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%16.3%
1 years$197,364$195,606$193,891$192,217$190,582$185,673
2 years$97,705$95,885$94,122$92,412$90,753$85,841
3 years$64,490$62,662$60,903$59,209$57,578$52,815
4 years$47,885$46,063$44,322$42,657$41,065$36,488
5 years$37,925$36,114$34,396$32,765$31,217$26,839
6 years$31,287$29,490$27,797$26,202$24,701$20,526
7 years$26,548$24,766$23,099$21,542$20,088$16,117
8 years$22,995$21,229$19,590$18,071$16,665$12,896
9 years$20,233$18,483$16,873$15,393$14,035$10,464
10 years$18,025$16,292$14,710$13,269$11,958$8,581
11 years$16,219$14,504$12,951$11,548$10,284$7,097
12 years$14,715$13,018$11,493$10,129$8,912$5,908
13 years$13,444$11,764$10,268$8,942$7,772$4,944
14 years$12,355$10,694$9,226$7,938$6,813$4,156
15 years$11,413$9,769$8,330$7,079$5,998$3,506
16 years$10,589$8,963$7,552$6,339$5,301$2,967
17 years$9,862$8,254$6,872$5,695$4,701$2,516
18 years$9,217$7,627$6,274$5,133$4,180$2,139
19 years$8,641$7,069$5,743$4,638$3,725$1,821
20 years$8,123$6,569$5,271$4,200$3,327$1,553
21 years$7,655$6,119$4,848$3,812$2,978$1,325
22 years$7,230$5,711$4,468$3,466$2,669$1,133
23 years$6,842$5,342$4,126$3,157$2,396$969
24 years$6,488$5,005$3,816$2,879$2,154$829
25 years$6,162$4,697$3,534$2,629$1,938$710
26 years$5,862$4,414$3,278$2,404$1,746$609
27 years$5,584$4,154$3,044$2,201$1,574$522
28 years$5,327$3,915$2,829$2,016$1,420$448
29 years$5,088$3,693$2,633$1,849$1,282$384
30 years$4,865$3,488$2,453$1,697$1,159$330
31 years$4,657$3,297$2,286$1,558$1,047$283
32 years$4,463$3,120$2,133$1,432$948$243
33 years$4,280$2,954$1,992$1,317$858$209
34 years$4,109$2,800$1,861$1,212$776$179
35 years$3,948$2,656$1,740$1,115$703$154
36 years$3,796$2,521$1,628$1,027$637$132
37 years$3,653$2,394$1,523$947$577$114
38 years$3,517$2,275$1,427$872$524$98
39 years$3,389$2,164$1,337$804$475$84
40 years$3,268$2,058$1,253$742$431$72
41 years$3,152$1,959$1,175$685$391$62
42 years$3,043$1,866$1,102$632$354$53
43 years$2,939$1,778$1,034$583$322$46
44 years$2,840$1,695$971$538$292$39
45 years$2,745$1,616$911$497$265$34
46 years$2,655$1,542$856$459$241$29
47 years$2,569$1,471$804$424$219$25
48 years$2,487$1,405$756$392$198$22
49 years$2,409$1,341$710$362$180$19
50 years$2,333$1,281$668$335$164$16

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 $6,235 every year, while hoping to spend $53,827 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: 71/14/15 Blend
29$2,390,000$2,390,000$2,390,000$2,390,000
30$2,640,211$2,513,541$2,476,496$2,818,270
31$2,852,241$2,579,433$2,502,188$3,003,196
32$3,084,095$2,646,750$2,526,935$3,198,477
33$3,337,736$2,715,504$2,550,651$3,410,862
34$3,615,329$2,785,708$2,573,242$3,642,031
35$3,919,256$2,857,372$2,594,610$3,893,834
36$4,252,142$2,930,505$2,614,651$4,168,310
