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%12.4%
1 years$194,887$193,151$191,457$189,804$188,190$186,302
2 years$96,479$94,682$92,940$91,252$89,614$87,713
3 years$63,680$61,876$60,139$58,466$56,855$54,999
4 years$47,284$45,485$43,765$42,121$40,549$38,753
5 years$37,449$35,661$33,964$32,353$30,825$29,094
6 years$30,895$29,120$27,448$25,873$24,391$22,726
7 years$26,215$24,455$22,809$21,272$19,836$18,240
8 years$22,706$20,962$19,344$17,844$16,456$14,927
9 years$19,979$18,251$16,661$15,199$13,858$12,397
10 years$17,798$16,088$14,525$13,102$11,808$10,413
11 years$16,015$14,322$12,788$11,403$10,155$8,825
12 years$14,531$12,855$11,349$10,002$8,800$7,534
13 years$13,275$11,617$10,140$8,830$7,674$6,470
14 years$12,200$10,559$9,110$7,838$6,727$5,584
15 years$11,269$9,646$8,226$6,990$5,923$4,839
16 years$10,456$8,850$7,458$6,259$5,235$4,208
17 years$9,738$8,151$6,786$5,624$4,642$3,670
18 years$9,102$7,532$6,195$5,068$4,127$3,209
19 years$8,532$6,980$5,671$4,580$3,679$2,812
20 years$8,021$6,486$5,205$4,148$3,286$2,468
21 years$7,559$6,042$4,787$3,764$2,940$2,170
22 years$7,139$5,640$4,412$3,423$2,636$1,911
23 years$6,756$5,275$4,074$3,117$2,366$1,685
24 years$6,406$4,942$3,768$2,843$2,127$1,487
25 years$6,084$4,638$3,490$2,596$1,914$1,314
26 years$5,788$4,359$3,236$2,374$1,724$1,162
27 years$5,514$4,102$3,005$2,173$1,554$1,028
28 years$5,260$3,866$2,794$1,991$1,402$910
29 years$5,024$3,647$2,600$1,826$1,266$806
30 years$4,804$3,444$2,422$1,675$1,144$714
31 years$4,599$3,256$2,258$1,539$1,034$633
32 years$4,407$3,080$2,106$1,414$936$562
33 years$4,226$2,917$1,967$1,300$847$498
34 years$4,057$2,765$1,838$1,197$767$442
35 years$3,898$2,622$1,718$1,101$694$393
36 years$3,748$2,489$1,607$1,014$629$349
37 years$3,607$2,364$1,504$935$570$310
38 years$3,473$2,247$1,409$862$517$275
39 years$3,346$2,136$1,320$794$469$245
40 years$3,226$2,033$1,237$733$425$217
41 years$3,113$1,935$1,160$676$386$193
42 years$3,005$1,843$1,088$624$350$172
43 years$2,902$1,756$1,021$576$318$153
44 years$2,804$1,674$958$532$288$136
45 years$2,711$1,596$900$491$262$121
46 years$2,622$1,522$845$454$238$107
47 years$2,537$1,453$794$419$216$95
48 years$2,456$1,387$746$387$196$85
49 years$2,378$1,324$701$358$178$75
50 years$2,304$1,265$659$331$162$67

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 $3,482 every year, while hoping to spend $20,755 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: 70/5/25 Blend
29$2,360,000$2,360,000$2,360,000$2,360,000
30$2,604,312$2,479,232$2,442,652$2,769,827
31$2,847,868$2,578,631$2,502,397$2,980,468
32$3,115,572$2,682,205$2,563,449$3,208,238
33$3,409,864$2,790,137$2,625,828$3,457,092
34$3,733,434$2,902,617$2,689,557$3,729,120
35$4,089,244$3,019,845$2,754,657$4,026,624
36$4,480,560$3,142,030$2,821,151$4,352,138
37$4,910,977$3,269,390$2,889,060$4,708,455
38$5,384,459$3,402,153$2,958,406$5,098,649
39$5,905,372$3,540,556$3,029,210$5,526,106
