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%17.9%
1 years$162,681$161,232$159,818$158,438$157,091$152,062
2 years$80,535$79,035$77,582$76,172$74,805$69,785
3 years$53,157$51,650$50,200$48,804$47,459$42,606
4 years$39,470$37,968$36,533$35,161$33,848$29,198
5 years$31,260$29,768$28,351$27,007$25,731$21,297
6 years$25,789$24,308$22,912$21,598$20,360$16,146
7 years$21,883$20,413$19,040$17,757$16,558$12,563
8 years$18,954$17,498$16,147$14,896$13,737$9,958
9 years$16,677$15,235$13,908$12,688$11,568$8,002
10 years$14,857$13,429$12,125$10,937$9,857$6,497
11 years$13,369$11,955$10,675$9,518$8,477$5,318
12 years$12,129$10,730$9,474$8,349$7,346$4,380
13 years$11,082$9,697$8,464$7,371$6,406$3,627
14 years$10,184$8,814$7,605$6,543$5,615$3,015
15 years$9,407$8,052$6,866$5,835$4,944$2,515
16 years$8,728$7,388$6,225$5,225$4,370$2,104
17 years$8,129$6,804$5,665$4,694$3,875$1,764
18 years$7,598$6,287$5,171$4,231$3,445$1,481
19 years$7,122$5,827$4,734$3,823$3,071$1,246
20 years$6,695$5,414$4,345$3,462$2,743$1,050
21 years$6,310$5,043$3,996$3,142$2,454$885
22 years$5,959$4,708$3,683$2,857$2,200$747
23 years$5,640$4,403$3,401$2,602$1,975$631
24 years$5,347$4,125$3,145$2,373$1,775$533
25 years$5,079$3,871$2,913$2,167$1,597$451
26 years$4,831$3,639$2,702$1,982$1,439$382
27 years$4,603$3,424$2,509$1,814$1,297$323
28 years$4,391$3,227$2,332$1,662$1,170$273
29 years$4,194$3,044$2,170$1,524$1,057$232
30 years$4,010$2,875$2,022$1,399$955$196
31 years$3,839$2,718$1,885$1,285$863$166
32 years$3,678$2,571$1,758$1,180$781$141
33 years$3,528$2,435$1,642$1,086$707$119
34 years$3,387$2,308$1,534$999$640$101
35 years$3,254$2,189$1,434$919$580$86
36 years$3,129$2,078$1,342$847$525$73
37 years$3,011$1,973$1,256$780$476$62
38 years$2,899$1,875$1,176$719$432$52
39 years$2,793$1,783$1,102$663$391$44
40 years$2,693$1,697$1,033$612$355$38
41 years$2,598$1,615$968$564$322$32
42 years$2,508$1,538$908$521$292$27
43 years$2,422$1,466$852$481$265$23
44 years$2,341$1,397$800$444$241$19
45 years$2,263$1,332$751$410$219$16
46 years$2,189$1,271$706$379$198$14
47 years$2,118$1,213$663$350$180$12
48 years$2,050$1,158$623$323$164$10
49 years$1,985$1,106$586$299$149$9
50 years$1,923$1,056$550$276$135$7

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 $5,347 every year, while hoping to spend $27,398 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: 55/20/25 Blend
29$1,970,000$1,970,000$1,970,000$1,970,000
30$2,176,455$2,072,045$2,041,510$2,280,930
31$2,369,303$2,144,424$2,080,750$2,425,713
32$2,580,902$2,219,432$2,120,385$2,580,009
33$2,813,137$2,297,167$2,160,402$2,747,486
34$3,068,084$2,377,735$2,200,781$2,929,417
35$3,348,026$2,461,242$2,241,506$3,127,208
36$3,655,484$2,547,802$2,282,555$3,342,401
37$3,993,230$2,637,531$2,323,907$3,576,698
38$4,364,320$2,730,550$2,365,539$3,831,970
39$4,772,120$2,826,987$2,407,424$4,110,277
