Can I retire at age 30 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$162,681$161,232$159,818$158,438$157,091$151,517
2 years$80,535$79,035$77,582$76,172$74,805$69,249
3 years$53,157$51,650$50,200$48,804$47,459$42,096
4 years$39,470$37,968$36,533$35,161$33,848$28,718
5 years$31,260$29,768$28,351$27,007$25,731$20,847
6 years$25,789$24,308$22,912$21,598$20,360$15,727
7 years$21,883$20,413$19,040$17,757$16,558$12,174
8 years$18,954$17,498$16,147$14,896$13,737$9,599
9 years$16,677$15,235$13,908$12,688$11,568$7,671
10 years$14,857$13,429$12,125$10,937$9,857$6,193
11 years$13,369$11,955$10,675$9,518$8,477$5,039
12 years$12,129$10,730$9,474$8,349$7,346$4,126
13 years$11,082$9,697$8,464$7,371$6,406$3,396
14 years$10,184$8,814$7,605$6,543$5,615$2,805
15 years$9,407$8,052$6,866$5,835$4,944$2,325
16 years$8,728$7,388$6,225$5,225$4,370$1,932
17 years$8,129$6,804$5,665$4,694$3,875$1,609
18 years$7,598$6,287$5,171$4,231$3,445$1,343
19 years$7,122$5,827$4,734$3,823$3,071$1,122
20 years$6,695$5,414$4,345$3,462$2,743$938
21 years$6,310$5,043$3,996$3,142$2,454$786
22 years$5,959$4,708$3,683$2,857$2,200$659
23 years$5,640$4,403$3,401$2,602$1,975$552
24 years$5,347$4,125$3,145$2,373$1,775$463
25 years$5,079$3,871$2,913$2,167$1,597$389
26 years$4,831$3,639$2,702$1,982$1,439$327
27 years$4,603$3,424$2,509$1,814$1,297$275
28 years$4,391$3,227$2,332$1,662$1,170$231
29 years$4,194$3,044$2,170$1,524$1,057$194
30 years$4,010$2,875$2,022$1,399$955$163
31 years$3,839$2,718$1,885$1,285$863$137
32 years$3,678$2,571$1,758$1,180$781$115
33 years$3,528$2,435$1,642$1,086$707$97
34 years$3,387$2,308$1,534$999$640$82
35 years$3,254$2,189$1,434$919$580$69
36 years$3,129$2,078$1,342$847$525$58
37 years$3,011$1,973$1,256$780$476$49
38 years$2,899$1,875$1,176$719$432$41
39 years$2,793$1,783$1,102$663$391$34
40 years$2,693$1,697$1,033$612$355$29
41 years$2,598$1,615$968$564$322$24
42 years$2,508$1,538$908$521$292$21
43 years$2,422$1,466$852$481$265$17
44 years$2,341$1,397$800$444$241$15
45 years$2,263$1,332$751$410$219$12
46 years$2,189$1,271$706$379$198$10
47 years$2,118$1,213$663$350$180$9
48 years$2,050$1,158$623$323$164$7
49 years$1,985$1,106$586$299$149$6
50 years$1,923$1,056$550$276$135$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,970,000, adding $4,593 every year, while hoping to spend $49,101 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: 62/10/28 Blend
29$1,970,000$1,970,000$1,970,000$1,970,000
30$2,175,678$2,071,268$2,040,733$2,293,966
31$2,345,354$2,120,517$2,056,854$2,424,144
32$2,530,691$2,170,533$2,071,870$2,560,494
33$2,733,235$2,221,303$2,085,691$2,708,337
34$2,954,688$2,272,810$2,098,225$2,868,808
35$3,196,923$2,325,034$2,109,372$3,043,157
36$3,462,003$2,377,955$2,119,030$3,232,760
37$3,752,199$2,431,546$2,127,089$3,439,137
38$4,070,013$2,485,782$2,133,436$3,663,960
39$4,418,199$2,540,630$2,137,952$3,909,073
40$4,799,792$2,596,057$2,140,509$4,176,510
41$5,218,131$2,652,024$2,140,976$4,468,511
42$5,676,897$2,708,490$2,139,216$4,787,546
43$6,180,142$2,765,408$2,135,081$5,136,337
44$6,732,330$2,822,726$2,128,420$5,517,885
45$7,338,379$2,880,391$2,119,073$5,935,497
46$8,003,705$2,938,341$2,106,873$6,392,819
47$8,734,273$2,996,510$2,091,644$6,893,870
48$9,536,656$3,054,826$2,073,201$7,443,080
49$10,418,094$3,113,212$2,051,352$8,045,332
50$11,386,563$3,171,583$2,025,896$8,706,008
51$12,450,849$3,229,847$1,996,620$9,431,041
52$13,620,632$3,287,906$1,963,303$10,226,970
53$14,906,576$3,345,653$1,925,714$11,101,004
54$16,320,431$3,402,975$1,883,610$12,061,087
55$17,875,141$3,459,746$1,836,737$13,115,979
56$19,584,967$3,515,836$1,784,829$14,275,332
57$21,465,623$3,571,100$1,727,609$15,549,787
58$23,534,419$3,625,386$1,664,787$16,951,072
59$25,810,430$3,678,531$1,596,057$18,492,114
60$28,314,673$3,730,358$1,521,104$20,187,164
61$31,070,303$3,780,679$1,439,595$22,051,926
62$34,102,835$3,829,293$1,351,182$24,103,711
63$37,440,380$3,875,985$1,255,504$26,361,600
64$41,113,916$3,920,525$1,152,180$28,846,623
65$45,157,573$3,962,669$1,040,815$31,581,961
66$49,608,959$4,002,153$920,996$34,593,161
67$54,509,514$4,038,700$792,291$37,908,382
68$59,904,900$4,072,011$654,248$41,558,662
69$65,845,430$4,101,770$506,395$45,578,209
70$72,386,547$4,127,639$348,242$50,004,723
71$79,589,341$4,149,260$179,275$54,879,760
72$87,521,130$4,166,251$0$60,249,119
73$96,256,093$4,178,204$0$66,163,589
74$105,875,968$4,184,690$0$72,735,670
75$116,470,825$4,185,248$0$79,973,236
76$128,139,917$4,179,393$0$87,944,047
77$140,992,611$4,166,606$0$96,722,773
78$155,149,426$4,146,338$0$106,391,697
79$170,743,167$4,118,008$0$117,041,495
80$187,920,178$4,080,998$0$128,772,088
81$206,841,721$4,034,652$0$141,693,588
82$227,685,503$3,978,276$0$155,927,336
83$250,647,347$3,911,135$0$171,607,048
84$275,943,044$3,832,448$0$188,880,077
85$303,810,387$3,741,390$0$207,908,804
86$334,511,415$3,637,087$0$228,872,172
87$368,334,887$3,518,612$0$251,967,373
88$405,599,008$3,384,986$0$277,411,714
89$446,654,428$3,235,173$0$305,444,662
90$491,887,558$3,068,074$0$336,330,110
91$541,724,210$2,882,531$0$370,358,868
92$596,633,621$2,677,316$0$407,851,405
93$657,132,878$2,451,132$0$449,160,878
94$723,791,801$2,202,608$0$494,676,466
95$797,238,323$1,930,294$0$544,827,042
96$878,164,413$1,632,659$0$600,085,224
97$967,332,609$1,308,085$0$660,971,837
98$1,065,583,217$954,863$0$728,060,829
99$1,173,842,241$571,187$0$801,984,692
100$1,293,130,126$155,152$0$883,440,432