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%15.7%
1 years$168,461$166,961$165,497$164,068$162,672$158,869
2 years$83,397$81,843$80,338$78,879$77,463$73,653
3 years$55,046$53,486$51,984$50,538$49,146$45,448
4 years$40,873$39,318$37,831$36,410$35,051$31,494
5 years$32,371$30,825$29,359$27,966$26,645$23,239
6 years$26,705$25,171$23,726$22,365$21,084$17,831
7 years$22,660$21,139$19,716$18,387$17,147$14,049
8 years$19,627$18,120$16,721$15,425$14,225$11,280
9 years$17,270$15,777$14,402$13,138$11,979$9,186
10 years$15,385$13,906$12,556$11,326$10,207$7,561
11 years$13,844$12,380$11,054$9,857$8,778$6,277
12 years$12,560$11,112$9,810$8,646$7,607$5,246
13 years$11,475$10,042$8,765$7,633$6,634$4,408
14 years$10,546$9,128$7,875$6,775$5,815$3,721
15 years$9,741$8,338$7,110$6,043$5,120$3,152
16 years$9,038$7,650$6,446$5,410$4,525$2,679
17 years$8,418$7,045$5,866$4,861$4,012$2,282
18 years$7,867$6,510$5,355$4,381$3,567$1,948
19 years$7,376$6,034$4,902$3,959$3,180$1,666
20 years$6,933$5,607$4,499$3,585$2,840$1,427
21 years$6,534$5,223$4,138$3,254$2,542$1,224
22 years$6,171$4,875$3,814$2,958$2,278$1,051
23 years$5,840$4,560$3,522$2,694$2,045$903
24 years$5,538$4,272$3,257$2,457$1,838$777
25 years$5,259$4,009$3,016$2,244$1,654$668
26 years$5,003$3,768$2,798$2,052$1,490$576
27 years$4,766$3,546$2,598$1,878$1,343$496
28 years$4,547$3,341$2,415$1,721$1,212$428
29 years$4,343$3,152$2,247$1,578$1,094$369
30 years$4,153$2,977$2,093$1,448$989$318
31 years$3,975$2,814$1,952$1,330$894$274
32 years$3,809$2,663$1,821$1,222$809$237
33 years$3,653$2,522$1,700$1,124$732$204
34 years$3,507$2,390$1,589$1,034$663$176
35 years$3,370$2,267$1,485$952$600$152
36 years$3,240$2,152$1,389$877$544$132
37 years$3,118$2,044$1,300$808$493$114
38 years$3,002$1,942$1,218$745$447$98
39 years$2,893$1,847$1,141$687$405$85
40 years$2,789$1,757$1,069$633$368$73
41 years$2,691$1,673$1,003$584$333$63
42 years$2,597$1,593$941$539$303$55
43 years$2,508$1,518$883$498$275$47
44 years$2,424$1,447$828$460$249$41
45 years$2,343$1,380$778$424$226$35
46 years$2,266$1,316$731$392$205$30
47 years$2,193$1,256$686$362$187$26
48 years$2,123$1,199$645$335$169$23
49 years$2,056$1,145$606$309$154$20
50 years$1,992$1,094$570$286$140$17

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 $4,676 every year, while hoping to spend $37,857 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: 54/29/17 Blend
29$2,040,000$2,040,000$2,040,000$2,040,000
30$2,252,903$2,144,783$2,113,163$2,364,033
31$2,442,420$2,209,598$2,143,675$2,505,270
32$2,649,998$2,276,320$2,173,939$2,654,506
33$2,877,441$2,345,003$2,203,909$2,816,110
34$3,126,733$2,415,701$2,233,533$2,991,272
35$3,400,060$2,488,470$2,262,757$3,181,300
36$3,699,830$2,563,369$2,291,523$3,387,634
37$4,028,695$2,640,457$2,319,771$3,611,860
