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

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 $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%13.5%
1 years$151,945$150,592$149,272$147,983$146,724$144,591
2 years$75,221$73,820$72,462$71,146$69,869$67,724
3 years$49,649$48,242$46,888$45,584$44,328$42,238
4 years$36,866$35,463$34,122$32,840$31,615$29,597
5 years$29,198$27,803$26,480$25,225$24,033$22,092
6 years$24,087$22,704$21,400$20,172$19,017$17,155
7 years$20,438$19,066$17,783$16,585$15,466$13,684
8 years$17,703$16,343$15,082$13,913$12,830$11,129
9 years$15,577$14,230$12,990$11,850$10,805$9,182
10 years$13,877$12,543$11,325$10,215$9,206$7,661
11 years$12,487$11,166$9,970$8,890$7,918$6,449
12 years$11,329$10,022$8,848$7,798$6,861$5,467
13 years$10,350$9,057$7,905$6,884$5,983$4,662
14 years$9,512$8,233$7,103$6,111$5,245$3,994
15 years$8,786$7,521$6,413$5,450$4,618$3,435
16 years$8,152$6,900$5,814$4,880$4,081$2,964
17 years$7,593$6,355$5,291$4,385$3,619$2,566
18 years$7,096$5,872$4,830$3,951$3,218$2,226
19 years$6,652$5,442$4,422$3,570$2,868$1,935
20 years$6,254$5,057$4,058$3,234$2,562$1,685
21 years$5,893$4,711$3,732$2,935$2,292$1,469
22 years$5,566$4,397$3,440$2,668$2,055$1,283
23 years$5,268$4,113$3,176$2,430$1,845$1,122
24 years$4,995$3,853$2,938$2,216$1,658$981
25 years$4,744$3,616$2,721$2,024$1,492$860
26 years$4,513$3,398$2,523$1,851$1,344$753
27 years$4,299$3,198$2,343$1,694$1,212$661
28 years$4,101$3,014$2,178$1,552$1,093$580
29 years$3,917$2,843$2,027$1,423$987$509
30 years$3,745$2,685$1,888$1,306$892$447
31 years$3,585$2,538$1,760$1,200$806$393
32 years$3,436$2,402$1,642$1,103$729$345
33 years$3,295$2,274$1,533$1,014$660$304
34 years$3,163$2,156$1,433$933$598$267
35 years$3,039$2,045$1,340$859$541$235
36 years$2,922$1,941$1,253$791$491$207
37 years$2,812$1,843$1,173$729$445$182
38 years$2,708$1,752$1,098$672$403$160
39 years$2,609$1,666$1,029$619$365$141
40 years$2,516$1,585$965$571$332$124
41 years$2,427$1,509$904$527$301$109
42 years$2,343$1,437$848$486$273$96
43 years$2,262$1,369$796$449$248$85
44 years$2,186$1,305$747$415$225$75
45 years$2,114$1,244$702$383$204$66
46 years$2,044$1,187$659$354$185$58
47 years$1,978$1,133$619$327$168$51
48 years$1,915$1,081$582$302$153$45
49 years$1,854$1,033$547$279$139$39
50 years$1,796$986$514$258$126$35

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 $3,263 every year, while hoping to spend $42,061 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: 43/36/21 Blend
29$1,840,000$1,840,000$1,840,000$1,840,000
30$2,031,046$1,933,526$1,905,006$2,105,830
31$2,193,460$1,983,516$1,924,071$2,209,106
32$2,371,030$2,034,546$1,942,365$2,316,587
33$2,565,259$2,086,622$1,959,818$2,432,178
34$2,777,799$2,139,751$1,976,355$2,556,648
35$3,010,471$2,193,935$1,991,900$2,690,844
36$3,265,280$2,249,178$2,006,369$2,835,699
37$3,544,433$2,305,482$2,019,677$2,992,242
38$3,850,362$2,362,847$2,031,733$3,161,606
39$4,185,744$2,421,272$2,042,440$3,345,037
40$4,553,528$2,480,752$2,051,700$3,543,911
41$4,956,962$2,541,284$2,059,407$3,759,742
42$5,399,625$2,602,859$2,065,450$3,994,199
43$5,885,456$2,665,469$2,069,712$4,249,120
44$6,418,796$2,729,101$2,072,071$4,526,531
45$7,004,428$2,793,741$2,072,400$4,828,665
46$7,647,618$2,859,373$2,070,564$5,157,983
47$8,354,168$2,925,976$2,066,421$5,517,195
48$9,130,472$2,993,527$2,059,824$5,909,291
49$9,983,569$3,061,999$2,050,618$6,337,564
50$10,921,220$3,131,363$2,038,640$6,805,642
51$11,951,969$3,201,585$2,023,719$7,317,527
52$13,085,233$3,272,626$2,005,677$7,877,628
53$14,331,387$3,344,444$1,984,327$8,490,803
54$15,701,859$3,416,992$1,959,472$9,162,409
55$17,209,242$3,490,219$1,930,908$9,898,349
56$18,867,411$3,564,066$1,898,420$10,705,129
57$20,691,652$3,638,470$1,861,782$11,589,920
58$22,698,809$3,713,363$1,820,760$12,560,627
59$24,907,438$3,788,669$1,775,107$13,625,961
60$27,337,988$3,864,306$1,724,564$14,795,526
61$30,012,990$3,940,183$1,668,864$16,079,905
62$32,957,266$4,016,204$1,607,722$17,490,763
63$36,198,172$4,092,263$1,540,846$19,040,960
64$39,765,848$4,168,245$1,467,926$20,744,667
65$43,693,503$4,244,028$1,388,640$22,617,506
66$48,017,733$4,319,478$1,302,652$24,676,693
67$52,778,860$4,394,450$1,209,609$26,941,206
68$58,021,316$4,468,791$1,109,144$29,431,961
69$63,794,062$4,542,334$1,000,872$32,172,012
70$70,151,047$4,614,899$884,392$35,186,771
71$77,151,720$4,686,294$759,285$38,504,242
72$84,861,586$4,756,314$625,112$42,155,296
73$93,352,832$4,824,737$481,417$46,173,954
74$102,704,998$4,891,327$327,722$50,597,717
75$113,005,736$4,955,830$163,529$55,467,915
76$124,351,631$5,017,976$0$60,830,100
77$136,849,116$5,077,475$0$66,737,102
78$150,615,474$5,134,019$0$73,280,910
79$165,779,943$5,187,278$0$80,485,959
80$182,484,943$5,236,899$0$88,419,601
81$200,887,408$5,282,508$0$97,156,060
82$221,160,279$5,323,706$0$106,777,134
83$243,494,126$5,360,067$0$117,372,964
84$268,098,954$5,391,137$0$129,042,891
85$295,206,180$5,416,436$0$141,896,392
86$325,070,819$5,435,450$0$156,054,112
87$357,973,890$5,447,634$0$171,649,010
88$394,225,068$5,452,409$0$188,827,608
89$434,165,608$5,449,161$0$207,751,379
90$478,171,565$5,437,235$0$228,598,273
91$526,657,344$5,415,938$0$251,564,397
92$580,079,608$5,384,534$0$276,865,866
93$638,941,595$5,342,243$0$304,740,848
94$703,797,861$5,288,237$0$335,451,811
95$775,259,520$5,221,637$0$369,288,005
96$854,000,007$5,141,513$0$406,568,191
97$940,761,440$5,046,880$0$447,643,655
98$1,036,361,623$4,936,694$0$492,901,525
99$1,141,701,764$4,809,847$0$542,768,430
100$1,257,774,984$4,665,169$0$597,714,525