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

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$171,764$170,234$168,742$167,285$165,862$163,451
2 years$85,032$83,448$81,913$80,425$78,982$76,558
3 years$56,125$54,534$53,003$51,529$50,109$47,748
4 years$41,674$40,089$38,573$37,124$35,738$33,457
5 years$33,006$31,430$29,934$28,515$27,168$24,974
6 years$27,229$25,665$24,191$22,803$21,497$19,393
7 years$23,104$21,553$20,103$18,748$17,483$15,469
8 years$20,012$18,475$17,049$15,727$14,504$12,580
9 years$17,609$16,086$14,684$13,396$12,214$10,380
10 years$15,687$14,179$12,802$11,548$10,407$8,661
11 years$14,115$12,623$11,271$10,050$8,950$7,290
12 years$12,807$11,329$10,003$8,815$7,756$6,180
13 years$11,700$10,239$8,937$7,782$6,764$5,270
14 years$10,753$9,307$8,030$6,908$5,929$4,515
15 years$9,932$8,502$7,250$6,161$5,220$3,883
16 years$9,215$7,800$6,573$5,517$4,614$3,351
17 years$8,583$7,184$5,981$4,957$4,091$2,900
18 years$8,022$6,638$5,460$4,467$3,637$2,516
19 years$7,520$6,152$4,998$4,036$3,242$2,187
20 years$7,069$5,717$4,587$3,656$2,896$1,904
21 years$6,662$5,325$4,219$3,318$2,591$1,661
22 years$6,292$4,971$3,889$3,016$2,323$1,450
23 years$5,955$4,649$3,591$2,747$2,085$1,268
24 years$5,646$4,356$3,321$2,506$1,874$1,109
25 years$5,363$4,088$3,076$2,288$1,686$972
26 years$5,101$3,842$2,852$2,092$1,519$852
27 years$4,860$3,616$2,649$1,915$1,370$747
28 years$4,636$3,407$2,462$1,755$1,236$655
29 years$4,428$3,214$2,291$1,609$1,116$575
30 years$4,234$3,035$2,134$1,477$1,008$505
31 years$4,053$2,869$1,990$1,356$912$444
32 years$3,884$2,715$1,857$1,246$825$390
33 years$3,725$2,571$1,733$1,146$746$343
34 years$3,576$2,437$1,620$1,055$676$302
35 years$3,436$2,311$1,514$971$612$265
36 years$3,304$2,194$1,417$894$554$234
37 years$3,179$2,084$1,326$824$503$206
38 years$3,061$1,980$1,242$759$456$181
39 years$2,949$1,883$1,163$700$413$159
40 years$2,844$1,791$1,090$646$375$140
41 years$2,743$1,705$1,022$596$340$123
42 years$2,648$1,624$959$550$309$109
43 years$2,558$1,547$900$508$280$96
44 years$2,471$1,475$845$469$254$84
45 years$2,389$1,407$793$433$231$74
46 years$2,311$1,342$745$400$209$65
47 years$2,236$1,280$700$369$190$58
48 years$2,165$1,222$658$341$173$51
49 years$2,096$1,167$618$315$157$45
50 years$2,031$1,115$581$292$143$39

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 $3,787 every year, while hoping to spend $30,324 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: 63/29/8 Blend
29$2,080,000$2,080,000$2,080,000$2,080,000
30$2,296,066$2,185,826$2,153,586$2,436,759
31$2,498,001$2,260,667$2,193,467$2,605,954
32$2,719,516$2,338,159$2,233,667$2,786,723
33$2,962,577$2,418,400$2,274,166$2,983,314
34$3,229,350$2,501,491$2,314,940$3,197,260
35$3,522,217$2,587,538$2,355,964$3,430,245
36$3,843,807$2,676,651$2,397,213$3,684,124
37$4,197,012$2,768,943$2,438,656$3,960,939
38$4,585,019$2,864,534$2,480,263$4,262,937
