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%11.5%
1 years$160,203$158,776$157,384$156,025$154,698$153,723
2 years$79,309$77,832$76,400$75,012$73,666$72,682
3 years$52,347$50,864$49,436$48,061$46,737$45,775
4 years$38,869$37,390$35,977$34,625$33,333$32,401
5 years$30,784$29,314$27,919$26,596$25,339$24,439
6 years$25,396$23,937$22,563$21,269$20,050$19,183
7 years$21,549$20,103$18,750$17,486$16,306$15,473
8 years$18,665$17,232$15,901$14,669$13,527$12,728
9 years$16,423$15,003$13,696$12,494$11,392$10,626
10 years$14,631$13,225$11,940$10,770$9,707$8,974
11 years$13,165$11,773$10,512$9,373$8,348$7,648
12 years$11,945$10,567$9,329$8,222$7,234$6,566
13 years$10,913$9,549$8,335$7,259$6,308$5,672
14 years$10,029$8,680$7,489$6,443$5,530$4,924
15 years$9,264$7,929$6,762$5,746$4,869$4,293
16 years$8,595$7,275$6,130$5,145$4,303$3,756
17 years$8,005$6,700$5,578$4,623$3,816$3,296
18 years$7,482$6,191$5,092$4,166$3,393$2,900
19 years$7,014$5,738$4,662$3,765$3,024$2,558
20 years$6,593$5,332$4,278$3,409$2,701$2,260
21 years$6,213$4,967$3,935$3,094$2,417$2,001
22 years$5,868$4,636$3,627$2,813$2,167$1,774
23 years$5,554$4,336$3,349$2,562$1,945$1,575
24 years$5,266$4,063$3,097$2,337$1,748$1,399
25 years$5,002$3,813$2,869$2,134$1,573$1,245
26 years$4,758$3,583$2,660$1,951$1,417$1,108
27 years$4,533$3,372$2,470$1,786$1,277$988
28 years$4,324$3,178$2,297$1,637$1,153$881
29 years$4,130$2,998$2,137$1,501$1,041$786
30 years$3,949$2,831$1,991$1,377$940$702
31 years$3,780$2,676$1,856$1,265$850$627
32 years$3,622$2,532$1,732$1,163$769$560
33 years$3,474$2,398$1,617$1,069$696$501
34 years$3,335$2,273$1,511$984$630$448
35 years$3,204$2,156$1,412$905$571$400
36 years$3,081$2,046$1,321$834$517$358
37 years$2,965$1,943$1,237$768$469$321
38 years$2,855$1,847$1,158$708$425$287
39 years$2,751$1,756$1,085$653$385$257
40 years$2,652$1,671$1,017$602$350$230
41 years$2,559$1,591$954$556$317$206
42 years$2,470$1,515$894$513$288$185
43 years$2,385$1,443$839$473$261$165
44 years$2,305$1,376$788$437$237$148
45 years$2,228$1,312$740$404$215$133
46 years$2,155$1,251$695$373$195$119
47 years$2,086$1,194$653$345$177$107
48 years$2,019$1,140$613$318$161$96
49 years$1,955$1,089$577$294$146$86
50 years$1,894$1,040$542$272$133$77

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 $3,956 every year, while hoping to spend $47,564 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: 34/40/26 Blend
29$1,940,000$1,940,000$1,940,000$1,940,000
30$2,141,961$2,039,141$2,009,071$2,197,774
31$2,309,833$2,088,451$2,025,767$2,289,294
32$2,493,234$2,138,583$2,041,428$2,383,355
33$2,693,698$2,189,527$2,055,970$2,483,852
34$2,912,912$2,241,272$2,069,302$2,591,388
35$3,152,737$2,293,802$2,081,332$2,706,631
36$3,415,220$2,347,102$2,091,960$2,830,312
37$3,702,614$2,401,152$2,101,082$2,963,240
38$4,017,402$2,455,930$2,108,590$3,106,308
39$4,362,318$2,511,411$2,114,369$3,260,499
40$4,740,373$2,567,568$2,118,298$3,426,896
41$5,154,881$2,624,369$2,120,252$3,606,696
42$5,609,496$2,681,780$2,120,097$3,801,216
43$6,108,239$2,739,762$2,117,694$4,011,910
44$6,655,541$2,798,272$2,112,898$4,240,380
45$7,256,281$2,857,263$2,105,556$4,488,396
46$7,915,837$2,916,683$2,095,507$4,757,906
47$8,640,129$2,976,477$2,082,583$5,051,060
48$9,435,680$3,036,582$2,066,608$5,370,229
49$10,309,676$3,096,932$2,047,396$5,718,029
50$11,270,034$3,157,453$2,024,755$6,097,342
51$12,325,475$3,218,065$1,998,482$6,511,349
52$13,485,607$3,278,684$1,968,364$6,963,556
53$14,761,014$3,339,215$1,934,180$7,457,832
54$16,163,360$3,399,558$1,895,696$7,998,440
55$17,705,491$3,459,605$1,852,671$8,590,085
56$19,401,563$3,519,238$1,804,848$9,237,953
57$21,267,174$3,578,332$1,751,961$9,947,762
58$23,319,507$3,636,751$1,693,733$10,725,821
59$25,577,494$3,694,350$1,629,871$11,579,084
60$28,061,997$3,750,972$1,560,070$12,515,219
61$30,796,001$3,806,449$1,484,013$13,542,684
62$33,804,831$3,860,603$1,401,365$14,670,802
63$37,116,393$3,913,242$1,311,780$15,909,855
64$40,761,433$3,964,158$1,214,892$17,271,179
65$44,773,831$4,013,134$1,110,323$18,767,275
66$49,190,917$4,059,933$997,674$20,411,925
67$54,053,827$4,104,306$876,532$22,220,323
68$59,407,884$4,145,984$746,463$24,209,225
69$65,303,033$4,184,682$607,014$26,397,103
70$71,794,306$4,220,096$457,714$28,804,320
71$78,942,347$4,251,901$298,068$31,453,332
72$86,813,975$4,279,753$127,562$34,368,891
73$95,482,824$4,303,285$0$37,578,288
74$105,030,031$4,322,105$0$41,126,701
75$115,545,004$4,335,798$0$45,070,952
76$127,126,265$4,343,922$0$49,412,344
77$139,882,377$4,346,008$0$54,191,355
78$153,932,974$4,341,556$0$59,452,599
79$169,409,883$4,330,039$0$65,245,246
80$186,458,374$4,310,893$0$71,623,487
81$205,238,523$4,283,522$0$78,647,050
82$225,926,732$4,247,294$0$86,381,761
83$248,717,386$4,201,538$0$94,900,169
84$273,824,689$4,145,543$0$104,282,233
85$301,484,688$4,078,556$0$114,616,076
86$331,957,498$3,999,777$0$125,998,823
87$365,529,758$3,908,362$0$138,537,514
88$402,517,336$3,803,413$0$152,350,120
89$443,268,308$3,683,984$0$167,566,661
90$488,166,246$3,549,071$0$184,330,429
91$537,633,838$3,397,610$0$202,799,350
92$592,136,876$3,228,479$0$223,147,472
93$652,188,651$3,040,489$0$245,566,616
94$718,354,803$2,832,382$0$270,268,185
95$791,258,654$2,602,830$0$297,485,165
96$871,587,095$2,350,427$0$327,474,330
97$960,097,069$2,073,688$0$360,518,666
98$1,057,622,715$1,771,044$0$396,930,045
99$1,165,083,243$1,440,836$0$437,052,181
100$1,283,491,610$1,081,312$0$481,263,870