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%15.4%
1 years$171,764$170,234$168,742$167,285$165,862$162,182
2 years$85,032$83,448$81,913$80,425$78,982$75,293
3 years$56,125$54,534$53,003$51,529$50,109$46,528
4 years$41,674$40,089$38,573$37,124$35,738$32,291
5 years$33,006$31,430$29,934$28,515$27,168$23,864
6 years$27,229$25,665$24,191$22,803$21,497$18,341
7 years$23,104$21,553$20,103$18,748$17,483$14,475
8 years$20,012$18,475$17,049$15,727$14,504$11,643
9 years$17,609$16,086$14,684$13,396$12,214$9,498
10 years$15,687$14,179$12,802$11,548$10,407$7,833
11 years$14,115$12,623$11,271$10,050$8,950$6,515
12 years$12,807$11,329$10,003$8,815$7,756$5,456
13 years$11,700$10,239$8,937$7,782$6,764$4,594
14 years$10,753$9,307$8,030$6,908$5,929$3,885
15 years$9,932$8,502$7,250$6,161$5,220$3,298
16 years$9,215$7,800$6,573$5,517$4,614$2,809
17 years$8,583$7,184$5,981$4,957$4,091$2,398
18 years$8,022$6,638$5,460$4,467$3,637$2,052
19 years$7,520$6,152$4,998$4,036$3,242$1,759
20 years$7,069$5,717$4,587$3,656$2,896$1,510
21 years$6,662$5,325$4,219$3,318$2,591$1,298
22 years$6,292$4,971$3,889$3,016$2,323$1,117
23 years$5,955$4,649$3,591$2,747$2,085$962
24 years$5,646$4,356$3,321$2,506$1,874$829
25 years$5,363$4,088$3,076$2,288$1,686$716
26 years$5,101$3,842$2,852$2,092$1,519$618
27 years$4,860$3,616$2,649$1,915$1,370$534
28 years$4,636$3,407$2,462$1,755$1,236$461
29 years$4,428$3,214$2,291$1,609$1,116$399
30 years$4,234$3,035$2,134$1,477$1,008$345
31 years$4,053$2,869$1,990$1,356$912$298
32 years$3,884$2,715$1,857$1,246$825$258
33 years$3,725$2,571$1,733$1,146$746$223
34 years$3,576$2,437$1,620$1,055$676$193
35 years$3,436$2,311$1,514$971$612$167
36 years$3,304$2,194$1,417$894$554$145
37 years$3,179$2,084$1,326$824$503$125
38 years$3,061$1,980$1,242$759$456$109
39 years$2,949$1,883$1,163$700$413$94
40 years$2,844$1,791$1,090$646$375$81
41 years$2,743$1,705$1,022$596$340$71
42 years$2,648$1,624$959$550$309$61
43 years$2,558$1,547$900$508$280$53
44 years$2,471$1,475$845$469$254$46
45 years$2,389$1,407$793$433$231$40
46 years$2,311$1,342$745$400$209$34
47 years$2,236$1,280$700$369$190$30
48 years$2,165$1,222$658$341$173$26
49 years$2,096$1,167$618$315$157$22
50 years$2,031$1,115$581$292$143$19

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 $3,981 every year, while hoping to spend $21,198 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: 26/50/24 Blend
29$2,080,000$2,080,000$2,080,000$2,080,000
30$2,296,266$2,186,026$2,153,786$2,338,480
31$2,507,931$2,270,587$2,203,384$2,457,355
32$2,740,475$2,358,581$2,253,932$2,582,716
33$2,996,006$2,450,154$2,305,441$2,716,780
34$3,276,845$2,545,457$2,357,920$2,860,294
35$3,585,549$2,644,651$2,411,376$3,014,077
36$3,924,937$2,747,901$2,465,820$3,179,025
37$4,298,114$2,855,381$2,521,257$3,356,120
38$4,708,498$2,967,272$2,577,696$3,546,440
