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%18%
1 years$189,932$188,240$186,589$184,978$183,405$177,463
2 years$94,026$92,275$90,577$88,932$87,336$81,405
3 years$62,061$60,302$58,610$56,980$55,409$49,676
4 years$46,082$44,329$42,653$41,051$39,518$34,027
5 years$36,497$34,754$33,100$31,531$30,041$24,805
6 years$30,109$28,379$26,750$25,215$23,771$18,795
7 years$25,548$23,833$22,229$20,731$19,332$14,616
8 years$22,129$20,429$18,852$17,391$16,038$11,578
9 years$19,471$17,787$16,237$14,813$13,506$9,298
10 years$17,346$15,679$14,156$12,769$11,508$7,545
11 years$15,608$13,958$12,463$11,113$9,897$6,172
12 years$14,161$12,528$11,060$9,747$8,577$5,080
13 years$12,938$11,321$9,882$8,606$7,479$4,203
14 years$11,890$10,291$8,879$7,639$6,556$3,492
15 years$10,983$9,401$8,016$6,813$5,772$2,911
16 years$10,190$8,625$7,268$6,100$5,102$2,433
17 years$9,491$7,943$6,614$5,481$4,524$2,038
18 years$8,870$7,340$6,037$4,939$4,022$1,711
19 years$8,316$6,803$5,527$4,463$3,585$1,438
20 years$7,817$6,321$5,072$4,042$3,202$1,210
21 years$7,366$5,888$4,666$3,669$2,866$1,020
22 years$6,957$5,496$4,300$3,336$2,569$860
23 years$6,585$5,141$3,970$3,038$2,306$726
24 years$6,243$4,816$3,672$2,771$2,072$613
25 years$5,930$4,520$3,401$2,530$1,865$518
26 years$5,641$4,248$3,154$2,314$1,680$438
27 years$5,374$3,998$2,929$2,118$1,514$370
28 years$5,126$3,767$2,723$1,940$1,367$313
29 years$4,896$3,554$2,534$1,779$1,234$265
30 years$4,682$3,356$2,360$1,633$1,115$224
31 years$4,482$3,173$2,200$1,500$1,008$190
32 years$4,294$3,002$2,053$1,378$912$161
33 years$4,119$2,843$1,917$1,267$825$136
34 years$3,954$2,695$1,791$1,166$747$115
35 years$3,799$2,556$1,674$1,073$677$98
36 years$3,653$2,426$1,566$989$613$83
37 years$3,515$2,304$1,466$911$556$70
38 years$3,385$2,190$1,373$840$504$59
39 years$3,261$2,082$1,286$774$457$50
40 years$3,144$1,981$1,206$714$414$43
41 years$3,034$1,886$1,131$659$376$36
42 years$2,928$1,796$1,060$608$341$31
43 years$2,828$1,711$995$561$310$26
44 years$2,733$1,631$934$518$281$22
45 years$2,642$1,555$877$479$255$19
46 years$2,555$1,484$824$442$232$16
47 years$2,473$1,416$774$408$210$13
48 years$2,393$1,352$727$377$191$11
49 years$2,318$1,291$684$349$173$10
50 years$2,246$1,233$643$322$158$8

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 $2,049 every year, while hoping to spend $40,072 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: 48/38/14 Blend
29$2,300,000$2,300,000$2,300,000$2,300,000
30$2,536,714$2,414,814$2,379,164$2,648,501
31$2,752,822$2,490,503$2,416,229$2,801,583
32$2,989,631$2,568,558$2,453,194$2,963,405
33$3,249,208$2,649,053$2,490,011$3,138,225
34$3,533,834$2,732,063$2,526,633$3,327,272
35$3,846,017$2,817,666$2,563,007$3,531,897
36$4,188,523$2,905,944$2,599,080$3,753,587
37$4,564,396$2,996,979$2,634,792$3,993,978
