Can I retire at age 30 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$194,061$192,332$190,646$189,000$187,392$181,321
2 years$96,070$94,280$92,546$90,865$89,234$83,175
3 years$63,410$61,613$59,884$58,218$56,614$50,756
4 years$47,084$45,292$43,580$41,943$40,378$34,766
5 years$37,290$35,510$33,820$32,216$30,694$25,345
6 years$30,764$28,996$27,331$25,764$24,287$19,204
7 years$26,103$24,351$22,713$21,182$19,752$14,934
8 years$22,610$20,873$19,262$17,769$16,386$11,830
9 years$19,894$18,174$16,590$15,135$13,800$9,500
10 years$17,723$16,020$14,464$13,047$11,758$7,709
11 years$15,948$14,261$12,734$11,354$10,112$6,306
12 years$14,469$12,800$11,301$9,959$8,763$5,191
13 years$13,219$11,568$10,097$8,793$7,642$4,295
14 years$12,149$10,515$9,072$7,805$6,699$3,568
15 years$11,222$9,605$8,191$6,961$5,898$2,974
16 years$10,411$8,813$7,426$6,233$5,213$2,486
17 years$9,697$8,116$6,757$5,600$4,622$2,083
18 years$9,063$7,500$6,169$5,047$4,110$1,748
19 years$8,496$6,951$5,647$4,560$3,663$1,469
20 years$7,987$6,459$5,183$4,130$3,272$1,237
21 years$7,527$6,016$4,767$3,748$2,928$1,042
22 years$7,109$5,616$4,394$3,408$2,624$879
23 years$6,728$5,252$4,057$3,104$2,356$742
24 years$6,379$4,921$3,752$2,831$2,117$626
25 years$6,059$4,618$3,475$2,585$1,905$529
26 years$5,763$4,340$3,223$2,364$1,716$447
27 years$5,491$4,085$2,993$2,164$1,547$378
28 years$5,238$3,849$2,782$1,982$1,396$320
29 years$5,003$3,631$2,589$1,818$1,261$271
30 years$4,784$3,429$2,411$1,668$1,139$229
31 years$4,579$3,242$2,248$1,532$1,030$194
32 years$4,388$3,067$2,098$1,408$932$164
33 years$4,209$2,905$1,958$1,295$843$139
34 years$4,040$2,753$1,830$1,191$763$118
35 years$3,882$2,611$1,711$1,097$691$100
36 years$3,732$2,479$1,600$1,010$626$85
37 years$3,591$2,354$1,498$931$568$72
38 years$3,458$2,237$1,403$858$515$61
39 years$3,332$2,127$1,314$791$467$51
40 years$3,213$2,024$1,232$730$423$44
41 years$3,100$1,927$1,155$673$384$37
42 years$2,992$1,835$1,084$621$349$31
43 years$2,890$1,748$1,017$573$316$26
44 years$2,792$1,666$954$529$287$22
45 years$2,699$1,589$896$489$261$19
46 years$2,611$1,516$842$452$237$16
47 years$2,526$1,447$791$417$215$14
48 years$2,446$1,381$743$386$195$12
49 years$2,368$1,319$698$356$177$10
50 years$2,294$1,260$657$329$161$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,350,000, adding $3,421 every year, while hoping to spend $36,369 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: 68/20/12 Blend
29$2,350,000$2,350,000$2,350,000$2,350,000
30$2,593,229$2,468,679$2,432,254$2,762,545
31$2,819,042$2,550,948$2,475,038$2,957,839
32$3,066,669$2,636,029$2,518,036$3,166,685
33$3,338,296$2,724,022$2,561,218$3,394,153
34$3,636,333$2,815,029$2,604,549$3,642,064
35$3,963,432$2,909,158$2,647,994$3,912,427
36$4,322,514$3,006,520$2,691,515$4,207,448
37$4,716,800$3,107,229$2,735,070$4,529,558
38$5,149,835$3,211,404$2,778,616$4,881,436
