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 $4,364 every year, while hoping to spend $22,441 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: 51/19/30 Blend
29$2,370,000$2,370,000$2,370,000$2,370,000
30$2,616,241$2,490,631$2,453,896$2,727,297
31$2,859,221$2,588,795$2,512,225$2,903,532
32$3,126,232$2,691,017$2,571,755$3,092,483
33$3,419,703$2,797,472$2,632,504$3,297,527
34$3,742,308$2,908,343$2,694,488$3,520,210
35$4,096,992$3,023,821$2,757,722$3,762,231
36$4,487,003$3,144,106$2,822,224$4,025,458
37$4,915,917$3,269,407$2,888,008$4,311,949
38$5,387,674$3,399,941$2,955,090$4,623,966
39$5,906,616$3,535,937$3,023,484$4,964,000
40$6,477,526$3,677,633$3,093,206$5,334,790
41$7,105,675$3,825,278$3,164,269$5,739,353
42$7,796,869$3,979,132$3,236,688$6,181,009
43$8,557,507$4,139,467$3,310,474$6,663,412
44$9,394,638$4,306,567$3,385,641$7,190,585
45$10,316,032$4,480,729$3,462,200$7,766,957
46$11,330,247$4,662,264$3,540,164$8,397,403
47$12,446,713$4,851,497$3,619,541$9,087,292
48$13,675,825$5,048,767$3,700,342$9,842,535
49$15,029,031$5,254,428$3,782,575$10,669,642
50$16,518,949$5,468,853$3,866,249$11,575,780
51$18,159,484$5,692,429$3,951,370$12,568,843
52$19,965,955$5,925,561$4,037,945$13,657,523
53$21,955,243$6,168,674$4,125,976$14,851,395
54$24,145,950$6,422,212$4,215,469$16,161,002
55$26,558,575$6,686,638$4,306,425$17,597,959
56$29,215,704$6,962,438$4,398,845$19,175,056
57$32,142,227$7,250,118$4,492,727$20,906,383
58$35,365,571$7,550,211$4,588,070$22,807,460
59$38,915,958$7,863,270$4,684,870$24,895,381
60$42,826,693$8,189,877$4,783,120$27,188,978
61$47,134,473$8,530,639$4,882,812$29,708,996
62$51,879,740$8,886,191$4,983,937$32,478,286
63$57,107,057$9,257,198$5,086,483$35,522,023
64$62,865,532$9,644,355$5,190,434$38,867,940
65$69,209,278$10,048,390$5,295,776$42,546,590
66$76,197,926$10,470,064$5,402,487$46,591,634
67$83,897,191$10,910,173$5,510,545$51,040,156
68$92,379,482$11,369,550$5,619,927$55,933,009
69$101,724,599$11,849,067$5,730,604$61,315,209
70$112,020,473$12,349,636$5,842,544$67,236,345
71$123,364,005$12,872,212$5,955,713$73,751,060
72$135,861,976$13,417,793$6,070,072$80,919,553
73$149,632,059$13,987,426$6,185,581$88,808,153
74$164,803,922$14,582,204$6,302,191$97,489,941
75$181,520,462$15,203,271$6,419,855$107,045,441
76$199,939,145$15,851,827$6,538,515$117,563,374
77$220,233,497$16,529,126$6,658,115$129,141,497
78$242,594,740$17,236,480$6,778,588$141,887,522
79$267,233,599$17,975,263$6,899,866$155,920,133
80$294,382,289$18,746,913$7,021,875$171,370,104
81$324,296,708$19,552,937$7,144,532$188,381,529
82$357,258,851$20,394,910$7,267,753$207,113,184
83$393,579,474$21,274,481$7,391,444$227,740,020
84$433,601,029$22,193,379$7,515,505$250,454,814
85$477,700,890$23,153,411$7,639,831$275,469,987
86$526,294,922$24,156,469$7,764,306$303,019,605
87$579,841,405$25,204,537$7,888,811$333,361,588
88$638,845,357$26,299,688$8,013,216$366,780,140
89$703,863,307$27,444,096$8,137,382$403,588,432
90$775,508,543$28,640,036$8,261,163$444,131,553
91$854,456,905$29,889,888$8,384,402$488,789,765
92$941,453,165$31,196,148$8,506,935$537,982,090
93$1,037,318,055$32,561,427$8,628,585$592,170,262
94$1,142,956,019$33,988,459$8,749,165$651,863,086
95$1,259,363,748$35,480,109$8,868,477$717,621,230
96$1,387,639,591$37,039,375$8,986,312$790,062,522
97$1,528,993,924$38,669,399$9,102,448$869,867,775
98$1,684,760,574$40,373,469$9,216,650$957,787,211
99$1,856,409,414$42,155,031$9,328,669$1,054,647,535
100$2,045,560,239$44,017,692$9,438,245$1,161,359,745