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

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$194,061$192,332$190,646$189,000$187,392$183,459
2 years$96,070$94,280$92,546$90,865$89,234$85,290
3 years$63,410$61,613$59,884$58,218$56,614$52,782
4 years$47,084$45,292$43,580$41,943$40,378$36,687
5 years$37,290$35,510$33,820$32,216$30,694$27,156
6 years$30,764$28,996$27,331$25,764$24,287$20,905
7 years$26,103$24,351$22,713$21,182$19,752$16,526
8 years$22,610$20,873$19,262$17,769$16,386$13,316
9 years$19,894$18,174$16,590$15,135$13,800$10,883
10 years$17,723$16,020$14,464$13,047$11,758$8,992
11 years$15,948$14,261$12,734$11,354$10,112$7,493
12 years$14,469$12,800$11,301$9,959$8,763$6,287
13 years$13,219$11,568$10,097$8,793$7,642$5,304
14 years$12,149$10,515$9,072$7,805$6,699$4,495
15 years$11,222$9,605$8,191$6,961$5,898$3,824
16 years$10,411$8,813$7,426$6,233$5,213$3,263
17 years$9,697$8,116$6,757$5,600$4,622$2,792
18 years$9,063$7,500$6,169$5,047$4,110$2,394
19 years$8,496$6,951$5,647$4,560$3,663$2,057
20 years$7,987$6,459$5,183$4,130$3,272$1,770
21 years$7,527$6,016$4,767$3,748$2,928$1,525
22 years$7,109$5,616$4,394$3,408$2,624$1,315
23 years$6,728$5,252$4,057$3,104$2,356$1,136
24 years$6,379$4,921$3,752$2,831$2,117$981
25 years$6,059$4,618$3,475$2,585$1,905$849
26 years$5,763$4,340$3,223$2,364$1,716$734
27 years$5,491$4,085$2,993$2,164$1,547$636
28 years$5,238$3,849$2,782$1,982$1,396$551
29 years$5,003$3,631$2,589$1,818$1,261$477
30 years$4,784$3,429$2,411$1,668$1,139$414
31 years$4,579$3,242$2,248$1,532$1,030$359
32 years$4,388$3,067$2,098$1,408$932$311
33 years$4,209$2,905$1,958$1,295$843$270
34 years$4,040$2,753$1,830$1,191$763$234
35 years$3,882$2,611$1,711$1,097$691$203
36 years$3,732$2,479$1,600$1,010$626$176
37 years$3,591$2,354$1,498$931$568$153
38 years$3,458$2,237$1,403$858$515$133
39 years$3,332$2,127$1,314$791$467$115
40 years$3,213$2,024$1,232$730$423$100
41 years$3,100$1,927$1,155$673$384$87
42 years$2,992$1,835$1,084$621$349$76
43 years$2,890$1,748$1,017$573$316$66
44 years$2,792$1,666$954$529$287$57
45 years$2,699$1,589$896$489$261$50
46 years$2,611$1,516$842$452$237$43
47 years$2,526$1,447$791$417$215$37
48 years$2,446$1,381$743$386$195$32
49 years$2,368$1,319$698$356$177$28
50 years$2,294$1,260$657$329$161$24

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 $3,378 every year, while hoping to spend $23,910 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: 56/27/17 Blend
29$2,350,000$2,350,000$2,350,000$2,350,000
30$2,593,184$2,468,634$2,432,209$2,726,559
31$2,832,249$2,564,157$2,488,248$2,913,191
32$3,094,897$2,663,560$2,545,363$3,113,526
33$3,383,509$2,767,006$2,603,565$3,331,222
34$3,700,706$2,874,669$2,662,864$3,567,947
35$4,049,378$2,986,727$2,723,269$3,825,538
36$4,432,707$3,103,370$2,784,792$4,106,013
37$4,854,200$3,224,792$2,847,439$4,411,593
38$5,317,720$3,351,198$2,911,220$4,744,721