40$6,478,527$3,684,850$3,101,495$5,994,555
41$7,109,224$3,835,295$3,175,283$6,508,106
42$7,803,303$3,992,163$3,250,593$7,071,283
43$8,567,200$4,155,739$3,327,448$7,689,070
44$9,408,005$4,326,321$3,405,868$8,366,959
45$10,333,531$4,504,220$3,485,875$9,110,998
46$11,352,387$4,689,763$3,567,487$9,927,850
47$12,474,059$4,883,290$3,650,726$10,824,856
48$13,708,999$5,085,156$3,735,611$11,810,103
49$15,068,724$5,295,736$3,822,161$12,892,499
50$16,565,925$5,515,419$3,910,395$14,081,860
51$18,214,587$5,744,612$4,000,331$15,388,999
52$20,030,118$5,983,742$4,091,986$16,825,830
53$22,029,500$6,233,255$4,185,377$18,405,480
54$24,231,443$6,493,618$4,280,521$20,142,410
55$26,656,564$6,765,319$4,377,432$22,052,556
56$29,327,583$7,048,869$4,476,126$24,153,472
57$32,269,536$7,344,803$4,576,615$26,464,505
58$35,510,009$7,653,679$4,678,913$29,006,966
59$39,079,404$7,976,084$4,783,031$31,804,341
60$43,011,220$8,312,628$4,888,979$34,882,506
61$47,342,371$8,663,954$4,996,766$38,269,973
62$52,113,535$9,030,730$5,106,400$41,998,158
63$57,369,539$9,413,659$5,217,888$46,101,680
64$63,159,779$9,813,475$5,331,234$50,618,681
65$69,538,687$10,230,946$5,446,441$55,591,193
66$76,566,247$10,666,876$5,563,511$61,065,529
67$84,308,559$11,122,108$5,682,443$67,092,724
68$92,838,462$11,597,521$5,803,234$73,729,011
69$102,236,223$12,094,038$5,925,881$81,036,355
70$112,590,296$12,612,624$6,050,376$89,083,039
71$123,998,153$13,154,288$6,176,710$97,944,303
72$136,567,205$13,720,090$6,304,871$107,703,058
73$150,415,820$14,311,134$6,434,844$118,450,666
74$165,674,435$14,928,581$6,566,613$130,287,802
75$182,486,789$15,573,643$6,700,156$143,325,407
76$201,011,280$16,247,590$6,835,449$157,685,728
77$221,422,461$16,951,752$6,972,467$173,503,479
78$243,912,685$17,687,521$7,111,178$190,927,106
79$268,693,923$18,456,354$7,251,547$210,120,193
80$295,999,766$19,259,777$7,393,536$231,262,999
81$326,087,625$20,099,389$7,537,102$254,554,166
82$359,241,165$20,976,862$7,682,198$280,212,590
83$395,772,984$21,893,949$7,828,772$308,479,485
84$436,027,559$22,852,483$7,976,766$339,620,664
85$480,384,501$23,854,385$8,126,119$373,929,044
86$529,262,138$24,901,668$8,276,762$411,727,411
87$583,121,465$25,996,438$8,428,621$453,371,468
88$642,470,492$27,140,901$8,581,618$499,253,190
89$707,869,045$28,337,368$8,735,665$549,804,525
90$779,934,047$29,588,259$8,890,669$605,501,472
91$859,345,344$30,896,108$9,046,531$666,868,570
92$946,852,120$32,263,569$9,203,141$734,483,853
93$1,043,279,975$33,693,422$9,360,385$808,984,303
94$1,149,538,713$35,188,580$9,518,138$891,071,865
95$1,266,630,933$36,752,092$9,676,268$981,520,071
96$1,395,661,497$38,387,154$9,834,631$1,081,181,340
97$1,537,847,957$40,097,111$9,993,078$1,190,995,030
98$1,694,532,048$41,885,468$10,151,446$1,311,996,299
99$1,867,192,359$43,755,899$10,309,562$1,445,325,877
100$2,057,458,291$45,712,250$10,467,244$1,592,240,840