Can I retire at age 30 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$156,074$154,684$153,328$152,004$150,711$146,238
2 years$77,265$75,826$74,431$73,079$71,767$67,298
3 years$50,998$49,553$48,162$46,822$45,532$41,206
4 years$37,867$36,427$35,049$33,733$32,474$28,325
5 years$29,991$28,559$27,200$25,910$24,686$20,725
6 years$24,742$23,320$21,981$20,720$19,533$15,764
7 years$20,994$19,585$18,267$17,035$15,886$12,308
8 years$18,184$16,788$15,492$14,291$13,179$9,790
9 years$16,000$14,617$13,343$12,172$11,098$7,896
10 years$14,254$12,884$11,633$10,493$9,456$6,435
11 years$12,826$11,470$10,241$9,132$8,133$5,288
12 years$11,637$10,295$9,089$8,010$7,048$4,373
13 years$10,632$9,303$8,120$7,071$6,146$3,635
14 years$9,771$8,456$7,296$6,277$5,387$3,035
15 years$9,025$7,725$6,587$5,598$4,743$2,542
16 years$8,373$7,088$5,972$5,013$4,192$2,136
17 years$7,799$6,527$5,435$4,504$3,717$1,798
18 years$7,289$6,032$4,961$4,059$3,305$1,517
19 years$6,833$5,590$4,542$3,667$2,946$1,282
20 years$6,424$5,195$4,168$3,322$2,631$1,085
21 years$6,053$4,839$3,834$3,015$2,355$919
22 years$5,717$4,517$3,534$2,741$2,111$779
23 years$5,411$4,224$3,263$2,496$1,895$661
24 years$5,130$3,958$3,017$2,277$1,703$562
25 years$4,873$3,714$2,795$2,079$1,532$477
26 years$4,635$3,491$2,592$1,901$1,380$406
27 years$4,416$3,285$2,407$1,740$1,245$345
28 years$4,212$3,096$2,237$1,594$1,123$294
29 years$4,023$2,920$2,082$1,462$1,014$250
30 years$3,847$2,758$1,939$1,342$916$213
31 years$3,683$2,607$1,808$1,232$828$181
32 years$3,529$2,467$1,687$1,133$749$154
33 years$3,385$2,336$1,575$1,041$678$131
34 years$3,249$2,214$1,472$958$614$112
35 years$3,122$2,100$1,376$882$556$95
36 years$3,002$1,993$1,287$812$504$81
37 years$2,888$1,893$1,205$749$457$69
38 years$2,781$1,799$1,128$690$414$59
39 years$2,680$1,711$1,057$636$375$50
40 years$2,584$1,628$991$587$341$43
41 years$2,493$1,550$929$541$309$37
42 years$2,406$1,476$871$500$280$31
43 years$2,324$1,406$818$461$254$27
44 years$2,246$1,340$768$426$231$23
45 years$2,171$1,278$721$393$210$19
46 years$2,100$1,219$677$363$190$16
47 years$2,032$1,164$636$336$173$14
48 years$1,967$1,111$598$310$157$12
49 years$1,905$1,061$562$287$143$10
50 years$1,845$1,013$528$265$129$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,890,000, adding $2,220 every year, while hoping to spend $33,092 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: 81/10/9 Blend
29$1,890,000$1,890,000$1,890,000$1,890,000
30$2,085,070$1,984,900$1,955,605$2,251,084
31$2,262,537$2,046,950$1,985,908$2,422,218
32$2,456,998$2,110,932$2,016,117$2,605,419
33$2,670,148$2,176,905$2,046,194$2,805,504
34$2,903,861$2,244,931$2,076,099$3,024,144
35$3,160,194$2,315,072$2,105,788$3,263,182
36$3,441,419$2,387,395$2,135,216$3,524,646
37$3,750,032$2,461,966$2,164,335$3,810,770
