Can I retire at age 30 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$171,764$170,234$168,742$167,285$165,862$159,218
2 years$85,032$83,448$81,913$80,425$78,982$72,372
3 years$56,125$54,534$53,003$51,529$50,109$43,741
4 years$41,674$40,089$38,573$37,124$35,738$29,661
5 years$33,006$31,430$29,934$28,515$27,168$21,396
6 years$27,229$25,665$24,191$22,803$21,497$16,034
7 years$23,104$21,553$20,103$18,748$17,483$12,327
8 years$20,012$18,475$17,049$15,727$14,504$9,650
9 years$17,609$16,086$14,684$13,396$12,214$7,655
10 years$15,687$14,179$12,802$11,548$10,407$6,134
11 years$14,115$12,623$11,271$10,050$8,950$4,952
12 years$12,807$11,329$10,003$8,815$7,756$4,023
13 years$11,700$10,239$8,937$7,782$6,764$3,283
14 years$10,753$9,307$8,030$6,908$5,929$2,690
15 years$9,932$8,502$7,250$6,161$5,220$2,210
16 years$9,215$7,800$6,573$5,517$4,614$1,821
17 years$8,583$7,184$5,981$4,957$4,091$1,503
18 years$8,022$6,638$5,460$4,467$3,637$1,243
19 years$7,520$6,152$4,998$4,036$3,242$1,029
20 years$7,069$5,717$4,587$3,656$2,896$853
21 years$6,662$5,325$4,219$3,318$2,591$708
22 years$6,292$4,971$3,889$3,016$2,323$587
23 years$5,955$4,649$3,591$2,747$2,085$488
24 years$5,646$4,356$3,321$2,506$1,874$406
25 years$5,363$4,088$3,076$2,288$1,686$337
26 years$5,101$3,842$2,852$2,092$1,519$281
27 years$4,860$3,616$2,649$1,915$1,370$234
28 years$4,636$3,407$2,462$1,755$1,236$194
29 years$4,428$3,214$2,291$1,609$1,116$162
30 years$4,234$3,035$2,134$1,477$1,008$135
31 years$4,053$2,869$1,990$1,356$912$112
32 years$3,884$2,715$1,857$1,246$825$93
33 years$3,725$2,571$1,733$1,146$746$78
34 years$3,576$2,437$1,620$1,055$676$65
35 years$3,436$2,311$1,514$971$612$54
36 years$3,304$2,194$1,417$894$554$45
37 years$3,179$2,084$1,326$824$503$37
38 years$3,061$1,980$1,242$759$456$31
39 years$2,949$1,883$1,163$700$413$26
40 years$2,844$1,791$1,090$646$375$22
41 years$2,743$1,705$1,022$596$340$18
42 years$2,648$1,624$959$550$309$15
43 years$2,558$1,547$900$508$280$13
44 years$2,471$1,475$845$469$254$10
45 years$2,389$1,407$793$433$231$9
46 years$2,311$1,342$745$400$209$7
47 years$2,236$1,280$700$369$190$6
48 years$2,165$1,222$658$341$173$5
49 years$2,096$1,167$618$315$157$4
50 years$2,031$1,115$581$292$143$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,080,000, adding $4,540 every year, while hoping to spend $42,025 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: 64/11/25 Blend
29$2,080,000$2,080,000$2,080,000$2,080,000
30$2,296,843$2,186,603$2,154,363$2,428,493
31$2,486,407$2,249,032$2,181,820$2,580,391
32$2,693,897$2,313,112$2,208,788$2,741,203
33$2,921,099$2,378,879$2,235,207$2,915,974
34$3,169,977$2,446,370$2,261,012$3,106,076
35$3,442,695$2,515,622$2,286,136$3,313,023
36$3,741,635$2,586,673$2,310,507$3,538,481
