Can I retire at age 30 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$170,113$168,598$167,119$165,676$164,267$162,080
2 years$84,214$82,646$81,126$79,652$78,223$76,023
3 years$55,585$54,010$52,494$51,034$49,628$47,483
4 years$41,273$39,703$38,202$36,767$35,395$33,322
5 years$32,689$31,128$29,646$28,241$26,907$24,912
6 years$26,967$25,418$23,959$22,584$21,290$19,376
7 years$22,882$21,346$19,910$18,568$17,315$15,482
8 years$19,820$18,298$16,885$15,576$14,364$12,612
9 years$17,439$15,931$14,543$13,267$12,097$10,425
10 years$15,536$14,043$12,679$11,437$10,307$8,714
11 years$13,980$12,501$11,162$9,953$8,864$7,349
12 years$12,684$11,221$9,906$8,730$7,682$6,242
13 years$11,588$10,140$8,851$7,708$6,699$5,333
14 years$10,649$9,217$7,952$6,842$5,872$4,578
15 years$9,837$8,420$7,180$6,102$5,170$3,946
16 years$9,127$7,725$6,510$5,463$4,569$3,412
17 years$8,501$7,115$5,924$4,909$4,052$2,959
18 years$7,945$6,574$5,407$4,424$3,602$2,573
19 years$7,448$6,093$4,950$3,997$3,211$2,241
20 years$7,001$5,662$4,543$3,620$2,868$1,956
21 years$6,598$5,274$4,179$3,286$2,567$1,710
22 years$6,231$4,923$3,851$2,987$2,301$1,496
23 years$5,897$4,604$3,556$2,721$2,065$1,311
24 years$5,592$4,314$3,289$2,481$1,856$1,150
25 years$5,311$4,048$3,046$2,266$1,670$1,010
26 years$5,052$3,805$2,825$2,072$1,505$887
27 years$4,813$3,581$2,623$1,897$1,356$780
28 years$4,591$3,374$2,439$1,738$1,224$686
29 years$4,385$3,183$2,269$1,594$1,105$604
30 years$4,193$3,006$2,114$1,462$999$532
31 years$4,014$2,842$1,971$1,343$903$468
32 years$3,846$2,689$1,839$1,234$817$413
33 years$3,689$2,546$1,717$1,135$739$364
34 years$3,542$2,413$1,604$1,044$669$321
35 years$3,403$2,289$1,500$961$606$283
36 years$3,272$2,173$1,403$885$549$249
37 years$3,148$2,064$1,313$816$498$220
38 years$3,032$1,961$1,230$752$451$194
39 years$2,921$1,865$1,152$693$409$171
40 years$2,816$1,774$1,080$640$371$151
41 years$2,717$1,689$1,013$590$337$133
42 years$2,623$1,608$950$545$306$118
43 years$2,533$1,533$891$503$277$104
44 years$2,448$1,461$837$464$252$92
45 years$2,366$1,393$786$429$228$81
46 years$2,289$1,329$738$396$207$72
47 years$2,215$1,268$693$366$188$63
48 years$2,144$1,211$651$338$171$56
49 years$2,076$1,156$612$312$155$49
50 years$2,011$1,104$576$289$141$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,060,000, adding $5,034 every year, while hoping to spend $25,731 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: 58/27/15 Blend
29$2,060,000$2,060,000$2,060,000$2,060,000
30$2,275,313$2,166,133$2,134,203$2,398,255
31$2,480,017$2,244,895$2,178,321$2,560,763
32$2,704,739$2,326,655$2,223,055$2,734,555
33$2,951,492$2,411,532$2,268,397$2,923,407
34$3,222,498$2,499,650$2,314,342$3,128,774
35$3,520,199$2,591,139$2,360,878$3,352,253
36$3,847,289$2,686,135$2,407,998$3,595,602
37$4,206,736$2,784,779$2,455,689$3,860,756
38$4,601,807$2,887,217$2,503,939$4,149,844
