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%11.1%
1 years$188,280$186,603$184,967$183,370$181,810$180,968
2 years$93,208$91,472$89,790$88,159$86,576$85,726
3 years$61,521$59,778$58,100$56,484$54,928$54,096
4 years$45,681$43,943$42,282$40,694$39,175$38,368
5 years$36,180$34,452$32,812$31,257$29,780$29,000
6 years$29,847$28,133$26,517$24,996$23,564$22,812
7 years$25,326$23,626$22,036$20,551$19,164$18,441
8 years$21,936$20,252$18,688$17,239$15,898$15,204
9 years$19,302$17,633$16,096$14,684$13,389$12,723
10 years$17,195$15,542$14,033$12,658$11,408$10,770
11 years$15,472$13,836$12,354$11,016$9,811$9,201
12 years$14,038$12,419$10,964$9,663$8,502$7,919
13 years$12,825$11,223$9,796$8,531$7,414$6,858
14 years$11,787$10,201$8,802$7,573$6,499$5,969
15 years$10,887$9,319$7,947$6,753$5,722$5,218
16 years$10,101$8,550$7,205$6,047$5,057$4,578
17 years$9,408$7,874$6,556$5,433$4,484$4,029
18 years$8,793$7,276$5,985$4,896$3,987$3,555
19 years$8,243$6,744$5,479$4,424$3,554$3,144
20 years$7,749$6,266$5,028$4,007$3,174$2,787
21 years$7,302$5,837$4,625$3,637$2,841$2,474
22 years$6,897$5,449$4,263$3,307$2,546$2,200
23 years$6,527$5,096$3,936$3,011$2,286$1,958
24 years$6,189$4,775$3,640$2,747$2,054$1,746
25 years$5,878$4,481$3,371$2,508$1,849$1,558
26 years$5,592$4,211$3,127$2,293$1,665$1,391
27 years$5,327$3,963$2,903$2,099$1,501$1,244
28 years$5,082$3,734$2,699$1,923$1,355$1,113
29 years$4,854$3,523$2,512$1,764$1,223$996
30 years$4,641$3,327$2,340$1,619$1,105$892
31 years$4,443$3,145$2,181$1,487$999$799
32 years$4,257$2,976$2,035$1,366$904$717
33 years$4,083$2,818$1,900$1,256$818$643
34 years$3,920$2,671$1,775$1,156$741$577
35 years$3,766$2,534$1,660$1,064$671$518
36 years$3,621$2,405$1,553$980$608$465
37 years$3,484$2,284$1,453$903$551$417
38 years$3,355$2,171$1,361$832$499$375
39 years$3,233$2,064$1,275$767$453$337
40 years$3,117$1,964$1,195$708$411$303
41 years$3,007$1,869$1,121$653$373$272
42 years$2,903$1,780$1,051$603$338$244
43 years$2,803$1,696$986$556$307$220
44 years$2,709$1,617$926$514$279$198
45 years$2,619$1,542$869$474$253$178
46 years$2,533$1,471$817$438$230$160
47 years$2,451$1,404$767$405$209$144
48 years$2,373$1,340$721$374$189$129
49 years$2,298$1,280$678$346$172$116
50 years$2,226$1,222$637$320$156$105

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 $2,801 every year, while hoping to spend $44,843 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: 69/10/21 Blend
29$2,280,000$2,280,000$2,280,000$2,280,000
30$2,515,449$2,394,609$2,359,269$2,675,698
31$2,724,312$2,464,232$2,390,592$2,852,780
32$2,952,977$2,535,764$2,421,461$3,040,979
33$3,203,415$2,609,251$2,451,815$3,245,831
34$3,477,798$2,684,739$2,481,585$3,468,978
35$3,778,519$2,762,277$2,510,704$3,712,230
36$4,108,212$2,841,913$2,539,097$3,977,578
