Can I retire at age 30 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$175,068$173,508$171,987$170,502$169,052$162,344
2 years$86,667$85,053$83,489$81,972$80,501$73,826
3 years$57,204$55,583$54,023$52,520$51,073$44,642
4 years$42,476$40,859$39,315$37,838$36,426$30,287
5 years$33,641$32,034$30,510$29,063$27,690$21,859
6 years$27,753$26,158$24,656$23,242$21,910$16,390
7 years$23,549$21,968$20,490$19,109$17,819$12,608
8 years$20,397$18,830$17,377$16,030$14,783$9,876
9 years$17,947$16,395$14,967$13,654$12,449$7,839
10 years$15,988$14,452$13,048$11,770$10,607$6,285
11 years$14,387$12,865$11,488$10,243$9,123$5,078
12 years$13,053$11,547$10,195$8,985$7,905$4,127
13 years$11,925$10,435$9,108$7,932$6,894$3,371
14 years$10,960$9,486$8,184$7,041$6,043$2,764
15 years$10,123$8,665$7,389$6,280$5,321$2,273
16 years$9,392$7,950$6,699$5,623$4,702$1,874
17 years$8,748$7,322$6,096$5,052$4,170$1,548
18 years$8,176$6,766$5,565$4,553$3,707$1,281
19 years$7,665$6,270$5,094$4,114$3,304$1,061
20 years$7,205$5,827$4,675$3,726$2,952$880
21 years$6,790$5,427$4,300$3,381$2,641$731
22 years$6,413$5,066$3,964$3,075$2,368$607
23 years$6,069$4,738$3,660$2,800$2,125$505
24 years$5,755$4,440$3,385$2,554$1,910$420
25 years$5,466$4,166$3,135$2,332$1,719$350
26 years$5,199$3,916$2,907$2,132$1,548$291
27 years$4,953$3,685$2,700$1,952$1,396$242
28 years$4,725$3,472$2,510$1,788$1,260$202
29 years$4,513$3,276$2,336$1,640$1,137$168
30 years$4,315$3,094$2,175$1,505$1,028$140
31 years$4,131$2,925$2,028$1,382$929$117
32 years$3,958$2,767$1,892$1,270$840$97
33 years$3,797$2,621$1,767$1,168$761$81
34 years$3,645$2,484$1,651$1,075$689$68
35 years$3,502$2,356$1,543$989$624$56
36 years$3,367$2,236$1,444$911$565$47
37 years$3,240$2,124$1,351$840$512$39
38 years$3,120$2,018$1,266$774$464$33
39 years$3,006$1,919$1,186$714$421$27
40 years$2,898$1,826$1,111$658$382$23
41 years$2,796$1,738$1,042$607$347$19
42 years$2,699$1,655$977$560$314$16
43 years$2,607$1,577$917$517$285$13
44 years$2,519$1,503$861$478$259$11
45 years$2,435$1,434$808$441$235$9
46 years$2,355$1,368$759$407$214$8
47 years$2,279$1,305$713$376$194$6
48 years$2,206$1,246$670$348$176$5
49 years$2,137$1,190$630$321$160$4
50 years$2,070$1,137$592$297$145$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,120,000, adding $4,262 every year, while hoping to spend $34,342 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: 76/5/19 Blend
29$2,120,000$2,120,000$2,120,000$2,120,000
30$2,340,636$2,228,276$2,195,416$2,507,926
31$2,542,842$2,300,922$2,232,423$2,691,888
32$2,764,521$2,375,977$2,269,519$2,888,869
33$3,007,624$2,453,522$2,306,670$3,103,938
34$3,274,299$2,533,642$2,343,841$3,338,891
35$3,566,912$2,616,424$2,380,993$3,595,707
36$3,888,068$2,701,960$2,418,088$3,876,564
37$4,240,638$2,790,344$2,455,081$4,183,865
38$4,627,784$2,881,671$2,491,927$4,520,252