39$5,625,525$3,319,169$2,822,106$5,266,028
40$6,148,173$3,430,653$2,865,491$5,686,579
41$6,722,519$3,545,988$2,908,718$6,146,664
42$7,353,787$3,665,312$2,951,731$6,650,218
43$8,047,730$3,788,769$2,994,471$7,201,575
44$8,810,686$3,916,507$3,036,873$7,805,509
45$9,649,640$4,048,679$3,078,872$8,467,278
46$10,572,285$4,185,446$3,120,396$9,192,671
47$11,587,099$4,326,974$3,161,370$9,988,068
48$12,703,422$4,473,434$3,201,715$10,860,493
49$13,931,545$4,625,006$3,241,346$11,817,686
50$15,282,806$4,781,875$3,280,175$12,868,170
51$16,769,698$4,944,233$3,318,107$14,021,338
52$18,405,987$5,112,280$3,355,043$15,287,532
53$20,206,839$5,286,223$3,390,878$16,678,151
54$22,188,966$5,466,278$3,425,503$18,205,749
55$24,370,783$5,652,668$3,458,799$19,884,156
56$26,772,580$5,845,626$3,490,646$21,728,612
57$29,416,713$6,045,391$3,520,912$23,755,904
58$32,327,817$6,252,215$3,549,462$25,984,528
59$35,533,038$6,466,357$3,576,153$28,434,864
60$39,062,286$6,688,087$3,600,833$31,129,363
61$42,948,522$6,917,686$3,623,343$34,092,763
62$47,228,063$7,155,444$3,643,517$37,352,321
63$51,940,929$7,401,665$3,661,178$40,938,067
64$57,131,219$7,656,661$3,676,143$44,883,090
65$62,847,527$7,920,761$3,688,217$49,223,850
66$69,143,399$8,194,302$3,697,196$54,000,518
67$76,077,840$8,477,638$3,702,867$59,257,359
68$83,715,872$8,771,135$3,705,006$65,043,145
69$92,129,143$9,075,173$3,703,375$71,411,618
70$101,396,607$9,390,147$3,697,729$78,421,996
71$111,605,266$9,716,470$3,687,809$86,139,529
72$122,850,994$10,054,567$3,673,341$94,636,116
73$135,239,439$10,404,884$3,654,041$103,990,986
74$148,887,021$10,767,883$3,629,611$114,291,438
75$163,922,030$11,144,043$3,599,737$125,633,671
76$180,485,840$11,533,864$3,564,090$138,123,688
77$198,734,237$11,937,864$3,522,328$151,878,296
78$218,838,893$12,356,584$3,474,091$167,026,209
79$240,988,989$12,790,584$3,419,001$183,709,261
80$265,392,992$13,240,450$3,356,664$202,083,745
81$292,280,633$13,706,787$3,286,668$222,321,887
82$321,905,065$14,190,228$3,208,579$244,613,471
83$354,545,262$14,691,429$3,121,947$269,167,630
84$390,508,644$15,211,075$3,026,297$296,214,818
85$430,133,984$15,749,875$2,921,136$326,008,986
86$473,794,602$16,308,571$2,805,946$358,829,976
87$521,901,893$16,887,932$2,680,186$394,986,167
88$574,909,204$17,488,759$2,543,291$434,817,377
89$633,316,121$18,111,886$2,394,669$478,698,079
90$697,673,178$18,758,181$2,233,704$527,040,925
91$768,587,058$19,428,548$2,059,748$580,300,651
92$846,726,316$20,123,925$1,872,128$638,978,359
93$932,827,695$20,845,292$1,670,139$703,626,253
94$1,027,703,077$21,593,668$1,453,046$774,852,848
95$1,132,247,147$22,370,114$1,220,078$853,328,713
96$1,247,445,840$23,175,733$970,435$939,792,802
97$1,374,385,648$24,011,677$703,278$1,035,059,426
98$1,514,263,878$24,879,143$417,731$1,140,025,942
99$1,668,399,950$25,779,377$112,881$1,255,681,221
100$1,838,247,857$26,713,680$0$1,383,114,981