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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$197,364$195,606$193,891$192,217$190,582$186,429
2 years$97,705$95,885$94,122$92,412$90,753$86,590
3 years$64,490$62,662$60,903$59,209$57,578$53,535
4 years$47,885$46,063$44,322$42,657$41,065$37,173
5 years$37,925$36,114$34,396$32,765$31,217$27,487
6 years$31,287$29,490$27,797$26,202$24,701$21,136
7 years$26,548$24,766$23,099$21,542$20,088$16,691
8 years$22,995$21,229$19,590$18,071$16,665$13,433
9 years$20,233$18,483$16,873$15,393$14,035$10,965
10 years$18,025$16,292$14,710$13,269$11,958$9,048
11 years$16,219$14,504$12,951$11,548$10,284$7,531
12 years$14,715$13,018$11,493$10,129$8,912$6,310
13 years$13,444$11,764$10,268$8,942$7,772$5,317
14 years$12,355$10,694$9,226$7,938$6,813$4,500
15 years$11,413$9,769$8,330$7,079$5,998$3,823
16 years$10,589$8,963$7,552$6,339$5,301$3,258
17 years$9,862$8,254$6,872$5,695$4,701$2,783
18 years$9,217$7,627$6,274$5,133$4,180$2,383
19 years$8,641$7,069$5,743$4,638$3,725$2,044
20 years$8,123$6,569$5,271$4,200$3,327$1,756
21 years$7,655$6,119$4,848$3,812$2,978$1,511
22 years$7,230$5,711$4,468$3,466$2,669$1,301
23 years$6,842$5,342$4,126$3,157$2,396$1,122
24 years$6,488$5,005$3,816$2,879$2,154$968
25 years$6,162$4,697$3,534$2,629$1,938$836
26 years$5,862$4,414$3,278$2,404$1,746$722
27 years$5,584$4,154$3,044$2,201$1,574$624
28 years$5,327$3,915$2,829$2,016$1,420$540
29 years$5,088$3,693$2,633$1,849$1,282$467
30 years$4,865$3,488$2,453$1,697$1,159$404
31 years$4,657$3,297$2,286$1,558$1,047$350
32 years$4,463$3,120$2,133$1,432$948$303
33 years$4,280$2,954$1,992$1,317$858$262
34 years$4,109$2,800$1,861$1,212$776$227
35 years$3,948$2,656$1,740$1,115$703$197
36 years$3,796$2,521$1,628$1,027$637$171
37 years$3,653$2,394$1,523$947$577$148
38 years$3,517$2,275$1,427$872$524$128
39 years$3,389$2,164$1,337$804$475$111
40 years$3,268$2,058$1,253$742$431$96
41 years$3,152$1,959$1,175$685$391$83
42 years$3,043$1,866$1,102$632$354$72
43 years$2,939$1,778$1,034$583$322$63
44 years$2,840$1,695$971$538$292$54
45 years$2,745$1,616$911$497$265$47
46 years$2,655$1,542$856$459$241$41
47 years$2,569$1,471$804$424$219$35
48 years$2,487$1,405$756$392$198$31
49 years$2,409$1,341$710$362$180$27
50 years$2,333$1,281$668$335$164$23

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 $4,181 every year, while hoping to spend $46,501 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: 43/48/9 Blend
29$2,390,000$2,390,000$2,390,000$2,390,000
30$2,638,093$2,511,423$2,474,378$2,744,489
31$2,857,701$2,585,006$2,507,793$2,892,498
32$3,098,152$2,660,636$2,540,768$3,047,696
33$3,361,520$2,738,364$2,573,241$3,214,767
34$3,650,094$2,818,243$2,605,144$3,394,815
35$3,966,393$2,900,325$2,636,405$3,589,055
36$4,313,189$2,984,665$2,666,948$3,798,820
