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%13.2%
1 years$192,409$190,695$189,023$187,391$185,797$183,324
2 years$95,252$93,478$91,759$90,092$88,475$85,987
3 years$62,871$61,089$59,374$57,723$56,132$53,707
4 years$46,683$44,907$43,209$41,586$40,034$37,690
5 years$36,973$35,208$33,532$31,942$30,433$28,177
6 years$30,502$28,750$27,099$25,544$24,081$21,916
7 years$25,881$24,144$22,519$21,001$19,584$17,511
8 years$22,418$20,696$19,098$17,618$16,247$14,265
9 years$19,725$18,019$16,449$15,006$13,682$11,791
10 years$17,572$15,883$14,341$12,936$11,658$9,856
11 years$15,812$14,140$12,625$11,258$10,026$8,312
12 years$14,346$12,691$11,205$9,875$8,689$7,060
13 years$13,107$11,469$10,011$8,718$7,577$6,032
14 years$12,045$10,425$8,995$7,739$6,642$5,178
15 years$11,126$9,524$8,121$6,902$5,848$4,463
16 years$10,323$8,738$7,363$6,180$5,168$3,859
17 years$9,615$8,047$6,700$5,552$4,583$3,347
18 years$8,986$7,436$6,116$5,004$4,075$2,910
19 years$8,424$6,891$5,599$4,521$3,632$2,535
20 years$7,919$6,404$5,139$4,095$3,244$2,212
21 years$7,463$5,965$4,726$3,716$2,903$1,934
22 years$7,048$5,568$4,356$3,379$2,602$1,693
23 years$6,670$5,208$4,022$3,077$2,336$1,483
24 years$6,325$4,879$3,720$2,807$2,099$1,301
25 years$6,007$4,579$3,445$2,563$1,889$1,142
26 years$5,714$4,303$3,195$2,344$1,702$1,003
27 years$5,444$4,050$2,967$2,145$1,534$882
28 years$5,193$3,816$2,758$1,966$1,384$776
29 years$4,960$3,600$2,567$1,802$1,250$683
30 years$4,743$3,400$2,391$1,654$1,130$601
31 years$4,540$3,214$2,229$1,519$1,021$530
32 years$4,350$3,041$2,080$1,396$924$467
33 years$4,173$2,880$1,942$1,284$836$411
34 years$4,006$2,730$1,814$1,181$757$363
35 years$3,849$2,589$1,696$1,087$686$320
36 years$3,701$2,457$1,587$1,002$621$282
37 years$3,561$2,334$1,485$923$563$249
38 years$3,429$2,218$1,391$851$510$220
39 years$3,304$2,109$1,303$784$463$194
40 years$3,185$2,007$1,221$723$420$171
41 years$3,073$1,910$1,145$667$381$151
42 years$2,966$1,819$1,074$616$346$133
43 years$2,865$1,733$1,008$569$314$118
44 years$2,768$1,652$946$525$285$104
45 years$2,676$1,576$889$485$258$92
46 years$2,589$1,503$835$448$235$81
47 years$2,505$1,434$784$414$213$71
48 years$2,425$1,369$737$382$194$63
49 years$2,348$1,308$692$353$176$56
50 years$2,275$1,249$651$327$160$49

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 $6,799 every year, while hoping to spend $49,489 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: 49/44/7 Blend
29$2,330,000$2,330,000$2,330,000$2,330,000
30$2,574,673$2,451,183$2,415,068$2,695,840
31$2,784,634$2,518,635$2,443,317$2,846,800
32$3,014,352$2,587,734$2,470,854$3,004,851
33$3,265,790$2,658,507$2,497,602$3,175,351
34$3,541,111$2,730,984$2,523,481$3,359,473
35$3,842,693$2,805,191$2,548,407$3,558,511
36$4,173,160$2,881,157$2,572,290$3,773,885
