Can I retire at age 30 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$194,887$193,151$191,457$189,804$188,190$183,939
2 years$96,479$94,682$92,940$91,252$89,614$85,355
3 years$63,680$61,876$60,139$58,466$56,855$52,719
4 years$47,284$45,485$43,765$42,121$40,549$36,570
5 years$37,449$35,661$33,964$32,353$30,825$27,012
6 years$30,895$29,120$27,448$25,873$24,391$20,749
7 years$26,215$24,455$22,809$21,272$19,836$16,366
8 years$22,706$20,962$19,344$17,844$16,456$13,156
9 years$19,979$18,251$16,661$15,199$13,858$10,727
10 years$17,798$16,088$14,525$13,102$11,808$8,841
11 years$16,015$14,322$12,788$11,403$10,155$7,348
12 years$14,531$12,855$11,349$10,002$8,800$6,150
13 years$13,275$11,617$10,140$8,830$7,674$5,175
14 years$12,200$10,559$9,110$7,838$6,727$4,374
15 years$11,269$9,646$8,226$6,990$5,923$3,710
16 years$10,456$8,850$7,458$6,259$5,235$3,157
17 years$9,738$8,151$6,786$5,624$4,642$2,694
18 years$9,102$7,532$6,195$5,068$4,127$2,303
19 years$8,532$6,980$5,671$4,580$3,679$1,972
20 years$8,021$6,486$5,205$4,148$3,286$1,692
21 years$7,559$6,042$4,787$3,764$2,940$1,453
22 years$7,139$5,640$4,412$3,423$2,636$1,250
23 years$6,756$5,275$4,074$3,117$2,366$1,076
24 years$6,406$4,942$3,768$2,843$2,127$927
25 years$6,084$4,638$3,490$2,596$1,914$799
26 years$5,788$4,359$3,236$2,374$1,724$689
27 years$5,514$4,102$3,005$2,173$1,554$595
28 years$5,260$3,866$2,794$1,991$1,402$513
29 years$5,024$3,647$2,600$1,826$1,266$443
30 years$4,804$3,444$2,422$1,675$1,144$383
31 years$4,599$3,256$2,258$1,539$1,034$331
32 years$4,407$3,080$2,106$1,414$936$286
33 years$4,226$2,917$1,967$1,300$847$247
34 years$4,057$2,765$1,838$1,197$767$214
35 years$3,898$2,622$1,718$1,101$694$185
36 years$3,748$2,489$1,607$1,014$629$160
37 years$3,607$2,364$1,504$935$570$139
38 years$3,473$2,247$1,409$862$517$120
39 years$3,346$2,136$1,320$794$469$104
40 years$3,226$2,033$1,237$733$425$90
41 years$3,113$1,935$1,160$676$386$78
42 years$3,005$1,843$1,088$624$350$67
43 years$2,902$1,756$1,021$576$318$58
44 years$2,804$1,674$958$532$288$50
45 years$2,711$1,596$900$491$262$44
46 years$2,622$1,522$845$454$238$38
47 years$2,537$1,453$794$419$216$33
48 years$2,456$1,387$746$387$196$28
49 years$2,378$1,324$701$358$178$24
50 years$2,304$1,265$659$331$162$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,360,000, adding $4,304 every year, while hoping to spend $41,946 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: 49/24/27 Blend
29$2,360,000$2,360,000$2,360,000$2,360,000
30$2,605,160$2,480,080$2,443,500$2,712,651
31$2,826,256$2,556,973$2,480,727$2,865,259
32$3,068,498$2,636,229$2,517,795$3,026,461
33$3,333,998$2,717,918$2,554,655$3,200,780
34$3,625,084$2,802,114$2,591,254$3,389,477
35$3,944,318$2,888,892$2,627,536$3,593,937
36$4,294,521$2,978,332$2,663,442$3,815,690
37$4,678,805$3,070,512$2,698,909$4,056,415
