Can I retire at age 30 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$194,887$193,151$191,457$189,804$188,190$182,973
2 years$96,479$94,682$92,940$91,252$89,614$84,397
3 years$63,680$61,876$60,139$58,466$56,855$51,801
4 years$47,284$45,485$43,765$42,121$40,549$35,698
5 years$37,449$35,661$33,964$32,353$30,825$26,189
6 years$30,895$29,120$27,448$25,873$24,391$19,974
7 years$26,215$24,455$22,809$21,272$19,836$15,639
8 years$22,706$20,962$19,344$17,844$16,456$12,477
9 years$19,979$18,251$16,661$15,199$13,858$10,093
10 years$17,798$16,088$14,525$13,102$11,808$8,252
11 years$16,015$14,322$12,788$11,403$10,155$6,802
12 years$14,531$12,855$11,349$10,002$8,800$5,644
13 years$13,275$11,617$10,140$8,830$7,674$4,708
14 years$12,200$10,559$9,110$7,838$6,727$3,944
15 years$11,269$9,646$8,226$6,990$5,923$3,315
16 years$10,456$8,850$7,458$6,259$5,235$2,795
17 years$9,738$8,151$6,786$5,624$4,642$2,362
18 years$9,102$7,532$6,195$5,068$4,127$2,000
19 years$8,532$6,980$5,671$4,580$3,679$1,697
20 years$8,021$6,486$5,205$4,148$3,286$1,441
21 years$7,559$6,042$4,787$3,764$2,940$1,226
22 years$7,139$5,640$4,412$3,423$2,636$1,043
23 years$6,756$5,275$4,074$3,117$2,366$889
24 years$6,406$4,942$3,768$2,843$2,127$758
25 years$6,084$4,638$3,490$2,596$1,914$647
26 years$5,788$4,359$3,236$2,374$1,724$552
27 years$5,514$4,102$3,005$2,173$1,554$471
28 years$5,260$3,866$2,794$1,991$1,402$403
29 years$5,024$3,647$2,600$1,826$1,266$344
30 years$4,804$3,444$2,422$1,675$1,144$294
31 years$4,599$3,256$2,258$1,539$1,034$251
32 years$4,407$3,080$2,106$1,414$936$215
33 years$4,226$2,917$1,967$1,300$847$184
34 years$4,057$2,765$1,838$1,197$767$157
35 years$3,898$2,622$1,718$1,101$694$135
36 years$3,748$2,489$1,607$1,014$629$115
37 years$3,607$2,364$1,504$935$570$99
38 years$3,473$2,247$1,409$862$517$84
39 years$3,346$2,136$1,320$794$469$72
40 years$3,226$2,033$1,237$733$425$62
41 years$3,113$1,935$1,160$676$386$53
42 years$3,005$1,843$1,088$624$350$45
43 years$2,902$1,756$1,021$576$318$39
44 years$2,804$1,674$958$532$288$33
45 years$2,711$1,596$900$491$262$28
46 years$2,622$1,522$845$454$238$24
47 years$2,537$1,453$794$419$216$21
48 years$2,456$1,387$746$387$196$18
49 years$2,378$1,324$701$358$178$15
50 years$2,304$1,265$659$331$162$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,360,000, adding $5,195 every year, while hoping to spend $46,320 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: 32/43/25 Blend
29$2,360,000$2,360,000$2,360,000$2,360,000
30$2,606,079$2,480,999$2,444,419$2,669,356
31$2,822,615$2,553,283$2,477,023$2,790,137
32$3,059,685$2,627,558$2,509,166$2,915,642
33$3,319,335$2,703,870$2,540,785$3,049,896
34$3,603,817$2,782,270$2,571,812$3,193,699
35$3,915,613$2,862,808$2,602,174$3,347,929
36$4,257,454$2,945,534$2,631,796$3,513,554
