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%11.2%
1 years$193,235$191,514$189,834$188,195$186,595$185,652
2 years$95,661$93,879$92,153$90,479$88,855$87,904
3 years$63,140$61,351$59,629$57,970$56,373$55,443
4 years$46,883$45,100$43,395$41,764$40,206$39,303
5 years$37,132$35,359$33,676$32,079$30,564$29,692
6 years$30,633$28,873$27,215$25,654$24,184$23,344
7 years$25,992$24,247$22,616$21,092$19,668$18,860
8 years$22,514$20,785$19,180$17,693$16,317$15,541
9 years$19,810$18,097$16,520$15,071$13,741$12,997
10 years$17,647$15,951$14,402$12,991$11,708$10,996
11 years$15,880$14,201$12,680$11,306$10,069$9,388
12 years$14,408$12,746$11,253$9,917$8,726$8,075
13 years$13,163$11,518$10,054$8,755$7,609$6,989
14 years$12,097$10,470$9,033$7,772$6,670$6,079
15 years$11,174$9,564$8,156$6,931$5,873$5,310
16 years$10,367$8,775$7,394$6,206$5,190$4,656
17 years$9,656$8,082$6,729$5,576$4,602$4,095
18 years$9,024$7,468$6,142$5,025$4,092$3,610
19 years$8,460$6,921$5,623$4,541$3,647$3,191
20 years$7,953$6,431$5,161$4,112$3,258$2,826
21 years$7,495$5,991$4,747$3,732$2,915$2,507
22 years$7,078$5,592$4,375$3,394$2,613$2,227
23 years$6,699$5,230$4,039$3,091$2,346$1,982
24 years$6,352$4,900$3,736$2,819$2,108$1,765
25 years$6,033$4,599$3,460$2,574$1,897$1,574
26 years$5,739$4,322$3,209$2,354$1,709$1,405
27 years$5,467$4,067$2,980$2,154$1,541$1,255
28 years$5,215$3,833$2,770$1,974$1,390$1,121
29 years$4,981$3,616$2,578$1,810$1,255$1,003
30 years$4,763$3,415$2,401$1,661$1,134$898
31 years$4,560$3,228$2,239$1,526$1,026$804
32 years$4,369$3,054$2,089$1,402$928$720
33 years$4,191$2,893$1,950$1,289$840$645
34 years$4,023$2,741$1,822$1,186$760$578
35 years$3,865$2,600$1,704$1,092$688$519
36 years$3,716$2,468$1,594$1,006$624$465
37 years$3,576$2,344$1,492$927$565$418
38 years$3,444$2,228$1,397$854$513$375
39 years$3,318$2,118$1,309$788$465$336
40 years$3,199$2,015$1,227$726$422$302
41 years$3,086$1,918$1,150$670$382$271
42 years$2,979$1,827$1,079$619$347$244
43 years$2,877$1,741$1,012$571$315$219
44 years$2,780$1,659$950$527$286$197
45 years$2,688$1,582$892$487$260$177
46 years$2,600$1,510$838$450$236$159
47 years$2,516$1,441$787$416$214$143
48 years$2,435$1,375$740$384$194$128
49 years$2,358$1,313$695$355$177$115
50 years$2,285$1,254$654$328$160$103

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 $2,323 every year, while hoping to spend $25,665 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: 74/9/17 Blend
29$2,340,000$2,340,000$2,340,000$2,340,000
30$2,581,076$2,457,056$2,420,786$2,761,902
31$2,817,039$2,550,145$2,474,575$2,975,105
32$3,076,209$2,646,934$2,529,306$3,205,281
33$3,360,927$2,747,579$2,584,983$3,456,823
34$3,673,772$2,852,240$2,641,610$3,731,850
35$4,017,583$2,961,086$2,699,189$4,032,694
36$4,395,488$3,074,291$2,757,724$4,361,924
37$4,810,936$3,192,039$2,817,216$4,722,368
38$5,267,723$3,314,521$2,877,664$5,117,141
