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

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$163,507$162,050$160,629$159,242$157,888$155,721
2 years$80,944$79,436$77,975$76,559$75,185$73,006
3 years$53,427$51,913$50,455$49,052$47,700$45,577
4 years$39,671$38,161$36,718$35,339$34,020$31,968
5 years$31,419$29,919$28,495$27,144$25,862$23,887
6 years$25,920$24,431$23,028$21,707$20,463$18,569
7 years$21,994$20,517$19,137$17,847$16,642$14,829
8 years$19,050$17,587$16,229$14,971$13,806$12,073
9 years$16,762$15,313$13,978$12,752$11,627$9,974
10 years$14,932$13,497$12,187$10,992$9,907$8,332
11 years$13,437$12,016$10,729$9,567$8,520$7,022
12 years$12,191$10,785$9,522$8,391$7,383$5,961
13 years$11,138$9,746$8,507$7,408$6,438$5,089
14 years$10,236$8,859$7,644$6,576$5,644$4,366
15 years$9,455$8,093$6,901$5,865$4,969$3,760
16 years$8,772$7,425$6,257$5,251$4,392$3,249
17 years$8,170$6,838$5,693$4,718$3,894$2,816
18 years$7,636$6,319$5,197$4,252$3,463$2,447
19 years$7,159$5,856$4,758$3,842$3,086$2,130
20 years$6,729$5,442$4,367$3,480$2,757$1,857
21 years$6,342$5,069$4,016$3,158$2,467$1,622
22 years$5,989$4,732$3,702$2,871$2,211$1,419
23 years$5,668$4,425$3,418$2,615$1,985$1,242
24 years$5,375$4,146$3,161$2,385$1,784$1,089
25 years$5,105$3,891$2,928$2,178$1,605$955
26 years$4,856$3,657$2,715$1,992$1,446$838
27 years$4,626$3,442$2,521$1,823$1,304$736
28 years$4,413$3,243$2,344$1,670$1,176$647
29 years$4,215$3,059$2,181$1,532$1,062$569
30 years$4,030$2,889$2,032$1,406$960$501
31 years$3,858$2,731$1,894$1,291$868$441
32 years$3,697$2,584$1,767$1,186$785$388
33 years$3,546$2,448$1,650$1,091$710$342
34 years$3,404$2,320$1,542$1,004$643$301
35 years$3,270$2,200$1,441$924$583$265
36 years$3,145$2,088$1,348$851$528$234
37 years$3,026$1,983$1,262$784$478$206
38 years$2,914$1,885$1,182$723$434$182
39 years$2,808$1,792$1,107$666$393$160
40 years$2,707$1,705$1,038$615$357$141
41 years$2,612$1,623$973$567$324$125
42 years$2,521$1,546$913$523$294$110
43 years$2,435$1,473$857$483$267$97
44 years$2,353$1,404$804$446$242$85
45 years$2,274$1,339$755$412$220$75
46 years$2,200$1,277$709$381$199$67
47 years$2,129$1,219$666$352$181$59
48 years$2,060$1,164$626$325$164$52
49 years$1,995$1,111$588$300$149$46
50 years$1,933$1,061$553$278$136$40

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 $6,380 every year, while hoping to spend $52,211 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: 61/21/18 Blend
29$1,980,000$1,980,000$1,980,000$1,980,000
30$2,188,541$2,083,601$2,052,911$2,311,564
31$2,356,220$2,130,145$2,066,131$2,441,873
32$2,539,253$2,177,220$2,078,045$2,577,635
33$2,739,149$2,224,797$2,088,552$2,724,587
34$2,957,574$2,272,843$2,097,550$2,883,821
35$3,196,357$2,321,323$2,104,928$3,056,538
36$3,457,515$2,370,198$2,110,573$3,244,066
37$3,743,267$2,419,424$2,114,364$3,447,864
38$4,056,059$2,468,954$2,116,173$3,669,542
39$4,398,581$2,518,737$2,115,869$3,910,874
40$4,773,798$2,568,716$2,113,312$4,173,812
41$5,184,974$2,618,832$2,108,356$4,460,513
42$5,635,703$2,669,017$2,100,848$4,773,348
43$6,129,945$2,719,199$2,090,628$5,114,934
44$6,672,062$2,769,302$2,077,525$5,488,155
45$7,266,855$2,819,240$2,061,365$5,896,187
46$7,919,616$2,868,925$2,041,963$6,342,533
47$8,636,172$2,918,257$2,019,124$6,831,054
48$9,422,942$2,967,133$1,992,645$7,366,004
49$10,286,999$3,015,439$1,962,315$7,952,072
50$11,236,131$3,063,053$1,927,911$8,594,426
51$12,278,920$3,109,846$1,889,200$9,298,764
52$13,424,819$3,155,679$1,845,937$10,071,365
53$14,684,244$3,200,400$1,797,870$10,919,149
54$16,068,669$3,243,851$1,744,730$11,849,744
55$17,590,733$3,285,860$1,686,239$12,871,560
56$19,264,364$3,326,244$1,622,104$13,993,863
57$21,104,907$3,364,807$1,552,022$15,226,869
58$23,129,265$3,401,340$1,475,672$16,581,835
59$25,356,065$3,435,621$1,392,722$18,071,172
60$27,805,828$3,467,411$1,302,823$19,708,559
61$30,501,166$3,496,458$1,205,611$21,509,071
62$33,466,991$3,522,491$1,100,705$23,489,326
63$36,730,754$3,545,222$987,709$25,667,639
64$40,322,700$3,564,347$866,206$28,064,197
65$44,276,154$3,579,539$735,762$30,701,251
66$48,627,838$3,590,452$595,927$33,603,325
67$53,418,212$3,596,719$446,225$36,797,448
68$58,691,860$3,597,949$286,164$40,313,414
69$64,497,907$3,593,726$115,228$44,184,059
70$70,890,485$3,583,609$0$48,445,573
71$77,929,239$3,567,132$0$53,150,751
72$85,679,897$3,543,796$0$58,355,107
73$94,214,881$3,513,076$0$64,085,055
74$103,613,995$3,474,414$0$70,394,119
75$113,965,179$3,427,216$0$77,341,281
76$125,365,334$3,370,857$0$84,991,542
77$137,921,240$3,304,671$0$93,416,533
78$151,750,560$3,227,953$0$102,695,195
79$166,982,954$3,139,960$0$112,914,523
80$183,761,298$3,039,900$0$124,170,386
81$202,243,034$2,926,939$0$136,568,434
82$222,601,657$2,800,193$0$150,225,100
83$245,028,350$2,658,725$0$165,268,693
84$269,733,786$2,501,548$0$181,840,613
85$296,950,123$2,327,614$0$200,096,690
86$326,933,185$2,135,817$0$220,208,649
87$359,964,886$1,924,988$0$242,365,740
88$396,355,883$1,693,891$0$266,776,519
89$436,448,510$1,441,219$0$293,670,822
90$480,620,012$1,165,592$0$323,301,935
91$529,286,100$865,553$0$355,948,984
92$582,904,879$539,562$0$391,919,578
93$641,981,168$185,992$0$431,552,706
94$707,071,269$0$0$475,221,946
95$778,788,213$0$0$523,384,482
96$857,807,548$0$0$576,498,686
97$944,873,719$0$0$635,022,000
98$1,040,807,087$0$0$699,505,888
99$1,146,511,681$0$0$770,558,048
100$1,262,983,726$0$0$848,848,160