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

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$190,758$189,058$187,401$185,783$184,203$182,659
2 years$94,434$92,676$90,971$89,319$87,716$86,160
3 years$62,331$60,565$58,864$57,227$55,650$54,131
4 years$46,282$44,521$42,838$41,229$39,690$38,219
5 years$36,656$34,905$33,244$31,668$30,172$28,752
6 years$30,240$28,503$26,866$25,325$23,874$22,508
7 years$25,659$23,937$22,326$20,821$19,416$18,105
8 years$22,225$20,518$18,934$17,466$16,107$14,851
9 years$19,556$17,865$16,308$14,877$13,565$12,362
10 years$17,421$15,747$14,218$12,824$11,558$10,409
11 years$15,676$14,019$12,517$11,161$9,940$8,844
12 years$14,223$12,582$11,109$9,790$8,614$7,569
13 years$12,994$11,371$9,925$8,643$7,512$6,517
14 years$11,942$10,336$8,917$7,672$6,585$5,639
15 years$11,031$9,442$8,051$6,842$5,798$4,900
16 years$10,234$8,663$7,300$6,127$5,124$4,272
17 years$9,532$7,978$6,642$5,505$4,543$3,737
18 years$8,909$7,372$6,064$4,961$4,040$3,276
19 years$8,352$6,832$5,551$4,482$3,601$2,879
20 years$7,851$6,349$5,094$4,060$3,216$2,535
21 years$7,398$5,914$4,686$3,684$2,878$2,236
22 years$6,988$5,520$4,319$3,350$2,580$1,975
23 years$6,613$5,163$3,988$3,051$2,316$1,746
24 years$6,270$4,837$3,688$2,783$2,081$1,546
25 years$5,956$4,540$3,416$2,541$1,873$1,370
26 years$5,665$4,267$3,168$2,324$1,687$1,215
27 years$5,397$4,015$2,942$2,127$1,521$1,078
28 years$5,148$3,784$2,735$1,949$1,372$958
29 years$4,917$3,569$2,545$1,787$1,239$851
30 years$4,702$3,371$2,370$1,640$1,120$757
31 years$4,501$3,187$2,210$1,506$1,012$673
32 years$4,313$3,015$2,062$1,384$916$599
33 years$4,137$2,855$1,925$1,273$829$533
34 years$3,971$2,706$1,799$1,171$750$475
35 years$3,816$2,567$1,682$1,078$680$423
36 years$3,669$2,436$1,573$993$616$377
37 years$3,530$2,314$1,472$915$558$336
38 years$3,399$2,199$1,379$843$506$300
39 years$3,276$2,091$1,292$778$459$267
40 years$3,158$1,990$1,211$717$416$238
41 years$3,047$1,894$1,135$662$378$212
42 years$2,941$1,804$1,065$611$343$189
43 years$2,840$1,719$999$564$311$169
44 years$2,745$1,638$938$520$282$151
45 years$2,653$1,562$881$481$256$134
46 years$2,566$1,490$827$444$233$120
47 years$2,483$1,422$777$410$211$107
48 years$2,404$1,358$730$379$192$96
49 years$2,328$1,296$687$350$174$85
50 years$2,255$1,238$645$324$158$76

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 $5,496 every year, while hoping to spend $27,813 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: 60/32/8 Blend
29$2,310,000$2,310,000$2,310,000$2,310,000
30$2,551,289$2,428,859$2,393,054$2,699,638
31$2,781,928$2,518,280$2,443,629$2,889,141
32$3,035,159$2,611,151$2,494,965$3,092,071
33$3,313,259$2,707,611$2,547,060$3,312,714
34$3,618,733$2,807,806$2,599,908$3,552,775
35$3,954,343$2,911,887$2,653,504$3,814,131
36$4,323,129$3,020,012$2,707,839$4,098,844
37$4,728,443$3,132,348$2,762,907$4,409,186
38$5,173,976$3,249,065$2,818,696$4,747,654
