Can I retire at age 30 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$190,758$189,058$187,401$185,783$184,203$177,879
2 years$94,434$92,676$90,971$89,319$87,716$81,409
3 years$62,331$60,565$58,864$57,227$55,650$49,559
4 years$46,282$44,521$42,838$41,229$39,690$33,861
5 years$36,656$34,905$33,244$31,668$30,172$24,620
6 years$30,240$28,503$26,866$25,325$23,874$18,603
7 years$25,659$23,937$22,326$20,821$19,416$14,426
8 years$22,225$20,518$18,934$17,466$16,107$11,394
9 years$19,556$17,865$16,308$14,877$13,565$9,122
10 years$17,421$15,747$14,218$12,824$11,558$7,379
11 years$15,676$14,019$12,517$11,161$9,940$6,016
12 years$14,223$12,582$11,109$9,790$8,614$4,936
13 years$12,994$11,371$9,925$8,643$7,512$4,070
14 years$11,942$10,336$8,917$7,672$6,585$3,370
15 years$11,031$9,442$8,051$6,842$5,798$2,799
16 years$10,234$8,663$7,300$6,127$5,124$2,331
17 years$9,532$7,978$6,642$5,505$4,543$1,945
18 years$8,909$7,372$6,064$4,961$4,040$1,627
19 years$8,352$6,832$5,551$4,482$3,601$1,362
20 years$7,851$6,349$5,094$4,060$3,216$1,142
21 years$7,398$5,914$4,686$3,684$2,878$959
22 years$6,988$5,520$4,319$3,350$2,580$805
23 years$6,613$5,163$3,988$3,051$2,316$677
24 years$6,270$4,837$3,688$2,783$2,081$570
25 years$5,956$4,540$3,416$2,541$1,873$479
26 years$5,665$4,267$3,168$2,324$1,687$404
27 years$5,397$4,015$2,942$2,127$1,521$340
28 years$5,148$3,784$2,735$1,949$1,372$286
29 years$4,917$3,569$2,545$1,787$1,239$241
30 years$4,702$3,371$2,370$1,640$1,120$203
31 years$4,501$3,187$2,210$1,506$1,012$172
32 years$4,313$3,015$2,062$1,384$916$145
33 years$4,137$2,855$1,925$1,273$829$122
34 years$3,971$2,706$1,799$1,171$750$103
35 years$3,816$2,567$1,682$1,078$680$87
36 years$3,669$2,436$1,573$993$616$73
37 years$3,530$2,314$1,472$915$558$62
38 years$3,399$2,199$1,379$843$506$52
39 years$3,276$2,091$1,292$778$459$44
40 years$3,158$1,990$1,211$717$416$37
41 years$3,047$1,894$1,135$662$378$31
42 years$2,941$1,804$1,065$611$343$26
43 years$2,840$1,719$999$564$311$22
44 years$2,745$1,638$938$520$282$19
45 years$2,653$1,562$881$481$256$16
46 years$2,566$1,490$827$444$233$13
47 years$2,483$1,422$777$410$211$11
48 years$2,404$1,358$730$379$192$10
49 years$2,328$1,296$687$350$174$8
50 years$2,255$1,238$645$324$158$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,310,000, adding $2,229 every year, while hoping to spend $21,119 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: 33/48/19 Blend
29$2,310,000$2,310,000$2,310,000$2,310,000
30$2,547,919$2,425,489$2,389,684$2,616,963
31$2,785,337$2,521,868$2,447,268$2,764,712
32$3,046,263$2,622,261$2,506,073$2,921,743
33$3,333,073$2,726,843$2,566,118$3,090,541
34$3,648,385$2,835,797$2,627,422$3,272,153
35$3,995,082$2,949,313$2,690,002$3,467,728
36$4,376,341$3,067,590$2,753,878$3,678,525
37$4,795,661$3,190,835$2,819,066$3,905,925
38$5,256,900$3,319,267$2,885,586$4,151,444
