Can I retire at age 30 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$170,939$169,416$167,930$166,481$165,065$162,130
2 years$84,623$83,047$81,520$80,039$78,602$75,656
3 years$55,855$54,272$52,749$51,282$49,868$47,002
4 years$41,474$39,896$38,387$36,945$35,567$32,802
5 years$32,847$31,279$29,790$28,378$27,037$24,382
6 years$27,098$25,541$24,075$22,694$21,394$18,851
7 years$22,993$21,450$20,006$18,658$17,399$14,970
8 years$19,916$18,386$16,967$15,652$14,434$12,118
9 years$17,524$16,009$14,614$13,332$12,155$9,951
10 years$15,611$14,111$12,741$11,492$10,357$8,263
11 years$14,047$12,562$11,217$10,002$8,907$6,920
12 years$12,745$11,275$9,954$8,773$7,719$5,837
13 years$11,644$10,189$8,894$7,745$6,731$4,950
14 years$10,701$9,262$7,991$6,875$5,900$4,218
15 years$9,885$8,461$7,215$6,131$5,195$3,609
16 years$9,171$7,763$6,541$5,490$4,592$3,097
17 years$8,542$7,149$5,952$4,933$4,071$2,665
18 years$7,983$6,606$5,434$4,445$3,620$2,298
19 years$7,484$6,122$4,974$4,017$3,226$1,986
20 years$7,035$5,689$4,565$3,638$2,882$1,719
21 years$6,630$5,299$4,199$3,302$2,579$1,490
22 years$6,262$4,947$3,870$3,002$2,312$1,293
23 years$5,926$4,627$3,573$2,734$2,075$1,124
24 years$5,619$4,335$3,305$2,494$1,865$977
25 years$5,337$4,068$3,061$2,277$1,678$851
26 years$5,077$3,823$2,839$2,082$1,512$741
27 years$4,836$3,598$2,636$1,906$1,363$645
28 years$4,614$3,391$2,451$1,746$1,230$563
29 years$4,407$3,199$2,280$1,601$1,111$491
30 years$4,214$3,021$2,124$1,470$1,003$428
31 years$4,034$2,856$1,980$1,350$907$374
32 years$3,865$2,702$1,848$1,240$821$326
33 years$3,707$2,559$1,725$1,141$743$285
34 years$3,559$2,425$1,612$1,050$672$249
35 years$3,419$2,300$1,507$966$609$218
36 years$3,288$2,183$1,410$890$552$190
37 years$3,164$2,074$1,320$820$500$166
38 years$3,046$1,971$1,236$756$453$145
39 years$2,935$1,874$1,158$697$411$127
40 years$2,830$1,783$1,085$643$373$111
41 years$2,730$1,697$1,017$593$338$97
42 years$2,635$1,616$954$547$307$85
43 years$2,545$1,540$896$505$279$74
44 years$2,459$1,468$841$466$253$65
45 years$2,378$1,400$789$431$230$57
46 years$2,300$1,335$741$398$208$50
47 years$2,225$1,274$697$368$189$43
48 years$2,154$1,217$655$340$172$38
49 years$2,086$1,162$615$314$156$33
50 years$2,021$1,110$578$290$142$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,070,000, adding $3,244 every year, while hoping to spend $20,590 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: 77/9/14 Blend
29$2,070,000$2,070,000$2,070,000$2,070,000
30$2,284,486$2,174,776$2,142,691$2,453,531
31$2,495,596$2,259,433$2,192,564$2,650,088
32$2,727,549$2,347,547$2,243,417$2,862,647
33$2,982,450$2,439,267$2,295,262$3,095,163
34$3,262,616$2,534,748$2,348,109$3,349,621
35$3,570,602$2,634,149$2,401,970$3,628,203
36$3,909,221$2,737,640$2,456,854$3,933,315
37$4,281,573$2,845,396$2,512,770$4,267,605
38$4,691,074$2,957,601$2,569,728$4,633,990
