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%13.9%
1 years$161,029$159,595$158,195$156,829$155,496$152,983
2 years$79,717$78,233$76,794$75,399$74,046$71,521
3 years$52,617$51,126$49,691$48,309$46,978$44,519
4 years$39,070$37,583$36,162$34,804$33,505$31,132
5 years$30,943$29,466$28,063$26,733$25,470$23,190
6 years$25,527$24,061$22,679$21,378$20,153$17,968
7 years$21,660$20,206$18,847$17,576$16,390$14,301
8 years$18,761$17,320$15,983$14,744$13,597$11,603
9 years$16,508$15,081$13,767$12,559$11,451$9,551
10 years$14,706$13,293$12,002$10,826$9,757$7,950
11 years$13,233$11,834$10,566$9,422$8,391$6,675
12 years$12,006$10,621$9,377$8,264$7,271$5,644
13 years$10,969$9,599$8,378$7,296$6,341$4,800
14 years$10,081$8,725$7,528$6,477$5,558$4,101
15 years$9,312$7,970$6,797$5,776$4,894$3,518
16 years$8,639$7,313$6,162$5,172$4,325$3,028
17 years$8,047$6,735$5,607$4,647$3,835$2,613
18 years$7,520$6,223$5,119$4,188$3,410$2,260
19 years$7,050$5,768$4,686$3,784$3,039$1,959
20 years$6,627$5,359$4,300$3,427$2,715$1,701
21 years$6,245$4,992$3,956$3,110$2,430$1,479
22 years$5,899$4,660$3,646$2,828$2,178$1,287
23 years$5,583$4,358$3,366$2,575$1,955$1,122
24 years$5,293$4,084$3,113$2,349$1,757$979
25 years$5,027$3,832$2,883$2,145$1,581$854
26 years$4,782$3,602$2,674$1,961$1,424$746
27 years$4,556$3,390$2,483$1,795$1,284$653
28 years$4,346$3,194$2,308$1,645$1,159$571
29 years$4,151$3,013$2,148$1,508$1,046$500
30 years$3,969$2,846$2,001$1,384$945$437
31 years$3,800$2,690$1,865$1,271$855$383
32 years$3,641$2,545$1,741$1,169$773$336
33 years$3,492$2,410$1,625$1,075$700$294
34 years$3,352$2,285$1,518$989$633$258
35 years$3,221$2,167$1,420$910$574$226
36 years$3,097$2,057$1,328$838$520$198
37 years$2,980$1,953$1,243$772$471$174
38 years$2,870$1,856$1,164$712$427$152
39 years$2,765$1,765$1,091$656$387$134
40 years$2,666$1,679$1,022$605$351$117
41 years$2,572$1,599$958$559$319$103
42 years$2,483$1,523$899$515$289$90
43 years$2,398$1,451$844$476$262$79
44 years$2,317$1,383$792$439$238$70
45 years$2,240$1,319$744$406$216$61
46 years$2,166$1,258$698$375$196$54
47 years$2,096$1,200$656$346$178$47
48 years$2,029$1,146$617$320$162$41
49 years$1,965$1,094$580$296$147$36
50 years$1,904$1,045$545$273$134$32

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 $6,674 every year, while hoping to spend $35,652 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: 78/16/6 Blend
29$1,950,000$1,950,000$1,950,000$1,950,000
30$2,155,784$2,052,434$2,022,209$2,322,288
31$2,337,741$2,115,070$2,052,020$2,495,059
32$2,537,062$2,179,580$2,081,634$2,679,158
33$2,755,481$2,246,019$2,111,008$2,879,986
34$2,994,908$2,314,441$2,140,094$3,099,189
35$3,257,445$2,384,905$2,168,844$3,338,582
36$3,545,408$2,457,469$2,197,204$3,600,162
37$3,861,348$2,532,193$2,225,118$3,886,129