38$4,389,576$2,719,793$2,347,438$3,855,723
39$4,785,690$2,801,441$2,374,455$4,121,145
40$5,220,582$2,885,463$2,400,750$4,410,243
41$5,698,156$2,971,924$2,426,249$4,725,346
42$6,222,711$3,060,893$2,450,873$5,069,020
43$6,798,987$3,152,436$2,474,536$5,444,090
44$7,432,202$3,246,623$2,497,152$5,853,668
45$8,128,107$3,343,527$2,518,626$6,301,181
46$8,893,034$3,443,221$2,538,861$6,790,404
47$9,733,964$3,545,779$2,557,753$7,325,494
48$10,658,585$3,651,279$2,575,194$7,911,032
49$11,675,368$3,759,799$2,591,070$8,552,063
50$12,793,644$3,871,418$2,605,260$9,254,142
51$14,023,698$3,986,220$2,617,639$10,023,393
52$15,376,859$4,104,287$2,628,072$10,866,559
53$16,865,607$4,225,707$2,636,422$11,791,070
54$18,503,698$4,350,565$2,642,541$12,805,111
55$20,306,285$4,478,953$2,646,276$13,917,702
56$22,290,065$4,610,960$2,647,465$15,138,777
57$24,473,436$4,746,681$2,645,939$16,479,283
58$26,876,668$4,886,210$2,641,520$17,951,281
59$29,522,099$5,029,645$2,634,021$19,568,061
60$32,434,340$5,177,085$2,623,248$21,344,264
61$35,640,510$5,328,630$2,608,995$23,296,023
62$39,170,493$5,484,384$2,591,047$25,441,115
63$43,057,216$5,644,451$2,569,180$27,799,127
64$47,336,961$5,808,939$2,543,156$30,391,641
65$52,049,710$5,977,955$2,512,731$33,242,439
66$57,239,517$6,151,611$2,477,644$36,377,726
67$62,954,927$6,330,020$2,437,624$39,826,377
68$69,249,434$6,513,295$2,392,389$43,620,209
69$76,181,984$6,701,554$2,341,641$47,794,284
70$83,817,530$6,894,914$2,285,071$52,387,238
71$92,227,650$7,093,496$2,222,352$57,441,641
72$101,491,214$7,297,422$2,153,145$63,004,409
73$111,695,137$7,506,815$2,077,094$69,127,237
74$122,935,192$7,721,800$1,993,828$75,867,090
75$135,316,918$7,942,505$1,902,958$83,286,744
76$148,956,614$8,169,058$1,804,077$91,455,373
77$163,982,436$8,401,589$1,696,761$100,449,207
78$180,535,608$8,640,230$1,580,566$110,352,247
79$198,771,753$8,885,114$1,455,027$121,257,060
80$218,862,362$9,136,374$1,319,661$133,265,654
81$240,996,413$9,394,147$1,173,960$146,490,438
82$265,382,156$9,658,569$1,017,396$161,055,287
83$292,249,074$9,929,777$849,417$177,096,706
84$321,850,052$10,207,909$669,445$194,765,124
85$354,463,765$10,493,104$476,879$214,226,311
86$390,397,304$10,785,501$271,090$235,662,943
87$429,989,079$11,085,241$51,421$259,276,330
88$473,612,009$11,392,462$0$285,288,309
89$521,677,046$11,707,304$0$313,976,543
90$574,637,049$12,029,906$0$345,589,349
91$632,991,064$12,360,408$0$380,414,402
92$697,289,032$12,698,947$0$418,779,002
93$768,136,978$13,045,660$0$461,043,824
94$846,202,735$13,400,683$0$507,606,322
95$932,222,247$13,764,149$0$558,904,482
96$1,027,006,514$14,136,191$0$615,420,952
97$1,131,449,251$14,516,936$0$677,687,603
98$1,246,535,321$14,906,513$0$746,290,545
99$1,373,350,035$15,305,043$0$821,875,662
100$1,513,089,395$15,712,647$0$905,154,704