Can I retire at age 30 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$191,583$189,877$188,212$186,587$185,000$180,969
2 years$94,843$93,077$91,365$89,705$88,095$84,054
3 years$62,601$60,827$59,119$57,475$55,891$51,967
4 years$46,483$44,714$43,024$41,408$39,862$36,084
5 years$36,814$35,056$33,388$31,805$30,303$26,682
6 years$30,371$28,626$26,983$25,435$23,977$20,517
7 years$25,770$24,040$22,423$20,911$19,500$16,202
8 years$22,321$20,607$19,016$17,542$16,177$13,039
9 years$19,640$17,942$16,379$14,942$13,624$10,644
10 years$17,497$15,815$14,279$12,880$11,608$8,783
11 years$15,744$14,079$12,571$11,209$9,983$7,310
12 years$14,284$12,637$11,157$9,832$8,651$6,126
13 years$13,050$11,420$9,968$8,680$7,544$5,161
14 years$11,994$10,380$8,956$7,705$6,613$4,368
15 years$11,078$9,483$8,086$6,872$5,823$3,711
16 years$10,278$8,700$7,331$6,153$5,146$3,162
17 years$9,573$8,013$6,671$5,528$4,563$2,702
18 years$8,947$7,404$6,090$4,982$4,057$2,313
19 years$8,388$6,862$5,575$4,502$3,616$1,984
20 years$7,885$6,376$5,116$4,077$3,230$1,705
21 years$7,431$5,939$4,706$3,700$2,891$1,467
22 years$7,018$5,544$4,337$3,365$2,591$1,263
23 years$6,642$5,185$4,005$3,064$2,326$1,089
24 years$6,298$4,858$3,704$2,795$2,090$939
25 years$5,981$4,559$3,430$2,552$1,881$811
26 years$5,690$4,285$3,182$2,334$1,694$701
27 years$5,420$4,033$2,954$2,136$1,528$606
28 years$5,171$3,800$2,746$1,957$1,378$524
29 years$4,939$3,585$2,556$1,795$1,245$453
30 years$4,723$3,386$2,381$1,647$1,125$392
31 years$4,521$3,200$2,219$1,513$1,017$340
32 years$4,332$3,028$2,071$1,390$920$294
33 years$4,155$2,868$1,933$1,278$832$255
34 years$3,989$2,718$1,807$1,176$754$221
35 years$3,832$2,578$1,689$1,083$683$191
36 years$3,685$2,447$1,580$997$618$166
37 years$3,546$2,324$1,479$919$561$144
38 years$3,414$2,209$1,385$847$508$124
39 years$3,290$2,100$1,297$781$461$108
40 years$3,172$1,998$1,216$720$418$93
41 years$3,060$1,902$1,140$665$379$81
42 years$2,954$1,811$1,070$613$344$70
43 years$2,853$1,726$1,004$566$312$61
44 years$2,756$1,645$942$523$283$53
45 years$2,665$1,569$885$483$257$46
46 years$2,577$1,497$831$446$234$40
47 years$2,494$1,428$781$412$212$34
48 years$2,414$1,363$734$381$193$30
49 years$2,338$1,302$690$352$175$26
50 years$2,265$1,244$648$325$159$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,320,000, adding $3,472 every year, while hoping to spend $25,262 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: 76/18/6 Blend
29$2,320,000$2,320,000$2,320,000$2,320,000
30$2,560,221$2,437,261$2,401,301$2,753,029
31$2,794,485$2,529,809$2,454,866$2,972,717
32$3,051,798$2,626,044$2,509,379$3,209,847
33$3,334,482$2,726,122$2,564,845$3,469,015
34$3,645,100$2,830,202$2,621,268$3,752,394
35$3,986,472$2,938,453$2,678,651$4,062,380
36$4,361,705$3,051,050$2,736,999$4,401,609
37$4,774,223$3,168,176$2,796,313$4,772,982
38$5,227,798$3,290,021$2,856,593$5,179,695
