Can I retire at age 30 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$193,235$191,514$189,834$188,195$186,595$182,827
2 years$95,661$93,879$92,153$90,479$88,855$85,076
3 years$63,140$61,351$59,629$57,970$56,373$52,700
4 years$46,883$45,100$43,395$41,764$40,206$36,667
5 years$37,132$35,359$33,676$32,079$30,564$27,170
6 years$30,633$28,873$27,215$25,654$24,184$20,938
7 years$25,992$24,247$22,616$21,092$19,668$16,571
8 years$22,514$20,785$19,180$17,693$16,317$13,368
9 years$19,810$18,097$16,520$15,071$13,741$10,938
10 years$17,647$15,951$14,402$12,991$11,708$9,049
11 years$15,880$14,201$12,680$11,306$10,069$7,550
12 years$14,408$12,746$11,253$9,917$8,726$6,343
13 years$13,163$11,518$10,054$8,755$7,609$5,359
14 years$12,097$10,470$9,033$7,772$6,670$4,548
15 years$11,174$9,564$8,156$6,931$5,873$3,874
16 years$10,367$8,775$7,394$6,206$5,190$3,311
17 years$9,656$8,082$6,729$5,576$4,602$2,837
18 years$9,024$7,468$6,142$5,025$4,092$2,436
19 years$8,460$6,921$5,623$4,541$3,647$2,096
20 years$7,953$6,431$5,161$4,112$3,258$1,806
21 years$7,495$5,991$4,747$3,732$2,915$1,558
22 years$7,078$5,592$4,375$3,394$2,613$1,346
23 years$6,699$5,230$4,039$3,091$2,346$1,164
24 years$6,352$4,900$3,736$2,819$2,108$1,008
25 years$6,033$4,599$3,460$2,574$1,897$873
26 years$5,739$4,322$3,209$2,354$1,709$756
27 years$5,467$4,067$2,980$2,154$1,541$656
28 years$5,215$3,833$2,770$1,974$1,390$569
29 years$4,981$3,616$2,578$1,810$1,255$494
30 years$4,763$3,415$2,401$1,661$1,134$429
31 years$4,560$3,228$2,239$1,526$1,026$373
32 years$4,369$3,054$2,089$1,402$928$324
33 years$4,191$2,893$1,950$1,289$840$281
34 years$4,023$2,741$1,822$1,186$760$244
35 years$3,865$2,600$1,704$1,092$688$213
36 years$3,716$2,468$1,594$1,006$624$185
37 years$3,576$2,344$1,492$927$565$161
38 years$3,444$2,228$1,397$854$513$140
39 years$3,318$2,118$1,309$788$465$122
40 years$3,199$2,015$1,227$726$422$106
41 years$3,086$1,918$1,150$670$382$92
42 years$2,979$1,827$1,079$619$347$80
43 years$2,877$1,741$1,012$571$315$70
44 years$2,780$1,659$950$527$286$61
45 years$2,688$1,582$892$487$260$53
46 years$2,600$1,510$838$450$236$46
47 years$2,516$1,441$787$416$214$40
48 years$2,435$1,375$740$384$194$35
49 years$2,358$1,313$695$355$177$30
50 years$2,285$1,254$654$328$160$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,340,000, adding $2,849 every year, while hoping to spend $57,105 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: 47/36/17 Blend
29$2,340,000$2,340,000$2,340,000$2,340,000
30$2,581,619$2,457,599$2,421,329$2,690,417
31$2,784,185$2,517,262$2,441,684$2,825,982
32$3,005,498$2,577,934$2,460,807$2,967,017
33$3,247,412$2,639,606$2,478,597$3,118,870
34$3,511,964$2,702,263$2,494,946$3,282,571
35$3,801,400$2,765,889$2,509,742$3,459,259
