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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$168,461$166,961$165,497$164,068$162,672$159,846
2 years$83,397$81,843$80,338$78,879$77,463$74,625
3 years$55,046$53,486$51,984$50,538$49,146$46,384
4 years$40,873$39,318$37,831$36,410$35,051$32,387
5 years$32,371$30,825$29,359$27,966$26,645$24,086
6 years$26,705$25,171$23,726$22,365$21,084$18,633
7 years$22,660$21,139$19,716$18,387$17,147$14,805
8 years$19,627$18,120$16,721$15,425$14,225$11,991
9 years$17,270$15,777$14,402$13,138$11,979$9,853
10 years$15,385$13,906$12,556$11,326$10,207$8,186
11 years$13,844$12,380$11,054$9,857$8,778$6,861
12 years$12,560$11,112$9,810$8,646$7,607$5,790
13 years$11,475$10,042$8,765$7,633$6,634$4,914
14 years$10,546$9,128$7,875$6,775$5,815$4,190
15 years$9,741$8,338$7,110$6,043$5,120$3,587
16 years$9,038$7,650$6,446$5,410$4,525$3,080
17 years$8,418$7,045$5,866$4,861$4,012$2,653
18 years$7,867$6,510$5,355$4,381$3,567$2,289
19 years$7,376$6,034$4,902$3,959$3,180$1,980
20 years$6,933$5,607$4,499$3,585$2,840$1,715
21 years$6,534$5,223$4,138$3,254$2,542$1,488
22 years$6,171$4,875$3,814$2,958$2,278$1,292
23 years$5,840$4,560$3,522$2,694$2,045$1,124
24 years$5,538$4,272$3,257$2,457$1,838$978
25 years$5,259$4,009$3,016$2,244$1,654$852
26 years$5,003$3,768$2,798$2,052$1,490$742
27 years$4,766$3,546$2,598$1,878$1,343$647
28 years$4,547$3,341$2,415$1,721$1,212$565
29 years$4,343$3,152$2,247$1,578$1,094$493
30 years$4,153$2,977$2,093$1,448$989$431
31 years$3,975$2,814$1,952$1,330$894$376
32 years$3,809$2,663$1,821$1,222$809$329
33 years$3,653$2,522$1,700$1,124$732$287
34 years$3,507$2,390$1,589$1,034$663$251
35 years$3,370$2,267$1,485$952$600$220
36 years$3,240$2,152$1,389$877$544$192
37 years$3,118$2,044$1,300$808$493$168
38 years$3,002$1,942$1,218$745$447$147
39 years$2,893$1,847$1,141$687$405$129
40 years$2,789$1,757$1,069$633$368$113
41 years$2,691$1,673$1,003$584$333$99
42 years$2,597$1,593$941$539$303$86
43 years$2,508$1,518$883$498$275$75
44 years$2,424$1,447$828$460$249$66
45 years$2,343$1,380$778$424$226$58
46 years$2,266$1,316$731$392$205$51
47 years$2,193$1,256$686$362$187$44
48 years$2,123$1,199$645$335$169$39
49 years$2,056$1,145$606$309$154$34
50 years$1,992$1,094$570$286$140$30

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 $6,378 every year, while hoping to spend $22,189 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: 64/9/27 Blend
29$2,040,000$2,040,000$2,040,000$2,040,000
30$2,254,659$2,146,539$2,114,919$2,382,460
31$2,461,025$2,228,110$2,162,160$2,551,266
32$2,687,697$2,312,935$2,210,240$2,732,617
33$2,936,723$2,401,149$2,259,163$2,930,290
34$3,210,357$2,492,895$2,308,934$3,145,891
35$3,511,087$2,588,319$2,359,556$3,381,189
36$3,841,648$2,687,578$2,411,032$3,638,129
37$4,205,059$2,790,832$2,463,364$3,918,855
38$4,604,642$2,898,249$2,516,553$4,225,727
