Can I retire at age 30 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$167,636$166,142$164,685$163,264$161,875$160,922
2 years$82,988$81,442$79,944$78,492$77,083$76,122
3 years$54,776$53,223$51,729$50,291$48,905$47,965
4 years$40,672$39,125$37,646$36,232$34,879$33,968
5 years$32,213$30,674$29,215$27,829$26,515$25,635
6 years$26,575$25,048$23,610$22,255$20,980$20,132
7 years$22,549$21,035$19,620$18,297$17,063$16,248
8 years$19,531$18,031$16,639$15,349$14,155$13,373
9 years$17,185$15,699$14,331$13,074$11,921$11,171
10 years$15,310$13,838$12,494$11,270$10,157$9,440
11 years$13,776$12,319$11,000$9,808$8,735$8,050
12 years$12,499$11,057$9,762$8,603$7,570$6,915
13 years$11,419$9,992$8,722$7,595$6,601$5,977
14 years$10,494$9,083$7,837$6,742$5,786$5,192
15 years$9,694$8,297$7,075$6,013$5,095$4,530
16 years$8,994$7,613$6,415$5,384$4,503$3,966
17 years$8,377$7,011$5,837$4,837$3,993$3,483
18 years$7,829$6,478$5,329$4,359$3,550$3,067
19 years$7,339$6,004$4,878$3,939$3,164$2,707
20 years$6,899$5,579$4,477$3,568$2,826$2,394
21 years$6,502$5,197$4,118$3,238$2,529$2,120
22 years$6,141$4,851$3,795$2,944$2,267$1,881
23 years$5,812$4,537$3,504$2,681$2,035$1,671
24 years$5,510$4,251$3,241$2,445$1,829$1,486
25 years$5,234$3,989$3,002$2,233$1,646$1,323
26 years$4,979$3,749$2,784$2,042$1,483$1,179
27 years$4,743$3,529$2,585$1,869$1,337$1,052
28 years$4,524$3,325$2,403$1,712$1,206$938
29 years$4,321$3,137$2,236$1,570$1,089$838
30 years$4,132$2,962$2,083$1,441$984$749
31 years$3,956$2,800$1,942$1,324$890$669
32 years$3,790$2,650$1,812$1,216$805$599
33 years$3,635$2,509$1,692$1,119$728$536
34 years$3,490$2,378$1,581$1,029$659$479
35 years$3,353$2,256$1,478$947$597$429
36 years$3,224$2,141$1,383$873$541$384
37 years$3,102$2,034$1,294$804$490$344
38 years$2,987$1,933$1,212$741$445$308
39 years$2,878$1,838$1,135$683$403$276
40 years$2,775$1,748$1,064$630$366$248
41 years$2,677$1,664$998$581$332$222
42 years$2,584$1,585$936$537$301$199
43 years$2,496$1,510$878$495$273$179
44 years$2,412$1,440$824$457$248$160
45 years$2,332$1,373$774$422$225$144
46 years$2,255$1,310$727$390$204$129
47 years$2,182$1,250$683$360$186$116
48 years$2,113$1,193$642$333$169$104
49 years$2,046$1,139$603$308$153$93
50 years$1,982$1,088$567$285$139$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,030,000, adding $4,823 every year, while hoping to spend $36,388 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: 67/16/17 Blend
29$2,030,000$2,030,000$2,030,000$2,030,000
30$2,242,035$2,134,445$2,102,980$2,382,705
31$2,432,006$2,200,316$2,134,713$2,543,177
32$2,640,134$2,268,196$2,166,290$2,713,887
33$2,868,234$2,338,143$2,197,667$2,899,658
34$3,118,302$2,410,220$2,228,797$3,101,966
35$3,392,539$2,484,491$2,259,631$3,322,439
36$3,693,367$2,561,020$2,290,118$3,562,866
37$4,023,455$2,639,875$2,320,202$3,825,221
