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%15.7%
1 years$184,151$182,511$180,911$179,349$177,823$173,666
2 years$91,164$89,466$87,821$86,225$84,678$80,513
3 years$60,172$58,467$56,826$55,245$53,723$49,680
4 years$44,679$42,980$41,355$39,801$38,316$34,427
5 years$35,386$33,696$32,093$30,571$29,127$25,403
6 years$29,193$27,516$25,936$24,448$23,047$19,492
7 years$24,771$23,108$21,553$20,100$18,744$15,357
8 years$21,455$19,808$18,278$16,861$15,550$12,331
9 years$18,878$17,246$15,743$14,362$13,095$10,041
10 years$16,818$15,202$13,725$12,380$11,158$8,266
11 years$15,133$13,533$12,084$10,775$9,596$6,862
12 years$13,730$12,147$10,724$9,451$8,316$5,735
13 years$12,544$10,977$9,581$8,344$7,251$4,819
14 years$11,528$9,978$8,609$7,407$6,357$4,068
15 years$10,649$9,115$7,772$6,605$5,597$3,446
16 years$9,880$8,363$7,047$5,914$4,946$2,928
17 years$9,202$7,702$6,412$5,314$4,386$2,494
18 years$8,600$7,117$5,854$4,789$3,900$2,129
19 years$8,062$6,596$5,359$4,327$3,476$1,821
20 years$7,579$6,129$4,918$3,919$3,105$1,560
21 years$7,142$5,709$4,524$3,557$2,778$1,338
22 years$6,746$5,329$4,169$3,234$2,490$1,149
23 years$6,384$4,984$3,850$2,945$2,236$987
24 years$6,053$4,670$3,560$2,686$2,009$849
25 years$5,749$4,382$3,297$2,453$1,808$731
26 years$5,469$4,119$3,058$2,243$1,629$629
27 years$5,210$3,876$2,840$2,053$1,468$542
28 years$4,970$3,653$2,640$1,881$1,325$467
29 years$4,747$3,446$2,457$1,725$1,196$403
30 years$4,539$3,254$2,288$1,583$1,081$348
31 years$4,345$3,076$2,133$1,454$977$300
32 years$4,164$2,911$1,990$1,336$884$259
33 years$3,994$2,757$1,858$1,229$800$223
34 years$3,834$2,613$1,736$1,131$724$193
35 years$3,683$2,478$1,623$1,041$656$167
36 years$3,542$2,352$1,519$959$594$144
37 years$3,408$2,234$1,421$883$539$124
38 years$3,282$2,123$1,331$814$488$107
39 years$3,162$2,019$1,247$751$443$93
40 years$3,049$1,921$1,169$692$402$80
41 years$2,941$1,828$1,096$639$365$69
42 years$2,839$1,741$1,028$589$331$60
43 years$2,742$1,659$965$544$300$52
44 years$2,650$1,581$906$502$272$45
45 years$2,561$1,508$850$464$247$39
46 years$2,477$1,439$799$429$225$33
47 years$2,397$1,373$750$396$204$29
48 years$2,321$1,311$705$366$185$25
49 years$2,247$1,252$663$338$168$22
50 years$2,177$1,195$623$313$153$19

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 $3,385 every year, while hoping to spend $35,616 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: 38/50/12 Blend
29$2,230,000$2,230,000$2,230,000$2,230,000
30$2,460,952$2,342,762$2,308,197$2,545,354
31$2,674,074$2,419,662$2,347,626$2,682,610
32$2,907,740$2,499,136$2,387,183$2,827,131
33$3,164,010$2,581,274$2,426,833$2,982,527
34$3,445,148$2,666,166$2,466,542$3,149,793
35$3,753,653$2,753,908$2,506,271$3,330,019
36$4,092,274$2,844,598$2,545,979$3,524,402
37$4,464,040$2,938,337$2,585,624$3,734,260
38$4,872,289$3,035,233$2,625,159$3,961,039
