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%15.3%
1 years$205,622$203,790$202,003$200,259$198,556$194,230
2 years$101,793$99,897$98,060$96,278$94,551$90,213
3 years$67,188$65,284$63,451$61,687$59,987$55,775
4 years$49,889$47,991$46,176$44,442$42,783$38,728
5 years$39,512$37,625$35,835$34,135$32,523$28,637
6 years$32,596$30,724$28,960$27,298$25,734$22,021
7 years$27,659$25,802$24,066$22,444$20,929$17,389
8 years$23,957$22,117$20,410$18,827$17,363$13,995
9 years$21,079$19,257$17,579$16,037$14,622$11,424
10 years$18,779$16,974$15,326$13,824$12,458$9,427
11 years$16,898$15,111$13,492$12,031$10,715$7,846
12 years$15,331$13,563$11,974$10,553$9,285$6,574
13 years$14,007$12,257$10,698$9,316$8,097$5,539
14 years$12,872$11,141$9,612$8,270$7,098$4,688
15 years$11,890$10,178$8,679$7,375$6,249$3,983
16 years$11,032$9,338$7,868$6,604$5,523$3,394
17 years$10,275$8,600$7,160$5,934$4,897$2,900
18 years$9,603$7,946$6,536$5,347$4,354$2,483
19 years$9,002$7,365$5,984$4,832$3,881$2,130
20 years$8,463$6,844$5,491$4,376$3,467$1,830
21 years$7,975$6,375$5,051$3,972$3,102$1,574
22 years$7,532$5,950$4,655$3,611$2,781$1,356
23 years$7,129$5,565$4,298$3,289$2,496$1,169
24 years$6,759$5,214$3,975$2,999$2,244$1,008
25 years$6,420$4,893$3,682$2,739$2,019$871
26 years$6,107$4,599$3,415$2,505$1,819$752
27 years$5,818$4,328$3,171$2,293$1,640$650
28 years$5,550$4,078$2,948$2,100$1,479$562
29 years$5,301$3,848$2,743$1,926$1,336$486
30 years$5,069$3,634$2,555$1,768$1,207$421
31 years$4,852$3,435$2,382$1,624$1,091$364
32 years$4,649$3,250$2,223$1,492$987$316
33 years$4,459$3,078$2,075$1,372$893$273
34 years$4,281$2,917$1,939$1,262$809$237
35 years$4,113$2,767$1,813$1,162$733$205
36 years$3,955$2,626$1,696$1,070$664$178
37 years$3,805$2,494$1,587$986$602$154
38 years$3,664$2,370$1,486$909$545$133
39 years$3,531$2,254$1,393$838$495$116
40 years$3,404$2,145$1,305$773$449$100
41 years$3,284$2,041$1,224$713$407$87
42 years$3,170$1,944$1,148$658$369$75
43 years$3,062$1,852$1,077$608$335$65
44 years$2,958$1,766$1,011$561$304$57
45 years$2,860$1,684$950$518$276$49
46 years$2,766$1,606$892$479$251$43
47 years$2,677$1,533$838$442$228$37
48 years$2,591$1,463$787$409$207$32
49 years$2,509$1,397$740$378$188$28
50 years$2,431$1,335$696$349$171$24

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 $6,747 every year, while hoping to spend $33,463 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: 70/20/10 Blend
29$2,490,000$2,490,000$2,490,000$2,490,000
30$2,750,940$2,618,970$2,580,375$2,937,628
31$2,995,931$2,711,695$2,631,213$3,154,921
32$3,264,790$2,807,842$2,682,632$3,387,899
33$3,559,916$2,907,543$2,734,618$3,641,947
34$3,883,951$3,010,937$2,787,151$3,919,130
35$4,239,807$3,118,166$2,840,214$4,221,723
36$4,630,691$3,229,379$2,893,785$4,552,227
37$5,060,135$3,344,732$2,947,840$4,913,398
38$5,532,032$3,464,387$3,002,355$5,308,271
39$6,050,668$3,588,511$3,057,304$5,740,185
