Can I retire at age 30 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$190,758$189,058$187,401$185,783$184,203$181,300
2 years$94,434$92,676$90,971$89,319$87,716$84,799
3 years$62,331$60,565$58,864$57,227$55,650$52,810
4 years$46,282$44,521$42,838$41,229$39,690$36,949
5 years$36,656$34,905$33,244$31,668$30,172$27,537
6 years$30,240$28,503$26,866$25,325$23,874$21,348
7 years$25,659$23,937$22,326$20,821$19,416$17,000
8 years$22,225$20,518$18,934$17,466$16,107$13,802
9 years$19,556$17,865$16,308$14,877$13,565$11,368
10 years$17,421$15,747$14,218$12,824$11,558$9,467
11 years$15,676$14,019$12,517$11,161$9,940$7,954
12 years$14,223$12,582$11,109$9,790$8,614$6,730
13 years$12,994$11,371$9,925$8,643$7,512$5,727
14 years$11,942$10,336$8,917$7,672$6,585$4,897
15 years$11,031$9,442$8,051$6,842$5,798$4,203
16 years$10,234$8,663$7,300$6,127$5,124$3,620
17 years$9,532$7,978$6,642$5,505$4,543$3,126
18 years$8,909$7,372$6,064$4,961$4,040$2,706
19 years$8,352$6,832$5,551$4,482$3,601$2,347
20 years$7,851$6,349$5,094$4,060$3,216$2,039
21 years$7,398$5,914$4,686$3,684$2,878$1,774
22 years$6,988$5,520$4,319$3,350$2,580$1,546
23 years$6,613$5,163$3,988$3,051$2,316$1,348
24 years$6,270$4,837$3,688$2,783$2,081$1,177
25 years$5,956$4,540$3,416$2,541$1,873$1,029
26 years$5,665$4,267$3,168$2,324$1,687$899
27 years$5,397$4,015$2,942$2,127$1,521$787
28 years$5,148$3,784$2,735$1,949$1,372$689
29 years$4,917$3,569$2,545$1,787$1,239$603
30 years$4,702$3,371$2,370$1,640$1,120$529
31 years$4,501$3,187$2,210$1,506$1,012$463
32 years$4,313$3,015$2,062$1,384$916$406
33 years$4,137$2,855$1,925$1,273$829$356
34 years$3,971$2,706$1,799$1,171$750$312
35 years$3,816$2,567$1,682$1,078$680$274
36 years$3,669$2,436$1,573$993$616$241
37 years$3,530$2,314$1,472$915$558$211
38 years$3,399$2,199$1,379$843$506$185
39 years$3,276$2,091$1,292$778$459$163
40 years$3,158$1,990$1,211$717$416$143
41 years$3,047$1,894$1,135$662$378$125
42 years$2,941$1,804$1,065$611$343$110
43 years$2,840$1,719$999$564$311$97
44 years$2,745$1,638$938$520$282$85
45 years$2,653$1,562$881$481$256$75
46 years$2,566$1,490$827$444$233$66
47 years$2,483$1,422$777$410$211$58
48 years$2,404$1,358$730$379$192$51
49 years$2,328$1,296$687$350$174$44
50 years$2,255$1,238$645$324$158$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,310,000, adding $6,249 every year, while hoping to spend $43,714 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: 61/28/11 Blend
29$2,310,000$2,310,000$2,310,000$2,310,000
30$2,552,066$2,429,636$2,393,831$2,700,812
31$2,765,865$2,502,177$2,427,513$2,873,884
32$3,000,007$2,576,807$2,460,858$3,057,107
33$3,256,520$2,653,583$2,493,809$3,255,957
34$3,537,638$2,732,562$2,526,305$3,471,947
35$3,845,823$2,813,803$2,558,282$3,706,740
36$4,183,784$2,897,366$2,589,671$3,962,169
37$4,554,506$2,983,313$2,620,401$4,240,250
