Can I retire at age 30 with 1,840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$151,945$150,592$149,272$147,983$146,724$142,312
2 years$75,221$73,820$72,462$71,146$69,869$65,461
3 years$49,649$48,242$46,888$45,584$44,328$40,062
4 years$36,866$35,463$34,122$32,840$31,615$27,525
5 years$29,198$27,803$26,480$25,225$24,033$20,129
6 years$24,087$22,704$21,400$20,172$19,017$15,302
7 years$20,438$19,066$17,783$16,585$15,466$11,941
8 years$17,703$16,343$15,082$13,913$12,830$9,492
9 years$15,577$14,230$12,990$11,850$10,805$7,651
10 years$13,877$12,543$11,325$10,215$9,206$6,232
11 years$12,487$11,166$9,970$8,890$7,918$5,117
12 years$11,329$10,022$8,848$7,798$6,861$4,229
13 years$10,350$9,057$7,905$6,884$5,983$3,513
14 years$9,512$8,233$7,103$6,111$5,245$2,931
15 years$8,786$7,521$6,413$5,450$4,618$2,454
16 years$8,152$6,900$5,814$4,880$4,081$2,060
17 years$7,593$6,355$5,291$4,385$3,619$1,733
18 years$7,096$5,872$4,830$3,951$3,218$1,461
19 years$6,652$5,442$4,422$3,570$2,868$1,234
20 years$6,254$5,057$4,058$3,234$2,562$1,043
21 years$5,893$4,711$3,732$2,935$2,292$883
22 years$5,566$4,397$3,440$2,668$2,055$748
23 years$5,268$4,113$3,176$2,430$1,845$634
24 years$4,995$3,853$2,938$2,216$1,658$538
25 years$4,744$3,616$2,721$2,024$1,492$457
26 years$4,513$3,398$2,523$1,851$1,344$388
27 years$4,299$3,198$2,343$1,694$1,212$330
28 years$4,101$3,014$2,178$1,552$1,093$281
29 years$3,917$2,843$2,027$1,423$987$239
30 years$3,745$2,685$1,888$1,306$892$203
31 years$3,585$2,538$1,760$1,200$806$173
32 years$3,436$2,402$1,642$1,103$729$147
33 years$3,295$2,274$1,533$1,014$660$125
34 years$3,163$2,156$1,433$933$598$106
35 years$3,039$2,045$1,340$859$541$91
36 years$2,922$1,941$1,253$791$491$77
37 years$2,812$1,843$1,173$729$445$66
38 years$2,708$1,752$1,098$672$403$56
39 years$2,609$1,666$1,029$619$365$48
40 years$2,516$1,585$965$571$332$41
41 years$2,427$1,509$904$527$301$35
42 years$2,343$1,437$848$486$273$29
43 years$2,262$1,369$796$449$248$25
44 years$2,186$1,305$747$415$225$21
45 years$2,114$1,244$702$383$204$18
46 years$2,044$1,187$659$354$185$15
47 years$1,978$1,133$619$327$168$13
48 years$1,915$1,081$582$302$153$11
49 years$1,854$1,033$547$279$139$10
50 years$1,796$986$514$258$126$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,840,000, adding $2,640 every year, while hoping to spend $22,604 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: 42/37/21 Blend
29$1,840,000$1,840,000$1,840,000$1,840,000
30$2,030,403$1,932,883$1,904,363$2,103,090
31$2,213,454$2,003,544$1,944,109$2,225,686
32$2,414,418$2,076,910$1,984,428$2,355,978
33$2,635,099$2,153,089$2,025,317$2,496,612
34$2,877,484$2,232,194$2,066,770$2,648,553
35$3,143,760$2,314,345$2,108,780$2,812,855
36$3,436,339$2,399,663$2,151,339$2,990,682
37$3,757,876$2,488,277$2,194,439$3,183,310
38$4,111,297$2,580,321$2,238,071$3,392,145