39$5,663,795$3,370,343$2,875,196$5,116,997
40$6,202,381$3,496,368$2,932,394$5,520,238
41$6,794,671$3,627,337$2,990,276$5,960,707
42$7,446,103$3,763,452$3,048,826$6,442,068
43$8,162,670$3,904,926$3,108,026$6,968,350
44$8,950,974$4,051,979$3,167,857$7,543,995
45$9,818,290$4,204,843$3,228,297$8,173,886
46$10,772,634$4,363,758$3,289,323$8,863,402
47$11,822,836$4,528,976$3,350,909$9,618,466
48$12,978,628$4,700,758$3,413,027$10,445,597
49$14,250,731$4,879,379$3,475,646$11,351,974
50$15,650,960$5,065,122$3,538,734$12,345,501
51$17,192,331$5,258,287$3,602,255$13,434,883
52$18,889,189$5,459,183$3,666,171$14,629,705
53$20,757,339$5,668,136$3,730,440$15,940,523
54$22,814,195$5,885,482$3,795,018$17,378,962
55$25,078,949$6,111,577$3,859,857$18,957,824
56$27,572,745$6,346,787$3,924,906$20,691,212
57$30,318,885$6,591,499$3,990,110$22,594,657
58$33,343,043$6,846,114$4,055,410$24,685,264
59$36,673,511$7,111,052$4,120,744$26,981,877
60$40,341,466$7,386,750$4,186,045$29,505,251
61$44,381,260$7,673,666$4,251,243$32,278,248
62$48,830,750$7,972,277$4,316,261$35,326,052
63$53,731,650$8,283,082$4,381,019$38,676,407
64$59,129,927$8,606,602$4,445,432$42,359,872
65$65,076,235$8,943,380$4,509,409$46,410,116
66$71,626,389$9,293,984$4,572,853$50,864,228
67$78,841,900$9,659,008$4,635,662$55,763,067
68$86,790,545$10,039,071$4,697,728$61,151,649
69$95,547,016$10,434,821$4,758,937$67,079,567
70$105,193,617$10,846,933$4,819,167$73,601,459
71$115,821,047$11,276,113$4,878,291$80,777,520
72$127,529,252$11,723,101$4,936,171$88,674,072
73$140,428,369$12,188,667$4,992,667$97,364,184
74$154,639,767$12,673,616$5,047,625$106,928,365
75$170,297,190$13,178,790$5,100,888$117,455,315
76$187,548,022$13,705,069$5,152,286$129,042,766
77$206,554,675$14,253,371$5,201,642$141,798,400
78$227,496,124$14,824,659$5,248,769$155,840,861
79$250,569,596$15,419,935$5,293,471$171,300,878
80$275,992,432$16,040,249$5,335,539$188,322,491
81$304,004,136$16,686,697$5,374,756$207,064,411
82$334,868,640$17,360,427$5,410,891$227,701,515
83$368,876,789$18,062,636$5,443,704$250,426,495
84$406,349,093$18,794,577$5,472,940$275,451,669
85$447,638,749$19,557,559$5,498,332$303,010,991
86$493,134,974$20,352,952$5,519,598$333,362,246
87$543,266,681$21,182,187$5,536,445$366,789,490
88$598,506,529$22,046,761$5,548,563$403,605,721
89$659,375,381$22,948,238$5,555,625$444,155,832
90$726,447,223$23,888,255$5,557,292$488,819,865
91$800,354,583$24,868,522$5,553,205$538,016,592
92$881,794,501$25,890,830$5,542,987$592,207,466
93$971,535,108$26,957,049$5,526,245$651,900,971
94$1,070,422,881$28,069,136$5,502,566$717,657,421
95$1,179,390,629$29,229,138$5,471,516$790,094,242
96$1,299,466,302$30,439,195$5,432,642$869,891,795
97$1,431,782,696$31,701,547$5,385,466$957,799,797
98$1,577,588,144$33,018,535$5,329,492$1,054,644,392
99$1,738,258,300$34,392,609$5,264,196$1,161,335,942
100$1,915,309,132$35,826,332$5,189,031$1,278,877,621