Can I retire at age 30 with 1,930,000?

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 $1,930,000?

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$159,378$157,958$156,573$155,221$153,901$148,736
2 years$78,900$77,430$76,006$74,625$73,286$68,134
3 years$52,077$50,602$49,181$47,813$46,496$41,518
4 years$38,669$37,198$35,791$34,447$33,161$28,395
5 years$30,626$29,163$27,775$26,458$25,209$20,667
6 years$25,265$23,814$22,447$21,159$19,947$15,634
7 years$21,438$19,999$18,653$17,396$16,222$12,137
8 years$18,569$17,143$15,819$14,593$13,458$9,598
9 years$16,339$14,926$13,625$12,430$11,333$7,693
10 years$14,555$13,156$11,879$10,715$9,657$6,231
11 years$13,097$11,712$10,458$9,325$8,305$5,087
12 years$11,883$10,512$9,281$8,179$7,197$4,179
13 years$10,857$9,500$8,292$7,221$6,276$3,451
14 years$9,977$8,635$7,451$6,410$5,501$2,861
15 years$9,216$7,889$6,727$5,717$4,844$2,380
16 years$8,551$7,238$6,099$5,119$4,281$1,985
17 years$7,964$6,666$5,550$4,599$3,796$1,659
18 years$7,443$6,159$5,066$4,145$3,375$1,389
19 years$6,978$5,708$4,638$3,745$3,008$1,165
20 years$6,559$5,305$4,256$3,392$2,687$978
21 years$6,181$4,941$3,915$3,078$2,405$822
22 years$5,838$4,612$3,608$2,799$2,155$692
23 years$5,525$4,314$3,332$2,549$1,935$583
24 years$5,239$4,042$3,081$2,325$1,739$491
25 years$4,976$3,793$2,854$2,123$1,565$414
26 years$4,733$3,565$2,647$1,941$1,410$349
27 years$4,509$3,355$2,458$1,777$1,271$294
28 years$4,302$3,161$2,285$1,628$1,147$248
29 years$4,108$2,982$2,126$1,493$1,035$210
30 years$3,929$2,816$1,980$1,370$936$177
31 years$3,761$2,662$1,846$1,258$846$150
32 years$3,604$2,519$1,723$1,157$765$126
33 years$3,456$2,386$1,608$1,064$692$107
34 years$3,318$2,261$1,503$979$627$90
35 years$3,188$2,145$1,405$901$568$76
36 years$3,065$2,036$1,314$830$515$64
37 years$2,950$1,933$1,230$764$466$54
38 years$2,840$1,837$1,152$705$423$46
39 years$2,737$1,747$1,079$650$383$39
40 years$2,639$1,662$1,012$599$348$33
41 years$2,546$1,582$949$553$315$28
42 years$2,457$1,507$890$510$286$23
43 years$2,373$1,436$835$471$260$20
44 years$2,293$1,369$784$435$236$17
45 years$2,217$1,305$736$402$214$14
46 years$2,144$1,245$691$371$194$12
47 years$2,075$1,188$649$343$176$10
48 years$2,008$1,134$610$317$160$9
49 years$1,945$1,083$574$293$146$7
50 years$1,884$1,035$539$271$132$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,930,000, adding $2,386 every year, while hoping to spend $40,642 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: 29/46/25 Blend
29$1,930,000$1,930,000$1,930,000$1,930,000
30$2,129,321$2,027,031$1,997,116$2,174,468
31$2,303,269$2,083,113$2,020,777$2,265,998
32$2,493,598$2,140,581$2,043,868$2,360,602
33$2,701,935$2,199,459$2,066,327$2,461,482
34$2,930,073$2,259,773$2,088,090$2,569,205
35$3,179,986$2,321,548$2,109,087$2,684,396
