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%14.6%
1 years$191,583$189,877$188,212$186,587$185,000$181,488
2 years$94,843$93,077$91,365$89,705$88,095$84,570
3 years$62,601$60,827$59,119$57,475$55,891$52,463
4 years$46,483$44,714$43,024$41,408$39,862$36,558
5 years$36,814$35,056$33,388$31,805$30,303$27,132
6 years$30,371$28,626$26,983$25,435$23,977$20,943
7 years$25,770$24,040$22,423$20,911$19,500$16,603
8 years$22,321$20,607$19,016$17,542$16,177$13,417
9 years$19,640$17,942$16,379$14,942$13,624$10,998
10 years$17,497$15,815$14,279$12,880$11,608$9,115
11 years$15,744$14,079$12,571$11,209$9,983$7,620
12 years$14,284$12,637$11,157$9,832$8,651$6,414
13 years$13,050$11,420$9,968$8,680$7,544$5,429
14 years$11,994$10,380$8,956$7,705$6,613$4,617
15 years$11,078$9,483$8,086$6,872$5,823$3,941
16 years$10,278$8,700$7,331$6,153$5,146$3,375
17 years$9,573$8,013$6,671$5,528$4,563$2,898
18 years$8,947$7,404$6,090$4,982$4,057$2,494
19 years$8,388$6,862$5,575$4,502$3,616$2,151
20 years$7,885$6,376$5,116$4,077$3,230$1,858
21 years$7,431$5,939$4,706$3,700$2,891$1,607
22 years$7,018$5,544$4,337$3,365$2,591$1,391
23 years$6,642$5,185$4,005$3,064$2,326$1,206
24 years$6,298$4,858$3,704$2,795$2,090$1,046
25 years$5,981$4,559$3,430$2,552$1,881$908
26 years$5,690$4,285$3,182$2,334$1,694$789
27 years$5,420$4,033$2,954$2,136$1,528$686
28 years$5,171$3,800$2,746$1,957$1,378$597
29 years$4,939$3,585$2,556$1,795$1,245$519
30 years$4,723$3,386$2,381$1,647$1,125$452
31 years$4,521$3,200$2,219$1,513$1,017$393
32 years$4,332$3,028$2,071$1,390$920$343
33 years$4,155$2,868$1,933$1,278$832$299
34 years$3,989$2,718$1,807$1,176$754$260
35 years$3,832$2,578$1,689$1,083$683$227
36 years$3,685$2,447$1,580$997$618$198
37 years$3,546$2,324$1,479$919$561$172
38 years$3,414$2,209$1,385$847$508$150
39 years$3,290$2,100$1,297$781$461$131
40 years$3,172$1,998$1,216$720$418$114
41 years$3,060$1,902$1,140$665$379$100
42 years$2,954$1,811$1,070$613$344$87
43 years$2,853$1,726$1,004$566$312$76
44 years$2,756$1,645$942$523$283$66
45 years$2,665$1,569$885$483$257$58
46 years$2,577$1,497$831$446$234$50
47 years$2,494$1,428$781$412$212$44
48 years$2,414$1,363$734$381$193$38
49 years$2,338$1,302$690$352$175$33
50 years$2,265$1,244$648$325$159$29

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 $3,723 every year, while hoping to spend $56,738 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: 48/45/7 Blend
29$2,320,000$2,320,000$2,320,000$2,320,000
30$2,560,480$2,437,520$2,401,560$2,678,482
31$2,761,280$2,496,590$2,421,644$2,818,744
32$2,980,661$2,556,652$2,440,498$2,964,644
33$3,220,456$2,617,697$2,458,023$3,121,714
34$3,482,687$2,679,708$2,474,112$3,291,008
35$3,769,579$2,742,672$2,488,652$3,473,690
36$4,083,581$2,806,568$2,501,527$3,671,036
37$4,427,391$2,871,374$2,512,612$3,884,454
38$4,803,979$2,937,065$2,521,779$4,115,494
39$5,216,616$3,003,612$2,528,890$4,365,864
40$5,668,904$3,070,983$2,533,801$4,637,443
41$6,164,813$3,139,142$2,536,364$4,932,303
42$6,708,711$3,208,047$2,536,419$5,252,724
43$7,305,411$3,277,653$2,533,801$5,601,219
44$7,960,217$3,347,911$2,528,337$5,980,558
45$8,678,966$3,418,766$2,519,843$6,393,789
46$9,468,092$3,490,158$2,508,130$6,844,273
47$10,334,681$3,562,019$2,492,996$7,335,714
48$11,286,539$3,634,278$2,474,232$7,872,190
49$12,332,265$3,706,857$2,451,617$8,458,198
50$13,481,331$3,779,668$2,424,921$9,098,691
51$14,744,174$3,852,619$2,393,903$9,799,128
52$16,132,291$3,925,608$2,358,310$10,565,526
53$17,658,348$3,998,527$2,317,878$11,404,513
54$19,336,302$4,071,256$2,272,328$12,323,396
55$21,181,525$4,143,669$2,221,372$13,330,226
56$23,210,959$4,215,627$2,164,706$14,433,877
57$25,443,266$4,286,981$2,102,013$15,644,128
58$27,899,008$4,357,573$2,032,960$16,971,757
59$30,600,844$4,427,230$1,957,200$18,428,643
60$33,573,734$4,495,769$1,874,371$20,027,877
61$36,845,185$4,562,992$1,784,093$21,783,888
62$40,445,503$4,628,687$1,685,969$23,712,579
63$44,408,079$4,692,628$1,579,583$25,831,474
64$48,769,708$4,754,571$1,464,504$28,159,893
65$53,570,931$4,814,258$1,340,278$30,719,124
66$58,856,420$4,871,411$1,206,431$33,532,633
67$64,675,399$4,925,734$1,062,471$36,626,281
68$71,082,105$4,976,911$907,879$40,028,573
69$78,136,305$5,024,605$742,119$43,770,924
70$85,903,854$5,068,456$564,625$47,887,959
71$94,457,319$5,108,082$374,812$52,417,840
72$103,876,662$5,143,075$172,064$57,402,629
73$114,249,996$5,173,000$0$62,888,681
74$125,674,414$5,197,395$0$68,930,400
75$138,256,907$5,215,771$0$75,594,717
76$152,115,371$5,227,603$0$82,930,882
77$167,379,720$5,232,337$0$91,007,355
78$184,193,113$5,229,383$0$99,899,581
79$202,713,304$5,218,116$0$109,690,711
80$223,114,127$5,197,869$0$120,472,381
81$245,587,142$5,167,939$0$132,345,588
82$270,343,439$5,127,577$0$145,421,635
83$297,615,630$5,075,989$0$159,823,190
84$327,660,046$5,012,333$0$175,685,445
85$360,759,151$4,935,719$0$193,157,392
86$397,224,216$4,845,200$0$212,403,234
87$437,398,248$4,739,776$0$233,603,935
88$481,659,231$4,618,387$0$256,958,934
89$530,423,695$4,479,911$0$282,688,028
90$584,150,644$4,323,159$0$311,033,452
91$643,345,890$4,146,873$0$342,262,165
92$708,566,824$3,949,724$0$376,668,379
93$780,427,683$3,730,303$0$414,576,334
94$859,605,342$3,487,123$0$456,343,368
95$946,845,703$3,218,609$0$502,363,291
96$1,042,970,741$2,923,097$0$553,070,109
97$1,148,886,257$2,598,828$0$608,942,124
98$1,265,590,429$2,243,945$0$670,506,454
99$1,394,183,236$1,856,481$0$738,344,019
100$1,535,876,840$1,434,364$0$813,095,023