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

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$160,203$158,776$157,384$156,025$154,698$149,567
2 years$79,309$77,832$76,400$75,012$73,666$68,546
3 years$52,347$50,864$49,436$48,061$46,737$41,789
4 years$38,869$37,390$35,977$34,625$33,333$28,595
5 years$30,784$29,314$27,919$26,596$25,339$20,824
6 years$25,396$23,937$22,563$21,269$20,050$15,761
7 years$21,549$20,103$18,750$17,486$16,306$12,243
8 years$18,665$17,232$15,901$14,669$13,527$9,687
9 years$16,423$15,003$13,696$12,494$11,392$7,770
10 years$14,631$13,225$11,940$10,770$9,707$6,296
11 years$13,165$11,773$10,512$9,373$8,348$5,144
12 years$11,945$10,567$9,329$8,222$7,234$4,229
13 years$10,913$9,549$8,335$7,259$6,308$3,494
14 years$10,029$8,680$7,489$6,443$5,530$2,899
15 years$9,264$7,929$6,762$5,746$4,869$2,413
16 years$8,595$7,275$6,130$5,145$4,303$2,014
17 years$8,005$6,700$5,578$4,623$3,816$1,685
18 years$7,482$6,191$5,092$4,166$3,393$1,412
19 years$7,014$5,738$4,662$3,765$3,024$1,185
20 years$6,593$5,332$4,278$3,409$2,701$996
21 years$6,213$4,967$3,935$3,094$2,417$838
22 years$5,868$4,636$3,627$2,813$2,167$705
23 years$5,554$4,336$3,349$2,562$1,945$594
24 years$5,266$4,063$3,097$2,337$1,748$501
25 years$5,002$3,813$2,869$2,134$1,573$423
26 years$4,758$3,583$2,660$1,951$1,417$357
27 years$4,533$3,372$2,470$1,786$1,277$301
28 years$4,324$3,178$2,297$1,637$1,153$254
29 years$4,130$2,998$2,137$1,501$1,041$215
30 years$3,949$2,831$1,991$1,377$940$182
31 years$3,780$2,676$1,856$1,265$850$154
32 years$3,622$2,532$1,732$1,163$769$130
33 years$3,474$2,398$1,617$1,069$696$110
34 years$3,335$2,273$1,511$984$630$93
35 years$3,204$2,156$1,412$905$571$78
36 years$3,081$2,046$1,321$834$517$66
37 years$2,965$1,943$1,237$768$469$56
38 years$2,855$1,847$1,158$708$425$47
39 years$2,751$1,756$1,085$653$385$40
40 years$2,652$1,671$1,017$602$350$34
41 years$2,559$1,591$954$556$317$29
42 years$2,470$1,515$894$513$288$24
43 years$2,385$1,443$839$473$261$21
44 years$2,305$1,376$788$437$237$17
45 years$2,228$1,312$740$404$215$15
46 years$2,155$1,251$695$373$195$12
47 years$2,086$1,194$653$345$177$11
48 years$2,019$1,140$613$318$161$9
49 years$1,955$1,089$577$294$146$8
50 years$1,894$1,040$542$272$133$6

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 $6,876 every year, while hoping to spend $32,266 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: 77/9/14 Blend
29$1,940,000$1,940,000$1,940,000$1,940,000
30$2,144,973$2,042,153$2,012,083$2,303,401
31$2,329,429$2,107,887$2,045,157$2,474,542
32$2,531,619$2,175,762$2,078,257$2,657,400
33$2,753,316$2,245,846$2,111,351$2,857,022
34$2,996,476$2,318,214$2,144,403$3,075,068
35$3,263,251$2,392,942$2,177,375$3,313,367
36$3,556,014$2,470,106$2,210,228$3,573,934
37$3,877,375$2,549,789$2,242,918$3,858,985
38$4,230,212$2,632,074$2,275,401$4,170,964
