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%19.6%
1 years$196,538$194,788$193,080$191,412$189,785$182,471
2 years$97,296$95,484$93,728$92,025$90,374$83,092
3 years$64,220$62,400$60,648$58,961$57,337$50,317
4 years$47,685$45,871$44,136$42,478$40,893$34,189
5 years$37,766$35,963$34,252$32,627$31,086$24,714
6 years$31,156$29,367$27,680$26,092$24,597$18,562
7 years$26,437$24,662$23,003$21,452$20,004$14,303
8 years$22,899$21,140$19,508$17,996$16,596$11,224
9 years$20,148$18,406$16,802$15,328$13,976$8,925
10 years$17,949$16,224$14,649$13,213$11,908$7,169
11 years$16,151$14,443$12,896$11,499$10,241$5,804
12 years$14,654$12,964$11,445$10,086$8,875$4,727
13 years$13,388$11,715$10,226$8,905$7,739$3,869
14 years$12,304$10,649$9,188$7,905$6,784$3,178
15 years$11,365$9,728$8,295$7,050$5,973$2,619
16 years$10,544$8,925$7,521$6,312$5,279$2,164
17 years$9,821$8,220$6,844$5,671$4,681$1,792
18 years$9,179$7,595$6,247$5,111$4,162$1,486
19 years$8,605$7,039$5,719$4,618$3,710$1,234
20 years$8,089$6,541$5,249$4,183$3,314$1,026
21 years$7,623$6,093$4,828$3,796$2,965$854
22 years$7,199$5,688$4,450$3,452$2,658$711
23 years$6,814$5,319$4,108$3,143$2,386$593
24 years$6,460$4,984$3,800$2,867$2,145$494
25 years$6,136$4,677$3,519$2,618$1,930$412
26 years$5,837$4,396$3,264$2,394$1,738$344
27 years$5,561$4,137$3,031$2,191$1,567$287
28 years$5,305$3,898$2,818$2,008$1,414$240
29 years$5,066$3,678$2,622$1,841$1,277$200
30 years$4,845$3,473$2,442$1,690$1,154$167
31 years$4,638$3,283$2,277$1,552$1,043$140
32 years$4,444$3,107$2,124$1,426$944$117
33 years$4,262$2,942$1,983$1,311$854$98
34 years$4,092$2,788$1,853$1,207$773$82
35 years$3,931$2,645$1,733$1,111$700$68
36 years$3,780$2,510$1,621$1,023$634$57
37 years$3,637$2,384$1,517$943$575$48
38 years$3,502$2,266$1,421$869$521$40
39 years$3,375$2,155$1,331$801$473$33
40 years$3,254$2,050$1,248$739$429$28
41 years$3,139$1,951$1,170$682$389$23
42 years$3,030$1,858$1,097$629$353$19
43 years$2,926$1,771$1,030$581$320$16
44 years$2,828$1,688$967$536$291$14
45 years$2,734$1,609$908$495$264$11
46 years$2,644$1,535$852$457$240$10
47 years$2,559$1,465$801$423$218$8
48 years$2,477$1,399$753$391$198$7
49 years$2,399$1,336$707$361$180$6
50 years$2,324$1,276$665$334$163$5

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 $5,952 every year, while hoping to spend $23,677 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: 45/27/28 Blend
29$2,380,000$2,380,000$2,380,000$2,380,000
30$2,628,899$2,502,759$2,465,869$2,725,681
31$2,871,855$2,600,203$2,523,284$2,892,522
32$3,138,799$2,701,627$2,581,828$3,070,622
33$3,432,152$2,807,202$2,641,515$3,263,326
34$3,754,583$2,917,107$2,702,357$3,472,012
35$4,109,031$3,031,525$2,764,367$3,698,194
36$4,498,734$3,150,652$2,827,555$3,943,535
37$4,927,260$3,274,690$2,891,934$4,209,865
38$5,398,540$3,403,849$2,957,513$4,499,198
39$5,916,905$3,538,351$3,024,304$4,813,745
