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

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$196,538$194,788$193,080$191,412$189,785$186,105
2 years$97,296$95,484$93,728$92,025$90,374$86,681
3 years$64,220$62,400$60,648$58,961$57,337$53,747
4 years$47,685$45,871$44,136$42,478$40,893$37,434
5 years$37,766$35,963$34,252$32,627$31,086$27,767
6 years$31,156$29,367$27,680$26,092$24,597$21,422
7 years$26,437$24,662$23,003$21,452$20,004$16,973
8 years$22,899$21,140$19,508$17,996$16,596$13,708
9 years$20,148$18,406$16,802$15,328$13,976$11,230
10 years$17,949$16,224$14,649$13,213$11,908$9,301
11 years$16,151$14,443$12,896$11,499$10,241$7,771
12 years$14,654$12,964$11,445$10,086$8,875$6,537
13 years$13,388$11,715$10,226$8,905$7,739$5,530
14 years$12,304$10,649$9,188$7,905$6,784$4,699
15 years$11,365$9,728$8,295$7,050$5,973$4,009
16 years$10,544$8,925$7,521$6,312$5,279$3,431
17 years$9,821$8,220$6,844$5,671$4,681$2,944
18 years$9,179$7,595$6,247$5,111$4,162$2,531
19 years$8,605$7,039$5,719$4,618$3,710$2,181
20 years$8,089$6,541$5,249$4,183$3,314$1,882
21 years$7,623$6,093$4,828$3,796$2,965$1,627
22 years$7,199$5,688$4,450$3,452$2,658$1,408
23 years$6,814$5,319$4,108$3,143$2,386$1,219
24 years$6,460$4,984$3,800$2,867$2,145$1,057
25 years$6,136$4,677$3,519$2,618$1,930$917
26 years$5,837$4,396$3,264$2,394$1,738$796
27 years$5,561$4,137$3,031$2,191$1,567$691
28 years$5,305$3,898$2,818$2,008$1,414$601
29 years$5,066$3,678$2,622$1,841$1,277$522
30 years$4,845$3,473$2,442$1,690$1,154$454
31 years$4,638$3,283$2,277$1,552$1,043$395
32 years$4,444$3,107$2,124$1,426$944$344
33 years$4,262$2,942$1,983$1,311$854$299
34 years$4,092$2,788$1,853$1,207$773$261
35 years$3,931$2,645$1,733$1,111$700$227
36 years$3,780$2,510$1,621$1,023$634$198
37 years$3,637$2,384$1,517$943$575$172
38 years$3,502$2,266$1,421$869$521$150
39 years$3,375$2,155$1,331$801$473$131
40 years$3,254$2,050$1,248$739$429$114
41 years$3,139$1,951$1,170$682$389$99
42 years$3,030$1,858$1,097$629$353$86
43 years$2,926$1,771$1,030$581$320$75
44 years$2,828$1,688$967$536$291$66
45 years$2,734$1,609$908$495$264$57
46 years$2,644$1,535$852$457$240$50
47 years$2,559$1,465$801$423$218$43
48 years$2,477$1,399$753$391$198$38
49 years$2,399$1,336$707$361$180$33
50 years$2,324$1,276$665$334$163$29

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 $6,555 every year, while hoping to spend $30,926 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: 69/9/22 Blend
29$2,380,000$2,380,000$2,380,000$2,380,000
30$2,629,521$2,503,381$2,466,491$2,796,030
31$2,864,828$2,593,142$2,516,214$2,997,991
32$3,123,099$2,686,265$2,566,566$3,214,701
33$3,406,644$2,782,881$2,617,535$3,451,101
34$3,718,008$2,883,128$2,669,109$3,709,137
35$4,059,994$2,987,151$2,721,273$3,990,951
36$4,435,689$3,095,097$2,774,011$4,298,901
37$4,848,494$3,207,121$2,827,305$4,635,583
38$5,302,157$3,323,387$2,881,137$5,003,858
