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

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$184,151$182,511$180,911$179,349$177,823$172,754
2 years$91,164$89,466$87,821$86,225$84,678$79,610
3 years$60,172$58,467$56,826$55,245$53,723$48,816
4 years$44,679$42,980$41,355$39,801$38,316$33,606
5 years$35,386$33,696$32,093$30,571$29,127$24,629
6 years$29,193$27,516$25,936$24,448$23,047$18,764
7 years$24,771$23,108$21,553$20,100$18,744$14,675
8 years$21,455$19,808$18,278$16,861$15,550$11,694
9 years$18,878$17,246$15,743$14,362$13,095$9,448
10 years$16,818$15,202$13,725$12,380$11,158$7,715
11 years$15,133$13,533$12,084$10,775$9,596$6,351
12 years$13,730$12,147$10,724$9,451$8,316$5,263
13 years$12,544$10,977$9,581$8,344$7,251$4,384
14 years$11,528$9,978$8,609$7,407$6,357$3,668
15 years$10,649$9,115$7,772$6,605$5,597$3,079
16 years$9,880$8,363$7,047$5,914$4,946$2,592
17 years$9,202$7,702$6,412$5,314$4,386$2,187
18 years$8,600$7,117$5,854$4,789$3,900$1,850
19 years$8,062$6,596$5,359$4,327$3,476$1,566
20 years$7,579$6,129$4,918$3,919$3,105$1,329
21 years$7,142$5,709$4,524$3,557$2,778$1,128
22 years$6,746$5,329$4,169$3,234$2,490$959
23 years$6,384$4,984$3,850$2,945$2,236$816
24 years$6,053$4,670$3,560$2,686$2,009$694
25 years$5,749$4,382$3,297$2,453$1,808$591
26 years$5,469$4,119$3,058$2,243$1,629$504
27 years$5,210$3,876$2,840$2,053$1,468$430
28 years$4,970$3,653$2,640$1,881$1,325$366
29 years$4,747$3,446$2,457$1,725$1,196$313
30 years$4,539$3,254$2,288$1,583$1,081$267
31 years$4,345$3,076$2,133$1,454$977$228
32 years$4,164$2,911$1,990$1,336$884$194
33 years$3,994$2,757$1,858$1,229$800$166
34 years$3,834$2,613$1,736$1,131$724$142
35 years$3,683$2,478$1,623$1,041$656$121
36 years$3,542$2,352$1,519$959$594$103
37 years$3,408$2,234$1,421$883$539$88
38 years$3,282$2,123$1,331$814$488$75
39 years$3,162$2,019$1,247$751$443$65
40 years$3,049$1,921$1,169$692$402$55
41 years$2,941$1,828$1,096$639$365$47
42 years$2,839$1,741$1,028$589$331$40
43 years$2,742$1,659$965$544$300$34
44 years$2,650$1,581$906$502$272$29
45 years$2,561$1,508$850$464$247$25
46 years$2,477$1,439$799$429$225$21
47 years$2,397$1,373$750$396$204$18
48 years$2,321$1,311$705$366$185$16
49 years$2,247$1,252$663$338$168$13
50 years$2,177$1,195$623$313$153$11

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 $4,675 every year, while hoping to spend $20,951 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: 50/42/8 Blend
29$2,230,000$2,230,000$2,230,000$2,230,000
30$2,462,282$2,344,092$2,309,527$2,580,071
31$2,691,143$2,436,661$2,364,605$2,753,525
32$2,942,646$2,533,064$2,420,825$2,939,276
33$3,219,078$2,633,466$2,478,205$3,140,623
34$3,522,958$2,738,040$2,536,759$3,359,032
35$3,857,064$2,846,968$2,596,505$3,596,113
36$4,224,454$2,960,438$2,657,457$3,853,636
37$4,628,497$3,078,649$2,719,630$4,133,546
38$5,072,907$3,201,806$2,783,041$4,437,982