39$5,011,341$2,963,546$2,522,002$4,592,589
40$5,479,845$3,066,107$2,563,836$4,952,617
41$5,994,793$3,172,349$2,605,728$5,346,017
42$6,560,879$3,282,412$2,647,638$5,776,088
43$7,183,277$3,396,439$2,689,522$6,246,461
44$7,867,685$3,514,578$2,731,334$6,761,134
45$8,620,381$3,636,985$2,773,027$7,324,509
46$9,448,284$3,763,820$2,814,547$7,941,433
47$10,359,014$3,895,253$2,855,839$8,617,245
48$11,360,970$4,031,456$2,896,846$9,357,823
49$12,463,403$4,172,612$2,937,504$10,169,641
50$13,676,507$4,318,907$2,977,748$11,059,827
51$15,011,517$4,470,540$3,017,509$12,036,235
52$16,480,808$4,627,712$3,056,711$13,107,513
53$18,098,017$4,790,636$3,095,278$14,283,186
54$19,878,170$4,959,533$3,133,125$15,573,748
55$21,837,825$5,134,632$3,170,167$16,990,756
56$23,995,226$5,316,172$3,206,310$18,546,941
57$26,370,474$5,504,400$3,241,456$20,256,327
58$28,985,722$5,699,574$3,275,504$22,134,362
59$31,865,377$5,901,965$3,308,345$24,198,066
60$35,036,334$6,111,850$3,339,864$26,466,187
61$38,528,231$6,329,522$3,369,940$28,959,379
62$42,373,724$6,555,282$3,398,447$31,700,396
63$46,608,800$6,789,446$3,425,250$34,714,306
64$51,273,111$7,032,343$3,450,210$38,028,729
65$56,410,354$7,284,313$3,473,178$41,674,092
66$62,068,679$7,545,713$3,493,997$45,683,918
67$68,301,143$7,816,912$3,512,505$50,095,145
68$75,166,214$8,098,295$3,528,529$54,948,466
69$82,728,321$8,390,265$3,541,888$60,288,718
70$91,058,460$8,693,238$3,552,391$66,165,305
71$100,234,867$9,007,651$3,559,840$72,632,656
72$110,343,753$9,333,955$3,564,024$79,750,748
73$121,480,121$9,672,624$3,564,724$87,585,661
74$133,748,659$10,024,148$3,561,708$96,210,208
75$147,264,732$10,389,041$3,554,735$105,704,617
76$162,155,465$10,767,835$3,543,550$116,157,289
77$178,560,951$11,161,087$3,527,886$127,665,630
78$196,635,563$11,569,375$3,507,466$140,336,970
79$216,549,419$11,993,304$3,481,995$154,289,576
80$238,489,985$12,433,501$3,451,167$169,653,762
81$262,663,843$12,890,622$3,414,661$186,573,125
82$289,298,644$13,365,351$3,372,140$205,205,892
83$318,645,251$13,858,398$3,323,252$225,726,416
84$350,980,113$14,370,507$3,267,628$248,326,821
85$386,607,873$14,902,450$3,204,882$273,218,811
86$425,864,239$15,455,033$3,134,609$300,635,667
87$469,119,159$16,029,097$3,056,386$330,834,450
88$516,780,309$16,625,519$2,969,770$364,098,425
89$569,296,943$17,245,212$2,874,300$400,739,730
90$627,164,132$17,889,128$2,769,490$441,102,323
91$690,927,440$18,558,262$2,654,835$485,565,229
92$761,188,072$19,253,649$2,529,804$534,546,111
93$838,608,547$19,976,370$2,393,845$588,505,215
94$923,918,959$20,727,553$2,246,379$647,949,711
95$1,017,923,862$21,508,372$2,086,801$713,438,475
96$1,121,509,868$22,320,053$1,914,481$785,587,370
97$1,235,654,015$23,163,877$1,728,757$865,075,050
98$1,361,432,996$24,041,178$1,528,941$952,649,366
99$1,500,033,314$24,953,348$1,314,313$1,049,134,428
100$1,652,762,490$25,901,841$1,084,121$1,155,438,373