Can I retire at age 30 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$193,235$191,514$189,834$188,195$186,595$179,831
2 years$95,661$93,879$92,153$90,479$88,855$82,115
3 years$63,140$61,351$59,629$57,970$56,373$49,869
4 years$46,883$45,100$43,395$41,764$40,206$33,986
5 years$37,132$35,359$33,676$32,079$30,564$24,646
6 years$30,633$28,873$27,215$25,654$24,184$18,572
7 years$25,992$24,247$22,616$21,092$19,668$14,360
8 years$22,514$20,785$19,180$17,693$16,317$11,309
9 years$19,810$18,097$16,520$15,071$13,741$9,026
10 years$17,647$15,951$14,402$12,991$11,708$7,278
11 years$15,880$14,201$12,680$11,306$10,069$5,915
12 years$14,408$12,746$11,253$9,917$8,726$4,837
13 years$13,163$11,518$10,054$8,755$7,609$3,975
14 years$12,097$10,470$9,033$7,772$6,670$3,279
15 years$11,174$9,564$8,156$6,931$5,873$2,714
16 years$10,367$8,775$7,394$6,206$5,190$2,252
17 years$9,656$8,082$6,729$5,576$4,602$1,873
18 years$9,024$7,468$6,142$5,025$4,092$1,560
19 years$8,460$6,921$5,623$4,541$3,647$1,302
20 years$7,953$6,431$5,161$4,112$3,258$1,087
21 years$7,495$5,991$4,747$3,732$2,915$909
22 years$7,078$5,592$4,375$3,394$2,613$761
23 years$6,699$5,230$4,039$3,091$2,346$637
24 years$6,352$4,900$3,736$2,819$2,108$534
25 years$6,033$4,599$3,460$2,574$1,897$447
26 years$5,739$4,322$3,209$2,354$1,709$375
27 years$5,467$4,067$2,980$2,154$1,541$315
28 years$5,215$3,833$2,770$1,974$1,390$264
29 years$4,981$3,616$2,578$1,810$1,255$222
30 years$4,763$3,415$2,401$1,661$1,134$186
31 years$4,560$3,228$2,239$1,526$1,026$156
32 years$4,369$3,054$2,089$1,402$928$131
33 years$4,191$2,893$1,950$1,289$840$110
34 years$4,023$2,741$1,822$1,186$760$93
35 years$3,865$2,600$1,704$1,092$688$78
36 years$3,716$2,468$1,594$1,006$624$65
37 years$3,576$2,344$1,492$927$565$55
38 years$3,444$2,228$1,397$854$513$46
39 years$3,318$2,118$1,309$788$465$39
40 years$3,199$2,015$1,227$726$422$33
41 years$3,086$1,918$1,150$670$382$27
42 years$2,979$1,827$1,079$619$347$23
43 years$2,877$1,741$1,012$571$315$19
44 years$2,780$1,659$950$527$286$16
45 years$2,688$1,582$892$487$260$14
46 years$2,600$1,510$838$450$236$11
47 years$2,516$1,441$787$416$214$10
48 years$2,435$1,375$740$384$194$8
49 years$2,358$1,313$695$355$177$7
50 years$2,285$1,254$654$328$160$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,340,000, adding $5,775 every year, while hoping to spend $39,561 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: 54/31/15 Blend
29$2,340,000$2,340,000$2,340,000$2,340,000
30$2,584,637$2,460,617$2,424,347$2,713,620
31$2,806,177$2,539,095$2,463,470$2,880,657
32$3,048,989$2,620,092$2,502,578$3,057,651
33$3,315,200$2,703,690$2,541,628$3,249,410
34$3,607,153$2,789,974$2,580,575$3,457,348
35$3,927,430$2,879,030$2,619,372$3,683,023
36$4,278,875$2,970,950$2,657,968$3,928,149
37$4,664,619$3,065,825$2,696,309$4,194,610
