Can I retire at age 30 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$196,538$194,788$193,080$191,412$189,785$184,896
2 years$97,296$95,484$93,728$92,025$90,374$85,482
3 years$64,220$62,400$60,648$58,961$57,337$52,594
4 years$47,685$45,871$44,136$42,478$40,893$36,335
5 years$37,766$35,963$34,252$32,627$31,086$26,727
6 years$31,156$29,367$27,680$26,092$24,597$20,440
7 years$26,437$24,662$23,003$21,452$20,004$16,050
8 years$22,899$21,140$19,508$17,996$16,596$12,842
9 years$20,148$18,406$16,802$15,328$13,976$10,420
10 years$17,949$16,224$14,649$13,213$11,908$8,545
11 years$16,151$14,443$12,896$11,499$10,241$7,067
12 years$14,654$12,964$11,445$10,086$8,875$5,883
13 years$13,388$11,715$10,226$8,905$7,739$4,924
14 years$12,304$10,649$9,188$7,905$6,784$4,139
15 years$11,365$9,728$8,295$7,050$5,973$3,492
16 years$10,544$8,925$7,521$6,312$5,279$2,954
17 years$9,821$8,220$6,844$5,671$4,681$2,506
18 years$9,179$7,595$6,247$5,111$4,162$2,130
19 years$8,605$7,039$5,719$4,618$3,710$1,813
20 years$8,089$6,541$5,249$4,183$3,314$1,546
21 years$7,623$6,093$4,828$3,796$2,965$1,320
22 years$7,199$5,688$4,450$3,452$2,658$1,128
23 years$6,814$5,319$4,108$3,143$2,386$965
24 years$6,460$4,984$3,800$2,867$2,145$826
25 years$6,136$4,677$3,519$2,618$1,930$707
26 years$5,837$4,396$3,264$2,394$1,738$606
27 years$5,561$4,137$3,031$2,191$1,567$520
28 years$5,305$3,898$2,818$2,008$1,414$446
29 years$5,066$3,678$2,622$1,841$1,277$383
30 years$4,845$3,473$2,442$1,690$1,154$328
31 years$4,638$3,283$2,277$1,552$1,043$282
32 years$4,444$3,107$2,124$1,426$944$242
33 years$4,262$2,942$1,983$1,311$854$208
34 years$4,092$2,788$1,853$1,207$773$179
35 years$3,931$2,645$1,733$1,111$700$153
36 years$3,780$2,510$1,621$1,023$634$132
37 years$3,637$2,384$1,517$943$575$113
38 years$3,502$2,266$1,421$869$521$97
39 years$3,375$2,155$1,331$801$473$84
40 years$3,254$2,050$1,248$739$429$72
41 years$3,139$1,951$1,170$682$389$62
42 years$3,030$1,858$1,097$629$353$53
43 years$2,926$1,771$1,030$581$320$46
44 years$2,828$1,688$967$536$291$39
45 years$2,734$1,609$908$495$264$34
46 years$2,644$1,535$852$457$240$29
47 years$2,559$1,465$801$423$218$25
48 years$2,477$1,399$753$391$198$21
49 years$2,399$1,336$707$361$180$18
50 years$2,324$1,276$665$334$163$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,380,000, adding $2,863 every year, while hoping to spend $42,030 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: 59/12/29 Blend
29$2,380,000$2,380,000$2,380,000$2,380,000
30$2,625,713$2,499,573$2,462,683$2,759,712
31$2,848,816$2,577,333$2,500,463$2,929,493
32$3,093,267$2,657,494$2,538,101$3,109,908
33$3,361,199$2,740,130$2,575,546$3,305,847
34$3,654,962$2,825,316$2,612,746$3,518,832
35$3,977,141$2,913,130$2,649,647$3,750,538
36$4,330,589$3,003,653$2,686,190$4,002,811
37$4,718,443$3,096,966$2,722,311$4,277,683
