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%14.4%
1 years$188,280$186,603$184,967$183,370$181,810$178,505
2 years$93,208$91,472$89,790$88,159$86,576$83,258
3 years$61,521$59,778$58,100$56,484$54,928$51,700
4 years$45,681$43,943$42,282$40,694$39,175$36,062
5 years$36,180$34,452$32,812$31,257$29,780$26,792
6 years$29,847$28,133$26,517$24,996$23,564$20,703
7 years$25,326$23,626$22,036$20,551$19,164$16,431
8 years$21,936$20,252$18,688$17,239$15,898$13,293
9 years$19,302$17,633$16,096$14,684$13,389$10,910
10 years$17,195$15,542$14,033$12,658$11,408$9,053
11 years$15,472$13,836$12,354$11,016$9,811$7,577
12 years$14,038$12,419$10,964$9,663$8,502$6,387
13 years$12,825$11,223$9,796$8,531$7,414$5,413
14 years$11,787$10,201$8,802$7,573$6,499$4,610
15 years$10,887$9,319$7,947$6,753$5,722$3,941
16 years$10,101$8,550$7,205$6,047$5,057$3,379
17 years$9,408$7,874$6,556$5,433$4,484$2,906
18 years$8,793$7,276$5,985$4,896$3,987$2,505
19 years$8,243$6,744$5,479$4,424$3,554$2,163
20 years$7,749$6,266$5,028$4,007$3,174$1,871
21 years$7,302$5,837$4,625$3,637$2,841$1,620
22 years$6,897$5,449$4,263$3,307$2,546$1,405
23 years$6,527$5,096$3,936$3,011$2,286$1,220
24 years$6,189$4,775$3,640$2,747$2,054$1,060
25 years$5,878$4,481$3,371$2,508$1,849$922
26 years$5,592$4,211$3,127$2,293$1,665$802
27 years$5,327$3,963$2,903$2,099$1,501$698
28 years$5,082$3,734$2,699$1,923$1,355$608
29 years$4,854$3,523$2,512$1,764$1,223$530
30 years$4,641$3,327$2,340$1,619$1,105$462
31 years$4,443$3,145$2,181$1,487$999$403
32 years$4,257$2,976$2,035$1,366$904$352
33 years$4,083$2,818$1,900$1,256$818$307
34 years$3,920$2,671$1,775$1,156$741$268
35 years$3,766$2,534$1,660$1,064$671$234
36 years$3,621$2,405$1,553$980$608$204
37 years$3,484$2,284$1,453$903$551$178
38 years$3,355$2,171$1,361$832$499$156
39 years$3,233$2,064$1,275$767$453$136
40 years$3,117$1,964$1,195$708$411$119
41 years$3,007$1,869$1,121$653$373$104
42 years$2,903$1,780$1,051$603$338$91
43 years$2,803$1,696$986$556$307$79
44 years$2,709$1,617$926$514$279$69
45 years$2,619$1,542$869$474$253$61
46 years$2,533$1,471$817$438$230$53
47 years$2,451$1,404$767$405$209$46
48 years$2,373$1,340$721$374$189$40
49 years$2,298$1,280$678$346$172$35
50 years$2,226$1,222$637$320$156$31

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 $5,611 every year, while hoping to spend $44,213 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: 38/36/26 Blend
29$2,280,000$2,280,000$2,280,000$2,280,000
30$2,518,348$2,397,508$2,362,168$2,594,339
31$2,728,177$2,467,943$2,394,258$2,720,870
32$2,957,927$2,540,348$2,425,942$2,853,033
33$3,209,583$2,614,773$2,457,158$2,995,010
34$3,485,331$2,691,267$2,487,844$3,147,717
35$3,787,579$2,769,884$2,517,931$3,312,166
36$4,118,979$2,850,675$2,547,348$3,489,467
37$4,482,451$2,933,695$2,576,021$3,680,844
