Can I retire at age 30 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$161,855$160,413$159,007$157,634$156,293$150,211
2 years$80,126$78,634$77,188$75,785$74,425$68,371
3 years$52,887$51,388$49,946$48,556$47,218$41,383
4 years$39,270$37,776$36,348$34,982$33,677$28,104
5 years$31,102$29,617$28,207$26,870$25,600$20,305
6 years$25,658$24,184$22,796$21,488$20,257$15,242
7 years$21,771$20,310$18,943$17,666$16,474$11,738
8 years$18,858$17,409$16,065$14,820$13,667$9,205
9 years$16,593$15,158$13,837$12,623$11,510$7,316
10 years$14,782$13,361$12,064$10,881$9,807$5,873
11 years$13,301$11,894$10,621$9,470$8,434$4,751
12 years$12,068$10,676$9,425$8,307$7,309$3,867
13 years$11,025$9,648$8,421$7,333$6,373$3,163
14 years$10,132$8,770$7,566$6,510$5,587$2,596
15 years$9,359$8,011$6,831$5,806$4,919$2,138
16 years$8,684$7,350$6,194$5,198$4,348$1,765
17 years$8,088$6,769$5,636$4,671$3,855$1,460
18 years$7,559$6,255$5,145$4,209$3,428$1,210
19 years$7,086$5,797$4,710$3,803$3,055$1,004
20 years$6,661$5,387$4,323$3,445$2,729$834
21 years$6,278$5,018$3,976$3,126$2,442$694
22 years$5,929$4,684$3,664$2,842$2,189$577
23 years$5,611$4,381$3,383$2,589$1,965$481
24 years$5,320$4,104$3,129$2,361$1,766$401
25 years$5,053$3,852$2,898$2,156$1,589$334
26 years$4,807$3,620$2,688$1,972$1,431$278
27 years$4,579$3,407$2,496$1,805$1,291$232
28 years$4,368$3,210$2,320$1,653$1,165$194
29 years$4,172$3,029$2,159$1,516$1,052$162
30 years$3,990$2,860$2,011$1,392$950$135
31 years$3,819$2,704$1,875$1,278$859$113
32 years$3,660$2,558$1,749$1,174$777$94
33 years$3,510$2,423$1,633$1,080$703$79
34 years$3,370$2,296$1,526$994$637$66
35 years$3,237$2,178$1,427$915$577$55
36 years$3,113$2,067$1,335$843$522$46
37 years$2,995$1,963$1,249$776$474$38
38 years$2,884$1,866$1,170$715$429$32
39 years$2,779$1,774$1,096$660$389$27
40 years$2,680$1,688$1,027$608$353$22
41 years$2,585$1,607$963$561$320$19
42 years$2,495$1,530$904$518$291$16
43 years$2,410$1,458$848$478$264$13
44 years$2,329$1,390$796$442$239$11
45 years$2,251$1,325$747$408$217$9
46 years$2,178$1,264$702$377$197$8
47 years$2,107$1,207$660$348$179$6
48 years$2,040$1,152$620$322$163$5
49 years$1,975$1,100$583$297$148$4
50 years$1,914$1,051$548$275$134$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,960,000, adding $5,727 every year, while hoping to spend $27,204 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: 48/26/26 Blend
29$1,960,000$1,960,000$1,960,000$1,960,000
30$2,165,827$2,061,947$2,031,567$2,253,498
31$2,357,797$2,134,038$2,070,680$2,387,668
32$2,568,436$2,208,749$2,110,191$2,530,146
33$2,799,619$2,286,181$2,150,086$2,684,337
34$3,053,413$2,366,437$2,190,346$2,851,360
35$3,332,093$2,449,624$2,230,955$3,032,442
36$3,638,167$2,535,856$2,271,892$3,228,934
37$3,974,395$2,625,248$2,313,136$3,442,323
38$4,343,820$2,717,922$2,354,663$3,674,247
