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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$195,712$193,969$192,268$190,608$188,987$187,013
2 years$96,887$95,083$93,334$91,639$89,994$88,006
3 years$63,950$62,138$60,393$58,714$57,096$55,156
4 years$47,484$45,678$43,951$42,300$40,721$38,844
5 years$37,608$35,812$34,108$32,490$30,956$29,147
6 years$31,025$29,243$27,564$25,983$24,494$22,756
7 years$26,326$24,558$22,906$21,362$19,920$18,253
8 years$22,802$21,051$19,426$17,920$16,526$14,930
9 years$20,064$18,329$16,732$15,264$13,917$12,392
10 years$17,874$16,156$14,587$13,158$11,858$10,402
11 years$16,083$14,383$12,842$11,451$10,198$8,811
12 years$14,592$12,909$11,397$10,044$8,838$7,517
13 years$13,332$11,666$10,183$8,867$7,707$6,451
14 years$12,252$10,604$9,149$7,872$6,756$5,564
15 years$11,317$9,687$8,260$7,020$5,948$4,818
16 years$10,500$8,888$7,489$6,286$5,257$4,187
17 years$9,780$8,185$6,815$5,648$4,661$3,649
18 years$9,140$7,564$6,221$5,090$4,145$3,188
19 years$8,569$7,010$5,695$4,599$3,694$2,792
20 years$8,055$6,514$5,227$4,165$3,300$2,449
21 years$7,591$6,067$4,808$3,780$2,953$2,152
22 years$7,169$5,664$4,431$3,437$2,647$1,893
23 years$6,785$5,297$4,091$3,130$2,376$1,668
24 years$6,433$4,963$3,784$2,855$2,136$1,471
25 years$6,110$4,658$3,504$2,607$1,922$1,299
26 years$5,813$4,377$3,250$2,384$1,731$1,147
27 years$5,537$4,120$3,018$2,182$1,561$1,014
28 years$5,282$3,882$2,806$1,999$1,408$897
29 years$5,045$3,662$2,611$1,833$1,272$794
30 years$4,824$3,458$2,432$1,683$1,149$703
31 years$4,618$3,269$2,267$1,545$1,039$623
32 years$4,425$3,094$2,115$1,420$940$552
33 years$4,244$2,930$1,975$1,306$850$489
34 years$4,074$2,777$1,845$1,202$770$434
35 years$3,915$2,634$1,725$1,106$697$385
36 years$3,764$2,500$1,614$1,019$632$342
37 years$3,622$2,374$1,511$939$573$303
38 years$3,488$2,256$1,415$865$519$269
39 years$3,361$2,145$1,325$798$471$239
40 years$3,240$2,041$1,242$736$427$212
41 years$3,126$1,943$1,165$679$387$188
42 years$3,017$1,851$1,093$626$352$167
43 years$2,914$1,763$1,025$578$319$149
44 years$2,816$1,681$963$534$290$132
45 years$2,722$1,603$904$493$263$117
46 years$2,633$1,529$849$456$239$104
47 years$2,548$1,459$797$421$217$93
48 years$2,466$1,393$749$389$197$82
49 years$2,388$1,330$704$359$179$73
50 years$2,314$1,271$662$332$162$65

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 $6,989 every year, while hoping to spend $25,195 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: 56/30/14 Blend
29$2,370,000$2,370,000$2,370,000$2,370,000
30$2,618,949$2,493,339$2,456,604$2,755,754
31$2,859,275$2,588,705$2,512,093$2,944,707
32$3,123,269$2,687,900$2,568,597$3,147,080
33$3,413,320$2,791,085$2,626,122$3,366,938
34$3,732,057$2,898,427$2,684,676$3,605,959
35$4,082,379$3,010,102$2,744,264$3,865,986
36$4,467,478$3,126,293$2,804,893$4,149,049
37$4,890,870$3,247,191$2,866,567$4,457,379
38$5,356,432$3,372,996$2,929,290$4,793,430
