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%20%
1 years$158,552$157,140$155,762$154,417$153,103$146,971
2 years$78,491$77,029$75,612$74,239$72,906$66,805
3 years$51,808$50,339$48,926$47,566$46,255$40,377
4 years$38,468$37,005$35,606$34,268$32,989$27,379
5 years$30,467$29,012$27,632$26,321$25,078$19,750
6 years$25,135$23,691$22,330$21,049$19,843$14,801
7 years$21,327$19,895$18,557$17,306$16,138$11,379
8 years$18,473$17,054$15,738$14,517$13,388$8,908
9 years$16,254$14,849$13,555$12,366$11,275$7,066
10 years$14,480$13,088$11,817$10,659$9,607$5,662
11 years$13,029$11,652$10,404$9,277$8,262$4,571
12 years$11,822$10,458$9,233$8,137$7,160$3,713
13 years$10,800$9,451$8,249$7,184$6,243$3,031
14 years$9,926$8,591$7,412$6,377$5,473$2,483
15 years$9,168$7,848$6,692$5,687$4,819$2,040
16 years$8,506$7,200$6,067$5,092$4,259$1,681
17 years$7,923$6,631$5,521$4,575$3,776$1,387
18 years$7,405$6,127$5,040$4,123$3,358$1,147
19 years$6,942$5,679$4,614$3,726$2,993$950
20 years$6,525$5,277$4,234$3,374$2,673$787
21 years$6,149$4,915$3,895$3,062$2,392$653
22 years$5,808$4,588$3,590$2,784$2,144$542
23 years$5,497$4,291$3,314$2,536$1,925$451
24 years$5,212$4,021$3,065$2,313$1,730$374
25 years$4,950$3,773$2,839$2,112$1,557$311
26 years$4,709$3,546$2,633$1,931$1,402$259
27 years$4,486$3,337$2,445$1,768$1,264$216
28 years$4,279$3,145$2,273$1,620$1,141$179
29 years$4,087$2,967$2,115$1,485$1,030$149
30 years$3,908$2,802$1,970$1,363$931$124
31 years$3,741$2,649$1,837$1,252$841$104
32 years$3,585$2,506$1,714$1,151$761$86
33 years$3,438$2,373$1,600$1,058$689$72
34 years$3,301$2,249$1,495$973$624$60
35 years$3,171$2,134$1,398$896$565$50
36 years$3,049$2,025$1,308$825$512$42
37 years$2,934$1,923$1,224$760$464$35
38 years$2,825$1,828$1,146$701$421$29
39 years$2,723$1,738$1,074$646$381$24
40 years$2,625$1,654$1,006$596$346$20
41 years$2,532$1,574$944$550$314$17
42 years$2,444$1,499$885$508$285$14
43 years$2,361$1,428$831$469$258$12
44 years$2,281$1,362$780$433$235$10
45 years$2,205$1,298$732$400$213$8
46 years$2,133$1,239$688$369$193$7
47 years$2,064$1,182$646$341$176$6
48 years$1,998$1,128$607$315$159$5
49 years$1,935$1,078$571$291$145$4
50 years$1,875$1,029$536$269$132$3

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 $6,307 every year, while hoping to spend $56,124 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: 60/25/15 Blend
29$1,920,000$1,920,000$1,920,000$1,920,000
30$2,122,346$2,020,586$1,990,826$2,241,311
31$2,279,109$2,059,879$1,997,803$2,361,546
32$2,449,982$2,099,216$2,003,133$2,485,817
33$2,636,343$2,138,541$2,006,701$2,620,058
34$2,839,712$2,177,791$2,008,387$2,765,237
35$3,061,760$2,216,901$2,008,065$2,922,423
36$3,304,327$2,255,796$2,005,603$3,092,795
37$3,569,440$2,294,402$2,000,862$3,277,649
38$3,859,329$2,332,633$1,993,697$3,478,416
39$4,176,448$2,370,400$1,983,954$3,696,673
40$4,523,504$2,407,608$1,971,474$3,934,159
41$4,903,472$2,444,151$1,956,089$4,192,787
42$5,319,632$2,479,921$1,937,624$4,474,672
43$5,775,595$2,514,797$1,915,895$4,782,139
44$6,275,336$2,548,653$1,890,708$5,117,757
45$6,823,237$2,581,353$1,861,863$5,484,353
46$7,424,119$2,612,751$1,829,147$5,885,047
47$8,083,296$2,642,693$1,792,340$6,323,276
48$8,806,619$2,671,012$1,751,211$6,802,830
49$9,600,534$2,697,531$1,705,517$7,327,888
50$10,472,142$2,722,063$1,655,004$7,903,056
51$11,429,262$2,744,406$1,599,409$8,533,411
52$12,480,511$2,764,347$1,538,453$9,224,551
53$13,635,379$2,781,656$1,471,848$9,982,647
54$14,904,323$2,796,092$1,399,290$10,814,502
55$16,298,860$2,807,397$1,320,462$11,727,615
56$17,831,680$2,815,295$1,235,034$12,730,255
57$19,516,764$2,819,497$1,142,660$13,831,534
58$21,369,513$2,819,691$1,042,978$15,041,500
59$23,406,896$2,815,549$935,611$16,371,228
60$25,647,610$2,806,722$820,164$17,832,928
61$28,112,253$2,792,838$696,227$19,440,058
62$30,823,520$2,773,504$563,367$21,207,455
63$33,806,417$2,748,303$421,138$23,151,475
64$37,088,494$2,716,793$269,068$25,290,144
65$40,700,108$2,678,504$106,670$27,643,337
66$44,674,708$2,632,939$0$30,232,961
67$49,049,147$2,579,572$0$33,093,828
68$53,864,034$2,517,845$0$36,260,803
69$59,164,114$2,447,168$0$39,746,227
70$64,998,689$2,366,915$0$43,582,534
71$71,422,085$2,276,424$0$47,805,470
72$78,494,165$2,174,995$0$52,454,431
73$86,280,887$2,061,887$0$57,572,836
74$94,854,935$1,936,318$0$63,208,536
75$104,296,399$1,797,457$0$69,414,269
76$114,693,528$1,644,430$0$76,248,156
77$126,143,571$1,476,309$0$83,774,253
78$138,753,683$1,292,117$0$92,063,155
79$152,641,946$1,090,818$0$101,192,666
80$167,938,477$871,320$0$111,248,531
81$184,786,656$632,469$0$122,325,250
82$203,344,481$373,046$0$134,526,971
83$223,786,056$91,763$0$147,968,473
84$246,303,235$0$0$162,776,254
85$271,107,433$0$0$179,148,248
86$298,431,619$0$0$197,211,599
87$328,532,516$0$0$217,110,803
88$361,693,022$0$0$239,032,910
89$398,224,880$0$0$263,184,041
90$438,471,622$0$0$289,791,336
91$482,811,807$0$0$319,105,095
92$531,662,597$0$0$351,401,140
93$585,483,694$0$0$386,983,423
94$644,781,675$0$0$426,186,889
95$710,114,778$0$0$469,380,639
96$782,098,166$0$0$516,971,417
97$861,409,738$0$0$569,407,444
98$948,796,524$0$0$627,182,651
99$1,045,081,735$0$0$690,841,342
100$1,151,172,540$0$0$760,983,331