38$4,881,213$3,018,997$2,603,869$3,887,642
39$5,318,807$3,106,638$2,630,809$4,111,345
40$5,799,137$3,196,675$2,656,752$4,353,584
41$6,326,501$3,289,164$2,681,606$4,616,157
42$6,905,636$3,384,165$2,705,271$4,901,042
43$7,541,758$3,481,737$2,727,645$5,210,419
44$8,240,615$3,581,939$2,748,619$5,546,689
45$9,008,537$3,684,834$2,768,078$5,912,494
46$9,852,500$3,790,483$2,785,900$6,310,747
47$10,780,188$3,898,949$2,801,961$6,744,656
48$11,800,065$4,010,297$2,816,125$7,217,754
49$12,921,460$4,124,589$2,828,253$7,733,933
50$14,154,648$4,241,893$2,838,198$8,297,482
51$15,510,949$4,362,273$2,845,805$8,913,125
52$17,002,837$4,485,796$2,850,911$9,586,067
53$18,644,056$4,612,529$2,853,346$10,322,043
54$20,449,748$4,742,541$2,852,931$11,127,372
55$22,436,596$4,875,899$2,849,478$12,009,015
56$24,622,984$5,012,673$2,842,791$12,974,643
57$27,029,165$5,152,931$2,832,661$14,032,710
58$29,677,458$5,296,742$2,818,873$15,192,530
59$32,592,453$5,444,177$2,801,200$16,464,364
60$35,801,246$5,595,305$2,779,403$17,859,523
61$39,333,694$5,750,196$2,753,234$19,390,469
62$43,222,694$5,908,919$2,722,430$21,070,934
63$47,504,496$6,071,543$2,686,719$22,916,052
64$52,219,045$6,238,139$2,645,814$24,942,498
65$57,410,354$6,408,774$2,599,415$27,168,650
66$63,126,922$6,583,517$2,547,209$29,614,759
67$69,422,193$6,762,434$2,488,865$32,303,141
68$76,355,057$6,945,593$2,424,042$35,258,391
69$83,990,403$7,133,058$2,352,378$38,507,610
70$92,399,740$7,324,893$2,273,498$42,080,666
71$101,661,862$7,521,162$2,187,009$46,010,474
72$111,863,597$7,721,924$2,092,499$50,333,307
73$123,100,625$7,927,238$1,989,538$55,089,136
74$135,478,377$8,137,162$1,877,676$60,322,016
75$149,113,037$8,351,748$1,756,444$66,080,493
76$164,132,633$8,571,049$1,625,351$72,418,067
77$180,678,244$8,795,113$1,483,882$79,393,698
78$198,905,336$9,023,985$1,331,504$87,072,362
79$218,985,225$9,257,706$1,167,654$95,525,666
80$241,106,697$9,496,312$991,750$104,832,521
81$265,477,786$9,739,837$803,179$115,079,893
82$292,327,740$9,988,309$601,305$126,363,622
83$321,909,182$10,241,749$385,461$138,789,325
84$354,500,498$10,500,173$154,954$152,473,401
85$390,408,460$10,763,593$0$167,544,121
86$429,971,125$11,032,012$0$184,168,105
87$473,561,023$11,305,424$0$202,523,401
88$521,588,676$11,583,818$0$222,738,880
89$574,506,468$11,867,173$0$245,003,974
90$632,812,922$12,155,458$0$269,527,429
91$697,057,398$12,448,633$0$296,539,280
92$767,845,283$12,746,647$0$326,293,018
93$845,843,706$13,049,437$0$359,067,982
94$931,787,831$13,356,926$0$395,172,000
95$1,026,487,801$13,669,027$0$434,944,293
96$1,130,836,383$13,985,635$0$478,758,673
97$1,245,817,395$14,306,633$0$527,027,078
98$1,372,514,996$14,631,883$0$580,203,456
99$1,512,123,914$14,961,235$0$638,788,053
100$1,665,960,732$15,294,514$0$703,332,133