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%17.4%
1 years$189,932$188,240$186,589$184,978$183,405$177,891
2 years$94,026$92,275$90,577$88,932$87,336$81,826
3 years$62,061$60,302$58,610$56,980$55,409$50,078
4 years$46,082$44,329$42,653$41,051$39,518$34,406
5 years$36,497$34,754$33,100$31,531$30,041$25,161
6 years$30,109$28,379$26,750$25,215$23,771$19,128
7 years$25,548$23,833$22,229$20,731$19,332$14,926
8 years$22,129$20,429$18,852$17,391$16,038$11,866
9 years$19,471$17,787$16,237$14,813$13,506$9,564
10 years$17,346$15,679$14,156$12,769$11,508$7,789
11 years$15,608$13,958$12,463$11,113$9,897$6,396
12 years$14,161$12,528$11,060$9,747$8,577$5,286
13 years$12,938$11,321$9,882$8,606$7,479$4,392
14 years$11,890$10,291$8,879$7,639$6,556$3,664
15 years$10,983$9,401$8,016$6,813$5,772$3,067
16 years$10,190$8,625$7,268$6,100$5,102$2,575
17 years$9,491$7,943$6,614$5,481$4,524$2,166
18 years$8,870$7,340$6,037$4,939$4,022$1,826
19 years$8,316$6,803$5,527$4,463$3,585$1,542
20 years$7,817$6,321$5,072$4,042$3,202$1,304
21 years$7,366$5,888$4,666$3,669$2,866$1,104
22 years$6,957$5,496$4,300$3,336$2,569$935
23 years$6,585$5,141$3,970$3,038$2,306$793
24 years$6,243$4,816$3,672$2,771$2,072$673
25 years$5,930$4,520$3,401$2,530$1,865$571
26 years$5,641$4,248$3,154$2,314$1,680$485
27 years$5,374$3,998$2,929$2,118$1,514$412
28 years$5,126$3,767$2,723$1,940$1,367$351
29 years$4,896$3,554$2,534$1,779$1,234$298
30 years$4,682$3,356$2,360$1,633$1,115$254
31 years$4,482$3,173$2,200$1,500$1,008$216
32 years$4,294$3,002$2,053$1,378$912$184
33 years$4,119$2,843$1,917$1,267$825$156
34 years$3,954$2,695$1,791$1,166$747$133
35 years$3,799$2,556$1,674$1,073$677$113
36 years$3,653$2,426$1,566$989$613$96
37 years$3,515$2,304$1,466$911$556$82
38 years$3,385$2,190$1,373$840$504$70
39 years$3,261$2,082$1,286$774$457$59
40 years$3,144$1,981$1,206$714$414$51
41 years$3,034$1,886$1,131$659$376$43
42 years$2,928$1,796$1,060$608$341$37
43 years$2,828$1,711$995$561$310$31
44 years$2,733$1,631$934$518$281$27
45 years$2,642$1,555$877$479$255$23
46 years$2,555$1,484$824$442$232$19
47 years$2,473$1,416$774$408$210$16
48 years$2,393$1,352$727$377$191$14
49 years$2,318$1,291$684$349$173$12
50 years$2,246$1,233$643$322$158$10

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 $4,252 every year, while hoping to spend $21,238 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: 46/32/22 Blend
29$2,300,000$2,300,000$2,300,000$2,300,000
30$2,538,986$2,417,086$2,381,436$2,639,590
31$2,775,365$2,512,926$2,438,617$2,806,477
32$3,035,144$2,612,751$2,497,002$2,984,997
33$3,320,685$2,716,732$2,556,608$3,178,253
34$3,634,595$2,825,052$2,617,454$3,387,628
35$3,979,742$2,937,898$2,679,557$3,614,645
36$4,359,288$3,055,467$2,742,935$3,860,977
37$4,776,717$3,177,966$2,807,604$4,128,462
38$5,235,866$3,305,610$2,873,583$4,419,123
39$5,740,964$3,438,625$2,940,888$4,735,183
