Can I retire at age 30 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$184,977$183,329$181,722$180,153$178,621$173,950
2 years$91,573$89,867$88,215$86,612$85,057$80,383
3 years$60,442$58,729$57,081$55,493$53,964$49,433
4 years$44,880$43,172$41,540$39,980$38,488$34,135
5 years$35,545$33,848$32,237$30,708$29,258$25,095
6 years$29,324$27,639$26,052$24,558$23,151$19,182
7 years$24,882$23,211$21,649$20,190$18,828$15,053
8 years$21,552$19,896$18,360$16,937$15,619$12,037
9 years$18,963$17,323$15,814$14,427$13,154$9,761
10 years$16,893$15,270$13,787$12,436$11,208$8,000
11 years$15,201$13,594$12,138$10,823$9,639$6,612
12 years$13,792$12,201$10,772$9,493$8,353$5,501
13 years$12,600$11,026$9,624$8,381$7,284$4,601
14 years$11,580$10,022$8,647$7,440$6,385$3,865
15 years$10,696$9,156$7,807$6,635$5,622$3,258
16 years$9,924$8,400$7,078$5,941$4,969$2,755
17 years$9,243$7,736$6,441$5,338$4,406$2,335
18 years$8,639$7,149$5,880$4,810$3,917$1,983
19 years$8,099$6,625$5,383$4,347$3,491$1,687
20 years$7,613$6,157$4,940$3,937$3,119$1,437
21 years$7,174$5,735$4,544$3,573$2,791$1,226
22 years$6,776$5,353$4,188$3,249$2,502$1,047
23 years$6,413$5,007$3,867$2,959$2,246$895
24 years$6,080$4,691$3,576$2,698$2,018$765
25 years$5,775$4,402$3,312$2,464$1,816$655
26 years$5,494$4,137$3,072$2,253$1,636$561
27 years$5,234$3,894$2,853$2,062$1,475$481
28 years$4,992$3,669$2,652$1,890$1,331$412
29 years$4,768$3,461$2,468$1,733$1,202$353
30 years$4,560$3,269$2,299$1,590$1,086$303
31 years$4,365$3,090$2,143$1,461$982$260
32 years$4,182$2,924$1,999$1,342$888$223
33 years$4,012$2,769$1,867$1,234$804$191
34 years$3,851$2,624$1,744$1,136$728$164
35 years$3,700$2,489$1,631$1,045$659$141
36 years$3,558$2,363$1,526$963$597$121
37 years$3,423$2,244$1,428$887$541$104
38 years$3,296$2,132$1,337$818$491$89
39 years$3,176$2,028$1,253$754$445$77
40 years$3,062$1,929$1,174$695$404$66
41 years$2,954$1,836$1,101$642$366$57
42 years$2,852$1,749$1,033$592$332$49
43 years$2,754$1,666$969$547$302$42
44 years$2,661$1,588$910$505$274$36
45 years$2,573$1,515$854$466$248$31
46 years$2,489$1,445$802$431$226$26
47 years$2,408$1,379$754$398$205$23
48 years$2,331$1,316$708$368$186$19
49 years$2,257$1,257$666$340$169$17
50 years$2,187$1,201$626$314$153$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,240,000, adding $5,043 every year, while hoping to spend $29,423 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: 33/38/29 Blend
29$2,240,000$2,240,000$2,240,000$2,240,000
30$2,473,682$2,354,962$2,320,242$2,533,403
31$2,694,692$2,439,049$2,366,664$2,663,471
32$2,937,258$2,526,271$2,413,655$2,800,596
33$3,203,549$2,616,749$2,461,204$2,947,816
34$3,495,953$2,710,611$2,509,296$3,106,046
35$3,817,099$2,807,990$2,557,916$3,276,290
36$4,169,886$2,909,025$2,607,049$3,459,654
37$4,557,506$3,013,858$2,656,677$3,657,351
38$4,983,475$3,122,641$2,706,779$3,870,711
