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%19.1%
1 years$194,061$192,332$190,646$189,000$187,392$180,528
2 years$96,070$94,280$92,546$90,865$89,234$82,395
3 years$63,410$61,613$59,884$58,218$56,614$50,015
4 years$47,084$45,292$43,580$41,943$40,378$34,069
5 years$37,290$35,510$33,820$32,216$30,694$24,693
6 years$30,764$28,996$27,331$25,764$24,287$18,597
7 years$26,103$24,351$22,713$21,182$19,752$14,372
8 years$22,610$20,873$19,262$17,769$16,386$11,311
9 years$19,894$18,174$16,590$15,135$13,800$9,022
10 years$17,723$16,020$14,464$13,047$11,758$7,270
11 years$15,948$14,261$12,734$11,354$10,112$5,905
12 years$14,469$12,800$11,301$9,959$8,763$4,825
13 years$13,219$11,568$10,097$8,793$7,642$3,962
14 years$12,149$10,515$9,072$7,805$6,699$3,267
15 years$11,222$9,605$8,191$6,961$5,898$2,702
16 years$10,411$8,813$7,426$6,233$5,213$2,240
17 years$9,697$8,116$6,757$5,600$4,622$1,862
18 years$9,063$7,500$6,169$5,047$4,110$1,550
19 years$8,496$6,951$5,647$4,560$3,663$1,292
20 years$7,987$6,459$5,183$4,130$3,272$1,078
21 years$7,527$6,016$4,767$3,748$2,928$901
22 years$7,109$5,616$4,394$3,408$2,624$753
23 years$6,728$5,252$4,057$3,104$2,356$630
24 years$6,379$4,921$3,752$2,831$2,117$528
25 years$6,059$4,618$3,475$2,585$1,905$442
26 years$5,763$4,340$3,223$2,364$1,716$370
27 years$5,491$4,085$2,993$2,164$1,547$310
28 years$5,238$3,849$2,782$1,982$1,396$260
29 years$5,003$3,631$2,589$1,818$1,261$218
30 years$4,784$3,429$2,411$1,668$1,139$183
31 years$4,579$3,242$2,248$1,532$1,030$154
32 years$4,388$3,067$2,098$1,408$932$129
33 years$4,209$2,905$1,958$1,295$843$108
34 years$4,040$2,753$1,830$1,191$763$91
35 years$3,882$2,611$1,711$1,097$691$76
36 years$3,732$2,479$1,600$1,010$626$64
37 years$3,591$2,354$1,498$931$568$54
38 years$3,458$2,237$1,403$858$515$45
39 years$3,332$2,127$1,314$791$467$38
40 years$3,213$2,024$1,232$730$423$32
41 years$3,100$1,927$1,155$673$384$27
42 years$2,992$1,835$1,084$621$349$22
43 years$2,890$1,748$1,017$573$316$19
44 years$2,792$1,666$954$529$287$16
45 years$2,699$1,589$896$489$261$13
46 years$2,611$1,516$842$452$237$11
47 years$2,526$1,447$791$417$215$9
48 years$2,446$1,381$743$386$195$8
49 years$2,368$1,319$698$356$177$7
50 years$2,294$1,260$657$329$161$6

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 $3,702 every year, while hoping to spend $49,737 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: 66/14/20 Blend
29$2,350,000$2,350,000$2,350,000$2,350,000
30$2,593,519$2,468,969$2,432,544$2,751,409
31$2,805,138$2,537,028$2,461,114$2,925,813
32$3,036,675$2,606,756$2,488,975$3,110,349
33$3,290,110$2,678,181$2,516,049$3,310,902
34$3,567,621$2,751,332$2,542,257$3,529,045
35$3,871,609$2,826,238$2,567,513$3,766,510
36$4,204,716$2,902,927$2,591,728$4,025,206
