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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$164,332$162,869$161,440$160,046$158,685$152,994
2 years$81,353$79,838$78,369$76,945$75,564$69,892
3 years$53,696$52,175$50,710$49,300$47,941$42,466
4 years$39,871$38,354$36,904$35,518$34,192$28,956
5 years$31,578$30,070$28,639$27,281$25,992$21,009
6 years$26,051$24,554$23,145$21,817$20,567$15,840
7 years$22,105$20,621$19,233$17,937$16,726$12,255
8 years$19,146$17,676$16,311$15,047$13,876$9,657
9 years$16,847$15,390$14,049$12,816$11,686$7,712
10 years$15,008$13,565$12,248$11,048$9,957$6,222
11 years$13,504$12,077$10,783$9,615$8,563$5,060
12 years$12,253$10,839$9,570$8,434$7,421$4,141
13 years$11,194$9,796$8,550$7,446$6,471$3,405
14 years$10,288$8,904$7,682$6,609$5,672$2,811
15 years$9,503$8,134$6,936$5,894$4,994$2,328
16 years$8,816$7,463$6,288$5,278$4,414$1,933
17 years$8,212$6,873$5,722$4,742$3,914$1,609
18 years$7,675$6,351$5,224$4,274$3,480$1,341
19 years$7,195$5,886$4,782$3,862$3,102$1,120
20 years$6,763$5,469$4,389$3,497$2,771$936
21 years$6,374$5,095$4,037$3,174$2,479$783
22 years$6,020$4,756$3,720$2,886$2,222$656
23 years$5,697$4,448$3,435$2,628$1,995$550
24 years$5,402$4,167$3,177$2,397$1,793$461
25 years$5,131$3,911$2,943$2,189$1,614$387
26 years$4,881$3,676$2,729$2,002$1,453$325
27 years$4,649$3,459$2,534$1,832$1,310$272
28 years$4,435$3,259$2,356$1,679$1,182$229
29 years$4,236$3,075$2,192$1,539$1,068$192
30 years$4,051$2,904$2,042$1,413$965$161
31 years$3,878$2,745$1,904$1,298$872$136
32 years$3,716$2,598$1,776$1,192$789$114
33 years$3,564$2,460$1,658$1,097$714$96
34 years$3,421$2,331$1,550$1,009$646$81
35 years$3,287$2,211$1,449$929$586$68
36 years$3,161$2,099$1,355$855$530$57
37 years$3,041$1,993$1,269$788$481$48
38 years$2,928$1,894$1,188$726$436$40
39 years$2,822$1,801$1,113$670$395$34
40 years$2,721$1,714$1,043$618$359$28
41 years$2,625$1,632$978$570$325$24
42 years$2,534$1,554$918$526$295$20
43 years$2,447$1,480$861$486$268$17
44 years$2,364$1,411$808$448$243$14
45 years$2,286$1,346$759$414$221$12
46 years$2,211$1,284$713$382$200$10
47 years$2,139$1,225$670$353$182$8
48 years$2,071$1,170$629$327$165$7
49 years$2,006$1,117$591$302$150$6
50 years$1,943$1,067$556$279$136$5

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 $3,298 every year, while hoping to spend $33,225 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: 88/5/7 Blend
29$1,990,000$1,990,000$1,990,000$1,990,000
30$2,196,382$2,090,912$2,060,067$2,388,346
31$2,385,062$2,158,015$2,093,728$2,580,939
32$2,591,873$2,227,293$2,127,403$2,787,671
33$2,818,631$2,298,818$2,161,058$3,013,867
34$3,067,333$2,372,661$2,194,655$3,261,464
35$3,340,181$2,448,902$2,228,156$3,532,599
36$3,639,598$2,527,617$2,261,518$3,829,623
37$3,968,256$2,608,889$2,294,698$4,155,128
38$4,329,096$2,692,802$2,327,647$4,511,968