38$4,208,075$2,609,140$2,252,529$4,198,904
39$4,588,682$2,688,372$2,279,373$4,541,155
40$5,006,581$2,769,955$2,305,585$4,915,819
41$5,465,526$2,853,956$2,331,095$5,326,131
42$5,969,653$2,940,444$2,355,831$5,775,655
43$6,523,521$3,029,489$2,379,714$6,268,314
44$7,132,150$3,121,164$2,402,664$6,808,432
45$7,801,070$3,215,542$2,424,595$7,400,769
46$8,536,376$3,312,700$2,445,415$8,050,572
47$9,344,780$3,412,716$2,465,031$8,763,617
48$10,233,679$3,515,671$2,483,341$9,546,270
49$11,211,221$3,621,646$2,500,239$10,405,542
50$12,286,385$3,730,725$2,515,616$11,349,157
51$13,469,061$3,842,995$2,529,354$12,385,626
52$14,770,147$3,958,545$2,541,330$13,524,323
53$16,201,653$4,077,464$2,551,415$14,775,578
54$17,776,809$4,199,847$2,559,475$16,150,771
55$19,510,192$4,325,788$2,565,365$17,662,438
56$21,417,864$4,455,384$2,568,938$19,324,395
57$23,517,525$4,588,736$2,570,036$21,151,862
58$25,828,675$4,725,947$2,568,494$23,161,606
59$28,372,801$4,867,120$2,564,141$25,372,107
60$31,173,581$5,012,363$2,556,793$27,803,722
61$34,257,103$5,161,785$2,546,263$30,478,883
62$37,652,114$5,315,500$2,532,349$33,422,306
63$41,390,292$5,473,621$2,514,845$36,661,227
64$45,506,540$5,636,266$2,493,530$40,225,654
65$50,039,320$5,803,556$2,468,177$44,148,654
66$55,031,013$5,975,614$2,438,544$48,466,661
67$60,528,322$6,152,564$2,404,380$53,219,825
68$66,582,706$6,334,535$2,365,422$58,452,384
69$73,250,873$6,521,658$2,321,395$64,213,087
70$80,595,310$6,714,068$2,272,010$70,555,650
71$88,684,875$6,911,900$2,216,965$77,539,265
72$97,595,444$7,115,295$2,155,945$85,229,157
73$107,410,629$7,324,394$2,088,619$93,697,199
74$118,222,567$7,539,343$2,014,642$103,022,591
75$130,132,789$7,760,291$1,933,652$113,292,609
76$143,253,176$7,987,388$1,845,272$124,603,422
77$157,707,018$8,220,788$1,749,107$137,061,009
78$173,630,176$8,460,649$1,644,744$150,782,150
79$191,172,362$8,707,129$1,531,751$165,895,533
80$210,498,557$8,960,392$1,409,679$182,542,968
81$231,790,562$9,220,603$1,278,055$200,880,724
82$255,248,717$9,487,931$1,136,388$221,081,004
83$281,093,794$9,762,547$984,164$243,333,569
84$309,569,073$10,044,625$820,847$267,847,533
85$340,942,649$10,334,341$645,875$294,853,333
86$375,509,951$10,631,876$458,664$324,604,902
87$413,596,539$10,937,411$258,603$357,382,074
88$455,561,174$11,251,132$45,053$393,493,214
89$501,799,201$11,573,225$0$433,278,139
90$552,746,287$11,903,881$0$477,123,024
91$608,882,529$12,243,291$0$525,432,663
92$670,736,984$12,591,650$0$578,658,958
93$738,892,670$12,949,154$0$637,303,080
94$813,992,062$13,316,002$0$701,917,309
95$896,743,161$13,692,395$0$773,110,248
96$987,926,175$14,078,533$0$851,552,567
97$1,088,400,885$14,474,622$0$937,983,335
98$1,199,114,763$14,880,866$0$1,033,216,993
99$1,321,111,911$15,297,471$0$1,138,151,046
100$1,455,542,923$15,724,643$0$1,253,774,533