39$4,617,695$2,717,047$2,307,629$4,512,562
40$5,043,316$2,804,798$2,339,550$4,886,743
41$5,510,920$2,895,419$2,371,111$5,296,771
42$6,024,745$2,989,006$2,402,254$5,746,244
43$6,589,459$3,085,658$2,432,920$6,239,121
44$7,210,205$3,185,476$2,463,044$6,779,769
45$7,892,649$3,288,568$2,492,559$7,372,995
46$8,643,033$3,395,041$2,521,393$8,024,096
47$9,468,234$3,505,009$2,549,471$8,738,908
48$10,375,829$3,618,590$2,576,714$9,523,859
49$11,374,166$3,735,904$2,603,037$10,386,033
50$12,472,444$3,857,076$2,628,351$11,333,234
51$13,680,797$3,982,236$2,652,565$12,374,061
52$15,010,391$4,111,519$2,675,579$13,517,986
53$16,473,530$4,245,062$2,697,289$14,775,448
54$18,083,769$4,383,009$2,717,587$16,157,949
55$19,856,045$4,525,508$2,736,359$17,678,159
56$21,806,817$4,672,714$2,753,482$19,350,042
57$23,954,220$4,824,785$2,768,831$21,188,983
58$26,318,236$4,981,884$2,782,273$23,211,934
59$28,920,883$5,144,184$2,793,666$25,437,574
60$31,786,424$5,311,859$2,802,864$27,886,487
61$34,941,590$5,485,091$2,809,711$30,581,351
62$38,415,842$5,664,071$2,814,046$33,547,157
63$42,241,639$5,848,991$2,815,698$36,811,444
64$46,454,750$6,040,056$2,814,488$40,404,557
65$51,094,589$6,237,473$2,810,227$44,359,931
66$56,204,587$6,441,459$2,802,720$48,714,413
67$61,832,604$6,652,239$2,791,759$53,508,604
68$68,031,374$6,870,044$2,777,129$58,787,245
69$74,859,013$7,095,114$2,758,601$64,599,636
70$82,379,557$7,327,699$2,735,938$71,000,105
71$90,663,571$7,568,056$2,708,892$78,048,519
72$99,788,816$7,816,451$2,677,200$85,810,847
73$109,840,978$8,073,160$2,640,590$94,359,786
74$120,914,483$8,338,471$2,598,775$103,775,445
75$133,113,382$8,612,677$2,551,455$114,146,099
76$146,552,335$8,896,087$2,498,317$125,569,028
77$161,357,696$9,189,017$2,439,033$138,151,429
78$177,668,699$9,491,798$2,373,259$152,011,431
79$195,638,780$9,804,769$2,300,636$167,279,210
80$215,437,016$10,128,283$2,220,789$184,098,215
81$237,249,730$10,462,707$2,133,323$202,626,526
82$261,282,241$10,808,419$2,037,828$223,038,342
83$287,760,810$11,165,811$1,933,876$245,525,628
84$316,934,767$11,535,291$1,821,015$270,299,926
85$349,078,873$11,917,280$1,698,779$297,594,353
86$384,495,905$12,312,213$1,566,675$327,665,799
87$423,519,521$12,720,545$1,424,192$360,797,354
88$466,517,403$13,142,744$1,270,794$397,300,980
89$513,894,736$13,579,295$1,105,922$437,520,456
90$566,098,021$14,030,703$928,993$481,834,622
91$623,619,301$14,497,489$739,397$530,660,957
92$687,000,799$14,980,196$536,496$584,459,517
93$756,840,039$15,479,383$319,626$643,737,283
94$833,795,483$15,995,633$88,094$709,052,943
95$918,592,752$16,529,549$0$781,022,167
96$1,012,031,472$17,081,756$0$860,347,170
97$1,114,992,822$17,652,902$0$947,767,452
98$1,228,447,855$18,243,660$0$1,044,093,882
99$1,353,466,664$18,854,726$0$1,150,234,540
100$1,491,228,480$19,486,824$0$1,267,190,119