Can I retire at age 30 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$186,629$184,966$183,344$181,761$180,216$178,706
2 years$92,390$90,670$89,002$87,385$85,817$84,295
3 years$60,982$59,254$57,590$55,989$54,446$52,959
4 years$45,281$43,558$41,911$40,337$38,831$37,391
5 years$35,862$34,150$32,525$30,982$29,519$28,130
6 years$29,585$27,886$26,285$24,777$23,357$22,021
7 years$25,104$23,419$21,843$20,370$18,996$17,713
8 years$21,744$20,074$18,524$17,088$15,759$14,529
9 years$19,132$17,478$15,955$14,555$13,271$12,095
10 years$17,044$15,406$13,910$12,547$11,308$10,183
11 years$15,337$13,715$12,246$10,920$9,725$8,652
12 years$13,915$12,310$10,868$9,578$8,427$7,405
13 years$12,713$11,125$9,710$8,456$7,349$6,376
14 years$11,683$10,112$8,724$7,506$6,442$5,517
15 years$10,792$9,237$7,877$6,694$5,672$4,794
16 years$10,013$8,475$7,142$5,994$5,013$4,180
17 years$9,326$7,805$6,499$5,385$4,445$3,656
18 years$8,716$7,212$5,932$4,853$3,952$3,205
19 years$8,171$6,684$5,431$4,385$3,523$2,817
20 years$7,681$6,211$4,984$3,972$3,146$2,480
21 years$7,238$5,786$4,584$3,605$2,816$2,187
22 years$6,836$5,401$4,225$3,278$2,524$1,932
23 years$6,470$5,051$3,901$2,985$2,266$1,708
24 years$6,135$4,733$3,608$2,722$2,036$1,512
25 years$5,827$4,441$3,342$2,486$1,832$1,340
26 years$5,543$4,174$3,099$2,273$1,651$1,189
27 years$5,280$3,928$2,878$2,081$1,488$1,055
28 years$5,037$3,702$2,675$1,906$1,343$937
29 years$4,811$3,492$2,490$1,748$1,213$833
30 years$4,600$3,298$2,319$1,604$1,096$740
31 years$4,404$3,118$2,162$1,474$991$659
32 years$4,220$2,950$2,017$1,354$896$586
33 years$4,047$2,794$1,883$1,245$811$522
34 years$3,885$2,648$1,760$1,146$734$465
35 years$3,733$2,511$1,645$1,055$665$414
36 years$3,589$2,384$1,539$971$602$369
37 years$3,454$2,264$1,441$895$546$329
38 years$3,326$2,152$1,349$825$495$293
39 years$3,205$2,046$1,264$761$449$261
40 years$3,090$1,946$1,185$702$407$233
41 years$2,981$1,853$1,111$647$369$208
42 years$2,877$1,765$1,042$597$335$185
43 years$2,779$1,681$978$551$304$165
44 years$2,685$1,603$918$509$276$147
45 years$2,596$1,528$862$470$251$132
46 years$2,511$1,458$809$434$228$117
47 years$2,430$1,391$760$401$207$105
48 years$2,352$1,328$715$371$188$93
49 years$2,278$1,268$672$343$170$83
50 years$2,207$1,212$631$317$155$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,260,000, adding $6,347 every year, while hoping to spend $38,398 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: 63/8/29 Blend
29$2,260,000$2,260,000$2,260,000$2,260,000
30$2,497,067$2,377,287$2,342,257$2,634,615
31$2,710,913$2,452,919$2,379,867$2,804,391
32$2,945,284$2,530,970$2,417,451$2,985,020
33$3,202,233$2,611,518$2,454,966$3,181,517
34$3,484,022$2,694,643$2,492,368$3,395,444
35$3,793,141$2,780,429$2,529,611$3,628,525
36$4,132,333$2,868,962$2,566,645$3,882,655
37$4,504,620$2,960,330$2,603,417$4,159,925
