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%18.4%
1 years$169,287$167,779$166,308$164,872$163,470$157,921
2 years$83,805$82,245$80,732$79,265$77,843$72,308
3 years$55,315$53,748$52,239$50,786$49,387$44,040
4 years$41,073$39,510$38,017$36,589$35,223$30,105
5 years$32,530$30,977$29,502$28,104$26,776$21,900
6 years$26,836$25,295$23,842$22,475$21,187$16,558
7 years$22,771$21,242$19,813$18,478$17,231$12,847
8 years$19,724$18,209$16,803$15,500$14,294$10,153
9 years$17,355$15,854$14,472$13,203$12,038$8,133
10 years$15,460$13,974$12,617$11,381$10,257$6,583
11 years$13,912$12,441$11,108$9,905$8,821$5,371
12 years$12,622$11,166$9,858$8,688$7,644$4,410
13 years$11,532$10,091$8,808$7,670$6,666$3,639
14 years$10,598$9,172$7,914$6,809$5,843$3,014
15 years$9,789$8,379$7,145$6,072$5,145$2,506
16 years$9,082$7,688$6,478$5,437$4,547$2,088
17 years$8,459$7,080$5,895$4,885$4,032$1,744
18 years$7,906$6,542$5,381$4,402$3,585$1,460
19 years$7,412$6,063$4,926$3,978$3,195$1,223
20 years$6,967$5,634$4,521$3,603$2,854$1,026
21 years$6,566$5,248$4,158$3,270$2,554$862
22 years$6,201$4,899$3,833$2,973$2,289$725
23 years$5,869$4,582$3,539$2,708$2,055$610
24 years$5,565$4,293$3,273$2,469$1,847$513
25 years$5,285$4,029$3,031$2,255$1,662$432
26 years$5,028$3,786$2,811$2,062$1,497$364
27 years$4,790$3,563$2,611$1,887$1,350$307
28 years$4,569$3,358$2,427$1,729$1,218$259
29 years$4,364$3,168$2,258$1,586$1,100$218
30 years$4,173$2,992$2,104$1,455$994$184
31 years$3,995$2,828$1,961$1,337$898$155
32 years$3,828$2,676$1,830$1,228$813$131
33 years$3,671$2,534$1,708$1,130$736$111
34 years$3,524$2,402$1,596$1,039$666$93
35 years$3,386$2,278$1,492$957$603$79
36 years$3,256$2,162$1,396$881$546$67
37 years$3,133$2,054$1,307$812$495$56
38 years$3,017$1,952$1,224$748$449$47
39 years$2,907$1,856$1,146$690$407$40
40 years$2,803$1,766$1,075$636$369$34
41 years$2,704$1,681$1,008$587$335$29
42 years$2,610$1,601$945$542$304$24
43 years$2,521$1,525$887$500$276$20
44 years$2,436$1,454$833$462$250$17
45 years$2,355$1,386$782$427$227$15
46 years$2,277$1,322$734$394$206$12
47 years$2,204$1,262$690$364$187$10
48 years$2,133$1,205$648$336$170$9
49 years$2,066$1,150$609$311$155$7
50 years$2,002$1,099$573$287$140$6

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 $2,075 every year, while hoping to spend $33,665 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: 66/24/10 Blend
29$2,050,000$2,050,000$2,050,000$2,050,000
30$2,261,240$2,152,590$2,120,815$2,405,591
31$2,456,068$2,222,248$2,156,043$2,571,600
32$2,669,639$2,294,191$2,191,323$2,748,786
33$2,903,831$2,368,494$2,226,621$2,941,569
34$3,160,709$2,445,239$2,261,901$3,151,468
35$3,442,551$2,524,505$2,297,124$3,380,156
36$3,751,864$2,606,378$2,332,250$3,629,473
37$4,091,409$2,690,946$2,367,236$3,901,446
38$4,464,228$2,778,298$2,402,034$4,198,305