37$4,693,538$3,071,318$2,696,695$4,025,578
38$5,110,806$3,160,339$2,725,561$4,270,946
39$5,568,698$3,251,786$2,753,458$4,536,700
40$6,071,299$3,345,717$2,780,292$4,824,794
41$6,623,104$3,442,190$2,805,965$5,137,382
42$7,229,068$3,541,265$2,830,372$5,476,830
43$7,894,648$3,643,002$2,853,405$5,845,745
44$8,625,857$3,747,463$2,874,948$6,246,997
45$9,429,316$3,854,711$2,894,880$6,683,743
46$10,312,322$3,964,807$2,913,075$7,159,462
47$11,282,912$4,077,817$2,929,397$7,677,982
48$12,349,944$4,193,804$2,943,706$8,243,518
49$13,523,172$4,312,834$2,955,853$8,860,714
50$14,813,345$4,434,973$2,965,685$9,534,681
51$16,232,307$4,560,287$2,973,036$10,271,050
52$17,793,105$4,688,844$2,977,735$11,076,022
53$19,510,115$4,820,711$2,979,602$11,956,426
54$21,399,176$4,955,955$2,978,449$12,919,784
55$23,477,741$5,094,646$2,974,076$13,974,384
56$25,765,040$5,236,852$2,966,276$15,129,352
57$28,282,258$5,382,643$2,954,831$16,394,743
58$31,052,742$5,532,086$2,939,511$17,781,633
59$34,102,215$5,685,251$2,920,078$19,302,224
60$37,459,020$5,842,208$2,896,280$20,969,958
61$41,154,388$6,003,024$2,867,853$22,799,645
62$45,222,732$6,167,768$2,834,522$24,807,601
63$49,701,970$6,336,509$2,795,999$27,011,801
64$54,633,887$6,509,313$2,751,980$29,432,050
65$60,064,521$6,686,248$2,702,150$32,090,172
66$66,044,607$6,867,378$2,646,176$35,010,207
67$72,630,047$7,052,770$2,583,713$38,218,646
68$79,882,442$7,242,486$2,514,398$41,744,680
69$87,869,671$7,436,588$2,437,850$45,620,468
70$96,666,533$7,635,136$2,353,674$49,881,449
71$106,355,451$7,838,189$2,261,453$54,566,671
72$117,027,250$8,045,803$2,160,755$59,719,160
73$128,782,014$8,258,032$2,051,125$65,386,328
74$141,730,030$8,474,927$1,932,088$71,620,417
75$155,992,830$8,696,535$1,803,150$78,478,995
76$171,704,335$8,922,902$1,663,792$86,025,496
77$189,012,121$9,154,068$1,513,473$94,329,821
78$208,078,811$9,390,070$1,351,627$103,468,997
79$229,083,608$9,630,942$1,177,665$113,527,904
80$252,223,987$9,876,710$990,968$124,600,074
81$277,717,562$10,127,397$790,894$136,788,577
82$305,804,134$10,383,019$576,769$150,206,991
83$336,747,956$10,643,588$347,891$164,980,477
84$370,840,229$10,909,106$103,528$181,246,956
85$408,401,851$11,179,569$0$199,158,416
86$449,786,438$11,454,967$0$218,897,445
87$495,383,674$11,735,279$0$240,645,100
88$545,622,976$12,020,476$0$264,594,897
89$600,977,557$12,310,517$0$290,971,054
90$661,968,889$12,605,353$0$320,020,649
91$729,171,622$12,904,921$0$352,015,955
92$803,219,014$13,209,149$0$387,257,011
93$884,808,904$13,517,949$0$426,074,449
94$974,710,302$13,831,218$0$468,832,622
95$1,073,770,646$14,148,841$0$515,933,037
96$1,182,923,802$14,470,683$0$567,818,149
97$1,303,198,878$14,796,596$0$624,975,535
98$1,435,729,944$15,126,408$0$687,942,500
99$1,581,766,728$15,459,933$0$757,311,146
100$1,742,686,423$15,796,958$0$833,733,961