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

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$191,583$189,877$188,212$186,587$185,000$182,085
2 years$94,843$93,077$91,365$89,705$88,095$85,166
3 years$62,601$60,827$59,119$57,475$55,891$53,039
4 years$46,483$44,714$43,024$41,408$39,862$37,109
5 years$36,814$35,056$33,388$31,805$30,303$27,656
6 years$30,371$28,626$26,983$25,435$23,977$21,441
7 years$25,770$24,040$22,423$20,911$19,500$17,074
8 years$22,321$20,607$19,016$17,542$16,177$13,861
9 years$19,640$17,942$16,379$14,942$13,624$11,417
10 years$17,497$15,815$14,279$12,880$11,608$9,508
11 years$15,744$14,079$12,571$11,209$9,983$7,989
12 years$14,284$12,637$11,157$9,832$8,651$6,759
13 years$13,050$11,420$9,968$8,680$7,544$5,752
14 years$11,994$10,380$8,956$7,705$6,613$4,918
15 years$11,078$9,483$8,086$6,872$5,823$4,221
16 years$10,278$8,700$7,331$6,153$5,146$3,635
17 years$9,573$8,013$6,671$5,528$4,563$3,140
18 years$8,947$7,404$6,090$4,982$4,057$2,718
19 years$8,388$6,862$5,575$4,502$3,616$2,357
20 years$7,885$6,376$5,116$4,077$3,230$2,048
21 years$7,431$5,939$4,706$3,700$2,891$1,782
22 years$7,018$5,544$4,337$3,365$2,591$1,553
23 years$6,642$5,185$4,005$3,064$2,326$1,354
24 years$6,298$4,858$3,704$2,795$2,090$1,182
25 years$5,981$4,559$3,430$2,552$1,881$1,033
26 years$5,690$4,285$3,182$2,334$1,694$903
27 years$5,420$4,033$2,954$2,136$1,528$790
28 years$5,171$3,800$2,746$1,957$1,378$692
29 years$4,939$3,585$2,556$1,795$1,245$606
30 years$4,723$3,386$2,381$1,647$1,125$531
31 years$4,521$3,200$2,219$1,513$1,017$465
32 years$4,332$3,028$2,071$1,390$920$408
33 years$4,155$2,868$1,933$1,278$832$358
34 years$3,989$2,718$1,807$1,176$754$314
35 years$3,832$2,578$1,689$1,083$683$275
36 years$3,685$2,447$1,580$997$618$242
37 years$3,546$2,324$1,479$919$561$212
38 years$3,414$2,209$1,385$847$508$186
39 years$3,290$2,100$1,297$781$461$163
40 years$3,172$1,998$1,216$720$418$144
41 years$3,060$1,902$1,140$665$379$126
42 years$2,954$1,811$1,070$613$344$111
43 years$2,853$1,726$1,004$566$312$97
44 years$2,756$1,645$942$523$283$85
45 years$2,665$1,569$885$483$257$75
46 years$2,577$1,497$831$446$234$66
47 years$2,494$1,428$781$412$212$58
48 years$2,414$1,363$734$381$193$51
49 years$2,338$1,302$690$352$175$45
50 years$2,265$1,244$648$325$159$39

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 $2,637 every year, while hoping to spend $26,152 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: 61/17/22 Blend
29$2,320,000$2,320,000$2,320,000$2,320,000
30$2,559,360$2,436,400$2,400,440$2,700,512
31$2,792,589$2,527,958$2,453,029$2,887,959
32$3,048,731$2,623,126$2,506,504$3,089,340
33$3,330,096$2,722,053$2,560,865$3,308,552
34$3,639,227$2,824,895$2,616,116$3,547,330
35$3,978,927$2,931,814$2,672,255$3,807,590
36$4,352,285$3,042,980$2,729,282$4,091,436
37$4,762,701$3,158,570$2,787,197$4,401,187
38$5,213,925$3,278,767$2,845,996$4,739,395
