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%18.3%
1 years$151,945$150,592$149,272$147,983$146,724$141,801
2 years$75,221$73,820$72,462$71,146$69,869$64,957
3 years$49,649$48,242$46,888$45,584$44,328$39,582
4 years$36,866$35,463$34,122$32,840$31,615$27,071
5 years$29,198$27,803$26,480$25,225$24,033$19,704
6 years$24,087$22,704$21,400$20,172$19,017$14,905
7 years$20,438$19,066$17,783$16,585$15,466$11,571
8 years$17,703$16,343$15,082$13,913$12,830$9,150
9 years$15,577$14,230$12,990$11,850$10,805$7,335
10 years$13,877$12,543$11,325$10,215$9,206$5,940
11 years$12,487$11,166$9,970$8,890$7,918$4,850
12 years$11,329$10,022$8,848$7,798$6,861$3,984
13 years$10,350$9,057$7,905$6,884$5,983$3,290
14 years$9,512$8,233$7,103$6,111$5,245$2,727
15 years$8,786$7,521$6,413$5,450$4,618$2,269
16 years$8,152$6,900$5,814$4,880$4,081$1,892
17 years$7,593$6,355$5,291$4,385$3,619$1,582
18 years$7,096$5,872$4,830$3,951$3,218$1,324
19 years$6,652$5,442$4,422$3,570$2,868$1,111
20 years$6,254$5,057$4,058$3,234$2,562$933
21 years$5,893$4,711$3,732$2,935$2,292$784
22 years$5,566$4,397$3,440$2,668$2,055$660
23 years$5,268$4,113$3,176$2,430$1,845$555
24 years$4,995$3,853$2,938$2,216$1,658$468
25 years$4,744$3,616$2,721$2,024$1,492$395
26 years$4,513$3,398$2,523$1,851$1,344$333
27 years$4,299$3,198$2,343$1,694$1,212$281
28 years$4,101$3,014$2,178$1,552$1,093$237
29 years$3,917$2,843$2,027$1,423$987$200
30 years$3,745$2,685$1,888$1,306$892$169
31 years$3,585$2,538$1,760$1,200$806$143
32 years$3,436$2,402$1,642$1,103$729$120
33 years$3,295$2,274$1,533$1,014$660$102
34 years$3,163$2,156$1,433$933$598$86
35 years$3,039$2,045$1,340$859$541$73
36 years$2,922$1,941$1,253$791$491$61
37 years$2,812$1,843$1,173$729$445$52
38 years$2,708$1,752$1,098$672$403$44
39 years$2,609$1,666$1,029$619$365$37
40 years$2,516$1,585$965$571$332$31
41 years$2,427$1,509$904$527$301$26
42 years$2,343$1,437$848$486$273$22
43 years$2,262$1,369$796$449$248$19
44 years$2,186$1,305$747$415$225$16
45 years$2,114$1,244$702$383$204$13
46 years$2,044$1,187$659$354$185$11
47 years$1,978$1,133$619$327$168$10
48 years$1,915$1,081$582$302$153$8
49 years$1,854$1,033$547$279$139$7
50 years$1,796$986$514$258$126$6

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 $5,473 every year, while hoping to spend $20,173 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: 34/44/22 Blend
29$1,840,000$1,840,000$1,840,000$1,840,000
30$2,033,325$1,935,805$1,907,285$2,088,637
31$2,219,261$2,009,196$1,949,716$2,203,549
32$2,423,485$2,085,507$1,992,891$2,325,150
33$2,647,843$2,164,859$2,036,815$2,455,870
34$2,894,366$2,247,380$2,081,492$2,596,529
35$3,165,293$2,333,203$2,126,923$2,748,029
36$3,463,089$2,422,466$2,173,111$2,911,358
37$3,790,470$2,515,313$2,220,056$3,087,600
38$4,150,430$2,611,895$2,267,760$3,277,946
39$4,546,265$2,712,369$2,316,221$3,483,705
