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%12.9%
1 years$188,280$186,603$184,967$183,370$181,810$179,613
2 years$93,208$91,472$89,790$88,159$86,576$84,365
3 years$61,521$59,778$58,100$56,484$54,928$52,771
4 years$45,681$43,943$42,282$40,694$39,175$37,089
5 years$36,180$34,452$32,812$31,257$29,780$27,772
6 years$29,847$28,133$26,517$24,996$23,564$21,636
7 years$25,326$23,626$22,036$20,551$19,164$17,316
8 years$21,936$20,252$18,688$17,239$15,898$14,131
9 years$19,302$17,633$16,096$14,684$13,389$11,701
10 years$17,195$15,542$14,033$12,658$11,408$9,799
11 years$15,472$13,836$12,354$11,016$9,811$8,279
12 years$14,038$12,419$10,964$9,663$8,502$7,045
13 years$12,825$11,223$9,796$8,531$7,414$6,031
14 years$11,787$10,201$8,802$7,573$6,499$5,187
15 years$10,887$9,319$7,947$6,753$5,722$4,480
16 years$10,101$8,550$7,205$6,047$5,057$3,882
17 years$9,408$7,874$6,556$5,433$4,484$3,374
18 years$8,793$7,276$5,985$4,896$3,987$2,940
19 years$8,243$6,744$5,479$4,424$3,554$2,567
20 years$7,749$6,266$5,028$4,007$3,174$2,245
21 years$7,302$5,837$4,625$3,637$2,841$1,967
22 years$6,897$5,449$4,263$3,307$2,546$1,725
23 years$6,527$5,096$3,936$3,011$2,286$1,515
24 years$6,189$4,775$3,640$2,747$2,054$1,332
25 years$5,878$4,481$3,371$2,508$1,849$1,172
26 years$5,592$4,211$3,127$2,293$1,665$1,032
27 years$5,327$3,963$2,903$2,099$1,501$910
28 years$5,082$3,734$2,699$1,923$1,355$802
29 years$4,854$3,523$2,512$1,764$1,223$708
30 years$4,641$3,327$2,340$1,619$1,105$625
31 years$4,443$3,145$2,181$1,487$999$552
32 years$4,257$2,976$2,035$1,366$904$487
33 years$4,083$2,818$1,900$1,256$818$431
34 years$3,920$2,671$1,775$1,156$741$381
35 years$3,766$2,534$1,660$1,064$671$336
36 years$3,621$2,405$1,553$980$608$297
37 years$3,484$2,284$1,453$903$551$263
38 years$3,355$2,171$1,361$832$499$233
39 years$3,233$2,064$1,275$767$453$206
40 years$3,117$1,964$1,195$708$411$182
41 years$3,007$1,869$1,121$653$373$161
42 years$2,903$1,780$1,051$603$338$143
43 years$2,803$1,696$986$556$307$126
44 years$2,709$1,617$926$514$279$112
45 years$2,619$1,542$869$474$253$99
46 years$2,533$1,471$817$438$230$88
47 years$2,451$1,404$767$405$209$78
48 years$2,373$1,340$721$374$189$69
49 years$2,298$1,280$678$346$172$61
50 years$2,226$1,222$637$320$156$54

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 $4,888 every year, while hoping to spend $49,709 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: 41/35/24 Blend
29$2,280,000$2,280,000$2,280,000$2,280,000
30$2,517,602$2,396,762$2,361,422$2,602,863
31$2,721,507$2,461,313$2,387,640$2,729,077
32$2,944,545$2,527,362$2,413,070$2,860,519
33$3,188,614$2,594,928$2,437,633$3,001,809
34$3,455,806$2,664,032$2,461,246$3,153,879
35$3,748,422$2,734,694$2,483,822$3,317,755
36$4,068,999$2,806,932$2,505,269$3,494,566
