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

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$189,932$188,240$186,589$184,978$183,405$178,393
2 years$94,026$92,275$90,577$88,932$87,336$82,322
3 years$62,061$60,302$58,610$56,980$55,409$50,552
4 years$46,082$44,329$42,653$41,051$39,518$34,855
5 years$36,497$34,754$33,100$31,531$30,041$25,584
6 years$30,109$28,379$26,750$25,215$23,771$19,523
7 years$25,548$23,833$22,229$20,731$19,332$15,295
8 years$22,129$20,429$18,852$17,391$16,038$12,209
9 years$19,471$17,787$16,237$14,813$13,506$9,883
10 years$17,346$15,679$14,156$12,769$11,508$8,085
11 years$15,608$13,958$12,463$11,113$9,897$6,669
12 years$14,161$12,528$11,060$9,747$8,577$5,537
13 years$12,938$11,321$9,882$8,606$7,479$4,622
14 years$11,890$10,291$8,879$7,639$6,556$3,874
15 years$10,983$9,401$8,016$6,813$5,772$3,259
16 years$10,190$8,625$7,268$6,100$5,102$2,750
17 years$9,491$7,943$6,614$5,481$4,524$2,326
18 years$8,870$7,340$6,037$4,939$4,022$1,971
19 years$8,316$6,803$5,527$4,463$3,585$1,673
20 years$7,817$6,321$5,072$4,042$3,202$1,422
21 years$7,366$5,888$4,666$3,669$2,866$1,210
22 years$6,957$5,496$4,300$3,336$2,569$1,031
23 years$6,585$5,141$3,970$3,038$2,306$879
24 years$6,243$4,816$3,672$2,771$2,072$750
25 years$5,930$4,520$3,401$2,530$1,865$641
26 years$5,641$4,248$3,154$2,314$1,680$547
27 years$5,374$3,998$2,929$2,118$1,514$468
28 years$5,126$3,767$2,723$1,940$1,367$400
29 years$4,896$3,554$2,534$1,779$1,234$342
30 years$4,682$3,356$2,360$1,633$1,115$293
31 years$4,482$3,173$2,200$1,500$1,008$250
32 years$4,294$3,002$2,053$1,378$912$214
33 years$4,119$2,843$1,917$1,267$825$183
34 years$3,954$2,695$1,791$1,166$747$157
35 years$3,799$2,556$1,674$1,073$677$134
36 years$3,653$2,426$1,566$989$613$115
37 years$3,515$2,304$1,466$911$556$99
38 years$3,385$2,190$1,373$840$504$84
39 years$3,261$2,082$1,286$774$457$72
40 years$3,144$1,981$1,206$714$414$62
41 years$3,034$1,886$1,131$659$376$53
42 years$2,928$1,796$1,060$608$341$45
43 years$2,828$1,711$995$561$310$39
44 years$2,733$1,631$934$518$281$33
45 years$2,642$1,555$877$479$255$29
46 years$2,555$1,484$824$442$232$25
47 years$2,473$1,416$774$408$210$21
48 years$2,393$1,352$727$377$191$18
49 years$2,318$1,291$684$349$173$15
50 years$2,246$1,233$643$322$158$13

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 $3,944 every year, while hoping to spend $44,650 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: 75/19/6 Blend
29$2,300,000$2,300,000$2,300,000$2,300,000
30$2,538,668$2,416,768$2,381,118$2,727,191
31$2,750,105$2,487,683$2,413,378$2,922,608
32$2,981,612$2,560,575$2,445,223$3,130,582
33$3,235,189$2,635,496$2,476,591$3,357,177
34$3,513,039$2,712,496$2,507,417$3,604,218
35$3,817,587$2,791,626$2,537,633$3,873,716
36$4,151,505$2,872,940$2,567,168$4,167,886