37$4,069,422$2,659,560$2,334,049$3,784,286
38$4,428,947$2,734,323$2,356,684$4,052,461
39$4,823,394$2,810,998$2,378,327$4,345,234
40$5,256,269$2,889,626$2,398,890$4,665,061
41$5,731,435$2,970,245$2,418,279$5,014,646
42$6,253,148$3,052,893$2,436,398$5,396,969
43$6,826,094$3,137,610$2,453,142$5,815,315
44$7,455,437$3,224,434$2,468,404$6,273,302
45$8,146,866$3,313,405$2,482,069$6,774,916
46$8,906,645$3,404,561$2,494,018$7,324,551
47$9,741,679$3,497,941$2,504,124$7,927,047
48$10,659,573$3,593,583$2,512,255$8,587,740
49$11,668,707$3,691,525$2,518,272$9,312,506
50$12,778,310$3,791,805$2,522,029$10,107,823
51$13,998,553$3,894,459$2,523,373$10,980,830
52$15,340,643$3,999,525$2,522,143$11,939,392
53$16,816,924$4,107,037$2,518,170$12,992,176
54$18,440,999$4,217,031$2,511,278$14,148,735
55$20,227,855$4,329,540$2,501,280$15,419,596
56$22,194,006$4,444,596$2,487,982$16,816,357
57$24,357,645$4,562,233$2,471,181$18,351,804
58$26,738,822$4,682,479$2,450,662$20,040,023
59$29,359,624$4,805,362$2,426,201$21,896,539
60$32,244,391$4,930,911$2,397,565$23,938,461
61$35,419,942$5,059,149$2,364,507$26,184,643
62$38,915,829$5,190,099$2,326,770$28,655,864
63$42,764,611$5,323,783$2,284,085$31,375,022
64$47,002,170$5,460,216$2,236,170$34,367,351
65$51,668,040$5,599,416$2,182,730$37,660,661
66$56,805,786$5,741,393$2,123,458$41,285,598
67$62,463,411$5,886,156$2,058,029$45,275,936
68$68,693,813$6,033,711$1,986,106$49,668,897
69$75,555,278$6,184,059$1,907,337$54,505,499
70$83,112,036$6,337,197$1,821,352$59,830,945
71$91,434,861$6,493,118$1,727,765$65,695,051
72$100,601,745$6,651,809$1,626,173$72,152,719
73$110,698,627$6,813,252$1,516,154$79,264,448
74$121,820,210$6,977,424$1,397,268$87,096,914
75$134,070,850$7,144,296$1,269,055$95,723,596
76$147,565,541$7,313,831$1,131,033$105,225,469
77$162,431,004$7,485,987$982,701$115,691,772
78$178,806,879$7,660,712$823,533$127,220,849
79$196,847,042$7,837,949$652,983$139,921,079
80$216,721,060$8,017,628$470,478$153,911,898
81$238,615,790$8,199,674$275,421$169,324,931
82$262,737,142$8,383,999$67,189$186,305,230
83$289,312,022$8,570,506$0$205,012,650
84$318,590,473$8,759,086$0$225,664,708
85$350,848,039$8,949,619$0$248,436,002
86$386,388,358$9,141,969$0$273,522,726
87$425,546,035$9,335,991$0$301,160,850
88$468,689,797$9,531,520$0$331,610,409
89$516,225,971$9,728,379$0$365,157,958
90$568,602,324$9,926,373$0$402,119,272
91$626,312,286$10,125,291$0$442,842,333
92$689,899,608$10,324,899$0$487,710,609
93$759,963,497$10,524,948$0$537,146,677
94$837,164,268$10,725,165$0$591,616,212
95$922,229,578$10,925,253$0$651,632,380
96$1,015,961,299$11,124,894$0$717,760,686
97$1,119,243,081$11,323,744$0$790,624,310
98$1,233,048,697$11,521,429$0$870,909,990
99$1,358,451,235$11,717,550$0$959,374,505
100$1,496,633,227$11,911,675$0$1,056,851,819