Can I retire at age 30 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$191,583$189,877$188,212$186,587$185,000$180,454
2 years$94,843$93,077$91,365$89,705$88,095$83,544
3 years$62,601$60,827$59,119$57,475$55,891$51,476
4 years$46,483$44,714$43,024$41,408$39,862$35,617
5 years$36,814$35,056$33,388$31,805$30,303$26,240
6 years$30,371$28,626$26,983$25,435$23,977$20,101
7 years$25,770$24,040$22,423$20,911$19,500$15,810
8 years$22,321$20,607$19,016$17,542$16,177$12,672
9 years$19,640$17,942$16,379$14,942$13,624$10,301
10 years$17,497$15,815$14,279$12,880$11,608$8,464
11 years$15,744$14,079$12,571$11,209$9,983$7,013
12 years$14,284$12,637$11,157$9,832$8,651$5,849
13 years$13,050$11,420$9,968$8,680$7,544$4,905
14 years$11,994$10,380$8,956$7,705$6,613$4,132
15 years$11,078$9,483$8,086$6,872$5,823$3,493
16 years$10,278$8,700$7,331$6,153$5,146$2,962
17 years$9,573$8,013$6,671$5,528$4,563$2,518
18 years$8,947$7,404$6,090$4,982$4,057$2,145
19 years$8,388$6,862$5,575$4,502$3,616$1,830
20 years$7,885$6,376$5,116$4,077$3,230$1,564
21 years$7,431$5,939$4,706$3,700$2,891$1,338
22 years$7,018$5,544$4,337$3,365$2,591$1,146
23 years$6,642$5,185$4,005$3,064$2,326$983
24 years$6,298$4,858$3,704$2,795$2,090$843
25 years$5,981$4,559$3,430$2,552$1,881$724
26 years$5,690$4,285$3,182$2,334$1,694$622
27 years$5,420$4,033$2,954$2,136$1,528$535
28 years$5,171$3,800$2,746$1,957$1,378$460
29 years$4,939$3,585$2,556$1,795$1,245$395
30 years$4,723$3,386$2,381$1,647$1,125$340
31 years$4,521$3,200$2,219$1,513$1,017$293
32 years$4,332$3,028$2,071$1,390$920$252
33 years$4,155$2,868$1,933$1,278$832$217
34 years$3,989$2,718$1,807$1,176$754$187
35 years$3,832$2,578$1,689$1,083$683$161
36 years$3,685$2,447$1,580$997$618$139
37 years$3,546$2,324$1,479$919$561$119
38 years$3,414$2,209$1,385$847$508$103
39 years$3,290$2,100$1,297$781$461$89
40 years$3,172$1,998$1,216$720$418$76
41 years$3,060$1,902$1,140$665$379$66
42 years$2,954$1,811$1,070$613$344$57
43 years$2,853$1,726$1,004$566$312$49
44 years$2,756$1,645$942$523$283$42
45 years$2,665$1,569$885$483$257$36
46 years$2,577$1,497$831$446$234$31
47 years$2,494$1,428$781$412$212$27
48 years$2,414$1,363$734$381$193$23
49 years$2,338$1,302$690$352$175$20
50 years$2,265$1,244$648$325$159$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,320,000, adding $3,759 every year, while hoping to spend $37,838 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: 37/38/25 Blend
29$2,320,000$2,320,000$2,320,000$2,320,000
30$2,560,517$2,437,557$2,401,597$2,635,946
31$2,781,431$2,516,738$2,441,792$2,770,827
32$3,023,609$2,598,531$2,482,064$2,912,664
33$3,289,182$2,683,023$2,522,378$3,065,130
34$3,580,493$2,770,307$2,562,692$3,229,206
35$3,900,127$2,860,475$2,602,966$3,405,972
36$4,250,927$2,953,626$2,643,153$3,596,615
37$4,636,029$3,049,860$2,683,205$3,802,442
38$5,058,883$3,149,282$2,723,071$4,024,887
