Can I retire at age 30 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$184,151$182,511$180,911$179,349$177,823$175,528
2 years$91,164$89,466$87,821$86,225$84,678$82,369
3 years$60,172$58,467$56,826$55,245$53,723$51,472
4 years$44,679$42,980$41,355$39,801$38,316$36,140
5 years$35,386$33,696$32,093$30,571$29,127$27,033
6 years$29,193$27,516$25,936$24,448$23,047$21,037
7 years$24,771$23,108$21,553$20,100$18,744$16,818
8 years$21,455$19,808$18,278$16,861$15,550$13,709
9 years$18,878$17,246$15,743$14,362$13,095$11,338
10 years$16,818$15,202$13,725$12,380$11,158$9,483
11 years$15,133$13,533$12,084$10,775$9,596$8,003
12 years$13,730$12,147$10,724$9,451$8,316$6,801
13 years$12,544$10,977$9,581$8,344$7,251$5,814
14 years$11,528$9,978$8,609$7,407$6,357$4,995
15 years$10,649$9,115$7,772$6,605$5,597$4,308
16 years$9,880$8,363$7,047$5,914$4,946$3,728
17 years$9,202$7,702$6,412$5,314$4,386$3,235
18 years$8,600$7,117$5,854$4,789$3,900$2,815
19 years$8,062$6,596$5,359$4,327$3,476$2,454
20 years$7,579$6,129$4,918$3,919$3,105$2,143
21 years$7,142$5,709$4,524$3,557$2,778$1,875
22 years$6,746$5,329$4,169$3,234$2,490$1,642
23 years$6,384$4,984$3,850$2,945$2,236$1,440
24 years$6,053$4,670$3,560$2,686$2,009$1,264
25 years$5,749$4,382$3,297$2,453$1,808$1,111
26 years$5,469$4,119$3,058$2,243$1,629$976
27 years$5,210$3,876$2,840$2,053$1,468$859
28 years$4,970$3,653$2,640$1,881$1,325$756
29 years$4,747$3,446$2,457$1,725$1,196$666
30 years$4,539$3,254$2,288$1,583$1,081$587
31 years$4,345$3,076$2,133$1,454$977$518
32 years$4,164$2,911$1,990$1,336$884$456
33 years$3,994$2,757$1,858$1,229$800$403
34 years$3,834$2,613$1,736$1,131$724$355
35 years$3,683$2,478$1,623$1,041$656$314
36 years$3,542$2,352$1,519$959$594$277
37 years$3,408$2,234$1,421$883$539$244
38 years$3,282$2,123$1,331$814$488$216
39 years$3,162$2,019$1,247$751$443$191
40 years$3,049$1,921$1,169$692$402$168
41 years$2,941$1,828$1,096$639$365$149
42 years$2,839$1,741$1,028$589$331$131
43 years$2,742$1,659$965$544$300$116
44 years$2,650$1,581$906$502$272$103
45 years$2,561$1,508$850$464$247$91
46 years$2,477$1,439$799$429$225$80
47 years$2,397$1,373$750$396$204$71
48 years$2,321$1,311$705$366$185$63
49 years$2,247$1,252$663$338$168$55
50 years$2,177$1,195$623$313$153$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,230,000, adding $3,931 every year, while hoping to spend $44,806 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: 29/43/28 Blend
29$2,230,000$2,230,000$2,230,000$2,230,000
30$2,461,515$2,343,325$2,308,760$2,511,520
31$2,664,916$2,410,475$2,338,430$2,618,503
32$2,887,563$2,479,413$2,367,593$2,729,282
33$3,131,370$2,550,180$2,396,183$2,847,485
34$3,398,448$2,622,817$2,424,133$2,973,787
35$3,691,120$2,697,365$2,451,372$3,108,926
36$4,011,944$2,773,866$2,477,823$3,253,719