39$5,800,806$3,444,062$2,935,484$5,406,876
40$6,348,988$3,569,321$2,990,323$5,848,107
41$6,951,715$3,699,348$3,045,629$6,331,372
42$7,614,507$3,834,333$3,101,374$6,860,880
43$8,343,446$3,974,474$3,157,529$7,441,269
44$9,145,232$4,119,978$3,214,061$8,077,646
45$10,027,249$4,271,061$3,270,936$8,775,637
46$10,997,633$4,427,947$3,328,116$9,541,441
47$12,065,344$4,590,869$3,385,561$10,381,886
48$13,240,260$4,760,072$3,443,228$11,304,495
49$14,533,261$4,935,811$3,501,071$12,317,554
50$15,956,337$5,118,349$3,559,040$13,430,195
51$17,522,698$5,307,962$3,617,082$14,652,477
52$19,246,901$5,504,940$3,675,142$15,995,482
53$21,144,984$5,709,581$3,733,159$17,471,422
54$23,234,621$5,922,200$3,791,068$19,093,749
55$25,535,286$6,143,121$3,848,802$20,877,286
56$28,068,437$6,372,685$3,906,289$22,838,366
57$30,857,718$6,611,248$3,963,450$24,994,985
58$33,929,185$6,859,178$4,020,205$27,366,969
59$37,311,546$7,116,863$4,076,467$29,976,166
60$41,036,439$7,384,703$4,132,143$32,846,648
61$45,138,722$7,663,121$4,187,137$36,004,941
62$49,656,811$7,952,552$4,241,344$39,480,271
63$54,633,033$8,253,455$4,294,657$43,304,844
64$60,114,034$8,566,306$4,346,959$47,514,145
65$66,151,212$8,891,601$4,398,129$52,147,278
66$72,801,207$9,229,862$4,448,038$57,247,328
67$80,126,433$9,581,627$4,496,550$62,861,776
68$88,195,666$9,947,464$4,543,522$69,042,938
69$97,084,696$10,327,962$4,588,801$75,848,465
70$106,877,038$10,723,735$4,632,230$83,341,882
71$117,664,725$11,135,427$4,673,638$91,593,192
72$129,549,172$11,563,708$4,712,850$100,679,532
73$142,642,136$12,009,278$4,749,679$110,685,904
74$157,066,770$12,472,869$4,783,929$121,705,975
75$172,958,782$12,955,241$4,815,393$133,842,961
76$190,467,723$13,457,193$4,843,854$147,210,603
77$209,758,391$13,979,556$4,869,083$161,934,238
78$231,012,391$14,523,197$4,890,841$178,151,981
79$254,429,845$15,089,025$4,908,874$196,016,031
80$280,231,287$15,677,985$4,922,919$215,694,106
81$308,659,738$16,291,066$4,932,697$237,371,025
82$339,983,004$16,929,301$4,937,916$261,250,454
83$374,496,203$17,593,769$4,938,268$287,556,827
84$412,524,548$18,285,596$4,933,433$316,537,463
85$454,426,422$19,005,960$4,923,072$348,464,904
86$500,596,753$19,756,089$4,906,831$383,639,482
87$551,470,752$20,537,267$4,884,340$422,392,160
88$607,528,013$21,350,837$4,855,210$465,087,649
89$669,297,042$22,198,200$4,819,031$512,127,856
90$737,360,249$23,080,821$4,775,377$563,955,674
91$812,359,443$24,000,229$4,723,801$621,059,167
92$895,001,891$24,958,025$4,663,833$683,976,169
93$986,066,995$25,955,879$4,594,982$753,299,370
94$1,086,413,649$26,995,538$4,516,735$829,681,905
95$1,196,988,348$28,078,826$4,428,552$913,843,518
96$1,318,834,122$29,207,651$4,329,871$1,006,577,363
97$1,453,100,384$30,384,007$4,220,103$1,108,757,485
98$1,601,053,777$31,609,978$4,098,631$1,221,347,070
99$1,764,090,137$32,887,742$3,964,810$1,345,407,545
100$1,943,747,665$34,219,575$3,817,965$1,482,108,588