Can I retire at age 30 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$183,326$181,693$180,099$178,544$177,026$170,069
2 years$90,755$89,065$87,427$85,839$84,298$77,375
3 years$59,902$58,205$56,571$54,998$53,482$46,810
4 years$44,479$42,787$41,169$39,623$38,144$31,773
5 years$35,228$33,545$31,949$30,434$28,996$22,944
6 years$29,062$27,392$25,820$24,338$22,944$17,213
7 years$24,659$23,004$21,456$20,010$18,660$13,249
8 years$21,359$19,719$18,197$16,786$15,480$10,384
9 years$18,794$17,169$15,673$14,298$13,036$8,248
10 years$16,742$15,133$13,664$12,325$11,108$6,617
11 years$15,065$13,472$12,029$10,726$9,553$5,349
12 years$13,669$12,092$10,676$9,408$8,278$4,351
13 years$12,488$10,928$9,538$8,306$7,219$3,556
14 years$11,477$9,933$8,570$7,373$6,328$2,917
15 years$10,601$9,074$7,738$6,576$5,572$2,401
16 years$9,835$8,325$7,015$5,888$4,924$1,981
17 years$9,161$7,667$6,384$5,290$4,366$1,637
18 years$8,562$7,085$5,827$4,768$3,882$1,356
19 years$8,026$6,566$5,335$4,308$3,460$1,124
20 years$7,545$6,102$4,896$3,902$3,091$933
21 years$7,110$5,683$4,503$3,541$2,766$776
22 years$6,715$5,305$4,150$3,220$2,479$645
23 years$6,356$4,962$3,832$2,932$2,226$537
24 years$6,026$4,649$3,544$2,674$2,000$447
25 years$5,724$4,363$3,283$2,442$1,800$372
26 years$5,445$4,100$3,044$2,233$1,621$310
27 years$5,187$3,859$2,827$2,044$1,462$258
28 years$4,948$3,636$2,628$1,873$1,319$215
29 years$4,726$3,430$2,446$1,717$1,191$180
30 years$4,519$3,240$2,278$1,576$1,076$150
31 years$4,326$3,062$2,124$1,448$973$125
32 years$4,145$2,898$1,982$1,330$880$104
33 years$3,976$2,744$1,850$1,223$797$87
34 years$3,817$2,601$1,729$1,126$721$73
35 years$3,667$2,467$1,616$1,036$653$61
36 years$3,526$2,341$1,512$954$592$51
37 years$3,393$2,224$1,415$879$536$42
38 years$3,267$2,113$1,325$810$486$35
39 years$3,148$2,010$1,242$747$441$29
40 years$3,035$1,912$1,164$689$400$25
41 years$2,928$1,820$1,091$636$363$20
42 years$2,826$1,733$1,024$587$329$17
43 years$2,730$1,652$960$542$299$14
44 years$2,638$1,574$902$500$271$12
45 years$2,550$1,501$847$462$246$10
46 years$2,466$1,432$795$427$224$8
47 years$2,387$1,367$747$394$203$7
48 years$2,310$1,305$702$364$184$6
49 years$2,237$1,246$660$337$167$5
50 years$2,167$1,190$620$311$152$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,220,000, adding $4,560 every year, while hoping to spend $57,358 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: 38/33/29 Blend
29$2,220,000$2,220,000$2,220,000$2,220,000
30$2,451,144$2,333,484$2,299,074$2,522,986
31$2,640,132$2,386,796$2,315,064$2,629,623
32$2,846,474$2,440,798$2,329,668$2,739,227
33$3,071,881$2,495,463$2,342,778$2,856,599
34$3,318,234$2,550,762$2,354,282$2,982,484
35$3,587,604$2,606,660$2,364,061$3,117,704
36$3,882,275$2,663,121$2,371,992$3,263,162
37$4,204,756$2,720,104$2,377,943$3,419,859
38$4,557,816$2,777,563$2,381,779$3,588,896
39$4,944,499$2,835,449$2,383,354$3,771,489
40$5,368,159$2,893,708$2,382,518$3,968,977
41$5,832,492$2,952,280$2,379,113$4,182,841
42$6,341,566$3,011,101$2,372,972$4,414,712
43$6,899,860$3,070,100$2,363,922$4,666,389
44$7,512,312$3,129,201$2,351,780$4,939,859
45$8,184,357$3,188,321$2,336,353$5,237,313
46$8,921,983$3,247,370$2,317,442$5,561,166
47$9,731,785$3,306,252$2,294,837$5,914,084
48$10,621,030$3,364,860$2,268,317$6,299,009
49$11,597,721$3,423,084$2,237,651$6,719,183
50$12,670,674$3,480,801$2,202,598$7,178,184
51$13,849,603$3,537,881$2,162,906$7,679,959
52$15,145,209$3,594,183$2,118,309$8,228,862
53$16,569,279$3,649,557$2,068,531$8,829,694
54$18,134,801$3,703,841$2,013,282$9,487,750
55$19,856,083$3,756,861$1,952,260$10,208,872
56$21,748,889$3,808,433$1,885,146$10,999,503
57$23,830,587$3,858,358$1,811,610$11,866,747
58$26,120,312$3,906,423$1,731,304$12,818,441
59$28,639,149$3,952,402$1,643,867$13,863,226
60$31,410,325$3,996,053$1,548,920$15,010,634
61$34,459,435$4,037,117$1,446,066$16,271,173
62$37,814,681$4,075,319$1,334,893$17,656,435
63$41,507,134$4,110,365$1,214,967$19,179,200
64$45,571,030$4,141,941$1,085,837$20,853,561
65$50,044,095$4,169,716$947,032$22,695,060
66$54,967,893$4,193,333$798,059$24,720,833
67$60,388,228$4,212,415$638,403$26,949,774
68$66,355,565$4,226,561$467,527$29,402,719
69$72,925,514$4,235,344$284,870$32,102,637
70$80,159,350$4,238,311$89,848$35,074,859
71$88,124,595$4,234,979$0$38,347,307
72$96,895,647$4,224,836$0$41,987,368
73$106,554,491$4,207,341$0$46,024,438
74$117,191,465$4,181,916$0$50,468,313
75$128,906,115$4,147,951$0$55,360,467
76$141,808,134$4,104,796$0$60,746,609
77$156,018,398$4,051,765$0$66,677,117
78$171,670,103$3,988,130$0$73,207,514
79$188,910,023$3,913,118$0$80,398,995
80$207,899,896$3,825,912$0$88,319,004
81$228,817,949$3,725,645$0$97,041,873
82$251,860,581$3,611,402$0$106,649,527
83$277,244,211$3,482,212$0$117,232,257
84$305,207,328$3,337,048$0$128,889,573
85$336,012,736$3,174,824$0$141,731,150
86$369,950,034$2,994,389$0$155,877,860
87$407,338,353$2,794,529$0$171,462,919
88$448,529,362$2,573,959$0$188,633,145
89$493,910,594$2,331,320$0$207,550,348
90$543,909,095$2,065,175$0$228,392,858
91$598,995,461$1,774,007$0$251,357,215
92$659,688,277$1,456,212$0$276,660,022
93$726,559,012$1,110,097$0$304,540,000
94$800,237,411$733,872$0$335,260,237
95$881,417,443$325,647$0$369,110,683
96$970,863,846$0$0$406,410,887
97$1,069,419,349$0$0$447,555,347
98$1,178,012,627$0$0$493,021,215
99$1,297,667,063$0$0$543,118,781
100$1,429,510,411$0$0$598,320,295