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%15.4%
1 years$195,712$193,969$192,268$190,608$188,987$184,794
2 years$96,887$95,083$93,334$91,639$89,994$85,791
3 years$63,950$62,138$60,393$58,714$57,096$53,015
4 years$47,484$45,678$43,951$42,300$40,721$36,793
5 years$37,608$35,812$34,108$32,490$30,956$27,192
6 years$31,025$29,243$27,564$25,983$24,494$20,898
7 years$26,326$24,558$22,906$21,362$19,920$16,493
8 years$22,802$21,051$19,426$17,920$16,526$13,266
9 years$20,064$18,329$16,732$15,264$13,917$10,822
10 years$17,874$16,156$14,587$13,158$11,858$8,925
11 years$16,083$14,383$12,842$11,451$10,198$7,424
12 years$14,592$12,909$11,397$10,044$8,838$6,216
13 years$13,332$11,666$10,183$8,867$7,707$5,234
14 years$12,252$10,604$9,149$7,872$6,756$4,427
15 years$11,317$9,687$8,260$7,020$5,948$3,758
16 years$10,500$8,888$7,489$6,286$5,257$3,200
17 years$9,780$8,185$6,815$5,648$4,661$2,732
18 years$9,140$7,564$6,221$5,090$4,145$2,338
19 years$8,569$7,010$5,695$4,599$3,694$2,004
20 years$8,055$6,514$5,227$4,165$3,300$1,720
21 years$7,591$6,067$4,808$3,780$2,953$1,479
22 years$7,169$5,664$4,431$3,437$2,647$1,273
23 years$6,785$5,297$4,091$3,130$2,376$1,096
24 years$6,433$4,963$3,784$2,855$2,136$945
25 years$6,110$4,658$3,504$2,607$1,922$815
26 years$5,813$4,377$3,250$2,384$1,731$704
27 years$5,537$4,120$3,018$2,182$1,561$608
28 years$5,282$3,882$2,806$1,999$1,408$525
29 years$5,045$3,662$2,611$1,833$1,272$454
30 years$4,824$3,458$2,432$1,683$1,149$393
31 years$4,618$3,269$2,267$1,545$1,039$340
32 years$4,425$3,094$2,115$1,420$940$294
33 years$4,244$2,930$1,975$1,306$850$254
34 years$4,074$2,777$1,845$1,202$770$220
35 years$3,915$2,634$1,725$1,106$697$191
36 years$3,764$2,500$1,614$1,019$632$165
37 years$3,622$2,374$1,511$939$573$143
38 years$3,488$2,256$1,415$865$519$124
39 years$3,361$2,145$1,325$798$471$107
40 years$3,240$2,041$1,242$736$427$93
41 years$3,126$1,943$1,165$679$387$80
42 years$3,017$1,851$1,093$626$352$70
43 years$2,914$1,763$1,025$578$319$60
44 years$2,816$1,681$963$534$290$52
45 years$2,722$1,603$904$493$263$45
46 years$2,633$1,529$849$456$239$39
47 years$2,548$1,459$797$421$217$34
48 years$2,466$1,393$749$389$197$29
49 years$2,388$1,330$704$359$179$25
50 years$2,314$1,271$662$332$162$22

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 $3,613 every year, while hoping to spend $48,776 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: 49/28/23 Blend
29$2,370,000$2,370,000$2,370,000$2,370,000
30$2,615,467$2,489,857$2,453,122$2,726,474
31$2,830,347$2,559,963$2,483,404$2,874,266
32$3,065,510$2,631,869$2,513,066$3,029,538
33$3,322,974$2,705,612$2,542,035$3,197,229
34$3,604,960$2,781,229$2,570,236$3,378,534
35$3,913,914$2,858,758$2,597,587$3,574,764
36$4,252,531$2,938,234$2,624,004$3,787,366
