Can I retire at age 30 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$189,932$188,240$186,589$184,978$183,405$178,105
2 years$94,026$92,275$90,577$88,932$87,336$82,038
3 years$62,061$60,302$58,610$56,980$55,409$50,280
4 years$46,082$44,329$42,653$41,051$39,518$34,597
5 years$36,497$34,754$33,100$31,531$30,041$25,341
6 years$30,109$28,379$26,750$25,215$23,771$19,296
7 years$25,548$23,833$22,229$20,731$19,332$15,083
8 years$22,129$20,429$18,852$17,391$16,038$12,012
9 years$19,471$17,787$16,237$14,813$13,506$9,699
10 years$17,346$15,679$14,156$12,769$11,508$7,915
11 years$15,608$13,958$12,463$11,113$9,897$6,512
12 years$14,161$12,528$11,060$9,747$8,577$5,392
13 years$12,938$11,321$9,882$8,606$7,479$4,489
14 years$11,890$10,291$8,879$7,639$6,556$3,753
15 years$10,983$9,401$8,016$6,813$5,772$3,148
16 years$10,190$8,625$7,268$6,100$5,102$2,648
17 years$9,491$7,943$6,614$5,481$4,524$2,233
18 years$8,870$7,340$6,037$4,939$4,022$1,887
19 years$8,316$6,803$5,527$4,463$3,585$1,597
20 years$7,817$6,321$5,072$4,042$3,202$1,353
21 years$7,366$5,888$4,666$3,669$2,866$1,148
22 years$6,957$5,496$4,300$3,336$2,569$975
23 years$6,585$5,141$3,970$3,038$2,306$829
24 years$6,243$4,816$3,672$2,771$2,072$705
25 years$5,930$4,520$3,401$2,530$1,865$600
26 years$5,641$4,248$3,154$2,314$1,680$511
27 years$5,374$3,998$2,929$2,118$1,514$435
28 years$5,126$3,767$2,723$1,940$1,367$371
29 years$4,896$3,554$2,534$1,779$1,234$316
30 years$4,682$3,356$2,360$1,633$1,115$270
31 years$4,482$3,173$2,200$1,500$1,008$230
32 years$4,294$3,002$2,053$1,378$912$196
33 years$4,119$2,843$1,917$1,267$825$167
34 years$3,954$2,695$1,791$1,166$747$143
35 years$3,799$2,556$1,674$1,073$677$122
36 years$3,653$2,426$1,566$989$613$104
37 years$3,515$2,304$1,466$911$556$89
38 years$3,385$2,190$1,373$840$504$76
39 years$3,261$2,082$1,286$774$457$65
40 years$3,144$1,981$1,206$714$414$55
41 years$3,034$1,886$1,131$659$376$47
42 years$2,928$1,796$1,060$608$341$40
43 years$2,828$1,711$995$561$310$34
44 years$2,733$1,631$934$518$281$29
45 years$2,642$1,555$877$479$255$25
46 years$2,555$1,484$824$442$232$21
47 years$2,473$1,416$774$408$210$18
48 years$2,393$1,352$727$377$191$16
49 years$2,318$1,291$684$349$173$13
50 years$2,246$1,233$643$322$158$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,300,000, adding $5,529 every year, while hoping to spend $37,632 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: 58/13/29 Blend
29$2,300,000$2,300,000$2,300,000$2,300,000
30$2,540,303$2,418,403$2,382,753$2,667,176
31$2,759,374$2,496,865$2,422,535$2,833,262
32$2,999,529$2,577,910$2,462,389$3,009,851
33$3,262,878$2,661,625$2,502,276$3,201,642
34$3,551,747$2,748,100$2,542,158$3,410,123
35$3,868,697$2,837,428$2,581,992$3,636,929
36$4,216,548$2,929,706$2,621,732$3,883,863
37$4,598,406$3,025,032$2,661,331$4,152,911
38$5,017,695$3,123,510$2,700,737$4,446,258