39$5,044,058$3,010,006$2,570,601$4,561,343
40$5,527,341$3,126,286$2,625,505$4,928,567
41$6,058,937$3,247,280$2,681,266$5,330,551
42$6,643,740$3,373,190$2,737,881$5,770,767
43$7,287,148$3,504,222$2,795,346$6,253,038
44$7,995,105$3,640,596$2,853,658$6,781,577
45$8,774,160$3,782,540$2,912,810$7,361,024
46$9,631,530$3,930,291$2,972,795$7,996,488
47$10,575,169$4,084,097$3,033,606$8,693,600
48$11,613,837$4,244,219$3,095,232$9,458,562
49$12,757,189$4,410,926$3,157,663$10,298,204
50$14,015,863$4,584,502$3,220,886$11,220,054
51$15,401,581$4,765,243$3,284,886$12,232,401
52$16,927,260$4,953,458$3,349,647$13,344,381
53$18,607,132$5,149,468$3,415,152$14,566,058
54$20,456,879$5,353,612$3,481,379$15,908,517
55$22,493,783$5,566,241$3,548,307$17,383,974
56$24,736,885$5,787,724$3,615,912$19,005,888
57$27,207,169$6,018,444$3,684,167$20,789,085
58$29,927,757$6,258,804$3,753,043$22,749,904
59$32,924,126$6,509,223$3,822,508$24,906,345
60$36,224,352$6,770,141$3,892,528$27,278,240
61$39,859,374$7,042,016$3,963,065$29,887,443
62$43,863,282$7,325,327$4,034,080$32,758,031
63$48,273,644$7,620,575$4,105,529$35,916,536
64$53,131,857$7,928,283$4,177,365$39,392,191
65$58,483,537$8,249,000$4,249,538$43,217,205
66$64,378,954$8,583,298$4,321,994$47,427,073
67$70,873,502$8,931,774$4,394,675$52,060,902
68$78,028,223$9,295,054$4,467,520$57,161,786
69$85,910,382$9,673,792$4,540,462$62,777,210
70$94,594,104$10,068,671$4,613,431$68,959,499
71$104,161,073$10,480,407$4,686,352$75,766,307
72$114,701,302$10,909,747$4,759,144$83,261,169
73$126,313,982$11,357,471$4,831,722$91,514,091
74$139,108,420$11,824,399$4,903,996$100,602,217
75$153,205,068$12,311,383$4,975,869$110,610,556
76$168,736,663$12,819,320$5,047,239$121,632,778
77$185,849,479$13,349,142$5,117,998$133,772,106
78$204,704,704$13,901,828$5,188,029$147,142,284
79$225,479,968$14,478,402$5,257,212$161,868,653
80$248,371,013$15,079,932$5,325,417$178,089,331
81$273,593,545$15,707,537$5,392,507$195,956,520
82$301,385,269$16,362,390$5,458,339$215,637,938
83$332,008,133$17,045,713$5,522,759$237,318,405
84$365,750,798$17,758,788$5,585,607$261,201,584
85$402,931,366$18,502,956$5,646,712$287,511,906
86$443,900,383$19,279,618$5,705,895$316,496,687
87$489,044,146$20,090,243$5,762,965$348,428,458
88$538,788,349$20,936,365$5,817,725$383,607,545
89$593,602,104$21,819,590$5,869,962$422,364,895
90$654,002,368$22,741,600$5,919,455$465,065,205
91$720,558,824$23,704,153$5,965,972$512,110,362
92$793,899,257$24,709,090$6,009,265$563,943,236
93$874,715,483$25,758,336$6,049,077$621,051,861
94$963,769,877$26,853,909$6,085,135$683,974,039
95$1,061,902,571$27,997,917$6,117,154$753,302,419
96$1,170,039,387$29,192,569$6,144,833$829,690,090
97$1,289,200,576$30,440,176$6,167,856$913,856,743
98$1,420,510,446$31,743,157$6,185,890$1,006,595,469
99$1,565,207,983$33,104,042$6,198,589$1,108,780,240
100$1,724,658,540$34,525,484$6,205,585$1,221,374,162