Can I retire at age 30 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$195,712$193,969$192,268$190,608$188,987$185,020
2 years$96,887$95,083$93,334$91,639$89,994$86,016
3 years$63,950$62,138$60,393$58,714$57,096$53,231
4 years$47,484$45,678$43,951$42,300$40,721$36,999
5 years$37,608$35,812$34,108$32,490$30,956$27,387
6 years$31,025$29,243$27,564$25,983$24,494$21,083
7 years$26,326$24,558$22,906$21,362$19,920$16,667
8 years$22,802$21,051$19,426$17,920$16,526$13,429
9 years$20,064$18,329$16,732$15,264$13,917$10,975
10 years$17,874$16,156$14,587$13,158$11,858$9,068
11 years$16,083$14,383$12,842$11,451$10,198$7,557
12 years$14,592$12,909$11,397$10,044$8,838$6,340
13 years$13,332$11,666$10,183$8,867$7,707$5,349
14 years$12,252$10,604$9,149$7,872$6,756$4,534
15 years$11,317$9,687$8,260$7,020$5,948$3,857
16 years$10,500$8,888$7,489$6,286$5,257$3,291
17 years$9,780$8,185$6,815$5,648$4,661$2,816
18 years$9,140$7,564$6,221$5,090$4,145$2,415
19 years$8,569$7,010$5,695$4,599$3,694$2,074
20 years$8,055$6,514$5,227$4,165$3,300$1,785
21 years$7,591$6,067$4,808$3,780$2,953$1,538
22 years$7,169$5,664$4,431$3,437$2,647$1,326
23 years$6,785$5,297$4,091$3,130$2,376$1,145
24 years$6,433$4,963$3,784$2,855$2,136$990
25 years$6,110$4,658$3,504$2,607$1,922$856
26 years$5,813$4,377$3,250$2,384$1,731$741
27 years$5,537$4,120$3,018$2,182$1,561$641
28 years$5,282$3,882$2,806$1,999$1,408$555
29 years$5,045$3,662$2,611$1,833$1,272$481
30 years$4,824$3,458$2,432$1,683$1,149$417
31 years$4,618$3,269$2,267$1,545$1,039$362
32 years$4,425$3,094$2,115$1,420$940$314
33 years$4,244$2,930$1,975$1,306$850$272
34 years$4,074$2,777$1,845$1,202$770$236
35 years$3,915$2,634$1,725$1,106$697$205
36 years$3,764$2,500$1,614$1,019$632$178
37 years$3,622$2,374$1,511$939$573$154
38 years$3,488$2,256$1,415$865$519$134
39 years$3,361$2,145$1,325$798$471$116
40 years$3,240$2,041$1,242$736$427$101
41 years$3,126$1,943$1,165$679$387$88
42 years$3,017$1,851$1,093$626$352$76
43 years$2,914$1,763$1,025$578$319$66
44 years$2,816$1,681$963$534$290$58
45 years$2,722$1,603$904$493$263$50
46 years$2,633$1,529$849$456$239$43
47 years$2,548$1,459$797$421$217$38
48 years$2,466$1,393$749$389$197$33
49 years$2,388$1,330$704$359$179$28
50 years$2,314$1,271$662$332$162$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,370,000, adding $2,848 every year, while hoping to spend $45,464 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: 49/38/13 Blend
29$2,370,000$2,370,000$2,370,000$2,370,000
30$2,614,678$2,489,068$2,452,333$2,733,335
31$2,833,001$2,562,659$2,486,113$2,888,842
32$3,072,071$2,638,332$2,519,500$3,052,696
33$3,333,953$2,716,141$2,552,435$3,229,663
34$3,620,926$2,796,142$2,584,851$3,420,987
35$3,935,498$2,878,391$2,616,681$3,628,034
36$4,280,431$2,962,944$2,647,852$3,852,309
