Can I retire at age 30 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$163,507$162,050$160,629$159,242$157,888$153,635
2 years$80,944$79,436$77,975$76,559$75,185$70,930
3 years$53,427$51,913$50,455$49,052$47,700$43,578
4 years$39,671$38,161$36,718$35,339$34,020$30,061
5 years$31,419$29,919$28,495$27,144$25,862$22,077
6 years$25,920$24,431$23,028$21,707$20,463$16,856
7 years$21,994$20,517$19,137$17,847$16,642$13,213
8 years$19,050$17,587$16,229$14,971$13,806$10,554
9 years$16,762$15,313$13,978$12,752$11,627$8,548
10 years$14,932$13,497$12,187$10,992$9,907$6,997
11 years$13,437$12,016$10,729$9,567$8,520$5,775
12 years$12,191$10,785$9,522$8,391$7,383$4,798
13 years$11,138$9,746$8,507$7,408$6,438$4,008
14 years$10,236$8,859$7,644$6,576$5,644$3,362
15 years$9,455$8,093$6,901$5,865$4,969$2,830
16 years$8,772$7,425$6,257$5,251$4,392$2,390
17 years$8,170$6,838$5,693$4,718$3,894$2,022
18 years$7,636$6,319$5,197$4,252$3,463$1,715
19 years$7,159$5,856$4,758$3,842$3,086$1,457
20 years$6,729$5,442$4,367$3,480$2,757$1,239
21 years$6,342$5,069$4,016$3,158$2,467$1,056
22 years$5,989$4,732$3,702$2,871$2,211$900
23 years$5,668$4,425$3,418$2,615$1,985$768
24 years$5,375$4,146$3,161$2,385$1,784$656
25 years$5,105$3,891$2,928$2,178$1,605$561
26 years$4,856$3,657$2,715$1,992$1,446$479
27 years$4,626$3,442$2,521$1,823$1,304$410
28 years$4,413$3,243$2,344$1,670$1,176$351
29 years$4,215$3,059$2,181$1,532$1,062$300
30 years$4,030$2,889$2,032$1,406$960$257
31 years$3,858$2,731$1,894$1,291$868$220
32 years$3,697$2,584$1,767$1,186$785$189
33 years$3,546$2,448$1,650$1,091$710$162
34 years$3,404$2,320$1,542$1,004$643$138
35 years$3,270$2,200$1,441$924$583$119
36 years$3,145$2,088$1,348$851$528$102
37 years$3,026$1,983$1,262$784$478$87
38 years$2,914$1,885$1,182$723$434$75
39 years$2,808$1,792$1,107$666$393$64
40 years$2,707$1,705$1,038$615$357$55
41 years$2,612$1,623$973$567$324$47
42 years$2,521$1,546$913$523$294$40
43 years$2,435$1,473$857$483$267$35
44 years$2,353$1,404$804$446$242$30
45 years$2,274$1,339$755$412$220$25
46 years$2,200$1,277$709$381$199$22
47 years$2,129$1,219$666$352$181$19
48 years$2,060$1,164$626$325$164$16
49 years$1,995$1,111$588$300$149$14
50 years$1,933$1,061$553$278$136$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,980,000, adding $6,789 every year, while hoping to spend $56,016 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: 45/37/18 Blend
29$1,980,000$1,980,000$1,980,000$1,980,000
30$2,188,963$2,084,023$2,053,333$2,275,869
31$2,352,636$2,126,539$2,062,519$2,379,912
32$2,531,127$2,169,262$2,070,135$2,486,556
33$2,725,888$2,212,141$2,076,070$2,601,020
34$2,938,516$2,255,124$2,080,206$2,724,055
35$3,170,772$2,298,152$2,082,421$2,856,488
36$3,424,593$2,341,164$2,082,584$2,999,231
37$3,702,111$2,384,090$2,080,560$3,153,290
38$4,005,675$2,426,859$2,076,207$3,319,776
39$4,337,869$2,469,391$2,069,376$3,499,912
40$4,701,542$2,511,601$2,059,909$3,695,047
41$5,099,826$2,553,397$2,047,644$3,906,671
42$5,536,176$2,594,681$2,032,408$4,136,425
43$6,014,393$2,635,347$2,014,020$4,386,121
44$6,538,664$2,675,282$1,992,293$4,657,756
45$7,113,601$2,714,364$1,967,028$4,953,533
46$7,744,283$2,752,463$1,938,018$5,275,882
47$8,436,306$2,789,439$1,905,047$5,627,483
48$9,195,831$2,825,143$1,867,888$6,011,293
49$10,029,647$2,859,416$1,826,303$6,430,572
50$10,945,231$2,892,088$1,780,045$6,888,915
51$11,950,820$2,922,976$1,728,852$7,390,289
52$13,055,488$2,951,886$1,672,453$7,939,067
53$14,269,232$2,978,612$1,610,564$8,540,075
54$15,603,063$3,002,934$1,542,887$9,198,632
55$17,069,113$3,024,615$1,469,112$9,920,606
56$18,680,748$3,043,407$1,388,913$10,712,467
57$20,452,694$3,059,044$1,301,951$11,581,352
58$22,401,174$3,071,242$1,207,871$12,535,130
59$24,544,060$3,079,699$1,106,302$13,582,479
60$26,901,047$3,084,098$996,856$14,732,970
61$29,493,832$3,084,097$879,129$15,997,154
62$32,346,321$3,079,335$752,697$17,386,668
63$35,484,853$3,069,430$617,120$18,914,344
64$38,938,451$3,053,974$471,936$20,594,331
65$42,739,091$3,032,537$316,664$22,442,229
66$46,922,007$3,004,660$150,801$24,475,239
67$51,526,021$2,969,859$0$26,712,328
68$56,593,912$2,927,618$0$29,179,442
69$62,172,812$2,877,393$0$31,925,839
70$68,314,660$2,818,605$0$34,948,057
71$75,076,682$2,750,645$0$38,274,236
72$82,521,940$2,672,863$0$41,935,397
73$90,719,919$2,584,573$0$45,965,731
74$99,747,184$2,485,051$0$50,402,923
75$109,688,107$2,373,529$0$55,288,515
76$120,635,655$2,249,192$0$60,668,293
77$132,692,272$2,111,184$0$66,592,726
78$145,970,846$1,958,594$0$73,117,439
79$160,595,769$1,790,462$0$80,303,746
80$176,704,115$1,605,772$0$88,219,226
81$194,446,931$1,403,451$0$96,938,366
82$213,990,663$1,182,364$0$106,543,266
83$235,518,725$941,314$0$117,124,414
84$259,233,231$679,035$0$128,781,547
85$285,356,901$394,189$0$141,624,592
86$314,135,166$85,365$0$155,774,707
87$345,838,477$0$0$171,365,431
88$380,764,864$0$0$188,645,296
89$419,242,745$0$0$207,720,933
90$461,634,025$0$0$228,737,050
91$508,337,514$0$0$251,891,411
92$559,792,689$0$0$277,401,948
93$616,483,841$0$0$305,508,814
94$678,944,648$0$0$336,476,654
95$747,763,210$0$0$370,597,101
96$823,587,601$0$0$408,191,529
97$907,131,985$0$0$449,614,083
98$999,183,357$0$0$495,255,030
99$1,100,608,973$0$0$545,544,433
100$1,212,364,532$0$0$600,956,217