37$4,569,854$2,981,427$2,614,808$4,307,235
38$4,970,228$3,061,766$2,636,653$4,614,912
39$5,409,370$3,143,970$2,657,159$4,950,786
40$5,891,167$3,228,066$2,676,215$5,317,669
41$6,419,903$3,314,079$2,693,706$5,718,655
42$7,000,298$3,402,033$2,709,509$6,157,155
43$7,637,548$3,491,953$2,723,498$6,636,927
44$8,337,380$3,583,860$2,735,536$7,162,110
45$9,106,099$3,677,776$2,745,483$7,737,265
46$9,950,654$3,773,720$2,753,190$8,367,418
47$10,878,700$3,871,711$2,758,501$9,058,108
48$11,898,668$3,971,765$2,761,251$9,815,435
49$13,019,848$4,073,898$2,761,270$10,646,123
50$14,252,476$4,178,123$2,758,376$11,557,582
51$15,607,827$4,284,449$2,752,379$12,557,974
52$17,098,324$4,392,886$2,743,083$13,656,297
53$18,737,654$4,503,438$2,730,277$14,862,462
54$20,540,898$4,616,110$2,713,745$16,187,394
55$22,524,671$4,730,901$2,693,257$17,643,130
56$24,707,280$4,847,808$2,668,573$19,242,936
57$27,108,896$4,966,823$2,639,443$21,001,429
58$29,751,742$5,087,936$2,605,604$22,934,718
59$32,660,308$5,211,133$2,566,780$25,060,555
60$35,861,575$5,336,394$2,522,682$27,398,503
61$39,385,273$5,463,695$2,473,010$29,970,119
62$43,264,162$5,593,007$2,417,447$32,799,160
63$47,534,338$5,724,296$2,355,662$35,911,807
64$52,235,574$5,857,520$2,287,311$39,336,911
65$57,411,698$5,992,634$2,212,031$43,106,267
66$63,111,001$6,129,583$2,129,444$47,254,913
67$69,386,697$6,268,307$2,039,155$51,821,462
68$76,297,424$6,408,737$1,940,749$56,848,466
69$83,907,792$6,550,797$1,833,796$62,382,820
70$92,289,002$6,694,400$1,717,843$68,476,201
71$101,519,507$6,839,453$1,592,417$75,185,561
72$111,685,759$6,985,849$1,457,026$82,573,661
73$122,883,025$7,133,474$1,311,155$90,709,665
74$135,216,279$7,282,199$1,154,264$99,669,796
75$148,801,199$7,431,887$985,792$109,538,052
76$163,765,256$7,582,384$805,151$120,407,001
77$180,248,917$7,733,526$611,728$132,378,658
78$198,406,969$7,885,130$404,883$145,565,443
79$218,409,980$8,037,003$183,947$160,091,249
80$240,445,913$8,188,930$0$176,092,609
81$264,721,890$8,340,682$0$193,731,045
82$291,466,159$8,492,011$0$213,203,922
83$320,930,235$8,642,648$0$234,654,836
84$353,391,285$8,792,304$0$258,285,333
85$389,154,736$8,940,667$0$284,317,510
86$428,557,162$9,087,402$0$312,996,113
87$471,969,458$9,232,150$0$344,590,846
88$519,800,341$9,374,523$0$379,398,922
89$572,500,209$9,514,108$0$417,747,861
90$630,565,390$9,650,460$0$459,998,586
91$694,542,831$9,783,103$0$506,548,830
92$765,035,253$9,911,528$0$557,836,891
93$842,706,847$10,035,192$0$614,345,765
94$928,289,541$10,153,511$0$676,607,712
95$1,022,589,907$10,265,866$0$745,209,274
96$1,126,496,778$10,371,594$0$820,796,820
97$1,240,989,634$10,469,988$0$904,082,640
98$1,367,147,853$10,560,294$0$995,851,674
99$1,506,160,895$10,641,708$0$1,096,968,921
100$1,659,339,531$10,713,377$0$1,208,387,604