Can I retire at age 30 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$184,151$182,511$180,911$179,349$177,823$174,734
2 years$91,164$89,466$87,821$86,225$84,678$81,575
3 years$60,172$58,467$56,826$55,245$53,723$50,704
4 years$44,679$42,980$41,355$39,801$38,316$35,403
5 years$35,386$33,696$32,093$30,571$29,127$26,330
6 years$29,193$27,516$25,936$24,448$23,047$20,368
7 years$24,771$23,108$21,553$20,100$18,744$16,184
8 years$21,455$19,808$18,278$16,861$15,550$13,108
9 years$18,878$17,246$15,743$14,362$13,095$10,771
10 years$16,818$15,202$13,725$12,380$11,158$8,948
11 years$15,133$13,533$12,084$10,775$9,596$7,500
12 years$13,730$12,147$10,724$9,451$8,316$6,329
13 years$12,544$10,977$9,581$8,344$7,251$5,372
14 years$11,528$9,978$8,609$7,407$6,357$4,581
15 years$10,649$9,115$7,772$6,605$5,597$3,921
16 years$9,880$8,363$7,047$5,914$4,946$3,367
17 years$9,202$7,702$6,412$5,314$4,386$2,900
18 years$8,600$7,117$5,854$4,789$3,900$2,503
19 years$8,062$6,596$5,359$4,327$3,476$2,164
20 years$7,579$6,129$4,918$3,919$3,105$1,875
21 years$7,142$5,709$4,524$3,557$2,778$1,626
22 years$6,746$5,329$4,169$3,234$2,490$1,413
23 years$6,384$4,984$3,850$2,945$2,236$1,228
24 years$6,053$4,670$3,560$2,686$2,009$1,069
25 years$5,749$4,382$3,297$2,453$1,808$931
26 years$5,469$4,119$3,058$2,243$1,629$812
27 years$5,210$3,876$2,840$2,053$1,468$708
28 years$4,970$3,653$2,640$1,881$1,325$618
29 years$4,747$3,446$2,457$1,725$1,196$539
30 years$4,539$3,254$2,288$1,583$1,081$471
31 years$4,345$3,076$2,133$1,454$977$411
32 years$4,164$2,911$1,990$1,336$884$359
33 years$3,994$2,757$1,858$1,229$800$314
34 years$3,834$2,613$1,736$1,131$724$275
35 years$3,683$2,478$1,623$1,041$656$240
36 years$3,542$2,352$1,519$959$594$210
37 years$3,408$2,234$1,421$883$539$184
38 years$3,282$2,123$1,331$814$488$161
39 years$3,162$2,019$1,247$751$443$141
40 years$3,049$1,921$1,169$692$402$123
41 years$2,941$1,828$1,096$639$365$108
42 years$2,839$1,741$1,028$589$331$94
43 years$2,742$1,659$965$544$300$83
44 years$2,650$1,581$906$502$272$72
45 years$2,561$1,508$850$464$247$63
46 years$2,477$1,439$799$429$225$55
47 years$2,397$1,373$750$396$204$48
48 years$2,321$1,311$705$366$185$42
49 years$2,247$1,252$663$338$168$37
50 years$2,177$1,195$623$313$153$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,230,000, adding $4,115 every year, while hoping to spend $59,166 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: 36/50/14 Blend
29$2,230,000$2,230,000$2,230,000$2,230,000
30$2,461,705$2,343,515$2,308,950$2,539,583
31$2,649,846$2,395,395$2,323,347$2,647,946
32$2,855,195$2,447,834$2,336,244$2,758,913
33$3,079,445$2,500,797$2,347,528$2,877,424
34$3,324,458$2,554,246$2,357,079$3,004,180
35$3,592,286$2,608,137$2,364,775$3,139,956
36$3,885,187$2,662,424$2,370,483$3,285,603
37$4,205,649$2,717,055$2,374,067$3,442,062
38$4,556,409$2,771,975$2,375,382$3,610,369
39$4,940,483$2,827,122$2,374,278$3,791,666
40$5,361,191$2,882,430$2,370,595$3,987,212
41$5,822,190$2,937,826$2,364,167$4,198,398
42$6,327,506$2,993,233$2,354,820$4,426,754
43$6,881,576$3,048,566$2,342,371$4,673,969
44$7,489,284$3,103,732$2,326,627$4,941,905
45$8,156,010$3,158,634$2,307,388$5,232,617
46$8,887,681$3,213,166$2,284,444$5,548,369
47$9,690,825$3,267,211$2,257,573$5,891,660
48$10,572,633$3,320,648$2,226,546$6,265,243
49$11,541,025$3,373,344$2,191,119$6,672,158
50$12,604,728$3,425,156$2,151,039$7,115,755
51$13,773,354$3,475,932$2,106,043$7,599,730
52$15,057,492$3,525,509$2,055,851$8,128,157
53$16,468,809$3,573,712$2,000,175$8,705,532
54$18,020,157$3,620,353$1,938,711$9,336,812
55$19,725,696$3,665,233$1,871,140$10,027,462
56$21,601,026$3,708,138$1,797,132$10,783,514
57$23,663,333$3,748,840$1,716,339$11,611,614
58$25,931,554$3,787,094$1,628,397$12,519,096
59$28,426,553$3,822,642$1,532,929$13,514,045
60$31,171,316$3,855,205$1,429,536$14,605,378
61$34,191,170$3,884,490$1,317,805$15,802,930
62$37,514,021$3,910,182$1,197,304$17,117,543
63$41,170,616$3,931,947$1,067,579$18,561,175
64$45,194,835$3,949,428$928,158$20,147,011
65$49,624,005$3,962,247$778,549$21,889,592
66$54,499,259$3,970,002$618,236$23,804,950
67$59,865,917$3,972,266$446,680$25,910,763
68$65,773,918$3,968,584$263,321$28,226,523
69$72,278,288$3,958,475$67,573$30,773,723
70$79,439,660$3,941,427$0$33,576,061
71$87,324,844$3,916,896$0$36,680,777
72$96,007,462$3,884,307$0$40,107,712
73$105,568,633$3,843,049$0$43,878,623
74$116,097,750$3,792,474$0$48,028,632
75$127,693,311$3,731,896$0$52,596,458
76$140,463,857$3,660,588$0$57,624,776
77$154,528,993$3,577,779$0$63,160,633
78$170,020,515$3,482,654$0$69,255,886
79$187,083,652$3,374,349$0$75,967,697
80$205,878,443$3,251,951$0$83,359,076
81$226,581,239$3,114,491$0$91,499,477
82$249,386,370$2,960,946$0$100,465,458
83$274,507,981$2,790,233$0$110,341,405
84$302,182,048$2,601,208$0$121,220,333
85$332,668,609$2,392,659$0$133,204,770
86$366,254,215$2,163,307$0$146,407,723
87$403,254,636$1,911,800$0$160,953,754
88$444,017,837$1,636,707$0$176,980,157
89$488,927,269$1,336,518$0$194,638,263
90$538,405,481$1,009,638$0$214,094,867
91$592,918,111$654,381$0$235,533,811
92$652,978,280$268,967$0$259,157,728
93$719,151,436$0$0$285,189,954
94$792,060,689$0$0$313,958,343
95$872,392,693$0$0$345,819,215
96$960,904,130$0$0$380,924,765
97$1,058,428,845$0$0$419,605,789
98$1,165,885,724$0$0$462,226,818
99$1,284,287,366$0$0$509,189,561
100$1,414,749,635$0$0$560,936,695