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%15.2%
1 years$196,538$194,788$193,080$191,412$189,785$185,725
2 years$97,296$95,484$93,728$92,025$90,374$86,303
3 years$64,220$62,400$60,648$58,961$57,337$53,383
4 years$47,685$45,871$44,136$42,478$40,893$37,086
5 years$37,766$35,963$34,252$32,627$31,086$27,437
6 years$31,156$29,367$27,680$26,092$24,597$21,110
7 years$26,437$24,662$23,003$21,452$20,004$16,679
8 years$22,899$21,140$19,508$17,996$16,596$13,431
9 years$20,148$18,406$16,802$15,328$13,976$10,970
10 years$17,949$16,224$14,649$13,213$11,908$9,058
11 years$16,151$14,443$12,896$11,499$10,241$7,544
12 years$14,654$12,964$11,445$10,086$8,875$6,325
13 years$13,388$11,715$10,226$8,905$7,739$5,333
14 years$12,304$10,649$9,188$7,905$6,784$4,517
15 years$11,365$9,728$8,295$7,050$5,973$3,840
16 years$10,544$8,925$7,521$6,312$5,279$3,274
17 years$9,821$8,220$6,844$5,671$4,681$2,800
18 years$9,179$7,595$6,247$5,111$4,162$2,399
19 years$8,605$7,039$5,719$4,618$3,710$2,059
20 years$8,089$6,541$5,249$4,183$3,314$1,770
21 years$7,623$6,093$4,828$3,796$2,965$1,524
22 years$7,199$5,688$4,450$3,452$2,658$1,314
23 years$6,814$5,319$4,108$3,143$2,386$1,133
24 years$6,460$4,984$3,800$2,867$2,145$979
25 years$6,136$4,677$3,519$2,618$1,930$846
26 years$5,837$4,396$3,264$2,394$1,738$731
27 years$5,561$4,137$3,031$2,191$1,567$633
28 years$5,305$3,898$2,818$2,008$1,414$548
29 years$5,066$3,678$2,622$1,841$1,277$474
30 years$4,845$3,473$2,442$1,690$1,154$411
31 years$4,638$3,283$2,277$1,552$1,043$356
32 years$4,444$3,107$2,124$1,426$944$308
33 years$4,262$2,942$1,983$1,311$854$267
34 years$4,092$2,788$1,853$1,207$773$232
35 years$3,931$2,645$1,733$1,111$700$201
36 years$3,780$2,510$1,621$1,023$634$174
37 years$3,637$2,384$1,517$943$575$151
38 years$3,502$2,266$1,421$869$521$131
39 years$3,375$2,155$1,331$801$473$114
40 years$3,254$2,050$1,248$739$429$99
41 years$3,139$1,951$1,170$682$389$86
42 years$3,030$1,858$1,097$629$353$74
43 years$2,926$1,771$1,030$581$320$64
44 years$2,828$1,688$967$536$291$56
45 years$2,734$1,609$908$495$264$49
46 years$2,644$1,535$852$457$240$42
47 years$2,559$1,465$801$423$218$37
48 years$2,477$1,399$753$391$198$32
49 years$2,399$1,336$707$361$180$28
50 years$2,324$1,276$665$334$163$24

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 $2,788 every year, while hoping to spend $57,714 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: 64/14/22 Blend
29$2,380,000$2,380,000$2,380,000$2,380,000
30$2,625,636$2,499,496$2,462,606$2,778,578
31$2,832,043$2,560,564$2,483,696$2,943,028
32$3,057,570$2,622,690$2,503,558$3,115,882
33$3,304,106$2,685,865$2,522,090$3,303,408
34$3,573,729$2,750,077$2,539,186$3,507,049
35$3,868,732$2,815,313$2,554,730$3,728,393