37$4,658,768$3,049,862$2,678,289$4,095,470
38$5,073,860$3,139,203$2,707,909$4,359,338
39$5,529,399$3,231,028$2,736,628$4,645,920
40$6,029,449$3,325,400$2,764,357$4,957,423
41$6,578,490$3,422,382$2,791,000$5,296,280
42$7,181,456$3,522,038$2,816,458$5,665,166
43$7,843,780$3,624,434$2,840,626$6,067,029
44$8,571,451$3,729,637$2,863,392$6,505,113
45$9,371,064$3,837,714$2,884,641$6,982,991
46$10,249,886$3,948,735$2,904,249$7,504,598
47$11,215,920$4,062,769$2,922,088$8,074,267
48$12,277,988$4,179,888$2,938,021$8,696,772
49$13,445,805$4,300,165$2,951,907$9,377,368
50$14,730,076$4,423,672$2,963,595$10,121,846
51$16,142,595$4,550,484$2,972,928$10,936,582
52$17,696,359$4,680,677$2,979,739$11,828,603
53$19,405,684$4,814,326$2,983,857$12,805,646
54$21,286,345$4,951,509$2,985,098$13,876,236
55$23,355,724$5,092,305$2,983,270$15,049,765
56$25,632,972$5,236,793$2,978,174$16,336,578
57$28,139,191$5,385,051$2,969,599$17,748,074
58$30,897,631$5,537,161$2,957,323$19,296,811
59$33,933,912$5,693,205$2,941,116$20,996,623
60$37,276,263$5,853,263$2,920,734$22,862,754
61$40,955,787$6,017,419$2,895,925$24,911,999
62$45,006,759$6,185,754$2,866,420$27,162,863
63$49,466,946$6,358,353$2,831,942$29,635,734
64$54,377,960$6,535,298$2,792,198$32,353,078
65$59,785,657$6,716,673$2,746,882$35,339,647
66$65,740,566$6,902,561$2,695,674$38,622,716
67$72,298,363$7,093,047$2,638,239$42,232,340
68$79,520,402$7,288,212$2,574,226$46,201,632
69$87,474,289$7,488,140$2,503,268$50,567,084
70$96,234,521$7,692,913$2,424,982$55,368,903
71$105,883,188$7,902,612$2,338,965$60,651,397
72$116,510,751$8,117,318$2,244,798$66,463,387
73$128,216,891$8,337,110$2,142,043$72,858,673
74$141,111,452$8,562,067$2,030,239$79,896,537
75$155,315,476$8,792,263$1,908,908$87,642,308
76$170,962,346$9,027,776$1,777,547$96,167,971
77$188,199,044$9,268,676$1,635,634$105,552,853
78$207,187,540$9,515,034$1,482,621$115,884,369
79$228,106,316$9,766,918$1,317,936$127,258,847
80$251,152,055$10,024,392$1,140,982$139,782,437
81$276,541,495$10,287,517$951,135$153,572,115
82$304,513,474$10,556,352$747,744$168,756,785
83$335,331,184$10,830,948$530,129$185,478,494
84$369,284,656$11,111,356$297,580$203,893,780
85$406,693,498$11,397,620$49,356$224,175,142
86$447,909,908$11,689,777$0$246,512,672
87$493,322,004$11,987,861$0$271,145,749
88$543,357,479$12,291,897$0$298,284,568
89$598,487,647$12,601,904$0$328,176,784
90$659,231,884$12,917,895$0$361,102,852
91$726,162,537$13,239,872$0$397,371,829
92$799,910,319$13,567,830$0$437,324,286
93$881,170,270$13,901,752$0$481,335,522
94$970,708,313$14,241,613$0$529,819,110
95$1,069,368,485$14,587,376$0$583,230,797
96$1,178,080,903$14,938,991$0$642,072,808
97$1,297,870,549$15,296,395$0$706,898,587
98$1,429,866,938$15,659,511$0$778,318,018
99$1,575,314,787$16,028,249$0$857,003,187
100$1,735,585,762$16,402,499$0$943,694,720