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%12.2%
1 years$192,409$190,695$189,023$187,391$185,797$184,087
2 years$95,252$93,478$91,759$90,092$88,475$86,752
3 years$62,871$61,089$59,374$57,723$56,132$54,449
4 years$46,683$44,907$43,209$41,586$40,034$38,405
5 years$36,973$35,208$33,532$31,942$30,433$28,862
6 years$30,502$28,750$27,099$25,544$24,081$22,570
7 years$25,881$24,144$22,519$21,001$19,584$18,134
8 years$22,418$20,696$19,098$17,618$16,247$14,858
9 years$19,725$18,019$16,449$15,006$13,682$12,354
10 years$17,572$15,883$14,341$12,936$11,658$10,389
11 years$15,812$14,140$12,625$11,258$10,026$8,816
12 years$14,346$12,691$11,205$9,875$8,689$7,536
13 years$13,107$11,469$10,011$8,718$7,577$6,480
14 years$12,045$10,425$8,995$7,739$6,642$5,600
15 years$11,126$9,524$8,121$6,902$5,848$4,859
16 years$10,323$8,738$7,363$6,180$5,168$4,231
17 years$9,615$8,047$6,700$5,552$4,583$3,695
18 years$8,986$7,436$6,116$5,004$4,075$3,236
19 years$8,424$6,891$5,599$4,521$3,632$2,839
20 years$7,919$6,404$5,139$4,095$3,244$2,496
21 years$7,463$5,965$4,726$3,716$2,903$2,198
22 years$7,048$5,568$4,356$3,379$2,602$1,939
23 years$6,670$5,208$4,022$3,077$2,336$1,712
24 years$6,325$4,879$3,720$2,807$2,099$1,513
25 years$6,007$4,579$3,445$2,563$1,889$1,339
26 years$5,714$4,303$3,195$2,344$1,702$1,186
27 years$5,444$4,050$2,967$2,145$1,534$1,051
28 years$5,193$3,816$2,758$1,966$1,384$932
29 years$4,960$3,600$2,567$1,802$1,250$827
30 years$4,743$3,400$2,391$1,654$1,130$734
31 years$4,540$3,214$2,229$1,519$1,021$652
32 years$4,350$3,041$2,080$1,396$924$579
33 years$4,173$2,880$1,942$1,284$836$515
34 years$4,006$2,730$1,814$1,181$757$457
35 years$3,849$2,589$1,696$1,087$686$407
36 years$3,701$2,457$1,587$1,002$621$362
37 years$3,561$2,334$1,485$923$563$322
38 years$3,429$2,218$1,391$851$510$287
39 years$3,304$2,109$1,303$784$463$255
40 years$3,185$2,007$1,221$723$420$227
41 years$3,073$1,910$1,145$667$381$202
42 years$2,966$1,819$1,074$616$346$180
43 years$2,865$1,733$1,008$569$314$160
44 years$2,768$1,652$946$525$285$143
45 years$2,676$1,576$889$485$258$127
46 years$2,589$1,503$835$448$235$113
47 years$2,505$1,434$784$414$213$101
48 years$2,425$1,369$737$382$194$90
49 years$2,348$1,308$692$353$176$80
50 years$2,275$1,249$651$327$160$71

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 $6,880 every year, while hoping to spend $46,910 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: 61/13/26 Blend
29$2,330,000$2,330,000$2,330,000$2,330,000
30$2,574,757$2,451,267$2,415,152$2,713,509
31$2,787,470$2,521,467$2,446,147$2,878,808
32$3,020,308$2,593,535$2,476,609$3,053,461
33$3,275,273$2,667,512$2,506,470$3,243,092
34$3,554,573$2,743,441$2,535,658$3,449,169
35$3,860,635$2,821,366$2,564,098$3,673,312
36$4,196,135$2,901,329$2,591,711$3,917,305
