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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$170,939$169,416$167,930$166,481$165,065$162,935
2 years$84,623$83,047$81,520$80,039$78,602$76,459
3 years$55,855$54,272$52,749$51,282$49,868$47,779
4 years$41,474$39,896$38,387$36,945$35,567$33,547
5 years$32,847$31,279$29,790$28,378$27,037$25,093
6 years$27,098$25,541$24,075$22,694$21,394$19,528
7 years$22,993$21,450$20,006$18,658$17,399$15,612
8 years$19,916$18,386$16,967$15,652$14,434$12,725
9 years$17,524$16,009$14,614$13,332$12,155$10,525
10 years$15,611$14,111$12,741$11,492$10,357$8,803
11 years$14,047$12,562$11,217$10,002$8,907$7,428
12 years$12,745$11,275$9,954$8,773$7,719$6,313
13 years$11,644$10,189$8,894$7,745$6,731$5,397
14 years$10,701$9,262$7,991$6,875$5,900$4,636
15 years$9,885$8,461$7,215$6,131$5,195$3,999
16 years$9,171$7,763$6,541$5,490$4,592$3,460
17 years$8,542$7,149$5,952$4,933$4,071$3,003
18 years$7,983$6,606$5,434$4,445$3,620$2,613
19 years$7,484$6,122$4,974$4,017$3,226$2,278
20 years$7,035$5,689$4,565$3,638$2,882$1,989
21 years$6,630$5,299$4,199$3,302$2,579$1,740
22 years$6,262$4,947$3,870$3,002$2,312$1,524
23 years$5,926$4,627$3,573$2,734$2,075$1,337
24 years$5,619$4,335$3,305$2,494$1,865$1,173
25 years$5,337$4,068$3,061$2,277$1,678$1,031
26 years$5,077$3,823$2,839$2,082$1,512$906
27 years$4,836$3,598$2,636$1,906$1,363$797
28 years$4,614$3,391$2,451$1,746$1,230$702
29 years$4,407$3,199$2,280$1,601$1,111$618
30 years$4,214$3,021$2,124$1,470$1,003$545
31 years$4,034$2,856$1,980$1,350$907$480
32 years$3,865$2,702$1,848$1,240$821$424
33 years$3,707$2,559$1,725$1,141$743$374
34 years$3,559$2,425$1,612$1,050$672$330
35 years$3,419$2,300$1,507$966$609$291
36 years$3,288$2,183$1,410$890$552$257
37 years$3,164$2,074$1,320$820$500$227
38 years$3,046$1,971$1,236$756$453$200
39 years$2,935$1,874$1,158$697$411$177
40 years$2,830$1,783$1,085$643$373$156
41 years$2,730$1,697$1,017$593$338$138
42 years$2,635$1,616$954$547$307$122
43 years$2,545$1,540$896$505$279$108
44 years$2,459$1,468$841$466$253$95
45 years$2,378$1,400$789$431$230$84
46 years$2,300$1,335$741$398$208$74
47 years$2,225$1,274$697$368$189$66
48 years$2,154$1,217$655$340$172$58
49 years$2,086$1,162$615$314$156$51
50 years$2,021$1,110$578$290$142$45

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 $3,038 every year, while hoping to spend $27,695 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: 68/17/15 Blend
29$2,070,000$2,070,000$2,070,000$2,070,000
30$2,284,274$2,174,564$2,142,479$2,431,412
31$2,487,802$2,251,650$2,184,784$2,606,930
32$2,711,163$2,331,585$2,227,579$2,795,273
33$2,956,348$2,414,480$2,270,850$3,000,575
34$3,225,555$2,500,449$2,314,583$3,224,501
35$3,521,203$2,589,612$2,358,762$3,468,880
36$3,845,955$2,682,093$2,403,371$3,735,731
37$4,202,749$2,778,021$2,448,390$4,027,274
38$4,594,817$2,877,532$2,493,799$4,345,952
