Can I retire at age 30 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$192,409$190,695$189,023$187,391$185,797$184,318
2 years$95,252$93,478$91,759$90,092$88,475$86,983
3 years$62,871$61,089$59,374$57,723$56,132$54,675
4 years$46,683$44,907$43,209$41,586$40,034$38,622
5 years$36,973$35,208$33,532$31,942$30,433$29,071
6 years$30,502$28,750$27,099$25,544$24,081$22,770
7 years$25,881$24,144$22,519$21,001$19,584$18,325
8 years$22,418$20,696$19,098$17,618$16,247$15,040
9 years$19,725$18,019$16,449$15,006$13,682$12,527
10 years$17,572$15,883$14,341$12,936$11,658$10,554
11 years$15,812$14,140$12,625$11,258$10,026$8,973
12 years$14,346$12,691$11,205$9,875$8,689$7,684
13 years$13,107$11,469$10,011$8,718$7,577$6,620
14 years$12,045$10,425$8,995$7,739$6,642$5,732
15 years$11,126$9,524$8,121$6,902$5,848$4,984
16 years$10,323$8,738$7,363$6,180$5,168$4,349
17 years$9,615$8,047$6,700$5,552$4,583$3,806
18 years$8,986$7,436$6,116$5,004$4,075$3,340
19 years$8,424$6,891$5,599$4,521$3,632$2,937
20 years$7,919$6,404$5,139$4,095$3,244$2,588
21 years$7,463$5,965$4,726$3,716$2,903$2,284
22 years$7,048$5,568$4,356$3,379$2,602$2,019
23 years$6,670$5,208$4,022$3,077$2,336$1,787
24 years$6,325$4,879$3,720$2,807$2,099$1,583
25 years$6,007$4,579$3,445$2,563$1,889$1,404
26 years$5,714$4,303$3,195$2,344$1,702$1,246
27 years$5,444$4,050$2,967$2,145$1,534$1,107
28 years$5,193$3,816$2,758$1,966$1,384$984
29 years$4,960$3,600$2,567$1,802$1,250$875
30 years$4,743$3,400$2,391$1,654$1,130$779
31 years$4,540$3,214$2,229$1,519$1,021$693
32 years$4,350$3,041$2,080$1,396$924$617
33 years$4,173$2,880$1,942$1,284$836$550
34 years$4,006$2,730$1,814$1,181$757$490
35 years$3,849$2,589$1,696$1,087$686$437
36 years$3,701$2,457$1,587$1,002$621$390
37 years$3,561$2,334$1,485$923$563$348
38 years$3,429$2,218$1,391$851$510$310
39 years$3,304$2,109$1,303$784$463$277
40 years$3,185$2,007$1,221$723$420$247
41 years$3,073$1,910$1,145$667$381$221
42 years$2,966$1,819$1,074$616$346$197
43 years$2,865$1,733$1,008$569$314$176
44 years$2,768$1,652$946$525$285$157
45 years$2,676$1,576$889$485$258$140
46 years$2,589$1,503$835$448$235$125
47 years$2,505$1,434$784$414$213$112
48 years$2,425$1,369$737$382$194$100
49 years$2,348$1,308$692$353$176$89
50 years$2,275$1,249$651$327$160$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,330,000, adding $3,180 every year, while hoping to spend $37,101 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: 53/34/13 Blend
29$2,330,000$2,330,000$2,330,000$2,330,000
30$2,570,940$2,447,450$2,411,335$2,698,220
31$2,793,701$2,527,900$2,452,640$2,865,778
32$3,037,940$2,611,049$2,494,085$3,043,745
33$3,305,808$2,696,989$2,535,635$3,236,527
34$3,599,676$2,785,817$2,577,255$3,445,536
35$3,922,154$2,877,633$2,618,903$3,672,328
36$4,276,117$2,972,540$2,660,540$3,918,613
37$4,664,733$3,070,646$2,702,119$4,186,273
38$5,091,489$3,172,061$2,743,594$4,477,380
