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%12.8%
1 years$167,636$166,142$164,685$163,264$161,875$159,985
2 years$82,988$81,442$79,944$78,492$77,083$75,181
3 years$54,776$53,223$51,729$50,291$48,905$47,049
4 years$40,672$39,125$37,646$36,232$34,879$33,085
5 years$32,213$30,674$29,215$27,829$26,515$24,786
6 years$26,575$25,048$23,610$22,255$20,980$19,320
7 years$22,549$21,035$19,620$18,297$17,063$15,471
8 years$19,531$18,031$16,639$15,349$14,155$12,633
9 years$17,185$15,699$14,331$13,074$11,921$10,467
10 years$15,310$13,838$12,494$11,270$10,157$8,770
11 years$13,776$12,319$11,000$9,808$8,735$7,415
12 years$12,499$11,057$9,762$8,603$7,570$6,314
13 years$11,419$9,992$8,722$7,595$6,601$5,408
14 years$10,494$9,083$7,837$6,742$5,786$4,655
15 years$9,694$8,297$7,075$6,013$5,095$4,023
16 years$8,994$7,613$6,415$5,384$4,503$3,489
17 years$8,377$7,011$5,837$4,837$3,993$3,034
18 years$7,829$6,478$5,329$4,359$3,550$2,645
19 years$7,339$6,004$4,878$3,939$3,164$2,311
20 years$6,899$5,579$4,477$3,568$2,826$2,023
21 years$6,502$5,197$4,118$3,238$2,529$1,774
22 years$6,141$4,851$3,795$2,944$2,267$1,557
23 years$5,812$4,537$3,504$2,681$2,035$1,369
24 years$5,510$4,251$3,241$2,445$1,829$1,204
25 years$5,234$3,989$3,002$2,233$1,646$1,060
26 years$4,979$3,749$2,784$2,042$1,483$935
27 years$4,743$3,529$2,585$1,869$1,337$824
28 years$4,524$3,325$2,403$1,712$1,206$727
29 years$4,321$3,137$2,236$1,570$1,089$642
30 years$4,132$2,962$2,083$1,441$984$567
31 years$3,956$2,800$1,942$1,324$890$501
32 years$3,790$2,650$1,812$1,216$805$443
33 years$3,635$2,509$1,692$1,119$728$392
34 years$3,490$2,378$1,581$1,029$659$347
35 years$3,353$2,256$1,478$947$597$307
36 years$3,224$2,141$1,383$873$541$272
37 years$3,102$2,034$1,294$804$490$240
38 years$2,987$1,933$1,212$741$445$213
39 years$2,878$1,838$1,135$683$403$188
40 years$2,775$1,748$1,064$630$366$167
41 years$2,677$1,664$998$581$332$148
42 years$2,584$1,585$936$537$301$131
43 years$2,496$1,510$878$495$273$116
44 years$2,412$1,440$824$457$248$103
45 years$2,332$1,373$774$422$225$91
46 years$2,255$1,310$727$390$204$81
47 years$2,182$1,250$683$360$186$71
48 years$2,113$1,193$642$333$169$63
49 years$2,046$1,139$603$308$153$56
50 years$1,982$1,088$567$285$139$50

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 $3,054 every year, while hoping to spend $40,058 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: 54/36/10 Blend
29$2,030,000$2,030,000$2,030,000$2,030,000
30$2,240,210$2,132,620$2,101,155$2,355,382
31$2,426,090$2,194,497$2,128,922$2,495,714
32$2,629,587$2,258,064$2,156,277$2,643,746
33$2,852,457$2,323,360$2,183,164$2,803,913
34$3,096,630$2,390,427$2,209,523$2,977,376
35$3,364,235$2,459,307$2,235,291$3,165,410
36$3,657,616$2,530,043$2,260,402$3,369,418
