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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$169,287$167,779$166,308$164,872$163,470$157,170
2 years$83,805$82,245$80,732$79,265$77,843$71,571
3 years$55,315$53,748$52,239$50,786$49,387$43,340
4 years$41,073$39,510$38,017$36,589$35,223$29,448
5 years$32,530$30,977$29,502$28,104$26,776$21,287
6 years$26,836$25,295$23,842$22,475$21,187$15,988
7 years$22,771$21,242$19,813$18,478$17,231$12,320
8 years$19,724$18,209$16,803$15,500$14,294$9,668
9 years$17,355$15,854$14,472$13,203$12,038$7,688
10 years$15,460$13,974$12,617$11,381$10,257$6,175
11 years$13,912$12,441$11,108$9,905$8,821$4,999
12 years$12,622$11,166$9,858$8,688$7,644$4,072
13 years$11,532$10,091$8,808$7,670$6,666$3,332
14 years$10,598$9,172$7,914$6,809$5,843$2,738
15 years$9,789$8,379$7,145$6,072$5,145$2,256
16 years$9,082$7,688$6,478$5,437$4,547$1,864
17 years$8,459$7,080$5,895$4,885$4,032$1,543
18 years$7,906$6,542$5,381$4,402$3,585$1,280
19 years$7,412$6,063$4,926$3,978$3,195$1,063
20 years$6,967$5,634$4,521$3,603$2,854$884
21 years$6,566$5,248$4,158$3,270$2,554$735
22 years$6,201$4,899$3,833$2,973$2,289$612
23 years$5,869$4,582$3,539$2,708$2,055$510
24 years$5,565$4,293$3,273$2,469$1,847$426
25 years$5,285$4,029$3,031$2,255$1,662$355
26 years$5,028$3,786$2,811$2,062$1,497$296
27 years$4,790$3,563$2,611$1,887$1,350$247
28 years$4,569$3,358$2,427$1,729$1,218$207
29 years$4,364$3,168$2,258$1,586$1,100$173
30 years$4,173$2,992$2,104$1,455$994$144
31 years$3,995$2,828$1,961$1,337$898$120
32 years$3,828$2,676$1,830$1,228$813$101
33 years$3,671$2,534$1,708$1,130$736$84
34 years$3,524$2,402$1,596$1,039$666$70
35 years$3,386$2,278$1,492$957$603$59
36 years$3,256$2,162$1,396$881$546$49
37 years$3,133$2,054$1,307$812$495$41
38 years$3,017$1,952$1,224$748$449$34
39 years$2,907$1,856$1,146$690$407$29
40 years$2,803$1,766$1,075$636$369$24
41 years$2,704$1,681$1,008$587$335$20
42 years$2,610$1,601$945$542$304$17
43 years$2,521$1,525$887$500$276$14
44 years$2,436$1,454$833$462$250$12
45 years$2,355$1,386$782$427$227$10
46 years$2,277$1,322$734$394$206$8
47 years$2,204$1,262$690$364$187$7
48 years$2,133$1,205$648$336$170$6
49 years$2,066$1,150$609$311$155$5
50 years$2,002$1,099$573$287$140$4

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 $3,280 every year, while hoping to spend $31,627 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: 57/24/19 Blend
29$2,050,000$2,050,000$2,050,000$2,050,000
30$2,262,483$2,153,833$2,122,058$2,379,845
31$2,459,606$2,225,720$2,159,496$2,531,940
32$2,675,775$2,300,070$2,197,129$2,693,913
33$2,912,899$2,376,969$2,234,928$2,869,727
34$3,173,083$2,456,508$2,272,866$3,060,719
35$3,458,642$2,538,782$2,310,912$3,268,363
36$3,772,128$2,623,886$2,349,032$3,494,279
37$4,116,352$2,711,924$2,387,191$3,740,251
38$4,494,410$2,802,998$2,425,352$4,008,244
