Can I retire at age 30 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$205,622$203,790$202,003$200,259$198,556$195,428
2 years$101,793$99,897$98,060$96,278$94,551$91,407
3 years$67,188$65,284$63,451$61,687$59,987$56,925
4 years$49,889$47,991$46,176$44,442$42,783$39,828
5 years$39,512$37,625$35,835$34,135$32,523$29,682
6 years$32,596$30,724$28,960$27,298$25,734$23,012
7 years$27,659$25,802$24,066$22,444$20,929$18,325
8 years$23,957$22,117$20,410$18,827$17,363$14,877
9 years$21,079$19,257$17,579$16,037$14,622$12,253
10 years$18,779$16,974$15,326$13,824$12,458$10,205
11 years$16,898$15,111$13,492$12,031$10,715$8,574
12 years$15,331$13,563$11,974$10,553$9,285$7,255
13 years$14,007$12,257$10,698$9,316$8,097$6,174
14 years$12,872$11,141$9,612$8,270$7,098$5,278
15 years$11,890$10,178$8,679$7,375$6,249$4,531
16 years$11,032$9,338$7,868$6,604$5,523$3,902
17 years$10,275$8,600$7,160$5,934$4,897$3,370
18 years$9,603$7,946$6,536$5,347$4,354$2,917
19 years$9,002$7,365$5,984$4,832$3,881$2,530
20 years$8,463$6,844$5,491$4,376$3,467$2,198
21 years$7,975$6,375$5,051$3,972$3,102$1,913
22 years$7,532$5,950$4,655$3,611$2,781$1,666
23 years$7,129$5,565$4,298$3,289$2,496$1,453
24 years$6,759$5,214$3,975$2,999$2,244$1,269
25 years$6,420$4,893$3,682$2,739$2,019$1,109
26 years$6,107$4,599$3,415$2,505$1,819$969
27 years$5,818$4,328$3,171$2,293$1,640$848
28 years$5,550$4,078$2,948$2,100$1,479$742
29 years$5,301$3,848$2,743$1,926$1,336$650
30 years$5,069$3,634$2,555$1,768$1,207$570
31 years$4,852$3,435$2,382$1,624$1,091$499
32 years$4,649$3,250$2,223$1,492$987$438
33 years$4,459$3,078$2,075$1,372$893$384
34 years$4,281$2,917$1,939$1,262$809$337
35 years$4,113$2,767$1,813$1,162$733$296
36 years$3,955$2,626$1,696$1,070$664$259
37 years$3,805$2,494$1,587$986$602$228
38 years$3,664$2,370$1,486$909$545$200
39 years$3,531$2,254$1,393$838$495$175
40 years$3,404$2,145$1,305$773$449$154
41 years$3,284$2,041$1,224$713$407$135
42 years$3,170$1,944$1,148$658$369$119
43 years$3,062$1,852$1,077$608$335$104
44 years$2,958$1,766$1,011$561$304$92
45 years$2,860$1,684$950$518$276$80
46 years$2,766$1,606$892$479$251$71
47 years$2,677$1,533$838$442$228$62
48 years$2,591$1,463$787$409$207$55
49 years$2,509$1,397$740$378$188$48
50 years$2,431$1,335$696$349$171$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,490,000, adding $4,856 every year, while hoping to spend $39,231 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: 25/48/27 Blend
29$2,490,000$2,490,000$2,490,000$2,490,000
30$2,748,989$2,617,019$2,578,424$2,794,273
31$2,987,644$2,703,511$2,623,060$2,918,743
32$3,249,328$2,792,927$2,667,876$3,048,442
33$3,536,347$2,885,368$2,712,837$3,186,686
34$3,851,242$2,980,939$2,757,906$3,334,220
35$4,196,814$3,079,751$2,803,041$3,491,857
36$4,576,146$3,181,915$2,848,199$3,660,492
37$4,992,635$3,287,551$2,893,335$3,841,108
38$5,450,021$3,396,778$2,938,400$4,034,784
