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%11.8%
1 years$167,636$166,142$164,685$163,264$161,875$160,653
2 years$82,988$81,442$79,944$78,492$77,083$75,851
3 years$54,776$53,223$51,729$50,291$48,905$47,701
4 years$40,672$39,125$37,646$36,232$34,879$33,713
5 years$32,213$30,674$29,215$27,829$26,515$25,389
6 years$26,575$25,048$23,610$22,255$20,980$19,897
7 years$22,549$21,035$19,620$18,297$17,063$16,022
8 years$19,531$18,031$16,639$15,349$14,155$13,157
9 years$17,185$15,699$14,331$13,074$11,921$10,965
10 years$15,310$13,838$12,494$11,270$10,157$9,244
11 years$13,776$12,319$11,000$9,808$8,735$7,863
12 years$12,499$11,057$9,762$8,603$7,570$6,738
13 years$11,419$9,992$8,722$7,595$6,601$5,809
14 years$10,494$9,083$7,837$6,742$5,786$5,033
15 years$9,694$8,297$7,075$6,013$5,095$4,379
16 years$8,994$7,613$6,415$5,384$4,503$3,824
17 years$8,377$7,011$5,837$4,837$3,993$3,349
18 years$7,829$6,478$5,329$4,359$3,550$2,941
19 years$7,339$6,004$4,878$3,939$3,164$2,588
20 years$6,899$5,579$4,477$3,568$2,826$2,282
21 years$6,502$5,197$4,118$3,238$2,529$2,015
22 years$6,141$4,851$3,795$2,944$2,267$1,783
23 years$5,812$4,537$3,504$2,681$2,035$1,579
24 years$5,510$4,251$3,241$2,445$1,829$1,400
25 years$5,234$3,989$3,002$2,233$1,646$1,243
26 years$4,979$3,749$2,784$2,042$1,483$1,104
27 years$4,743$3,529$2,585$1,869$1,337$981
28 years$4,524$3,325$2,403$1,712$1,206$873
29 years$4,321$3,137$2,236$1,570$1,089$777
30 years$4,132$2,962$2,083$1,441$984$692
31 years$3,956$2,800$1,942$1,324$890$617
32 years$3,790$2,650$1,812$1,216$805$550
33 years$3,635$2,509$1,692$1,119$728$490
34 years$3,490$2,378$1,581$1,029$659$437
35 years$3,353$2,256$1,478$947$597$390
36 years$3,224$2,141$1,383$873$541$348
37 years$3,102$2,034$1,294$804$490$311
38 years$2,987$1,933$1,212$741$445$278
39 years$2,878$1,838$1,135$683$403$248
40 years$2,775$1,748$1,064$630$366$221
41 years$2,677$1,664$998$581$332$198
42 years$2,584$1,585$936$537$301$177
43 years$2,496$1,510$878$495$273$158
44 years$2,412$1,440$824$457$248$141
45 years$2,332$1,373$774$422$225$126
46 years$2,255$1,310$727$390$204$113
47 years$2,182$1,250$683$360$186$101
48 years$2,113$1,193$642$333$169$90
49 years$2,046$1,139$603$308$153$81
50 years$1,982$1,088$567$285$139$72

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 $4,328 every year, while hoping to spend $46,935 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: 52/35/13 Blend
29$2,030,000$2,030,000$2,030,000$2,030,000
30$2,241,524$2,133,934$2,102,469$2,350,102
31$2,420,221$2,188,559$2,122,964$2,479,366
32$2,615,572$2,244,286$2,142,571$2,614,522
33$2,829,227$2,301,122$2,161,213$2,760,448
34$3,063,000$2,359,069$2,178,806$2,918,173
35$3,318,892$2,418,130$2,195,262$3,088,833
36$3,599,103$2,478,303$2,210,488$3,273,676
37$3,906,060$2,539,587$2,224,387$3,474,080
38$4,242,431$2,601,980$2,236,857$3,691,558
39$4,611,158$2,665,476$2,247,791$3,927,780
40$5,015,478$2,730,067$2,257,074$4,184,584
41$5,458,960$2,795,743$2,264,589$4,463,995
42$5,945,532$2,862,493$2,270,211$4,768,242
43$6,479,522$2,930,300$2,273,808$5,099,784
44$7,065,696$2,999,148$2,275,244$5,461,325
45$7,709,306$3,069,015$2,274,374$5,855,850
46$8,416,135$3,139,877$2,271,046$6,286,642
47$9,192,557$3,211,707$2,265,101$6,757,323
48$10,045,589$3,284,473$2,256,374$7,271,881
49$10,982,966$3,358,138$2,244,689$7,834,710
50$12,013,206$3,432,665$2,229,864$8,450,655
51$13,145,695$3,508,007$2,211,706$9,125,050
52$14,390,773$3,584,116$2,190,015$9,863,777
53$15,759,832$3,660,938$2,164,580$10,673,314
54$17,265,422$3,738,411$2,135,181$11,560,804
55$18,921,372$3,816,470$2,101,587$12,534,115
56$20,742,918$3,895,043$2,063,556$13,601,919
57$22,746,846$3,974,051$2,020,835$14,773,772
58$24,951,651$4,053,406$1,973,160$16,060,207
59$27,377,712$4,133,016$1,920,254$17,472,828
60$30,047,482$4,212,777$1,861,826$19,024,427
61$32,985,703$4,292,580$1,797,574$20,729,100
62$36,219,633$4,372,305$1,727,182$22,602,382
63$39,779,310$4,451,823$1,650,316$24,661,394
64$43,697,830$4,530,992$1,566,632$26,925,003
65$48,011,661$4,609,664$1,475,767$29,414,003
66$52,760,988$4,687,675$1,377,343$32,151,312
67$57,990,088$4,764,850$1,270,964$35,162,185
68$63,747,753$4,841,003$1,156,216$38,474,458
69$70,087,743$4,915,932$1,032,669$42,118,806
70$77,069,301$4,989,420$899,871$46,129,038
71$84,757,704$5,061,237$757,352$50,542,413
72$93,224,886$5,131,134$604,619$55,399,995
73$102,550,110$5,198,845$441,159$60,747,038
74$112,820,720$5,264,087$266,437$66,633,418
75$124,132,963$5,326,556$79,892$73,114,103
76$136,592,897$5,385,930$0$80,249,672
77$150,317,393$5,441,861$0$88,123,419
78$165,435,237$5,493,982$0$96,805,292
79$182,088,343$5,541,898$0$106,365,377
80$200,433,095$5,585,193$0$116,893,132
81$220,641,821$5,623,418$0$128,487,145
82$242,904,421$5,656,100$0$141,256,061
83$267,430,156$5,682,733$0$155,319,609
84$294,449,625$5,702,780$0$170,809,733
85$324,216,940$5,715,669$0$187,871,841
86$357,012,125$5,720,793$0$206,666,173
87$393,143,757$5,717,508$0$227,369,319
88$432,951,883$5,705,129$0$250,175,888
89$476,811,223$5,682,927$0$275,300,342
90$525,134,710$5,650,133$0$302,979,024
91$578,377,388$5,605,928$0$333,472,392
92$637,040,706$5,549,442$0$367,067,476
93$701,677,250$5,479,757$0$404,080,593
94$772,895,961$5,395,897$0$444,860,330
95$851,367,881$5,296,828$0$489,790,842
96$937,832,488$5,181,455$0$539,295,476
97$1,033,104,675$5,048,619$0$593,840,773
98$1,138,082,443$4,897,093$0$653,940,872
99$1,253,755,377$4,725,576$0$720,162,366
100$1,381,213,989$4,532,693$0$793,129,657