Can I retire at age 30 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$169,287$167,779$166,308$164,872$163,470$161,427
2 years$83,805$82,245$80,732$79,265$77,843$75,787
3 years$55,315$53,748$52,239$50,786$49,387$47,382
4 years$41,073$39,510$38,017$36,589$35,223$33,285
5 years$32,530$30,977$29,502$28,104$26,776$24,911
6 years$26,836$25,295$23,842$22,475$21,187$19,396
7 years$22,771$21,242$19,813$18,478$17,231$15,515
8 years$19,724$18,209$16,803$15,500$14,294$12,654
9 years$17,355$15,854$14,472$13,203$12,038$10,472
10 years$15,460$13,974$12,617$11,381$10,257$8,764
11 years$13,912$12,441$11,108$9,905$8,821$7,400
12 years$12,622$11,166$9,858$8,688$7,644$6,293
13 years$11,532$10,091$8,808$7,670$6,666$5,384
14 years$10,598$9,172$7,914$6,809$5,843$4,628
15 years$9,789$8,379$7,145$6,072$5,145$3,994
16 years$9,082$7,688$6,478$5,437$4,547$3,459
17 years$8,459$7,080$5,895$4,885$4,032$3,004
18 years$7,906$6,542$5,381$4,402$3,585$2,615
19 years$7,412$6,063$4,926$3,978$3,195$2,282
20 years$6,967$5,634$4,521$3,603$2,854$1,994
21 years$6,566$5,248$4,158$3,270$2,554$1,746
22 years$6,201$4,899$3,833$2,973$2,289$1,530
23 years$5,869$4,582$3,539$2,708$2,055$1,343
24 years$5,565$4,293$3,273$2,469$1,847$1,180
25 years$5,285$4,029$3,031$2,255$1,662$1,037
26 years$5,028$3,786$2,811$2,062$1,497$913
27 years$4,790$3,563$2,611$1,887$1,350$804
28 years$4,569$3,358$2,427$1,729$1,218$708
29 years$4,364$3,168$2,258$1,586$1,100$624
30 years$4,173$2,992$2,104$1,455$994$551
31 years$3,995$2,828$1,961$1,337$898$486
32 years$3,828$2,676$1,830$1,228$813$429
33 years$3,671$2,534$1,708$1,130$736$379
34 years$3,524$2,402$1,596$1,039$666$334
35 years$3,386$2,278$1,492$957$603$295
36 years$3,256$2,162$1,396$881$546$261
37 years$3,133$2,054$1,307$812$495$231
38 years$3,017$1,952$1,224$748$449$204
39 years$2,907$1,856$1,146$690$407$180
40 years$2,803$1,766$1,075$636$369$159
41 years$2,704$1,681$1,008$587$335$141
42 years$2,610$1,601$945$542$304$125
43 years$2,521$1,525$887$500$276$110
44 years$2,436$1,454$833$462$250$97
45 years$2,355$1,386$782$427$227$86
46 years$2,277$1,322$734$394$206$76
47 years$2,204$1,262$690$364$187$67
48 years$2,133$1,205$648$336$170$60
49 years$2,066$1,150$609$311$155$53
50 years$2,002$1,099$573$287$140$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,050,000, adding $4,556 every year, while hoping to spend $39,072 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: 61/28/11 Blend
29$2,050,000$2,050,000$2,050,000$2,050,000
30$2,263,800$2,155,150$2,123,375$2,395,803
31$2,453,135$2,219,180$2,152,935$2,548,930
32$2,660,473$2,285,037$2,182,177$2,711,079
33$2,887,608$2,352,772$2,211,047$2,887,049
34$3,136,518$2,422,432$2,239,491$3,078,177
35$3,409,380$2,494,068$2,267,451$3,285,934
36$3,708,591$2,567,731$2,294,865$3,511,940
37$4,036,793$2,643,475$2,321,668$3,757,980