39$4,873,673$2,868,528$2,436,596$4,522,507
40$5,323,436$2,961,734$2,470,869$4,876,755
41$5,817,583$3,058,015$2,504,800$5,264,027
42$6,360,594$3,157,475$2,538,328$5,687,602
43$6,957,405$3,260,222$2,571,393$6,151,090
44$7,613,454$3,366,366$2,603,928$6,658,468
45$8,334,731$3,476,023$2,635,864$7,214,115
46$9,127,837$3,589,312$2,667,129$7,822,853
47$10,000,042$3,706,354$2,697,644$8,489,994
48$10,959,360$3,827,279$2,727,329$9,221,389
49$12,014,616$3,952,217$2,756,096$10,023,483
50$13,175,537$4,081,306$2,783,855$10,903,375
51$14,452,837$4,214,685$2,810,510$11,868,883
52$15,858,325$4,352,503$2,835,959$12,928,622
53$17,405,007$4,494,909$2,860,098$14,092,081
54$19,107,219$4,642,061$2,882,812$15,369,712
55$20,980,755$4,794,121$2,903,985$16,773,032
56$23,043,015$4,951,256$2,923,492$18,314,728
57$25,313,176$5,113,641$2,941,203$20,008,776
58$27,812,367$5,281,456$2,956,980$21,870,575
59$30,563,868$5,454,887$2,970,678$23,917,091
60$33,593,333$5,634,128$2,982,147$26,167,014
61$36,929,031$5,819,377$2,991,226$28,640,939
62$40,602,108$6,010,843$2,997,749$31,361,555
63$44,646,889$6,208,740$3,001,539$34,353,862
64$49,101,193$6,413,290$3,002,412$37,645,405
65$54,006,696$6,624,723$3,000,174$41,266,534
66$59,409,322$6,843,277$2,994,623$45,250,688
67$65,359,675$7,069,199$2,985,545$49,634,714
68$71,913,518$7,302,746$2,972,716$54,459,211
69$79,132,298$7,544,182$2,955,904$59,768,914
70$87,083,727$7,793,782$2,934,861$65,613,114
71$95,842,420$8,051,830$2,909,332$72,046,126
72$105,490,598$8,318,621$2,879,046$79,127,798
73$116,118,867$8,594,461$2,843,722$86,924,076
74$127,827,068$8,879,666$2,803,063$95,507,629
75$140,725,224$9,174,565$2,756,761$104,958,527
76$154,934,575$9,479,497$2,704,491$115,365,004
77$170,588,725$9,794,815$2,645,914$126,824,286
78$187,834,899$10,120,885$2,580,676$139,443,510
79$206,835,336$10,458,086$2,508,406$153,340,731
80$227,768,817$10,806,809$2,428,715$168,646,042
81$250,832,356$11,167,462$2,341,196$185,502,793
82$276,243,057$11,540,468$2,245,426$204,068,952
83$304,240,161$11,926,264$2,140,961$224,518,590
84$335,087,310$12,325,303$2,027,336$247,043,524
85$369,075,030$12,738,057$1,904,066$271,855,129
86$406,523,475$13,165,014$1,770,644$299,186,330
87$447,785,449$13,606,680$1,626,540$329,293,801
88$493,249,737$14,063,579$1,471,201$362,460,390
89$543,344,773$14,536,257$1,304,049$398,997,783
90$598,542,684$15,025,278$1,124,479$439,249,447
91$659,363,750$15,531,229$931,862$483,593,876
92$726,381,311$16,054,717$725,537$532,448,155
93$800,227,180$16,596,374$504,818$586,271,906
94$881,597,610$17,156,853$268,987$645,571,616
95$971,259,862$17,736,835$17,294$710,905,425
96$1,070,059,451$18,337,024$0$782,888,391
97$1,178,928,128$18,958,151$0$862,225,107
98$1,298,892,672$19,600,975$0$949,639,374
99$1,431,084,587$20,266,285$0$1,045,952,507
100$1,576,750,780$20,954,898$0$1,152,071,614