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

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$188,280$186,603$184,967$183,370$181,810$177,415
2 years$93,208$91,472$89,790$88,159$86,576$82,175
3 years$61,521$59,778$58,100$56,484$54,928$50,657
4 years$45,681$43,943$42,282$40,694$39,175$35,068
5 years$36,180$34,452$32,812$31,257$29,780$25,849
6 years$29,847$28,133$26,517$24,996$23,564$19,812
7 years$25,326$23,626$22,036$20,551$19,164$15,592
8 years$21,936$20,252$18,688$17,239$15,898$12,505
9 years$19,302$17,633$16,096$14,684$13,389$10,171
10 years$17,195$15,542$14,033$12,658$11,408$8,362
11 years$15,472$13,836$12,354$11,016$9,811$6,933
12 years$14,038$12,419$10,964$9,663$8,502$5,787
13 years$12,825$11,223$9,796$8,531$7,414$4,856
14 years$11,787$10,201$8,802$7,573$6,499$4,093
15 years$10,887$9,319$7,947$6,753$5,722$3,463
16 years$10,101$8,550$7,205$6,047$5,057$2,938
17 years$9,408$7,874$6,556$5,433$4,484$2,499
18 years$8,793$7,276$5,985$4,896$3,987$2,131
19 years$8,243$6,744$5,479$4,424$3,554$1,819
20 years$7,749$6,266$5,028$4,007$3,174$1,556
21 years$7,302$5,837$4,625$3,637$2,841$1,333
22 years$6,897$5,449$4,263$3,307$2,546$1,142
23 years$6,527$5,096$3,936$3,011$2,286$980
24 years$6,189$4,775$3,640$2,747$2,054$842
25 years$5,878$4,481$3,371$2,508$1,849$723
26 years$5,592$4,211$3,127$2,293$1,665$622
27 years$5,327$3,963$2,903$2,099$1,501$535
28 years$5,082$3,734$2,699$1,923$1,355$460
29 years$4,854$3,523$2,512$1,764$1,223$396
30 years$4,641$3,327$2,340$1,619$1,105$341
31 years$4,443$3,145$2,181$1,487$999$294
32 years$4,257$2,976$2,035$1,366$904$253
33 years$4,083$2,818$1,900$1,256$818$218
34 years$3,920$2,671$1,775$1,156$741$188
35 years$3,766$2,534$1,660$1,064$671$162
36 years$3,621$2,405$1,553$980$608$140
37 years$3,484$2,284$1,453$903$551$121
38 years$3,355$2,171$1,361$832$499$104
39 years$3,233$2,064$1,275$767$453$90
40 years$3,117$1,964$1,195$708$411$77
41 years$3,007$1,869$1,121$653$373$67
42 years$2,903$1,780$1,051$603$338$58
43 years$2,803$1,696$986$556$307$50
44 years$2,709$1,617$926$514$279$43
45 years$2,619$1,542$869$474$253$37
46 years$2,533$1,471$817$438$230$32
47 years$2,451$1,404$767$405$209$27
48 years$2,373$1,340$721$374$189$24
49 years$2,298$1,280$678$346$172$20
50 years$2,226$1,222$637$320$156$18

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 $5,754 every year, while hoping to spend $48,579 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: 62/13/25 Blend
29$2,280,000$2,280,000$2,280,000$2,280,000
30$2,518,495$2,397,655$2,362,315$2,657,605
31$2,723,694$2,463,453$2,389,765$2,818,364
32$2,948,195$2,530,846$2,416,506$2,987,979
33$3,193,916$2,599,862$2,442,464$3,172,115
34$3,462,967$2,670,528$2,467,559$3,372,197
35$3,757,676$2,742,869$2,491,708$3,589,798
36$4,080,601$2,816,912$2,514,822$3,826,646
