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%18.9%
1 years$161,855$160,413$159,007$157,634$156,293$150,688
2 years$80,126$78,634$77,188$75,785$74,425$68,839
3 years$52,887$51,388$49,946$48,556$47,218$41,826
4 years$39,270$37,776$36,348$34,982$33,677$28,520
5 years$31,102$29,617$28,207$26,870$25,600$20,692
6 years$25,658$24,184$22,796$21,488$20,257$15,601
7 years$21,771$20,310$18,943$17,666$16,474$12,070
8 years$18,858$17,409$16,065$14,820$13,667$9,511
9 years$16,593$15,158$13,837$12,623$11,510$7,596
10 years$14,782$13,361$12,064$10,881$9,807$6,129
11 years$13,301$11,894$10,621$9,470$8,434$4,984
12 years$12,068$10,676$9,425$8,307$7,309$4,078
13 years$11,025$9,648$8,421$7,333$6,373$3,354
14 years$10,132$8,770$7,566$6,510$5,587$2,769
15 years$9,359$8,011$6,831$5,806$4,919$2,293
16 years$8,684$7,350$6,194$5,198$4,348$1,904
17 years$8,088$6,769$5,636$4,671$3,855$1,585
18 years$7,559$6,255$5,145$4,209$3,428$1,321
19 years$7,086$5,797$4,710$3,803$3,055$1,103
20 years$6,661$5,387$4,323$3,445$2,729$922
21 years$6,278$5,018$3,976$3,126$2,442$771
22 years$5,929$4,684$3,664$2,842$2,189$646
23 years$5,611$4,381$3,383$2,589$1,965$541
24 years$5,320$4,104$3,129$2,361$1,766$454
25 years$5,053$3,852$2,898$2,156$1,589$381
26 years$4,807$3,620$2,688$1,972$1,431$320
27 years$4,579$3,407$2,496$1,805$1,291$268
28 years$4,368$3,210$2,320$1,653$1,165$225
29 years$4,172$3,029$2,159$1,516$1,052$189
30 years$3,990$2,860$2,011$1,392$950$159
31 years$3,819$2,704$1,875$1,278$859$134
32 years$3,660$2,558$1,749$1,174$777$112
33 years$3,510$2,423$1,633$1,080$703$94
34 years$3,370$2,296$1,526$994$637$79
35 years$3,237$2,178$1,427$915$577$67
36 years$3,113$2,067$1,335$843$522$56
37 years$2,995$1,963$1,249$776$474$47
38 years$2,884$1,866$1,170$715$429$40
39 years$2,779$1,774$1,096$660$389$33
40 years$2,680$1,688$1,027$608$353$28
41 years$2,585$1,607$963$561$320$24
42 years$2,495$1,530$904$518$291$20
43 years$2,410$1,458$848$478$264$17
44 years$2,329$1,390$796$442$239$14
45 years$2,251$1,325$747$408$217$12
46 years$2,178$1,264$702$377$197$10
47 years$2,107$1,207$660$348$179$8
48 years$2,040$1,152$620$322$163$7
49 years$1,975$1,100$583$297$148$6
50 years$1,914$1,051$548$275$134$5

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 $6,474 every year, while hoping to spend $49,733 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: 73/8/19 Blend
29$1,960,000$1,960,000$1,960,000$1,960,000
30$2,166,598$2,062,718$2,032,338$2,314,559
31$2,334,675$2,110,876$2,047,506$2,461,840
32$2,518,230$2,159,726$2,061,515$2,616,494
33$2,718,788$2,209,251$2,074,274$2,784,642
34$2,938,029$2,259,429$2,085,687$2,967,615
35$3,177,803$2,310,237$2,095,653$3,166,880
36$3,440,147$2,361,647$2,104,066$3,384,052
37$3,727,305$2,413,629$2,110,814$3,620,911
38$4,041,744$2,466,151$2,115,780$3,879,417
39$4,386,185$2,519,176$2,118,842$4,161,733
40$4,763,623$2,572,663$2,119,870$4,470,238
41$5,177,356$2,626,567$2,118,729$4,807,556
42$5,631,017$2,680,839$2,115,277$5,176,578
43$6,128,606$2,735,426$2,109,365$5,580,487
44$6,674,532$2,790,270$2,100,837$6,022,795
45$7,273,647$2,845,306$2,089,528$6,507,369
46$7,931,299$2,900,466$2,075,267$7,038,471
47$8,653,378$2,955,674$2,057,874$7,620,796
48$9,446,370$3,010,850$2,037,161$8,259,522
49$10,317,424$3,065,906$2,012,930$8,960,352
50$11,274,412$3,120,746$1,984,974$9,729,570
51$12,326,008$3,175,269$1,953,077$10,574,104
52$13,481,768$3,229,364$1,917,012$11,501,586
53$14,752,218$3,282,913$1,876,541$12,520,430
54$16,148,956$3,335,788$1,831,417$13,639,906
55$17,684,760$3,387,851$1,781,380$14,870,231
56$19,373,707$3,438,958$1,726,158$16,222,664
57$21,231,308$3,488,949$1,665,467$17,709,614
58$23,274,650$3,537,657$1,599,009$19,344,755
59$25,522,563$3,584,900$1,526,474$21,143,158
60$27,995,790$3,630,486$1,447,537$23,121,432
61$30,717,189$3,674,208$1,361,858$25,297,881
62$33,711,944$3,715,847$1,269,082$27,692,676
63$37,007,805$3,755,166$1,168,839$30,328,050
64$40,635,347$3,791,915$1,060,741$33,228,500
65$44,628,260$3,825,826$944,383$36,421,029
66$49,023,665$3,856,614$819,342$39,935,392
67$53,862,466$3,883,975$685,177$43,804,384
68$59,189,734$3,907,586$541,427$48,064,143
69$65,055,133$3,927,103$387,611$52,754,500
70$71,513,385$3,942,160$223,224$57,919,348
71$78,624,792$3,952,368$47,744$63,607,063
72$86,455,799$3,957,312$0$69,870,954
73$95,079,624$3,956,554$0$76,798,060
74$104,576,947$3,949,627$0$84,437,011
75$115,036,672$3,936,035$0$92,849,594
76$126,556,765$3,915,253$0$102,114,576
77$139,245,177$3,886,723$0$112,318,751
78$153,220,866$3,849,852$0$123,557,764
79$168,614,914$3,804,015$0$135,937,014
80$185,571,769$3,748,545$0$149,572,646
81$204,250,604$3,682,739$0$164,592,649
82$224,826,822$3,605,849$0$181,138,063
83$247,493,707$3,517,085$0$199,364,312
84$272,464,253$3,415,610$0$219,442,668
85$299,973,170$3,300,538$0$241,561,872
86$330,279,100$3,170,931$0$265,929,910
87$363,667,057$3,025,796$0$292,775,982
88$400,451,120$2,864,083$0$322,352,662
89$440,977,393$2,684,682$0$354,938,282
90$485,627,274$2,486,418$0$390,839,563
91$534,821,054$2,268,050$0$430,394,506
92$589,021,883$2,028,266$0$473,975,586
93$648,740,142$1,765,679$0$521,993,267
94$714,538,262$1,478,822$0$574,899,877
95$787,036,029$1,166,149$0$633,193,878
96$866,916,436$826,022$0$697,424,573
97$954,932,131$456,716$0$768,197,290
98$1,051,912,519$56,405$0$846,179,098
99$1,158,771,591$0$0$932,105,103
100$1,276,516,555$0$0$1,026,818,566