38$4,976,990$3,090,857$2,670,084$4,254,869
39$5,430,000$3,187,666$2,704,889$4,538,239
40$5,927,496$3,287,497$2,739,138$4,846,270
41$6,473,961$3,390,445$2,772,760$5,181,358
42$7,074,334$3,496,606$2,805,676$5,546,144
43$7,734,056$3,606,080$2,837,807$5,943,534
44$8,459,121$3,718,969$2,869,064$6,376,728
45$9,256,133$3,835,380$2,899,360$6,849,248
46$10,132,366$3,955,421$2,928,596$7,364,972
47$11,095,837$4,079,206$2,956,674$7,928,169
48$12,155,376$4,206,851$2,983,486$8,543,544
49$13,320,712$4,338,475$3,008,921$9,216,273
50$14,602,566$4,474,201$3,032,860$9,952,059
51$16,012,748$4,614,157$3,055,181$10,757,182
52$17,564,271$4,758,473$3,075,752$11,638,560
53$19,271,473$4,907,285$3,094,437$12,603,810
54$21,150,152$5,060,731$3,111,090$13,661,325
55$23,217,717$5,218,956$3,125,560$14,820,347
56$25,493,345$5,382,106$3,137,688$16,091,058
57$27,998,172$5,550,335$3,147,305$17,484,672
58$30,755,482$5,723,798$3,154,237$19,013,546
59$33,790,936$5,902,659$3,158,299$20,691,288
60$37,132,805$6,087,083$3,159,295$22,532,894
61$40,812,243$6,277,242$3,157,024$24,554,881
62$44,863,579$6,473,314$3,151,271$26,775,448
63$49,324,639$6,675,481$3,141,813$29,214,643
64$54,237,103$6,883,930$3,128,415$31,894,555
65$59,646,901$7,098,856$3,110,830$34,839,522
66$65,604,643$7,320,458$3,088,801$38,076,355
67$72,166,098$7,548,943$3,062,058$41,634,599
68$79,392,720$7,784,521$3,030,317$45,546,803
69$87,352,226$8,027,411$2,993,281$49,848,831
70$96,119,238$8,277,839$2,950,641$54,580,201
71$105,775,983$8,536,035$2,902,070$59,784,453
72$116,413,072$8,802,240$2,847,228$65,509,562
73$128,130,354$9,076,699$2,785,759$71,808,393
74$141,037,859$9,359,665$2,717,290$78,739,193
75$155,256,832$9,651,401$2,641,431$86,366,145
76$170,920,884$9,952,174$2,557,774$94,759,971
77$188,177,246$10,262,263$2,465,892$103,998,602
78$207,188,164$10,581,953$2,365,338$114,167,907
79$228,132,426$10,911,537$2,255,646$125,362,508
80$251,207,051$11,251,321$2,136,328$137,686,673
81$276,629,149$11,601,615$2,006,874$151,255,293
82$304,637,970$11,962,741$1,866,751$166,194,974
83$335,497,158$12,335,030$1,715,403$182,645,226
84$369,497,246$12,718,825$1,552,247$200,759,780
85$406,958,394$13,114,476$1,376,676$220,708,042
86$448,233,410$13,522,345$1,188,054$242,676,686
87$493,711,083$13,942,805$985,720$266,871,418
88$543,819,852$14,376,241$768,980$293,518,920
89$599,031,848$14,823,048$537,111$322,868,983
90$659,867,352$15,283,633$289,360$355,196,869
91$726,899,706$15,758,415$24,938$390,805,907
92$800,760,726$16,247,828$0$430,030,355
93$882,146,664$16,752,315$0$473,276,985
94$971,824,779$17,272,334$0$520,919,746
95$1,070,640,587$17,808,358$0$573,402,339
96$1,179,525,831$18,360,872$0$631,217,813
97$1,299,507,287$18,930,377$0$694,909,490
98$1,431,716,451$19,517,386$0$765,076,090
99$1,577,400,222$20,122,430$0$842,377,383
100$1,737,932,671$20,746,056$0$927,540,415