Can I retire at age 30 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$196,538$194,788$193,080$191,412$189,785$183,124
2 years$97,296$95,484$93,728$92,025$90,374$83,733
3 years$64,220$62,400$60,648$58,961$57,337$50,925
4 years$47,685$45,871$44,136$42,478$40,893$34,759
5 years$37,766$35,963$34,252$32,627$31,086$25,246
6 years$31,156$29,367$27,680$26,092$24,597$19,055
7 years$26,437$24,662$23,003$21,452$20,004$14,760
8 years$22,899$21,140$19,508$17,996$16,596$11,644
9 years$20,148$18,406$16,802$15,328$13,976$9,311
10 years$17,949$16,224$14,649$13,213$11,908$7,522
11 years$16,151$14,443$12,896$11,499$10,241$6,125
12 years$14,654$12,964$11,445$10,086$8,875$5,018
13 years$13,388$11,715$10,226$8,905$7,739$4,132
14 years$12,304$10,649$9,188$7,905$6,784$3,416
15 years$11,365$9,728$8,295$7,050$5,973$2,834
16 years$10,544$8,925$7,521$6,312$5,279$2,357
17 years$9,821$8,220$6,844$5,671$4,681$1,964
18 years$9,179$7,595$6,247$5,111$4,162$1,640
19 years$8,605$7,039$5,719$4,618$3,710$1,371
20 years$8,089$6,541$5,249$4,183$3,314$1,148
21 years$7,623$6,093$4,828$3,796$2,965$962
22 years$7,199$5,688$4,450$3,452$2,658$807
23 years$6,814$5,319$4,108$3,143$2,386$677
24 years$6,460$4,984$3,800$2,867$2,145$569
25 years$6,136$4,677$3,519$2,618$1,930$478
26 years$5,837$4,396$3,264$2,394$1,738$402
27 years$5,561$4,137$3,031$2,191$1,567$338
28 years$5,305$3,898$2,818$2,008$1,414$284
29 years$5,066$3,678$2,622$1,841$1,277$239
30 years$4,845$3,473$2,442$1,690$1,154$201
31 years$4,638$3,283$2,277$1,552$1,043$169
32 years$4,444$3,107$2,124$1,426$944$143
33 years$4,262$2,942$1,983$1,311$854$120
34 years$4,092$2,788$1,853$1,207$773$101
35 years$3,931$2,645$1,733$1,111$700$85
36 years$3,780$2,510$1,621$1,023$634$72
37 years$3,637$2,384$1,517$943$575$60
38 years$3,502$2,266$1,421$869$521$51
39 years$3,375$2,155$1,331$801$473$43
40 years$3,254$2,050$1,248$739$429$36
41 years$3,139$1,951$1,170$682$389$30
42 years$3,030$1,858$1,097$629$353$26
43 years$2,926$1,771$1,030$581$320$22
44 years$2,828$1,688$967$536$291$18
45 years$2,734$1,609$908$495$264$15
46 years$2,644$1,535$852$457$240$13
47 years$2,559$1,465$801$423$218$11
48 years$2,477$1,399$753$391$198$9
49 years$2,399$1,336$707$361$180$8
50 years$2,324$1,276$665$334$163$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,380,000, adding $2,098 every year, while hoping to spend $46,051 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: 27/48/25 Blend
29$2,380,000$2,380,000$2,380,000$2,380,000
30$2,624,924$2,498,784$2,461,894$2,675,171
31$2,843,668$2,572,227$2,495,370$2,788,926
32$3,083,181$2,647,724$2,528,423$2,906,837
33$3,345,532$2,725,329$2,560,992$3,032,482
34$3,633,001$2,805,095$2,593,010$3,166,550
35$3,948,098$2,887,075$2,624,406$3,309,795
36$4,293,587$2,971,325$2,655,107$3,463,049