39$5,159,859$3,083,762$2,635,143$3,751,164
40$5,656,348$3,205,050$2,693,604$3,971,588
41$6,202,540$3,331,342$2,753,084$4,209,132
42$6,803,474$3,462,853$2,813,588$4,465,354
43$7,464,705$3,599,809$2,875,119$4,741,964
44$8,192,350$3,742,445$2,937,681$5,040,840
45$8,993,152$3,891,007$3,001,275$5,364,043
46$9,874,539$4,045,751$3,065,903$5,713,837
47$10,844,696$4,206,947$3,131,565$6,092,707
48$11,912,642$4,374,875$3,198,260$6,503,385
49$13,088,314$4,549,827$3,265,985$6,948,871
50$14,382,664$4,732,110$3,334,737$7,432,462
51$15,807,757$4,922,045$3,404,511$7,957,783
52$17,376,888$5,119,965$3,475,303$8,528,816
53$19,104,708$5,326,220$3,547,102$9,149,942
54$21,007,360$5,541,177$3,619,902$9,825,975
55$23,102,632$5,765,216$3,693,690$10,562,209
56$25,410,127$5,998,738$3,768,455$11,364,467
57$27,951,443$6,242,159$3,844,182$12,239,154
58$30,750,383$6,495,917$3,920,854$13,193,314
59$33,833,172$6,760,468$3,998,454$14,234,697
60$37,228,714$7,036,289$4,076,960$15,371,828
61$40,968,854$7,323,878$4,156,349$16,614,088
62$45,088,687$7,623,758$4,236,597$17,971,801
63$49,626,884$7,936,474$4,317,674$19,456,325
64$54,626,062$8,262,596$4,399,551$21,080,162
65$60,133,178$8,602,721$4,482,194$22,857,072
66$66,199,980$8,957,473$4,565,566$24,802,200
67$72,883,493$9,327,504$4,649,627$26,932,216
68$80,246,554$9,713,496$4,734,335$29,265,473
69$88,358,410$10,116,164$4,819,642$31,822,172
70$97,295,365$10,536,254$4,905,498$34,624,558
71$107,141,509$10,974,547$4,991,848$37,697,119
72$117,989,503$11,431,860$5,078,635$41,066,819
73$129,941,459$11,909,048$5,165,796$44,763,347
74$143,109,900$12,407,004$5,253,262$48,819,396
75$157,618,826$12,926,663$5,340,963$53,270,967
76$173,604,882$13,469,005$5,428,821$58,157,707
77$191,218,647$14,035,054$5,516,754$63,523,275
78$210,626,057$14,625,879$5,604,673$69,415,757
79$232,009,971$15,242,603$5,692,486$75,888,109
80$255,571,896$15,886,399$5,780,092$82,998,658
81$281,533,889$16,558,493$5,867,385$90,811,646
82$310,140,657$17,260,170$5,954,253$99,397,831
83$341,661,859$17,992,773$6,040,576$108,835,152
84$376,394,661$18,757,711$6,126,227$119,209,460
85$414,666,531$19,556,454$6,211,071$130,615,318
86$456,838,340$20,390,543$6,294,965$143,156,898
87$503,307,762$21,261,591$6,377,757$156,948,948
88$554,513,031$22,171,286$6,459,289$172,117,878
89$610,937,075$23,121,393$6,539,390$188,802,941
90$673,112,078$24,113,763$6,617,881$207,157,543
91$741,624,504$25,150,331$6,694,574$227,350,688
92$817,120,629$26,233,124$6,769,268$249,568,559
93$900,312,647$27,364,261$6,841,752$274,016,275
94$991,985,391$28,545,964$6,911,805$300,919,816
95$1,093,003,743$29,780,557$6,979,192$330,528,149
96$1,204,320,795$31,070,475$7,043,665$363,115,569
97$1,326,986,852$32,418,264$7,104,964$398,984,283
98$1,462,159,345$33,826,594$7,162,815$438,467,249
99$1,611,113,757$35,298,256$7,216,928$481,931,312
100$1,775,255,666$36,836,176$7,267,001$529,780,656