Can I retire at age 30 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$189,932$188,240$186,589$184,978$183,405$179,482
2 years$94,026$92,275$90,577$88,932$87,336$83,402
3 years$62,061$60,302$58,610$56,980$55,409$51,589
4 years$46,082$44,329$42,653$41,051$39,518$35,840
5 years$36,497$34,754$33,100$31,531$30,041$26,515
6 years$30,109$28,379$26,750$25,215$23,771$20,400
7 years$25,548$23,833$22,229$20,731$19,332$16,118
8 years$22,129$20,429$18,852$17,391$16,038$12,980
9 years$19,471$17,787$16,237$14,813$13,506$10,602
10 years$17,346$15,679$14,156$12,769$11,508$8,754
11 years$15,608$13,958$12,463$11,113$9,897$7,290
12 years$14,161$12,528$11,060$9,747$8,577$6,113
13 years$12,938$11,321$9,882$8,606$7,479$5,154
14 years$11,890$10,291$8,879$7,639$6,556$4,365
15 years$10,983$9,401$8,016$6,813$5,772$3,711
16 years$10,190$8,625$7,268$6,100$5,102$3,164
17 years$9,491$7,943$6,614$5,481$4,524$2,705
18 years$8,870$7,340$6,037$4,939$4,022$2,318
19 years$8,316$6,803$5,527$4,463$3,585$1,990
20 years$7,817$6,321$5,072$4,042$3,202$1,711
21 years$7,366$5,888$4,666$3,669$2,866$1,473
22 years$6,957$5,496$4,300$3,336$2,569$1,270
23 years$6,585$5,141$3,970$3,038$2,306$1,095
24 years$6,243$4,816$3,672$2,771$2,072$946
25 years$5,930$4,520$3,401$2,530$1,865$817
26 years$5,641$4,248$3,154$2,314$1,680$707
27 years$5,374$3,998$2,929$2,118$1,514$611
28 years$5,126$3,767$2,723$1,940$1,367$529
29 years$4,896$3,554$2,534$1,779$1,234$458
30 years$4,682$3,356$2,360$1,633$1,115$397
31 years$4,482$3,173$2,200$1,500$1,008$344
32 years$4,294$3,002$2,053$1,378$912$298
33 years$4,119$2,843$1,917$1,267$825$258
34 years$3,954$2,695$1,791$1,166$747$224
35 years$3,799$2,556$1,674$1,073$677$194
36 years$3,653$2,426$1,566$989$613$168
37 years$3,515$2,304$1,466$911$556$146
38 years$3,385$2,190$1,373$840$504$127
39 years$3,261$2,082$1,286$774$457$110
40 years$3,144$1,981$1,206$714$414$95
41 years$3,034$1,886$1,131$659$376$83
42 years$2,928$1,796$1,060$608$341$72
43 years$2,828$1,711$995$561$310$62
44 years$2,733$1,631$934$518$281$54
45 years$2,642$1,555$877$479$255$47
46 years$2,555$1,484$824$442$232$41
47 years$2,473$1,416$774$408$210$35
48 years$2,393$1,352$727$377$191$31
49 years$2,318$1,291$684$349$173$27
50 years$2,246$1,233$643$322$158$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,300,000, adding $3,036 every year, while hoping to spend $46,323 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: 56/30/14 Blend
29$2,300,000$2,300,000$2,300,000$2,300,000
30$2,537,732$2,415,832$2,380,182$2,670,496
31$2,747,293$2,484,920$2,410,630$2,829,979
32$2,976,677$2,555,841$2,440,547$2,998,303
33$3,227,857$2,628,636$2,469,864$3,180,584
34$3,503,005$2,703,346$2,498,511$3,378,166
35$3,804,514$2,780,013$2,526,414$3,592,528
36$4,135,020$2,858,679$2,553,494$3,825,298