39$5,770,033$3,441,935$2,939,069$5,549,675
40$6,322,477$3,574,490$3,001,428$6,023,746
41$6,930,133$3,712,403$3,064,739$6,543,519
42$7,598,596$3,855,901$3,128,998$7,113,576
43$8,334,034$4,005,221$3,194,200$7,738,966
44$9,143,237$4,160,609$3,260,338$8,425,253
45$10,033,693$4,322,324$3,327,404$9,178,562
46$11,013,646$4,490,635$3,395,389$10,005,644
47$12,092,186$4,665,824$3,464,282$10,913,932
48$13,279,323$4,848,184$3,534,070$11,911,618
49$14,586,091$5,038,022$3,604,739$13,007,724
50$16,024,647$5,235,659$3,676,271$14,212,193
51$17,608,384$5,441,429$3,748,650$15,535,975
52$19,352,063$5,655,683$3,821,853$16,991,137
53$21,271,947$5,878,786$3,895,859$18,590,971
54$23,385,958$6,111,118$3,970,643$20,350,124
55$25,713,843$6,353,080$4,046,176$22,284,731
56$28,277,361$6,605,087$4,122,429$24,412,573
57$31,100,490$6,867,574$4,199,369$26,753,238
58$34,209,652$7,140,997$4,276,959$29,328,308
59$37,633,960$7,425,830$4,355,162$32,161,564
60$41,405,499$7,722,571$4,433,934$35,279,209
61$45,559,620$8,031,737$4,513,231$38,710,113
62$50,135,280$8,353,871$4,593,003$42,486,087
63$55,175,408$8,689,540$4,673,198$46,642,184
64$60,727,308$9,039,336$4,753,759$51,217,024
65$66,843,108$9,403,878$4,834,625$56,253,166
66$73,580,251$9,783,814$4,915,730$61,797,502
67$81,002,036$10,179,819$4,997,006$67,901,704
68$89,178,215$10,592,602$5,078,378$74,622,707
69$98,185,655$11,022,902$5,159,765$82,023,249
70$108,109,058$11,471,490$5,241,084$90,172,464
71$119,041,765$11,939,177$5,322,243$99,146,528
72$131,086,634$12,426,805$5,403,148$109,029,384
73$144,357,012$12,935,260$5,483,694$119,913,530
74$158,977,804$13,465,465$5,563,775$131,900,890
75$175,086,653$14,018,385$5,643,274$145,103,783
76$192,835,238$14,595,032$5,722,070$159,645,972
77$212,390,705$15,196,461$5,800,032$175,663,840
78$233,937,247$15,823,778$5,877,023$193,307,672
79$257,677,841$16,478,139$5,952,899$212,743,078
80$283,836,164$17,160,751$6,027,504$234,152,547
81$312,658,705$17,872,879$6,100,677$257,737,177
82$344,417,089$18,615,847$6,172,246$283,718,569
83$379,410,645$19,391,036$6,242,029$312,340,918
84$417,969,228$20,199,895$6,309,835$343,873,318
85$460,456,336$21,043,936$6,375,461$378,612,302
86$507,272,538$21,924,745$6,438,695$416,884,638
87$558,859,257$22,843,977$6,499,311$459,050,415
88$615,702,936$23,803,366$6,557,072$505,506,441
89$678,339,631$24,804,727$6,611,730$556,689,986
90$747,360,071$25,849,957$6,663,021$613,082,911
91$823,415,235$26,941,041$6,710,669$675,216,216
92$907,222,496$28,080,059$6,754,383$743,675,049
93$999,572,392$29,269,184$6,793,857$819,104,232
94$1,101,336,094$30,510,691$6,828,769$902,214,344
95$1,213,473,624$31,806,964$6,858,781$993,788,430
96$1,337,042,921$33,160,493$6,883,538$1,094,689,393
97$1,473,209,829$34,573,887$6,902,666$1,205,868,135
98$1,623,259,100$36,049,876$6,915,774$1,328,372,536
99$1,788,606,526$37,591,317$6,922,450$1,463,357,343
100$1,970,812,302$39,201,201$6,922,262$1,612,095,071