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

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$193,235$191,514$189,834$188,195$186,595$183,353
2 years$95,661$93,879$92,153$90,479$88,855$85,599
3 years$63,140$61,351$59,629$57,970$56,373$53,205
4 years$46,883$45,100$43,395$41,764$40,206$37,150
5 years$37,132$35,359$33,676$32,079$30,564$27,629
6 years$30,633$28,873$27,215$25,654$24,184$21,373
7 years$25,992$24,247$22,616$21,092$19,668$16,982
8 years$22,514$20,785$19,180$17,693$16,317$13,755
9 years$19,810$18,097$16,520$15,071$13,741$11,302
10 years$17,647$15,951$14,402$12,991$11,708$9,390
11 years$15,880$14,201$12,680$11,306$10,069$7,869
12 years$14,408$12,746$11,253$9,917$8,726$6,641
13 years$13,163$11,518$10,054$8,755$7,609$5,637
14 years$12,097$10,470$9,033$7,772$6,670$4,806
15 years$11,174$9,564$8,156$6,931$5,873$4,114
16 years$10,367$8,775$7,394$6,206$5,190$3,533
17 years$9,656$8,082$6,729$5,576$4,602$3,043
18 years$9,024$7,468$6,142$5,025$4,092$2,626
19 years$8,460$6,921$5,623$4,541$3,647$2,271
20 years$7,953$6,431$5,161$4,112$3,258$1,967
21 years$7,495$5,991$4,747$3,732$2,915$1,707
22 years$7,078$5,592$4,375$3,394$2,613$1,482
23 years$6,699$5,230$4,039$3,091$2,346$1,289
24 years$6,352$4,900$3,736$2,819$2,108$1,122
25 years$6,033$4,599$3,460$2,574$1,897$977
26 years$5,739$4,322$3,209$2,354$1,709$852
27 years$5,467$4,067$2,980$2,154$1,541$743
28 years$5,215$3,833$2,770$1,974$1,390$648
29 years$4,981$3,616$2,578$1,810$1,255$566
30 years$4,763$3,415$2,401$1,661$1,134$494
31 years$4,560$3,228$2,239$1,526$1,026$432
32 years$4,369$3,054$2,089$1,402$928$377
33 years$4,191$2,893$1,950$1,289$840$330
34 years$4,023$2,741$1,822$1,186$760$288
35 years$3,865$2,600$1,704$1,092$688$252
36 years$3,716$2,468$1,594$1,006$624$220
37 years$3,576$2,344$1,492$927$565$193
38 years$3,444$2,228$1,397$854$513$169
39 years$3,318$2,118$1,309$788$465$148
40 years$3,199$2,015$1,227$726$422$129
41 years$3,086$1,918$1,150$670$382$113
42 years$2,979$1,827$1,079$619$347$99
43 years$2,877$1,741$1,012$571$315$87
44 years$2,780$1,659$950$527$286$76
45 years$2,688$1,582$892$487$260$66
46 years$2,600$1,510$838$450$236$58
47 years$2,516$1,441$787$416$214$51
48 years$2,435$1,375$740$384$194$44
49 years$2,358$1,313$695$355$177$39
50 years$2,285$1,254$654$328$160$34

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 $6,031 every year, while hoping to spend $29,956 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: 49/28/23 Blend
29$2,340,000$2,340,000$2,340,000$2,340,000
30$2,584,901$2,460,881$2,424,611$2,694,503
31$2,816,688$2,549,591$2,473,962$2,860,170
32$3,071,113$2,641,644$2,523,963$3,036,550
33$3,350,454$2,737,172$2,574,603$3,227,558
34$3,657,220$2,836,313$2,625,872$3,434,588
35$3,994,173$2,939,209$2,677,756$3,659,171
36$4,364,360$3,046,011$2,730,241$3,902,991
37$4,771,133$3,156,874$2,783,313$4,167,902
38$5,218,187$3,271,960$2,836,953$4,455,942
