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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$162,681$161,232$159,818$158,438$157,091$154,871
2 years$80,535$79,035$77,582$76,172$74,805$72,573
3 years$53,157$51,650$50,200$48,804$47,459$45,284
4 years$39,470$37,968$36,533$35,161$33,848$31,747
5 years$31,260$29,768$28,351$27,007$25,731$23,710
6 years$25,789$24,308$22,912$21,598$20,360$18,421
7 years$21,883$20,413$19,040$17,757$16,558$14,702
8 years$18,954$17,498$16,147$14,896$13,737$11,964
9 years$16,677$15,235$13,908$12,688$11,568$9,877
10 years$14,857$13,429$12,125$10,937$9,857$8,246
11 years$13,369$11,955$10,675$9,518$8,477$6,946
12 years$12,129$10,730$9,474$8,349$7,346$5,892
13 years$11,082$9,697$8,464$7,371$6,406$5,027
14 years$10,184$8,814$7,605$6,543$5,615$4,310
15 years$9,407$8,052$6,866$5,835$4,944$3,709
16 years$8,728$7,388$6,225$5,225$4,370$3,203
17 years$8,129$6,804$5,665$4,694$3,875$2,774
18 years$7,598$6,287$5,171$4,231$3,445$2,408
19 years$7,122$5,827$4,734$3,823$3,071$2,095
20 years$6,695$5,414$4,345$3,462$2,743$1,826
21 years$6,310$5,043$3,996$3,142$2,454$1,593
22 years$5,959$4,708$3,683$2,857$2,200$1,392
23 years$5,640$4,403$3,401$2,602$1,975$1,218
24 years$5,347$4,125$3,145$2,373$1,775$1,067
25 years$5,079$3,871$2,913$2,167$1,597$935
26 years$4,831$3,639$2,702$1,982$1,439$820
27 years$4,603$3,424$2,509$1,814$1,297$720
28 years$4,391$3,227$2,332$1,662$1,170$632
29 years$4,194$3,044$2,170$1,524$1,057$556
30 years$4,010$2,875$2,022$1,399$955$488
31 years$3,839$2,718$1,885$1,285$863$430
32 years$3,678$2,571$1,758$1,180$781$378
33 years$3,528$2,435$1,642$1,086$707$332
34 years$3,387$2,308$1,534$999$640$293
35 years$3,254$2,189$1,434$919$580$258
36 years$3,129$2,078$1,342$847$525$227
37 years$3,011$1,973$1,256$780$476$200
38 years$2,899$1,875$1,176$719$432$176
39 years$2,793$1,783$1,102$663$391$155
40 years$2,693$1,697$1,033$612$355$137
41 years$2,598$1,615$968$564$322$120
42 years$2,508$1,538$908$521$292$106
43 years$2,422$1,466$852$481$265$93
44 years$2,341$1,397$800$444$241$82
45 years$2,263$1,332$751$410$219$73
46 years$2,189$1,271$706$379$198$64
47 years$2,118$1,213$663$350$180$56
48 years$2,050$1,158$623$323$164$50
49 years$1,985$1,106$586$299$149$44
50 years$1,923$1,056$550$276$135$39

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 $6,228 every year, while hoping to spend $38,124 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: 38/33/29 Blend
29$1,970,000$1,970,000$1,970,000$1,970,000
30$2,177,364$2,072,954$2,042,419$2,241,116
31$2,358,892$2,133,965$2,070,277$2,349,639
32$2,557,657$2,196,688$2,097,789$2,462,916
33$2,775,379$2,261,167$2,124,906$2,584,622
34$3,013,949$2,327,445$2,151,571$2,715,549
35$3,275,450$2,395,568$2,177,728$2,856,568
36$3,562,178$2,465,583$2,203,314$3,008,637