37$4,632,351$3,030,502$2,660,597$3,691,638
38$5,043,617$3,117,762$2,688,493$3,883,351
39$5,494,903$3,207,370$2,715,395$4,089,983
40$5,990,230$3,299,379$2,741,209$4,312,950
41$6,534,029$3,393,844$2,765,834$4,553,816
42$7,131,179$3,490,820$2,789,168$4,814,298
43$7,787,054$3,590,365$2,811,100$5,096,290
44$8,507,576$3,692,536$2,831,514$5,401,875
45$9,299,267$3,797,389$2,850,289$5,733,349
46$10,169,315$3,904,983$2,867,296$6,093,238
47$11,125,635$4,015,378$2,882,401$6,484,327
48$12,176,951$4,128,632$2,895,462$6,909,681
49$13,332,870$4,244,805$2,906,330$7,372,678
50$14,603,980$4,363,958$2,914,849$7,877,038
51$16,001,944$4,486,150$2,920,855$8,426,859
52$17,539,615$4,611,444$2,924,176$9,026,656
53$19,231,150$4,739,899$2,924,630$9,681,404
54$21,092,150$4,871,576$2,922,028$10,396,581
55$23,139,804$5,006,538$2,916,171$11,178,226
56$25,393,050$5,144,845$2,906,849$12,032,992
57$27,872,757$5,286,559$2,893,844$12,968,207
58$30,601,917$5,431,739$2,876,927$13,991,949
59$33,605,865$5,580,446$2,855,856$15,113,117
60$36,912,515$5,732,740$2,830,379$16,341,517
61$40,552,628$5,888,681$2,800,233$17,687,955
62$44,560,096$6,048,326$2,765,141$19,164,337
63$48,972,265$6,211,733$2,724,813$20,783,785
64$53,830,288$6,378,960$2,678,945$22,560,757
65$59,179,508$6,550,060$2,627,221$24,511,189
66$65,069,893$6,725,088$2,569,308$26,652,637
67$71,556,500$6,904,095$2,504,858$29,004,452
68$78,700,000$7,087,133$2,433,508$31,587,958
69$86,567,246$7,274,248$2,354,876$34,426,653
70$95,231,906$7,465,487$2,268,565$37,546,434
71$104,775,158$7,660,894$2,174,160$40,975,839
72$115,286,454$7,860,507$2,071,224$44,746,319
73$126,864,365$8,064,365$1,959,303$48,892,534
74$139,617,512$8,272,500$1,837,921$53,452,680
75$153,665,589$8,484,944$1,706,582$58,468,852
76$169,140,493$8,701,720$1,564,767$63,987,439
77$186,187,569$8,922,850$1,411,932$70,059,566
78$204,966,982$9,148,350$1,247,513$76,741,573
79$225,655,225$9,378,231$1,070,915$84,095,554
80$248,446,790$9,612,496$881,523$92,189,934
81$273,555,999$9,851,144$678,690$101,100,126
82$301,219,028$10,094,167$461,743$110,909,238
83$331,696,135$10,341,548$229,978$121,708,857
84$365,274,120$10,593,263$0$133,599,922
85$402,269,026$10,849,278$0$146,698,298
86$443,029,126$11,109,552$0$161,187,715
87$487,938,209$11,374,032$0$177,142,075
88$537,419,202$11,642,656$0$194,710,490
89$591,938,162$11,915,347$0$214,057,274
90$652,008,675$12,192,020$0$235,363,497
91$718,196,705$12,472,574$0$258,828,694
92$791,125,932$12,756,894$0$284,672,746
93$871,483,646$13,044,850$0$313,137,958
94$960,027,226$13,336,296$0$344,491,344
95$1,057,591,298$13,631,069$0$379,027,152
96$1,165,095,606$13,928,987$0$417,069,635
97$1,283,553,698$14,229,848$0$458,976,118
98$1,414,082,493$14,533,428$0$505,140,368
99$1,557,912,824$14,839,483$0$555,996,314
100$1,716,401,058$15,147,744$0$612,022,141