Can I retire at age 30 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$158,552$157,140$155,762$154,417$153,103$152,011
2 years$78,491$77,029$75,612$74,239$72,906$71,805
3 years$51,808$50,339$48,926$47,566$46,255$45,178
4 years$38,468$37,005$35,606$34,268$32,989$31,946
5 years$30,467$29,012$27,632$26,321$25,078$24,071
6 years$25,135$23,691$22,330$21,049$19,843$18,874
7 years$21,327$19,895$18,557$17,306$16,138$15,207
8 years$18,473$17,054$15,738$14,517$13,388$12,495
9 years$16,254$14,849$13,555$12,366$11,275$10,419
10 years$14,480$13,088$11,817$10,659$9,607$8,789
11 years$13,029$11,652$10,404$9,277$8,262$7,481
12 years$11,822$10,458$9,233$8,137$7,160$6,415
13 years$10,800$9,451$8,249$7,184$6,243$5,534
14 years$9,926$8,591$7,412$6,377$5,473$4,798
15 years$9,168$7,848$6,692$5,687$4,819$4,177
16 years$8,506$7,200$6,067$5,092$4,259$3,650
17 years$7,923$6,631$5,521$4,575$3,776$3,199
18 years$7,405$6,127$5,040$4,123$3,358$2,811
19 years$6,942$5,679$4,614$3,726$2,993$2,475
20 years$6,525$5,277$4,234$3,374$2,673$2,184
21 years$6,149$4,915$3,895$3,062$2,392$1,931
22 years$5,808$4,588$3,590$2,784$2,144$1,709
23 years$5,497$4,291$3,314$2,536$1,925$1,515
24 years$5,212$4,021$3,065$2,313$1,730$1,344
25 years$4,950$3,773$2,839$2,112$1,557$1,194
26 years$4,709$3,546$2,633$1,931$1,402$1,061
27 years$4,486$3,337$2,445$1,768$1,264$944
28 years$4,279$3,145$2,273$1,620$1,141$841
29 years$4,087$2,967$2,115$1,485$1,030$749
30 years$3,908$2,802$1,970$1,363$931$668
31 years$3,741$2,649$1,837$1,252$841$595
32 years$3,585$2,506$1,714$1,151$761$531
33 years$3,438$2,373$1,600$1,058$689$474
34 years$3,301$2,249$1,495$973$624$423
35 years$3,171$2,134$1,398$896$565$378
36 years$3,049$2,025$1,308$825$512$338
37 years$2,934$1,923$1,224$760$464$302
38 years$2,825$1,828$1,146$701$421$270
39 years$2,723$1,738$1,074$646$381$241
40 years$2,625$1,654$1,006$596$346$215
41 years$2,532$1,574$944$550$314$193
42 years$2,444$1,499$885$508$285$172
43 years$2,361$1,428$831$469$258$154
44 years$2,281$1,362$780$433$235$138
45 years$2,205$1,298$732$400$213$123
46 years$2,133$1,239$688$369$193$110
47 years$2,064$1,182$646$341$176$99
48 years$1,998$1,128$607$315$159$88
49 years$1,935$1,078$571$291$145$79
50 years$1,875$1,029$536$269$132$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,920,000, adding $5,924 every year, while hoping to spend $38,057 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: 39/36/25 Blend
29$1,920,000$1,920,000$1,920,000$1,920,000
30$2,121,951$2,020,191$1,990,431$2,188,752
31$2,297,897$2,078,688$2,016,618$2,296,294
32$2,490,515$2,138,775$2,042,407$2,408,516
33$2,701,464$2,200,492$2,067,744$2,529,117
34$2,932,572$2,263,875$2,092,572$2,658,883
35$3,185,854$2,328,965$2,116,833$2,798,679
36$3,463,527$2,395,799$2,140,462$2,949,457
