Can I retire at age 30 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$161,029$159,595$158,195$156,829$155,496$149,503
2 years$79,717$78,233$76,794$75,399$74,046$68,080
3 years$52,617$51,126$49,691$48,309$46,978$41,226
4 years$39,070$37,583$36,162$34,804$33,505$28,012
5 years$30,943$29,466$28,063$26,733$25,470$20,249
6 years$25,527$24,061$22,679$21,378$20,153$15,208
7 years$21,660$20,206$18,847$17,576$16,390$11,719
8 years$18,761$17,320$15,983$14,744$13,597$9,196
9 years$16,508$15,081$13,767$12,559$11,451$7,313
10 years$14,706$13,293$12,002$10,826$9,757$5,874
11 years$13,233$11,834$10,566$9,422$8,391$4,755
12 years$12,006$10,621$9,377$8,264$7,271$3,873
13 years$10,969$9,599$8,378$7,296$6,341$3,170
14 years$10,081$8,725$7,528$6,477$5,558$2,604
15 years$9,312$7,970$6,797$5,776$4,894$2,146
16 years$8,639$7,313$6,162$5,172$4,325$1,773
17 years$8,047$6,735$5,607$4,647$3,835$1,468
18 years$7,520$6,223$5,119$4,188$3,410$1,217
19 years$7,050$5,768$4,686$3,784$3,039$1,011
20 years$6,627$5,359$4,300$3,427$2,715$841
21 years$6,245$4,992$3,956$3,110$2,430$700
22 years$5,899$4,660$3,646$2,828$2,178$583
23 years$5,583$4,358$3,366$2,575$1,955$486
24 years$5,293$4,084$3,113$2,349$1,757$405
25 years$5,027$3,832$2,883$2,145$1,581$338
26 years$4,782$3,602$2,674$1,961$1,424$282
27 years$4,556$3,390$2,483$1,795$1,284$235
28 years$4,346$3,194$2,308$1,645$1,159$196
29 years$4,151$3,013$2,148$1,508$1,046$164
30 years$3,969$2,846$2,001$1,384$945$137
31 years$3,800$2,690$1,865$1,271$855$115
32 years$3,641$2,545$1,741$1,169$773$96
33 years$3,492$2,410$1,625$1,075$700$80
34 years$3,352$2,285$1,518$989$633$67
35 years$3,221$2,167$1,420$910$574$56
36 years$3,097$2,057$1,328$838$520$47
37 years$2,980$1,953$1,243$772$471$39
38 years$2,870$1,856$1,164$712$427$33
39 years$2,765$1,765$1,091$656$387$27
40 years$2,666$1,679$1,022$605$351$23
41 years$2,572$1,599$958$559$319$19
42 years$2,483$1,523$899$515$289$16
43 years$2,398$1,451$844$476$262$13
44 years$2,317$1,383$792$439$238$11
45 years$2,240$1,319$744$406$216$9
46 years$2,166$1,258$698$375$196$8
47 years$2,096$1,200$656$346$178$7
48 years$2,029$1,146$617$320$162$5
49 years$1,965$1,094$580$296$147$5
50 years$1,904$1,045$545$273$134$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,950,000, adding $5,728 every year, while hoping to spend $27,820 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: 46/45/9 Blend
29$1,950,000$1,950,000$1,950,000$1,950,000
30$2,154,808$2,051,458$2,021,233$2,248,286
31$2,344,999$2,122,380$2,059,344$2,384,277
32$2,553,656$2,195,844$2,097,800$2,528,372
33$2,782,634$2,271,945$2,136,582$2,684,046
34$3,033,976$2,350,784$2,175,671$2,852,380
35$3,309,932$2,432,463$2,215,046$3,034,560
36$3,612,980$2,517,088$2,254,684$3,231,891
37$3,945,850$2,604,771$2,294,562$3,445,808
38$4,311,549$2,695,628$2,334,653$3,677,887