36$4,118,192$2,830,467$2,522,868$3,650,186
37$4,465,061$2,895,974$2,534,198$3,856,731
38$4,845,006$2,962,385$2,543,602$4,080,416
39$5,261,327$3,029,673$2,550,943$4,322,916
40$5,717,660$3,097,804$2,556,078$4,586,075
41$6,218,009$3,166,744$2,558,854$4,871,928
42$6,766,784$3,236,453$2,559,113$5,182,717
43$7,368,842$3,306,884$2,556,689$5,520,911
44$8,029,533$3,377,991$2,551,407$5,889,231
45$8,754,749$3,449,717$2,543,084$6,290,678
46$9,550,984$3,522,003$2,531,527$6,728,558
47$10,425,387$3,594,783$2,516,536$7,206,515
48$11,385,835$3,667,986$2,497,899$7,728,563
49$12,441,006$3,741,534$2,475,394$8,299,130
50$13,600,460$3,815,340$2,448,791$8,923,094
51$14,874,728$3,889,313$2,417,847$9,605,833
52$16,275,412$3,963,352$2,382,307$10,353,273
53$17,815,296$4,037,347$2,341,906$11,171,947
54$19,508,461$4,111,182$2,296,364$12,069,056
55$21,370,423$4,184,729$2,245,391$13,052,538
56$23,418,276$4,257,851$2,188,682$14,131,140
57$25,670,854$4,330,400$2,125,917$15,314,507
58$28,148,909$4,402,217$2,056,763$16,613,267
59$30,875,303$4,473,131$1,980,870$18,039,137
60$33,875,229$4,542,960$1,897,874$19,605,032
61$37,176,442$4,611,505$1,807,393$21,325,186
62$40,809,527$4,678,556$1,709,028$23,215,290
63$44,808,180$4,743,886$1,602,362$25,292,640
64$49,209,532$4,807,255$1,486,959$27,576,300
65$54,054,497$4,868,402$1,362,364$30,087,281
66$59,388,153$4,927,052$1,228,102$32,848,746
67$65,260,176$4,982,909$1,083,674$35,886,224
68$71,725,300$5,035,657$928,563$39,227,854
69$78,843,837$5,084,961$762,226$42,904,653
70$86,682,245$5,130,460$584,097$46,950,808
71$95,313,755$5,171,774$393,586$51,404,000
72$104,819,062$5,208,495$190,075$56,305,761
73$115,287,085$5,240,189$0$61,701,871
74$126,815,804$5,266,396$0$67,647,704
75$139,513,191$5,286,623$0$74,231,069
76$153,498,219$5,300,351$0$81,478,876
77$168,901,992$5,307,023$0$89,458,819
78$185,868,980$5,306,052$0$98,245,501
79$204,558,378$5,296,810$0$107,921,140
80$225,145,614$5,278,636$0$118,576,344
81$247,824,000$5,250,822$0$130,310,970
82$272,806,558$5,212,622$0$143,235,068
83$300,328,028$5,163,242$0$157,469,918
84$330,647,087$5,101,841$0$173,149,182
85$364,048,787$5,027,528$0$190,420,161
86$400,847,245$4,939,358$0$209,445,191
87$441,388,608$4,836,331$0$230,403,177
88$486,054,321$4,717,386$0$253,491,283
89$535,264,724$4,581,401$0$278,926,795
90$589,483,024$4,427,188$0$306,949,177
91$649,219,662$4,253,489$0$337,822,330
92$715,037,132$4,058,974$0$371,837,089
93$787,555,291$3,842,236$0$409,313,970
94$867,457,210$3,601,785$0$450,606,199
95$955,495,621$3,336,047$0$496,103,049
96$1,052,500,019$3,043,358$0$546,233,522
97$1,159,384,496$2,721,959$0$601,470,394
98$1,277,156,369$2,369,989$0$662,334,693
99$1,406,925,685$1,985,484$0$729,400,611
100$1,549,915,701$1,566,369$0$803,300,939