39$5,952,427$3,509,724$2,983,340$4,242,702
40$6,504,393$3,626,520$3,028,101$4,466,166
41$7,110,922$3,747,300$3,072,623$4,706,604
42$7,777,524$3,872,205$3,116,843$4,965,589
43$8,510,269$4,001,381$3,160,696$5,244,848
44$9,315,847$4,134,979$3,204,110$5,546,279
45$10,201,627$4,273,156$3,247,010$5,871,971
46$11,175,725$4,416,074$3,289,318$6,224,221
47$12,247,089$4,563,901$3,330,949$6,605,554
48$13,425,571$4,716,811$3,371,816$7,018,748
49$14,722,031$4,874,987$3,411,823$7,466,861
50$16,148,433$5,038,615$3,450,873$7,953,255
51$17,717,957$5,207,891$3,488,862$8,481,631
52$19,445,127$5,383,017$3,525,677$9,056,061
53$21,345,947$5,564,202$3,561,204$9,681,027
54$23,438,049$5,751,663$3,595,320$10,361,462
55$25,740,862$5,945,627$3,627,896$11,102,798
56$28,275,795$6,146,327$3,658,795$11,911,011
57$31,066,435$6,354,006$3,687,874$12,792,684
58$34,138,776$6,568,917$3,714,982$13,755,061
59$37,521,458$6,791,321$3,739,961$14,806,121
60$41,246,040$7,021,489$3,762,643$15,954,649
61$45,347,298$7,259,703$3,782,852$17,210,318
62$49,863,549$7,506,256$3,800,405$18,583,781
63$54,837,020$7,761,451$3,815,107$20,086,770
64$60,314,237$8,025,603$3,826,754$21,732,205
65$66,346,471$8,299,040$3,835,133$23,534,317
66$72,990,219$8,582,100$3,840,018$25,508,779
67$80,307,736$8,875,138$3,841,173$27,672,853
68$88,367,624$9,178,519$3,838,351$30,045,556
69$97,245,478$9,492,623$3,831,292$32,647,834
70$107,024,600$9,817,845$3,819,724$35,502,758
71$117,796,786$10,154,596$3,803,362$38,635,746
72$129,663,189$10,503,301$3,781,905$42,074,796
73$142,735,275$10,864,404$3,755,039$45,850,754
74$157,135,877$11,238,364$3,722,437$49,997,599
75$173,000,350$11,625,658$3,683,753$54,552,767
76$190,477,854$12,026,783$3,638,626$59,557,500
77$209,732,754$12,442,254$3,586,679$65,057,236
78$230,946,177$12,872,607$3,527,516$71,102,035
79$254,317,722$13,318,399$3,460,722$77,747,050
80$280,067,337$13,780,209$3,385,864$85,053,049
81$308,437,404$14,258,637$3,302,488$93,086,984
82$339,695,018$14,754,309$3,210,121$101,922,622
83$374,134,514$15,267,874$3,108,264$111,641,243
84$412,080,242$15,800,008$2,996,399$122,332,399
85$453,889,632$16,351,413$2,873,983$134,094,764
86$499,956,561$16,922,819$2,740,448$147,037,063
87$550,715,077$17,514,985$2,595,200$161,279,091
88$606,643,495$18,128,699$2,437,619$176,952,849
89$668,268,909$18,764,783$2,267,057$194,203,784
90$736,172,171$19,424,090$2,082,837$213,192,163
91$810,993,370$20,107,508$1,884,249$234,094,579
92$893,437,878$20,815,960$1,670,556$257,105,621
93$984,283,006$21,550,407$1,440,984$282,439,708
94$1,084,385,342$22,311,847$1,194,727$310,333,107
95$1,194,688,840$23,101,319$930,942$341,046,167
96$1,316,233,724$23,919,906$648,751$374,865,769
97$1,450,166,314$24,768,733$347,235$412,108,036
98$1,597,749,847$25,648,969$25,436$453,121,311
99$1,760,376,397$26,561,835$0$498,289,445
100$1,939,580,021$27,508,596$0$548,127,027