40$6,296,669$3,577,245$3,009,535$5,079,085
41$6,908,116$3,721,716$3,079,540$5,453,519
42$7,580,959$3,872,296$3,150,921$5,861,441
43$8,321,431$4,029,253$3,223,691$6,306,104
44$9,136,399$4,192,868$3,297,866$6,791,087
45$10,033,428$4,363,435$3,373,461$7,320,328
46$11,020,855$4,541,260$3,450,490$7,898,158
47$12,107,866$4,726,666$3,528,965$8,529,345
48$13,304,584$4,919,988$3,608,900$9,219,136
49$14,622,160$5,121,576$3,690,307$9,973,305
50$16,072,886$5,331,799$3,773,198$10,798,208
51$17,670,302$5,551,039$3,857,582$11,700,840
52$19,429,331$5,779,698$3,943,469$12,688,905
53$21,366,416$6,018,196$4,030,868$13,770,878
54$23,499,675$6,266,972$4,119,787$14,956,095
55$25,849,074$6,526,486$4,210,232$16,254,832
56$28,436,613$6,797,218$4,302,209$17,678,404
57$31,286,536$7,079,670$4,395,721$19,239,271
58$34,425,557$7,374,367$4,490,771$20,951,150
59$37,883,113$7,681,861$4,587,362$22,829,151
60$41,691,643$8,002,725$4,685,491$24,889,909
61$45,886,894$8,337,562$4,785,159$27,151,748
62$50,508,256$8,687,001$4,886,360$29,634,845
63$55,599,135$9,051,701$4,989,090$32,361,423
64$61,207,363$9,432,351$5,093,341$35,355,961
65$67,385,650$9,829,671$5,199,104$38,645,417
66$74,192,079$10,244,418$5,306,366$42,259,485
67$81,690,656$10,677,379$5,415,114$46,230,873
68$89,951,913$11,129,381$5,525,331$50,595,610
69$99,053,577$11,601,290$5,636,998$55,393,382
70$109,081,297$12,094,008$5,750,093$60,667,906
71$120,129,459$12,608,484$5,864,590$66,467,340
72$132,302,072$13,145,708$5,980,463$72,844,734
73$145,713,753$13,706,717$6,097,678$79,858,532
74$160,490,807$14,292,597$6,216,201$87,573,116
75$176,772,419$14,904,484$6,335,993$96,059,416
76$194,711,969$15,543,568$6,457,013$105,395,571
77$214,478,480$16,211,092$6,579,213$115,667,671
78$236,258,210$16,908,361$6,702,542$126,970,560
79$260,256,415$17,636,738$6,826,944$139,408,731
80$286,699,283$18,397,652$6,952,360$153,097,309
81$315,836,069$19,192,597$7,078,724$168,163,135
82$347,941,452$20,023,138$7,205,965$184,745,957
83$383,318,122$20,890,913$7,334,007$202,999,749
84$422,299,642$21,797,639$7,462,767$223,094,157
85$465,253,593$22,745,112$7,592,158$245,216,099
86$512,585,049$23,735,211$7,722,084$269,571,524
87$564,740,393$24,769,906$7,852,443$296,387,351
88$622,211,541$25,851,259$7,983,128$325,913,611
89$685,540,575$26,981,428$8,114,020$358,425,793
90$755,324,871$28,162,674$8,244,996$394,227,450
91$832,222,727$29,397,365$8,375,923$433,653,052
92$916,959,589$30,687,980$8,506,661$477,071,141
93$1,010,334,890$32,037,114$8,637,057$524,887,804
94$1,113,229,603$33,447,486$8,766,952$577,550,501
95$1,226,614,554$34,921,945$8,896,176$635,552,280
96$1,351,559,589$36,463,471$9,024,549$699,436,427
97$1,489,243,674$38,075,187$9,151,878$769,801,589
98$1,640,966,023$39,760,366$9,277,960$847,307,416
99$1,808,158,366$41,522,432$9,402,581$932,680,782
100$1,992,398,463$43,364,975$9,525,511$1,026,722,637