Can I retire at age 30 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$194,061$192,332$190,646$189,000$187,392$181,394
2 years$96,070$94,280$92,546$90,865$89,234$83,246
3 years$63,410$61,613$59,884$58,218$56,614$50,824
4 years$47,084$45,292$43,580$41,943$40,378$34,831
5 years$37,290$35,510$33,820$32,216$30,694$25,405
6 years$30,764$28,996$27,331$25,764$24,287$19,260
7 years$26,103$24,351$22,713$21,182$19,752$14,986
8 years$22,610$20,873$19,262$17,769$16,386$11,879
9 years$19,894$18,174$16,590$15,135$13,800$9,545
10 years$17,723$16,020$14,464$13,047$11,758$7,750
11 years$15,948$14,261$12,734$11,354$10,112$6,343
12 years$14,469$12,800$11,301$9,959$8,763$5,225
13 years$13,219$11,568$10,097$8,793$7,642$4,326
14 years$12,149$10,515$9,072$7,805$6,699$3,597
15 years$11,222$9,605$8,191$6,961$5,898$3,000
16 years$10,411$8,813$7,426$6,233$5,213$2,509
17 years$9,697$8,116$6,757$5,600$4,622$2,104
18 years$9,063$7,500$6,169$5,047$4,110$1,767
19 years$8,496$6,951$5,647$4,560$3,663$1,486
20 years$7,987$6,459$5,183$4,130$3,272$1,252
21 years$7,527$6,016$4,767$3,748$2,928$1,056
22 years$7,109$5,616$4,394$3,408$2,624$891
23 years$6,728$5,252$4,057$3,104$2,356$753
24 years$6,379$4,921$3,752$2,831$2,117$636
25 years$6,059$4,618$3,475$2,585$1,905$538
26 years$5,763$4,340$3,223$2,364$1,716$455
27 years$5,491$4,085$2,993$2,164$1,547$385
28 years$5,238$3,849$2,782$1,982$1,396$326
29 years$5,003$3,631$2,589$1,818$1,261$276
30 years$4,784$3,429$2,411$1,668$1,139$234
31 years$4,579$3,242$2,248$1,532$1,030$198
32 years$4,388$3,067$2,098$1,408$932$168
33 years$4,209$2,905$1,958$1,295$843$142
34 years$4,040$2,753$1,830$1,191$763$121
35 years$3,882$2,611$1,711$1,097$691$102
36 years$3,732$2,479$1,600$1,010$626$87
37 years$3,591$2,354$1,498$931$568$74
38 years$3,458$2,237$1,403$858$515$62
39 years$3,332$2,127$1,314$791$467$53
40 years$3,213$2,024$1,232$730$423$45
41 years$3,100$1,927$1,155$673$384$38
42 years$2,992$1,835$1,084$621$349$32
43 years$2,890$1,748$1,017$573$316$27
44 years$2,792$1,666$954$529$287$23
45 years$2,699$1,589$896$489$261$20
46 years$2,611$1,516$842$452$237$17
47 years$2,526$1,447$791$417$215$14
48 years$2,446$1,381$743$386$195$12
49 years$2,368$1,319$698$356$177$10
50 years$2,294$1,260$657$329$161$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,350,000, adding $5,636 every year, while hoping to spend $20,273 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: 62/13/25 Blend
29$2,350,000$2,350,000$2,350,000$2,350,000
30$2,595,514$2,470,964$2,434,539$2,738,894
31$2,838,686$2,570,470$2,494,525$2,936,244
32$3,105,982$2,674,174$2,555,842$3,148,909
33$3,399,841$2,782,258$2,618,512$3,380,672
34$3,722,951$2,894,915$2,682,559$3,633,401
35$4,078,273$3,012,346$2,748,005$3,909,153
36$4,469,069$3,134,763$2,814,875$4,210,192
37$4,898,932$3,262,384$2,883,191$4,539,008
38$5,371,822$3,395,440$2,952,978$4,898,346
39$5,892,103$3,534,172$3,024,258$5,291,224