39$5,764,305$3,453,113$2,953,455$4,416,744
40$6,322,559$3,592,611$3,022,691$4,703,651
41$6,936,819$3,738,007$3,093,310$5,014,170
42$7,612,768$3,889,563$3,165,329$5,350,501
43$8,356,669$4,047,550$3,238,766$5,715,061
44$9,175,420$4,212,251$3,313,636$6,110,505
45$10,076,625$4,383,963$3,389,954$6,539,751
46$11,068,660$4,562,997$3,467,737$7,006,005
47$12,160,755$4,749,676$3,546,998$7,512,789
48$13,363,082$4,944,339$3,627,752$8,063,975
49$14,686,846$5,147,342$3,710,012$8,663,820
50$16,144,398$5,359,055$3,793,791$9,317,005
51$17,749,344$5,579,866$3,879,100$10,028,675
52$19,516,678$5,810,181$3,965,951$10,804,490
53$21,462,922$6,050,423$4,054,354$11,650,674
54$23,606,284$6,301,037$4,144,318$12,574,072
55$25,966,823$6,562,487$4,235,851$13,582,217
56$28,566,648$6,835,257$4,328,961$14,683,393
57$31,430,118$7,119,857$4,423,653$15,886,716
58$34,584,076$7,416,816$4,519,932$17,202,216
59$38,058,103$7,726,691$4,617,801$18,640,931
60$41,884,794$8,050,063$4,717,261$20,215,007
61$46,100,067$8,387,541$4,818,314$21,937,814
62$50,743,504$8,739,760$4,920,957$23,824,065
63$55,858,720$9,107,387$5,025,188$25,889,957
64$61,493,778$9,491,117$5,131,000$28,153,317
65$67,701,643$9,891,681$5,238,388$30,633,773
66$74,540,677$10,309,841$5,347,341$33,352,932
67$82,075,198$10,746,395$5,457,849$36,334,583
68$90,376,078$11,202,178$5,569,896$39,604,916
69$99,521,418$11,678,064$5,683,468$43,192,772
70$109,597,282$12,174,969$5,798,544$47,129,906
71$120,698,512$12,693,850$5,915,102$51,451,284
72$132,929,620$13,235,708$6,033,118$56,195,415
73$146,405,777$13,801,594$6,152,563$61,404,704
74$161,253,898$14,392,603$6,273,405$67,125,852
75$177,613,841$15,009,886$6,395,610$73,410,290
76$195,639,727$15,654,646$6,519,137$80,314,666
77$215,501,397$16,328,140$6,643,946$87,901,368
78$237,386,008$17,031,688$6,769,987$96,239,114
79$261,499,810$17,766,670$6,897,210$105,403,592
80$288,070,082$18,534,528$7,025,559$115,478,172
81$317,347,288$19,336,777$7,154,972$126,554,687
82$349,607,430$20,174,999$7,285,383$138,734,292
83$385,154,666$21,050,851$7,416,720$152,128,417
84$424,324,168$21,966,069$7,548,907$166,859,812
85$467,485,297$22,922,470$7,681,859$183,063,695
86$515,045,083$23,921,957$7,815,487$200,889,028
87$567,452,070$24,966,521$7,949,695$220,499,913
88$625,200,550$26,058,250$8,084,378$242,077,136
89$688,835,229$27,199,327$8,219,428$265,819,860
90$758,956,368$28,392,040$8,354,724$291,947,508
91$836,225,451$29,638,784$8,490,141$320,701,815
92$921,371,431$30,942,067$8,625,544$352,349,109
93$1,015,197,606$32,304,518$8,760,789$387,182,812
94$1,118,589,209$33,728,887$8,895,723$425,526,205
95$1,232,521,761$35,218,055$9,030,183$467,735,463
96$1,358,070,282$36,775,041$9,163,995$514,203,015
97$1,496,419,438$38,403,005$9,296,976$565,361,232
98$1,648,874,727$40,105,258$9,428,931$621,686,501
99$1,816,874,801$41,885,268$9,559,652$683,703,706
100$2,002,005,050$43,746,665$9,688,920$751,991,178