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%12%
1 years$162,681$161,232$159,818$158,438$157,091$155,774
2 years$80,535$79,035$77,582$76,172$74,805$73,478
3 years$53,157$51,650$50,200$48,804$47,459$46,164
4 years$39,470$37,968$36,533$35,161$33,848$32,593
5 years$31,260$29,768$28,351$27,007$25,731$24,520
6 years$25,789$24,308$22,912$21,598$20,360$19,195
7 years$21,883$20,413$19,040$17,757$16,558$15,440
8 years$18,954$17,498$16,147$14,896$13,737$12,665
9 years$16,677$15,235$13,908$12,688$11,568$10,543
10 years$14,857$13,429$12,125$10,937$9,857$8,877
11 years$13,369$11,955$10,675$9,518$8,477$7,542
12 years$12,129$10,730$9,474$8,349$7,346$6,455
13 years$11,082$9,697$8,464$7,371$6,406$5,558
14 years$10,184$8,814$7,605$6,543$5,615$4,809
15 years$9,407$8,052$6,866$5,835$4,944$4,179
16 years$8,728$7,388$6,225$5,225$4,370$3,644
17 years$8,129$6,804$5,665$4,694$3,875$3,187
18 years$7,598$6,287$5,171$4,231$3,445$2,794
19 years$7,122$5,827$4,734$3,823$3,071$2,455
20 years$6,695$5,414$4,345$3,462$2,743$2,162
21 years$6,310$5,043$3,996$3,142$2,454$1,907
22 years$5,959$4,708$3,683$2,857$2,200$1,684
23 years$5,640$4,403$3,401$2,602$1,975$1,489
24 years$5,347$4,125$3,145$2,373$1,775$1,318
25 years$5,079$3,871$2,913$2,167$1,597$1,168
26 years$4,831$3,639$2,702$1,982$1,439$1,036
27 years$4,603$3,424$2,509$1,814$1,297$920
28 years$4,391$3,227$2,332$1,662$1,170$817
29 years$4,194$3,044$2,170$1,524$1,057$726
30 years$4,010$2,875$2,022$1,399$955$645
31 years$3,839$2,718$1,885$1,285$863$574
32 years$3,678$2,571$1,758$1,180$781$511
33 years$3,528$2,435$1,642$1,086$707$455
34 years$3,387$2,308$1,534$999$640$405
35 years$3,254$2,189$1,434$919$580$361
36 years$3,129$2,078$1,342$847$525$322
37 years$3,011$1,973$1,256$780$476$287
38 years$2,899$1,875$1,176$719$432$255
39 years$2,793$1,783$1,102$663$391$228
40 years$2,693$1,697$1,033$612$355$203
41 years$2,598$1,615$968$564$322$181
42 years$2,508$1,538$908$521$292$162
43 years$2,422$1,466$852$481$265$144
44 years$2,341$1,397$800$444$241$129
45 years$2,263$1,332$751$410$219$115
46 years$2,189$1,271$706$379$198$102
47 years$2,118$1,213$663$350$180$91
48 years$2,050$1,158$623$323$164$81
49 years$1,985$1,106$586$299$149$73
50 years$1,923$1,056$550$276$135$65

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 $2,658 every year, while hoping to spend $50,189 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: 49/26/25 Blend
29$1,970,000$1,970,000$1,970,000$1,970,000
30$2,173,682$2,069,272$2,038,737$2,264,682
31$2,341,997$2,117,265$2,053,634$2,376,498
32$2,525,797$2,165,929$2,067,348$2,492,682
33$2,726,611$2,215,241$2,079,786$2,617,904
34$2,946,117$2,265,180$2,090,851$2,753,040
35$3,186,167$2,315,720$2,100,441$2,899,056
36$3,448,798$2,366,832$2,108,447$3,057,015
37$3,736,253$2,418,485$2,114,758$3,228,093
38$4,051,003$2,470,642$2,119,254$3,413,582
39$4,395,766$2,523,265$2,121,810$3,614,909
40$4,773,540$2,576,310$2,122,296$3,833,646
41$5,187,623$2,629,731$2,120,575$4,071,526
42$5,641,649$2,683,476$2,116,502$4,330,460
43$6,139,619$2,737,489$2,109,927$4,612,555
44$6,685,942$2,791,707$2,100,692$4,920,133
45$7,285,472$2,846,065$2,088,629$5,255,755
46$7,943,558$2,900,490$2,073,565$5,622,245
47$8,666,089$2,954,903$2,055,319$6,022,714
48$9,459,557$3,009,219$2,033,698$6,460,595
49$10,331,107$3,063,347$2,008,503$6,939,670
50$11,288,617$3,117,187$1,979,524$7,464,112
51$12,340,760$3,170,633$1,946,542$8,038,519
52$13,497,093$3,223,570$1,909,327$8,667,961
53$14,768,147$3,275,875$1,867,640$9,358,029
54$16,165,519$3,327,415$1,821,227$10,114,884
55$17,701,991$3,378,047$1,769,828$10,945,321
56$19,391,643$3,427,620$1,713,165$11,856,831
57$21,249,986$3,475,969$1,650,952$12,857,671
58$23,294,113$3,522,919$1,582,886$13,956,945
59$25,542,854$3,568,284$1,508,655$15,164,690
60$28,016,958$3,611,863$1,427,928$16,491,970
61$30,739,286$3,653,443$1,340,362$17,950,982
62$33,735,027$3,692,795$1,245,598$19,555,173
63$37,031,933$3,729,675$1,143,259$21,319,367
64$40,660,586$3,763,825$1,032,953$23,259,903
65$44,654,680$3,794,967$914,272$25,394,796
66$49,051,344$3,822,806$786,786$27,743,904
67$53,891,486$3,847,029$650,049$30,329,115
68$59,220,186$3,867,302$503,594$33,174,560
69$65,087,114$3,883,268$346,933$36,306,838
70$71,547,002$3,894,551$179,557$39,755,269
71$78,660,160$3,900,748$937$43,552,172
72$86,493,044$3,901,433$0$47,733,173
73$95,118,883$3,896,152$0$52,388,140
74$104,618,370$3,884,424$0$57,513,315
75$115,080,421$3,865,738$0$63,156,321
76$126,603,017$3,839,552$0$69,369,918
77$139,294,127$3,805,292$0$76,212,247
78$153,272,724$3,762,347$0$83,747,385
79$168,669,911$3,710,072$0$92,045,948
80$185,630,158$3,647,781$0$101,185,757
81$204,312,662$3,574,750$0$111,252,576
82$224,892,850$3,490,209$0$122,340,923
83$247,564,036$3,393,345$0$134,554,960
84$272,539,245$3,283,297$0$148,009,478
85$300,053,221$3,159,152$0$162,830,986
86$330,364,645$3,019,945$0$179,158,899
87$363,758,573$2,864,656$0$197,146,865
88$400,549,128$2,692,205$0$216,964,205
89$441,082,466$2,501,450$0$238,797,525
90$485,740,040$2,291,184$0$262,852,471
91$534,942,203$2,060,131$0$289,355,674
92$589,152,172$1,806,941$0$318,556,892
93$648,880,402$1,530,190$0$350,731,372
94$714,689,405$1,228,371$0$386,182,444
95$787,199,057$899,894$0$425,244,394
96$867,092,451$543,079$0$468,285,618
97$955,122,342$156,151$0$515,712,103
98$1,052,118,255$0$0$567,971,262
99$1,158,994,315$0$0$625,631,340
100$1,276,757,873$0$0$689,214,930