40$6,464,583$3,678,831$3,097,055$5,720,969
41$7,094,556$3,829,680$3,171,393$6,191,241
42$7,787,861$3,986,995$3,247,294$6,706,070
43$8,550,927$4,151,061$3,324,783$7,269,897
44$9,390,840$4,322,182$3,403,881$7,887,609
45$10,315,407$4,500,670$3,484,613$8,564,589
46$11,333,231$4,686,855$3,567,000$9,306,765
47$12,453,791$4,881,082$3,651,065$10,120,668
48$13,687,532$5,083,710$3,736,830$11,013,488
49$15,045,964$5,295,115$3,824,317$11,993,147
50$16,541,768$5,515,691$3,913,548$13,068,368
51$18,188,919$5,745,851$4,004,542$14,248,761
52$20,002,817$5,986,025$4,097,322$15,544,911
53$22,000,429$6,236,665$4,191,907$16,968,479
54$24,200,452$6,498,242$4,288,316$18,532,309
55$26,623,492$6,771,249$4,386,568$20,250,550
56$29,292,251$7,056,204$4,486,681$22,138,791
57$32,231,749$7,353,645$4,588,673$24,214,203
58$35,469,553$7,664,140$4,692,560$26,495,703
59$39,036,044$7,988,279$4,798,356$29,004,132
60$42,964,697$8,326,682$4,906,078$31,762,452
61$47,292,403$8,679,996$5,015,739$34,795,959
62$52,059,812$9,048,900$5,127,350$38,132,523
63$57,311,720$9,434,103$5,240,923$41,802,850
64$63,097,489$9,836,347$5,356,468$45,840,770
65$69,471,516$10,256,411$5,473,992$50,283,557
66$76,493,743$10,695,108$5,593,504$55,172,279
67$84,230,226$11,153,289$5,715,007$60,552,186
68$92,753,754$11,631,846$5,838,505$66,473,133
69$102,144,542$12,131,711$5,964,000$72,990,053
70$112,490,983$12,653,862$6,091,491$80,163,474
71$123,890,482$13,199,321$6,220,975$88,060,085
72$136,450,382$13,769,157$6,352,448$96,753,372
73$150,288,967$14,364,493$6,485,902$106,324,303
74$165,536,589$14,986,500$6,621,327$116,862,097
75$182,336,890$15,636,408$6,758,710$128,465,060
76$200,848,162$16,315,501$6,898,036$141,241,515
77$221,244,841$17,025,126$7,039,286$155,310,823
78$243,719,151$17,766,694$7,182,438$170,804,505
79$268,482,921$18,541,679$7,327,467$187,867,488
80$295,769,586$19,351,628$7,474,344$206,659,466
81$325,836,384$20,198,158$7,623,035$227,356,406
82$358,966,792$21,082,965$7,773,504$250,152,215
83$395,473,198$22,007,823$7,925,709$275,260,558
84$435,699,848$22,974,590$8,079,604$302,916,881
85$480,026,101$23,985,214$8,235,139$333,380,629
86$528,870,005$25,041,731$8,392,258$366,937,694
87$582,692,246$26,146,276$8,550,900$403,903,110
88$642,000,497$27,301,086$8,710,997$444,624,026
89$707,354,209$28,508,501$8,872,477$489,482,985
90$779,369,895$29,770,973$9,035,261$538,901,525
91$858,726,945$31,091,072$9,199,263$593,344,162
92$946,174,046$32,471,487$9,364,391$653,322,772
93$1,042,536,246$33,915,037$9,530,545$719,401,420
94$1,148,722,742$35,424,673$9,697,617$792,201,680
95$1,265,735,466$37,003,486$9,865,492$872,408,505
96$1,394,678,542$38,654,716$10,034,045$960,776,686
97$1,536,768,712$40,381,755$10,203,143$1,058,137,978
98$1,693,346,816$42,188,157$10,372,645$1,165,408,947
99$1,865,890,460$44,077,645$10,542,397$1,283,599,619
100$2,056,027,957$46,054,120$10,712,237$1,413,823,013