Can I retire at age 30 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$197,364$195,606$193,891$192,217$190,582$189,460
2 years$97,705$95,885$94,122$92,412$90,753$89,622
3 years$64,490$62,662$60,903$59,209$57,578$56,471
4 years$47,885$46,063$44,322$42,657$41,065$39,992
5 years$37,925$36,114$34,396$32,765$31,217$30,181
6 years$31,287$29,490$27,797$26,202$24,701$23,703
7 years$26,548$24,766$23,099$21,542$20,088$19,129
8 years$22,995$21,229$19,590$18,071$16,665$15,744
9 years$20,233$18,483$16,873$15,393$14,035$13,152
10 years$18,025$16,292$14,710$13,269$11,958$11,114
11 years$16,219$14,504$12,951$11,548$10,284$9,477
12 years$14,715$13,018$11,493$10,129$8,912$8,142
13 years$13,444$11,764$10,268$8,942$7,772$7,037
14 years$12,355$10,694$9,226$7,938$6,813$6,113
15 years$11,413$9,769$8,330$7,079$5,998$5,333
16 years$10,589$8,963$7,552$6,339$5,301$4,669
17 years$9,862$8,254$6,872$5,695$4,701$4,101
18 years$9,217$7,627$6,274$5,133$4,180$3,611
19 years$8,641$7,069$5,743$4,638$3,725$3,187
20 years$8,123$6,569$5,271$4,200$3,327$2,818
21 years$7,655$6,119$4,848$3,812$2,978$2,497
22 years$7,230$5,711$4,468$3,466$2,669$2,215
23 years$6,842$5,342$4,126$3,157$2,396$1,968
24 years$6,488$5,005$3,816$2,879$2,154$1,750
25 years$6,162$4,697$3,534$2,629$1,938$1,558
26 years$5,862$4,414$3,278$2,404$1,746$1,388
27 years$5,584$4,154$3,044$2,201$1,574$1,238
28 years$5,327$3,915$2,829$2,016$1,420$1,105
29 years$5,088$3,693$2,633$1,849$1,282$987
30 years$4,865$3,488$2,453$1,697$1,159$882
31 years$4,657$3,297$2,286$1,558$1,047$788
32 years$4,463$3,120$2,133$1,432$948$705
33 years$4,280$2,954$1,992$1,317$858$631
34 years$4,109$2,800$1,861$1,212$776$564
35 years$3,948$2,656$1,740$1,115$703$505
36 years$3,796$2,521$1,628$1,027$637$452
37 years$3,653$2,394$1,523$947$577$405
38 years$3,517$2,275$1,427$872$524$363
39 years$3,389$2,164$1,337$804$475$325
40 years$3,268$2,058$1,253$742$431$292
41 years$3,152$1,959$1,175$685$391$261
42 years$3,043$1,866$1,102$632$354$234
43 years$2,939$1,778$1,034$583$322$210
44 years$2,840$1,695$971$538$292$188
45 years$2,745$1,616$911$497$265$169
46 years$2,655$1,542$856$459$241$152
47 years$2,569$1,471$804$424$219$136
48 years$2,487$1,405$756$392$198$122
49 years$2,409$1,341$710$362$180$109
50 years$2,333$1,281$668$335$164$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,390,000, adding $4,273 every year, while hoping to spend $30,184 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: 71/7/22 Blend
29$2,390,000$2,390,000$2,390,000$2,390,000
30$2,638,188$2,511,518$2,474,473$2,810,846
31$2,875,167$2,602,466$2,525,252$3,017,527
32$3,135,307$2,696,860$2,576,721$3,239,783
33$3,420,938$2,794,836$2,628,870$3,482,405
34$3,734,626$2,896,535$2,681,690$3,747,408
35$4,079,201$3,002,108$2,735,169$4,037,014
36$4,457,777$3,111,709$2,789,295$4,353,669
37$4,873,786$3,225,499$2,844,052$4,700,067
38$5,331,010$3,343,646$2,899,426$5,079,176
