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%11.7%
1 years$171,764$170,234$168,742$167,285$165,862$164,679
2 years$85,032$83,448$81,913$80,425$78,982$77,789
3 years$56,125$54,534$53,003$51,529$50,109$48,943
4 years$41,674$40,089$38,573$37,124$35,738$34,608
5 years$33,006$31,430$29,934$28,515$27,168$26,077
6 years$27,229$25,665$24,191$22,803$21,497$20,447
7 years$23,104$21,553$20,103$18,748$17,483$16,474
8 years$20,012$18,475$17,049$15,727$14,504$13,536
9 years$17,609$16,086$14,684$13,396$12,214$11,288
10 years$15,687$14,179$12,802$11,548$10,407$9,521
11 years$14,115$12,623$11,271$10,050$8,950$8,104
12 years$12,807$11,329$10,003$8,815$7,756$6,949
13 years$11,700$10,239$8,937$7,782$6,764$5,995
14 years$10,753$9,307$8,030$6,908$5,929$5,198
15 years$9,932$8,502$7,250$6,161$5,220$4,525
16 years$9,215$7,800$6,573$5,517$4,614$3,954
17 years$8,583$7,184$5,981$4,957$4,091$3,465
18 years$8,022$6,638$5,460$4,467$3,637$3,045
19 years$7,520$6,152$4,998$4,036$3,242$2,682
20 years$7,069$5,717$4,587$3,656$2,896$2,366
21 years$6,662$5,325$4,219$3,318$2,591$2,092
22 years$6,292$4,971$3,889$3,016$2,323$1,851
23 years$5,955$4,649$3,591$2,747$2,085$1,641
24 years$5,646$4,356$3,321$2,506$1,874$1,456
25 years$5,363$4,088$3,076$2,288$1,686$1,293
26 years$5,101$3,842$2,852$2,092$1,519$1,150
27 years$4,860$3,616$2,649$1,915$1,370$1,023
28 years$4,636$3,407$2,462$1,755$1,236$911
29 years$4,428$3,214$2,291$1,609$1,116$811
30 years$4,234$3,035$2,134$1,477$1,008$723
31 years$4,053$2,869$1,990$1,356$912$645
32 years$3,884$2,715$1,857$1,246$825$575
33 years$3,725$2,571$1,733$1,146$746$513
34 years$3,576$2,437$1,620$1,055$676$458
35 years$3,436$2,311$1,514$971$612$409
36 years$3,304$2,194$1,417$894$554$366
37 years$3,179$2,084$1,326$824$503$327
38 years$3,061$1,980$1,242$759$456$292
39 years$2,949$1,883$1,163$700$413$261
40 years$2,844$1,791$1,090$646$375$233
41 years$2,743$1,705$1,022$596$340$209
42 years$2,648$1,624$959$550$309$187
43 years$2,558$1,547$900$508$280$167
44 years$2,471$1,475$845$469$254$149
45 years$2,389$1,407$793$433$231$133
46 years$2,311$1,342$745$400$209$119
47 years$2,236$1,280$700$369$190$107
48 years$2,165$1,222$658$341$173$96
49 years$2,096$1,167$618$315$157$86
50 years$2,031$1,115$581$292$143$77

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 $2,497 every year, while hoping to spend $24,428 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: 63/21/16 Blend
29$2,080,000$2,080,000$2,080,000$2,080,000
30$2,294,736$2,184,496$2,152,256$2,430,057
31$2,502,807$2,265,545$2,198,365$2,602,275
32$2,731,284$2,349,747$2,245,200$2,787,256
33$2,982,220$2,437,230$2,292,760$2,988,674
34$3,257,881$2,528,128$2,341,042$3,208,132
35$3,560,761$2,622,583$2,390,043$3,447,392
36$3,893,608$2,720,738$2,439,758$3,708,391
37$4,259,449$2,822,747$2,490,183$3,993,266
38$4,661,619$2,928,769$2,541,311$4,304,366