37$4,420,330$2,880,765$2,525,488$3,685,557
38$4,805,490$2,956,208$2,544,378$3,892,099
39$5,227,866$3,033,278$2,561,830$4,115,701
40$5,691,189$3,111,990$2,577,732$4,358,026
41$6,199,568$3,192,356$2,591,965$4,620,906
42$6,757,531$3,274,387$2,604,402$4,906,360
43$7,370,062$3,358,096$2,614,913$5,216,611
44$8,042,654$3,443,488$2,623,358$5,554,111
45$8,781,358$3,530,572$2,629,593$5,921,558
46$9,592,837$3,619,350$2,633,465$6,321,928
47$10,484,434$3,709,826$2,634,814$6,758,500
48$11,464,237$3,801,999$2,633,472$7,234,886
49$12,541,158$3,895,865$2,629,261$7,755,069
50$13,725,013$3,991,420$2,621,999$8,323,435
51$15,026,618$4,088,653$2,611,489$8,944,819
52$16,457,889$4,187,553$2,597,530$9,624,552
53$18,031,954$4,288,103$2,579,907$10,368,506
54$19,763,277$4,390,284$2,558,398$11,183,155
55$21,667,796$4,494,072$2,532,769$12,075,631
56$23,763,068$4,599,439$2,502,774$13,053,797
57$26,068,440$4,706,351$2,468,156$14,126,319
58$28,605,229$4,814,770$2,428,647$15,302,747
59$31,396,921$4,924,653$2,383,966$16,593,608
60$34,469,396$5,035,949$2,333,818$18,010,503
61$37,851,168$5,148,604$2,277,894$19,566,220
62$41,573,656$5,262,555$2,215,872$21,274,851
63$45,671,480$5,377,731$2,147,415$23,151,929
64$50,182,788$5,494,057$2,072,171$25,214,574
65$55,149,613$5,611,446$1,989,769$27,481,656
66$60,618,272$5,729,806$1,899,824$29,973,972
67$66,639,801$5,849,031$1,801,934$32,714,443
68$73,270,437$5,969,011$1,695,676$35,728,332
69$80,572,150$6,089,621$1,580,609$39,043,484
70$88,613,224$6,210,726$1,456,274$42,690,589
71$97,468,903$6,332,182$1,322,189$46,703,470
72$107,222,100$6,453,828$1,177,852$51,119,407
73$117,964,182$6,575,493$1,022,737$55,979,487
74$129,795,827$6,696,991$856,298$61,328,996
75$142,827,978$6,818,120$677,960$67,217,844
76$157,182,887$6,938,663$487,127$73,701,039
77$172,995,270$7,058,386$283,174$80,839,208
78$190,413,577$7,177,037$65,450$88,699,171
79$209,601,395$7,294,345$0$97,354,572
80$230,738,988$7,410,018$0$106,929,314
81$254,025,000$7,523,744$0$117,490,776
82$279,678,330$7,635,188$0$129,120,958
83$307,940,197$7,743,990$0$141,928,715
84$339,076,418$7,849,766$0$156,034,004
85$373,379,911$7,952,104$0$171,569,022
86$411,173,469$8,050,563$0$188,679,447
87$452,812,797$8,144,675$0$207,525,820
88$498,689,875$8,233,937$0$228,285,061
89$549,236,656$8,317,813$0$251,152,136
90$604,929,141$8,395,732$0$276,341,900
91$666,291,875$8,467,085$0$304,091,128
92$733,902,897$8,531,223$0$334,660,749
93$808,399,195$8,587,455$0$368,338,312
94$890,482,718$8,635,046$0$405,440,699
95$980,927,005$8,673,213$0$446,317,122
96$1,080,584,484$8,701,125$0$491,352,417
97$1,190,394,517$8,717,896$0$540,970,679
98$1,311,392,272$8,722,587$0$595,639,272
99$1,444,718,490$8,714,200$0$655,873,235
100$1,591,630,255$8,691,674$0$722,240,153