39$5,833,613$3,466,325$2,955,397$5,494,262
40$6,386,186$3,593,719$3,011,947$5,948,926
41$6,993,784$3,726,018$3,069,054$6,447,133
42$7,661,977$3,863,420$3,126,694$6,993,251
43$8,396,903$4,006,132$3,184,843$7,592,090
44$9,205,323$4,154,369$3,243,472$8,248,952
45$10,094,689$4,308,355$3,302,551$8,969,676
46$11,073,208$4,468,326$3,362,047$9,760,693
47$12,149,925$4,634,524$3,421,925$10,629,090
48$13,334,805$4,807,204$3,482,148$11,582,676
49$14,638,830$4,986,631$3,542,674$12,630,050
50$16,074,097$5,173,082$3,603,460$13,780,691
51$17,653,938$5,366,846$3,664,459$15,045,039
52$19,393,041$5,568,223$3,725,620$16,434,598
53$21,307,592$5,777,527$3,786,890$17,962,043
54$23,415,427$5,995,086$3,848,210$19,641,339
55$25,736,195$6,221,240$3,909,521$21,487,873
56$28,291,553$6,456,347$3,970,755$23,518,600
57$31,105,361$6,700,777$4,031,845$25,752,201
58$34,203,911$6,954,919$4,092,715$28,209,259
59$37,616,176$7,219,176$4,153,287$30,912,454
60$41,374,081$7,493,971$4,213,477$33,886,779
61$45,512,806$7,779,744$4,273,197$37,159,770
62$50,071,115$8,076,955$4,332,353$40,761,770
63$55,091,727$8,386,083$4,390,844$44,726,216
64$60,621,711$8,707,629$4,448,566$49,089,948
65$66,712,939$9,042,116$4,505,406$53,893,566
66$73,422,568$9,390,089$4,561,246$59,181,804
67$80,813,584$9,752,117$4,615,962$65,003,956
68$88,955,393$10,128,795$4,669,421$71,414,342
69$97,924,481$10,520,743$4,721,484$78,472,819
70$107,805,127$10,928,609$4,772,003$86,245,345
71$118,690,209$11,353,070$4,820,824$94,804,601
72$130,682,071$11,794,831$4,867,782$104,230,680
73$143,893,495$12,254,631$4,912,706$114,611,840
74$158,448,763$12,733,239$4,955,413$126,045,337
75$174,484,830$13,231,460$4,995,712$138,638,343
76$192,152,615$13,750,135$5,033,400$152,508,956
77$211,618,430$14,290,139$5,068,268$167,787,319
78$233,065,544$14,852,391$5,100,089$184,616,843
79$256,695,919$15,437,847$5,128,631$203,155,562
80$282,732,109$16,047,508$5,153,647$223,577,626
81$311,419,366$16,682,418$5,174,876$246,074,943
82$343,027,954$17,343,669$5,192,047$270,858,991
83$377,855,698$18,032,402$5,204,873$298,162,814
84$416,230,797$18,749,807$5,213,054$328,243,220
85$458,514,921$19,497,131$5,216,275$361,383,209
86$505,106,627$20,275,673$5,214,203$397,894,638
87$556,445,116$21,086,795$5,206,493$438,121,170
88$613,014,387$21,931,916$5,192,779$482,441,515
89$675,347,796$22,812,523$5,172,679$531,273,008
90$744,033,101$23,730,166$5,145,794$585,075,542
91$819,718,002$24,686,468$5,111,702$644,355,917
92$903,116,258$25,683,125$5,069,964$709,672,616
93$995,014,428$26,721,910$5,020,119$781,641,085
94$1,096,279,290$27,804,675$4,961,684$860,939,536
95$1,207,866,031$28,933,357$4,894,154$948,315,353
96$1,330,827,256$30,109,981$4,816,998$1,044,592,144
97$1,466,322,931$31,336,665$4,729,662$1,150,677,520
98$1,615,631,331$32,615,622$4,631,567$1,267,571,660
99$1,780,161,106$33,949,168$4,522,104$1,396,376,753
100$1,961,464,584$35,339,721$4,400,639$1,538,307,404