38$4,961,276$3,071,706$2,650,396$4,543,202
39$5,407,718$3,162,611$2,679,575$4,873,472
40$5,897,818$3,256,092$2,707,854$5,233,749
41$6,435,972$3,352,217$2,735,143$5,626,997
42$7,027,019$3,451,054$2,761,349$6,056,479
43$7,676,293$3,552,673$2,786,372$6,525,791
44$8,389,667$3,657,146$2,810,107$7,038,888
45$9,173,612$3,764,545$2,832,445$7,600,132
46$10,035,258$3,874,946$2,853,270$8,214,322
47$10,982,459$3,988,423$2,872,459$8,886,747
48$12,023,868$4,105,054$2,889,885$9,623,232
49$13,169,019$4,224,917$2,905,412$10,430,195
50$14,428,414$4,348,094$2,918,898$11,314,702
51$15,813,627$4,474,665$2,930,196$12,284,541
52$17,337,407$4,604,714$2,939,148$13,348,289
53$19,013,803$4,738,325$2,945,589$14,515,396
54$20,858,292$4,875,584$2,949,348$15,796,272
55$22,887,929$5,016,579$2,950,242$17,202,388
56$25,121,505$5,161,399$2,948,083$18,746,379
57$27,579,725$5,310,133$2,942,670$20,442,167
58$30,285,401$5,462,874$2,933,794$22,305,093
59$33,263,672$5,619,715$2,921,236$24,352,055
60$36,542,235$5,780,749$2,904,765$26,601,675
61$40,151,610$5,946,073$2,884,142$29,074,470
62$44,125,426$6,115,782$2,859,112$31,793,046
63$48,500,739$6,289,976$2,829,413$34,782,312
64$53,318,382$6,468,752$2,794,765$38,069,714
65$58,623,348$6,652,211$2,754,880$41,685,493
66$64,465,214$6,840,454$2,709,453$45,662,974
67$70,898,612$7,033,583$2,658,167$50,038,874
68$77,983,743$7,231,701$2,600,687$54,853,653
69$85,786,941$7,434,910$2,536,667$60,151,895
70$94,381,304$7,643,316$2,465,741$65,982,727
71$103,847,381$7,857,023$2,387,527$72,400,283
72$114,273,933$8,076,136$2,301,628$79,464,215
73$125,758,767$8,300,760$2,207,626$87,240,256
74$138,409,665$8,531,001$2,105,085$95,800,841
75$152,345,395$8,766,964$1,993,549$105,225,787
76$167,696,835$9,008,754$1,872,542$115,603,050
77$184,608,205$9,256,477$1,741,566$127,029,554
78$203,238,434$9,510,236$1,600,101$139,612,104
79$223,762,653$9,770,136$1,447,602$153,468,396
80$246,373,849$10,036,278$1,283,502$168,728,127
81$271,284,691$10,308,765$1,107,209$185,534,219
82$298,729,531$10,587,696$918,102$204,044,168
83$328,966,619$10,873,169$715,534$224,431,532
84$362,280,540$11,165,281$498,831$246,887,564
85$398,984,901$11,464,125$267,287$271,623,027
86$439,425,286$11,769,792$20,167$298,870,172
87$483,982,524$12,082,371$0$328,884,939
88$533,076,280$12,401,945$0$361,977,956
89$587,169,016$12,728,597$0$398,435,827
90$646,770,359$13,062,401$0$438,598,785
91$712,441,907$13,403,430$0$482,844,369
92$784,802,533$13,751,750$0$531,588,617
93$864,534,227$14,107,421$0$585,289,993
94$952,388,532$14,470,498$0$644,453,716
95$1,049,193,638$14,841,029$0$709,636,524
96$1,155,862,201$15,219,051$0$781,451,935
97$1,273,399,958$15,604,597$0$860,576,034
98$1,402,915,221$15,997,689$0$947,753,857
99$1,545,629,337$16,398,340$0$1,043,806,420
100$1,702,888,221$16,806,550$0$1,149,638,475