37$4,434,563$2,892,682$2,536,810$4,084,649
38$4,822,668$2,970,203$2,557,573$4,365,907
39$5,248,337$3,049,500$2,577,008$4,672,735
40$5,715,338$3,130,595$2,595,008$5,007,680
41$6,227,820$3,213,512$2,611,459$5,373,555
42$6,790,355$3,298,272$2,626,240$5,773,452
43$7,407,979$3,384,895$2,639,227$6,210,784
44$8,086,238$3,473,400$2,650,286$6,689,309
45$8,831,243$3,563,805$2,659,279$7,213,168
46$9,649,725$3,656,127$2,666,060$7,786,926
47$10,549,099$3,750,379$2,670,476$8,415,611
48$11,537,536$3,846,576$2,672,365$9,104,765
49$12,624,034$3,944,728$2,671,559$9,860,496
50$13,818,510$4,044,844$2,667,880$10,689,534
51$15,131,887$4,146,931$2,661,144$11,599,296
52$16,576,201$4,250,992$2,651,154$12,597,955
53$18,164,713$4,357,030$2,637,706$13,694,519
54$19,912,031$4,465,042$2,620,587$14,898,914
55$21,834,254$4,575,024$2,599,572$16,222,081
56$23,949,115$4,686,968$2,574,425$17,676,075
57$26,276,157$4,800,862$2,544,901$19,274,182
58$28,836,911$4,916,690$2,510,741$21,031,045
59$31,655,100$5,034,432$2,471,675$22,962,801
60$34,756,865$5,154,063$2,427,420$25,087,233
61$38,171,007$5,275,554$2,377,681$27,423,940
62$41,929,263$5,398,870$2,322,147$29,994,520
63$46,066,603$5,523,969$2,260,494$32,822,779
64$50,621,559$5,650,807$2,192,383$35,934,948
65$55,636,590$5,779,328$2,117,459$39,359,939
66$61,158,480$5,909,473$2,035,352$43,129,614
67$67,238,782$6,041,175$1,945,674$47,279,085
68$73,934,303$6,174,357$1,848,019$51,847,051
69$81,307,637$6,308,936$1,741,963$56,876,158
70$89,427,760$6,444,818$1,627,063$62,413,407
71$98,370,679$6,581,901$1,502,857$68,510,594
72$108,220,146$6,720,072$1,368,860$75,224,803
73$119,068,451$6,859,206$1,224,567$82,618,945
74$131,017,294$6,999,168$1,069,451$90,762,348
75$144,178,741$7,139,810$902,960$99,731,419
76$158,676,282$7,280,970$724,519$109,610,361
77$174,645,998$7,422,473$533,526$120,491,972
78$192,237,845$7,564,130$329,354$132,478,519
79$211,617,066$7,705,733$111,348$145,682,706
80$232,965,753$7,847,059$0$160,228,740
81$256,484,563$7,987,869$0$176,285,858
82$282,394,616$8,127,902$0$194,006,354
83$310,939,576$8,266,878$0$213,526,937
84$342,387,954$8,404,497$0$235,031,020
85$377,035,642$8,540,434$0$258,720,725
86$415,208,704$8,674,342$0$284,818,781
87$457,266,454$8,805,846$0$313,570,634
88$503,604,848$8,934,549$0$345,246,762
89$554,660,221$9,060,020$0$380,145,224
90$610,913,403$9,181,801$0$418,594,481
91$672,894,262$9,299,401$0$460,956,490
92$741,186,701$9,412,295$0$507,630,123
93$816,434,171$9,519,925$0$559,054,934
94$899,345,746$9,621,690$0$615,715,307
95$990,702,813$9,716,954$0$678,145,028
96$1,091,366,450$9,805,035$0$746,932,326
97$1,202,285,555$9,885,208$0$822,725,423
98$1,324,505,800$9,956,702$0$906,238,659
99$1,459,179,504$10,018,693$0$998,259,228
100$1,607,576,511$10,070,306$0$1,099,654,617