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

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$170,113$168,598$167,119$165,676$164,267$161,546
2 years$84,214$82,646$81,126$79,652$78,223$75,489
3 years$55,585$54,010$52,494$51,034$49,628$46,966
4 years$41,273$39,703$38,202$36,767$35,395$32,827
5 years$32,689$31,128$29,646$28,241$26,907$24,439
6 years$26,967$25,418$23,959$22,584$21,290$18,926
7 years$22,882$21,346$19,910$18,568$17,315$15,055
8 years$19,820$18,298$16,885$15,576$14,364$12,208
9 years$17,439$15,931$14,543$13,267$12,097$10,043
10 years$15,536$14,043$12,679$11,437$10,307$8,354
11 years$13,980$12,501$11,162$9,953$8,864$7,010
12 years$12,684$11,221$9,906$8,730$7,682$5,924
13 years$11,588$10,140$8,851$7,708$6,699$5,034
14 years$10,649$9,217$7,952$6,842$5,872$4,299
15 years$9,837$8,420$7,180$6,102$5,170$3,685
16 years$9,127$7,725$6,510$5,463$4,569$3,169
17 years$8,501$7,115$5,924$4,909$4,052$2,733
18 years$7,945$6,574$5,407$4,424$3,602$2,362
19 years$7,448$6,093$4,950$3,997$3,211$2,046
20 years$7,001$5,662$4,543$3,620$2,868$1,775
21 years$6,598$5,274$4,179$3,286$2,567$1,542
22 years$6,231$4,923$3,851$2,987$2,301$1,341
23 years$5,897$4,604$3,556$2,721$2,065$1,168
24 years$5,592$4,314$3,289$2,481$1,856$1,018
25 years$5,311$4,048$3,046$2,266$1,670$888
26 years$5,052$3,805$2,825$2,072$1,505$775
27 years$4,813$3,581$2,623$1,897$1,356$677
28 years$4,591$3,374$2,439$1,738$1,224$592
29 years$4,385$3,183$2,269$1,594$1,105$518
30 years$4,193$3,006$2,114$1,462$999$453
31 years$4,014$2,842$1,971$1,343$903$396
32 years$3,846$2,689$1,839$1,234$817$347
33 years$3,689$2,546$1,717$1,135$739$304
34 years$3,542$2,413$1,604$1,044$669$266
35 years$3,403$2,289$1,500$961$606$233
36 years$3,272$2,173$1,403$885$549$204
37 years$3,148$2,064$1,313$816$498$179
38 years$3,032$1,961$1,230$752$451$157
39 years$2,921$1,865$1,152$693$409$137
40 years$2,816$1,774$1,080$640$371$120
41 years$2,717$1,689$1,013$590$337$106
42 years$2,623$1,608$950$545$306$93
43 years$2,533$1,533$891$503$277$81
44 years$2,448$1,461$837$464$252$71
45 years$2,366$1,393$786$429$228$62
46 years$2,289$1,329$738$396$207$55
47 years$2,215$1,268$693$366$188$48
48 years$2,144$1,211$651$338$171$42
49 years$2,076$1,156$612$312$155$37
50 years$2,011$1,104$576$289$141$32

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 $2,183 every year, while hoping to spend $31,371 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: 84/7/9 Blend
29$2,060,000$2,060,000$2,060,000$2,060,000
30$2,272,372$2,163,192$2,131,262$2,460,364
31$2,470,775$2,235,810$2,169,281$2,656,173
32$2,688,364$2,310,934$2,207,522$2,866,761
33$2,927,063$2,388,656$2,245,959$3,097,102
34$3,188,990$2,469,067$2,284,565$3,349,162
35$3,476,480$2,552,264$2,323,311$3,625,105
36$3,792,104$2,638,347$2,362,165$3,927,316
37$4,138,693$2,727,421$2,401,092$4,258,421
38$4,519,368$2,819,593$2,440,057$4,621,314