36$4,191,635$2,881,556$2,568,606$3,969,187
37$4,545,215$2,948,786$2,580,688$4,231,360
38$4,932,531$3,016,980$2,590,845$4,517,036
39$5,356,949$3,086,112$2,598,938$4,828,553
40$5,822,179$3,156,153$2,604,824$5,168,492
41$6,332,305$3,227,068$2,608,349$5,539,694
42$6,891,827$3,298,821$2,609,355$5,945,289
43$7,505,699$3,371,369$2,607,674$6,388,729
44$8,179,379$3,444,665$2,603,131$6,873,817
45$8,918,880$3,518,658$2,595,540$7,404,743
46$9,730,824$3,593,290$2,584,708$7,986,126
47$10,622,506$3,668,499$2,570,434$8,623,056
48$11,601,963$3,744,217$2,552,505$9,321,143
49$12,678,047$3,820,367$2,530,697$10,086,569
50$13,860,510$3,896,868$2,504,779$10,926,148
51$15,160,099$3,973,631$2,474,505$11,847,389
52$16,588,648$4,050,558$2,439,621$12,858,568
53$18,159,200$4,127,545$2,399,857$13,968,807
54$19,886,121$4,204,477$2,354,935$15,188,158
55$21,785,240$4,281,231$2,304,560$16,527,701
56$23,873,997$4,357,675$2,248,426$17,999,647
57$26,171,608$4,433,664$2,186,211$19,617,454
58$28,699,243$4,509,044$2,117,580$21,395,954
59$31,480,227$4,583,649$2,042,180$23,351,495
60$34,540,262$4,657,300$1,959,645$25,502,094
61$37,907,666$4,729,804$1,869,591$27,867,607
62$41,613,641$4,800,957$1,771,614$30,469,919
63$45,692,565$4,870,538$1,665,297$33,333,150
64$50,182,322$4,938,309$1,550,199$36,483,884
65$55,124,651$5,004,018$1,425,863$39,951,417
66$60,565,544$5,067,394$1,291,809$43,768,040
67$66,555,682$5,128,149$1,147,537$47,969,339
68$73,150,906$5,185,972$992,524$52,594,535
69$80,412,749$5,240,536$826,224$57,686,853
70$88,409,014$5,291,487$648,067$63,293,934
71$97,214,415$5,338,450$457,458$69,468,281
72$106,911,278$5,381,027$253,776$76,267,758
73$117,590,323$5,418,792$36,372$83,756,138
74$129,351,514$5,451,291$0$92,003,704
75$142,305,006$5,478,042$0$101,133,840
76$156,572,183$5,498,533$0$111,198,085
77$172,286,803$5,512,218$0$122,282,146
78$189,596,257$5,518,517$0$134,489,892
79$208,662,967$5,516,815$0$147,935,783
80$229,665,909$5,506,459$0$162,745,949
81$252,802,310$5,486,754$0$179,059,389
82$278,289,504$5,456,963$0$197,029,273
83$306,366,984$5,416,305$0$216,824,397
84$337,298,664$5,363,952$0$238,630,769
85$371,375,366$5,299,024$0$262,653,370
86$408,917,567$5,220,590$0$289,118,088
87$450,278,423$5,127,663$0$318,273,851
88$495,847,101$5,019,197$0$350,394,974
89$546,052,453$4,894,085$0$385,783,756
90$601,367,063$4,751,155$0$424,773,325
91$662,311,707$4,589,165$0$467,730,790
92$729,460,268$4,406,801$0$515,060,707
93$803,445,154$4,202,674$0$567,208,893
94$884,963,268$3,975,312$0$624,666,641
95$974,782,579$3,723,161$0$687,975,356
96$1,073,749,383$3,444,576$0$757,731,669
97$1,182,796,278$3,137,818$0$834,593,065
98$1,302,950,976$2,801,050$0$919,284,098
99$1,435,346,003$2,432,328$0$1,012,603,227
100$1,581,229,384$2,029,601$0$1,115,430,357