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%13.6%
1 years$195,712$193,969$192,268$190,608$188,987$186,163
2 years$96,887$95,083$93,334$91,639$89,994$87,155
3 years$63,950$62,138$60,393$58,714$57,096$54,330
4 years$47,484$45,678$43,951$42,300$40,721$38,051
5 years$37,608$35,812$34,108$32,490$30,956$28,388
6 years$31,025$29,243$27,564$25,983$24,494$22,032
7 years$26,326$24,558$22,906$21,362$19,920$17,564
8 years$22,802$21,051$19,426$17,920$16,526$14,276
9 years$20,064$18,329$16,732$15,264$13,917$11,772
10 years$17,874$16,156$14,587$13,158$11,858$9,816
11 years$16,083$14,383$12,842$11,451$10,198$8,258
12 years$14,592$12,909$11,397$10,044$8,838$6,996
13 years$13,332$11,666$10,183$8,867$7,707$5,961
14 years$12,252$10,604$9,149$7,872$6,756$5,104
15 years$11,317$9,687$8,260$7,020$5,948$4,387
16 years$10,500$8,888$7,489$6,286$5,257$3,783
17 years$9,780$8,185$6,815$5,648$4,661$3,272
18 years$9,140$7,564$6,221$5,090$4,145$2,836
19 years$8,569$7,010$5,695$4,599$3,694$2,464
20 years$8,055$6,514$5,227$4,165$3,300$2,144
21 years$7,591$6,067$4,808$3,780$2,953$1,868
22 years$7,169$5,664$4,431$3,437$2,647$1,630
23 years$6,785$5,297$4,091$3,130$2,376$1,424
24 years$6,433$4,963$3,784$2,855$2,136$1,245
25 years$6,110$4,658$3,504$2,607$1,922$1,090
26 years$5,813$4,377$3,250$2,384$1,731$954
27 years$5,537$4,120$3,018$2,182$1,561$836
28 years$5,282$3,882$2,806$1,999$1,408$733
29 years$5,045$3,662$2,611$1,833$1,272$643
30 years$4,824$3,458$2,432$1,683$1,149$564
31 years$4,618$3,269$2,267$1,545$1,039$496
32 years$4,425$3,094$2,115$1,420$940$435
33 years$4,244$2,930$1,975$1,306$850$382
34 years$4,074$2,777$1,845$1,202$770$336
35 years$3,915$2,634$1,725$1,106$697$295
36 years$3,764$2,500$1,614$1,019$632$260
37 years$3,622$2,374$1,511$939$573$228
38 years$3,488$2,256$1,415$865$519$201
39 years$3,361$2,145$1,325$798$471$176
40 years$3,240$2,041$1,242$736$427$155
41 years$3,126$1,943$1,165$679$387$137
42 years$3,017$1,851$1,093$626$352$120
43 years$2,914$1,763$1,025$578$319$106
44 years$2,816$1,681$963$534$290$93
45 years$2,722$1,603$904$493$263$82
46 years$2,633$1,529$849$456$239$72
47 years$2,548$1,459$797$421$217$63
48 years$2,466$1,393$749$389$197$56
49 years$2,388$1,330$704$359$179$49
50 years$2,314$1,271$662$332$162$43

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 $3,587 every year, while hoping to spend $27,114 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: 45/33/22 Blend
29$2,370,000$2,370,000$2,370,000$2,370,000
30$2,615,440$2,489,830$2,453,095$2,716,404
31$2,853,366$2,582,983$2,506,425$2,881,024
32$3,114,651$2,679,791$2,560,632$3,056,496
33$3,401,650$2,780,405$2,615,718$3,246,239
34$3,716,957$2,884,983$2,671,682$3,451,593
35$4,063,427$2,993,688$2,728,524$3,674,031
36$4,444,208$3,106,690$2,786,242$3,915,173
37$4,862,768$3,224,169$2,844,831$4,176,799
38$5,322,926$3,346,309$2,904,289$4,460,868