38$4,913,330$3,054,625$2,639,870$4,462,635
39$5,362,129$3,151,942$2,675,945$4,793,322
40$5,855,057$3,252,377$2,711,580$5,154,780
41$6,396,562$3,356,033$2,746,707$5,550,084
42$6,991,546$3,463,013$2,781,256$5,982,627
43$7,645,407$3,573,425$2,815,152$6,456,143
44$8,364,096$3,687,380$2,848,317$6,974,748
45$9,154,165$3,804,992$2,880,667$7,542,977
46$10,022,834$3,926,381$2,912,113$8,165,826
47$10,978,058$4,051,669$2,942,564$8,848,800
48$12,028,601$4,180,982$2,971,921$9,597,965
49$13,184,119$4,314,451$3,000,081$10,420,006
50$14,455,251$4,452,210$3,026,936$11,322,287
51$15,853,718$4,594,401$3,052,370$12,312,923
52$17,392,436$4,741,165$3,076,263$13,400,857
53$19,085,635$4,892,653$3,098,488$14,595,944
54$20,948,994$5,049,017$3,118,912$15,909,041
55$22,999,790$5,210,417$3,137,394$17,352,115
56$25,257,057$5,377,016$3,153,785$18,938,350
57$27,741,771$5,548,984$3,167,932$20,682,277
58$30,477,044$5,726,497$3,179,669$22,599,907
59$33,488,341$5,909,734$3,188,827$24,708,884
60$36,803,724$6,098,883$3,195,225$27,028,652
61$40,454,113$6,294,137$3,198,673$29,580,636
62$44,473,578$6,495,695$3,198,974$32,388,449
63$48,899,662$6,703,763$3,195,919$35,478,110
64$53,773,735$6,918,555$3,189,290$38,878,293
65$59,141,382$7,140,290$3,178,858$42,620,596
66$65,052,835$7,369,197$3,164,382$46,739,840
67$71,563,446$7,605,509$3,145,610$51,274,398
68$78,734,209$7,849,470$3,122,279$56,266,559
69$86,632,335$8,101,331$3,094,112$61,762,922
70$95,331,887$8,361,351$3,060,819$67,814,842
71$104,914,481$8,629,798$3,022,098$74,478,912
72$115,470,049$8,906,949$2,977,629$81,817,498
73$127,097,696$9,193,091$2,927,081$89,899,328
74$139,906,628$9,488,520$2,870,106$98,800,142
75$154,017,187$9,793,540$2,806,338$108,603,405
76$169,561,986$10,108,470$2,735,396$119,401,096
77$186,687,159$10,433,635$2,656,882$131,294,579
78$205,553,740$10,769,374$2,570,378$144,395,557
79$226,339,183$11,116,035$2,475,447$158,827,129
80$249,239,039$11,473,980$2,371,634$174,724,952
81$274,468,797$11,843,581$2,258,460$192,238,520
82$302,265,924$12,225,226$2,135,428$211,532,578
83$332,892,099$12,619,312$2,002,015$232,788,680
84$366,635,687$13,026,253$1,857,677$256,206,896
85$403,814,462$13,446,475$1,701,844$282,007,711
86$444,778,604$13,880,418$1,533,922$310,434,099
87$489,914,002$14,328,539$1,353,289$341,753,820
88$539,645,902$14,791,310$1,159,297$376,261,952
89$594,442,917$15,269,217$951,267$414,283,671
90$654,821,452$15,762,766$728,491$456,177,328
91$721,350,576$16,272,477$490,231$502,337,827
92$794,657,396$16,798,890$235,716$553,200,359
93$875,432,978$17,342,563$0$609,244,509
94$964,438,866$17,904,073$0$671,009,891
95$1,062,514,273$18,484,016$0$739,146,378
96$1,170,584,005$19,083,009$0$814,223,060
97$1,289,667,189$19,701,691$0$896,947,528
98$1,420,886,890$20,340,722$0$988,099,535
99$1,565,480,722$21,000,786$0$1,088,538,360
100$1,724,812,520$21,682,589$0$1,199,210,919