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

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$192,409$190,695$189,023$187,391$185,797$184,549
2 years$95,252$93,478$91,759$90,092$88,475$87,216
3 years$62,871$61,089$59,374$57,723$56,132$54,902
4 years$46,683$44,907$43,209$41,586$40,034$38,841
5 years$36,973$35,208$33,532$31,942$30,433$29,282
6 years$30,502$28,750$27,099$25,544$24,081$22,972
7 years$25,881$24,144$22,519$21,001$19,584$18,519
8 years$22,418$20,696$19,098$17,618$16,247$15,225
9 years$19,725$18,019$16,449$15,006$13,682$12,703
10 years$17,572$15,883$14,341$12,936$11,658$10,722
11 years$15,812$14,140$12,625$11,258$10,026$9,132
12 years$14,346$12,691$11,205$9,875$8,689$7,835
13 years$13,107$11,469$10,011$8,718$7,577$6,763
14 years$12,045$10,425$8,995$7,739$6,642$5,868
15 years$11,126$9,524$8,121$6,902$5,848$5,112
16 years$10,323$8,738$7,363$6,180$5,168$4,470
17 years$9,615$8,047$6,700$5,552$4,583$3,920
18 years$8,986$7,436$6,116$5,004$4,075$3,447
19 years$8,424$6,891$5,599$4,521$3,632$3,038
20 years$7,919$6,404$5,139$4,095$3,244$2,683
21 years$7,463$5,965$4,726$3,716$2,903$2,373
22 years$7,048$5,568$4,356$3,379$2,602$2,102
23 years$6,670$5,208$4,022$3,077$2,336$1,864
24 years$6,325$4,879$3,720$2,807$2,099$1,656
25 years$6,007$4,579$3,445$2,563$1,889$1,472
26 years$5,714$4,303$3,195$2,344$1,702$1,309
27 years$5,444$4,050$2,967$2,145$1,534$1,166
28 years$5,193$3,816$2,758$1,966$1,384$1,039
29 years$4,960$3,600$2,567$1,802$1,250$926
30 years$4,743$3,400$2,391$1,654$1,130$826
31 years$4,540$3,214$2,229$1,519$1,021$737
32 years$4,350$3,041$2,080$1,396$924$658
33 years$4,173$2,880$1,942$1,284$836$588
34 years$4,006$2,730$1,814$1,181$757$525
35 years$3,849$2,589$1,696$1,087$686$470
36 years$3,701$2,457$1,587$1,002$621$420
37 years$3,561$2,334$1,485$923$563$375
38 years$3,429$2,218$1,391$851$510$336
39 years$3,304$2,109$1,303$784$463$300
40 years$3,185$2,007$1,221$723$420$269
41 years$3,073$1,910$1,145$667$381$241
42 years$2,966$1,819$1,074$616$346$215
43 years$2,865$1,733$1,008$569$314$193
44 years$2,768$1,652$946$525$285$173
45 years$2,676$1,576$889$485$258$154
46 years$2,589$1,503$835$448$235$138
47 years$2,505$1,434$784$414$213$124
48 years$2,425$1,369$737$382$194$111
49 years$2,348$1,308$692$353$176$99
50 years$2,275$1,249$651$327$160$89

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 $6,182 every year, while hoping to spend $29,219 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: 76/9/15 Blend
29$2,330,000$2,330,000$2,330,000$2,330,000
30$2,574,037$2,450,547$2,414,432$2,760,906
31$2,805,500$2,539,535$2,464,226$2,974,140
32$3,059,593$2,631,904$2,514,710$3,203,579
33$3,338,593$2,727,789$2,565,874$3,454,320
34$3,645,009$2,827,330$2,617,711$3,728,474
35$3,981,605$2,930,675$2,670,209$4,028,368
36$4,351,425$3,037,974$2,723,358$4,356,566
37$4,757,823$3,149,388$2,777,143$4,715,889
38$5,204,494$3,265,081$2,831,551$5,109,444