38$4,385,744$2,721,125$2,349,825$4,111,675
39$4,783,470$2,804,841$2,378,924$4,424,620
40$5,220,202$2,891,096$2,407,436$4,766,690
41$5,699,868$2,979,965$2,435,291$5,140,789
42$6,226,797$3,071,526$2,462,415$5,550,111
43$6,805,757$3,165,857$2,488,733$5,998,178
44$7,442,002$3,263,042$2,514,163$6,488,867
45$8,141,319$3,363,163$2,538,620$7,026,451
46$8,910,083$3,466,308$2,562,014$7,615,636
47$9,755,319$3,572,565$2,584,249$8,261,608
48$10,684,766$3,682,025$2,605,226$8,970,077
49$11,706,951$3,794,783$2,624,839$9,747,337
50$12,831,267$3,910,934$2,642,978$10,600,321
51$14,068,064$4,030,578$2,659,527$11,536,667
52$15,428,748$4,153,817$2,674,362$12,564,790
53$16,925,882$4,280,756$2,687,354$13,693,964
54$18,573,310$4,411,502$2,698,369$14,934,403
55$20,386,288$4,546,165$2,707,265$16,297,366
56$22,381,622$4,684,860$2,713,891$17,795,253
57$24,577,832$4,827,703$2,718,090$19,441,733
58$26,995,323$4,974,813$2,719,699$21,251,861
59$29,656,582$5,126,314$2,718,545$23,242,230
60$32,586,382$5,282,333$2,714,445$25,431,123
61$35,812,024$5,442,998$2,707,210$27,838,684
62$39,363,590$5,608,444$2,696,641$30,487,111
63$43,274,225$5,778,807$2,682,527$33,400,865
64$47,580,455$5,954,227$2,664,651$36,606,898
65$52,322,526$6,134,849$2,642,782$40,134,910
66$57,544,788$6,320,821$2,616,679$44,017,629
67$63,296,110$6,512,295$2,586,091$48,291,118
68$69,630,342$6,709,426$2,550,754$52,995,118
69$76,606,823$6,912,374$2,510,390$58,173,419
70$84,290,942$7,121,304$2,464,712$63,874,277
71$92,754,754$7,336,383$2,413,415$70,150,869
72$102,077,657$7,557,784$2,356,183$77,061,791
73$112,347,147$7,785,685$2,292,684$84,671,617
74$123,659,639$8,020,266$2,222,572$93,051,503
75$136,121,377$8,261,713$2,145,482$102,279,861
76$149,849,438$8,510,218$2,061,037$112,443,102
77$164,972,837$8,765,976$1,968,838$123,636,443
78$181,633,745$9,029,186$1,868,472$135,964,816
79$199,988,825$9,300,055$1,759,504$149,543,853
80$220,210,719$9,578,792$1,641,482$164,500,976
81$242,489,673$9,865,613$1,513,932$180,976,605
82$267,035,329$10,160,738$1,376,358$199,125,479
83$294,078,712$10,464,392$1,228,245$219,118,118
84$323,874,401$10,776,808$1,069,052$241,142,435
85$356,702,940$11,098,222$898,215$265,405,506
86$392,873,480$11,428,876$715,146$292,135,528
87$432,726,702$11,769,017$519,230$321,583,973
88$476,638,025$12,118,899$309,824$354,027,959
89$525,021,160$12,478,781$86,259$389,772,871
90$578,332,005$12,848,927$0$429,155,239
91$637,072,954$13,229,610$0$472,573,550
92$701,797,640$13,621,106$0$520,427,347
93$773,116,156$14,023,696$0$573,151,472
94$851,700,818$14,437,672$0$631,242,371
95$938,292,510$14,863,326$0$695,247,115
96$1,033,707,679$15,300,962$0$765,768,570
97$1,138,846,038$15,750,885$0$843,471,083
98$1,254,699,066$16,213,410$0$929,086,751
99$1,382,359,360$16,688,857$0$1,023,422,338
100$1,523,030,956$17,177,552$0$1,127,366,884