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

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$205,622$203,790$202,003$200,259$198,556$193,677
2 years$101,793$99,897$98,060$96,278$94,551$89,665
3 years$67,188$65,284$63,451$61,687$59,987$55,248
4 years$49,889$47,991$46,176$44,442$42,783$38,227
5 years$39,512$37,625$35,835$34,135$32,523$28,163
6 years$32,596$30,724$28,960$27,298$25,734$21,574
7 years$27,659$25,802$24,066$22,444$20,929$16,969
8 years$23,957$22,117$20,410$18,827$17,363$13,601
9 years$21,079$19,257$17,579$16,037$14,622$11,056
10 years$18,779$16,974$15,326$13,824$12,458$9,084
11 years$16,898$15,111$13,492$12,031$10,715$7,526
12 years$15,331$13,563$11,974$10,553$9,285$6,278
13 years$14,007$12,257$10,698$9,316$8,097$5,265
14 years$12,872$11,141$9,612$8,270$7,098$4,435
15 years$11,890$10,178$8,679$7,375$6,249$3,749
16 years$11,032$9,338$7,868$6,604$5,523$3,179
17 years$10,275$8,600$7,160$5,934$4,897$2,702
18 years$9,603$7,946$6,536$5,347$4,354$2,302
19 years$9,002$7,365$5,984$4,832$3,881$1,964
20 years$8,463$6,844$5,491$4,376$3,467$1,679
21 years$7,975$6,375$5,051$3,972$3,102$1,436
22 years$7,532$5,950$4,655$3,611$2,781$1,230
23 years$7,129$5,565$4,298$3,289$2,496$1,055
24 years$6,759$5,214$3,975$2,999$2,244$905
25 years$6,420$4,893$3,682$2,739$2,019$777
26 years$6,107$4,599$3,415$2,505$1,819$668
27 years$5,818$4,328$3,171$2,293$1,640$574
28 years$5,550$4,078$2,948$2,100$1,479$493
29 years$5,301$3,848$2,743$1,926$1,336$424
30 years$5,069$3,634$2,555$1,768$1,207$365
31 years$4,852$3,435$2,382$1,624$1,091$314
32 years$4,649$3,250$2,223$1,492$987$271
33 years$4,459$3,078$2,075$1,372$893$233
34 years$4,281$2,917$1,939$1,262$809$201
35 years$4,113$2,767$1,813$1,162$733$173
36 years$3,955$2,626$1,696$1,070$664$149
37 years$3,805$2,494$1,587$986$602$128
38 years$3,664$2,370$1,486$909$545$110
39 years$3,531$2,254$1,393$838$495$95
40 years$3,404$2,145$1,305$773$449$82
41 years$3,284$2,041$1,224$713$407$71
42 years$3,170$1,944$1,148$658$369$61
43 years$3,062$1,852$1,077$608$335$53
44 years$2,958$1,766$1,011$561$304$45
45 years$2,860$1,684$950$518$276$39
46 years$2,766$1,606$892$479$251$34
47 years$2,677$1,533$838$442$228$29
48 years$2,591$1,463$787$409$207$25
49 years$2,509$1,397$740$378$188$22
50 years$2,431$1,335$696$349$171$19

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 $5,920 every year, while hoping to spend $54,151 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: 50/45/5 Blend
29$2,490,000$2,490,000$2,490,000$2,490,000
30$2,750,086$2,618,116$2,579,521$2,884,020
31$2,972,979$2,688,788$2,608,319$3,046,444
32$3,216,792$2,761,107$2,636,267$3,216,503
33$3,483,601$2,835,098$2,663,278$3,399,978
34$3,775,694$2,910,784$2,689,264$3,598,136
35$4,095,589$2,988,186$2,714,128$3,812,369
