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%15.6%
1 years$161,855$160,413$159,007$157,634$156,293$152,701
2 years$80,126$78,634$77,188$75,785$74,425$70,826
3 years$52,887$51,388$49,946$48,556$47,218$43,725
4 years$39,270$37,776$36,348$34,982$33,677$30,315
5 years$31,102$29,617$28,207$26,870$25,600$22,381
6 years$25,658$24,184$22,796$21,488$20,257$17,182
7 years$21,771$20,310$18,943$17,666$16,474$13,545
8 years$18,858$17,409$16,065$14,820$13,667$10,882
9 years$16,593$15,158$13,837$12,623$11,510$8,867
10 years$14,782$13,361$12,064$10,881$9,807$7,303
11 years$13,301$11,894$10,621$9,470$8,434$6,067
12 years$12,068$10,676$9,425$8,307$7,309$5,074
13 years$11,025$9,648$8,421$7,333$6,373$4,266
14 years$10,132$8,770$7,566$6,510$5,587$3,604
15 years$9,359$8,011$6,831$5,806$4,919$3,055
16 years$8,684$7,350$6,194$5,198$4,348$2,598
17 years$8,088$6,769$5,636$4,671$3,855$2,215
18 years$7,559$6,255$5,145$4,209$3,428$1,892
19 years$7,086$5,797$4,710$3,803$3,055$1,619
20 years$6,661$5,387$4,323$3,445$2,729$1,388
21 years$6,278$5,018$3,976$3,126$2,442$1,191
22 years$5,929$4,684$3,664$2,842$2,189$1,024
23 years$5,611$4,381$3,383$2,589$1,965$880
24 years$5,320$4,104$3,129$2,361$1,766$758
25 years$5,053$3,852$2,898$2,156$1,589$653
26 years$4,807$3,620$2,688$1,972$1,431$563
27 years$4,579$3,407$2,496$1,805$1,291$485
28 years$4,368$3,210$2,320$1,653$1,165$419
29 years$4,172$3,029$2,159$1,516$1,052$361
30 years$3,990$2,860$2,011$1,392$950$312
31 years$3,819$2,704$1,875$1,278$859$269
32 years$3,660$2,558$1,749$1,174$777$233
33 years$3,510$2,423$1,633$1,080$703$201
34 years$3,370$2,296$1,526$994$637$174
35 years$3,237$2,178$1,427$915$577$150
36 years$3,113$2,067$1,335$843$522$130
37 years$2,995$1,963$1,249$776$474$112
38 years$2,884$1,866$1,170$715$429$97
39 years$2,779$1,774$1,096$660$389$84
40 years$2,680$1,688$1,027$608$353$72
41 years$2,585$1,607$963$561$320$63
42 years$2,495$1,530$904$518$291$54
43 years$2,410$1,458$848$478$264$47
44 years$2,329$1,390$796$442$239$41
45 years$2,251$1,325$747$408$217$35
46 years$2,178$1,264$702$377$197$30
47 years$2,107$1,207$660$348$179$26
48 years$2,040$1,152$620$322$163$23
49 years$1,975$1,100$583$297$148$20
50 years$1,914$1,051$548$275$134$17

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 $6,014 every year, while hoping to spend $40,553 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: 65/6/29 Blend
29$1,960,000$1,960,000$1,960,000$1,960,000
30$2,166,123$2,062,243$2,031,863$2,289,882
31$2,343,920$2,120,145$2,056,783$2,432,247
32$2,538,493$2,179,525$2,081,178$2,582,776
33$2,751,510$2,240,413$2,104,988$2,746,439
34$2,984,808$2,302,838$2,128,150$2,924,536
35$3,240,412$2,366,830$2,150,596$3,118,498
36$3,520,548$2,432,418$2,172,255$3,329,900
