Can I retire at age 30 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$164,332$162,869$161,440$160,046$158,685$156,057
2 years$81,353$79,838$78,369$76,945$75,564$72,924
3 years$53,696$52,175$50,710$49,300$47,941$45,371
4 years$39,871$38,354$36,904$35,518$34,192$31,711
5 years$31,578$30,070$28,639$27,281$25,992$23,609
6 years$26,051$24,554$23,145$21,817$20,567$18,283
7 years$22,105$20,621$19,233$17,937$16,726$14,543
8 years$19,146$17,676$16,311$15,047$13,876$11,793
9 years$16,847$15,390$14,049$12,816$11,686$9,702
10 years$15,008$13,565$12,248$11,048$9,957$8,070
11 years$13,504$12,077$10,783$9,615$8,563$6,772
12 years$12,253$10,839$9,570$8,434$7,421$5,722
13 years$11,194$9,796$8,550$7,446$6,471$4,863
14 years$10,288$8,904$7,682$6,609$5,672$4,153
15 years$9,503$8,134$6,936$5,894$4,994$3,559
16 years$8,816$7,463$6,288$5,278$4,414$3,061
17 years$8,212$6,873$5,722$4,742$3,914$2,640
18 years$7,675$6,351$5,224$4,274$3,480$2,282
19 years$7,195$5,886$4,782$3,862$3,102$1,976
20 years$6,763$5,469$4,389$3,497$2,771$1,714
21 years$6,374$5,095$4,037$3,174$2,479$1,490
22 years$6,020$4,756$3,720$2,886$2,222$1,296
23 years$5,697$4,448$3,435$2,628$1,995$1,128
24 years$5,402$4,167$3,177$2,397$1,793$984
25 years$5,131$3,911$2,943$2,189$1,614$858
26 years$4,881$3,676$2,729$2,002$1,453$749
27 years$4,649$3,459$2,534$1,832$1,310$654
28 years$4,435$3,259$2,356$1,679$1,182$572
29 years$4,236$3,075$2,192$1,539$1,068$500
30 years$4,051$2,904$2,042$1,413$965$437
31 years$3,878$2,745$1,904$1,298$872$383
32 years$3,716$2,598$1,776$1,192$789$335
33 years$3,564$2,460$1,658$1,097$714$293
34 years$3,421$2,331$1,550$1,009$646$257
35 years$3,287$2,211$1,449$929$586$225
36 years$3,161$2,099$1,355$855$530$197
37 years$3,041$1,993$1,269$788$481$173
38 years$2,928$1,894$1,188$726$436$151
39 years$2,822$1,801$1,113$670$395$133
40 years$2,721$1,714$1,043$618$359$116
41 years$2,625$1,632$978$570$325$102
42 years$2,534$1,554$918$526$295$89
43 years$2,447$1,480$861$486$268$78
44 years$2,364$1,411$808$448$243$69
45 years$2,286$1,346$759$414$221$60
46 years$2,211$1,284$713$382$200$53
47 years$2,139$1,225$670$353$182$46
48 years$2,071$1,170$629$327$165$41
49 years$2,006$1,117$591$302$150$36
50 years$1,943$1,067$556$279$136$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,990,000, adding $6,806 every year, while hoping to spend $58,808 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: 40/33/27 Blend
29$1,990,000$1,990,000$1,990,000$1,990,000
30$2,200,000$2,094,530$2,063,685$2,270,221
31$2,361,829$2,134,591$2,070,248$2,361,849
32$2,538,193$2,174,644$2,075,059$2,454,928
33$2,730,514$2,214,626$2,077,998$2,554,497
34$2,940,354$2,254,470$2,078,938$2,661,189
35$3,169,434$2,294,104$2,077,747$2,775,698
36$3,419,650$2,333,448$2,074,285$2,898,793
37$3,693,085$2,372,418$2,068,405$3,031,325
38$3,992,037$2,410,924$2,059,953$3,174,232
39$4,319,034$2,448,868$2,048,770$3,328,548
40$4,676,857$2,486,145$2,034,687$3,495,417
41$5,068,574$2,522,642$2,017,525$3,676,103
42$5,497,557$2,558,241$1,997,101$3,872,001
43$5,967,525$2,592,812$1,973,221$4,084,649
44$6,482,570$2,626,216$1,945,681$4,315,748
45$7,047,199$2,658,308$1,914,269$4,567,176
46$7,666,378$2,688,930$1,878,761$4,841,003
47$8,345,575$2,717,914$1,838,926$5,139,517
48$9,090,812$2,745,081$1,794,519$5,465,244
49$9,908,724$2,770,239$1,745,285$5,820,971
50$10,806,619$2,793,186$1,690,957$6,209,774
51$11,792,546$2,813,703$1,631,256$6,635,048
52$12,875,373$2,831,562$1,565,890$7,100,542
53$14,064,867$2,846,515$1,494,553$7,610,391
54$15,371,791$2,858,301$1,416,928$8,169,160
55$16,807,998$2,866,642$1,332,680$8,781,884
56$18,386,549$2,871,243$1,241,460$9,454,121
57$20,121,833$2,871,790$1,142,905$10,192,005
58$22,029,701$2,867,949$1,036,633$11,002,301
59$24,127,619$2,859,366$922,248$11,892,474
60$26,434,826$2,845,666$799,334$12,870,760
61$28,972,524$2,826,449$667,458$13,946,245
62$31,764,070$2,801,294$526,166$15,128,953
63$34,835,198$2,769,750$374,985$16,429,941
64$38,214,264$2,731,343$213,423$17,861,406
65$41,932,510$2,685,570$40,963$19,436,802
66$46,024,359$2,631,896$0$21,170,967
67$50,527,741$2,569,756$0$23,121,490
68$55,484,447$2,498,551$0$25,280,475
69$60,940,529$2,417,648$0$27,656,187
70$66,946,726$2,326,376$0$30,270,758
71$73,558,949$2,224,025$0$33,148,588
72$80,838,803$2,109,844$0$36,316,569
73$88,854,173$1,983,038$0$39,804,351
74$97,679,859$1,842,768$0$43,644,611
75$107,398,287$1,688,145$0$47,873,375
76$118,100,279$1,518,231$0$52,530,351
77$129,885,916$1,332,034$0$57,659,308
78$142,865,480$1,128,504$0$63,308,495
79$157,160,492$906,533$0$69,531,094
80$172,904,862$664,953$0$76,385,723
81$190,246,148$402,526$0$83,936,998
82$209,346,952$117,947$0$92,256,141
83$230,386,453$0$0$101,421,653
84$253,562,096$0$0$111,589,116
85$279,091,455$0$0$122,836,755
86$307,214,288$0$0$135,227,417
87$338,194,799$0$0$148,877,558
88$372,324,129$0$0$163,915,507
89$409,923,105$0$0$180,482,679
90$451,345,266$0$0$198,734,908
91$496,980,203$0$0$218,843,918
92$547,257,231$0$0$240,998,946
93$602,649,446$0$0$265,408,525
94$663,678,183$0$0$292,302,453
95$730,917,944$0$0$321,933,963
96$805,001,816$0$0$354,582,111
97$886,627,445$0$0$390,554,414
98$976,563,624$0$0$430,189,746
99$1,075,657,550$0$0$473,861,545
100$1,184,842,816$0$0$521,981,328