405$2,980,019$9,538,587
47$11,416,225$4,161,147$3,002,612$10,375,845
48$12,501,009$4,285,372$3,023,529$11,295,207
49$13,693,932$4,413,175$3,042,637$12,304,975
50$15,005,944$4,544,652$3,059,797$13,414,301
51$16,449,111$4,679,901$3,074,861$14,633,264
52$18,036,727$4,819,022$3,087,675$15,972,975
53$19,783,438$4,962,120$3,098,077$17,445,675
54$21,705,384$5,109,298$3,105,898$19,064,851
55$23,820,345$5,260,666$3,110,957$20,845,367
56$26,147,914$5,416,332$3,113,068$22,803,600
57$28,709,679$5,576,410$3,112,033$24,957,600
58$31,529,426$5,741,014$3,107,646$27,327,253
59$34,633,365$5,910,261$3,099,690$29,934,474
60$38,050,375$6,084,272$3,087,937$32,803,413
61$41,812,280$6,263,167$3,072,150$35,960,681
62$45,954,143$6,447,073$3,052,077$39,435,603
63$50,514,602$6,636,116$3,027,458$43,260,494
64$55,536,232$6,830,426$2,998,018$47,470,965
65$61,065,946$7,030,135$2,963,470$52,106,257
66$67,155,439$7,235,378$2,923,513$57,209,615
67$73,861,674$7,446,292$2,877,831$62,828,692
68$81,247,421$7,663,017$2,826,094$69,016,001
69$89,381,848$7,885,694$2,767,958$75,829,413
70$98,341,172$8,114,470$2,703,061$83,332,698
71$108,209,383$8,349,490$2,631,025$91,596,132
72$119,079,030$8,590,904$2,551,454$100,697,158
73$131,052,098$8,838,866$2,463,934$110,721,117
74$144,240,969$9,093,527$2,368,034$121,762,057
75$158,769,484$9,355,047$2,263,299$133,923,615
76$174,774,110$9,623,583$2,149,258$147,320,001
77$192,405,227$9,899,296$2,025,416$162,077,073
78$211,828,549$10,182,350$1,891,257$178,333,528
79$233,226,687$10,472,911$1,746,239$196,242,209
80$256,800,871$10,771,145$1,589,800$215,971,550
81$282,772,851$11,077,223$1,421,349$237,707,163
82$311,386,989$11,391,314$1,240,272$261,653,595
83$342,912,565$11,713,592$1,045,925$288,036,258
84$377,646,319$12,044,230$837,636$317,103,555
85$415,915,252$12,383,406$614,705$349,129,227
86$458,079,709$12,731,294$376,399$384,414,938
87$504,536,786$13,088,074$121,955$423,293,122
88$555,724,072$13,453,924$0$466,130,124
89$612,123,785$13,829,023$0$513,359,980
90$674,267,317$14,213,552$0$565,425,615
91$742,740,258$14,607,690$0$622,792,729
92$818,187,915$15,011,618$0$686,001,789
93$901,321,410$15,425,514$0$755,648,382
94$992,924,389$15,849,560$0$832,388,835
95$1,093,860,419$16,283,931$0$916,946,412
96$1,205,081,144$16,728,806$0$1,010,118,141
97$1,327,635,262$17,184,358$0$1,112,782,336
98$1,462,678,429$17,650,762$0$1,225,906,890
99$1,611,484,167$18,128,187$0$1,350,558,410
100$1,775,455,884$18,616,801$0$1,487,912,288