37$4,623,777$3,019,696$2,649,396$4,017,931
38$5,030,922$3,103,181$2,673,670$4,268,213
39$5,477,564$3,188,725$2,696,727$4,540,142
40$5,967,669$3,276,365$2,718,460$4,835,846
41$6,505,603$3,366,139$2,738,760$5,157,668
42$7,096,177$3,458,083$2,757,512$5,508,189
43$7,744,691$3,552,232$2,774,592$5,890,251
44$8,456,981$3,648,623$2,789,872$6,306,987
45$9,239,478$3,747,291$2,803,218$6,761,847
46$10,099,266$3,848,269$2,814,487$7,258,634
47$11,044,149$3,951,593$2,823,531$7,801,536
48$12,082,726$4,057,294$2,830,192$8,395,168
49$13,224,467$4,165,405$2,834,307$9,044,616
50$14,479,810$4,275,956$2,835,703$9,755,482
51$15,860,250$4,388,977$2,834,198$10,533,942
52$17,378,455$4,504,497$2,829,604$11,386,798
53$19,048,382$4,622,542$2,821,720$12,321,546
54$20,885,407$4,743,136$2,810,337$13,346,450
55$22,906,472$4,866,304$2,795,237$14,470,610
56$25,130,244$4,992,065$2,776,190$15,704,060
57$27,577,292$5,120,439$2,752,956$17,057,853
58$30,270,278$5,251,442$2,725,281$18,544,172
59$33,234,171$5,385,088$2,692,903$20,176,443
60$36,496,485$5,521,386$2,655,544$21,969,459
61$40,087,537$5,660,344$2,612,915$23,939,523
62$44,040,731$5,801,966$2,564,713$26,104,605
63$48,392,875$5,946,252$2,510,621$28,484,502
64$53,184,528$6,093,198$2,450,306$31,101,038
65$58,460,379$6,242,795$2,383,421$33,978,258
66$64,269,676$6,395,029$2,309,603$37,142,664
67$70,666,680$6,549,883$2,228,472$40,623,462
68$77,711,185$6,707,332$2,139,630$44,452,839
69$85,469,081$6,867,345$2,042,662$48,666,264
70$94,012,969$7,029,887$1,937,133$53,302,829
71$103,422,854$7,194,914$1,822,589$58,405,614
72$113,786,895$7,362,374$1,698,556$64,022,096
73$125,202,238$7,532,210$1,564,537$70,204,596
74$137,775,931$7,704,354$1,420,015$77,010,777
75$151,625,939$7,878,729$1,264,447$84,504,185
76$166,882,248$8,055,250$1,097,270$92,754,853
77$183,688,100$8,233,821$917,891$101,839,958
78$202,201,340$8,414,332$725,695$111,844,558
79$222,595,909$8,596,667$520,037$122,862,388
80$245,063,479$8,780,691$300,246$134,996,750
81$269,815,270$8,966,260$65,620$148,361,489
82$297,084,036$9,153,215$0$163,082,068
83$327,126,265$9,341,381$0$179,342,096
84$360,224,601$9,530,565$0$197,268,739
85$396,690,508$9,720,561$0$217,013,998
86$436,867,212$9,911,140$0$238,763,141
87$481,132,940$10,102,058$0$262,720,328
88$529,904,487$10,293,047$0$289,110,541
89$583,641,156$10,483,818$0$318,181,709
90$642,849,088$10,674,058$0$350,207,042
91$708,086,039$10,863,431$0$385,487,619
92$779,966,649$11,051,573$0$424,355,225
93$859,168,240$11,238,093$0$467,175,482
94$946,437,211$11,422,570$0$514,351,305
95$1,042,596,082$11,604,551$0$566,326,705
96$1,148,551,259$11,783,551$0$623,590,979
97$1,265,301,591$11,959,049$0$686,683,330
98$1,393,947,797$12,130,486$0$756,197,957
99$1,535,702,858$12,297,266$0$832,789,670
100$1,691,903,465$12,458,747$0$917,180,064