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%15.5%
1 years$170,113$168,598$167,119$165,676$164,267$160,557
2 years$84,214$82,646$81,126$79,652$78,223$74,504
3 years$55,585$54,010$52,494$51,034$49,628$46,018
4 years$41,273$39,703$38,202$36,767$35,395$31,921
5 years$32,689$31,128$29,646$28,241$26,907$23,579
6 years$26,967$25,418$23,959$22,584$21,290$18,112
7 years$22,882$21,346$19,910$18,568$17,315$14,286
8 years$19,820$18,298$16,885$15,576$14,364$11,484
9 years$17,439$15,931$14,543$13,267$12,097$9,363
10 years$15,536$14,043$12,679$11,437$10,307$7,717
11 years$13,980$12,501$11,162$9,953$8,864$6,414
12 years$12,684$11,221$9,906$8,730$7,682$5,368
13 years$11,588$10,140$8,851$7,708$6,699$4,517
14 years$10,649$9,217$7,952$6,842$5,872$3,818
15 years$9,837$8,420$7,180$6,102$5,170$3,239
16 years$9,127$7,725$6,510$5,463$4,569$2,756
17 years$8,501$7,115$5,924$4,909$4,052$2,351
18 years$7,945$6,574$5,407$4,424$3,602$2,010
19 years$7,448$6,093$4,950$3,997$3,211$1,722
20 years$7,001$5,662$4,543$3,620$2,868$1,477
21 years$6,598$5,274$4,179$3,286$2,567$1,269
22 years$6,231$4,923$3,851$2,987$2,301$1,091
23 years$5,897$4,604$3,556$2,721$2,065$939
24 years$5,592$4,314$3,289$2,481$1,856$809
25 years$5,311$4,048$3,046$2,266$1,670$697
26 years$5,052$3,805$2,825$2,072$1,505$601
27 years$4,813$3,581$2,623$1,897$1,356$519
28 years$4,591$3,374$2,439$1,738$1,224$448
29 years$4,385$3,183$2,269$1,594$1,105$387
30 years$4,193$3,006$2,114$1,462$999$334
31 years$4,014$2,842$1,971$1,343$903$289
32 years$3,846$2,689$1,839$1,234$817$250
33 years$3,689$2,546$1,717$1,135$739$216
34 years$3,542$2,413$1,604$1,044$669$187
35 years$3,403$2,289$1,500$961$606$162
36 years$3,272$2,173$1,403$885$549$140
37 years$3,148$2,064$1,313$816$498$121
38 years$3,032$1,961$1,230$752$451$105
39 years$2,921$1,865$1,152$693$409$91
40 years$2,816$1,774$1,080$640$371$78
41 years$2,717$1,689$1,013$590$337$68
42 years$2,623$1,608$950$545$306$59
43 years$2,533$1,533$891$503$277$51
44 years$2,448$1,461$837$464$252$44
45 years$2,366$1,393$786$429$228$38
46 years$2,289$1,329$738$396$207$33
47 years$2,215$1,268$693$366$188$29
48 years$2,144$1,211$651$338$171$25
49 years$2,076$1,156$612$312$155$21
50 years$2,011$1,104$576$289$141$19

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 $2,186 every year, while hoping to spend $53,952 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: 63/16/21 Blend
29$2,060,000$2,060,000$2,060,000$2,060,000
30$2,272,375$2,163,195$2,131,265$2,403,070
31$2,446,753$2,211,787$2,145,258$2,540,047
32$2,637,109$2,260,952$2,157,911$2,683,345
33$2,845,016$2,310,660$2,169,123$2,838,611
34$3,072,205$2,360,881$2,178,787$3,007,018
35$3,320,584$2,411,578$2,186,790$3,189,860
36$3,592,250$2,462,711$2,193,014$3,388,562
37$3,889,514$2,514,239$2,197,335$3,604,694
38$4,214,922$2,566,114$2,199,622$3,839,987
39$4,571,274$2,618,283$2,199,740$4,096,348
40$4,961,656$2,670,692$2,197,544$4,375,878
41$5,389,468$2,723,278$2,192,884$4,680,894
42$5,858,450$2,775,975$2,185,602$5,013,949
43$6,372,725$2,828,711$2,175,532$5,377,856
44$6,936,832$2,881,407$2,162,502$5,775,718
45$7,555,772$2,933,980$2,146,329$6,210,951
46$8,235,053$2,986,337$2,126,823$6,687,323
47$8,980,741$3,038,380$2,103,785$7,208,987
48$9,799,519$3,090,003$2,077,004$7,780,519
49$10,698,749$3,141,092$2,046,262$8,406,964
50$11,686,540$3,191,524$2,011,331$9,093,881
51$12,771,827$3,241,168$1,971,970$9,847,399
52$13,964,450$3,289,882$1,927,928$10,674,273
53$15,275,252$3,337,515$1,878,942$11,581,949
54$16,716,179$3,383,904$1,824,737$12,578,631
55$18,300,390$3,428,876$1,765,027$13,673,367
56$20,042,384$3,472,246$1,699,510$14,876,124
57$21,958,136$3,513,814$1,627,871$16,197,893
58$24,065,244$3,553,369$1,549,783$17,650,786
59$26,383,099$3,590,684$1,464,901$19,248,151
60$28,933,066$3,625,519$1,372,867$21,004,705
61$31,738,686$3,657,616$1,273,304$22,936,664
62$34,825,893$3,686,701$1,165,821$25,061,906
63$38,223,266$3,712,481$1,050,009$27,400,132
64$41,962,293$3,734,647$925,438$29,973,058
65$46,077,669$3,752,866$791,662$32,804,621
66$50,607,622$3,766,788$648,213$35,921,201
67$55,594,277$3,776,037$494,606$39,351,874
68$61,084,047$3,780,218$330,330$43,128,687
69$67,128,078$3,778,906$154,854$47,286,962
70$73,782,724$3,771,655$0$51,865,629
71$81,110,082$3,757,986$0$56,914,856
72$89,178,579$3,737,396$0$62,512,173
73$98,063,614$3,709,348$0$68,675,100
74$107,848,270$3,673,274$0$75,461,223
75$118,624,099$3,628,570$0$82,934,001
76$130,491,985$3,574,597$0$91,163,365
77$143,563,094$3,510,679$0$100,226,378
78$157,959,926$3,436,099$0$110,207,966
79$173,817,467$3,350,096$0$121,201,717
80$191,284,464$3,251,866$0$133,310,762
81$210,524,829$3,140,557$0$146,648,756
82$231,719,187$3,015,270$0$161,340,947
83$255,066,574$2,875,049$0$177,525,357
84$280,786,325$2,718,886$0$195,354,090
85$309,120,133$2,545,714$0$214,994,764
86$340,334,338$2,354,405$0$236,632,098
87$374,722,436$2,143,767$0$260,469,652
88$412,607,851$1,912,539$0$286,731,755
89$454,346,986$1,659,387$0$315,665,618
90$500,332,587$1,382,905$0$347,543,669
91$550,997,448$1,081,605$0$382,666,131
92$606,818,500$753,916$0$421,363,852
93$668,321,307$398,178$0$464,001,430
94$736,085,032$12,639$0$510,980,659
95$810,747,897$0$0$562,744,319
96$893,013,213$0$0$619,851,589
97$983,656,016$0$0$682,777,111
98$1,083,530,382$0$0$752,111,607
99$1,193,577,489$0$0$828,508,495
100$1,314,834,502$0$0$912,687,833