36$3,453,848$2,384,807$2,129,245$2,807,744
37$3,754,054$2,449,576$2,148,488$2,940,005
38$4,083,239$2,515,877$2,166,734$3,082,013
39$4,444,310$2,583,735$2,183,900$3,234,686
40$4,840,464$2,653,173$2,199,895$3,399,033
41$5,275,224$2,724,211$2,214,625$3,576,168
42$5,752,473$2,796,874$2,227,991$3,767,315
43$6,276,485$2,871,181$2,239,888$3,973,825
44$6,851,971$2,947,152$2,250,208$4,197,184
45$7,484,117$3,024,808$2,258,835$4,439,030
46$8,178,639$3,104,166$2,265,649$4,701,166
47$8,941,834$3,185,243$2,270,521$4,985,581
48$9,780,637$3,268,056$2,273,320$5,294,465
49$10,702,690$3,352,619$2,273,904$5,630,230
50$11,716,412$3,438,945$2,272,128$5,995,536
51$12,831,078$3,527,046$2,267,836$6,393,313
52$14,056,907$3,616,930$2,260,868$6,826,789
53$15,405,159$3,708,607$2,251,054$7,299,523
54$16,888,237$3,802,080$2,238,216$7,815,436
55$18,519,809$3,897,354$2,222,168$8,378,849
56$20,314,934$3,994,429$2,202,715$8,994,525
57$22,290,204$4,093,303$2,179,653$9,667,713
58$24,463,901$4,193,971$2,152,768$10,404,197
59$26,856,168$4,296,424$2,121,834$11,210,354
60$29,489,200$4,400,652$2,086,619$12,093,210
61$32,387,453$4,506,639$2,046,875$13,060,510
62$35,577,874$4,614,365$2,002,346$14,120,790
63$39,090,155$4,723,807$1,952,763$15,283,460
64$42,957,014$4,834,936$1,897,844$16,558,888
65$47,214,502$4,947,721$1,837,294$17,958,504
66$51,902,344$5,062,122$1,770,806$19,494,905
67$57,064,312$5,178,095$1,698,058$21,181,976
68$62,748,641$5,295,591$1,618,712$23,035,021
69$69,008,481$5,414,553$1,532,417$25,070,908
70$75,902,397$5,534,918$1,438,804$27,308,227
71$83,494,928$5,656,615$1,337,490$29,767,471
72$91,857,186$5,779,565$1,228,072$32,471,224
73$101,067,537$5,903,681$1,110,130$35,444,379
74$111,212,333$6,028,869$983,226$38,714,375
75$122,386,728$6,155,021$846,902$42,311,452
76$134,695,581$6,282,023$700,679$46,268,941
77$148,254,437$6,409,749$544,059$50,623,579
78$163,190,623$6,538,060$376,518$55,415,855
79$179,644,448$6,666,807$197,513$60,690,398
80$197,770,527$6,795,826$6,476$66,496,393
81$217,739,241$6,924,941$0$72,888,053
82$239,738,341$7,053,961$0$79,977,783
83$263,974,725$7,182,678$0$87,784,046
84$290,676,387$7,310,869$0$96,377,869
85$320,094,569$7,438,293$0$105,839,424
86$352,506,136$7,564,690$0$116,257,066
87$388,216,184$7,689,781$0$127,728,160
88$427,560,920$7,813,266$0$140,360,007
89$470,910,840$7,934,823$0$154,270,851
90$518,674,221$8,054,104$0$169,591,002
91$571,300,977$8,170,741$0$186,464,062
92$629,286,905$8,284,335$0$205,048,286
93$693,178,364$8,394,463$0$225,518,072
94$763,577,434$8,500,668$0$248,065,611
95$841,147,598$8,602,466$0$272,902,704
96$926,620,004$8,699,338$0$300,262,758
97$1,020,800,369$8,790,731$0$330,402,996
98$1,124,576,583$8,876,053$0$363,606,883
99$1,238,927,090$8,954,675$0$400,186,803
100$1,364,930,126$9,025,926$0$440,487,013