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%12.1%
1 years$194,887$193,151$191,457$189,804$188,190$186,535
2 years$96,479$94,682$92,940$91,252$89,614$87,947
3 years$63,680$61,876$60,139$58,466$56,855$55,226
4 years$47,284$45,485$43,765$42,121$40,549$38,972
5 years$37,449$35,661$33,964$32,353$30,825$29,304
6 years$30,895$29,120$27,448$25,873$24,391$22,928
7 years$26,215$24,455$22,809$21,272$19,836$18,432
8 years$22,706$20,962$19,344$17,844$16,456$15,111
9 years$19,979$18,251$16,661$15,199$13,858$12,571
10 years$17,798$16,088$14,525$13,102$11,808$10,578
11 years$16,015$14,322$12,788$11,403$10,155$8,982
12 years$14,531$12,855$11,349$10,002$8,800$7,683
13 years$13,275$11,617$10,140$8,830$7,674$6,610
14 years$12,200$10,559$9,110$7,838$6,727$5,716
15 years$11,269$9,646$8,226$6,990$5,923$4,964
16 years$10,456$8,850$7,458$6,259$5,235$4,325
17 years$9,738$8,151$6,786$5,624$4,642$3,780
18 years$9,102$7,532$6,195$5,068$4,127$3,312
19 years$8,532$6,980$5,671$4,580$3,679$2,909
20 years$8,021$6,486$5,205$4,148$3,286$2,559
21 years$7,559$6,042$4,787$3,764$2,940$2,255
22 years$7,139$5,640$4,412$3,423$2,636$1,990
23 years$6,756$5,275$4,074$3,117$2,366$1,759
24 years$6,406$4,942$3,768$2,843$2,127$1,556
25 years$6,084$4,638$3,490$2,596$1,914$1,378
26 years$5,788$4,359$3,236$2,374$1,724$1,221
27 years$5,514$4,102$3,005$2,173$1,554$1,083
28 years$5,260$3,866$2,794$1,991$1,402$961
29 years$5,024$3,647$2,600$1,826$1,266$853
30 years$4,804$3,444$2,422$1,675$1,144$758
31 years$4,599$3,256$2,258$1,539$1,034$674
32 years$4,407$3,080$2,106$1,414$936$599
33 years$4,226$2,917$1,967$1,300$847$533
34 years$4,057$2,765$1,838$1,197$767$474
35 years$3,898$2,622$1,718$1,101$694$422
36 years$3,748$2,489$1,607$1,014$629$376
37 years$3,607$2,364$1,504$935$570$335
38 years$3,473$2,247$1,409$862$517$298
39 years$3,346$2,136$1,320$794$469$265
40 years$3,226$2,033$1,237$733$425$237
41 years$3,113$1,935$1,160$676$386$211
42 years$3,005$1,843$1,088$624$350$188
43 years$2,902$1,756$1,021$576$318$167
44 years$2,804$1,674$958$532$288$149
45 years$2,711$1,596$900$491$262$133
46 years$2,622$1,522$845$454$238$119
47 years$2,537$1,453$794$419$216$106
48 years$2,456$1,387$746$387$196$94
49 years$2,378$1,324$701$358$178$84
50 years$2,304$1,265$659$331$162$75

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 $6,302 every year, while hoping to spend $30,782 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: 70/12/18 Blend
29$2,360,000$2,360,000$2,360,000$2,360,000
30$2,607,221$2,482,141$2,445,561$2,778,068
31$2,840,405$2,571,014$2,494,735$2,981,552
32$3,096,343$2,663,210$2,544,525$3,199,936
33$3,377,322$2,758,859$2,594,919$3,438,188
34$3,685,864$2,858,098$2,645,903$3,698,265
35$4,024,744$2,961,067$2,697,464$3,982,325
36$4,397,023$3,067,914$2,749,583$4,292,743
37$4,806,069$3,178,791$2,802,244$4,632,136
38$5,255,595$3,293,859$2,855,426$5,003,382
