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%18.8%
1 years$158,552$157,140$155,762$154,417$153,103$147,671
2 years$78,491$77,029$75,612$74,239$72,906$67,491
3 years$51,808$50,339$48,926$47,566$46,255$41,027
4 years$38,468$37,005$35,606$34,268$32,989$27,989
5 years$30,467$29,012$27,632$26,321$25,078$20,318
6 years$25,135$23,691$22,330$21,049$19,843$15,328
7 years$21,327$19,895$18,557$17,306$16,138$11,865
8 years$18,473$17,054$15,738$14,517$13,388$9,355
9 years$16,254$14,849$13,555$12,366$11,275$7,476
10 years$14,480$13,088$11,817$10,659$9,607$6,036
11 years$13,029$11,652$10,404$9,277$8,262$4,912
12 years$11,822$10,458$9,233$8,137$7,160$4,022
13 years$10,800$9,451$8,249$7,184$6,243$3,309
14 years$9,926$8,591$7,412$6,377$5,473$2,734
15 years$9,168$7,848$6,692$5,687$4,819$2,266
16 years$8,506$7,200$6,067$5,092$4,259$1,883
17 years$7,923$6,631$5,521$4,575$3,776$1,568
18 years$7,405$6,127$5,040$4,123$3,358$1,308
19 years$6,942$5,679$4,614$3,726$2,993$1,093
20 years$6,525$5,277$4,234$3,374$2,673$915
21 years$6,149$4,915$3,895$3,062$2,392$766
22 years$5,808$4,588$3,590$2,784$2,144$642
23 years$5,497$4,291$3,314$2,536$1,925$538
24 years$5,212$4,021$3,065$2,313$1,730$452
25 years$4,950$3,773$2,839$2,112$1,557$379
26 years$4,709$3,546$2,633$1,931$1,402$319
27 years$4,486$3,337$2,445$1,768$1,264$268
28 years$4,279$3,145$2,273$1,620$1,141$225
29 years$4,087$2,967$2,115$1,485$1,030$189
30 years$3,908$2,802$1,970$1,363$931$159
31 years$3,741$2,649$1,837$1,252$841$134
32 years$3,585$2,506$1,714$1,151$761$112
33 years$3,438$2,373$1,600$1,058$689$95
34 years$3,301$2,249$1,495$973$624$80
35 years$3,171$2,134$1,398$896$565$67
36 years$3,049$2,025$1,308$825$512$56
37 years$2,934$1,923$1,224$760$464$47
38 years$2,825$1,828$1,146$701$421$40
39 years$2,723$1,738$1,074$646$381$34
40 years$2,625$1,654$1,006$596$346$28
41 years$2,532$1,574$944$550$314$24
42 years$2,444$1,499$885$508$285$20
43 years$2,361$1,428$831$469$258$17
44 years$2,281$1,362$780$433$235$14
45 years$2,205$1,298$732$400$213$12
46 years$2,133$1,239$688$369$193$10
47 years$2,064$1,182$646$341$176$8
48 years$1,998$1,128$607$315$159$7
49 years$1,935$1,078$571$291$145$6
50 years$1,875$1,029$536$269$132$5

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 $3,487 every year, while hoping to spend $41,362 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: 47/24/29 Blend
29$1,920,000$1,920,000$1,920,000$1,920,000
30$2,119,437$2,017,677$1,987,917$2,201,270
31$2,291,611$2,072,534$2,010,503$2,314,331
32$2,479,960$2,128,693$2,032,460$2,432,700
33$2,686,091$2,186,174$2,053,722$2,560,407
34$2,911,772$2,244,997$2,074,222$2,698,352
35$3,158,951$2,305,180$2,093,887$2,847,527
36$3,429,773$2,366,743$2,112,641$3,009,025
37$3,726,600$2,429,704$2,130,405$3,184,051
38$4,052,034$2,494,079$2,147,094$3,373,932
39$4,408,939$2,559,887$2,162,620$3,580,128
40$4,800,473$2,627,143$2,176,889$3,804,251
41$5,230,110$2,695,862$2,189,803$4,048,076
42$5,701,679$2,766,058$2,201,260$4,313,558
43$6,219,399$2,837,743$2,211,151$4,602,853
44$6,787,915$2,910,930$2,219,362$4,918,336
45$7,412,345$2,985,628$2,225,773$5,262,625
46$8,098,327$3,061,846$2,230,259$5,638,604
47$8,852,071$3,139,592$2,232,688$6,049,453
48$9,680,420$3,218,870$2,232,921$6,498,675
49$10,590,913$3,299,684$2,230,813$6,990,133
50$11,591,852$3,382,035$2,226,212$7,528,081
51$12,692,389$3,465,923$2,218,958$8,117,212
52$13,902,603$3,551,343$2,208,883$8,762,695
53$15,233,599$3,638,290$2,195,812$9,470,228
54$16,697,615$3,726,754$2,179,560$10,246,091
55$18,308,131$3,816,725$2,159,934$11,097,207
56$20,080,001$3,908,185$2,136,733$12,031,205
57$22,029,593$4,001,118$2,109,745$13,056,493
58$24,174,937$4,095,498$2,078,748$14,182,339
59$26,535,904$4,191,301$2,043,509$15,418,959
60$29,134,386$4,288,495$2,003,786$16,777,610
61$31,994,506$4,387,043$1,959,325$18,270,701
62$35,142,843$4,486,906$1,909,860$19,911,911
63$38,608,684$4,588,035$1,855,112$21,716,312
64$42,424,301$4,690,380$1,794,789$23,700,519
65$46,625,253$4,793,883$1,728,588$25,882,844
66$51,250,724$4,898,477$1,656,191$28,283,471
67$56,343,887$5,004,093$1,577,263$30,924,643
68$61,952,320$5,110,649$1,491,457$33,830,877
69$68,128,445$5,218,059$1,398,409$37,029,197
70$74,930,030$5,326,228$1,297,740$40,549,383
71$82,420,730$5,435,050$1,189,051$44,424,260
72$90,670,688$5,544,411$1,071,928$48,690,005
73$99,757,198$5,654,187$945,937$53,386,491
74$109,765,432$5,764,242$810,626$58,557,662
75$120,789,245$5,874,429$665,521$64,251,952
76$132,932,061$5,984,589$510,129$70,522,739
77$146,307,847$6,094,550$343,934$77,428,855
78$161,042,190$6,204,125$166,398$85,035,138
79$177,273,481$6,313,115$0$93,413,048
80$195,154,220$6,421,302$0$102,648,478
81$214,852,459$6,528,453$0$112,876,500
82$236,553,381$6,634,319$0$124,141,424
83$260,461,056$6,738,631$0$136,548,874
84$286,800,360$6,841,100$0$150,215,249
85$315,819,099$6,941,416$0$165,268,818
86$347,790,350$7,039,249$0$181,850,934
87$383,015,036$7,134,243$0$200,117,366
88$421,824,768$7,226,018$0$220,239,771
89$464,584,972$7,314,171$0$242,407,314
90$511,698,339$7,398,266$0$266,828,454
91$563,608,630$7,477,841$0$293,732,914
92$620,804,858$7,552,403$0$323,373,848
93$683,825,908$7,621,425$0$356,030,230
94$753,265,622$7,684,346$0$392,009,493
95$829,778,405$7,740,569$0$431,650,425
96$914,085,403$7,789,457$0$475,326,376
97$1,006,981,306$7,830,332$0$523,448,774
98$1,109,341,856$7,862,476$0$576,471,018
99$1,222,132,109$7,885,120$0$634,892,752
100$1,346,415,545$7,897,452$0$699,264,589