38$5,100,591$3,165,515$2,733,871$4,317,965
39$5,563,653$3,263,427$2,768,257$4,602,379
40$6,072,146$3,364,335$2,801,994$4,911,901
41$6,630,646$3,468,329$2,835,002$5,249,004
42$7,244,196$3,575,502$2,867,199$5,616,411
43$7,918,351$3,685,948$2,898,497$6,017,120
44$8,659,231$3,799,767$2,928,804$6,454,437
45$9,473,575$3,917,059$2,958,022$6,931,998
46$10,368,813$4,037,928$2,986,049$7,453,813
47$11,353,127$4,162,481$3,012,776$8,024,297
48$12,435,531$4,290,828$3,038,090$8,648,313
49$13,625,958$4,423,082$3,061,869$9,331,220
50$14,935,353$4,559,359$3,083,988$10,078,923
51$16,375,771$4,699,780$3,104,314$10,897,923
52$17,960,498$4,844,468$3,122,707$11,795,388
53$19,704,170$4,993,548$3,139,020$12,779,212
54$21,622,916$5,147,153$3,153,097$13,858,092
55$23,734,505$5,305,415$3,164,777$15,041,615
56$26,058,516$5,468,472$3,173,889$16,340,338
57$28,616,524$5,636,466$3,180,254$17,765,897
58$31,432,301$5,809,544$3,183,683$19,331,114
59$34,532,038$5,987,854$3,183,979$21,050,114
60$37,944,598$6,171,551$3,180,935$22,938,463
61$41,701,784$6,360,794$3,174,332$25,013,314
62$45,838,638$6,555,745$3,163,945$27,293,567
63$50,393,774$6,756,571$3,149,532$29,800,048
64$55,409,741$6,963,445$3,130,843$32,555,706
65$60,933,424$7,176,544$3,107,617$35,585,830
66$67,016,488$7,396,050$3,079,576$38,918,287
67$73,715,862$7,622,148$3,046,434$42,583,784
68$81,094,278$7,855,032$3,007,888$46,616,160
69$89,220,864$8,094,897$2,963,621$51,052,703
70$98,171,793$8,341,948$2,913,304$55,934,506
71$108,031,004$8,596,392$2,856,588$61,306,849
72$118,890,994$8,858,443$2,793,111$67,219,632
73$130,853,690$9,128,321$2,722,494$73,727,842
74$144,031,408$9,406,250$2,644,340$80,892,075
75$158,547,918$9,692,464$2,558,232$88,779,107
76$174,539,610$9,987,199$2,463,737$97,462,525
77$192,156,779$10,290,699$2,360,400$107,023,419
78$211,565,043$10,603,217$2,247,747$117,551,152
79$232,946,912$10,925,008$2,125,280$129,144,201
80$256,503,501$11,256,338$1,992,481$141,911,088
81$282,456,436$11,597,476$1,848,808$155,971,402
82$311,049,942$11,948,703$1,693,693$171,456,934
83$342,553,149$12,310,302$1,526,544$188,512,914
84$377,262,631$12,682,567$1,346,744$207,299,388
85$415,505,205$13,065,799$1,153,646$227,992,727
86$457,641,018$13,460,305$946,575$250,787,294
87$504,066,944$13,866,402$724,827$275,897,274
88$555,220,331$14,284,414$487,667$303,558,705
89$611,583,127$14,714,673$234,326$334,031,700
90$673,686,434$15,157,520$0$367,602,904
91$742,115,515$15,613,303$0$404,598,584
92$817,515,325$16,082,382$0$445,429,186
93$900,596,592$16,565,123$0$490,411,002
94$992,142,531$17,061,901$0$539,967,044
95$1,093,016,237$17,573,101$0$594,563,462
96$1,204,168,828$18,099,118$0$654,713,937
97$1,326,648,429$18,640,355$0$720,984,536
98$1,461,610,062$19,197,226$0$793,999,049
99$1,610,326,551$19,770,154$0$874,444,880
100$1,774,200,539$20,359,571$0$963,079,536