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%20%
1 years$205,622$203,790$202,003$200,259$198,556$190,603
2 years$101,793$99,897$98,060$96,278$94,551$86,638
3 years$67,188$65,284$63,451$61,687$59,987$52,363
4 years$49,889$47,991$46,176$44,442$42,783$35,507
5 years$39,512$37,625$35,835$34,135$32,523$25,613
6 years$32,596$30,724$28,960$27,298$25,734$19,195
7 years$27,659$25,802$24,066$22,444$20,929$14,757
8 years$23,957$22,117$20,410$18,827$17,363$11,552
9 years$21,079$19,257$17,579$16,037$14,622$9,164
10 years$18,779$16,974$15,326$13,824$12,458$7,343
11 years$16,898$15,111$13,492$12,031$10,715$5,928
12 years$15,331$13,563$11,974$10,553$9,285$4,816
13 years$14,007$12,257$10,698$9,316$8,097$3,930
14 years$12,872$11,141$9,612$8,270$7,098$3,220
15 years$11,890$10,178$8,679$7,375$6,249$2,646
16 years$11,032$9,338$7,868$6,604$5,523$2,180
17 years$10,275$8,600$7,160$5,934$4,897$1,799
18 years$9,603$7,946$6,536$5,347$4,354$1,488
19 years$9,002$7,365$5,984$4,832$3,881$1,232
20 years$8,463$6,844$5,491$4,376$3,467$1,021
21 years$7,975$6,375$5,051$3,972$3,102$847
22 years$7,532$5,950$4,655$3,611$2,781$703
23 years$7,129$5,565$4,298$3,289$2,496$584
24 years$6,759$5,214$3,975$2,999$2,244$486
25 years$6,420$4,893$3,682$2,739$2,019$404
26 years$6,107$4,599$3,415$2,505$1,819$336
27 years$5,818$4,328$3,171$2,293$1,640$280
28 years$5,550$4,078$2,948$2,100$1,479$233
29 years$5,301$3,848$2,743$1,926$1,336$194
30 years$5,069$3,634$2,555$1,768$1,207$161
31 years$4,852$3,435$2,382$1,624$1,091$134
32 years$4,649$3,250$2,223$1,492$987$112
33 years$4,459$3,078$2,075$1,372$893$93
34 years$4,281$2,917$1,939$1,262$809$78
35 years$4,113$2,767$1,813$1,162$733$65
36 years$3,955$2,626$1,696$1,070$664$54
37 years$3,805$2,494$1,587$986$602$45
38 years$3,664$2,370$1,486$909$545$37
39 years$3,531$2,254$1,393$838$495$31
40 years$3,404$2,145$1,305$773$449$26
41 years$3,284$2,041$1,224$713$407$22
42 years$3,170$1,944$1,148$658$369$18
43 years$3,062$1,852$1,077$608$335$15
44 years$2,958$1,766$1,011$561$304$13
45 years$2,860$1,684$950$518$276$10
46 years$2,766$1,606$892$479$251$9
47 years$2,677$1,533$838$442$228$7
48 years$2,591$1,463$787$409$207$6
49 years$2,509$1,397$740$378$188$5
50 years$2,431$1,335$696$349$171$4

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 $4,366 every year, while hoping to spend $48,425 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: 42/42/16 Blend
29$2,490,000$2,490,000$2,490,000$2,490,000
30$2,748,484$2,616,514$2,577,919$2,850,867
31$2,977,305$2,693,199$2,612,755$3,000,174
32$3,227,843$2,772,019$2,647,135$3,156,657
33$3,502,262$2,853,027$2,680,994$3,325,073
34$3,802,945$2,936,277$2,714,259$3,506,539
35$4,132,517$3,021,826$2,746,858$3,702,282
36$4,493,867$3,109,729$2,778,711$3,913,652
37$4,890,180$3,200,044$2,809,736$4,142,133