37$3,876,661$2,537,537$2,228,265$3,172,813
38$4,221,681$2,611,477$2,252,513$3,350,256
39$4,600,306$2,687,453$2,275,986$3,542,248
40$5,015,913$2,765,514$2,298,607$3,750,195
41$5,472,223$2,845,711$2,320,297$3,975,652
42$5,973,334$2,928,096$2,340,971$4,220,325
43$6,523,761$3,012,719$2,360,541$4,486,097
44$7,128,478$3,099,636$2,378,913$4,775,043
45$7,792,964$3,188,899$2,395,987$5,089,444
46$8,523,255$3,280,564$2,411,661$5,431,817
47$9,326,000$3,374,685$2,425,826$5,804,934
48$10,208,528$3,471,320$2,438,366$6,211,847
49$11,178,908$3,570,525$2,449,161$6,655,921
50$12,246,034$3,672,358$2,458,086$7,140,861
51$13,419,703$3,776,877$2,465,005$7,670,751
52$14,710,711$3,884,142$2,469,781$8,250,091
53$16,130,950$3,994,212$2,472,266$8,883,836
54$17,693,527$4,107,148$2,472,306$9,577,451
55$19,412,878$4,223,010$2,469,740$10,336,954
56$21,304,913$4,341,859$2,464,398$11,168,978
57$23,387,162$4,463,758$2,456,103$12,080,831
58$25,678,938$4,588,768$2,444,668$13,080,568
59$28,201,524$4,716,951$2,429,898$14,177,063
60$30,978,368$4,848,370$2,411,589$15,380,097
61$34,035,309$4,983,088$2,389,524$16,700,447
62$37,400,818$5,121,167$2,363,481$18,149,990
63$41,106,268$5,262,670$2,333,224$19,741,816
64$45,186,226$5,407,660$2,298,506$21,490,347
65$49,678,784$5,556,199$2,259,069$23,411,481
66$54,625,915$5,708,348$2,214,643$25,522,733
67$60,073,870$5,864,169$2,164,945$27,843,408
68$66,073,615$6,023,722$2,109,681$30,394,783
69$72,681,307$6,187,069$2,048,539$33,200,301
70$79,958,833$6,354,267$1,981,197$36,285,802
71$87,974,382$6,525,375$1,907,316$39,679,759
72$96,803,100$6,700,449$1,826,542$43,413,555
73$106,527,791$6,879,545$1,738,505$47,521,773
74$117,239,699$7,062,716$1,642,819$52,042,525
75$129,039,372$7,250,014$1,539,078$57,017,814
76$142,037,612$7,441,488$1,426,860$62,493,929
77$156,356,512$7,637,185$1,305,724$68,521,883
78$172,130,619$7,837,150$1,175,208$75,157,897
79$189,508,196$8,041,424$1,034,832$82,463,926
80$208,652,624$8,250,046$884,090$90,508,252
81$229,743,943$8,463,049$722,458$99,366,122
82$252,980,552$8,680,465$549,388$109,120,465
83$278,581,081$8,902,321$364,305$119,862,672
84$306,786,454$9,128,638$166,612$131,693,461
85$337,862,164$9,359,432$0$144,723,829
86$372,100,776$9,594,716$0$159,089,826
87$409,824,691$9,834,493$0$174,968,443
88$451,389,189$10,078,763$0$192,456,845
89$497,185,782$10,327,517$0$211,718,978
90$547,645,905$10,580,740$0$232,935,502
91$603,244,998$10,838,406$0$256,305,502
92$664,506,983$11,100,483$0$282,048,363
93$732,009,216$11,366,928$0$310,405,842
94$806,387,937$11,637,689$0$341,644,350
95$888,344,272$11,912,701$0$376,057,466
96$978,650,853$12,191,888$0$413,968,710
97$1,078,159,112$12,475,163$0$455,734,595
98$1,187,807,319$12,762,423$0$501,747,993
99$1,308,629,436$13,053,552$0$552,441,844
100$1,441,764,881$13,348,419$0$608,293,241