39$5,478,184$3,225,247$2,739,896$4,766,312
40$5,984,027$3,330,352$2,778,750$5,115,727
41$6,539,798$3,438,939$2,817,239$5,497,423
42$7,150,538$3,551,128$2,855,297$5,914,619
43$7,821,800$3,667,040$2,892,856$6,370,860
44$8,559,700$3,786,802$2,929,844$6,870,051
45$9,370,979$3,910,544$2,966,183$7,416,496
46$10,263,061$4,038,403$3,001,792$8,014,934
47$11,244,126$4,170,518$3,036,586$8,670,588
48$12,323,189$4,307,036$3,070,473$9,389,211
49$13,510,180$4,448,105$3,103,359$10,177,143
50$14,816,039$4,593,884$3,135,143$11,041,368
51$16,252,822$4,744,531$3,165,717$11,989,581
52$17,833,812$4,900,215$3,194,971$13,030,261
53$19,573,644$5,061,109$3,222,785$14,172,752
54$21,488,443$5,227,391$3,249,036$15,427,346
55$23,595,978$5,399,246$3,273,592$16,805,388
56$25,915,827$5,576,868$3,296,316$18,319,375
57$28,469,561$5,760,455$3,317,063$19,983,079
58$31,280,951$5,950,212$3,335,680$21,811,677
59$34,376,189$6,146,353$3,352,006$23,821,890
60$37,784,136$6,349,100$3,365,874$26,032,144
61$41,536,593$6,558,681$3,377,106$28,462,744
62$45,668,602$6,775,334$3,385,516$31,136,066
63$50,218,778$6,999,303$3,390,909$34,076,763
64$55,229,669$7,230,845$3,393,080$37,312,007
65$60,748,161$7,470,222$3,391,813$40,871,734
66$66,825,919$7,717,708$3,386,884$44,788,939
67$73,519,873$7,973,586$3,378,056$49,099,976
68$80,892,759$8,238,151$3,365,079$53,844,909
69$89,013,706$8,511,705$3,347,695$59,067,886
70$97,958,890$8,794,565$3,325,629$64,817,559
71$107,812,256$9,087,058$3,298,597$71,147,539
72$118,666,304$9,389,522$3,266,298$78,116,907
73$130,622,967$9,702,308$3,228,418$85,790,768
74$143,794,569$10,025,781$3,184,630$94,240,867
75$158,304,889$10,360,318$3,134,589$103,546,265
76$174,290,324$10,706,310$3,077,935$113,794,091
77$191,901,182$11,064,164$3,014,290$125,080,355
78$211,303,094$11,434,300$2,943,260$137,510,863
79$232,678,583$11,817,154$2,864,433$151,202,212
80$256,228,782$12,213,179$2,777,375$166,282,892
81$282,175,338$12,622,844$2,681,637$182,894,498
82$310,762,495$13,046,636$2,576,745$201,193,067
83$342,259,408$13,485,060$2,462,204$221,350,554
84$376,962,680$13,938,640$2,337,500$243,556,452
85$415,199,158$14,407,918$2,202,092$268,019,583
86$457,329,026$14,893,460$2,055,415$294,970,067
87$503,749,196$15,395,848$1,896,881$324,661,501
88$554,897,060$15,915,691$1,725,873$357,373,347
89$611,254,618$16,453,618$1,541,747$393,413,572
90$673,353,026$17,010,282$1,343,833$433,121,558
91$741,777,611$17,586,362$1,131,427$476,871,305
92$817,173,394$18,182,560$903,796$525,074,963
93$900,251,182$18,799,608$660,176$578,186,722
94$991,794,277$19,438,264$399,766$636,707,101
95$1,092,665,869$20,099,314$121,734$701,187,674
96$1,203,817,183$20,783,575$0$772,236,278
97$1,326,296,462$21,491,897$0$850,576,894
98$1,461,258,859$22,225,158$0$936,937,263
99$1,609,977,347$22,984,275$0$1,032,093,430
100$1,773,854,728$23,770,196$0$1,136,942,140