37$4,517,735$2,956,490$2,595,944$4,489,166
38$4,919,517$3,042,332$2,623,882$4,840,239
39$5,360,423$3,130,521$2,650,897$5,224,062
40$5,844,382$3,221,113$2,676,898$5,643,892
41$6,375,728$3,314,166$2,701,793$6,103,313
42$6,959,229$3,409,738$2,725,481$6,606,273
43$7,600,144$3,507,888$2,747,857$7,157,124
44$8,304,260$3,608,676$2,768,812$7,760,654
45$9,077,956$3,712,163$2,788,229$8,422,141
46$9,928,260$3,818,411$2,805,986$9,147,397
47$10,862,911$3,927,482$2,821,956$9,942,825
48$11,890,439$4,039,439$2,836,002$10,815,478
49$13,020,239$4,154,347$2,847,984$11,773,125
50$14,262,664$4,272,270$2,857,752$12,824,328
51$15,629,118$4,393,274$2,865,149$13,978,516
52$17,132,168$4,517,425$2,870,011$15,246,077
53$18,785,659$4,644,788$2,872,167$16,638,457
54$20,604,846$4,775,432$2,871,433$18,168,268
55$22,606,535$4,909,423$2,867,621$19,849,402
56$24,809,246$5,046,830$2,860,531$21,697,166
57$27,233,385$5,187,720$2,849,955$23,728,427
58$29,901,434$5,332,162$2,835,672$25,961,767
59$32,838,167$5,480,224$2,817,453$28,417,661
60$36,070,880$5,631,975$2,795,058$31,118,668
61$39,629,651$5,787,484$2,768,234$34,089,647
62$43,547,623$5,946,818$2,736,718$37,357,986
63$47,861,314$6,110,045$2,700,231$40,953,866
64$52,610,964$6,277,233$2,658,485$44,910,540
65$57,840,914$6,448,449$2,611,175$49,264,650
66$63,600,023$6,623,759$2,557,986$54,056,574
67$69,942,130$6,803,229$2,498,583$59,330,802
68$76,926,562$6,986,921$2,432,620$65,136,357
69$84,618,691$7,174,901$2,359,733$71,527,263
70$93,090,555$7,367,228$2,279,541$78,563,045
71$102,421,533$7,563,963$2,191,647$86,309,300
72$112,699,096$7,765,164$2,095,634$94,838,308
73$124,019,633$7,970,887$1,991,067$104,229,719
74$136,489,360$8,181,185$1,877,493$114,571,303
75$150,225,321$8,396,108$1,754,434$125,959,779
76$165,356,492$8,615,706$1,621,396$138,501,725
77$182,025,000$8,840,022$1,477,859$152,314,585
78$200,387,464$9,069,096$1,323,281$167,527,780
79$220,616,470$9,302,967$1,157,096$184,283,926
80$242,902,204$9,541,666$978,712$202,740,181
81$267,454,242$9,785,222$787,513$223,069,728
82$294,503,533$10,033,656$582,853$245,463,411
83$324,304,574$10,286,985$364,058$270,131,534
84$357,137,813$10,545,220$130,428$297,305,847
85$393,312,300$10,808,366$0$327,241,735
86$433,168,597$11,076,418$0$360,228,237
87$477,081,997$11,349,366$0$396,577,276
88$525,466,065$11,627,189$0$436,622,300
89$578,776,542$11,909,859$0$480,739,975
90$637,515,645$12,197,338$0$529,345,374
91$702,236,809$12,489,576$0$582,895,903
92$773,549,911$12,786,513$0$641,895,613
93$852,127,025$13,088,075$0$706,899,958
94$938,708,768$13,394,177$0$778,521,042
95$1,034,111,290$13,704,719$0$857,433,393
96$1,139,233,976$14,019,586$0$944,380,331
97$1,255,067,943$14,338,646$0$1,040,180,986
98$1,382,705,384$14,661,751$0$1,145,738,028
99$1,523,349,891$14,988,735$0$1,262,046,193
100$1,678,327,807$15,319,410$0$1,390,201,666