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

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 $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%19.4%
1 years$167,636$166,142$164,685$163,264$161,875$155,760
2 years$82,988$81,442$79,944$78,492$77,083$70,994
3 years$54,776$53,223$51,729$50,291$48,905$43,032
4 years$40,672$39,125$37,646$36,232$34,879$29,268
5 years$32,213$30,674$29,215$27,829$26,515$21,180
6 years$26,575$25,048$23,610$22,255$20,980$15,925
7 years$22,549$21,035$19,620$18,297$17,063$12,285
8 years$19,531$18,031$16,639$15,349$14,155$9,652
9 years$17,185$15,699$14,331$13,074$11,921$7,685
10 years$15,310$13,838$12,494$11,270$10,157$6,181
11 years$13,776$12,319$11,000$9,808$8,735$5,010
12 years$12,499$11,057$9,762$8,603$7,570$4,086
13 years$11,419$9,992$8,722$7,595$6,601$3,348
14 years$10,494$9,083$7,837$6,742$5,786$2,755
15 years$9,694$8,297$7,075$6,013$5,095$2,274
16 years$8,994$7,613$6,415$5,384$4,503$1,881
17 years$8,377$7,011$5,837$4,837$3,993$1,560
18 years$7,829$6,478$5,329$4,359$3,550$1,295
19 years$7,339$6,004$4,878$3,939$3,164$1,077
20 years$6,899$5,579$4,477$3,568$2,826$897
21 years$6,502$5,197$4,118$3,238$2,529$748
22 years$6,141$4,851$3,795$2,944$2,267$624
23 years$5,812$4,537$3,504$2,681$2,035$521
24 years$5,510$4,251$3,241$2,445$1,829$435
25 years$5,234$3,989$3,002$2,233$1,646$363
26 years$4,979$3,749$2,784$2,042$1,483$304
27 years$4,743$3,529$2,585$1,869$1,337$254
28 years$4,524$3,325$2,403$1,712$1,206$212
29 years$4,321$3,137$2,236$1,570$1,089$178
30 years$4,132$2,962$2,083$1,441$984$149
31 years$3,956$2,800$1,942$1,324$890$124
32 years$3,790$2,650$1,812$1,216$805$104
33 years$3,635$2,509$1,692$1,119$728$87
34 years$3,490$2,378$1,581$1,029$659$73
35 years$3,353$2,256$1,478$947$597$61
36 years$3,224$2,141$1,383$873$541$51
37 years$3,102$2,034$1,294$804$490$43
38 years$2,987$1,933$1,212$741$445$36
39 years$2,878$1,838$1,135$683$403$30
40 years$2,775$1,748$1,064$630$366$25
41 years$2,677$1,664$998$581$332$21
42 years$2,584$1,585$936$537$301$18
43 years$2,496$1,510$878$495$273$15
44 years$2,412$1,440$824$457$248$12
45 years$2,332$1,373$774$422$225$10
46 years$2,255$1,310$727$390$204$9
47 years$2,182$1,250$683$360$186$7
48 years$2,113$1,193$642$333$169$6
49 years$2,046$1,139$603$308$153$5
50 years$1,982$1,088$567$285$139$4

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 $5,845 every year, while hoping to spend $40,344 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: 79/15/6 Blend
29$2,030,000$2,030,000$2,030,000$2,030,000
30$2,243,089$2,135,499$2,104,034$2,418,738
31$2,428,959$2,197,213$2,131,594$2,596,375
32$2,632,434$2,260,598$2,158,724$2,785,295
33$2,855,270$2,325,695$2,185,369$2,991,312
34$3,099,396$2,392,543$2,211,467$3,216,109
35$3,366,939$2,461,182$2,236,956$3,461,541
36$3,660,241$2,531,654$2,261,768$3,729,649