37$3,827,671$2,499,634$2,193,053$3,560,482
38$4,164,483$2,568,506$2,212,910$3,812,156
39$4,533,962$2,639,064$2,231,744$4,087,033
40$4,939,385$2,711,338$2,249,466$4,387,436
41$5,384,365$2,785,356$2,265,986$4,715,926
42$5,872,879$2,861,147$2,281,206$5,075,328
43$6,409,311$2,938,741$2,295,023$5,468,749
44$6,998,486$3,018,165$2,307,332$5,899,619
45$7,645,723$3,099,446$2,318,019$6,371,714
46$8,356,879$3,182,612$2,326,966$6,889,198
47$9,138,410$3,267,689$2,334,048$7,456,656
48$9,997,424$3,354,702$2,339,135$8,079,146
49$10,941,755$3,443,676$2,342,090$8,762,237
50$11,980,033$3,534,635$2,342,768$9,512,071
51$13,121,764$3,627,600$2,341,019$10,335,414
52$14,377,425$3,722,594$2,336,685$11,239,723
53$15,758,557$3,819,635$2,329,598$12,233,217
54$17,277,874$3,918,742$2,319,584$13,324,954
55$18,949,389$4,019,932$2,306,462$14,524,914
56$20,788,537$4,123,219$2,290,038$15,844,100
57$22,812,327$4,228,615$2,270,114$17,294,636
58$25,039,499$4,336,132$2,246,477$18,889,883
59$27,490,702$4,445,777$2,218,909$20,644,566
60$30,188,690$4,557,556$2,187,178$22,574,915
61$33,158,531$4,671,471$2,151,043$24,698,816
62$36,427,849$4,787,522$2,110,251$27,035,979
63$40,027,083$4,905,704$2,064,538$29,608,129
64$43,989,773$5,026,010$2,013,627$32,439,206
65$48,352,874$5,148,429$1,957,228$35,555,595
66$53,157,110$5,272,945$1,895,039$38,986,376
67$58,447,354$5,399,538$1,826,741$42,763,593
68$64,273,052$5,528,183$1,752,004$46,922,565
69$70,688,689$5,658,850$1,670,482$51,502,215
70$77,754,304$5,791,502$1,581,812$56,545,437
71$85,536,056$5,926,099$1,485,616$62,099,506
72$94,106,848$6,062,592$1,381,498$68,216,520
73$103,547,012$6,200,925$1,269,044$74,953,896
74$113,945,074$6,341,036$1,147,824$82,374,909
75$125,398,580$6,482,856$1,017,384$90,549,294
76$138,015,023$6,626,304$877,255$99,553,902
77$151,912,856$6,771,294$726,944$109,473,428
78$167,222,608$6,917,727$565,937$120,401,211
79$184,088,116$7,065,497$393,697$132,440,113
80$202,667,882$7,214,486$209,665$145,703,495
81$223,136,572$7,364,562$13,255$160,316,287
82$245,686,661$7,515,583$0$176,416,167
83$270,530,248$7,667,395$0$194,215,619
84$297,901,063$7,819,827$0$213,829,422
85$328,056,668$7,972,695$0$235,437,951
86$361,280,891$8,125,799$0$259,244,497
87$397,886,501$8,278,923$0$285,473,081
88$438,218,164$8,431,830$0$314,370,571
89$482,655,696$8,584,269$0$346,209,012
90$531,617,642$8,735,963$0$381,288,189
91$585,565,236$8,886,620$0$419,938,462
92$645,006,746$9,035,920$0$462,523,884
93$710,502,277$9,183,523$0$509,445,633
94$782,669,054$9,329,061$0$561,145,803
95$862,187,252$9,472,139$0$618,111,577
96$949,806,414$9,612,336$0$680,879,822
97$1,046,352,527$9,749,199$0$750,042,164
98$1,152,735,817$9,882,242$0$826,250,565
99$1,269,959,346$10,010,948$0$910,223,483
100$1,399,128,476$10,134,761$0$1,002,752,651