39$4,499,826$2,675,933$2,282,223$3,618,728
40$4,927,015$2,775,260$2,326,884$3,864,758
41$5,396,774$2,878,452$2,372,039$4,132,102
42$5,913,417$2,985,667$2,417,673$4,422,813
43$6,481,691$3,097,071$2,463,771$4,739,150
44$7,106,830$3,212,834$2,510,314$5,083,596
45$7,794,599$3,333,135$2,557,282$5,458,887
46$8,551,352$3,458,162$2,604,654$5,868,030
47$9,384,087$3,588,109$2,652,407$6,314,335
48$10,300,516$3,723,179$2,700,515$6,801,446
49$11,309,137$3,863,584$2,748,952$7,333,371
50$12,419,314$4,009,544$2,797,686$7,914,524
51$13,641,364$4,161,291$2,846,688$8,549,763
52$14,986,654$4,319,065$2,895,923$9,244,435
53$16,467,710$4,483,117$2,945,354$10,004,428
54$18,098,335$4,653,708$2,994,942$10,836,222
55$19,893,738$4,831,113$3,044,645$11,746,955
56$21,870,677$5,015,615$3,094,419$12,744,483
57$24,047,619$5,207,513$3,144,214$13,837,460
58$26,444,912$5,407,117$3,193,982$15,035,412
59$29,084,979$5,614,752$3,243,666$16,348,832
60$31,992,527$5,830,755$3,293,209$17,789,274
61$35,194,783$6,055,480$3,342,550$19,369,464
62$38,721,748$6,289,296$3,391,622$21,103,417
63$42,606,482$6,532,587$3,440,357$23,006,568
64$46,885,415$6,785,756$3,488,681$25,095,918
65$51,598,691$7,049,222$3,536,516$27,390,195
66$56,790,546$7,323,422$3,583,778$29,910,024
67$62,509,728$7,608,816$3,630,381$32,678,127
68$68,809,952$7,905,880$3,676,230$35,719,531
69$75,750,413$8,215,114$3,721,230$39,061,805
70$83,396,339$8,537,038$3,765,274$42,735,320
71$91,819,609$8,872,197$3,808,255$46,773,533
72$101,099,434$9,221,159$3,850,056$51,213,301
73$111,323,099$9,584,519$3,890,556$56,095,226
74$122,586,791$9,962,896$3,929,625$61,464,042
75$134,996,505$10,356,939$3,967,129$67,369,028
76$148,669,044$10,767,324$4,002,923$73,864,480
77$163,733,123$11,194,760$4,036,858$81,010,212
78$180,330,583$11,639,984$4,068,774$88,872,127
79$198,617,729$12,103,771$4,098,505$97,522,833
80$218,766,808$12,586,926$4,125,875$107,042,328
81$240,967,629$13,090,292$4,150,699$117,518,751
82$265,429,363$13,614,752$4,172,783$129,049,214
83$292,382,509$14,161,226$4,191,922$141,740,716
84$322,081,075$14,730,676$4,207,902$155,711,148
85$354,804,976$15,324,110$4,220,497$171,090,407
86$390,862,670$15,942,578$4,229,470$188,021,619
87$430,594,078$16,587,180$4,234,573$206,662,484
88$474,373,787$17,259,065$4,235,545$227,186,767
89$522,614,589$17,959,435$4,232,111$249,785,931
90$575,771,374$18,689,544$4,223,984$274,670,942
91$634,345,430$19,450,708$4,210,863$302,074,262
92$698,889,169$20,244,298$4,192,432$332,252,033
93$770,011,345$21,071,749$4,168,360$365,486,497
94$848,382,801$21,934,563$4,138,299$402,088,654
95$934,742,800$22,834,310$4,101,885$442,401,195
96$1,029,906,005$23,772,630$4,058,737$486,801,733
97$1,134,770,168$24,751,241$4,008,456$535,706,365
98$1,250,324,610$25,771,936$3,950,624$589,573,592
99$1,377,659,553$26,836,594$3,884,802$648,908,649
100$1,517,976,418$27,947,177$3,810,534$714,268,264