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%12.5%
1 years$170,939$169,416$167,930$166,481$165,065$163,341
2 years$84,623$83,047$81,520$80,039$78,602$76,866
3 years$55,855$54,272$52,749$51,282$49,868$48,174
4 years$41,474$39,896$38,387$36,945$35,567$33,927
5 years$32,847$31,279$29,790$28,378$27,037$25,457
6 years$27,098$25,541$24,075$22,694$21,394$19,875
7 years$22,993$21,450$20,006$18,658$17,399$15,943
8 years$19,916$18,386$16,967$15,652$14,434$13,040
9 years$17,524$16,009$14,614$13,332$12,155$10,823
10 years$15,611$14,111$12,741$11,492$10,357$9,085
11 years$14,047$12,562$11,217$10,002$8,907$7,695
12 years$12,745$11,275$9,954$8,773$7,719$6,565
13 years$11,644$10,189$8,894$7,745$6,731$5,635
14 years$10,701$9,262$7,991$6,875$5,900$4,860
15 years$9,885$8,461$7,215$6,131$5,195$4,208
16 years$9,171$7,763$6,541$5,490$4,592$3,657
17 years$8,542$7,149$5,952$4,933$4,071$3,187
18 years$7,983$6,606$5,434$4,445$3,620$2,785
19 years$7,484$6,122$4,974$4,017$3,226$2,438
20 years$7,035$5,689$4,565$3,638$2,882$2,139
21 years$6,630$5,299$4,199$3,302$2,579$1,880
22 years$6,262$4,947$3,870$3,002$2,312$1,654
23 years$5,926$4,627$3,573$2,734$2,075$1,457
24 years$5,619$4,335$3,305$2,494$1,865$1,285
25 years$5,337$4,068$3,061$2,277$1,678$1,134
26 years$5,077$3,823$2,839$2,082$1,512$1,002
27 years$4,836$3,598$2,636$1,906$1,363$886
28 years$4,614$3,391$2,451$1,746$1,230$784
29 years$4,407$3,199$2,280$1,601$1,111$694
30 years$4,214$3,021$2,124$1,470$1,003$614
31 years$4,034$2,856$1,980$1,350$907$544
32 years$3,865$2,702$1,848$1,240$821$482
33 years$3,707$2,559$1,725$1,141$743$428
34 years$3,559$2,425$1,612$1,050$672$379
35 years$3,419$2,300$1,507$966$609$336
36 years$3,288$2,183$1,410$890$552$298
37 years$3,164$2,074$1,320$820$500$265
38 years$3,046$1,971$1,236$756$453$235
39 years$2,935$1,874$1,158$697$411$209
40 years$2,830$1,783$1,085$643$373$185
41 years$2,730$1,697$1,017$593$338$165
42 years$2,635$1,616$954$547$307$146
43 years$2,545$1,540$896$505$279$130
44 years$2,459$1,468$841$466$253$115
45 years$2,378$1,400$789$431$230$102
46 years$2,300$1,335$741$398$208$91
47 years$2,225$1,274$697$368$189$81
48 years$2,154$1,217$655$340$172$72
49 years$2,086$1,162$615$314$156$64
50 years$2,021$1,110$578$290$142$57

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 $6,973 every year, while hoping to spend $33,370 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: 42/39/19 Blend
29$2,070,000$2,070,000$2,070,000$2,070,000
30$2,288,333$2,178,623$2,146,538$2,371,442
31$2,486,237$2,249,870$2,182,941$2,502,253
32$2,703,210$2,323,490$2,219,446$2,640,040
33$2,941,159$2,399,563$2,256,020$2,788,556
34$3,202,190$2,478,174$2,292,629$2,948,802
35$3,488,619$2,559,410$2,329,237$3,121,879
36$3,802,997$2,643,360$2,365,806$3,308,998
37$4,148,135$2,730,117$2,402,293$3,511,489
38$4,527,131$2,819,779$2,438,655$3,730,817
