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%13.1%
1 years$161,855$160,413$159,007$157,634$156,293$154,276
2 years$80,126$78,634$77,188$75,785$74,425$72,396
3 years$52,887$51,388$49,946$48,556$47,218$45,240
4 years$39,270$37,776$36,348$34,982$33,677$31,764
5 years$31,102$29,617$28,207$26,870$25,600$23,760
6 years$25,658$24,184$22,796$21,488$20,257$18,490
7 years$21,771$20,310$18,943$17,666$16,474$14,782
8 years$18,858$17,409$16,065$14,820$13,667$12,049
9 years$16,593$15,158$13,837$12,623$11,510$9,965
10 years$14,782$13,361$12,064$10,881$9,807$8,335
11 years$13,301$11,894$10,621$9,470$8,434$7,034
12 years$12,068$10,676$9,425$8,307$7,309$5,978
13 years$11,025$9,648$8,421$7,333$6,373$5,110
14 years$10,132$8,770$7,566$6,510$5,587$4,390
15 years$9,359$8,011$6,831$5,806$4,919$3,786
16 years$8,684$7,350$6,194$5,198$4,348$3,277
17 years$8,088$6,769$5,636$4,671$3,855$2,844
18 years$7,559$6,255$5,145$4,209$3,428$2,474
19 years$7,086$5,797$4,710$3,803$3,055$2,157
20 years$6,661$5,387$4,323$3,445$2,729$1,884
21 years$6,278$5,018$3,976$3,126$2,442$1,648
22 years$5,929$4,684$3,664$2,842$2,189$1,443
23 years$5,611$4,381$3,383$2,589$1,965$1,266
24 years$5,320$4,104$3,129$2,361$1,766$1,111
25 years$5,053$3,852$2,898$2,156$1,589$976
26 years$4,807$3,620$2,688$1,972$1,431$858
27 years$4,579$3,407$2,496$1,805$1,291$755
28 years$4,368$3,210$2,320$1,653$1,165$665
29 years$4,172$3,029$2,159$1,516$1,052$586
30 years$3,990$2,860$2,011$1,392$950$516
31 years$3,819$2,704$1,875$1,278$859$455
32 years$3,660$2,558$1,749$1,174$777$401
33 years$3,510$2,423$1,633$1,080$703$354
34 years$3,370$2,296$1,526$994$637$312
35 years$3,237$2,178$1,427$915$577$276
36 years$3,113$2,067$1,335$843$522$243
37 years$2,995$1,963$1,249$776$474$215
38 years$2,884$1,866$1,170$715$429$190
39 years$2,779$1,774$1,096$660$389$168
40 years$2,680$1,688$1,027$608$353$148
41 years$2,585$1,607$963$561$320$131
42 years$2,495$1,530$904$518$291$116
43 years$2,410$1,458$848$478$264$102
44 years$2,329$1,390$796$442$239$90
45 years$2,251$1,325$747$408$217$80
46 years$2,178$1,264$702$377$197$70
47 years$2,107$1,207$660$348$179$62
48 years$2,040$1,152$620$322$163$55
49 years$1,975$1,100$583$297$148$49
50 years$1,914$1,051$548$275$134$43

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 $5,568 every year, while hoping to spend $50,077 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: 50/37/13 Blend
29$1,960,000$1,960,000$1,960,000$1,960,000
30$2,165,663$2,061,783$2,031,403$2,266,028
31$2,333,280$2,109,529$2,046,174$2,383,238
32$2,516,314$2,157,936$2,059,761$2,504,827
33$2,716,287$2,206,984$2,072,072$2,635,830
34$2,934,871$2,256,649$2,083,009$2,777,147
35$3,173,909$2,306,906$2,092,471$2,929,770
36$3,435,429$2,357,726$2,100,350$3,094,790
37$3,721,664$2,409,075$2,106,533$3,273,411
38$4,035,073$2,460,919$2,110,901$3,466,957
39$4,378,365$2,513,219$2,113,330$3,676,889
40$4,754,521$2,565,930$2,113,690$3,904,816
41$5,166,827$2,619,004$2,111,843$4,152,511
42$5,618,899$2,672,391$2,107,645$4,421,929
43$6,114,721$2,726,034$2,100,947$4,715,220
44$6,658,683$2,779,869$2,091,588$5,034,760
45$7,255,617$2,833,831$2,079,405$5,383,162
46$7,910,847$2,887,846$2,064,222$5,763,309
47$8,630,238$2,941,835$2,045,858$6,178,378
48$9,420,250$2,995,712$2,024,122$6,631,868
49$10,288,000$3,049,387$1,998,814$7,127,640
50$11,241,327$3,102,758$1,969,726$7,669,945
51$12,288,868$3,155,719$1,936,637$8,263,472
52$13,440,137$3,208,154$1,899,319$8,913,389
53$14,705,617$3,259,939$1,857,532$9,625,390
54$16,096,854$3,310,941$1,811,024$10,405,753
55$17,626,574$3,361,017$1,759,534$11,261,398
56$19,308,791$3,410,013$1,702,785$12,199,952
57$21,158,950$3,457,767$1,640,491$13,229,822
58$23,194,066$3,504,101$1,572,351$14,360,276
59$25,432,887$3,548,827$1,498,050$15,601,528
60$27,896,068$3,591,746$1,417,261$16,964,838
61$30,606,367$3,632,642$1,329,640$18,462,617
62$33,588,861$3,671,286$1,234,828$20,108,545
63$36,871,181$3,707,435$1,132,449$21,917,700
64$40,483,768$3,740,826$1,022,114$23,906,705
65$44,460,169$3,771,183$903,411$26,093,879
66$48,837,345$3,798,210$775,914$28,499,418
67$53,656,024$3,821,592$639,177$31,145,579
68$58,961,082$3,840,993$492,733$34,056,897
69$64,801,968$3,856,058$336,095$37,260,416
70$71,233,171$3,866,407$168,756$40,785,943
71$78,314,730$3,871,637$0$44,666,334
72$86,112,806$3,871,320$0$48,939,164
73$94,700,299$3,865,002$0$53,668,057
74$104,157,542$3,852,200$0$58,873,653
75$114,573,055$3,832,401$0$64,604,529
76$126,044,381$3,805,063$0$70,914,219
77$138,679,006$3,769,609$0$77,861,724
78$152,595,373$3,725,428$0$85,512,068
79$167,923,999$3,671,872$0$93,936,915
80$184,808,707$3,608,254$0$103,215,245
81$203,407,985$3,533,848$0$113,434,101
82$223,896,475$3,447,882$0$124,689,411
83$246,466,629$3,349,542$0$137,086,901
84$271,330,519$3,237,964$0$150,743,085
85$298,721,842$3,112,233$0$165,786,375
86$328,898,120$2,971,384$0$182,358,291
87$362,143,139$2,814,392$0$200,614,801
88$398,769,619$2,640,176$0$220,727,793
89$439,122,167$2,447,592$0$242,886,701
90$483,580,533$2,235,430$0$267,300,297
91$532,563,193$2,002,411$0$294,198,663
92$586,531,292$1,747,183$0$323,835,368
93$645,993,008$1,468,319$0$356,489,860
94$711,508,338$1,164,309$0$392,470,113
95$783,694,388$833,561$0$432,115,532
96$863,231,200$474,389$0$475,800,167
97$950,868,167$85,019$0$523,936,242
98$1,047,431,106$0$0$576,978,054
99$1,153,830,059$0$0$635,563,242
100$1,271,067,875$0$0$700,155,070