39$5,141,486$3,074,447$2,627,737$5,035,683
40$5,636,957$3,196,133$2,686,805$5,476,222
41$6,182,053$3,322,870$2,746,940$5,959,504
42$6,781,808$3,454,877$2,808,147$6,489,821
43$7,441,767$3,592,380$2,870,435$7,071,902
44$8,168,041$3,735,620$2,933,808$7,710,955
45$8,967,361$3,884,847$2,998,272$8,412,717
46$9,847,148$4,040,319$3,063,829$9,183,508
47$10,815,573$4,202,312$3,130,484$10,030,290
48$11,881,645$4,371,108$3,198,238$10,960,733
49$13,055,287$4,547,006$3,267,093$11,983,287
50$14,347,434$4,730,317$3,337,049$13,107,259
51$15,770,136$4,921,367$3,408,104$14,342,906
52$17,336,670$5,120,495$3,480,256$15,701,525
53$19,061,668$5,328,056$3,553,502$17,195,564
54$20,961,250$5,544,422$3,627,836$18,838,738
55$23,053,181$5,769,983$3,703,252$20,646,155
56$25,357,036$6,005,143$3,779,741$22,634,465
57$27,894,386$6,250,327$3,857,295$24,822,008
58$30,689,000$6,505,980$3,935,901$27,228,995
59$33,767,071$6,772,565$4,015,546$29,877,693
60$37,157,460$7,050,569$4,096,215$32,792,636
61$40,891,972$7,340,498$4,177,890$36,000,858
62$45,005,655$7,642,885$4,260,551$39,532,144
63$49,537,129$7,958,283$4,344,176$43,419,316
64$54,528,952$8,287,274$4,428,741$47,698,536
65$60,028,019$8,630,465$4,514,219$52,409,651
66$66,086,011$8,988,492$4,600,579$57,596,570
67$72,759,875$9,362,018$4,687,789$63,307,673
68$80,112,365$9,751,740$4,775,813$69,596,269
69$88,212,635$10,158,384$4,864,612$76,521,102
70$97,136,890$10,582,712$4,954,143$84,146,901
71$106,969,106$11,025,518$5,044,360$92,544,992
72$117,801,823$11,487,635$5,135,213$101,793,968
73$129,737,014$11,969,935$5,226,649$111,980,435
74$142,887,057$12,473,330$5,318,609$123,199,826
75$157,375,786$12,998,771$5,411,031$135,557,301
76$173,339,663$13,547,259$5,503,848$149,168,738
77$190,929,070$14,119,835$5,596,988$164,161,831
78$210,309,723$14,717,595$5,690,374$180,677,288
79$231,664,237$15,341,679$5,783,924$198,870,163
80$255,193,854$15,993,286$5,877,550$218,911,318
81$281,120,337$16,673,668$5,971,159$240,989,031
82$309,688,069$17,384,134$6,064,649$265,310,781
83$341,166,352$18,126,058$6,157,916$292,105,198
84$375,851,959$18,900,873$6,250,845$321,624,223
85$414,071,927$19,710,084$6,343,316$354,145,484
86$456,186,648$20,555,263$6,435,202$389,974,921
87$502,593,271$21,438,056$6,526,367$429,449,665
88$553,729,451$22,360,187$6,616,666$472,941,227
89$610,077,479$23,323,460$6,705,948$520,858,997
90$672,168,836$24,329,763$6,794,051$573,654,115
91$740,589,210$25,381,074$6,880,804$631,823,723
92$815,984,025$26,479,463$6,966,027$695,915,658
93$899,064,535$27,627,096$7,049,529$766,533,625
94$990,614,536$28,826,243$7,131,107$844,342,892
95$1,091,497,769$30,079,278$7,210,549$930,076,570
96$1,202,666,068$31,388,690$7,287,629$1,024,542,533
97$1,325,168,353$32,757,081$7,362,110$1,128,631,043
98$1,460,160,527$34,187,180$7,433,743$1,243,323,150
99$1,608,916,390$35,681,842$7,502,263$1,369,699,959
100$1,772,839,665$37,244,055$7,567,392$1,508,952,825