39$4,725,357$2,779,443$2,360,317$4,903,285
40$5,160,610$2,868,902$2,392,655$5,332,543
41$5,638,787$2,961,273$2,424,603$5,803,555
42$6,164,220$3,056,651$2,456,104$6,320,523
43$6,741,680$3,155,137$2,487,093$6,888,077
44$7,376,425$3,256,833$2,517,505$7,511,315
45$8,074,248$3,361,845$2,547,269$8,195,854
46$8,841,530$3,470,285$2,576,311$8,947,885
47$9,685,302$3,582,264$2,604,553$9,774,225
48$10,613,309$3,697,901$2,631,912$10,682,387
49$11,634,086$3,817,318$2,658,300$11,680,646
50$12,757,037$3,940,640$2,683,627$12,778,123
51$13,992,521$4,067,998$2,707,795$13,984,865
52$15,351,954$4,199,526$2,730,702$15,311,940
53$16,847,913$4,335,362$2,752,240$16,771,546
54$18,494,257$4,475,652$2,772,297$18,377,122
55$20,306,255$4,620,543$2,790,753$20,143,475
56$22,300,733$4,770,190$2,807,483$22,086,921
57$24,496,230$4,924,751$2,822,356$24,225,438
58$26,913,174$5,084,392$2,835,233$26,578,833
59$29,574,073$5,249,283$2,845,969$29,168,935
60$32,503,730$5,419,599$2,854,411$32,019,795
61$35,729,475$5,595,524$2,860,398$35,157,912
62$39,281,423$5,777,246$2,863,762$38,612,490
63$43,192,756$5,964,959$2,864,327$42,415,707
64$47,500,042$6,158,866$2,861,906$46,603,019
65$52,243,571$6,359,176$2,856,305$51,213,499
66$57,467,745$6,566,105$2,847,320$56,290,199
67$63,221,486$6,779,876$2,834,737$61,880,561
68$69,558,709$7,000,720$2,818,332$68,036,864
69$76,538,820$7,228,878$2,797,868$74,816,714
70$84,227,283$7,464,598$2,773,101$82,283,593
71$92,696,238$7,708,134$2,743,771$90,507,450
72$102,025,175$7,959,754$2,709,609$99,565,371
73$112,301,693$8,219,732$2,670,331$109,542,296
74$123,622,318$8,488,352$2,625,640$120,531,830
75$136,093,423$8,765,909$2,575,226$132,637,118
76$149,832,220$9,052,707$2,518,765$145,971,825
77$164,967,880$9,349,062$2,455,917$160,661,204
78$181,642,739$9,655,301$2,386,325$176,843,281
79$200,013,649$9,971,763$2,309,618$194,670,157
80$220,253,458$10,298,796$2,225,407$214,309,441
81$242,552,638$10,636,764$2,133,286$235,945,837
82$267,121,084$10,986,042$2,032,827$259,782,882
83$294,190,096$11,347,020$1,923,588$286,044,869
84$324,014,561$11,720,099$1,805,104$314,978,967
85$356,875,359$12,105,696$1,676,888$346,857,548
86$393,082,015$12,504,245$1,538,433$381,980,764
87$432,975,619$12,916,191$1,389,209$420,679,376
88$476,932,047$13,341,999$1,228,662$463,317,878
89$525,365,507$13,782,149$1,056,213$510,297,937
90$578,732,451$14,237,137$871,259$562,062,185
91$637,535,883$14,707,478$673,168$619,098,396
92$702,330,106$15,193,707$461,282$681,944,092
93$773,725,955$15,696,377$234,913$751,191,617
94$852,396,563$16,216,060$0$827,493,727
95$939,083,716$16,753,350$0$911,570,252
96$1,034,604,853$17,308,863$0$1,004,232,147
97$1,139,860,786$17,883,235$0$1,106,335,452
98$1,255,844,201$18,477,129$0$1,218,842,870
99$1,383,649,029$19,091,228$0$1,342,815,287
100$1,524,480,774$19,726,242$0$1,479,421,790