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%16.8%
1 years$163,507$162,050$160,629$159,242$157,888$153,511
2 years$80,944$79,436$77,975$76,559$75,185$70,808
3 years$53,427$51,913$50,455$49,052$47,700$43,460
4 years$39,671$38,161$36,718$35,339$34,020$29,950
5 years$31,419$29,919$28,495$27,144$25,862$21,972
6 years$25,920$24,431$23,028$21,707$20,463$16,758
7 years$21,994$20,517$19,137$17,847$16,642$13,121
8 years$19,050$17,587$16,229$14,971$13,806$10,468
9 years$16,762$15,313$13,978$12,752$11,627$8,468
10 years$14,932$13,497$12,187$10,992$9,907$6,923
11 years$13,437$12,016$10,729$9,567$8,520$5,707
12 years$12,191$10,785$9,522$8,391$7,383$4,735
13 years$11,138$9,746$8,507$7,408$6,438$3,950
14 years$10,236$8,859$7,644$6,576$5,644$3,309
15 years$9,455$8,093$6,901$5,865$4,969$2,782
16 years$8,772$7,425$6,257$5,251$4,392$2,345
17 years$8,170$6,838$5,693$4,718$3,894$1,982
18 years$7,636$6,319$5,197$4,252$3,463$1,678
19 years$7,159$5,856$4,758$3,842$3,086$1,424
20 years$6,729$5,442$4,367$3,480$2,757$1,209
21 years$6,342$5,069$4,016$3,158$2,467$1,028
22 years$5,989$4,732$3,702$2,871$2,211$875
23 years$5,668$4,425$3,418$2,615$1,985$746
24 years$5,375$4,146$3,161$2,385$1,784$636
25 years$5,105$3,891$2,928$2,178$1,605$543
26 years$4,856$3,657$2,715$1,992$1,446$463
27 years$4,626$3,442$2,521$1,823$1,304$395
28 years$4,413$3,243$2,344$1,670$1,176$338
29 years$4,215$3,059$2,181$1,532$1,062$289
30 years$4,030$2,889$2,032$1,406$960$247
31 years$3,858$2,731$1,894$1,291$868$211
32 years$3,697$2,584$1,767$1,186$785$180
33 years$3,546$2,448$1,650$1,091$710$154
34 years$3,404$2,320$1,542$1,004$643$132
35 years$3,270$2,200$1,441$924$583$113
36 years$3,145$2,088$1,348$851$528$97
37 years$3,026$1,983$1,262$784$478$83
38 years$2,914$1,885$1,182$723$434$71
39 years$2,808$1,792$1,107$666$393$61
40 years$2,707$1,705$1,038$615$357$52
41 years$2,612$1,623$973$567$324$44
42 years$2,521$1,546$913$523$294$38
43 years$2,435$1,473$857$483$267$33
44 years$2,353$1,404$804$446$242$28
45 years$2,274$1,339$755$412$220$24
46 years$2,200$1,277$709$381$199$20
47 years$2,129$1,219$666$352$181$17
48 years$2,060$1,164$626$325$164$15
49 years$1,995$1,111$588$300$149$13
50 years$1,933$1,061$553$278$136$11

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 $2,575 every year, while hoping to spend $38,957 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: 33/37/30 Blend
29$1,980,000$1,980,000$1,980,000$1,980,000
30$2,184,616$2,079,676$2,048,986$2,236,766
31$2,365,997$2,140,130$2,076,177$2,337,349
32$2,564,573$2,202,241$2,102,974$2,442,059
33$2,782,057$2,266,048$2,129,321$2,554,167
34$3,020,335$2,331,593$2,155,161$2,674,357
35$3,281,485$2,398,917$2,180,435$2,803,382
36$3,567,794$2,468,061$2,205,076$2,942,069
37$3,881,781$2,539,068$2,229,019$3,091,332