38$4,088,789$2,538,856$2,193,094$4,124,012
39$4,460,721$2,618,135$2,221,438$4,467,083
40$4,869,168$2,699,878$2,249,310$4,842,967
41$5,317,811$2,784,159$2,276,649$5,254,952
42$5,810,702$2,871,058$2,303,392$5,706,657
43$6,352,309$2,960,655$2,329,471$6,202,072
44$6,947,551$3,053,033$2,354,814$6,745,590
45$7,601,847$3,148,278$2,379,346$7,342,051
46$8,321,169$3,246,477$2,402,988$7,996,788
47$9,112,097$3,347,723$2,425,656$8,715,674
48$9,981,877$3,452,107$2,447,262$9,505,182
49$10,938,495$3,559,728$2,467,712$10,372,440
50$11,990,750$3,670,683$2,486,909$11,325,304
51$13,148,336$3,785,076$2,504,750$12,372,429
52$14,421,934$3,903,012$2,521,127$13,523,349
53$15,823,311$4,024,599$2,535,924$14,788,570
54$17,365,434$4,149,950$2,549,023$16,179,666
55$19,062,590$4,279,180$2,560,298$17,709,392
56$20,930,522$4,412,407$2,569,615$19,391,798
57$22,986,574$4,549,754$2,576,836$21,242,369
58$25,249,860$4,691,347$2,581,815$23,278,164
59$27,741,438$4,837,316$2,584,399$25,517,981
60$30,484,515$4,987,794$2,584,426$27,982,533
61$33,504,658$5,142,919$2,581,727$30,694,642
62$36,830,044$5,302,833$2,576,126$33,679,457
63$40,491,719$5,467,682$2,567,436$36,964,688
64$44,523,893$5,637,616$2,555,463$40,580,870
65$48,964,261$5,812,791$2,540,003$44,561,649
66$53,854,364$5,993,366$2,520,841$48,944,101
67$59,239,973$6,179,505$2,497,753$53,769,079
68$65,171,527$6,371,377$2,470,505$59,081,602
69$71,704,605$6,569,157$2,438,849$64,931,277
70$78,900,453$6,773,024$2,402,529$71,372,769
71$86,826,560$6,983,163$2,361,274$78,466,313
72$95,557,295$7,199,764$2,314,803$86,278,288
73$105,174,610$7,423,023$2,262,819$94,881,838
74$115,768,810$7,653,141$2,205,014$104,357,565
75$127,439,410$7,890,326$2,141,063$114,794,290
76$140,296,070$8,134,792$2,070,629$126,289,888
77$154,459,631$8,386,759$1,993,357$138,952,215
78$170,063,256$8,646,454$1,908,878$152,900,125
79$187,253,687$8,914,108$1,816,804$168,264,592
80$206,192,627$9,189,963$1,716,730$185,189,942
81$227,058,269$9,474,266$1,608,235$203,835,222
82$250,046,978$9,767,270$1,490,876$224,375,696
83$275,375,141$10,069,237$1,364,192$247,004,502
84$303,281,212$10,380,437$1,227,699$271,934,473
85$334,027,964$10,701,147$1,080,896$299,400,146
86$367,904,965$11,031,652$923,254$329,659,977
87$405,231,314$11,372,245$754,225$362,998,781
88$446,358,651$11,723,228$573,235$399,730,419
89$491,674,480$12,084,913$379,685$440,200,760
90$541,605,821$12,457,618$172,949$484,790,948
91$596,623,247$12,841,673$0$533,920,999
92$657,245,319$13,237,416$0$588,058,343
93$724,043,488$13,645,196$0$647,726,482
94$797,647,483$14,065,370$0$713,470,937
95$878,751,259$14,498,306$0$785,911,186
96$968,119,549$14,944,384$0$865,729,882
97$1,066,595,077$15,403,992$0$953,679,300
98$1,175,106,520$15,877,533$0$1,050,588,437
99$1,294,677,270$16,365,418$0$1,157,370,838
100$1,426,435,099$16,868,070$0$1,275,033,216