37$4,497,424$2,939,386$2,579,668$4,078,270
38$4,894,924$3,022,178$2,604,849$4,353,416
39$5,331,039$3,107,098$2,628,945$4,652,910
40$5,809,648$3,194,190$2,651,858$4,979,144
41$6,335,024$3,283,496$2,673,486$5,334,755
42$6,911,870$3,375,061$2,693,722$5,722,644
43$7,545,371$3,468,929$2,712,452$6,146,007
44$8,241,236$3,565,144$2,729,556$6,608,366
45$9,005,756$3,663,750$2,744,911$7,113,597
46$9,845,861$3,764,792$2,758,383$7,665,973
47$10,769,184$3,868,312$2,769,834$8,270,197
48$11,784,135$3,974,354$2,779,118$8,931,454
49$12,899,982$4,082,962$2,786,083$9,655,454
50$14,126,932$4,194,178$2,790,568$10,448,485
51$15,476,231$4,308,046$2,792,405$11,317,479
52$16,960,273$4,424,606$2,791,416$12,270,070
53$18,592,708$4,543,900$2,787,417$13,314,669
54$20,388,581$4,665,967$2,780,212$14,460,545
55$22,364,464$4,790,847$2,769,597$15,717,909
56$24,538,619$4,918,579$2,755,358$17,098,010
57$26,931,167$5,049,198$2,737,271$18,613,246
58$29,564,277$5,182,739$2,715,101$20,277,275
59$32,462,378$5,319,238$2,688,601$22,105,147
60$35,652,385$5,458,725$2,657,514$24,113,446
61$39,163,957$5,601,231$2,621,569$26,320,445
62$43,029,772$5,746,783$2,580,483$28,746,278
63$47,285,839$5,895,406$2,533,960$31,413,134
64$51,971,838$6,047,124$2,481,690$34,345,460
65$57,131,487$6,201,955$2,423,349$37,570,197
66$62,812,964$6,359,916$2,358,596$41,117,033
67$69,069,355$6,521,020$2,287,078$45,018,680
68$75,959,156$6,685,277$2,208,421$49,311,187
69$83,546,825$6,852,691$2,122,239$54,034,280
70$91,903,392$7,023,263$2,028,125$59,231,732
71$101,107,124$7,196,990$1,925,653$64,951,782
72$111,244,269$7,373,860$1,814,381$71,247,589
73$122,409,866$7,553,861$1,693,844$78,177,731
74$134,708,641$7,736,969$1,563,557$85,806,762
75$148,256,001$7,923,159$1,423,014$94,205,818
76$163,179,114$8,112,395$1,271,687$103,453,291
77$179,618,117$8,304,635$1,109,021$113,635,570
78$197,727,431$8,499,829$934,440$124,847,852
79$217,677,226$8,697,918$747,341$137,195,047
80$239,655,021$8,898,833$547,094$150,792,765
81$263,867,454$9,102,497$333,043$165,768,406
82$290,542,236$9,308,821$104,501$182,262,370
83$319,930,294$9,517,703$0$200,429,374
84$352,308,147$9,729,033$0$220,460,742
85$387,980,506$9,942,684$0$242,541,556
86$427,283,159$10,158,518$0$266,863,368
87$470,586,136$10,376,379$0$293,654,479
88$518,297,199$10,596,099$0$323,166,474
89$570,865,695$10,817,490$0$355,676,597
90$628,786,797$11,040,348$0$391,490,361
91$692,606,174$11,264,449$0$430,944,440
92$762,925,147$11,489,550$0$474,409,843
93$840,406,358$11,715,384$0$522,295,416
94$925,780,033$11,941,664$0$575,051,705
95$1,019,850,868$12,168,077$0$633,175,203
96$1,123,505,628$12,394,284$0$697,213,046
97$1,237,721,518$12,619,920$0$767,768,168
98$1,363,575,405$12,844,588$0$845,505,003
99$1,502,253,987$13,067,864$0$931,155,749
100$1,655,064,992$13,289,287$0$1,025,527,286