Can I retire at age 30 with 1,940,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$160,203$158,776$157,384$156,025$154,698$151,328
2 years$79,309$77,832$76,400$75,012$73,666$70,287
3 years$52,347$50,864$49,436$48,061$46,737$43,455
4 years$38,869$37,390$35,977$34,625$33,333$30,174
5 years$30,784$29,314$27,919$26,596$25,339$22,311
6 years$25,396$23,937$22,563$21,269$20,050$17,157
7 years$21,549$20,103$18,750$17,486$16,306$13,548
8 years$18,665$17,232$15,901$14,669$13,527$10,904
9 years$16,423$15,003$13,696$12,494$11,392$8,900
10 years$14,631$13,225$11,940$10,770$9,707$7,345
11 years$13,165$11,773$10,512$9,373$8,348$6,113
12 years$11,945$10,567$9,329$8,222$7,234$5,122
13 years$10,913$9,549$8,335$7,259$6,308$4,316
14 years$10,029$8,680$7,489$6,443$5,530$3,653
15 years$9,264$7,929$6,762$5,746$4,869$3,103
16 years$8,595$7,275$6,130$5,145$4,303$2,644
17 years$8,005$6,700$5,578$4,623$3,816$2,259
18 years$7,482$6,191$5,092$4,166$3,393$1,934
19 years$7,014$5,738$4,662$3,765$3,024$1,659
20 years$6,593$5,332$4,278$3,409$2,701$1,426
21 years$6,213$4,967$3,935$3,094$2,417$1,226
22 years$5,868$4,636$3,627$2,813$2,167$1,056
23 years$5,554$4,336$3,349$2,562$1,945$911
24 years$5,266$4,063$3,097$2,337$1,748$786
25 years$5,002$3,813$2,869$2,134$1,573$678
26 years$4,758$3,583$2,660$1,951$1,417$586
27 years$4,533$3,372$2,470$1,786$1,277$507
28 years$4,324$3,178$2,297$1,637$1,153$438
29 years$4,130$2,998$2,137$1,501$1,041$379
30 years$3,949$2,831$1,991$1,377$940$328
31 years$3,780$2,676$1,856$1,265$850$284
32 years$3,622$2,532$1,732$1,163$769$246
33 years$3,474$2,398$1,617$1,069$696$213
34 years$3,335$2,273$1,511$984$630$184
35 years$3,204$2,156$1,412$905$571$160
36 years$3,081$2,046$1,321$834$517$138
37 years$2,965$1,943$1,237$768$469$120
38 years$2,855$1,847$1,158$708$425$104
39 years$2,751$1,756$1,085$653$385$90
40 years$2,652$1,671$1,017$602$350$78
41 years$2,559$1,591$954$556$317$68
42 years$2,470$1,515$894$513$288$59
43 years$2,385$1,443$839$473$261$51
44 years$2,305$1,376$788$437$237$44
45 years$2,228$1,312$740$404$215$38
46 years$2,155$1,251$695$373$195$33
47 years$2,086$1,194$653$345$177$29
48 years$2,019$1,140$613$318$161$25
49 years$1,955$1,089$577$294$146$22
50 years$1,894$1,040$542$272$133$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,940,000, adding $2,953 every year, while hoping to spend $46,620 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: 26/46/28 Blend
29$1,940,000$1,940,000$1,940,000$1,940,000
30$2,140,926$2,038,106$2,008,036$2,177,793
31$2,309,697$2,088,370$2,025,702$2,258,593
32$2,494,120$2,139,534$2,042,397$2,341,045
33$2,695,743$2,191,594$2,058,040$2,428,556
34$2,916,269$2,244,542$2,072,544$2,521,585
35$3,157,573$2,298,370$2,085,819$2,620,639
36$3,421,722$2,353,066$2,097,771$2,726,278
37$3,710,989$2,408,618$2,108,298$2,839,118
38$4,027,880$2,465,010$2,117,295$2,959,838
39$4,375,152$2,522,223$2,124,653$3,089,189
40$4,755,843$2,580,238$2,130,254$3,227,997
41$5,173,299$2,639,030$2,133,978$3,377,174
42$5,631,205$2,698,571$2,135,696$3,537,726
43$6,133,620$2,758,833$2,135,273$3,710,763
44$6,685,014$2,819,781$2,132,569$3,897,508
45$7,290,311$2,881,376$2,127,437$4,099,312
46$7,954,937$2,943,578$2,119,720$4,317,663
47$8,684,867$3,006,339$2,109,257$4,554,205
48$9,486,683$3,069,609$2,095,876$4,810,750
49$10,367,637$3,133,333$2,079,401$5,089,297
50$11,335,718$3,197,448$2,059,642$5,392,051
51$12,399,726$3,261,888$2,036,405$5,721,446
52$13,569,358$3,326,580$2,009,485$6,080,165
53$14,855,295$3,391,445$1,978,665$6,471,168
54$16,269,306$3,456,397$1,943,722$6,897,722
55$17,824,358$3,521,343$1,904,419$7,363,427
56$19,534,736$3,586,183$1,860,511$7,872,258
57$21,416,180$3,650,807$1,811,739$8,428,598
58$23,486,032$3,715,097$1,757,833$9,037,280
59$25,763,399$3,778,929$1,698,512$9,703,637
60$28,269,333$3,842,164$1,633,480$10,433,549
61$31,027,032$3,904,657$1,562,429$11,233,504
62$34,062,054$3,966,250$1,485,035$12,110,655
63$37,402,562$4,026,775$1,400,962$13,072,893
64$41,079,587$4,086,050$1,309,857$14,128,919
65$45,127,319$4,143,881$1,211,352$15,288,330
66$49,583,435$4,200,061$1,105,062$16,561,709
67$54,489,449$4,254,367$990,585$17,960,728
68$59,891,104$4,306,562$867,501$19,498,258
69$65,838,806$4,356,393$735,371$21,188,490
70$72,388,095$4,403,587$593,737$23,047,076
71$79,600,174$4,447,856$442,121$25,091,275
72$87,542,483$4,488,893$280,024$27,340,114
73$96,289,335$4,526,367$106,923$29,814,579
74$105,922,618$4,559,930$0$32,537,805
75$116,532,566$4,589,207$0$35,558,548
76$128,218,613$4,613,804$0$38,917,291
77$141,090,329$4,633,297$0$42,613,244
78$155,268,451$4,647,238$0$46,680,784
79$170,886,030$4,655,149$0$51,157,800
80$188,089,678$4,656,524$0$56,086,054
81$207,040,957$4,650,825$0$61,511,574
82$227,917,899$4,637,480$0$67,485,095
83$250,916,690$4,615,882$0$74,062,532
84$276,253,519$4,585,387$0$81,305,515
85$304,166,620$4,545,313$0$89,281,972
86$334,918,517$4,494,935$0$98,066,770
87$368,798,505$4,433,487$0$107,742,426
88$406,125,379$4,360,153$0$118,399,887
89$447,250,440$4,274,074$0$130,139,389
90$492,560,816$4,174,335$0$143,071,409
91$542,483,112$4,059,970$0$157,317,711
92$597,487,436$3,929,955$0$173,012,492
93$658,091,840$3,783,208$0$190,303,662
94$724,867,204$3,618,582$0$209,354,232
95$798,442,630$3,434,863$0$230,343,865
96$879,511,378$3,230,771$0$253,470,574
97$968,837,406$3,004,947$0$278,952,589
98$1,067,262,590$2,755,958$0$307,030,431
99$1,175,714,661$2,482,286$0$337,969,179
100$1,295,215,969$2,182,331$0$372,060,980