39$4,749,794$2,814,004$2,396,448$3,926,504
40$5,196,009$2,913,626$2,438,465$4,201,077
41$5,686,532$3,016,924$2,480,683$4,500,147
42$6,225,845$3,124,040$2,523,073$4,826,115
43$6,818,886$3,235,123$2,565,601$5,181,625
44$7,471,094$3,350,326$2,608,230$5,569,585
45$8,188,463$3,469,809$2,650,923$5,993,201
46$8,977,596$3,593,739$2,693,639$6,455,998
47$9,845,768$3,722,290$2,736,334$6,961,863
48$10,800,997$3,855,643$2,778,961$7,515,071
49$11,852,114$3,993,985$2,821,472$8,120,333
50$13,008,852$4,137,512$2,863,813$8,782,836
51$14,281,933$4,286,429$2,905,929$9,508,294
52$15,683,173$4,440,947$2,947,761$10,302,997
53$17,225,591$4,601,287$2,989,245$11,173,876
54$18,923,532$4,767,681$3,030,316$12,128,564
55$20,792,802$4,940,367$3,070,901$13,175,468
56$22,850,818$5,119,596$3,110,927$14,323,850
57$25,116,772$5,305,626$3,150,313$15,583,910
58$27,611,812$5,498,731$3,188,977$16,966,886
59$30,359,239$5,699,191$3,226,830$18,485,159
60$33,384,731$5,907,300$3,263,778$20,152,364
61$36,716,581$6,123,366$3,299,723$21,983,526
62$40,385,969$6,347,707$3,334,560$23,995,196
63$44,427,249$6,580,657$3,368,179$26,205,608
64$48,878,280$6,822,561$3,400,465$28,634,851
65$53,780,779$7,073,781$3,431,295$31,305,057
66$59,180,716$7,334,693$3,460,541$34,240,612
67$65,128,747$7,605,691$3,488,067$37,468,381
68$71,680,692$7,887,183$3,513,730$41,017,964
69$78,898,063$8,179,595$3,537,381$44,921,975
70$86,848,643$8,483,373$3,558,861$49,216,346
71$95,607,127$8,798,980$3,578,004$53,940,671
72$105,255,823$9,126,899$3,594,636$59,138,574
73$115,885,434$9,467,634$3,608,574$64,858,119
74$127,595,911$9,821,712$3,619,624$71,152,270
75$140,497,397$10,189,679$3,627,585$78,079,382
76$154,711,266$10,572,107$3,632,243$85,703,757
77$170,371,269$10,969,594$3,633,377$94,096,246
78$187,624,794$11,382,760$3,630,751$103,334,919
79$206,634,262$11,812,254$3,624,120$113,505,802
80$227,578,656$12,258,753$3,613,227$124,703,684
81$250,655,210$12,722,964$3,597,801$137,033,015
82$276,081,274$13,205,622$3,577,560$150,608,890
83$304,096,362$13,707,495$3,552,207$165,558,131
84$334,964,416$14,229,387$3,521,430$182,020,490
85$368,976,293$14,772,134$3,484,905$200,149,958
86$406,452,515$15,336,609$3,442,289$220,116,227
87$447,746,292$15,923,723$3,393,226$242,106,282
88$493,246,856$16,534,427$3,337,342$266,326,172
89$543,383,136$17,169,716$3,274,244$293,002,949
90$598,627,808$17,830,624$3,203,523$322,386,811
91$659,501,754$18,518,233$3,124,750$354,753,465
92$726,578,980$19,233,674$3,037,476$390,406,725
93$800,492,037$19,978,125$2,941,233$429,681,381
94$881,937,988$20,752,817$2,835,528$472,946,356
95$971,684,993$21,559,035$2,719,848$520,608,189
96$1,070,579,557$22,398,122$2,593,657$573,114,868
97$1,179,554,520$23,271,479$2,456,394$630,960,062
98$1,299,637,870$24,180,569$2,307,471$694,687,776
99$1,431,962,438$25,126,923$2,146,277$764,897,486
100$1,577,776,599$26,112,134$1,972,170$842,249,796