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%15.6%
1 years$168,461$166,961$165,497$164,068$162,672$158,934
2 years$83,397$81,843$80,338$78,879$77,463$73,717
3 years$55,046$53,486$51,984$50,538$49,146$45,509
4 years$40,873$39,318$37,831$36,410$35,051$31,552
5 years$32,371$30,825$29,359$27,966$26,645$23,294
6 years$26,705$25,171$23,726$22,365$21,084$17,883
7 years$22,660$21,139$19,716$18,387$17,147$14,098
8 years$19,627$18,120$16,721$15,425$14,225$11,326
9 years$17,270$15,777$14,402$13,138$11,979$9,229
10 years$15,385$13,906$12,556$11,326$10,207$7,602
11 years$13,844$12,380$11,054$9,857$8,778$6,314
12 years$12,560$11,112$9,810$8,646$7,607$5,281
13 years$11,475$10,042$8,765$7,633$6,634$4,441
14 years$10,546$9,128$7,875$6,775$5,815$3,751
15 years$9,741$8,338$7,110$6,043$5,120$3,180
16 years$9,038$7,650$6,446$5,410$4,525$2,704
17 years$8,418$7,045$5,866$4,861$4,012$2,305
18 years$7,867$6,510$5,355$4,381$3,567$1,969
19 years$7,376$6,034$4,902$3,959$3,180$1,685
20 years$6,933$5,607$4,499$3,585$2,840$1,445
21 years$6,534$5,223$4,138$3,254$2,542$1,240
22 years$6,171$4,875$3,814$2,958$2,278$1,065
23 years$5,840$4,560$3,522$2,694$2,045$916
24 years$5,538$4,272$3,257$2,457$1,838$789
25 years$5,259$4,009$3,016$2,244$1,654$679
26 years$5,003$3,768$2,798$2,052$1,490$586
27 years$4,766$3,546$2,598$1,878$1,343$505
28 years$4,547$3,341$2,415$1,721$1,212$436
29 years$4,343$3,152$2,247$1,578$1,094$376
30 years$4,153$2,977$2,093$1,448$989$325
31 years$3,975$2,814$1,952$1,330$894$280
32 years$3,809$2,663$1,821$1,222$809$242
33 years$3,653$2,522$1,700$1,124$732$209
34 years$3,507$2,390$1,589$1,034$663$181
35 years$3,370$2,267$1,485$952$600$156
36 years$3,240$2,152$1,389$877$544$135
37 years$3,118$2,044$1,300$808$493$117
38 years$3,002$1,942$1,218$745$447$101
39 years$2,893$1,847$1,141$687$405$87
40 years$2,789$1,757$1,069$633$368$75
41 years$2,691$1,673$1,003$584$333$65
42 years$2,597$1,593$941$539$303$56
43 years$2,508$1,518$883$498$275$49
44 years$2,424$1,447$828$460$249$42
45 years$2,343$1,380$778$424$226$36
46 years$2,266$1,316$731$392$205$32
47 years$2,193$1,256$686$362$187$27
48 years$2,123$1,199$645$335$169$24
49 years$2,056$1,145$606$309$154$20
50 years$1,992$1,094$570$286$140$18

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 $6,139 every year, while hoping to spend $50,583 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: 58/21/21 Blend
29$2,040,000$2,040,000$2,040,000$2,040,000
30$2,254,412$2,146,292$2,114,672$2,372,211
31$2,430,543$2,197,641$2,131,694$2,504,392
32$2,622,943$2,249,810$2,147,590$2,642,439
33$2,833,219$2,302,787$2,162,271$2,791,829
34$3,063,139$2,356,555$2,175,639$2,953,669
35$3,314,651$2,411,098$2,187,595$3,129,178
36$3,589,898$2,466,394$2,198,031$3,319,698
37$3,891,240$2,522,420$2,206,838$3,526,708
38$4,221,277$2,579,149$2,213,898$3,751,840
39$4,582,871$2,636,552$2,219,087$3,996,889
40$4,979,176$2,694,594$2,222,278$4,263,836
41$5,413,662$2,753,240$2,223,335$4,554,862
42$5,890,154$2,812,447$2,222,115$4,872,372
43$6,412,864$2,872,171$2,218,470$5,219,014
44$6,986,430$2,932,361$2,212,243$5,597,711
45$7,615,963$2,992,964$2,203,270$6,011,680
46$8,307,091$3,053,919$2,191,379$6,464,469
47$9,066,014$3,115,161$2,176,391$6,959,987
48$9,899,563$3,176,620$2,158,115$7,502,543
49$10,815,262$3,238,218$2,136,356$8,096,888
50$11,821,400$3,299,871$2,110,904$8,748,255
51$12,927,107$3,361,489$2,081,544$9,462,414
52$14,142,444$3,422,974$2,048,048$10,245,725
53$15,478,494$3,484,221$2,010,178$11,105,196
54$16,947,467$3,545,114$1,967,685$12,048,553
55$18,562,815$3,605,531$1,920,309$13,084,311
56$20,339,360$3,665,340$1,867,778$14,221,854
57$22,293,431$3,724,398$1,809,805$15,471,528
58$24,443,021$3,782,553$1,746,093$16,844,733
59$26,807,952$3,839,641$1,676,330$18,354,037
60$29,410,066$3,895,487$1,600,190$20,013,290
61$32,273,428$3,949,901$1,517,331$21,837,759
62$35,424,554$4,002,683$1,427,399$23,844,271
63$38,892,661$4,053,617$1,330,019$26,051,371
64$42,709,942$4,102,473$1,224,804$28,479,501
65$46,911,867$4,149,005$1,111,346$31,151,190
66$51,537,522$4,192,952$989,221$34,091,272
67$56,629,975$4,234,031$857,985$37,327,114
68$62,236,679$4,271,946$717,175$40,888,883
69$68,409,927$4,306,378$566,307$44,809,826
70$75,207,337$4,336,988$404,875$49,126,587
71$82,692,400$4,363,415$232,353$53,879,552
72$90,935,077$4,385,275$48,190$59,113,236
73$100,012,462$4,402,160$0$64,876,698
74$110,009,503$4,413,636$0$71,257,249
75$121,019,809$4,419,240$0$78,294,927
76$133,146,530$4,418,484$0$86,044,742
77$146,503,331$4,410,845$0$94,579,231
78$161,215,466$4,395,772$0$103,978,326
79$177,420,956$4,372,677$0$114,330,116
80$195,271,893$4,340,938$0$125,731,673
81$214,935,877$4,299,894$0$138,289,975
82$236,597,595$4,248,847$0$152,122,909
83$260,460,562$4,187,053$0$167,360,392
84$286,749,048$4,113,727$0$184,145,592
85$315,710,186$4,028,035$0$202,636,283
86$347,616,312$3,929,096$0$223,006,336
87$382,767,529$3,815,975$0$245,447,356
88$421,494,542$3,687,683$0$270,170,499
89$464,161,779$3,543,173$0$297,408,461
90$511,170,831$3,381,339$0$327,417,676
91$562,964,239$3,201,008$0$360,480,740
92$620,029,675$3,000,941$0$396,909,080
93$682,904,543$2,779,828$0$437,045,891
94$752,181,050$2,536,283$0$481,269,383
95$828,511,799$2,268,843$0$529,996,349
96$912,615,945$1,975,959$0$583,686,101
97$1,005,285,986$1,655,996$0$642,844,811
98$1,107,395,243$1,307,225$0$708,030,288
99$1,219,906,101$927,823$0$779,857,246
100$1,343,879,098$515,861$0$859,003,113