37$4,564,021$2,983,374$2,618,414$4,183,110
38$4,967,538$3,067,545$2,644,117$4,472,894
39$5,410,259$3,153,888$2,668,727$4,789,038
40$5,896,123$3,242,446$2,692,148$5,134,172
41$6,429,467$3,333,265$2,714,274$5,511,187
42$7,015,068$3,426,391$2,734,997$5,923,274
43$7,658,189$3,521,868$2,754,204$6,373,945
44$8,364,628$3,619,742$2,771,772$6,867,071
45$9,140,769$3,720,059$2,787,577$7,406,918
46$9,993,651$3,822,865$2,801,483$7,998,186
47$10,931,022$3,928,205$2,813,352$8,646,054
48$11,961,424$4,036,124$2,823,037$9,356,229
49$13,094,262$4,146,667$2,830,381$10,135,000
50$14,339,902$4,259,879$2,835,225$10,989,297
51$15,709,764$4,375,805$2,837,396$11,926,757
52$17,216,427$4,494,487$2,836,717$12,955,794
53$18,873,755$4,615,969$2,832,999$14,085,684
54$20,697,020$4,740,293$2,826,046$15,326,645
55$22,703,049$4,867,501$2,815,652$16,689,940
56$24,910,384$4,997,632$2,801,600$18,187,981
57$27,339,453$5,130,726$2,783,663$19,834,444
58$30,012,765$5,266,820$2,761,604$21,644,402
59$32,955,123$5,405,950$2,735,174$23,634,465
60$36,193,855$5,548,151$2,704,112$25,822,941
61$39,759,073$5,693,455$2,668,144$28,230,000
62$43,683,957$5,841,892$2,626,985$30,877,876
63$48,005,066$5,993,491$2,580,335$33,791,068
64$52,762,687$6,148,276$2,527,881$36,996,577
65$58,001,211$6,306,271$2,469,294$40,524,159
66$63,769,550$6,467,494$2,404,231$44,406,604
67$70,121,605$6,631,962$2,332,334$48,680,051
68$77,116,768$6,799,687$2,253,226$53,384,326
69$84,820,484$6,970,678$2,166,515$58,563,319
70$93,304,871$7,144,938$2,071,791$64,265,399
71$102,649,394$7,322,467$1,968,622$70,543,869
72$112,941,623$7,503,259$1,856,562$77,457,474
73$124,278,053$7,687,302$1,735,140$85,070,953
74$136,765,014$7,874,579$1,603,867$93,455,650
75$150,519,678$8,065,067$1,462,230$102,690,189
76$165,671,165$8,258,735$1,309,694$112,861,220
77$182,361,755$8,455,545$1,145,701$124,064,231
78$200,748,238$8,655,450$969,665$136,404,458
79$221,003,388$8,858,397$780,979$149,997,870
80$243,317,596$9,064,321$579,004$164,972,275
81$267,900,668$9,273,149$363,077$181,468,519
82$294,983,799$9,484,797$132,504$199,641,820
83$324,821,764$9,699,169$0$219,663,234
84$357,695,315$9,916,159$0$241,752,776
85$393,913,832$10,135,646$0$266,127,961
86$433,818,246$10,357,496$0$292,981,154
87$477,784,254$10,581,560$0$322,564,883
88$526,225,866$10,807,675$0$355,157,430
89$579,599,313$11,035,659$0$391,065,455
90$638,407,351$11,265,315$0$430,626,894
91$703,204,010$11,496,424$0$474,214,145
92$774,599,819$11,728,749$0$522,237,584
93$853,267,575$11,962,032$0$575,149,439
94$939,948,687$12,195,991$0$633,448,063
95$1,035,460,179$12,430,320$0$697,682,630
96$1,140,702,400$12,664,689$0$768,458,326
97$1,256,667,523$12,898,737$0$846,442,059
98$1,384,448,914$13,132,079$0$932,368,756
99$1,525,251,448$13,364,295$0$1,027,048,299
100$1,680,402,886$13,594,936$0$1,131,373,171