39$5,052,989$2,976,044$2,528,577$4,888,640
40$5,520,089$3,073,566$2,564,980$5,292,236
41$6,033,312$3,174,344$2,601,081$5,734,577
42$6,597,314$3,278,492$2,636,822$6,219,556
43$7,217,226$3,386,123$2,672,141$6,751,465
44$7,898,699$3,497,359$2,706,973$7,335,030
45$8,647,959$3,612,322$2,741,249$7,975,460
46$9,471,867$3,731,142$2,774,897$8,678,492
47$10,377,980$3,853,951$2,807,840$9,450,449
48$11,374,627$3,980,888$2,839,995$10,298,296
49$12,470,982$4,112,094$2,871,278$11,229,708
50$13,677,153$4,247,718$2,901,597$12,253,141
51$15,004,279$4,387,913$2,930,857$13,377,914
52$16,464,632$4,532,836$2,958,957$14,614,292
53$18,071,733$4,682,654$2,985,790$15,973,589
54$19,840,481$4,837,535$3,011,245$17,468,270
55$21,787,293$4,997,657$3,035,205$19,112,069
56$23,930,256$5,163,202$3,057,543$20,920,122
57$26,289,302$5,334,359$3,078,131$22,909,107
58$28,886,394$5,511,325$3,096,831$25,097,399
59$31,745,729$5,694,303$3,113,498$27,505,249
60$34,893,973$5,883,504$3,127,981$30,154,971
61$38,360,510$6,079,146$3,140,119$33,071,154
62$42,177,714$6,281,457$3,149,745$36,280,892
63$46,381,263$6,490,671$3,156,684$39,814,044
64$51,010,469$6,707,030$3,160,750$43,703,511
65$56,108,651$6,930,789$3,161,749$47,985,549
66$61,723,543$7,162,207$3,159,477$52,700,111
67$67,907,746$7,401,558$3,153,722$57,891,223
68$74,719,223$7,649,121$3,144,258$63,607,401
69$82,221,844$7,905,188$3,130,851$69,902,107
70$90,485,993$8,170,063$3,113,255$76,834,257
71$99,589,226$8,444,058$3,091,212$84,468,773
72$109,617,010$8,727,499$3,064,450$92,877,197
73$120,663,523$9,020,724$3,032,686$102,138,369
74$132,832,545$9,324,083$2,995,625$112,339,168
75$146,238,440$9,637,939$2,952,954$123,575,333
76$161,007,231$9,962,668$2,904,348$135,952,368
77$177,277,792$10,298,662$2,849,467$149,586,535
78$195,203,156$10,646,326$2,787,953$164,605,956
79$214,951,963$11,006,081$2,719,435$181,151,818
80$236,710,048$11,378,363$2,643,520$199,379,709
81$260,682,197$11,763,627$2,559,802$219,461,085
82$287,094,078$12,162,341$2,467,852$241,584,889
83$316,194,373$12,574,995$2,367,224$265,959,335
84$348,257,124$13,002,095$2,257,452$292,813,875
85$383,584,321$13,444,168$2,138,046$322,401,362
86$422,508,747$13,901,758$2,008,496$355,000,440
87$465,397,129$14,375,433$1,868,270$390,918,173
88$512,653,588$14,865,782$1,716,810$430,492,945
89$564,723,464$15,373,415$1,553,533$474,097,653
90$622,097,512$15,898,967$1,377,831$522,143,230
91$685,316,540$16,443,098$1,189,070$575,082,522
92$754,976,508$17,006,491$986,584$633,414,567
93$831,734,160$17,589,857$769,683$697,689,300
94$916,313,219$18,193,934$537,642$768,512,752
95$1,009,511,220$18,819,490$289,706$846,552,768
96$1,112,207,041$19,467,321$25,087$932,545,312
97$1,225,369,193$20,138,254$0$1,027,301,415
98$1,350,064,972$20,833,150$0$1,131,766,999
99$1,487,470,526$21,552,901$0$1,246,883,638
100$1,638,881,963$22,298,437$0$1,373,731,804