39$5,451,668$3,235,528$2,757,335$4,101,202
40$5,966,353$3,352,684$2,808,320$4,350,432
41$6,532,232$3,474,276$2,859,709$4,620,172
42$7,154,485$3,600,482$2,911,476$4,912,367
43$7,838,822$3,731,484$2,963,589$5,229,158
44$8,591,530$3,867,475$3,016,018$5,572,899
45$9,419,539$4,008,654$3,068,727$5,946,179
46$10,330,482$4,155,228$3,121,679$6,351,845
47$11,332,771$4,307,415$3,174,835$6,793,030
48$12,435,673$4,465,438$3,228,152$7,273,184
49$13,649,401$4,629,534$3,281,585$7,796,098
50$14,985,206$4,799,947$3,335,084$8,365,948
51$16,455,486$4,976,933$3,388,598$8,987,329
52$18,073,900$5,160,757$3,442,070$9,665,298
53$19,855,501$5,351,697$3,495,443$10,405,422
54$21,816,874$5,550,043$3,548,652$11,213,828
55$23,976,295$5,756,095$3,601,632$12,097,263
56$26,353,901$5,970,167$3,654,311$13,063,154
57$28,971,882$6,192,588$3,706,613$14,119,678
58$31,854,688$6,423,699$3,758,458$15,275,841
59$35,029,262$6,663,856$3,809,762$16,541,555
60$38,525,292$6,913,430$3,860,435$17,927,740
61$42,375,493$7,172,810$3,910,381$19,446,418
62$46,615,915$7,442,399$3,959,500$21,110,830
63$51,286,280$7,722,618$4,007,685$22,935,558
64$56,430,362$8,013,908$4,054,824$24,936,662
65$62,096,397$8,316,727$4,100,798$27,131,831
66$68,337,536$8,631,553$4,145,482$29,540,548
67$75,212,351$8,958,886$4,188,742$32,184,271
68$82,785,386$9,299,247$4,230,440$35,086,640
69$91,127,764$9,653,178$4,270,428$38,273,691
70$100,317,859$10,021,248$4,308,551$41,774,105
71$110,442,039$10,404,047$4,344,646$45,619,479
72$121,595,476$10,802,194$4,378,540$49,844,617
73$133,883,046$11,216,333$4,410,053$54,487,862
74$147,420,321$11,647,137$4,438,994$59,591,453
75$162,334,655$12,095,309$4,465,162$65,201,925
76$178,766,392$12,561,581$4,488,346$71,370,544
77$196,870,184$13,046,719$4,508,326$78,153,790
78$216,816,456$13,551,521$4,524,868$85,613,888
79$238,793,012$14,076,823$4,537,728$93,819,395
80$263,006,806$14,623,494$4,546,650$102,845,842
81$289,685,900$15,192,445$4,551,362$112,776,449
82$319,081,613$15,784,625$4,551,583$123,702,903
83$351,470,892$16,401,026$4,547,016$135,726,226
84$387,158,930$17,042,684$4,537,348$148,957,725
85$426,482,046$17,710,680$4,522,254$163,520,039
86$469,810,856$18,406,145$4,501,391$179,548,293
87$517,553,775$19,130,258$4,474,400$197,191,376
88$570,160,872$19,884,253$4,440,904$216,613,338
89$628,128,116$20,669,416$4,400,509$237,994,939
90$692,002,060$21,487,094$4,352,802$261,535,351
91$762,384,999$22,338,691$4,297,351$287,454,036
92$839,940,659$23,225,677$4,233,702$315,992,814
93$925,400,457$24,149,585$4,161,381$347,418,142
94$1,019,570,408$25,112,019$4,079,892$382,023,627
95$1,123,338,735$26,114,654$3,988,714$420,132,791
96$1,237,684,255$27,159,241$3,887,305$462,102,127
97$1,363,685,615$28,247,609$3,775,095$508,324,455
98$1,502,531,476$29,381,671$3,651,489$559,232,627
99$1,655,531,738$30,563,424$3,515,866$615,303,613
100$1,824,129,901$31,794,958$3,367,573$677,062,993