39$4,713,391$2,789,778$2,374,928$3,929,861
40$5,155,026$2,887,346$2,415,357$4,203,639
41$5,640,475$2,988,462$2,455,908$4,501,315
42$6,174,169$3,093,262$2,496,546$4,825,197
43$6,760,988$3,201,886$2,537,234$5,177,822
44$7,406,309$3,314,479$2,577,932$5,561,981
45$8,116,058$3,431,194$2,618,598$5,980,746
46$8,896,762$3,552,188$2,659,187$6,437,495
47$9,755,614$3,677,627$2,699,651$6,935,947
48$10,700,536$3,807,680$2,739,940$7,480,197
49$11,740,261$3,942,527$2,779,998$8,074,748
50$12,884,408$4,082,351$2,819,768$8,724,560
51$14,143,577$4,227,346$2,859,190$9,435,091
52$15,529,448$4,377,712$2,898,199$10,212,350
53$17,054,889$4,533,658$2,936,726$11,062,953
54$18,734,081$4,695,400$2,974,699$11,994,184
55$20,582,647$4,863,164$3,012,042$13,014,063
56$22,617,805$5,037,187$3,048,673$14,131,421
57$24,858,524$5,217,712$3,084,506$15,355,981
58$27,325,707$5,404,994$3,119,451$16,698,453
59$30,042,390$5,599,299$3,153,413$18,170,630
60$33,033,952$5,800,903$3,186,291$19,785,497
61$36,328,361$6,010,093$3,217,978$21,557,360
62$39,956,436$6,227,170$3,248,362$23,501,971
63$43,952,136$6,452,444$3,277,325$25,636,682
64$48,352,881$6,686,242$3,304,744$27,980,603
65$53,199,908$6,928,901$3,330,486$30,554,787
66$58,538,656$7,180,774$3,354,414$33,382,420
67$64,419,194$7,442,228$3,376,383$36,489,044
68$70,896,701$7,713,645$3,396,240$39,902,796
69$78,031,975$7,995,425$3,413,824$43,654,670
70$85,892,017$8,287,981$3,428,968$47,778,811
71$94,550,658$8,591,748$3,441,494$52,312,832
72$104,089,257$8,907,175$3,451,216$57,298,172
73$114,597,467$9,234,733$3,457,938$62,780,482
74$126,174,085$9,574,911$3,461,455$68,810,056
75$138,927,979$9,928,219$3,461,551$75,442,304
76$152,979,121$10,295,190$3,458,001$82,738,270
77$168,459,715$10,676,378$3,450,568$90,765,212
78$185,515,446$11,072,360$3,439,002$99,597,230
79$204,306,857$11,483,741$3,423,043$109,315,968
80$225,010,859$11,911,147$3,402,418$120,011,377
81$247,822,408$12,355,235$3,376,841$131,782,567
82$272,956,339$12,816,686$3,346,010$144,738,736
83$300,649,396$13,296,214$3,309,612$159,000,202
84$331,162,467$13,794,562$3,267,317$174,699,536
85$364,783,047$14,312,504$3,218,780$191,982,808
86$401,827,950$14,850,848$3,163,641$211,010,965
87$442,646,299$15,410,438$3,101,521$231,961,348
88$487,622,824$15,992,152$3,032,025$255,029,363
89$537,181,493$16,596,909$2,954,739$280,430,323
90$591,789,512$17,225,664$2,869,229$308,401,476
91$651,961,738$17,879,417$2,775,044$339,204,243
92$718,265,536$18,559,209$2,671,708$373,126,679
93$791,326,138$19,266,127$2,558,728$410,486,197
94$871,832,543$20,001,307$2,435,584$451,632,550
95$960,544,022$20,765,931$2,301,736$496,951,138
96$1,058,297,286$21,561,235$2,156,618$546,866,636
97$1,166,014,382$22,388,509$1,999,638$601,847,004
98$1,284,711,402$23,249,099$1,830,179$662,407,896
99$1,415,508,070$24,144,409$1,647,595$729,117,527
100$1,559,638,315$25,075,907$1,451,211$802,602,031