40$5,220,339$2,926,972$2,449,536$4,413,888
41$5,713,063$3,030,642$2,491,844$4,745,299
42$6,254,792$3,138,141$2,534,317$5,107,261
43$6,850,486$3,249,615$2,576,922$5,502,802
44$7,505,608$3,365,218$2,619,622$5,935,257
45$8,226,179$3,485,113$2,662,378$6,408,298
46$9,018,830$3,609,464$2,705,148$6,925,969
47$9,890,870$3,738,447$2,747,890$7,492,725
48$10,850,349$3,872,241$2,790,554$8,113,470
49$11,906,139$4,011,036$2,833,093$8,793,611
50$13,068,015$4,155,027$2,875,451$9,539,097
51$14,346,748$4,304,418$2,917,574$10,356,485
52$15,754,203$4,459,421$2,959,400$11,252,997
53$17,303,458$4,620,259$3,000,865$12,236,588
54$19,008,920$4,787,161$3,041,904$13,316,023
55$20,886,465$4,960,367$3,082,443$14,500,955
56$22,953,586$5,140,127$3,122,407$15,802,021
57$25,229,560$5,326,702$3,161,716$17,230,936
58$27,735,627$5,520,362$3,200,285$18,800,612
59$30,495,192$5,721,390$3,238,025$20,525,268
60$33,534,043$5,930,080$3,274,840$22,420,574
61$36,880,600$6,146,738$3,310,632$24,503,792
62$40,566,178$6,371,685$3,345,295$26,793,943
63$44,625,283$6,605,252$3,378,717$29,311,983
64$49,095,939$6,847,787$3,410,781$32,081,000
65$54,020,047$7,099,651$3,441,365$35,126,435
66$59,443,777$7,361,220$3,470,336$38,476,317
67$65,418,010$7,632,887$3,497,560$42,161,530
68$71,998,810$7,915,061$3,522,891$46,216,107
69$79,247,958$8,208,169$3,546,178$50,677,541
70$87,233,536$8,512,655$3,567,260$55,587,150
71$96,030,564$8,828,983$3,585,972$60,990,457
72$105,721,715$9,157,636$3,602,135$66,937,627
73$116,398,088$9,499,118$3,615,564$73,483,933
74$128,160,073$9,853,954$3,626,065$80,690,281
75$141,118,295$10,222,694$3,633,434$88,623,783
76$155,394,662$10,605,907$3,637,455$97,358,393
77$171,123,511$11,004,189$3,637,903$106,975,600
78$188,452,879$11,418,164$3,634,542$117,565,197
79$207,545,897$11,848,478$3,627,123$129,226,131
80$228,582,334$12,295,809$3,615,387$142,067,436
81$251,760,290$12,760,862$3,599,061$156,209,256
82$277,298,068$13,244,373$3,577,858$171,783,988
83$305,436,234$13,747,110$3,551,480$188,937,520
84$336,439,886$14,269,875$3,519,611$207,830,618
85$370,601,160$14,813,504$3,481,922$228,640,434
86$408,241,982$15,378,869$3,438,071$251,562,184
87$449,717,112$15,966,882$3,387,694$276,810,985
88$495,417,490$16,578,492$3,330,415$304,623,888
89$545,773,928$17,214,692$3,265,838$335,262,114
90$601,261,174$17,876,518$3,193,549$369,013,520
91$662,402,396$18,565,049$3,113,115$406,195,311
92$729,774,119$19,281,415$3,024,082$447,157,041
93$804,011,668$20,026,793$2,925,978$492,283,904
94$885,815,165$20,802,413$2,818,305$542,000,375
95$975,956,140$21,609,559$2,700,546$596,774,215
96$1,075,284,811$22,449,572$2,572,159$657,120,881
97$1,184,738,112$23,323,852$2,432,577$723,608,398
98$1,305,348,539$24,233,860$2,281,208$796,862,716
99$1,438,253,894$25,181,123$2,117,433$877,573,617
100$1,584,708,030$26,167,236$1,940,605$966,501,229