39$5,103,794$3,038,968$2,593,135$4,644,277
40$5,590,021$3,153,518$2,645,645$5,015,846
41$6,124,762$3,272,598$2,698,832$5,422,209
42$6,712,929$3,396,397$2,752,684$5,866,815
43$7,359,938$3,525,110$2,807,189$6,353,467
44$8,071,753$3,658,943$2,862,332$6,886,347
45$8,854,949$3,798,108$2,918,097$7,470,065
46$9,716,767$3,942,828$2,974,466$8,109,693
47$10,665,186$4,093,336$3,031,420$8,810,820
48$11,708,999$4,249,874$3,088,937$9,579,600
49$12,857,895$4,412,695$3,146,994$10,422,811
50$14,122,546$4,582,063$3,205,565$11,347,918
51$15,514,717$4,758,255$3,264,622$12,363,143
52$17,047,366$4,941,558$3,324,135$13,477,543
53$18,734,775$5,132,272$3,384,071$14,701,093
54$20,592,681$5,330,711$3,444,396$16,044,781
55$22,638,421$5,537,204$3,505,070$17,520,712
56$24,891,104$5,752,090$3,566,054$19,142,219
57$27,371,783$5,975,729$3,627,303$20,923,990
58$30,103,657$6,208,492$3,688,770$22,882,207
59$33,112,291$6,450,769$3,750,405$25,034,696
60$36,425,855$6,702,967$3,812,153$27,401,094
61$40,075,389$6,965,509$3,873,958$30,003,036
62$44,095,100$7,238,841$3,935,757$32,864,358
63$48,522,681$7,523,424$3,997,484$36,011,319
64$53,399,665$7,819,743$4,059,071$39,472,851
65$58,771,824$8,128,303$4,120,443$43,280,829
66$64,689,593$8,449,633$4,181,521$47,470,372
67$71,208,550$8,784,283$4,242,220$52,080,175
68$78,389,940$9,132,831$4,302,453$57,152,868
69$86,301,253$9,495,879$4,362,124$62,735,425
70$95,016,859$9,874,055$4,421,133$68,879,601
71$104,618,713$10,268,018$4,479,375$75,642,420
72$115,197,124$10,678,454$4,536,737$83,086,715
73$126,851,614$11,106,081$4,593,101$91,281,716
74$139,691,850$11,551,651$4,648,341$100,303,708
75$153,838,683$12,015,946$4,702,325$110,236,743
76$169,425,289$12,499,787$4,754,913$121,173,437
77$186,598,423$13,004,031$4,805,957$133,215,842
78$205,519,806$13,529,573$4,855,301$146,476,405
79$226,367,654$14,077,349$4,902,781$161,079,034
80$249,338,354$14,648,339$4,948,223$177,160,260
81$274,648,323$15,243,565$4,991,446$194,870,528
82$302,536,049$15,864,096$5,032,256$214,375,614
83$333,264,341$16,511,052$5,070,452$235,858,190
84$367,122,813$17,185,602$5,105,821$259,519,546
85$404,430,611$17,888,968$5,138,137$285,581,485
86$445,539,435$18,622,430$5,167,167$314,288,421
87$490,836,852$19,387,323$5,192,661$345,909,680
88$540,749,955$20,185,046$5,214,360$380,742,041
89$595,749,400$21,017,062$5,231,989$419,112,539
90$656,353,840$21,884,900$5,245,263$461,381,543
91$723,134,830$22,790,158$5,253,877$507,946,165
92$796,722,217$23,734,511$5,257,517$559,243,999
93$877,810,089$24,719,707$5,255,849$615,757,251
94$967,163,323$25,747,578$5,248,525$678,017,294
95$1,065,624,809$26,820,037$5,235,178$746,609,672
96$1,174,123,409$27,939,088$5,215,426$822,179,635
97$1,293,682,719$29,106,825$5,188,865$905,438,222
98$1,425,430,738$30,325,442$5,155,074$997,168,970
99$1,570,610,516$31,597,230$5,113,611$1,098,235,310
100$1,730,591,884$32,924,591$5,064,013$1,209,588,717