38$4,226,223$2,611,982$2,252,191$3,252,173
39$4,604,175$2,686,847$2,274,517$3,425,699
40$5,019,005$2,763,707$2,295,917$3,613,127
41$5,474,422$2,842,607$2,316,309$3,815,796
42$5,974,510$2,923,592$2,335,603$4,035,183
43$6,523,772$3,006,709$2,353,707$4,272,915
44$7,127,163$3,092,005$2,370,523$4,530,781
45$7,790,146$3,179,526$2,385,948$4,810,754
46$8,518,739$3,269,320$2,399,875$5,115,008
47$9,319,568$3,361,435$2,412,188$5,445,937
48$10,199,937$3,455,919$2,422,770$5,806,178
49$11,167,892$3,552,820$2,431,495$6,198,636
50$12,232,297$3,652,188$2,438,229$6,626,514
51$13,402,917$3,754,071$2,442,836$7,093,340
52$14,690,513$3,858,518$2,445,169$7,603,000
53$16,106,939$3,965,579$2,445,076$8,159,777
54$17,665,257$4,075,303$2,442,396$8,768,391
55$19,379,859$4,187,739$2,436,962$9,434,043
56$21,266,603$4,302,936$2,428,598$10,162,464
57$23,342,958$4,420,942$2,417,119$10,959,969
58$25,628,178$4,541,806$2,402,330$11,833,519
59$28,143,474$4,665,576$2,384,030$12,790,783
60$30,912,218$4,792,299$2,362,004$13,840,213
61$33,960,165$4,922,023$2,336,032$14,991,124
62$37,315,691$5,054,791$2,305,879$16,253,782
63$41,010,067$5,190,651$2,271,301$17,639,500
64$45,077,746$5,329,645$2,232,042$19,160,746
65$49,556,695$5,471,817$2,187,834$20,831,260
66$54,488,749$5,617,207$2,138,397$22,666,185
67$59,920,006$5,765,855$2,083,439$24,682,210
68$65,901,264$5,917,799$2,022,651$26,897,728
69$72,488,497$6,073,076$1,955,714$29,333,008
70$79,743,385$6,231,717$1,882,292$32,010,392
71$87,733,895$6,393,756$1,802,033$34,954,500
72$96,534,922$6,559,220$1,714,571$38,192,464
73$106,228,997$6,728,135$1,619,523$41,754,191
74$116,907,065$6,900,524$1,516,487$45,672,637
75$128,669,341$7,076,405$1,405,044$49,984,125
76$141,626,259$7,255,793$1,284,758$54,728,685
77$155,899,510$7,438,700$1,155,170$59,950,434
78$171,623,195$7,625,132$1,015,804$65,697,995
79$188,945,088$7,815,090$866,160$72,024,952
80$208,028,027$8,008,570$705,716$78,990,362
81$229,051,458$8,205,562$533,930$86,659,308
82$252,213,124$8,406,051$350,234$95,103,521
83$277,730,929$8,610,014$154,033$104,402,051
84$305,845,000$8,817,422$0$114,642,020
85$336,819,951$9,028,236$0$125,937,159
86$370,947,378$9,242,411$0$138,429,337
87$408,548,613$9,459,892$0$152,186,029
88$449,977,760$9,680,615$0$167,335,981
89$495,625,030$9,904,505$0$184,021,067
90$545,920,433$10,131,475$0$202,397,629
91$601,337,829$10,361,429$0$222,637,952
92$662,399,405$10,594,257$0$244,931,888
93$729,680,603$10,829,834$0$269,488,654
94$803,815,552$11,068,023$0$296,538,801
95$885,503,053$11,308,670$0$326,336,393
96$975,513,175$11,551,606$0$359,161,406
97$1,074,694,528$11,796,644$0$395,322,370
98$1,183,982,267$12,043,577$0$435,159,282
99$1,304,406,926$12,292,180$0$479,046,815
100$1,437,104,142$12,542,206$0$527,397,857