Can I retire at age 30 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$168,461$166,961$165,497$164,068$162,672$159,715
2 years$83,397$81,843$80,338$78,879$77,463$74,494
3 years$55,046$53,486$51,984$50,538$49,146$46,257
4 years$40,873$39,318$37,831$36,410$35,051$32,266
5 years$32,371$30,825$29,359$27,966$26,645$23,971
6 years$26,705$25,171$23,726$22,365$21,084$18,524
7 years$22,660$21,139$19,716$18,387$17,147$14,702
8 years$19,627$18,120$16,721$15,425$14,225$11,894
9 years$17,270$15,777$14,402$13,138$11,979$9,761
10 years$15,385$13,906$12,556$11,326$10,207$8,100
11 years$13,844$12,380$11,054$9,857$8,778$6,780
12 years$12,560$11,112$9,810$8,646$7,607$5,714
13 years$11,475$10,042$8,765$7,633$6,634$4,844
14 years$10,546$9,128$7,875$6,775$5,815$4,125
15 years$9,741$8,338$7,110$6,043$5,120$3,526
16 years$9,038$7,650$6,446$5,410$4,525$3,024
17 years$8,418$7,045$5,866$4,861$4,012$2,600
18 years$7,867$6,510$5,355$4,381$3,567$2,241
19 years$7,376$6,034$4,902$3,959$3,180$1,935
20 years$6,933$5,607$4,499$3,585$2,840$1,674
21 years$6,534$5,223$4,138$3,254$2,542$1,450
22 years$6,171$4,875$3,814$2,958$2,278$1,257
23 years$5,840$4,560$3,522$2,694$2,045$1,092
24 years$5,538$4,272$3,257$2,457$1,838$948
25 years$5,259$4,009$3,016$2,244$1,654$825
26 years$5,003$3,768$2,798$2,052$1,490$718
27 years$4,766$3,546$2,598$1,878$1,343$625
28 years$4,547$3,341$2,415$1,721$1,212$544
29 years$4,343$3,152$2,247$1,578$1,094$474
30 years$4,153$2,977$2,093$1,448$989$414
31 years$3,975$2,814$1,952$1,330$894$361
32 years$3,809$2,663$1,821$1,222$809$315
33 years$3,653$2,522$1,700$1,124$732$275
34 years$3,507$2,390$1,589$1,034$663$240
35 years$3,370$2,267$1,485$952$600$209
36 years$3,240$2,152$1,389$877$544$183
37 years$3,118$2,044$1,300$808$493$160
38 years$3,002$1,942$1,218$745$447$139
39 years$2,893$1,847$1,141$687$405$122
40 years$2,789$1,757$1,069$633$368$106
41 years$2,691$1,673$1,003$584$333$93
42 years$2,597$1,593$941$539$303$81
43 years$2,508$1,518$883$498$275$71
44 years$2,424$1,447$828$460$249$62
45 years$2,343$1,380$778$424$226$54
46 years$2,266$1,316$731$392$205$47
47 years$2,193$1,256$686$362$187$41
48 years$2,123$1,199$645$335$169$36
49 years$2,056$1,145$606$309$154$32
50 years$1,992$1,094$570$286$140$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,040,000, adding $2,047 every year, while hoping to spend $24,617 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: 79/9/12 Blend
29$2,040,000$2,040,000$2,040,000$2,040,000
30$2,250,191$2,142,071$2,110,451$2,422,755
31$2,453,519$2,220,841$2,154,959$2,615,243
32$2,676,760$2,302,645$2,200,133$2,822,992
33$2,921,921$2,387,606$2,245,969$3,050,206
34$3,191,211$2,475,852$2,292,463$3,298,820
35$3,487,063$2,567,517$2,339,609$3,570,964
36$3,812,158$2,662,740$2,387,400$3,868,985
37$4,169,448$2,761,665$2,435,828$4,195,467
38$4,562,189$2,864,443$2,484,886$4,553,255