38$5,324,961$3,292,829$2,839,846$4,389,360
39$5,802,074$3,388,145$2,868,947$4,657,132
40$6,325,773$3,486,051$2,896,944$4,947,428
41$6,900,743$3,586,609$2,923,733$5,262,429
42$7,532,147$3,689,880$2,949,206$5,604,532
43$8,225,671$3,795,930$2,973,249$5,976,378
44$8,987,580$3,904,821$2,995,744$6,380,877
45$9,824,774$4,016,619$3,016,563$6,821,230
46$10,744,857$4,131,389$3,035,574$7,300,963
47$11,756,205$4,249,199$3,052,637$7,823,958
48$12,868,043$4,370,115$3,067,606$8,394,494
49$14,090,540$4,494,207$3,080,327$9,017,279
50$15,434,895$4,621,543$3,090,638$9,697,502
51$16,913,448$4,752,192$3,098,368$10,440,877
52$18,539,796$4,886,226$3,103,340$11,253,698
53$20,328,918$5,023,714$3,105,365$12,142,899
54$22,297,320$5,164,728$3,104,246$13,116,118
55$24,463,186$5,309,340$3,099,779$14,181,769
56$26,846,555$5,457,621$3,091,745$15,349,124
57$29,469,503$5,609,644$3,079,918$16,628,394
58$32,356,356$5,765,481$3,064,059$18,030,832
59$35,533,919$5,925,204$3,043,920$19,568,833
60$39,031,726$6,088,886$3,019,238$21,256,058
61$42,882,319$6,256,599$2,989,740$23,107,554
62$47,121,558$6,428,414$2,955,138$25,139,903
63$51,788,954$6,604,404$2,915,132$27,371,375
64$56,928,046$6,784,638$2,869,408$29,822,100
65$62,586,809$6,969,187$2,817,635$32,514,260
66$68,818,107$7,158,121$2,759,469$35,472,296
67$75,680,192$7,351,507$2,694,549$38,723,141
68$83,237,252$7,549,411$2,622,498$42,296,470
69$91,560,019$7,751,900$2,542,919$46,224,985
70$100,726,435$7,959,037$2,455,401$50,544,720
71$110,822,385$8,170,883$2,359,510$55,295,382
72$121,942,510$8,387,498$2,254,795$60,520,727
73$134,191,100$8,608,939$2,140,785$66,268,972
74$147,683,075$8,835,260$2,016,984$72,593,249
75$162,545,072$9,066,512$1,882,877$79,552,109
76$178,916,641$9,302,742$1,737,924$87,210,071
77$196,951,556$9,543,995$1,581,563$95,638,238
78$216,819,274$9,790,309$1,413,204$104,914,958
79$238,706,526$10,041,721$1,232,233$115,126,576
80$262,819,087$10,298,260$1,038,008$126,368,237
81$289,383,710$10,559,951$829,857$138,744,793
82$318,650,273$10,826,813$607,082$152,371,791
83$350,894,132$11,098,858$368,950$167,376,562
84$386,418,723$11,376,092$114,700$183,899,424
85$425,558,424$11,658,512$0$202,095,010
86$468,681,711$11,946,107$0$222,160,462
87$516,194,639$12,238,859$0$244,279,463
88$568,544,667$12,536,739$0$268,639,500
89$626,224,892$12,839,707$0$295,468,778
90$689,778,692$13,147,714$0$325,018,774
91$759,804,864$13,460,697$0$357,566,604
92$836,963,270$13,778,582$0$393,417,647
93$921,981,072$14,101,280$0$432,908,421
94$1,015,659,586$14,428,688$0$476,409,762
95$1,118,881,857$14,760,687$0$524,330,324
96$1,232,620,987$15,097,142$0$577,120,437
97$1,357,949,324$15,437,897$0$635,276,358
98$1,496,048,582$15,782,782$0$699,344,954
99$1,648,221,000$16,131,601$0$769,928,867
100$1,815,901,632$16,484,139$0$847,692,200