39$5,710,084$3,403,765$2,905,675$5,108,868
40$6,255,728$3,533,765$2,966,231$5,512,700
41$6,855,868$3,668,976$3,027,656$5,954,295
42$7,516,028$3,809,618$3,089,944$6,437,404
43$8,242,292$3,955,918$3,153,086$6,966,155
44$9,041,363$4,108,114$3,217,071$7,545,095
45$9,920,627$4,266,457$3,281,888$8,179,231
46$10,888,223$4,431,206$3,347,523$8,874,077
47$11,953,118$4,602,631$3,413,962$9,635,706
48$13,125,192$4,781,017$3,481,186$10,470,806
49$14,415,334$4,966,658$3,549,177$11,386,745
50$15,835,537$5,159,864$3,617,915$12,391,637
51$17,399,022$5,360,957$3,687,375$13,494,420
52$19,120,352$5,570,274$3,757,532$14,704,939
53$21,015,577$5,788,166$3,828,358$16,034,038
54$23,102,381$6,015,001$3,899,823$17,493,665
55$25,400,250$6,251,162$3,971,893$19,096,979
56$27,930,656$6,497,050$4,044,532$20,858,478
57$30,717,261$6,753,083$4,117,701$22,794,132
58$33,786,136$7,019,699$4,191,359$24,921,537
59$37,166,011$7,297,354$4,265,459$27,260,077
60$40,888,545$7,586,525$4,339,953$29,831,107
61$44,988,623$7,887,711$4,414,787$32,658,155
62$49,504,686$8,201,433$4,489,906$35,767,142
63$54,479,095$8,528,234$4,565,250$39,186,628
64$59,958,530$8,868,684$4,640,752$42,948,077
65$65,994,427$9,223,377$4,716,345$47,086,158
66$72,643,470$9,592,934$4,791,954$51,639,068
67$79,968,121$9,978,004$4,867,501$56,648,893
68$88,037,208$10,379,266$4,942,901$62,162,005
69$96,926,581$10,797,428$5,018,066$68,229,495
70$106,719,822$11,233,231$5,092,901$74,907,662
71$117,509,036$11,687,451$5,167,305$82,258,534
72$129,395,719$12,160,898$5,241,171$90,350,461
73$142,491,717$12,654,417$5,314,385$99,258,752
74$156,920,283$13,168,894$5,386,828$109,066,392
75$172,817,236$13,705,254$5,458,371$119,864,817
76$190,332,248$14,264,465$5,528,880$131,754,781
77$209,630,252$14,847,539$5,598,212$144,847,305
78$230,893,002$15,455,532$5,666,217$159,264,721
79$254,320,787$16,089,553$5,732,734$175,141,829
80$280,134,323$16,750,756$5,797,596$192,627,166
81$308,576,832$17,440,351$5,860,624$211,884,409
82$339,916,346$18,159,605$5,921,631$233,093,914
83$374,448,226$18,909,839$5,980,419$256,454,423
84$412,497,962$19,692,438$6,036,780$282,184,934
85$454,424,235$20,508,848$6,090,493$310,526,770
86$500,622,310$21,360,584$6,141,327$341,745,853
87$551,527,762$22,249,230$6,189,039$376,135,212
88$607,620,593$23,176,441$6,233,371$414,017,752
89$669,429,758$24,143,952$6,274,053$455,749,296
90$737,538,162$25,153,574$6,310,803$501,721,941
91$812,588,160$26,207,204$6,343,320$552,367,764
92$895,287,623$27,306,828$6,371,291$608,162,891
93$986,416,618$28,454,520$6,394,387$669,631,997
94$1,086,834,774$29,652,453$6,412,261$737,353,248
95$1,197,489,398$30,902,900$6,424,549$811,963,768
96$1,319,424,415$32,208,240$6,430,868$894,165,640
97$1,453,790,222$33,570,961$6,430,820$984,732,538
98$1,601,854,554$34,993,667$6,423,982$1,084,517,029
99$1,765,014,447$36,479,085$6,409,913$1,194,458,613
100$1,944,809,426$38,030,066$6,388,151$1,315,592,596