36$4,446,058$3,067,327$2,737,771$4,044,211
37$4,830,156$3,148,225$2,760,086$4,295,349
38$5,251,246$3,230,902$2,780,962$4,567,639
39$5,713,032$3,315,375$2,800,283$4,863,126
40$6,219,594$3,401,661$2,817,926$5,184,058
41$6,775,426$3,489,776$2,833,760$5,532,914
42$7,385,478$3,579,734$2,847,649$5,912,420
43$8,055,202$3,671,547$2,859,452$6,325,579
44$8,790,606$3,765,225$2,869,016$6,775,698
45$9,598,304$3,860,778$2,876,184$7,266,419
46$10,485,586$3,958,211$2,880,791$7,801,752
47$11,460,480$4,057,528$2,882,663$8,386,114
48$12,531,833$4,158,731$2,881,616$9,024,371
49$13,709,389$4,261,817$2,877,459$9,721,881
50$15,003,884$4,366,783$2,869,991$10,484,548
51$16,427,145$4,473,621$2,859,001$11,318,875
52$17,992,205$4,582,319$2,844,268$12,232,024
53$19,713,419$4,692,863$2,825,561$13,231,889
54$21,606,607$4,805,232$2,802,636$14,327,163
55$23,689,196$4,919,403$2,775,239$15,527,425
56$25,980,389$5,035,349$2,743,105$16,843,229
57$28,501,343$5,153,035$2,705,952$18,286,203
58$31,275,368$5,272,423$2,663,491$19,869,158
59$34,328,152$5,393,467$2,615,414$21,606,209
60$37,687,994$5,516,118$2,561,401$23,512,912
61$41,386,079$5,640,317$2,501,117$25,606,403
62$45,456,767$5,766,000$2,434,212$27,905,568
63$49,937,918$5,893,095$2,360,319$30,431,213
64$54,871,250$6,021,521$2,279,055$33,206,269
65$60,302,732$6,151,190$2,190,017$36,256,002
66$66,283,015$6,282,003$2,092,787$39,608,253
67$72,867,913$6,413,851$1,986,926$43,293,702
68$80,118,927$6,546,617$1,871,975$47,346,158
69$88,103,828$6,680,172$1,747,456$51,802,875
70$96,897,290$6,814,372$1,612,868$56,704,908
71$106,581,603$6,949,065$1,467,688$62,097,498
72$117,247,439$7,084,082$1,311,369$68,030,500
73$128,994,719$7,219,243$1,143,340$74,558,855
74$141,933,544$7,354,350$963,006$81,743,105
75$156,185,242$7,489,190$769,743$89,649,969
76$171,883,510$7,623,533$562,903$98,352,974
77$189,175,673$7,757,131$341,805$107,933,143
78$208,224,078$7,889,717$105,742$118,479,768
79$229,207,624$8,021,003$0$130,091,248
80$252,323,449$8,150,680$0$142,883,819
81$277,788,793$8,278,415$0$156,975,712
82$305,843,045$8,403,853$0$172,493,015
83$336,750,004$8,526,610$0$189,580,901
84$370,800,369$8,646,278$0$208,399,351
85$408,314,479$8,762,418$0$229,124,666
86$449,645,342$8,874,563$0$251,951,132
87$495,181,960$8,982,210$0$277,092,854
88$545,353,006$9,084,824$0$304,785,778
89$600,630,868$9,181,836$0$335,289,918
90$661,536,105$9,272,634$0$368,891,818
91$728,642,363$9,356,569$0$405,907,249
92$802,581,792$9,432,949$0$446,684,198
93$884,051,007$9,501,035$0$491,606,153
94$973,817,667$9,560,043$0$541,095,723
95$1,072,727,720$9,609,136$0$595,618,632
96$1,181,713,388$9,647,425$0$655,688,114
97$1,301,801,970$9,673,964$0$721,869,765
98$1,434,125,531$9,687,749$0$794,786,878
99$1,579,931,599$9,687,712$0$875,126,338
100$1,740,594,931$9,672,719$0$963,645,102