39$5,523,292$3,252,001$2,762,698$4,265,532
40$6,033,446$3,358,127$2,802,026$4,526,113
41$6,593,960$3,467,777$2,840,996$4,808,542
42$7,209,916$3,581,070$2,879,542$5,114,925
43$7,886,916$3,698,131$2,917,595$5,447,575
44$8,631,130$3,819,088$2,955,083$5,809,042
45$9,449,356$3,944,074$2,991,929$6,202,130
46$10,349,083$4,073,227$3,028,052$6,629,928
47$11,338,563$4,206,689$3,063,365$7,095,834
48$12,426,888$4,344,607$3,097,779$7,603,591
49$13,624,072$4,487,135$3,131,196$8,157,319
50$14,941,153$4,634,431$3,163,517$8,761,555
51$16,390,291$4,786,658$3,194,635$9,421,294
52$17,984,882$4,943,986$3,224,437$10,142,040
53$19,739,689$5,106,590$3,252,805$10,929,849
54$21,670,978$5,274,653$3,279,614$11,791,396
55$23,796,670$5,448,364$3,304,733$12,734,027
56$26,136,513$5,627,916$3,328,024$13,765,839
57$28,712,266$5,813,513$3,349,342$14,895,746
58$31,547,906$6,005,364$3,368,534$16,133,567
59$34,669,851$6,203,685$3,385,439$17,490,122
60$38,107,213$6,408,703$3,399,887$18,977,324
61$41,892,068$6,620,648$3,411,703$20,608,302
62$46,059,763$6,839,764$3,420,699$22,397,514
63$50,649,245$7,066,299$3,426,679$24,360,891
64$55,703,434$7,300,513$3,429,438$26,515,983
65$61,269,621$7,542,675$3,428,761$28,882,124
66$67,399,919$7,793,063$3,424,421$31,480,615
67$74,151,752$8,051,964$3,416,180$34,334,924
68$81,588,398$8,319,678$3,403,791$37,470,909
69$89,779,588$8,596,516$3,386,991$40,917,055
70$98,802,158$8,882,797$3,365,507$44,704,751
71$108,740,779$9,178,855$3,339,052$48,868,579
72$119,688,755$9,485,035$3,307,327$53,446,643
73$131,748,901$9,801,695$3,270,016$58,480,927
74$145,034,517$10,129,206$3,226,789$64,017,690
75$159,670,454$10,467,953$3,177,302$70,107,903
76$175,794,292$10,818,335$3,121,194$76,807,730
77$193,557,641$11,180,765$3,058,085$84,179,056
78$213,127,571$11,555,672$2,987,581$92,290,070
79$234,688,185$11,943,502$2,909,267$101,215,910
80$258,442,362$12,344,716$2,822,710$111,039,370
81$284,613,669$12,759,793$2,727,457$121,851,681
82$313,448,470$13,189,230$2,623,034$133,753,371
83$345,218,254$13,633,542$2,508,945$146,855,216
84$380,222,193$14,093,263$2,384,672$161,279,279
85$418,789,972$14,568,948$2,249,674$177,160,068
86$461,284,896$15,061,173$2,103,385$194,645,799
87$508,107,320$15,570,535$1,945,213$213,899,801
88$559,698,429$16,097,654$1,774,540$235,102,048
89$616,544,403$16,643,173$1,590,720$258,450,867
90$679,181,003$17,207,759$1,393,080$284,164,800
91$748,198,631$17,792,106$1,180,915$312,484,674
92$824,247,905$18,396,932$953,489$343,675,867
93$908,045,794$19,022,985$710,034$378,030,817
94$1,000,382,393$19,671,039$449,748$415,871,780
95$1,102,128,377$20,341,900$171,794$457,553,869
96$1,214,243,222$21,036,403$0$503,468,409
97$1,337,784,259$21,755,415$0$554,079,926
98$1,473,916,661$22,499,839$0$609,881,392
99$1,623,924,439$23,270,609$0$671,350,846
100$1,789,222,560$24,068,697$0$739,065,613