37$4,535,397$2,958,909$2,595,037$4,007,162
38$4,932,584$3,038,472$2,616,547$4,260,062
39$5,368,223$3,119,873$2,636,717$4,534,481
40$5,846,172$3,203,137$2,655,438$4,832,507
41$6,370,680$3,288,288$2,672,592$5,156,436
42$6,946,425$3,375,350$2,688,060$5,508,797
43$7,578,563$3,464,345$2,701,713$5,892,375
44$8,272,772$3,555,294$2,713,416$6,310,238
45$9,035,309$3,648,218$2,723,030$6,765,761
46$9,873,064$3,743,134$2,730,404$7,262,664
47$10,793,629$3,840,059$2,735,385$7,805,043
48$11,805,366$3,939,010$2,737,808$8,397,409
49$12,917,492$4,039,999$2,737,503$9,044,733
50$14,140,155$4,143,038$2,734,288$9,752,487
51$15,484,539$4,248,136$2,727,976$10,526,701
52$16,962,967$4,355,299$2,718,367$11,374,017
53$18,589,013$4,464,532$2,705,256$12,301,754
54$20,377,634$4,575,836$2,688,424$13,317,971
55$22,345,310$4,689,209$2,667,643$14,431,552
56$24,510,197$4,804,646$2,642,675$15,652,280
57$26,892,301$4,922,137$2,613,268$16,990,937
58$29,513,664$5,041,671$2,579,161$18,459,399
59$32,398,574$5,163,229$2,540,080$20,070,756
60$35,573,793$5,286,792$2,495,737$21,839,426
61$39,068,807$5,412,331$2,445,831$23,781,298
62$42,916,106$5,539,817$2,390,047$25,913,880
63$47,151,492$5,669,211$2,328,057$28,256,463
64$51,814,413$5,800,470$2,259,515$30,830,303
65$56,948,335$5,933,546$2,184,061$33,658,823
66$62,601,157$6,068,381$2,101,318$36,767,834
67$68,825,655$6,204,912$2,010,893$40,185,776
68$75,679,986$6,343,067$1,912,372$43,943,992
69$83,228,234$6,482,766$1,805,326$48,077,016
70$91,541,012$6,623,920$1,689,303$52,622,906
71$100,696,135$6,766,432$1,563,834$57,623,600
72$110,779,345$6,910,191$1,428,427$63,125,313
73$121,885,127$7,055,079$1,282,568$69,178,973
74$134,117,597$7,200,965$1,125,720$75,840,701
75$147,591,484$7,347,705$957,325$83,172,342
76$162,433,216$7,495,143$776,795$91,242,051
77$178,782,107$7,643,108$583,521$100,124,933
78$196,791,678$7,791,416$376,865$109,903,754
79$216,631,099$7,939,866$156,160$120,669,722
80$238,486,792$8,088,239$0$132,523,352
81$262,564,183$8,236,302$0$145,581,338
82$289,089,649$8,383,799$0$159,972,649
83$318,312,645$8,530,458$0$175,820,187
84$350,508,066$8,675,981$0$193,272,251
85$385,978,837$8,820,053$0$212,492,269
86$425,058,774$8,962,331$0$233,660,337
87$468,115,733$9,102,449$0$256,974,920
88$515,555,081$9,240,013$0$282,654,728
89$567,823,527$9,374,601$0$310,940,779
90$625,413,332$9,505,762$0$342,098,676
91$688,866,959$9,633,011$0$376,421,114
92$758,782,192$9,755,832$0$414,230,647
93$835,817,779$9,873,671$0$455,882,731
94$920,699,650$9,985,938$0$501,769,079
95$1,014,227,768$10,092,003$0$552,321,365
96$1,117,283,681$10,191,192$0$608,015,298
97$1,230,838,846$10,282,789$0$669,375,112
98$1,355,963,792$10,366,030$0$736,978,521
99$1,493,838,234$10,440,100$0$811,462,170
100$1,645,762,201$10,504,133$0$893,527,650