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%16.9%
1 years$169,287$167,779$166,308$164,872$163,470$158,874
2 years$83,805$82,245$80,732$79,265$77,843$73,248
3 years$55,315$53,748$52,239$50,786$49,387$44,936
4 years$41,073$39,510$38,017$36,589$35,223$30,951
5 years$32,530$30,977$29,502$28,104$26,776$22,694
6 years$26,836$25,295$23,842$22,475$21,187$17,300
7 years$22,771$21,242$19,813$18,478$17,231$13,538
8 years$19,724$18,209$16,803$15,500$14,294$10,794
9 years$17,355$15,854$14,472$13,203$12,038$8,726
10 years$15,460$13,974$12,617$11,381$10,257$7,130
11 years$13,912$12,441$11,108$9,905$8,821$5,873
12 years$12,622$11,166$9,858$8,688$7,644$4,870
13 years$11,532$10,091$8,808$7,670$6,666$4,060
14 years$10,598$9,172$7,914$6,809$5,843$3,399
15 years$9,789$8,379$7,145$6,072$5,145$2,855
16 years$9,082$7,688$6,478$5,437$4,547$2,405
17 years$8,459$7,080$5,895$4,885$4,032$2,031
18 years$7,906$6,542$5,381$4,402$3,585$1,719
19 years$7,412$6,063$4,926$3,978$3,195$1,457
20 years$6,967$5,634$4,521$3,603$2,854$1,237
21 years$6,566$5,248$4,158$3,270$2,554$1,051
22 years$6,201$4,899$3,833$2,973$2,289$894
23 years$5,869$4,582$3,539$2,708$2,055$761
24 years$5,565$4,293$3,273$2,469$1,847$648
25 years$5,285$4,029$3,031$2,255$1,662$553
26 years$5,028$3,786$2,811$2,062$1,497$471
27 years$4,790$3,563$2,611$1,887$1,350$402
28 years$4,569$3,358$2,427$1,729$1,218$343
29 years$4,364$3,168$2,258$1,586$1,100$293
30 years$4,173$2,992$2,104$1,455$994$250
31 years$3,995$2,828$1,961$1,337$898$214
32 years$3,828$2,676$1,830$1,228$813$183
33 years$3,671$2,534$1,708$1,130$736$156
34 years$3,524$2,402$1,596$1,039$666$133
35 years$3,386$2,278$1,492$957$603$114
36 years$3,256$2,162$1,396$881$546$98
37 years$3,133$2,054$1,307$812$495$83
38 years$3,017$1,952$1,224$748$449$71
39 years$2,907$1,856$1,146$690$407$61
40 years$2,803$1,766$1,075$636$369$52
41 years$2,704$1,681$1,008$587$335$45
42 years$2,610$1,601$945$542$304$38
43 years$2,521$1,525$887$500$276$33
44 years$2,436$1,454$833$462$250$28
45 years$2,355$1,386$782$427$227$24
46 years$2,277$1,322$734$394$206$20
47 years$2,204$1,262$690$364$187$17
48 years$2,133$1,205$648$336$170$15
49 years$2,066$1,150$609$311$155$13
50 years$2,002$1,099$573$287$140$11

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 $3,488 every year, while hoping to spend $55,785 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: 72/7/21 Blend
29$2,050,000$2,050,000$2,050,000$2,050,000
30$2,262,698$2,154,048$2,122,273$2,413,792
31$2,434,138$2,200,241$2,134,014$2,561,042
32$2,621,196$2,246,829$2,144,279$2,715,267
33$2,825,405$2,293,770$2,152,959$2,882,787
34$3,048,454$2,341,023$2,159,941$3,064,915
35$3,292,202$2,388,538$2,165,105$3,263,096
36$3,558,695$2,436,266$2,168,325$3,478,924
37$3,850,188$2,484,149$2,169,470$3,714,154
38$4,169,161$2,532,126$2,168,400$3,970,719
39$4,518,346$2,580,130$2,164,973$4,250,753
40$4,900,751$2,628,091$2,159,034$4,556,602
41$5,319,691$2,675,930$2,150,424$4,890,857
42$5,778,813$2,723,564$2,138,976$5,256,370
43$6,282,135$2,770,902$2,124,516$5,656,284
44$6,834,083$2,817,847$2,106,858$6,094,065
45$7,439,533$2,864,294$2,085,810$6,573,530
46$8,103,851$2,910,131$2,061,171$7,098,887
47$8,832,953$2,955,237$2,032,729$7,674,775
48$9,633,353$2,999,482$2,000,264$8,306,304
49$10,512,225$3,042,727$1,963,544$8,999,109
50$11,477,475$3,084,824$1,922,325$9,759,396
51$12,537,810$3,125,613$1,876,356$10,594,009
52$13,702,823$3,164,924$1,825,370$11,510,490
53$14,983,081$3,202,575$1,769,090$12,517,148
54$16,390,226$3,238,372$1,707,225$13,623,146
55$17,937,085$3,272,108$1,639,473$14,838,578
56$19,637,787$3,303,561$1,565,515$16,174,572
57$21,507,901$3,332,495$1,485,019$17,643,390
58$23,564,580$3,358,660$1,397,640$19,258,549
59$25,826,720$3,381,787$1,303,014$21,034,945
60$28,315,142$3,401,592$1,200,762$22,988,995
61$31,052,788$3,417,771$1,090,488$25,138,793
62$34,064,933$3,430,002$971,780$27,504,281
63$37,379,427$3,437,943$844,205$30,107,438
64$41,026,954$3,441,228$707,313$32,972,487
65$45,041,327$3,439,472$560,631$36,126,123
66$49,459,799$3,432,263$403,669$39,597,770
67$54,323,419$3,419,164$235,913$43,419,855
68$59,677,419$3,399,714$56,826$47,628,115
69$65,571,636$3,373,420$0$52,261,937
70$72,060,987$3,339,762$0$57,394,821
71$79,205,985$3,298,188$0$63,060,061
72$87,073,308$3,248,112$0$69,297,773
73$95,736,430$3,188,914$0$76,166,206
74$105,276,313$3,119,937$0$83,729,549
75$115,782,169$3,040,486$0$92,058,537
76$127,352,303$2,949,823$0$101,231,113
77$140,095,042$2,847,169$0$111,333,169
78$154,129,755$2,731,698$0$122,459,355
79$169,587,975$2,602,537$0$134,713,973
80$186,614,650$2,458,762$0$148,211,957
81$205,369,499$2,299,397$0$163,079,964
82$226,028,528$2,123,407$0$179,457,568
83$248,785,685$1,929,701$0$197,498,572
84$273,854,693$1,717,124$0$217,372,467
85$301,471,065$1,484,457$0$239,266,029
86$331,894,327$1,230,409$0$263,385,079
87$365,410,469$953,619$0$289,956,431
88$402,334,638$652,648$0$319,230,030
89$443,014,121$325,978$0$351,481,314
90$487,831,613$0$0$387,013,808
91$537,208,837$0$0$426,164,156
92$591,610,516$0$0$469,326,142
93$651,548,768$0$0$516,880,987
94$717,587,932$0$0$569,276,459
95$790,349,898$0$0$627,005,989
96$870,519,977$0$0$690,613,325
97$958,853,366$0$0$760,697,670
98$1,056,182,283$0$0$837,919,335
99$1,163,423,814$0$0$923,005,971
100$1,281,588,576$0$0$1,016,759,437