39$4,943,394$2,912,444$2,474,846$3,968,592
40$5,400,683$3,008,216$2,510,817$4,226,587
41$5,903,137$3,107,203$2,546,513$4,506,749
42$6,455,316$3,209,515$2,581,880$4,811,226
43$7,062,244$3,315,267$2,616,859$5,142,377
44$7,729,456$3,424,579$2,651,387$5,502,801
45$8,463,050$3,537,573$2,685,398$5,895,357
46$9,269,744$3,654,377$2,718,822$6,323,194
47$10,156,940$3,775,123$2,751,585$6,789,778
48$11,132,793$3,899,949$2,783,608$7,298,923
49$12,206,288$4,028,997$2,814,809$7,854,830
50$13,387,325$4,162,413$2,845,101$8,462,125
51$14,686,812$4,300,351$2,874,391$9,125,901
52$16,116,767$4,442,968$2,902,583$9,851,765
53$17,690,431$4,590,428$2,929,574$10,645,894
54$19,422,397$4,742,901$2,955,256$11,515,089
55$21,328,741$4,900,562$2,979,517$12,466,842
56$23,427,178$5,063,595$3,002,236$13,509,403
57$25,737,227$5,232,188$3,023,288$14,651,859
58$28,280,395$5,406,537$3,042,539$15,904,219
59$31,080,384$5,586,845$3,059,852$17,277,507
60$34,163,305$5,773,323$3,075,080$18,783,869
61$37,557,936$5,966,189$3,088,068$20,436,681
62$41,295,982$6,165,669$3,098,656$22,250,681
63$45,412,385$6,371,999$3,106,673$24,242,102
64$49,945,643$6,585,422$3,111,941$26,428,830
65$54,938,181$6,806,191$3,114,274$28,830,565
66$60,436,748$7,034,566$3,113,474$31,469,015
67$66,492,857$7,270,820$3,109,336$34,368,092
68$73,163,273$7,515,235$3,101,644$37,554,143
69$80,510,548$7,768,103$3,090,170$41,056,194
70$88,603,611$8,029,727$3,074,678$44,906,226
71$97,518,417$8,300,422$3,054,918$49,139,475
72$107,338,666$8,580,514$3,030,628$53,794,762
73$118,156,593$8,870,341$3,001,537$58,914,862
74$130,073,833$9,170,255$2,967,356$64,546,905
75$143,202,387$9,480,621$2,927,786$70,742,819
76$157,665,677$9,801,818$2,882,513$77,559,821
77$173,599,706$10,134,237$2,831,207$85,060,957
78$191,154,348$10,478,287$2,773,525$93,315,694
79$210,494,760$10,834,391$2,709,106$102,400,574
80$231,802,937$11,202,988$2,637,572$112,399,939
81$255,279,436$11,584,534$2,558,531$123,406,725
82$281,145,265$11,979,503$2,471,568$135,523,334
83$309,643,970$12,388,386$2,376,253$148,862,608
84$341,043,931$12,811,693$2,272,134$163,548,884
85$375,640,902$13,249,956$2,158,740$179,719,172
86$413,760,794$13,703,724$2,035,578$197,524,447
87$455,762,757$14,173,568$1,902,132$217,131,070
88$502,042,569$14,660,084$1,757,864$238,722,361
89$553,036,370$15,163,887$1,602,212$262,500,326
90$609,224,781$15,685,619$1,434,587$288,687,562
91$671,137,439$16,225,944$1,254,376$317,529,358
92$739,357,997$16,785,555$1,060,937$349,296,010
93$814,529,635$17,365,170$853,601$384,285,371
94$897,361,130$17,965,535$631,669$422,825,658
95$988,633,546$18,587,427$394,410$465,278,555
96$1,089,207,607$19,231,651$141,063$512,042,619
97$1,200,031,827$19,899,045$0$563,557,049
98$1,322,151,455$20,590,481$0$620,332,034
99$1,456,718,352$21,306,863$0$682,906,912
100$1,605,001,857$22,049,132$0$751,840,939