39$4,937,566$2,914,975$2,479,021$5,019,179
40$5,397,072$3,013,683$2,517,943$5,455,528
41$5,902,058$3,115,838$2,556,778$5,934,225
42$6,457,118$3,221,565$2,595,481$6,459,529
43$7,067,316$3,330,994$2,634,002$7,036,131
44$7,738,229$3,444,259$2,672,287$7,669,200
45$8,476,001$3,561,501$2,710,281$8,364,430
46$9,287,403$3,682,864$2,747,926$9,128,091
47$10,179,894$3,808,500$2,785,157$9,967,094
48$11,161,691$3,938,565$2,821,908$10,889,053
49$12,241,851$4,073,222$2,858,109$11,902,354
50$13,430,350$4,212,639$2,893,685$13,016,239
51$14,738,180$4,356,993$2,928,558$14,240,890
52$16,177,453$4,506,465$2,962,644$15,587,523
53$17,761,516$4,661,244$2,995,855$17,068,498
54$19,505,073$4,821,527$3,028,099$18,697,435
55$21,424,327$4,987,519$3,059,277$20,489,336
56$23,537,132$5,159,431$3,089,286$22,460,736
57$25,863,160$5,337,483$3,118,018$24,629,851
58$28,424,088$5,521,906$3,145,357$27,016,753
59$31,243,801$5,712,935$3,171,183$29,643,558
60$34,348,620$5,910,820$3,195,368$32,534,638
61$37,767,545$6,115,816$3,217,779$35,716,844
62$41,532,535$6,328,191$3,238,275$39,219,766
63$45,678,804$6,548,223$3,256,707$43,076,009
64$50,245,155$6,776,200$3,272,921$47,321,500
65$55,274,349$7,012,421$3,286,751$51,995,825
66$60,813,502$7,257,200$3,298,027$57,142,610
67$66,914,536$7,510,859$3,306,568$62,809,922
68$73,634,664$7,773,737$3,312,183$69,050,731
69$81,036,933$8,046,183$3,314,674$75,923,406
70$89,190,816$8,328,562$3,313,832$83,492,265
71$98,172,871$8,621,253$3,309,438$91,828,182
72$108,067,461$8,924,651$3,301,260$101,009,258
73$118,967,549$9,239,166$3,289,059$111,121,557
74$130,975,577$9,565,224$3,272,581$122,259,915
75$144,204,435$9,903,269$3,251,562$134,528,839
76$158,778,521$10,253,762$3,225,723$148,043,491
77$174,834,918$10,617,185$3,194,773$162,930,775
78$192,524,689$10,994,037$3,158,407$179,330,536
79$212,014,300$11,384,837$3,116,306$197,396,875
80$233,487,192$11,790,127$3,068,136$217,299,611
81$257,145,514$12,210,471$3,013,546$239,225,877
82$283,212,027$12,646,455$2,952,170$263,381,889
83$311,932,210$13,098,688$2,883,625$289,994,891
84$343,576,578$13,567,806$2,807,509$319,315,303
85$378,443,231$14,054,471$2,723,402$351,619,080
86$416,860,671$14,559,370$2,630,866$387,210,320
87$459,190,901$15,083,220$2,529,442$426,424,133
88$505,832,843$15,626,768$2,418,648$469,629,803
89$557,226,104$16,190,791$2,297,984$517,234,277
90$613,855,124$16,776,097$2,166,924$569,686,002
91$676,253,751$17,383,531$2,024,920$627,479,162
92$745,010,278$18,013,968$1,871,400$691,158,341
93$820,772,999$18,668,325$1,705,764$761,323,661
94$904,256,324$19,347,552$1,527,386$838,636,452
95$996,247,530$20,052,643$1,335,615$923,825,492
96$1,097,614,186$20,784,631$1,129,766$1,017,693,886
97$1,209,312,347$21,544,592$909,128$1,121,126,649
98$1,332,395,579$22,333,649$672,956$1,235,099,058
99$1,468,024,902$23,152,972$420,473$1,360,685,861
100$1,617,479,752$24,003,777$150,869$1,499,071,422