39$5,560,229$3,276,900$2,784,913$4,794,212
40$6,075,187$3,385,283$2,826,022$5,139,277
41$6,641,027$3,497,333$2,866,865$5,515,336
42$7,262,887$3,613,178$2,907,380$5,925,428
43$7,946,428$3,732,950$2,947,504$6,372,896
44$8,697,886$3,856,786$2,987,167$6,861,425
45$9,524,132$3,984,830$3,026,299$7,395,067
46$10,432,735$4,117,229$3,064,821$7,978,287
47$11,432,036$4,254,134$3,102,655$8,615,999
48$12,531,223$4,395,706$3,139,713$9,313,616
49$13,740,420$4,542,108$3,175,906$10,077,096
50$15,070,782$4,693,511$3,211,138$10,913,004
51$16,534,600$4,850,091$3,245,309$11,828,566
52$18,145,415$5,012,031$3,278,312$12,831,744
53$19,918,148$5,179,521$3,310,037$13,931,305
54$21,869,239$5,352,759$3,340,363$15,136,905
55$24,016,805$5,531,947$3,369,168$16,459,182
56$26,380,804$5,717,297$3,396,321$17,909,851
57$28,983,231$5,909,030$3,421,683$19,501,819
58$31,848,321$6,107,373$3,445,110$21,249,301
59$35,002,778$6,312,562$3,466,448$23,167,958
60$38,476,025$6,524,842$3,485,539$25,275,042
61$42,300,487$6,744,467$3,502,212$27,589,558
62$46,511,892$6,971,700$3,516,291$30,132,445
63$51,149,607$7,206,816$3,527,589$32,926,767
64$56,257,015$7,450,098$3,535,911$35,997,939
65$61,881,918$7,701,840$3,541,051$39,373,956
66$68,076,992$7,962,348$3,542,795$43,085,666
67$74,900,281$8,231,940$3,540,915$47,167,053
68$82,415,748$8,510,943$3,535,174$51,655,560
69$90,693,876$8,799,701$3,525,323$56,592,442
70$99,812,332$9,098,567$3,511,102$62,023,153
71$109,856,702$9,407,909$3,492,236$67,997,776
72$120,921,299$9,728,109$3,468,439$74,571,493
73$133,110,049$10,059,565$3,439,410$81,805,104
74$146,537,478$10,402,687$3,404,834$89,765,604
75$161,329,786$10,757,904$3,364,381$98,526,810
76$177,626,042$11,125,659$3,317,706$108,170,060
77$195,579,495$11,506,414$3,264,447$118,784,975
78$215,359,023$11,900,647$3,204,224$130,470,310
79$237,150,720$12,308,855$3,136,643$143,334,882
80$261,159,660$12,731,556$3,061,287$157,498,593
81$287,611,829$13,169,285$2,977,723$173,093,567
82$316,756,256$13,622,601$2,885,497$190,265,389
83$348,867,367$14,092,081$2,784,135$209,174,485
84$384,247,573$14,578,329$2,673,138$229,997,629
85$423,230,127$15,081,968$2,551,989$252,929,613
86$466,182,264$15,603,648$2,420,145$278,185,085
87$513,508,672$16,144,045$2,277,038$306,000,572
88$565,655,313$16,703,859$2,122,074$336,636,712
89$623,113,627$17,283,820$1,954,636$370,380,715
90$686,425,175$17,884,685$1,774,074$407,549,067
91$756,186,751$18,507,243$1,579,714$448,490,523
92$833,056,013$19,152,311$1,370,848$493,589,392
93$917,757,693$19,820,742$1,146,738$543,269,167
94$1,011,090,439$20,513,419$906,615$597,996,518
95$1,113,934,351$21,231,264$649,674$658,285,697
96$1,227,259,292$21,975,233$375,075$724,703,391
97$1,352,134,041$22,746,321$81,942$797,874,070
98$1,489,736,385$23,545,562$0$878,485,879
99$1,641,364,236$24,374,034$0$967,329,157
100$1,808,447,881$25,232,855$0$1,065,221,731