39$5,036,104$2,993,604$2,552,733$4,465,208
40$5,513,594$3,104,098$2,602,058$4,809,428
41$6,038,648$3,218,866$2,651,894$5,185,342
42$6,616,082$3,338,082$2,702,224$5,596,073
43$7,251,201$3,461,926$2,753,027$6,045,062
44$7,949,850$3,590,588$2,804,280$6,536,094
45$8,718,472$3,724,263$2,855,960$7,073,339
46$9,564,161$3,863,158$2,908,040$7,661,385
47$10,494,737$4,007,484$2,960,492$8,305,288
48$11,518,816$4,157,467$3,013,284$9,010,611
49$12,645,890$4,313,337$3,066,383$9,783,484
50$13,886,418$4,475,338$3,119,755$10,630,654
51$15,251,926$4,643,722$3,173,359$11,559,553
52$16,755,111$4,818,754$3,227,156$12,578,367
53$18,409,967$5,000,708$3,281,101$13,696,111
54$20,231,913$5,189,871$3,335,146$14,922,713
55$22,237,937$5,386,544$3,389,243$16,269,110
56$24,446,760$5,591,038$3,443,336$17,747,346
57$26,879,011$5,803,680$3,497,369$19,370,691
58$29,557,419$6,024,810$3,551,280$21,153,761
59$32,507,033$6,254,782$3,605,005$23,112,654
60$35,755,452$6,493,969$3,658,474$25,265,107
61$39,333,090$6,742,755$3,711,615$27,630,656
62$43,273,461$7,001,546$3,764,350$30,230,825
63$47,613,494$7,270,761$3,816,595$33,089,324
64$52,393,883$7,550,842$3,868,264$36,232,275
65$57,659,473$7,842,246$3,919,265$39,688,456
66$63,459,677$8,145,454$3,969,498$43,489,571
67$69,848,948$8,460,966$4,018,860$47,670,550
68$76,887,291$8,789,303$4,067,243$52,269,877
69$84,640,829$9,131,013$4,114,529$57,329,951
70$93,182,425$9,486,664$4,160,597$62,897,487
71$102,592,372$9,856,851$4,205,317$69,023,954
72$112,959,153$10,242,195$4,248,554$75,766,060
73$124,380,269$10,643,345$4,290,163$83,186,287
74$136,963,167$11,060,980$4,329,994$91,353,479
75$150,826,248$11,495,806$4,367,887$100,343,490
76$166,099,988$11,948,562$4,403,673$110,239,896
77$182,928,167$12,420,022$4,437,177$121,134,790
78$201,469,229$12,910,992$4,468,211$133,129,642
79$221,897,774$13,422,315$4,496,580$146,336,257
80$244,406,209$13,954,871$4,522,078$160,877,833
81$269,206,563$14,509,580$4,544,488$176,890,117
82$296,532,488$15,087,404$4,563,583$194,522,687
83$326,641,462$15,689,347$4,579,124$213,940,361
84$359,817,225$16,316,460$4,590,859$235,324,754
85$396,372,454$16,969,838$4,598,524$258,875,984
86$436,651,713$17,650,629$4,601,844$284,814,567
87$481,034,709$18,360,031$4,600,527$313,383,489
88$529,939,873$19,099,296$4,594,267$344,850,504
89$583,828,311$19,869,732$4,582,747$379,510,655
90$643,208,159$20,672,710$4,565,629$417,689,055
91$708,639,377$21,509,658$4,542,563$459,743,961
92$780,739,034$22,382,072$4,513,180$506,070,146
93$860,187,137$23,291,515$4,477,093$557,102,626
94$947,733,047$24,239,622$4,433,898$613,320,762
95$1,044,202,556$25,228,100$4,383,171$675,252,787
96$1,150,505,677$26,258,738$4,324,468$743,480,783
97$1,267,645,242$27,333,402$4,257,323$818,646,177
98$1,396,726,364$28,454,046$4,181,251$901,455,791
99$1,538,966,872$29,622,713$4,095,742$992,688,513
100$1,695,708,806$30,841,539$4,000,262$1,093,202,644