37$4,469,778$2,923,695$2,566,685$4,267,217
38$4,866,415$3,007,675$2,593,388$4,583,565
39$5,301,640$3,093,903$2,619,118$4,929,285
40$5,779,333$3,182,429$2,643,784$5,307,311
41$6,303,763$3,273,306$2,667,289$5,720,876
42$6,879,635$3,366,587$2,689,532$6,173,539
43$7,512,133$3,462,325$2,710,406$6,669,225
44$8,206,965$3,560,573$2,729,799$7,212,256
45$8,970,420$3,661,386$2,747,592$7,807,394
46$9,809,428$3,764,819$2,763,661$8,459,887
47$10,731,621$3,870,927$2,777,875$9,175,518
48$11,745,410$3,979,765$2,790,097$9,960,655
49$12,860,058$4,091,390$2,800,182$10,822,319
50$14,085,774$4,205,858$2,807,978$11,768,245
51$15,433,804$4,323,226$2,813,326$12,806,955
52$16,916,538$4,443,550$2,816,059$13,947,842
53$18,547,628$4,566,888$2,816,000$15,201,253
54$20,342,116$4,693,295$2,812,966$16,578,592
55$22,316,575$4,822,829$2,806,763$18,092,426
56$24,489,265$4,955,547$2,797,189$19,756,600
57$26,880,305$5,091,504$2,784,030$21,586,374
58$29,511,866$5,230,757$2,767,065$23,598,563
59$32,408,373$5,373,362$2,746,058$25,811,695
60$35,596,743$5,519,372$2,720,767$28,246,189
61$39,106,631$5,668,842$2,690,933$30,924,547
62$42,970,718$5,821,825$2,656,290$33,871,564
63$47,225,011$5,978,374$2,616,555$37,114,565
64$51,909,186$6,138,539$2,571,434$40,683,660
65$57,066,965$6,302,369$2,520,619$44,612,034
66$62,746,524$6,469,913$2,463,788$48,936,253
67$69,000,947$6,641,217$2,400,603$53,696,614
68$75,888,731$6,816,324$2,330,710$58,937,525
69$83,474,335$6,995,277$2,253,742$64,707,923
70$91,828,785$7,178,114$2,169,311$71,061,737
71$101,030,353$7,364,873$2,077,014$78,058,399
72$111,165,283$7,555,586$1,976,428$85,763,400
73$122,328,616$7,750,284$1,867,113$94,248,915
74$134,625,080$7,948,993$1,748,606$103,594,480
75$148,170,080$8,151,736$1,620,427$113,887,745
76$163,090,787$8,358,530$1,482,070$125,225,301
77$179,527,339$8,569,389$1,333,010$137,713,593
78$197,634,159$8,784,321$1,172,698$151,469,925
79$217,581,418$9,003,327$1,000,558$166,623,567
80$239,556,638$9,226,405$815,992$183,316,977
81$263,766,460$9,453,545$618,373$201,707,144
82$290,438,599$9,684,728$407,048$221,967,074
83$319,823,986$9,919,930$181,334$244,287,421
84$352,199,143$10,159,117$0$268,878,289
85$387,868,789$10,402,247$0$295,984,557
86$427,168,717$10,649,269$0$325,892,268
87$470,468,963$10,900,120$0$358,842,109
88$518,177,299$11,154,727$0$395,144,132
89$570,743,081$11,413,006$0$435,140,008
90$628,661,491$11,674,860$0$479,206,254
91$692,478,211$11,940,176$0$527,757,781
92$762,794,575$12,208,830$0$581,251,817
93$840,273,240$12,480,681$0$640,192,219
94$925,644,448$12,755,572$0$705,134,229
95$1,019,712,914$13,033,328$0$776,689,718
96$1,123,365,425$13,313,755$0$855,532,957
97$1,237,579,208$13,596,639$0$942,406,988
98$1,363,431,159$13,881,745$0$1,038,130,634
99$1,502,108,003$14,168,817$0$1,143,606,229
100$1,654,917,501$14,457,571$0$1,259,828,137