37$3,979,355$2,602,676$2,284,787$3,590,947
38$4,332,293$2,677,252$2,308,372$3,831,697
39$4,719,564$2,753,813$2,331,079$4,093,540
40$5,144,615$2,832,406$2,352,825$4,378,538
41$5,611,246$2,913,074$2,373,526$4,688,959
42$6,123,643$2,995,865$2,393,089$5,027,302
43$6,686,416$3,080,824$2,411,419$5,396,319
44$7,304,644$3,167,998$2,428,415$5,799,039
45$7,983,923$3,257,434$2,443,971$6,238,800
46$8,730,415$3,349,180$2,457,976$6,719,274
47$9,550,911$3,443,284$2,470,312$7,244,510
48$10,452,892$3,539,794$2,480,857$7,818,965
49$11,444,602$3,638,758$2,489,479$8,447,548
50$12,535,119$3,740,225$2,496,045$9,135,668
51$13,734,449$3,844,243$2,500,410$9,889,282
52$15,053,613$3,950,862$2,502,425$10,714,952
53$16,504,758$4,060,131$2,501,932$11,619,908
54$18,101,263$4,172,097$2,498,767$12,612,115
55$19,857,872$4,286,810$2,492,755$13,700,345
56$21,790,829$4,404,317$2,483,717$14,894,265
57$23,918,032$4,524,667$2,471,460$16,204,525
58$26,259,203$4,647,908$2,455,785$17,642,858
59$28,836,071$4,774,085$2,436,484$19,222,192
60$31,672,581$4,903,246$2,413,336$20,956,769
61$34,795,114$5,035,435$2,386,113$22,862,284
62$38,232,742$5,170,697$2,354,574$24,956,027
63$42,017,496$5,309,076$2,318,467$27,257,051
64$46,184,673$5,450,613$2,277,528$29,786,350
65$50,773,166$5,595,349$2,231,481$32,567,054
66$55,825,832$5,743,324$2,180,038$35,624,651
67$61,389,894$5,894,574$2,122,897$38,987,228
68$67,517,390$6,049,135$2,059,741$42,685,732
69$74,265,660$6,207,039$1,990,239$46,754,263
70$81,697,892$6,368,319$1,914,047$51,230,398
71$89,883,711$6,533,000$1,830,801$56,155,545
72$98,899,842$6,701,110$1,740,125$61,575,330
73$108,830,830$6,872,668$1,641,623$67,540,034
74$119,769,839$7,047,693$1,534,882$74,105,060
75$131,819,533$7,226,200$1,419,471$81,331,463
76$145,093,040$7,408,199$1,294,938$89,286,521
77$159,715,024$7,593,695$1,160,813$98,044,372
78$175,822,860$7,782,689$1,016,603$107,686,716
79$193,567,926$7,975,176$861,794$118,303,580
80$213,117,041$8,171,145$695,850$129,994,176
81$234,654,029$8,370,581$518,211$142,867,829
82$258,381,459$8,573,459$328,290$157,045,016
83$284,522,558$8,779,748$125,478$172,658,501
84$313,323,314$8,989,411$0$189,854,585
85$345,054,800$9,202,400$0$208,804,199
86$380,015,731$9,418,660$0$229,690,223
87$418,535,286$9,638,124$0$252,695,116
88$460,976,211$9,860,718$0$278,034,714
89$507,738,245$10,086,354$0$305,946,860
90$559,261,895$10,314,934$0$336,693,653
91$616,032,588$10,546,346$0$370,563,919
92$678,585,261$10,780,466$0$407,875,941
93$747,509,403$11,017,154$0$448,980,460
94$823,454,623$11,256,256$0$494,263,985
95$907,136,783$11,497,600$0$544,152,448
96$999,344,751$11,740,999$0$599,115,216
97$1,100,947,852$11,986,245$0$659,669,529
98$1,212,904,073$12,233,111$0$726,385,380
99$1,336,269,104$12,481,348$0$799,890,894
100$1,472,206,306$12,730,687$0$880,878,263