39$5,828,892$3,473,305$2,964,610$4,769,532
40$6,385,301$3,605,359$3,025,786$5,105,159
41$6,997,262$3,742,683$3,087,811$5,470,354
42$7,670,405$3,885,496$3,150,675$5,867,983
43$8,410,930$4,034,029$3,214,366$6,301,197
44$9,225,670$4,188,521$3,278,872$6,773,465
45$10,122,153$4,349,224$3,344,179$7,288,605
46$11,108,675$4,516,398$3,410,271$7,850,817
47$12,194,375$4,690,317$3,477,131$8,464,723
48$13,389,323$4,871,265$3,544,737$9,135,412
49$14,704,617$5,059,539$3,613,068$9,868,485
50$16,152,483$5,255,452$3,682,101$10,670,106
51$17,746,393$5,459,325$3,751,808$11,547,064
52$19,501,192$5,671,499$3,822,160$12,506,831
53$21,433,237$5,892,326$3,893,126$13,557,632
54$23,560,553$6,122,176$3,964,672$14,708,528
55$25,903,001$6,361,434$4,036,760$15,969,491
56$28,482,465$6,610,503$4,109,350$17,351,505
57$31,323,062$6,869,802$4,182,398$18,866,665
58$34,451,364$7,139,773$4,255,858$20,528,289
59$37,896,653$7,420,872$4,329,680$22,351,047
60$41,691,197$7,713,579$4,403,809$24,351,093
61$45,870,550$8,018,396$4,478,187$26,546,218
62$50,473,892$8,335,844$4,552,753$28,956,021
63$55,544,399$8,666,470$4,627,440$31,602,085
64$61,129,646$9,010,845$4,702,178$34,508,185
65$67,282,060$9,369,566$4,776,890$37,700,508
66$74,059,411$9,743,256$4,851,497$41,207,901
67$81,525,361$10,132,565$4,925,912$45,062,140
68$89,750,062$10,538,176$5,000,045$49,298,227
69$98,810,820$10,960,798$5,073,798$53,954,725
70$108,792,823$11,401,176$5,147,069$59,074,110
71$119,789,943$11,860,086$5,219,749$64,703,180
72$131,905,628$12,338,341$5,291,721$70,893,488
73$145,253,872$12,836,789$5,362,863$77,701,830
74$159,960,293$13,356,318$5,433,046$85,190,780
75$176,163,321$13,897,856$5,502,131$93,429,273
76$194,015,501$14,462,372$5,569,973$102,493,259
77$213,684,934$15,050,880$5,636,419$112,466,418
78$235,356,865$15,664,441$5,701,307$123,440,941
79$259,235,428$16,304,162$5,764,464$135,518,404
80$285,545,579$16,971,202$5,825,710$148,810,722
81$314,535,210$17,666,774$5,884,854$163,441,202
82$346,477,500$18,392,144$5,941,695$179,545,707
83$381,673,484$19,148,638$5,996,021$197,273,929
84$420,454,899$19,937,641$6,047,607$216,790,808
85$463,187,317$20,760,604$6,096,220$238,278,079
86$510,273,591$21,619,040$6,141,611$261,935,984
87$562,157,661$22,514,538$6,183,519$287,985,165
88$619,328,746$23,448,753$6,221,670$316,668,736
89$682,325,958$24,423,422$6,255,776$348,254,579
90$751,743,394$25,440,358$6,285,533$383,037,866
91$828,235,745$26,501,461$6,310,623$421,343,842
92$912,524,473$27,608,715$6,330,711$463,530,894
93$1,005,404,625$28,764,197$6,345,446$509,993,923
94$1,107,752,336$29,970,082$6,354,458$561,168,075
95$1,220,533,102$31,228,644$6,357,359$617,532,838
96$1,344,810,892$32,542,260$6,353,744$679,616,566
97$1,481,758,193$33,913,422$6,343,185$748,001,461
98$1,632,667,082$35,344,733$6,325,235$823,329,063
99$1,798,961,419$36,838,919$6,299,424$906,306,302
100$1,982,210,290$38,398,832$6,265,261$997,712,165