Can I retire at age 30 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$188,280$186,603$184,967$183,370$181,810$177,271
2 years$93,208$91,472$89,790$88,159$86,576$82,032
3 years$61,521$59,778$58,100$56,484$54,928$50,520
4 years$45,681$43,943$42,282$40,694$39,175$34,938
5 years$36,180$34,452$32,812$31,257$29,780$25,726
6 years$29,847$28,133$26,517$24,996$23,564$19,696
7 years$25,326$23,626$22,036$20,551$19,164$15,483
8 years$21,936$20,252$18,688$17,239$15,898$12,403
9 years$19,302$17,633$16,096$14,684$13,389$10,076
10 years$17,195$15,542$14,033$12,658$11,408$8,274
11 years$15,472$13,836$12,354$11,016$9,811$6,851
12 years$14,038$12,419$10,964$9,663$8,502$5,711
13 years$12,825$11,223$9,796$8,531$7,414$4,786
14 years$11,787$10,201$8,802$7,573$6,499$4,029
15 years$10,887$9,319$7,947$6,753$5,722$3,403
16 years$10,101$8,550$7,205$6,047$5,057$2,884
17 years$9,408$7,874$6,556$5,433$4,484$2,449
18 years$8,793$7,276$5,985$4,896$3,987$2,085
19 years$8,243$6,744$5,479$4,424$3,554$1,778
20 years$7,749$6,266$5,028$4,007$3,174$1,518
21 years$7,302$5,837$4,625$3,637$2,841$1,298
22 years$6,897$5,449$4,263$3,307$2,546$1,111
23 years$6,527$5,096$3,936$3,011$2,286$952
24 years$6,189$4,775$3,640$2,747$2,054$816
25 years$5,878$4,481$3,371$2,508$1,849$700
26 years$5,592$4,211$3,127$2,293$1,665$601
27 years$5,327$3,963$2,903$2,099$1,501$516
28 years$5,082$3,734$2,699$1,923$1,355$443
29 years$4,854$3,523$2,512$1,764$1,223$381
30 years$4,641$3,327$2,340$1,619$1,105$328
31 years$4,443$3,145$2,181$1,487$999$282
32 years$4,257$2,976$2,035$1,366$904$242
33 years$4,083$2,818$1,900$1,256$818$209
34 years$3,920$2,671$1,775$1,156$741$179
35 years$3,766$2,534$1,660$1,064$671$154
36 years$3,621$2,405$1,553$980$608$133
37 years$3,484$2,284$1,453$903$551$114
38 years$3,355$2,171$1,361$832$499$98
39 years$3,233$2,064$1,275$767$453$85
40 years$3,117$1,964$1,195$708$411$73
41 years$3,007$1,869$1,121$653$373$63
42 years$2,903$1,780$1,051$603$338$54
43 years$2,803$1,696$986$556$307$47
44 years$2,709$1,617$926$514$279$40
45 years$2,619$1,542$869$474$253$35
46 years$2,533$1,471$817$438$230$30
47 years$2,451$1,404$767$405$209$26
48 years$2,373$1,340$721$374$189$22
49 years$2,298$1,280$678$346$172$19
50 years$2,226$1,222$637$320$156$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,280,000, adding $2,084 every year, while hoping to spend $20,360 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: 48/34/18 Blend
29$2,280,000$2,280,000$2,280,000$2,280,000
30$2,514,710$2,393,870$2,358,530$2,622,582
31$2,749,547$2,489,506$2,415,878$2,793,286
32$3,007,656$2,589,147$2,474,464$2,976,300
33$3,291,387$2,692,966$2,534,310$3,174,595
34$3,603,334$2,801,146$2,595,434$3,389,608
35$3,946,350$2,913,878$2,657,857$3,622,923
36$4,323,581$3,031,362$2,721,598$3,876,278
37$4,738,493$3,153,805$2,786,678$4,151,584
38$5,194,903$3,281,426$2,853,117$4,450,943