38$5,088,111$3,163,751$2,734,336$4,484,482
39$5,553,153$3,264,829$2,771,991$4,800,050
40$6,063,929$3,369,160$2,809,207$5,143,827
41$6,625,051$3,476,851$2,845,917$5,518,583
42$7,241,600$3,588,011$2,882,049$5,927,364
43$7,919,172$3,702,752$2,917,527$6,373,527
44$8,663,933$3,821,192$2,952,269$6,860,765
45$9,482,675$3,943,451$2,986,191$7,393,148
46$10,382,882$4,069,654$3,019,202$7,975,154
47$11,372,798$4,199,929$3,051,208$8,611,719
48$12,461,508$4,334,411$3,082,108$9,308,275
49$13,659,020$4,473,235$3,111,797$10,070,806
50$14,976,361$4,616,545$3,140,163$10,905,904
51$16,425,681$4,764,486$3,167,089$11,820,829
52$18,020,366$4,917,212$3,192,452$12,823,576
53$19,775,166$5,074,877$3,216,122$13,922,954
54$21,706,331$5,237,645$3,237,961$15,128,666
55$23,831,770$5,405,683$3,257,826$16,451,400
56$26,171,213$5,579,164$3,275,565$17,902,930
57$28,746,400$5,758,266$3,291,019$19,496,227
58$31,581,286$5,943,174$3,304,022$21,245,580
59$34,702,267$6,134,079$3,314,396$23,166,733
60$38,138,428$6,331,179$3,321,959$25,277,030
61$41,921,819$6,534,678$3,326,515$27,595,577
62$46,087,753$6,744,786$3,327,863$30,143,429
63$50,675,145$6,961,722$3,325,787$32,943,778
64$55,726,874$7,185,710$3,320,065$36,022,182
65$61,290,190$7,416,984$3,310,461$39,406,797
66$67,417,157$7,655,785$3,296,730$43,128,646
67$74,165,150$7,902,361$3,278,613$47,221,913
68$81,597,388$8,156,969$3,255,839$51,724,259
69$89,783,537$8,419,876$3,228,125$56,677,186
70$98,800,364$8,691,357$3,195,174$62,126,419
71$108,732,464$8,971,696$3,156,675$68,122,342
72$119,673,053$9,261,187$3,112,302$74,720,474
73$131,724,854$9,560,134$3,061,713$81,981,988
74$145,001,060$9,868,852$3,004,552$89,974,291
75$159,626,409$10,187,666$2,940,444$98,771,658
76$175,738,352$10,516,912$2,868,999$108,455,936
77$193,488,361$10,856,937$2,789,807$119,117,310
78$213,043,348$11,208,101$2,702,440$130,855,159
79$234,587,248$11,570,777$2,606,451$143,778,990
80$258,322,750$11,945,348$2,501,370$158,009,471
81$284,473,213$12,332,213$2,386,708$173,679,574
82$313,284,772$12,731,782$2,261,954$190,935,824
83$345,028,662$13,144,482$2,126,572$209,939,681
84$380,003,777$13,570,753$1,980,004$230,869,071
85$418,539,493$14,011,051$1,821,664$253,920,055
86$460,998,774$14,465,846$1,650,944$279,308,686
87$507,781,603$14,935,625$1,467,203$307,273,044
88$559,328,749$15,420,894$1,269,778$338,075,486
89$616,125,938$15,922,174$1,057,972$372,005,118
90$678,708,428$16,440,005$831,058$409,380,525
91$747,666,068$16,974,946$588,279$450,552,780
92$823,648,862$17,527,573$328,842$495,908,753
93$907,373,109$18,098,487$51,921$545,874,766
94$999,628,158$18,688,306$0$600,920,613
95$1,101,283,867$19,297,669$0$661,602,987
96$1,213,298,808$19,927,241$0$728,464,799
97$1,336,729,319$20,577,708$0$802,126,558
98$1,472,739,473$21,249,780$0$883,281,213
99$1,622,612,072$21,944,192$0$972,692,371
100$1,787,760,750$22,661,704$0$1,071,201,503