37$4,616,876$3,005,115$2,633,257$4,467,704
38$5,016,639$3,081,208$2,650,313$4,794,489
39$5,454,937$3,158,787$2,665,699$5,151,389
40$5,935,629$3,237,856$2,679,289$5,541,406
41$6,462,967$3,318,415$2,690,948$5,967,845
42$7,041,633$3,400,461$2,700,539$6,434,349
43$7,676,786$3,483,989$2,707,913$6,944,929
44$8,374,107$3,568,994$2,712,916$7,504,007
45$9,139,854$3,655,463$2,715,388$8,116,453
46$9,980,923$3,743,384$2,715,157$8,787,633
47$10,904,908$3,832,741$2,712,046$9,523,460
48$11,920,177$3,923,513$2,705,867$10,330,449
49$13,035,946$4,015,677$2,696,425$11,215,779
50$14,262,371$4,109,204$2,683,514$12,187,358
51$15,610,640$4,204,061$2,666,918$13,253,902
52$17,093,077$4,300,212$2,646,412$14,425,015
53$18,723,263$4,397,614$2,621,758$15,711,279
54$20,516,158$4,496,220$2,592,710$17,124,355
55$22,488,247$4,595,975$2,559,006$18,677,093
56$24,657,691$4,696,821$2,520,376$20,383,651
57$27,044,502$4,798,691$2,476,535$22,259,634
58$29,670,726$4,901,513$2,427,184$24,322,235
59$32,560,658$5,005,204$2,372,012$26,590,401
60$35,741,063$5,109,677$2,310,693$29,085,013
61$39,241,435$5,214,835$2,242,885$31,829,080
62$43,094,271$5,320,572$2,168,230$34,847,956
63$47,335,377$5,426,770$2,086,357$38,169,585
64$52,004,210$5,533,306$1,996,874$41,824,757
65$57,144,242$5,640,042$1,899,373$45,847,404
66$62,803,380$5,746,829$1,793,427$50,274,922
67$69,034,408$5,853,507$1,678,590$55,148,518
68$75,895,492$5,959,902$1,554,396$60,513,603
69$83,450,722$6,065,827$1,420,359$66,420,222
70$91,770,723$6,171,080$1,275,968$72,923,525
71$100,933,317$6,275,444$1,120,694$80,084,287
72$111,024,259$6,378,684$953,980$87,969,485
73$122,138,042$6,480,548$775,247$96,652,925
74$134,378,794$6,580,767$583,890$106,215,947
75$147,861,257$6,679,050$379,276$116,748,187
76$162,711,870$6,775,089$160,747$128,348,425
77$179,069,962$6,868,549$0$141,125,521
78$197,089,066$6,959,075$0$155,211,037
79$216,938,368$7,046,287$0$170,753,788
80$238,804,304$7,129,779$0$187,873,830
81$262,892,321$7,209,115$0$206,731,844
82$289,428,809$7,283,833$0$227,504,895
83$318,663,246$7,353,439$0$250,388,105
84$350,870,545$7,417,406$0$275,596,494
85$386,353,653$7,475,171$0$303,367,011
86$425,446,409$7,526,138$0$333,960,769
87$468,516,694$7,569,670$0$367,665,512
88$515,969,903$7,605,090$0$404,798,329
89$568,252,771$7,631,677$0$445,708,648
90$625,857,590$7,648,667$0$490,781,535
91$689,326,857$7,655,244$0$540,441,329
92$759,258,391$7,650,545$0$595,155,649
93$836,310,977$7,633,651$0$655,439,806
94$921,210,586$7,603,590$0$721,861,671
95$1,014,757,225$7,559,326$0$795,047,032
96$1,117,832,492$7,499,762$0$875,685,506
97$1,231,407,891$7,423,736$0$964,537,047
98$1,356,554,011$7,330,013$0$1,062,439,121
99$1,494,450,624$7,217,288$0$1,170,314,615
100$1,646,397,826$7,084,174$0$1,289,180,545