37$4,363,739$2,852,362$2,503,406$3,409,062
38$4,749,608$2,932,896$2,528,038$3,575,940
39$5,172,970$3,015,509$2,551,629$3,755,442
40$5,637,590$3,100,246$2,574,086$3,948,761
41$6,147,616$3,187,150$2,595,310$4,157,216
42$6,707,617$3,276,265$2,615,197$4,382,256
43$7,322,626$3,367,634$2,633,638$4,625,478
44$7,998,187$3,461,301$2,650,518$4,888,639
45$8,740,408$3,557,311$2,665,716$5,173,678
46$9,556,017$3,655,706$2,679,105$5,482,728
47$10,452,427$3,756,532$2,690,551$5,818,138
48$11,437,804$3,859,832$2,699,915$6,182,498
49$12,521,145$3,965,649$2,707,047$6,578,660
50$13,712,363$4,074,027$2,711,794$7,009,766
51$15,022,378$4,185,008$2,713,993$7,479,280
52$16,463,222$4,298,636$2,713,474$7,991,016
53$18,048,152$4,414,950$2,710,056$8,549,178
54$19,791,774$4,533,993$2,703,554$9,158,398
55$21,710,181$4,655,804$2,693,768$9,823,780
56$23,821,104$4,780,423$2,680,494$10,550,949
57$26,144,080$4,907,887$2,663,514$11,346,103
58$28,700,637$5,038,234$2,642,602$12,216,074
59$31,514,492$5,171,499$2,617,520$13,168,387
60$34,611,783$5,307,714$2,588,020$14,211,340
61$38,021,305$5,446,913$2,553,839$15,354,074
62$41,774,792$5,589,125$2,514,706$16,606,665
63$45,907,206$5,734,377$2,470,334$17,980,216
64$50,457,075$5,882,696$2,420,424$19,486,966
65$55,466,852$6,034,103$2,364,664$21,140,401
66$60,983,315$6,188,619$2,302,724$22,955,384
67$67,058,011$6,346,259$2,234,264$24,948,298
68$73,747,740$6,507,038$2,158,923$27,137,197
69$81,115,090$6,670,963$2,076,328$29,541,979
70$89,229,030$6,838,041$1,986,085$32,184,575
71$98,165,559$7,008,272$1,887,786$35,089,153
72$108,008,420$7,181,652$1,781,002$38,282,352
73$118,849,898$7,358,172$1,665,285$41,793,530
74$130,791,683$7,537,818$1,540,166$45,655,042
75$143,945,830$7,720,567$1,405,158$49,902,551
76$158,435,823$7,906,392$1,259,749$54,575,357
77$174,397,732$8,095,260$1,103,405$59,716,778
78$191,981,501$8,287,129$935,570$65,374,553
79$211,352,364$8,481,948$755,661$71,601,295
80$232,692,400$8,679,658$563,071$78,454,993
81$256,202,256$8,880,193$357,165$85,999,554
82$282,103,036$9,083,473$137,281$94,305,415
83$310,638,394$9,289,411$0$103,450,200
84$342,076,824$9,497,906$0$113,548,555
85$376,714,204$9,708,847$0$124,711,335
86$414,876,581$9,922,109$0$137,001,626
87$456,923,253$10,137,553$0$150,534,185
88$503,250,157$10,355,025$0$165,435,476
89$554,293,608$10,574,357$0$181,844,859
90$610,534,417$10,795,361$0$199,915,904
91$672,502,429$11,017,835$0$219,817,846
92$740,781,524$11,241,556$0$241,737,178
93$816,015,127$11,466,280$0$265,879,415
94$898,912,285$11,691,743$0$292,471,033
95$990,254,358$11,917,657$0$321,761,605
96$1,090,902,391$12,143,712$0$354,026,163
97$1,201,805,250$12,369,569$0$389,567,791
98$1,324,008,571$12,594,863$0$428,720,485
99$1,458,664,636$12,819,202$0$471,852,311
100$1,607,043,245$13,042,159$0$519,368,878