39$5,868,432$3,503,917$2,993,065$5,159,904
40$6,431,573$3,640,170$3,057,894$5,559,772
41$7,051,039$3,781,983$3,123,779$5,996,304
42$7,732,538$3,929,594$3,190,719$6,473,097
43$8,482,363$4,083,250$3,258,714$6,994,114
44$9,307,445$4,243,210$3,327,761$7,563,712
45$10,215,421$4,409,745$3,397,858$8,186,690
46$11,214,708$4,583,136$3,469,000$8,868,329
47$12,314,577$4,763,678$3,541,180$9,614,443
48$13,525,245$4,951,680$3,614,392$10,431,434
49$14,857,972$5,147,464$3,688,625$11,326,350
50$16,325,160$5,351,365$3,763,869$12,306,949
51$17,940,480$5,563,735$3,840,112$13,381,776
52$19,718,992$5,784,941$3,917,339$14,560,239
53$21,677,292$6,015,366$3,995,533$15,852,698
54$23,833,669$6,255,412$4,074,676$17,270,562
55$26,208,272$6,505,496$4,154,747$18,826,397
56$28,823,308$6,766,058$4,235,723$20,534,038
57$31,703,244$7,037,553$4,317,578$22,408,728
58$34,875,041$7,320,460$4,400,284$24,467,250
59$38,368,412$7,615,279$4,483,810$26,728,093
60$42,216,094$7,922,531$4,568,121$29,211,619
61$46,454,163$8,242,763$4,653,181$31,940,260
62$51,122,375$8,576,545$4,738,950$34,938,722
63$56,264,535$8,924,474$4,825,383$38,234,220
64$61,928,918$9,287,174$4,912,434$41,856,735
65$68,168,718$9,665,296$5,000,050$45,839,293
66$75,042,554$10,059,522$5,088,178$50,218,274
67$82,615,020$10,470,564$5,176,759$55,033,757
68$90,957,300$10,899,169$5,265,727$60,329,897
69$100,147,831$11,346,115$5,355,016$66,155,334
70$110,273,053$11,812,218$5,444,552$72,563,658
71$121,428,216$12,298,329$5,534,257$79,613,908
72$133,718,287$12,805,339$5,624,047$87,371,128
73$147,258,933$13,334,182$5,713,833$95,906,980
74$162,177,619$13,885,831$5,803,521$105,300,418
75$178,614,806$14,461,307$5,893,009$115,638,430
76$196,725,281$15,061,676$5,982,190$127,016,859
77$216,679,616$15,688,054$6,070,949$139,541,302
78$238,665,775$16,341,607$6,159,164$153,328,107
79$262,890,895$17,023,557$6,246,707$168,505,467
80$289,583,236$17,735,180$6,333,441$185,214,628
81$318,994,335$18,477,814$6,419,221$203,611,219
82$351,401,385$19,252,855$6,503,893$223,866,719
83$387,109,848$20,061,766$6,587,295$246,170,072
84$426,456,338$20,906,078$6,669,255$270,729,466
85$469,811,801$21,787,392$6,749,591$297,774,296
86$517,585,013$22,707,383$6,828,111$327,557,328
87$570,226,444$23,667,804$6,904,612$360,357,077
88$628,232,505$24,670,491$6,978,881$396,480,436
89$692,150,238$25,717,362$7,050,691$436,265,567
90$762,582,478$26,810,428$7,119,804$480,085,088
91$840,193,542$27,951,791$7,185,969$528,349,591
92$925,715,506$29,143,651$7,248,922$581,511,508
93$1,019,955,111$30,388,313$7,308,383$640,069,380
94$1,123,801,378$31,688,187$7,364,061$704,572,557
95$1,238,234,007$33,045,796$7,415,645$775,626,380
96$1,364,332,618$34,463,782$7,462,811$853,897,890
97$1,503,286,948$35,944,910$7,505,218$940,122,118
98$1,656,408,079$37,492,074$7,542,506$1,035,109,018
99$1,825,140,821$39,108,303$7,574,298$1,139,751,112
100$2,011,077,345$40,796,770$7,600,197$1,255,031,899