39$5,827,523$3,482,803$2,976,142$5,108,088
40$6,388,299$3,619,829$3,042,211$5,504,650
41$7,005,215$3,762,510$3,109,435$5,937,664
42$7,683,964$3,911,090$3,177,818$6,410,714
43$8,430,818$4,065,823$3,247,364$6,927,742
44$9,252,688$4,226,975$3,318,078$7,493,090
45$10,157,190$4,394,824$3,389,961$8,111,537
46$11,152,714$4,569,661$3,463,015$8,788,343
47$12,248,506$4,751,789$3,537,241$9,529,300
48$13,454,751$4,941,525$3,612,636$10,340,784
49$14,782,677$5,139,200$3,689,200$11,229,816
50$16,244,650$5,345,161$3,766,929$12,204,126
51$17,854,299$5,559,770$3,845,816$13,272,227
52$19,626,643$5,783,404$3,925,856$14,443,491
53$21,578,229$6,016,459$4,007,041$15,728,243
54$23,727,292$6,259,348$4,089,360$17,137,849
55$26,093,923$6,512,504$4,172,801$18,684,831
56$28,700,264$6,776,377$4,257,350$20,382,976
57$31,570,711$7,051,440$4,342,992$22,247,472
58$34,732,149$7,338,186$4,429,708$24,295,045
59$38,214,203$7,637,132$4,517,478$26,544,122
60$42,049,516$7,948,816$4,606,278$29,014,996
61$46,274,061$8,273,803$4,696,083$31,730,022
62$50,927,479$8,612,682$4,786,864$34,713,823
63$56,053,448$8,966,070$4,878,591$37,993,527
64$61,700,105$9,334,613$4,971,229$41,599,015
65$67,920,491$9,718,984$5,064,740$45,563,204
66$74,773,055$10,119,888$5,159,084$49,922,357
67$82,322,209$10,538,065$5,254,215$54,716,425
68$90,638,929$10,974,284$5,350,085$59,989,420
69$99,801,429$11,429,354$5,446,643$65,789,829
70$109,895,901$11,904,118$5,543,831$72,171,070
71$121,017,322$12,399,460$5,641,589$79,191,997
72$133,270,358$12,916,302$5,739,851$86,917,450
73$146,770,345$13,455,612$5,838,547$95,418,869
74$161,644,383$14,018,399$5,937,601$104,774,961
75$178,032,532$14,605,723$6,036,933$115,072,446
76$196,089,135$15,218,688$6,136,455$126,406,872
77$215,984,277$15,858,453$6,236,076$138,883,511
78$237,905,385$16,526,230$6,335,696$152,618,356
79$262,059,004$17,223,285$6,435,212$167,739,210
80$288,672,741$17,950,944$6,534,510$184,386,891
81$317,997,416$18,710,596$6,633,472$202,716,556
82$350,309,430$19,503,693$6,731,970$222,899,168
83$385,913,372$20,331,754$6,829,872$245,123,102
84$425,144,896$21,196,370$6,927,032$269,595,922
85$468,373,889$22,099,205$7,023,301$296,546,337
86$516,007,962$23,042,003$7,118,518$326,226,359
87$568,496,298$24,026,585$7,212,513$358,913,674
88$626,333,894$25,054,861$7,305,105$394,914,264
89$690,066,230$26,128,828$7,396,105$434,565,288
90$760,294,422$27,250,577$7,485,311$478,238,264
91$837,680,895$28,422,298$7,572,511$526,342,571
92$922,955,636$29,646,280$7,657,480$579,329,309
93$1,016,923,086$30,924,923$7,739,981$637,695,551
94$1,120,469,735$32,260,738$7,819,764$701,989,036
95$1,234,572,487$33,656,354$7,896,566$772,813,330
96$1,360,307,887$35,114,522$7,970,107$850,833,522
97$1,498,862,282$36,638,124$8,040,096$936,782,494
98$1,651,543,020$38,230,176$8,106,224$1,031,467,838
99$1,819,790,791$39,893,838$8,168,166$1,135,779,471
100$2,005,193,232$41,632,417$8,225,580$1,250,698,032