37$3,768,033$2,464,420$2,163,394$3,112,264
38$4,102,062$2,534,866$2,185,557$3,288,254
39$4,468,577$2,607,179$2,206,878$3,478,697
40$4,870,842$2,681,401$2,227,279$3,684,990
41$5,312,451$2,757,573$2,246,676$3,908,673
42$5,797,366$2,835,739$2,264,985$4,151,443
43$6,329,948$2,915,941$2,282,112$4,415,167
44$6,915,003$2,998,222$2,297,963$4,701,902
45$7,557,824$3,082,626$2,312,436$5,013,913
46$8,264,244$3,169,197$2,325,424$5,353,696
47$9,040,688$3,257,978$2,336,817$5,724,001
48$9,894,234$3,349,015$2,346,496$6,127,856
49$10,832,681$3,442,352$2,354,339$6,568,597
50$11,864,620$3,538,033$2,360,215$7,049,902
51$12,999,518$3,636,103$2,363,989$7,575,820
52$14,247,803$3,736,606$2,365,517$8,150,813
53$15,620,967$3,839,588$2,364,650$8,779,799
54$17,131,671$3,945,093$2,361,231$9,468,194
55$18,793,863$4,053,164$2,355,094$10,221,969
56$20,622,914$4,163,846$2,346,066$11,047,700
57$22,635,758$4,277,182$2,333,966$11,952,637
58$24,851,056$4,393,214$2,318,604$12,944,765
59$27,289,367$4,511,985$2,299,781$14,032,885
60$29,973,346$4,633,536$2,277,288$15,226,697
61$32,927,956$4,757,908$2,250,905$16,536,886
62$36,180,702$4,885,140$2,220,405$17,975,231
63$39,761,892$5,015,270$2,185,547$19,554,711
64$43,704,922$5,148,335$2,146,080$21,289,626
65$48,046,592$5,284,371$2,101,741$23,195,739
66$52,827,450$5,423,412$2,052,256$25,290,419
67$58,092,180$5,565,489$1,997,336$27,592,807
68$63,890,016$5,710,632$1,936,681$30,123,997
69$70,275,214$5,858,869$1,869,976$32,907,237
70$77,307,556$6,010,224$1,796,891$35,968,145
71$85,052,923$6,164,720$1,717,082$39,334,953
72$93,583,906$6,322,377$1,630,189$43,038,776
73$102,980,501$6,483,210$1,535,837$47,113,902
74$113,330,855$6,647,231$1,433,631$51,598,120
75$124,732,106$6,814,449$1,323,162$56,533,073
76$137,291,292$6,984,868$1,203,999$61,964,657
77$151,126,365$7,158,487$1,075,694$67,943,448
78$166,367,303$7,335,302$937,778$74,525,187
79$183,157,338$7,515,301$789,764$81,771,300
80$201,654,304$7,698,469$631,138$89,749,484
81$222,032,130$7,884,781$461,369$98,534,345
82$244,482,481$8,074,209$279,898$108,208,101
83$269,216,565$8,266,716$86,145$118,861,360
84$296,467,126$8,462,257$0$130,593,981
85$326,490,645$8,660,779$0$143,548,184
86$359,569,754$8,862,221$0$157,839,685
87$396,015,910$9,066,511$0$173,579,310
88$436,172,331$9,273,567$0$190,914,534
89$480,417,234$9,483,298$0$210,007,872
90$529,167,410$9,695,598$0$231,038,412
91$582,882,155$9,910,350$0$254,203,502
92$642,067,602$10,127,426$0$279,720,621
93$707,281,507$10,346,679$0$307,829,423
94$779,138,505$10,567,950$0$338,794,004
95$858,315,916$10,791,063$0$372,905,395
96$945,560,140$11,015,826$0$410,484,309
97$1,041,693,698$11,242,025$0$451,884,168
98$1,147,623,002$11,469,431$0$497,494,439
99$1,264,346,906$11,697,791$0$547,744,315
100$1,392,966,139$11,926,831$0$603,106,759