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%19.3%
1 years$194,061$192,332$190,646$189,000$187,392$180,385
2 years$96,070$94,280$92,546$90,865$89,234$82,255
3 years$63,410$61,613$59,884$58,218$56,614$49,882
4 years$47,084$45,292$43,580$41,943$40,378$33,944
5 years$37,290$35,510$33,820$32,216$30,694$24,576
6 years$30,764$28,996$27,331$25,764$24,287$18,489
7 years$26,103$24,351$22,713$21,182$19,752$14,272
8 years$22,610$20,873$19,262$17,769$16,386$11,219
9 years$19,894$18,174$16,590$15,135$13,800$8,938
10 years$17,723$16,020$14,464$13,047$11,758$7,193
11 years$15,948$14,261$12,734$11,354$10,112$5,834
12 years$14,469$12,800$11,301$9,959$8,763$4,762
13 years$13,219$11,568$10,097$8,793$7,642$3,905
14 years$12,149$10,515$9,072$7,805$6,699$3,215
15 years$11,222$9,605$8,191$6,961$5,898$2,655
16 years$10,411$8,813$7,426$6,233$5,213$2,198
17 years$9,697$8,116$6,757$5,600$4,622$1,824
18 years$9,063$7,500$6,169$5,047$4,110$1,516
19 years$8,496$6,951$5,647$4,560$3,663$1,262
20 years$7,987$6,459$5,183$4,130$3,272$1,052
21 years$7,527$6,016$4,767$3,748$2,928$877
22 years$7,109$5,616$4,394$3,408$2,624$732
23 years$6,728$5,252$4,057$3,104$2,356$612
24 years$6,379$4,921$3,752$2,831$2,117$511
25 years$6,059$4,618$3,475$2,585$1,905$428
26 years$5,763$4,340$3,223$2,364$1,716$358
27 years$5,491$4,085$2,993$2,164$1,547$299
28 years$5,238$3,849$2,782$1,982$1,396$251
29 years$5,003$3,631$2,589$1,818$1,261$210
30 years$4,784$3,429$2,411$1,668$1,139$176
31 years$4,579$3,242$2,248$1,532$1,030$147
32 years$4,388$3,067$2,098$1,408$932$123
33 years$4,209$2,905$1,958$1,295$843$103
34 years$4,040$2,753$1,830$1,191$763$87
35 years$3,882$2,611$1,711$1,097$691$72
36 years$3,732$2,479$1,600$1,010$626$61
37 years$3,591$2,354$1,498$931$568$51
38 years$3,458$2,237$1,403$858$515$43
39 years$3,332$2,127$1,314$791$467$36
40 years$3,213$2,024$1,232$730$423$30
41 years$3,100$1,927$1,155$673$384$25
42 years$2,992$1,835$1,084$621$349$21
43 years$2,890$1,748$1,017$573$316$18
44 years$2,792$1,666$954$529$287$15
45 years$2,699$1,589$896$489$261$12
46 years$2,611$1,516$842$452$237$10
47 years$2,526$1,447$791$417$215$9
48 years$2,446$1,381$743$386$195$7
49 years$2,368$1,319$698$356$177$6
50 years$2,294$1,260$657$329$161$5

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 $3,407 every year, while hoping to spend $49,779 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: 63/15/22 Blend
29$2,350,000$2,350,000$2,350,000$2,350,000
30$2,593,214$2,468,664$2,432,239$2,741,550
31$2,804,758$2,536,664$2,460,755$2,910,060
32$3,036,210$2,606,328$2,488,557$3,088,163
33$3,289,550$2,677,684$2,515,570$3,281,552
34$3,566,955$2,750,762$2,541,713$3,491,727
35$3,870,824$2,825,589$2,566,900$3,720,337
36$4,203,800$2,902,194$2,591,043$3,969,200