39$5,695,509$3,385,226$2,886,564$5,540,656
40$6,235,353$3,510,004$2,942,165$6,013,295
41$6,828,966$3,639,601$2,998,335$6,531,513
42$7,481,791$3,774,213$3,055,050$7,099,885
43$8,199,828$3,914,043$3,112,288$7,723,450
44$8,989,684$4,059,304$3,170,023$8,407,757
45$9,858,639$4,210,218$3,228,227$9,158,923
46$10,814,716$4,367,014$3,286,868$9,983,682
47$11,866,753$4,529,934$3,345,914$10,889,455
48$13,024,490$4,699,229$3,405,330$11,884,417
49$14,298,657$4,875,160$3,465,078$12,977,573
50$15,701,077$5,058,000$3,525,115$14,178,846
51$17,244,779$5,248,034$3,585,398$15,499,167
52$18,944,117$5,445,558$3,645,880$16,950,580
53$20,814,910$5,650,883$3,706,510$18,546,353
54$22,874,586$5,864,332$3,767,233$20,301,107
55$25,142,350$6,086,241$3,827,992$22,230,948
56$27,639,365$6,316,962$3,888,725$24,353,625
57$30,388,949$6,556,862$3,949,366$26,688,691
58$33,416,798$6,806,323$4,009,845$29,257,693
59$36,751,224$7,065,746$4,070,088$32,084,370
60$40,423,428$7,335,547$4,130,015$35,194,879
61$44,467,789$7,616,161$4,189,543$38,618,043
62$48,922,193$7,908,041$4,248,581$42,385,620
63$53,828,384$8,211,663$4,307,036$46,532,603
64$59,232,365$8,527,520$4,364,808$51,097,551
65$65,184,826$8,856,129$4,421,789$56,122,951
66$71,741,628$9,198,029$4,477,868$61,655,620
67$78,964,324$9,553,782$4,532,927$67,747,146
68$86,920,744$9,923,976$4,586,838$74,454,375
69$95,685,633$10,309,224$4,639,471$81,839,944
70$105,341,359$10,710,168$4,690,685$89,972,877
71$115,978,686$11,127,475$4,740,331$98,929,231
72$127,697,635$11,561,844$4,788,255$108,792,818
73$140,608,424$12,014,004$4,834,292$119,655,991
74$154,832,511$12,484,718$4,878,268$131,620,519
75$170,503,738$12,974,780$4,920,002$144,798,545
76$187,769,598$13,485,023$4,959,300$159,313,645
77$206,792,621$14,016,313$4,995,961$175,301,994
78$227,751,914$14,569,558$5,029,771$192,913,649
79$250,844,848$15,145,705$5,060,507$212,313,968
80$276,288,922$15,745,744$5,087,934$233,685,167
81$304,323,815$16,370,709$5,111,802$257,228,043
82$335,213,650$17,021,679$5,131,854$283,163,866
83$369,249,486$17,699,785$5,147,814$311,736,467
84$406,752,064$18,406,205$5,159,397$343,214,543
85$448,074,838$19,142,173$5,166,300$377,894,186
86$493,607,308$19,908,975$5,168,207$416,101,684
87$543,778,698$20,707,960$5,164,787$458,196,597
88$599,062,009$21,540,533$5,155,690$504,575,152
89$659,978,480$22,408,166$5,140,553$555,673,981
90$727,102,514$23,312,395$5,118,990$611,974,242
91$801,067,096$24,254,828$5,090,602$674,006,163
92$882,569,769$25,237,143$5,054,966$742,354,045
93$972,379,220$26,261,098$5,011,642$817,661,777
94$1,071,342,537$27,328,528$4,960,168$900,638,913
95$1,180,393,202$28,441,352$4,900,060$992,067,370
96$1,300,559,907$29,601,576$4,830,810$1,092,808,810
97$1,432,976,263$30,811,300$4,751,889$1,203,812,771
98$1,578,891,505$32,072,716$4,662,739$1,326,125,633
99$1,739,682,278$33,388,119$4,562,781$1,460,900,493
100$1,916,865,641$34,759,908$4,451,405$1,609,408,050