39$4,909,712$2,897,218$2,463,474$4,300,419
40$5,366,017$2,994,696$2,501,515$4,619,157
41$5,867,464$3,095,549$2,539,429$4,967,079
42$6,418,613$3,199,898$2,577,167$5,347,069
43$7,024,488$3,307,870$2,614,679$5,762,306
44$7,690,625$3,419,594$2,651,909$6,216,289
45$8,423,121$3,535,207$2,688,801$6,712,871
46$9,228,695$3,654,848$2,725,292$7,256,296
47$10,114,750$3,778,664$2,761,317$7,851,237
48$11,089,442$3,906,805$2,796,808$8,502,843
49$12,161,756$4,039,430$2,831,692$9,216,783
50$13,341,594$4,176,701$2,865,893$9,999,302
51$14,639,864$4,318,787$2,899,328$10,857,281
52$16,068,587$4,465,864$2,931,912$11,798,296
53$17,641,007$4,618,115$2,963,555$12,830,695
54$19,371,716$4,775,729$2,994,161$13,963,673
55$21,276,795$4,938,904$3,023,629$15,207,361
56$23,373,960$5,107,842$3,051,852$16,572,919
57$25,682,734$5,282,756$3,078,719$18,072,640
58$28,224,629$5,463,868$3,104,113$19,720,070
59$31,023,349$5,651,404$3,127,908$21,530,131
60$34,105,011$5,845,604$3,149,974$23,519,264
61$37,498,398$6,046,715$3,170,174$25,705,583
62$41,235,223$6,254,992$3,188,362$28,109,044
63$45,350,431$6,470,702$3,204,388$30,751,637
64$49,882,530$6,694,122$3,218,091$33,657,587
65$54,873,954$6,925,540$3,229,303$36,853,588
66$60,371,461$7,165,254$3,237,847$40,369,053
67$66,426,575$7,413,576$3,243,540$44,236,387
68$73,096,073$7,670,829$3,246,186$48,491,297
69$80,442,520$7,937,347$3,245,581$53,173,129
70$88,534,860$8,213,481$3,241,511$58,325,235
71$97,449,066$8,499,591$3,233,752$63,995,383
72$107,268,856$8,796,057$3,222,068$70,236,209
73$118,086,484$9,103,268$3,206,212$77,105,712
74$130,003,611$9,421,633$3,185,925$84,667,801
75$143,132,262$9,751,576$3,160,936$92,992,898
76$157,595,886$10,093,537$3,130,961$102,158,602
77$173,530,520$10,447,974$3,095,702$112,250,419
78$191,086,073$10,815,364$3,054,848$123,362,572
79$210,427,737$11,196,202$3,008,071$135,598,887
80$231,737,555$11,591,005$2,955,029$149,073,774
81$255,216,129$12,000,308$2,895,366$163,913,305
82$281,084,520$12,424,668$2,828,707$180,256,405
83$309,586,332$12,864,668$2,754,659$198,256,160
84$340,990,011$13,320,910$2,672,813$218,081,264
85$375,591,380$13,794,022$2,582,741$239,917,611
86$413,716,431$14,284,660$2,483,993$263,970,044
87$455,724,402$14,793,502$2,376,101$290,464,296
88$502,011,165$15,321,259$2,258,575$319,649,112
89$553,012,969$15,868,665$2,130,902$351,798,604
90$609,210,552$16,436,490$1,992,548$387,214,829
91$671,133,681$17,025,531$1,842,951$426,230,649
92$739,366,155$17,636,621$1,681,528$469,212,865
93$814,551,312$18,270,624$1,507,668$516,565,682
94$897,398,103$18,928,442$1,320,733$568,734,523
95$988,687,788$19,611,014$1,120,056$626,210,235
96$1,089,281,306$20,319,317$904,941$689,533,717
97$1,200,127,404$21,054,369$674,662$759,301,030
98$1,322,271,596$21,817,229$428,459$836,169,020
99$1,456,866,028$22,609,002$165,542$920,861,522
100$1,605,180,358$23,430,839$0$1,014,176,184