39$4,993,964$2,971,233$2,534,561$4,945,484
40$5,468,723$3,082,198$2,584,843$5,375,605
41$5,990,816$3,197,509$2,635,719$5,847,423
42$6,565,038$3,317,346$2,687,175$6,365,124
43$7,196,671$3,441,894$2,739,193$6,933,324
44$7,891,532$3,571,348$2,791,757$7,557,104
45$8,656,035$3,705,910$2,844,847$8,242,063
46$9,497,243$3,845,792$2,898,443$8,994,368
47$10,422,941$3,991,215$2,952,519$9,820,815
48$11,441,704$4,142,408$3,007,052$10,728,888
49$12,562,984$4,299,612$3,062,015$11,726,834
50$13,797,192$4,463,077$3,117,376$12,823,739
51$15,155,803$4,633,065$3,173,105$14,029,610
52$16,651,457$4,809,848$3,229,166$15,355,476
53$18,298,086$4,993,710$3,285,524$16,813,487
54$20,111,038$5,184,950$3,342,136$18,417,029
55$22,107,228$5,383,876$3,398,962$20,180,850
56$24,305,293$5,590,814$3,455,954$22,121,200
57$26,725,769$5,806,099$3,513,065$24,255,985
58$29,391,285$6,030,086$3,570,240$26,604,932
59$32,326,777$6,263,142$3,627,425$29,189,778
60$35,559,724$6,505,651$3,684,559$32,034,473
61$39,120,404$6,758,015$3,741,579$35,165,407
62$43,042,180$7,020,654$3,798,418$38,611,658
63$47,361,820$7,294,003$3,855,002$42,405,267
64$52,119,837$7,578,521$3,911,256$46,581,538
65$57,360,876$7,874,684$3,967,099$51,179,372
66$63,134,133$8,182,991$4,022,444$56,241,636
67$69,493,819$8,503,962$4,077,200$61,815,563
68$76,499,673$8,838,141$4,131,271$67,953,199
69$84,217,525$9,186,095$4,184,554$74,711,897
70$92,719,917$9,548,418$4,236,941$82,154,851
71$102,086,787$9,925,729$4,288,317$90,351,701
72$112,406,225$10,318,675$4,338,562$99,379,181
73$123,775,304$10,727,934$4,387,547$109,321,848
74$136,300,993$11,154,211$4,435,138$120,272,880
75$150,101,172$11,598,245$4,481,192$132,334,951
76$165,305,739$12,060,806$4,525,560$145,621,204
77$182,057,841$12,542,703$4,568,083$160,256,315
78$200,515,221$13,044,776$4,608,594$176,377,672
79$220,851,710$13,567,906$4,646,919$194,136,669
80$243,258,865$14,113,013$4,682,871$213,700,138
81$267,947,778$14,681,060$4,716,256$235,251,917
82$295,151,070$15,273,051$4,746,869$258,994,593
83$325,125,086$15,890,037$4,774,496$285,151,404
84$358,152,313$16,533,117$4,798,909$313,968,356
85$394,544,047$17,203,438$4,819,871$345,716,537
86$434,643,334$17,902,201$4,837,132$380,694,678
87$478,828,207$18,630,661$4,850,428$419,231,971
88$527,515,250$19,390,130$4,859,484$461,691,179
89$581,163,539$20,181,980$4,864,010$508,472,057
90$640,278,968$21,007,645$4,863,702$560,015,124
91$705,419,029$21,868,625$4,858,242$616,805,823
92$777,198,071$22,766,489$4,847,294$679,379,103
93$856,293,104$23,702,877$4,830,508$748,324,467
94$943,450,186$24,679,504$4,807,516$824,291,534
95$1,039,491,470$25,698,163$4,777,932$907,996,175
96$1,145,322,959$26,760,733$4,741,352$1,000,227,268
97$1,261,943,066$27,869,173$4,697,352$1,101,854,143
98$1,390,452,034$29,025,539$4,645,489$1,213,834,789
99$1,532,062,326$30,231,975$4,585,298$1,337,224,899
100$1,688,110,071$31,490,729$4,516,293$1,473,187,831