40$6,620,768$3,717,280$3,112,655$6,212,819
41$7,247,536$3,850,876$3,168,378$6,730,220
42$7,936,704$3,989,489$3,224,439$7,296,849
43$8,694,591$4,133,317$3,280,800$7,917,615
44$9,528,154$4,282,564$3,337,422$8,597,928
45$10,445,063$4,437,447$3,394,263$9,343,742
46$11,453,764$4,598,187$3,451,276$10,161,616
47$12,563,568$4,765,018$3,508,413$11,058,776
48$13,784,729$4,938,181$3,565,622$12,043,178
49$15,128,549$5,117,929$3,622,848$13,123,586
50$16,607,478$5,304,525$3,680,030$14,309,655
51$18,235,236$5,498,242$3,737,107$15,612,020
52$20,026,940$5,699,366$3,794,010$17,042,393
53$21,999,247$5,908,193$3,850,668$18,613,680
54$24,170,510$6,125,035$3,907,005$20,340,096
55$26,560,953$6,350,213$3,962,941$22,237,301
56$29,192,861$6,584,063$4,018,390$24,322,546
57$32,090,787$6,826,938$4,073,261$26,614,839
58$35,281,791$7,079,201$4,127,458$29,135,117
59$38,795,685$7,341,233$4,180,880$31,906,450
60$42,665,324$7,613,433$4,233,419$34,954,253
61$46,926,910$7,896,214$4,284,961$38,306,528
62$51,620,333$8,190,007$4,335,386$41,994,124
63$56,789,553$8,495,262$4,384,566$46,051,033
64$62,483,006$8,812,450$4,432,369$50,514,706
65$68,754,072$9,142,058$4,478,652$55,426,404
66$75,661,566$9,484,598$4,523,266$60,831,594
67$83,270,304$9,840,602$4,566,053$66,780,367
68$91,651,708$10,210,624$4,606,849$73,327,918
69$100,884,482$10,595,245$4,645,478$80,535,065
70$111,055,355$10,995,067$4,681,757$88,468,816
71$122,259,897$11,410,721$4,715,492$97,203,008
72$134,603,424$11,842,865$4,746,479$106,818,999
73$148,201,992$12,292,183$4,774,504$117,406,436
74$163,183,487$12,759,392$4,799,342$129,064,098
75$179,688,839$13,245,239$4,820,757$141,900,830
76$197,873,347$13,750,502$4,838,498$156,036,569
77$217,908,147$14,275,995$4,852,306$171,603,471
78$239,981,825$14,822,566$4,861,906$188,747,164
79$264,302,200$15,391,101$4,867,009$207,628,115
80$291,098,284$15,982,524$4,867,313$228,423,147
81$320,622,443$16,597,801$4,862,501$251,327,103
82$353,152,777$17,237,938$4,852,240$276,554,691
83$388,995,751$17,903,988$4,836,181$304,342,500
84$428,489,083$18,597,048$4,813,958$334,951,239
85$472,004,930$19,318,265$4,785,187$368,668,192
86$519,953,408$20,068,835$4,749,466$405,809,932
87$572,786,457$20,850,009$4,706,374$446,725,304
88$631,002,106$21,663,090$4,655,468$491,798,718
89$695,149,182$22,509,443$4,596,288$541,453,777
90$765,832,483$23,390,490$4,528,347$596,157,270
91$843,718,490$24,307,718$4,451,141$656,423,582
92$929,541,660$25,262,679$4,364,138$722,819,544
93$1,024,111,355$26,256,996$4,266,782$795,969,781
94$1,128,319,487$27,292,363$4,158,493$876,562,611
95$1,243,148,934$28,370,549$4,038,663$965,356,535
96$1,369,682,823$29,493,403$3,906,655$1,063,187,399
97$1,509,114,748$30,662,857$3,761,805$1,170,976,279
98$1,662,760,044$31,880,929$3,603,418$1,289,738,177
99$1,832,068,202$33,149,727$3,430,765$1,420,591,598
100$2,018,636,551$34,471,456$3,243,088$1,564,769,105