38$5,144,162$3,193,155$2,757,946$4,577,394
39$5,611,554$3,292,306$2,793,024$4,904,410
40$6,124,814$3,394,511$2,827,473$5,261,448
41$6,688,565$3,499,862$2,861,213$5,651,503
42$7,307,897$3,608,454$2,894,162$6,077,871
43$7,988,420$3,720,385$2,926,234$6,544,185
44$8,736,312$3,835,758$2,957,336$7,054,450
45$9,558,381$3,954,675$2,987,372$7,613,074
46$10,462,127$4,077,245$3,016,240$8,224,917
47$11,455,811$4,203,578$3,043,832$8,895,334
48$12,548,538$4,333,787$3,070,034$9,630,222
49$13,750,336$4,467,990$3,094,727$10,436,082
50$15,072,256$4,606,307$3,117,786$11,320,077
51$16,526,472$4,748,862$3,139,078$12,290,098
52$18,126,399$4,895,783$3,158,464$13,354,842
53$19,886,817$5,047,201$3,175,797$14,523,891
54$21,824,010$5,203,252$3,190,925$15,807,804
55$23,955,923$5,364,075$3,203,684$17,218,217
56$26,302,325$5,529,812$3,213,905$18,767,952
57$28,885,001$5,700,612$3,221,410$20,471,138
58$31,727,955$5,876,626$3,226,011$22,343,344
59$34,857,636$6,058,011$3,227,512$24,401,730
60$38,303,188$6,244,926$3,225,707$26,665,200
61$42,096,723$6,437,537$3,220,378$29,154,592
62$46,273,627$6,636,015$3,211,299$31,892,865
63$50,872,891$6,840,534$3,198,231$34,905,322
64$55,937,479$7,051,273$3,180,926$38,219,845
65$61,514,735$7,268,419$3,159,120$41,867,162
66$67,656,828$7,492,162$3,132,540$45,881,133
67$74,421,244$7,722,697$3,100,900$50,299,073
68$81,871,327$7,960,225$3,063,896$55,162,104
69$90,076,882$8,204,955$3,021,216$60,515,542
70$99,114,825$8,457,099$2,972,528$66,409,326
71$109,069,916$8,716,877$2,917,487$72,898,490
72$120,035,557$8,984,513$2,855,732$80,043,680
73$132,114,669$9,260,239$2,786,884$87,911,731
74$145,420,668$9,544,293$2,710,547$96,576,296
75$160,078,533$9,836,921$2,626,308$106,118,540
76$176,225,987$10,138,373$2,533,732$116,627,910
77$194,014,793$10,448,910$2,432,368$128,202,977
78$213,612,191$10,768,795$2,321,742$140,952,369
79$235,202,473$11,098,304$2,201,358$154,995,794
80$258,988,720$11,437,717$2,070,699$170,465,174
81$285,194,727$11,787,322$1,929,224$187,505,890
82$314,067,104$12,147,416$1,776,369$206,278,151
83$345,877,613$12,518,303$1,611,542$226,958,513
84$380,925,728$12,900,298$1,434,126$249,741,543
85$419,541,461$13,293,722$1,243,478$274,841,657
86$462,088,480$13,698,904$1,038,925$302,495,144
87$508,967,539$14,116,185$819,763$332,962,400
88$560,620,263$14,545,912$585,260$366,530,384
89$617,533,312$14,988,445$334,649$403,515,329
90$680,242,981$15,444,149$67,130$444,265,731
91$749,340,256$15,913,403$0$489,165,636
92$825,476,396$16,396,594$0$538,705,834
93$909,369,081$16,894,120$0$593,311,716
94$1,001,809,183$17,406,388$0$653,476,748
95$1,103,668,237$17,933,818$0$719,767,634
96$1,215,906,661$18,476,839$0$792,808,873
97$1,339,582,829$19,035,892$0$873,288,649
98$1,475,863,057$19,611,430$0$961,965,333
99$1,626,032,615$20,203,917$0$1,059,674,639
100$1,791,507,862$20,813,829$0$1,167,337,512