40$6,487,126$3,678,427$3,092,314$5,155,942
41$7,114,461$3,824,318$3,161,555$5,528,467
42$7,804,701$3,976,275$3,232,032$5,934,265
43$8,564,230$4,134,561$3,303,754$6,376,578
44$9,400,079$4,299,453$3,376,728$6,858,974
45$10,319,998$4,471,236$3,450,959$7,385,378
46$11,332,523$4,650,212$3,526,451$7,960,110
47$12,447,062$4,836,694$3,603,209$8,587,926
48$13,673,980$5,031,010$3,681,235$9,274,060
49$15,024,700$5,233,504$3,760,530$10,024,272
50$16,511,806$5,444,532$3,841,095$10,844,907
51$18,149,167$5,664,471$3,922,928$11,742,946
52$19,952,063$5,893,711$4,006,027$12,726,078
53$21,937,332$6,132,662$4,090,388$13,802,768
54$24,123,529$6,381,751$4,176,004$14,982,335
55$26,531,098$6,641,426$4,262,870$16,275,045
56$29,182,569$6,912,155$4,350,975$17,692,198
57$32,102,767$7,194,426$4,440,308$19,246,241
58$35,319,047$7,488,752$4,530,857$20,950,882
59$38,861,555$7,795,666$4,622,606$22,821,214
60$42,763,508$8,115,727$4,715,537$24,873,866
61$47,061,509$8,449,521$4,809,631$27,127,148
62$51,795,894$8,797,659$4,904,865$29,601,229
63$57,011,111$9,160,780$5,001,214$32,318,325
64$62,756,140$9,539,553$5,098,649$35,302,907
65$69,084,952$9,934,678$5,197,141$38,581,929
66$76,057,026$10,346,886$5,296,654$42,185,084
67$83,737,902$10,776,942$5,397,151$46,145,078
68$92,199,803$11,225,648$5,498,591$50,497,942
69$101,522,319$11,693,840$5,600,929$55,283,369
70$111,793,152$12,182,395$5,704,117$60,545,086
71$123,108,950$12,692,229$5,808,101$66,331,264
72$135,576,216$13,224,301$5,912,826$72,694,973
73$149,312,313$13,779,614$6,018,228$79,694,680
74$164,446,572$14,359,219$6,124,242$87,394,799
75$181,121,515$14,964,213$6,230,796$95,866,297
76$199,494,196$15,595,745$6,337,814$105,187,360
77$219,737,686$16,255,019$6,445,213$115,444,131
78$242,042,707$16,943,292$6,552,905$126,731,521
79$266,619,431$17,661,881$6,660,795$139,154,099
80$293,699,464$18,412,165$6,768,783$152,827,081
81$323,538,034$19,195,586$6,876,762$167,877,412
82$356,416,397$20,013,653$6,984,617$184,444,960
83$392,644,493$20,867,946$7,092,225$202,683,839
84$432,563,874$21,760,118$7,199,458$222,763,853
85$476,550,926$22,691,900$7,306,176$244,872,105
86$525,020,422$23,665,105$7,412,235$269,214,750
87$578,429,437$24,681,627$7,517,476$296,018,944
88$637,281,665$25,743,452$7,621,737$325,534,984
89$702,132,172$26,852,658$7,724,843$358,038,666
90$773,592,635$28,011,420$7,826,607$393,833,883
91$852,337,120$29,222,016$7,926,834$433,255,493
92$939,108,440$30,486,828$8,025,317$476,672,472
93$1,034,725,172$31,808,354$8,121,836$524,491,396
94$1,140,089,383$33,189,206$8,216,160$577,160,274
95$1,256,195,143$34,632,121$8,308,045$635,172,771
96$1,384,137,916$36,139,963$8,397,233$699,072,863
97$1,525,124,894$37,715,731$8,483,450$769,459,968
98$1,680,486,398$39,362,567$8,566,411$846,994,599
99$1,851,688,436$41,083,759$8,645,812$932,404,595
100$2,040,346,544$42,882,751$8,721,334$1,026,491,981