37$4,672,514$3,057,901$2,685,034$3,627,227
38$5,088,232$3,146,860$2,714,104$3,803,334
39$5,544,435$3,238,260$2,742,231$3,992,476
40$6,045,194$3,332,161$2,769,321$4,195,870
41$6,594,989$3,428,622$2,795,279$4,414,854
42$7,198,759$3,527,706$2,820,002$4,650,903
43$7,861,943$3,629,473$2,843,382$4,905,639
44$8,590,531$3,733,988$2,865,306$5,180,846
45$9,391,126$3,841,314$2,885,655$5,478,491
46$10,270,999$3,951,517$2,904,302$5,800,737
47$11,238,162$4,064,662$2,921,117$6,149,968
48$12,301,440$4,180,816$2,935,960$6,528,807
49$13,470,557$4,300,046$2,948,685$6,940,145
50$14,756,227$4,422,421$2,959,139$7,387,163
51$16,170,253$4,548,011$2,967,161$7,873,367
52$17,725,640$4,676,884$2,972,582$8,402,618
53$19,436,715$4,809,112$2,975,224$8,979,169
54$21,319,267$4,944,766$2,974,901$9,607,706
55$23,390,690$5,083,916$2,971,417$10,293,389
56$25,670,148$5,226,636$2,964,568$11,041,905
57$28,178,760$5,372,998$2,954,137$11,859,518
58$30,939,794$5,523,075$2,939,901$12,753,130
59$33,978,887$5,676,940$2,921,622$13,730,345
60$37,324,289$5,834,666$2,899,052$14,799,541
61$41,007,129$5,996,326$2,871,932$15,969,951
62$45,061,704$6,161,995$2,839,990$17,251,746
63$49,525,810$6,331,744$2,802,942$18,656,136
64$54,441,090$6,505,648$2,760,488$20,195,471
65$59,853,434$6,683,777$2,712,317$21,883,361
66$65,813,407$6,866,204$2,658,102$23,734,802
67$72,376,727$7,053,001$2,597,501$25,766,322
68$79,604,791$7,244,236$2,530,156$27,996,131
69$87,565,256$7,439,980$2,455,692$30,444,298
70$96,332,673$7,640,299$2,373,718$33,132,938
71$105,989,192$7,845,261$2,283,825$36,086,422
72$116,625,340$8,054,929$2,185,583$39,331,608
73$128,340,871$8,269,367$2,078,546$42,898,092
74$141,245,707$8,488,634$1,962,245$46,818,490
75$155,460,980$8,712,788$1,836,191$51,128,748
76$171,120,170$8,941,884$1,699,873$55,868,476
77$188,370,365$9,175,974$1,552,757$61,081,327
78$207,373,653$9,415,107$1,394,284$66,815,410
79$228,308,645$9,659,327$1,223,873$73,123,741
80$251,372,167$9,908,674$1,040,913$80,064,747
81$276,781,113$10,163,184$844,769$87,702,817
82$304,774,496$10,422,889$634,777$96,108,910
83$335,615,697$10,687,813$410,244$105,361,228
84$369,594,957$10,957,976$170,447$115,545,952
85$407,032,116$11,233,390$0$126,758,059
86$448,279,627$11,514,061$0$139,125,013
87$493,725,887$11,799,988$0$152,789,373
88$543,798,900$12,091,159$0$167,832,964
89$598,970,319$12,387,557$0$184,396,111
90$659,759,896$12,689,152$0$202,633,446
91$726,740,390$12,995,905$0$222,715,365
92$800,542,972$13,307,767$0$244,829,639
93$881,863,181$13,624,674$0$269,183,187
94$971,467,494$13,946,551$0$296,004,026
95$1,070,200,556$14,273,310$0$325,543,424
96$1,178,993,157$14,604,846$0$358,078,275
97$1,298,871,016$14,941,040$0$393,913,708
98$1,430,964,464$15,281,755$0$433,385,972
99$1,576,519,114$15,626,837$0$476,865,605
100$1,736,907,622$15,976,110$0$524,760,938