39$5,320,696$3,135,392$2,664,535$4,206,331
40$5,813,311$3,238,930$2,703,700$4,471,884
41$6,354,594$3,345,963$2,742,600$4,759,621
42$6,949,460$3,456,613$2,781,175$5,071,657
43$7,603,324$3,571,006$2,819,363$5,410,317
44$8,322,150$3,689,272$2,857,099$5,778,160
45$9,112,509$3,811,547$2,894,312$6,177,999
46$9,981,643$3,937,970$2,930,929$6,612,932
47$10,937,528$4,068,688$2,966,872$7,086,365
48$11,988,952$4,203,850$3,002,058$7,602,047
49$13,145,598$4,343,612$3,036,401$8,164,106
50$14,418,137$4,488,137$3,069,808$8,777,081
51$15,818,323$4,637,592$3,102,183$9,445,971
52$17,359,108$4,792,150$3,133,422$10,176,280
53$19,054,764$4,951,992$3,163,418$10,974,064
54$20,921,015$5,117,304$3,192,058$11,845,992
55$22,975,187$5,288,281$3,219,221$12,799,408
56$25,236,373$5,465,123$3,244,781$13,842,394
57$27,725,607$5,648,038$3,268,605$14,983,854
58$30,466,069$5,837,243$3,290,554$16,233,590
59$33,483,301$6,032,961$3,310,480$17,602,397
60$36,805,446$6,235,424$3,328,230$19,102,163
61$40,463,516$6,444,874$3,343,639$20,745,981
62$44,491,681$6,661,560$3,356,538$22,548,271
63$48,927,598$6,885,741$3,366,748$24,524,915
64$53,812,758$7,117,687$3,374,078$26,693,406
65$59,192,882$7,357,677$3,378,333$29,073,012
66$65,118,352$7,606,000$3,379,304$31,684,958
67$71,644,686$7,862,955$3,376,772$34,552,623
68$78,833,060$8,128,857$3,370,510$37,701,761
69$86,750,888$8,404,026$3,360,278$41,160,741
70$95,472,456$8,688,800$3,345,824$44,960,816
71$105,079,621$8,983,527$3,326,884$49,136,418
72$115,662,591$9,288,568$3,303,183$53,725,474
73$127,320,766$9,604,298$3,274,431$58,769,773
74$140,163,684$9,931,108$3,240,324$64,315,350
75$154,312,049$10,269,402$3,200,544$70,412,926
76$169,898,875$10,619,600$3,154,760$77,118,381
77$187,070,738$10,982,138$3,102,622$84,493,279
78$205,989,160$11,357,470$3,043,766$92,605,454
79$226,832,133$11,746,064$2,977,810$101,529,640
80$249,795,799$12,148,410$2,904,356$111,348,182
81$275,096,303$12,565,015$2,822,984$122,151,805
82$302,971,831$12,996,405$2,733,259$134,040,476
83$333,684,857$13,443,128$2,634,723$147,124,339
84$367,524,623$13,905,752$2,526,897$161,524,757
85$404,809,869$14,384,869$2,409,282$177,375,452
86$445,891,839$14,881,090$2,281,356$194,823,769
87$491,157,597$15,395,055$2,142,573$214,032,063
88$541,033,684$15,927,424$1,992,361$235,179,227
89$595,990,139$16,478,887$1,830,124$258,462,385
90$656,544,939$17,050,159$1,655,239$284,098,741
91$723,268,889$17,641,983$1,467,056$312,327,636
92$796,791,008$18,255,132$1,264,894$343,412,799
93$877,804,466$18,890,409$1,048,044$377,644,836
94$967,073,131$19,548,649$815,763$415,343,972
95$1,065,438,778$20,230,720$567,278$456,863,066
96$1,173,829,032$20,937,524$301,781$502,590,945
97$1,293,266,131$21,670,000$18,428$552,956,069
98$1,424,876,569$22,429,123$0$608,430,574
99$1,569,901,737$23,215,908$0$669,571,079
100$1,729,709,637$24,031,410$0$736,919,407