39$5,697,020$3,414,453$2,920,933$4,776,665
40$6,249,479$3,553,123$2,990,146$5,131,290
41$6,857,386$3,697,686$3,060,776$5,517,612
42$7,526,368$3,848,402$3,132,842$5,938,705
43$8,262,628$4,005,544$3,206,362$6,397,948
44$9,072,996$4,169,395$3,281,355$6,899,062
45$9,965,000$4,340,254$3,357,839$7,446,136
46$10,946,935$4,518,432$3,435,831$8,043,674
47$12,027,941$4,704,253$3,515,350$8,696,629
48$13,218,088$4,898,060$3,596,412$9,410,452
49$14,528,475$5,100,206$3,679,034$10,191,145
50$15,971,328$5,311,065$3,763,230$11,045,310
51$17,560,123$5,531,026$3,849,018$11,980,217
52$19,309,706$5,760,497$3,936,410$13,003,868
53$21,236,437$5,999,902$4,025,421$14,125,071
54$23,358,345$6,249,689$4,116,063$15,353,523
55$25,695,294$6,510,322$4,208,350$16,699,901
56$28,269,177$6,782,290$4,302,292$18,175,961
57$31,104,113$7,066,103$4,397,899$19,794,646
58$34,226,685$7,362,294$4,495,181$21,570,207
59$37,666,182$7,671,422$4,594,145$23,518,341
60$41,454,882$7,994,071$4,694,799$25,656,329
61$45,628,352$8,330,853$4,797,147$28,003,204
62$50,225,786$8,682,406$4,901,193$30,579,927
63$55,290,373$9,049,401$5,006,940$33,409,584
64$60,869,708$9,432,538$5,114,389$36,517,599
65$67,016,235$9,832,550$5,223,538$39,931,975
66$73,787,749$10,250,203$5,334,385$43,683,557
67$81,247,938$10,686,301$5,446,925$47,806,317
68$89,466,981$11,141,684$5,561,151$52,337,678
69$98,522,218$11,617,230$5,677,053$57,318,860
70$108,498,871$12,113,861$5,794,621$62,795,268
71$119,490,855$12,632,540$5,913,840$68,816,923
72$131,601,662$13,174,274$6,034,694$75,438,922
73$144,945,338$13,740,120$6,157,163$82,721,964
74$159,647,558$14,331,182$6,281,224$90,732,918
75$175,846,815$14,948,616$6,406,851$99,545,447
76$193,695,726$15,593,634$6,534,016$109,240,707
77$213,362,471$16,267,503$6,662,686$119,908,104
78$235,032,381$16,971,549$6,792,824$131,646,138
79$258,909,691$17,707,162$6,924,391$144,563,329
80$285,219,463$18,475,796$7,057,341$158,779,236
81$314,209,712$19,278,974$7,191,627$174,425,585
82$346,153,750$20,118,291$7,327,193$191,647,503
83$381,352,761$20,995,415$7,463,982$210,604,892
84$420,138,647$21,912,096$7,601,931$231,473,926
85$462,877,164$22,870,163$7,740,970$254,448,714
86$509,971,366$23,871,533$7,881,024$279,743,127
87$561,865,421$24,918,213$8,022,014$307,592,813
88$619,048,793$26,012,305$8,163,851$338,257,412
89$682,060,873$27,156,010$8,306,442$372,023,008
90$751,496,061$28,351,634$8,449,687$409,204,820
91$828,009,385$29,601,590$8,593,478$450,150,171
92$912,322,681$30,908,407$8,737,698$495,241,765
93$1,005,231,408$32,274,732$8,882,224$544,901,289
94$1,107,612,157$33,703,340$9,026,925$599,593,391
95$1,220,430,928$35,197,134$9,171,657$659,830,054
96$1,344,752,247$36,759,158$9,316,272$726,175,429
97$1,481,749,217$38,392,598$9,460,608$799,251,147
98$1,632,714,594$40,100,791$9,604,495$879,742,183
99$1,799,072,988$41,887,236$9,747,752$968,403,313
100$1,982,394,316$43,755,594$9,890,185$1,066,066,231