39$5,709,594$3,391,438$2,891,142$4,769,355
40$6,249,837$3,515,483$2,945,860$5,110,609
41$6,843,858$3,644,279$3,001,084$5,482,420
42$7,497,100$3,778,017$3,056,789$5,887,778
43$8,215,560$3,916,896$3,112,947$6,329,974
44$9,005,847$4,061,124$3,169,531$6,812,630
45$9,875,240$4,210,916$3,226,507$7,339,733
46$10,831,762$4,366,498$3,283,842$7,915,672
47$11,884,250$4,528,104$3,341,499$8,545,281
48$13,042,443$4,695,981$3,399,439$9,233,881
49$14,317,070$4,870,382$3,457,618$9,987,331
50$15,719,955$5,051,575$3,515,992$10,812,081
51$17,264,124$5,239,836$3,574,512$11,715,238
52$18,963,932$5,435,454$3,633,125$12,704,623
53$20,835,194$5,638,733$3,691,776$13,788,853
54$22,895,339$5,849,986$3,750,405$14,977,418
55$25,163,570$6,069,541$3,808,949$16,280,767
56$27,661,046$6,297,741$3,867,342$17,710,412
57$30,411,085$6,534,943$3,925,510$19,279,032
58$33,439,380$6,781,519$3,983,379$21,000,591
59$36,774,241$7,037,857$4,040,866$22,890,472
60$40,446,865$7,304,364$4,097,887$24,965,619
61$44,491,629$7,581,462$4,154,349$27,244,697
62$48,946,413$7,869,591$4,210,158$29,748,269
63$53,852,959$8,169,213$4,265,210$32,498,984
64$59,257,265$8,480,808$4,319,398$35,521,797
65$65,210,015$8,804,877$4,372,608$38,844,196
66$71,767,064$9,141,943$4,424,718$42,496,467
67$78,989,959$9,492,553$4,475,600$46,511,975
68$86,946,524$9,857,277$4,525,121$50,927,477
69$95,711,494$10,236,709$4,573,138$55,783,472
70$105,367,230$10,631,471$4,619,501$61,124,579
71$116,004,485$11,042,210$4,664,052$66,999,957
72$127,723,268$11,469,604$4,706,624$73,463,767
73$140,633,787$11,914,360$4,747,041$80,575,686
74$154,857,485$12,377,216$4,785,119$88,401,464
75$170,528,190$12,858,941$4,820,662$97,013,544
76$187,793,378$13,360,342$4,853,467$106,491,750
77$206,815,561$13,882,257$4,883,316$116,924,030
78$227,773,825$14,425,564$4,909,984$128,407,292
79$250,865,519$14,991,181$4,933,233$141,048,312
80$276,308,117$15,580,064$4,952,811$154,964,744
81$304,341,271$16,193,213$4,968,456$170,286,227
82$335,229,073$16,831,673$4,979,892$187,155,607
83$369,262,548$17,496,535$4,986,828$205,730,284
84$406,762,401$18,188,938$4,988,960$226,183,693
85$448,082,044$18,910,074$4,985,968$248,706,946
86$493,610,931$19,661,186$4,977,517$273,510,625
87$543,778,238$20,443,576$4,963,255$300,826,775
88$599,056,908$21,258,601$4,942,814$330,911,089
89$659,968,120$22,107,680$4,915,806$364,045,317
90$727,086,210$22,992,298$4,881,827$400,539,929
91$801,044,087$23,914,005$4,840,452$440,737,039
92$882,539,213$24,874,420$4,791,236$485,013,633
93$972,340,184$25,875,237$4,733,713$533,785,123
94$1,071,293,985$26,918,227$4,667,396$587,509,270
95$1,180,333,991$28,005,238$4,591,772$646,690,499
96$1,300,488,769$29,138,206$4,506,308$711,884,658
97$1,432,891,797$30,319,152$4,410,443$783,704,263
98$1,578,792,159$31,550,189$4,303,591$862,824,276
99$1,739,566,337$32,833,527$4,185,140$949,988,476
100$1,916,731,210$34,171,476$4,054,448$1,046,016,470