37$4,568,790$2,980,605$2,614,046$4,240,321
38$4,969,000$3,060,848$2,635,810$4,535,904
39$5,407,959$3,142,950$2,656,230$4,858,381
40$5,889,553$3,226,937$2,675,196$5,210,429
41$6,418,064$3,312,834$2,692,592$5,594,998
42$6,998,208$3,400,664$2,708,295$6,015,340
43$7,635,181$3,490,452$2,722,178$6,475,034
44$8,334,704$3,582,219$2,734,105$6,978,027
45$9,103,081$3,675,985$2,743,936$7,528,667
46$9,947,257$3,771,770$2,751,519$8,131,745
47$10,874,883$3,869,592$2,756,701$8,792,538
48$11,894,386$3,969,467$2,759,315$9,516,865
49$13,015,052$4,071,410$2,759,191$10,311,134
50$14,247,110$4,175,431$2,756,146$11,182,408
51$15,601,830$4,281,543$2,749,992$12,138,471
52$17,091,630$4,389,751$2,740,530$13,187,900
53$18,730,189$4,500,062$2,727,551$14,340,145
54$20,532,580$4,612,477$2,710,836$15,605,622
55$22,515,411$4,726,996$2,690,156$16,995,808
56$24,696,978$4,843,614$2,665,272$18,523,353
57$27,097,443$4,962,324$2,635,931$20,202,193
58$29,739,018$5,083,114$2,601,871$22,047,690
59$32,646,179$5,205,968$2,562,815$24,076,771
60$35,845,895$5,330,866$2,518,475$26,308,091
61$39,367,881$5,457,782$2,468,548$28,762,207
62$43,244,878$5,586,688$2,412,718$31,461,775
63$47,512,967$5,717,546$2,350,655$34,431,762
64$52,211,899$5,850,315$2,282,012$37,699,682
65$57,385,479$5,984,948$2,206,426$41,295,857
66$63,081,976$6,121,388$2,123,519$45,253,703
67$69,354,575$6,259,574$2,032,894$49,610,047
68$76,261,884$6,399,435$1,934,139$54,405,470
69$83,868,483$6,540,894$1,826,819$59,684,700
70$92,245,533$6,683,862$1,710,482$65,497,023
71$101,471,449$6,828,244$1,584,655$71,896,759
72$111,632,641$6,973,932$1,448,845$78,943,768
73$122,824,324$7,120,808$1,302,535$86,704,021
74$135,151,421$7,268,743$1,145,186$95,250,217
75$148,729,551$7,417,597$976,235$104,662,477
76$163,686,120$7,567,213$795,093$115,029,096
77$180,161,522$7,717,425$601,147$126,447,380
78$198,310,467$7,868,049$393,755$139,024,561
79$218,303,438$8,018,887$172,249$152,878,817
80$240,328,299$8,169,722$0$168,140,383
81$264,592,069$8,320,322$0$184,967,837
82$291,322,878$8,470,436$0$203,548,422
83$320,772,116$8,619,792$0$224,016,147
84$353,216,806$8,768,096$0$246,563,291
85$388,962,222$8,915,035$0$271,401,744
86$428,344,766$9,060,268$0$298,764,999
87$471,735,143$9,203,432$0$328,910,367
88$519,541,864$9,344,137$0$362,121,395
89$572,215,097$9,481,963$0$398,710,550
90$630,250,919$9,616,461$0$439,022,167
91$694,195,996$9,747,151$0$483,435,697
92$764,652,745$9,873,518$0$532,369,292
93$842,285,017$9,995,013$0$586,283,749
94$927,824,369$10,111,049$0$645,686,864
95$1,022,076,963$10,220,998$0$711,138,223
96$1,125,931,178$10,324,192$0$783,254,486
97$1,240,365,997$10,419,916$0$862,715,207
98$1,366,460,248$10,507,412$0$950,269,252
99$1,505,402,786$10,585,867$0$1,046,741,866
100$1,658,503,715$10,654,420$0$1,153,042,464