38$4,396,893$2,721,353$2,347,792$4,026,017
39$4,792,097$2,801,420$2,373,164$4,318,212
40$5,225,934$2,883,733$2,397,707$4,636,946
41$5,702,290$2,968,347$2,421,342$4,984,840
42$6,225,449$3,055,321$2,443,982$5,364,781
43$6,800,129$3,144,716$2,465,539$5,779,946
44$7,431,526$3,236,591$2,485,918$6,233,837
45$8,125,365$3,331,007$2,505,021$6,730,310
46$8,887,955$3,428,029$2,522,741$7,273,611
47$9,726,243$3,527,720$2,538,970$7,868,417
48$10,647,886$3,630,144$2,553,592$8,519,882
49$11,661,318$3,735,369$2,566,485$9,233,680
50$12,775,832$3,843,461$2,577,521$10,016,064
51$14,001,665$3,954,489$2,586,566$10,873,921
52$15,350,098$4,068,522$2,593,480$11,814,838
53$16,833,560$4,185,631$2,598,113$12,847,175
54$18,465,744$4,305,888$2,600,310$13,980,139
55$20,261,738$4,429,365$2,599,909$15,223,877
56$22,238,167$4,556,135$2,596,738$16,589,567
57$24,413,349$4,686,274$2,590,617$18,089,522
58$26,807,465$4,819,857$2,581,358$19,737,312
59$29,442,757$4,956,960$2,568,763$21,547,887
60$32,343,727$5,097,660$2,552,626$23,537,717
61$35,537,378$5,242,036$2,532,729$25,724,953
62$39,053,460$5,390,165$2,508,845$28,129,592
63$42,924,758$5,542,128$2,480,736$30,773,667
64$47,187,395$5,698,004$2,448,153$33,681,458
65$51,881,177$5,857,874$2,410,834$36,879,717
66$57,049,965$6,021,819$2,368,505$40,397,921
67$62,742,093$6,189,919$2,320,882$44,268,552
68$69,010,819$6,362,257$2,267,663$48,527,402
69$75,914,828$6,538,914$2,208,536$53,213,910
70$83,518,792$6,719,972$2,143,173$58,371,535
71$91,893,970$6,905,512$2,071,231$64,048,165
72$101,118,889$7,095,616$1,992,351$70,296,570
73$111,280,079$7,290,364$1,906,158$77,174,899
74$122,472,892$7,489,838$1,812,260$84,747,231
75$134,802,404$7,694,116$1,710,247$93,084,174
76$148,384,400$7,903,279$1,599,691$102,263,538
77$163,346,472$8,117,403$1,480,144$112,371,065
78$179,829,222$8,336,565$1,351,138$123,501,240
79$197,987,586$8,560,841$1,212,186$135,758,181
80$217,992,301$8,790,303$1,062,775$149,256,624
81$240,031,512$9,025,024$902,374$164,123,006
82$264,312,547$9,265,071$730,425$180,496,654
83$291,063,880$9,510,513$546,347$198,531,106
84$320,537,279$9,761,412$349,533$218,395,557
85$353,010,189$10,017,828$139,350$240,276,456
86$388,788,347$10,279,820$0$264,379,268
87$428,208,666$10,547,439$0$290,940,382
88$471,642,421$10,820,735$0$320,217,440
89$519,498,748$11,099,751$0$352,469,111
90$572,228,508$11,384,526$0$387,998,485
91$630,328,541$11,675,093$0$427,139,556
92$694,346,358$11,971,478$0$470,260,381
93$764,885,308$12,273,702$0$517,766,548
94$842,610,273$12,581,777$0$570,105,007
95$928,253,945$12,895,708$0$627,768,288
96$1,022,623,740$13,215,490$0$691,299,154
97$1,126,609,422$13,541,111$0$761,295,716
98$1,241,191,503$13,872,545$0$838,417,086
99$1,367,450,496$14,209,759$0$923,389,596
100$1,506,577,116$14,552,707$0$1,017,013,656