39$5,749,690$3,413,283$2,909,108$5,409,654
40$6,292,862$3,537,237$2,963,266$5,854,444
41$6,890,073$3,665,901$3,017,874$6,341,602
42$7,546,792$3,799,462$3,072,905$6,875,362
43$8,269,046$3,938,117$3,128,329$7,460,394
44$9,063,473$4,082,069$3,184,112$8,101,838
45$9,937,388$4,231,531$3,240,220$8,805,356
46$10,898,849$4,386,724$3,296,615$9,577,187
47$11,956,737$4,547,878$3,353,257$10,424,202
48$13,120,834$4,715,234$3,410,101$11,353,969
49$14,401,922$4,889,043$3,467,102$12,374,829
50$15,811,877$5,069,566$3,524,209$13,495,966
51$17,363,788$5,257,074$3,581,370$14,727,502
52$19,072,076$5,451,852$3,638,527$16,080,587
53$20,952,630$5,654,195$3,695,620$17,567,503
54$23,022,960$5,864,412$3,752,585$19,201,785
55$25,302,357$6,082,824$3,809,352$20,998,342
56$27,812,082$6,309,767$3,865,850$22,973,602
57$30,575,559$6,545,589$3,922,000$25,145,666
58$33,618,599$6,790,656$3,977,720$27,534,474
59$36,969,646$7,045,348$4,032,924$30,162,000
60$40,660,041$7,310,062$4,087,518$33,052,454
61$44,724,320$7,585,210$4,141,405$36,232,511
62$49,200,540$7,871,225$4,194,481$39,731,562
63$54,130,636$8,168,556$4,246,637$43,581,994
64$59,560,819$8,477,673$4,297,757$47,819,490
65$65,542,009$8,799,065$4,347,719$52,483,371
66$72,130,320$9,133,245$4,396,393$57,616,961
67$79,387,583$9,480,744$4,443,643$63,268,002
68$87,381,936$9,842,121$4,489,324$69,489,096
69$96,188,463$10,217,954$4,533,286$76,338,210
70$105,889,903$10,608,851$4,575,368$83,879,215
71$116,577,432$11,015,443$4,615,402$92,182,492
72$128,351,521$11,438,391$4,653,209$101,325,596
73$141,322,889$11,878,385$4,688,604$111,393,986
74$155,613,540$12,336,143$4,721,389$122,481,833
75$171,357,923$12,812,415$4,751,358$134,692,904
76$188,704,195$13,307,987$4,778,292$148,141,548
77$207,815,621$13,823,677$4,801,963$162,953,768
78$228,872,116$14,360,339$4,822,130$179,268,413
79$252,071,942$14,918,865$4,838,541$197,238,487
80$277,633,578$15,500,187$4,850,930$217,032,596
81$305,797,785$16,105,279$4,859,019$238,836,532
82$336,829,878$16,735,156$4,862,514$262,855,032
83$371,022,226$17,390,879$4,861,109$289,313,709
84$408,697,018$18,073,558$4,854,482$318,461,178
85$450,209,301$18,784,349$4,842,294$350,571,404
86$495,950,330$19,524,462$4,824,191$385,946,291
87$546,351,264$20,295,161$4,799,802$424,918,523
88$601,887,234$21,097,766$4,768,736$467,854,711
89$663,081,830$21,933,654$4,730,587$515,158,850
90$730,512,040$22,804,267$4,684,925$567,276,132
91$804,813,702$23,711,109$4,631,304$624,697,148
92$886,687,500$24,655,754$4,569,253$687,962,517
93$976,905,584$25,639,845$4,498,282$757,667,992
94$1,076,318,856$26,665,099$4,417,876$834,470,078
95$1,185,865,001$27,733,311$4,327,497$919,092,234
96$1,306,577,344$28,846,356$4,226,581$1,012,331,698
97$1,439,594,601$30,006,196$4,114,539$1,115,067,013
98$1,586,171,628$31,214,877$3,990,755$1,228,266,319
99$1,747,691,272$32,474,544$3,854,582$1,352,996,493
100$1,925,677,418$33,787,433$3,705,347$1,490,433,218