40$4,981,609$2,816,901$2,365,440$3,706,313
41$5,460,465$2,925,660$2,415,414$3,947,349
42$5,987,242$3,038,827$2,466,140$4,208,547
43$6,566,799$3,156,588$2,517,614$4,491,814
44$7,204,490$3,279,138$2,569,831$4,799,243
45$7,906,214$3,406,682$2,622,786$5,133,139
46$8,678,470$3,539,431$2,676,472$5,496,032
47$9,528,419$3,677,609$2,730,879$5,890,708
48$10,463,952$3,821,446$2,785,998$6,320,226
49$11,493,765$3,971,187$2,841,818$6,787,955
50$12,627,437$4,127,082$2,898,327$7,297,598
51$13,875,524$4,289,398$2,955,510$7,853,229
52$15,249,659$4,458,411$3,013,351$8,459,331
53$16,762,659$4,634,408$3,071,833$9,120,834
54$18,428,648$4,817,691$3,130,937$9,843,167
55$20,263,187$5,008,575$3,190,641$10,632,299
56$22,283,427$5,207,390$3,250,922$11,494,804
57$24,508,262$5,414,478$3,311,754$12,437,914
58$26,958,517$5,630,199$3,373,109$13,469,590
59$29,657,136$5,854,929$3,434,958$14,598,596
60$32,629,402$6,089,059$3,497,268$15,834,580
61$35,903,177$6,332,999$3,560,003$17,188,161
62$39,509,164$6,587,178$3,623,125$18,671,032
63$43,481,192$6,852,044$3,686,594$20,296,067
64$47,856,544$7,128,064$3,750,364$22,077,439
65$52,676,300$7,415,727$3,814,390$24,030,756
66$57,985,730$7,715,546$3,878,620$26,173,205
67$63,834,720$8,028,053$3,942,999$28,523,711
68$70,278,242$8,353,808$4,007,470$31,103,115
69$77,376,873$8,693,396$4,071,971$33,934,371
70$85,197,368$9,047,426$4,136,436$37,042,758
71$93,813,287$9,416,537$4,200,794$40,456,114
72$103,305,692$9,801,397$4,264,970$44,205,105
73$113,763,911$10,202,703$4,328,885$48,323,503
74$125,286,381$10,621,187$4,392,453$52,848,509
75$137,981,577$11,057,610$4,455,586$57,821,098
76$151,969,036$11,512,772$4,518,187$63,286,406
77$167,380,487$11,987,507$4,580,155$69,294,151
78$184,361,090$12,482,688$4,641,383$75,899,099
79$203,070,810$12,999,228$4,701,758$83,161,584
80$223,685,925$13,538,083$4,761,160$91,148,066
81$246,400,692$14,100,252$4,819,461$99,931,762
82$271,429,177$14,686,779$4,876,528$109,593,330
83$299,007,280$15,298,757$4,932,218$120,221,629
84$329,394,957$15,937,331$4,986,382$131,914,555
85$362,878,679$16,603,696$5,038,862$144,779,959
86$399,774,131$17,299,105$5,089,491$158,936,661
87$440,429,198$18,024,866$5,138,094$174,515,571
88$485,227,241$18,782,350$5,184,486$191,660,919
89$534,590,724$19,572,990$5,228,470$210,531,609
90$588,985,198$20,398,285$5,269,843$231,302,720
91$648,923,693$21,259,806$5,308,388$254,167,152
92$714,971,568$22,159,195$5,343,878$279,337,437
93$787,751,842$23,098,170$5,376,072$307,047,749
94$867,951,080$24,078,530$5,404,720$337,556,102
95$956,325,869$25,102,157$5,429,557$371,146,784
96$1,053,709,965$26,171,021$5,450,305$408,133,032
97$1,161,022,164$27,287,183$5,466,672$448,859,987
98$1,279,274,970$28,452,801$5,478,352$493,707,940
99$1,409,584,163$29,670,133$5,485,022$543,095,920
100$1,553,179,321$30,941,544$5,486,344$597,485,641