39$5,025,723$2,980,766$2,539,576$4,694,457
40$5,499,392$3,087,868$2,585,696$5,075,753
41$6,020,148$3,198,992$2,632,135$5,493,104
42$6,592,755$3,314,295$2,678,864$5,950,104
43$7,222,462$3,433,942$2,725,852$6,450,711
44$7,915,053$3,558,105$2,773,068$6,999,284
45$8,676,900$3,686,963$2,820,477$7,600,625
46$9,515,021$3,820,702$2,868,041$8,260,021
47$10,437,153$3,959,516$2,915,720$8,983,298
48$11,451,818$4,103,607$2,963,472$9,776,872
49$12,568,406$4,253,187$3,011,250$10,647,810
50$13,797,264$4,408,473$3,059,008$11,603,897
51$15,149,792$4,569,695$3,106,691$12,653,709
52$16,638,551$4,737,091$3,154,247$13,806,692
53$18,277,384$4,910,910$3,201,615$15,073,256
54$20,081,542$5,091,409$3,248,733$16,464,864
55$22,067,829$5,278,858$3,295,536$17,994,148
56$24,254,764$5,473,538$3,341,952$19,675,024
57$26,662,750$5,675,742$3,387,908$21,522,823
58$29,314,273$5,885,775$3,433,325$23,554,436
59$32,234,106$6,103,955$3,478,118$25,788,471
60$35,449,550$6,330,614$3,522,201$28,245,433
61$38,990,687$6,566,097$3,565,478$30,947,912
62$42,890,667$6,810,766$3,607,851$33,920,796
63$47,186,017$7,064,996$3,649,216$37,191,510
64$51,916,989$7,329,178$3,689,463$40,790,269
65$57,127,937$7,603,723$3,728,475$44,750,366
66$62,867,737$7,889,056$3,766,129$49,108,484
67$69,190,248$8,185,622$3,802,297$53,905,041
68$76,154,821$8,493,885$3,836,841$59,184,576
69$83,826,855$8,814,328$3,869,618$64,996,159
70$92,278,421$9,147,457$3,900,477$71,393,865
71$101,588,935$9,493,797$3,929,258$78,437,274
72$111,845,913$9,853,899$3,955,794$86,192,039
73$123,145,791$10,228,336$3,979,909$94,730,501
74$135,594,842$10,617,705$4,001,416$104,132,375
75$149,310,175$11,022,631$4,020,122$114,485,498
76$164,420,838$11,443,765$4,035,821$125,886,660
77$181,069,041$11,881,787$4,048,299$138,442,514
78$199,411,494$12,337,406$4,057,329$152,270,585
79$219,620,891$12,811,363$4,062,673$167,500,378
80$241,887,533$13,304,431$4,064,084$184,274,596
81$266,421,129$13,817,416$4,061,299$202,750,492
82$293,452,776$14,351,161$4,054,044$223,101,347
83$323,237,137$14,906,546$4,042,032$245,518,109
84$356,054,847$15,484,488$4,024,962$270,211,191
85$392,215,159$16,085,946$4,002,516$297,412,458
86$432,058,869$16,711,921$3,974,364$327,377,416
87$475,961,527$17,363,459$3,940,159$360,387,621
88$524,336,985$18,041,650$3,899,536$396,753,335
89$577,641,302$18,747,636$3,852,115$436,816,454
90$636,377,051$19,482,606$3,797,497$480,953,739
91$701,098,061$20,247,804$3,735,264$529,580,363
92$772,414,645$21,044,529$3,664,978$583,153,837
93$850,999,366$21,874,138$3,586,181$642,178,321
94$937,593,379$22,738,048$3,498,396$707,209,388
95$1,033,013,432$23,637,740$3,401,120$778,859,262
96$1,138,159,574$24,574,762$3,293,830$857,802,600
97$1,254,023,654$25,550,728$3,175,976$944,782,858
98$1,381,698,682$26,567,329$3,046,987$1,040,619,305
99$1,522,389,148$27,626,329$2,906,262$1,146,214,761
100$1,677,422,393$28,729,572$2,753,174$1,262,564,116