39$5,561,775$3,330,126$2,847,704$4,769,294
40$6,099,607$3,463,833$2,913,633$5,130,066
41$6,691,369$3,603,163$2,980,842$5,523,139
42$7,342,534$3,748,363$3,049,346$5,951,638
43$8,059,130$3,899,691$3,119,156$6,419,000
44$8,847,800$4,057,414$3,190,287$6,929,003
45$9,715,863$4,221,815$3,262,749$7,485,807
46$10,671,385$4,393,188$3,336,555$8,093,986
47$11,723,252$4,571,840$3,411,715$8,758,573
48$12,881,256$4,758,092$3,488,240$9,485,105
49$14,156,187$4,952,281$3,566,139$10,279,676
50$15,559,933$5,154,759$3,645,420$11,148,994
51$17,105,596$5,365,892$3,726,091$12,100,439
52$18,807,611$5,586,064$3,808,159$13,142,136
53$20,681,885$5,815,679$3,891,630$14,283,025
54$22,745,945$6,055,155$3,976,507$15,532,951
55$25,019,106$6,304,932$4,062,795$16,902,751
56$27,522,652$6,565,471$4,150,496$18,404,354
57$30,280,034$6,837,251$4,239,610$20,050,893
58$33,317,097$7,120,776$4,330,136$21,856,832
59$36,662,318$7,416,571$4,422,073$23,838,092
60$40,347,078$7,725,186$4,515,416$26,012,206
61$44,405,958$8,047,198$4,610,160$28,398,483
62$48,877,063$8,383,208$4,706,297$31,018,182
63$53,802,384$8,733,846$4,803,819$33,894,717
64$59,228,193$9,099,771$4,902,713$37,053,874
65$65,205,481$9,481,672$5,002,966$40,524,052
66$71,790,437$9,880,270$5,104,562$44,336,527
67$79,044,979$10,296,321$5,207,483$48,525,747
68$87,037,340$10,730,614$5,311,706$53,129,655
69$95,842,709$11,183,974$5,417,209$58,190,042
70$105,543,944$11,657,268$5,523,964$63,752,942
71$116,232,352$12,151,399$5,631,942$69,869,062
72$128,008,549$12,667,315$5,741,110$76,594,255
73$140,983,414$13,206,007$5,851,430$83,990,049
74$155,279,132$13,768,511$5,962,863$92,124,223
75$171,030,348$14,355,913$6,075,364$101,071,441
76$188,385,440$14,969,349$6,188,885$110,913,954
77$207,507,917$15,610,009$6,303,374$121,742,377
78$228,577,962$16,279,137$6,418,774$133,656,534
79$251,794,134$16,978,035$6,535,024$146,766,402
80$277,375,245$17,708,068$6,652,056$161,193,139
81$305,562,419$18,470,662$6,769,800$177,070,229
82$336,621,375$19,267,314$6,888,177$194,544,736
83$370,844,929$20,099,586$7,007,104$213,778,683
84$408,555,763$20,969,117$7,126,494$234,950,583
85$450,109,469$21,877,622$7,246,249$258,257,115
86$495,897,905$22,826,895$7,366,269$283,914,976
87$546,352,895$23,818,817$7,486,442$312,162,920
88$601,950,306$24,855,355$7,606,654$343,264,006
89$663,214,540$25,938,570$7,726,780$377,508,080
90$730,723,483$27,070,620$7,846,687$415,214,495
91$805,113,962$28,253,763$7,966,234$456,735,127
92$887,087,755$29,490,367$8,085,272$502,457,687
93$977,418,218$30,782,907$8,203,640$552,809,372
94$1,076,957,584$32,133,978$8,321,171$608,260,892
95$1,186,645,012$33,546,296$8,437,684$669,330,905
96$1,307,515,446$35,022,708$8,552,990$736,590,905
97$1,440,709,394$36,566,192$8,666,886$810,670,606
98$1,587,483,685$38,179,869$8,779,161$892,263,882
99$1,749,223,346$39,867,008$8,889,587$982,135,301
100$1,927,454,666$41,631,030$8,997,927$1,081,127,338