39$5,726,585$3,416,784$2,917,842$5,625,266
40$6,275,164$3,548,674$2,980,056$6,113,569
41$6,878,579$3,685,907$3,043,236$6,648,870
42$7,542,387$3,828,709$3,107,378$7,235,866
43$8,272,713$3,977,319$3,172,478$7,879,731
44$9,076,304$4,131,981$3,238,530$8,586,162
45$9,960,594$4,292,955$3,305,528$9,361,434
46$10,933,775$4,460,510$3,373,463$10,212,458
47$12,004,871$4,634,927$3,442,325$11,146,846
48$13,183,829$4,816,499$3,512,104$12,172,981
49$14,481,606$5,005,534$3,582,786$13,300,099
50$15,910,277$5,202,352$3,654,357$14,538,371
51$17,483,146$5,407,288$3,726,798$15,899,003
52$19,214,873$5,620,692$3,800,092$17,394,338
53$21,121,612$5,842,928$3,874,218$19,037,973
54$23,221,164$6,074,379$3,949,151$20,844,887
55$25,533,142$6,315,443$4,024,867$22,831,580
56$28,079,160$6,566,536$4,101,337$25,016,232
57$30,883,033$6,828,095$4,178,531$27,418,868
58$33,971,004$7,100,574$4,256,414$30,061,553
59$37,371,993$7,384,449$4,334,950$32,968,593
60$41,117,865$7,680,215$4,414,099$36,166,768
61$45,243,734$7,988,393$4,493,819$39,685,584
62$49,788,296$8,309,525$4,574,062$43,557,547
63$54,794,188$8,644,177$4,654,779$47,818,471
64$60,308,397$8,992,944$4,735,916$52,507,819
65$66,382,699$9,356,444$4,817,415$57,669,067
66$73,074,150$9,735,325$4,899,214$63,350,118
67$80,445,622$10,130,264$4,981,246$69,603,754
68$88,566,398$10,541,970$5,063,440$76,488,129
69$97,512,826$10,971,182$5,145,721$84,067,323
70$107,369,038$11,418,673$5,228,006$92,411,939
71$118,227,745$11,885,254$5,310,210$101,599,772
72$130,191,114$12,371,770$5,392,241$111,716,541
73$143,371,726$12,879,106$5,473,999$122,856,699
74$157,893,646$13,408,186$5,555,382$135,124,321
75$173,893,589$13,959,978$5,636,279$148,634,083
76$191,522,212$14,535,494$5,716,571$163,512,348
77$210,945,536$15,135,792$5,796,135$179,898,354
78$232,346,513$15,761,978$5,874,838$197,945,529
79$255,926,753$16,415,210$5,952,540$217,822,934
80$281,908,425$17,096,699$6,029,093$239,716,861
81$310,536,358$17,807,710$6,104,341$263,832,589
82$342,080,348$18,549,570$6,178,118$290,396,317
83$376,837,707$19,323,662$6,250,249$319,657,301
84$415,136,070$20,131,438$6,320,549$351,890,205
85$457,336,484$20,974,414$6,388,823$387,397,687
86$503,836,822$21,854,177$6,454,865$426,513,261
87$555,075,533$22,772,386$6,518,457$469,604,438
88$611,535,784$23,730,780$6,579,372$517,076,193
89$673,750,020$24,731,174$6,637,368$569,374,790
90$742,304,993$25,775,473$6,692,190$626,991,986
91$817,847,296$26,865,664$6,743,572$690,469,678
92$901,089,470$28,003,832$6,791,232$760,405,009
93$992,816,731$29,192,155$6,834,873$837,456,006
94$1,093,894,381$30,432,914$6,874,185$922,347,789
95$1,205,275,977$31,728,496$6,908,840$1,015,879,412
96$1,328,012,334$33,081,399$6,938,493$1,118,931,404
97$1,463,261,442$34,494,238$6,962,783$1,232,474,077
98$1,612,299,403$35,969,749$6,981,330$1,357,576,686
99$1,776,532,473$37,510,798$6,993,735$1,495,417,514
100$1,957,510,339$39,120,381$6,999,579$1,647,294,997