37$3,981,881$2,604,000$2,285,832$4,022,680
38$4,334,699$2,678,262$2,309,074$4,343,109
39$4,721,824$2,754,483$2,331,414$4,693,663
40$5,146,704$2,832,706$2,352,770$5,077,343
41$5,613,133$2,912,975$2,373,053$5,497,456
42$6,125,295$2,995,333$2,392,173$5,957,644
43$6,687,795$3,079,824$2,410,031$6,461,918
44$7,305,709$3,166,494$2,426,525$7,014,698
45$7,984,625$3,255,386$2,441,548$7,620,851
46$8,730,704$3,346,548$2,454,987$8,285,737
47$9,550,730$3,440,023$2,466,723$9,015,265
48$10,452,178$3,535,857$2,476,632$9,815,941
49$11,443,283$3,634,096$2,484,581$10,694,934
50$12,533,117$3,734,786$2,490,434$11,660,141
51$13,731,676$3,837,972$2,494,045$12,720,262
52$15,049,975$3,943,701$2,495,263$13,884,885
53$16,500,146$4,052,016$2,493,929$15,164,569
54$18,095,560$4,162,964$2,489,874$16,570,951
55$19,850,947$4,276,588$2,482,924$18,116,852
56$21,782,536$4,392,934$2,472,895$19,816,396
57$23,908,212$4,512,045$2,459,594$21,685,148
58$26,247,678$4,633,964$2,442,819$23,740,257
59$28,822,646$4,758,733$2,422,358$26,000,617
60$31,657,038$4,886,393$2,397,990$28,487,048
61$34,777,215$5,016,985$2,369,481$31,222,491
62$38,212,221$5,150,547$2,336,589$34,232,223
63$41,994,061$5,287,117$2,299,058$37,544,098
64$46,158,001$5,426,732$2,256,622$41,188,805
65$50,742,900$5,569,424$2,209,002$45,200,165
66$55,791,577$5,715,227$2,155,905$49,615,441
67$61,351,216$5,864,171$2,097,025$54,475,697
68$67,473,808$6,016,284$2,032,044$59,826,180
69$74,216,644$6,171,590$1,960,626$65,716,750
70$81,642,857$6,330,112$1,882,421$72,202,351
71$89,822,010$6,491,870$1,797,064$79,343,526
72$98,830,762$6,656,878$1,704,172$87,206,989
73$108,753,584$6,825,150$1,603,346$95,866,259
74$119,683,559$6,996,692$1,494,169$105,402,346
75$131,723,261$7,171,509$1,376,202$115,904,524
76$144,985,720$7,349,599$1,248,991$127,471,165
77$159,595,491$7,530,957$1,112,059$140,210,676
78$175,689,826$7,715,569$964,909$154,242,513
79$193,419,975$7,903,419$807,020$169,698,316
80$212,952,608$8,094,481$637,851$186,723,148
81$234,471,389$8,288,726$456,833$205,476,863
82$258,178,710$8,486,113$263,377$226,135,619
83$284,297,602$8,686,596$56,863$248,893,535
84$313,073,838$8,890,119$0$273,964,530
85$344,778,253$9,096,619$0$301,594,803
86$379,709,301$9,306,020$0$332,038,226
87$418,195,872$9,518,237$0$365,577,465
88$460,600,394$9,733,174$0$402,528,029
89$507,322,256$9,950,721$0$443,237,600
90$558,801,578$10,170,758$0$488,089,319
91$615,523,363$10,393,149$0$537,505,399
92$678,022,076$10,617,744$0$591,951,112
93$746,886,692$10,844,378$0$651,939,180
94$822,766,249$11,072,866$0$718,034,616
95$906,375,979$11,303,010$0$790,860,055
96$998,504,061$11,534,589$0$871,101,634
97$1,100,019,055$11,767,364$0$959,515,468
98$1,211,878,108$12,001,074$0$1,056,934,789
99$1,335,135,983$12,235,435$0$1,164,277,808
100$1,470,955,020$12,470,138$0$1,282,556,387