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%14.9%
1 years$175,068$173,508$171,987$170,502$169,052$165,639
2 years$86,667$85,053$83,489$81,972$80,501$77,077
3 years$57,204$55,583$54,023$52,520$51,073$47,745
4 years$42,476$40,859$39,315$37,838$36,426$33,220
5 years$33,641$32,034$30,510$29,063$27,690$24,615
6 years$27,753$26,158$24,656$23,242$21,910$18,970
7 years$23,549$21,968$20,490$19,109$17,819$15,013
8 years$20,397$18,830$17,377$16,030$14,783$12,111
9 years$17,947$16,395$14,967$13,654$12,449$9,910
10 years$15,988$14,452$13,048$11,770$10,607$8,198
11 years$14,387$12,865$11,488$10,243$9,123$6,840
12 years$13,053$11,547$10,195$8,985$7,905$5,747
13 years$11,925$10,435$9,108$7,932$6,894$4,855
14 years$10,960$9,486$8,184$7,041$6,043$4,120
15 years$10,123$8,665$7,389$6,280$5,321$3,510
16 years$9,392$7,950$6,699$5,623$4,702$2,999
17 years$8,748$7,322$6,096$5,052$4,170$2,570
18 years$8,176$6,766$5,565$4,553$3,707$2,207
19 years$7,665$6,270$5,094$4,114$3,304$1,899
20 years$7,205$5,827$4,675$3,726$2,952$1,636
21 years$6,790$5,427$4,300$3,381$2,641$1,412
22 years$6,413$5,066$3,964$3,075$2,368$1,220
23 years$6,069$4,738$3,660$2,800$2,125$1,055
24 years$5,755$4,440$3,385$2,554$1,910$913
25 years$5,466$4,166$3,135$2,332$1,719$791
26 years$5,199$3,916$2,907$2,132$1,548$685
27 years$4,953$3,685$2,700$1,952$1,396$594
28 years$4,725$3,472$2,510$1,788$1,260$516
29 years$4,513$3,276$2,336$1,640$1,137$448
30 years$4,315$3,094$2,175$1,505$1,028$389
31 years$4,131$2,925$2,028$1,382$929$338
32 years$3,958$2,767$1,892$1,270$840$293
33 years$3,797$2,621$1,767$1,168$761$255
34 years$3,645$2,484$1,651$1,075$689$221
35 years$3,502$2,356$1,543$989$624$193
36 years$3,367$2,236$1,444$911$565$167
37 years$3,240$2,124$1,351$840$512$146
38 years$3,120$2,018$1,266$774$464$127
39 years$3,006$1,919$1,186$714$421$110
40 years$2,898$1,826$1,111$658$382$96
41 years$2,796$1,738$1,042$607$347$83
42 years$2,699$1,655$977$560$314$72
43 years$2,607$1,577$917$517$285$63
44 years$2,519$1,503$861$478$259$55
45 years$2,435$1,434$808$441$235$48
46 years$2,355$1,368$759$407$214$42
47 years$2,279$1,305$713$376$194$36
48 years$2,206$1,246$670$348$176$31
49 years$2,137$1,190$630$321$160$27
50 years$2,070$1,137$592$297$145$24

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 $3,550 every year, while hoping to spend $24,815 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: 69/21/10 Blend
29$2,120,000$2,120,000$2,120,000$2,120,000
30$2,339,902$2,227,542$2,194,682$2,496,432
31$2,552,169$2,310,288$2,241,801$2,683,460
32$2,785,255$2,396,258$2,289,666$2,884,649
33$3,041,259$2,485,582$2,338,278$3,104,083
34$3,322,490$2,578,398$2,387,632$3,343,547
35$3,631,494$2,674,849$2,437,728$3,605,008
36$3,971,074$2,775,085$2,488,560$3,890,632
37$4,344,321$2,879,261$2,540,124$4,202,801
38$4,754,637$2,987,540$2,592,413$4,544,138
39$5,205,771$3,100,092$2,645,421$4,917,531
40$5,701,856$3,217,092$2,699,138$5,326,159
41$6,247,442$3,338,726$2,753,556$5,773,523
42$6,847,543$3,465,186$2,808,662$6,263,476
43$7,507,685$3,596,673$2,864,445$6,800,264
44$8,233,955$3,733,395$2,920,890$7,388,558
45$9,033,059$3,875,573$2,977,981$8,033,506
46$9,912,389$4,023,433$3,035,700$8,740,776
47$10,880,085$4,177,214$3,094,029$9,516,609
48$11,945,121$4,337,165$3,152,946$10,367,880
49$13,117,381$4,503,543$3,212,428$11,302,161
50$14,407,758$4,676,621$3,272,448$12,327,790
51$15,828,254$4,856,681$3,332,980$13,453,954
52$17,392,094$5,044,017$3,393,993$14,690,771
53$19,113,851$5,238,937$3,455,455$16,049,386
54$21,009,582$5,441,762$3,517,331$17,542,075
55$23,096,980$5,652,829$3,579,582$19,182,363
56$25,395,542$5,872,488$3,642,168$20,985,147
57$27,926,751$6,101,103$3,705,044$22,966,840
58$30,714,281$6,339,059$3,768,165$25,145,521
59$33,784,217$6,586,752$3,831,478$27,541,108
60$37,165,305$6,844,601$3,894,930$30,175,545
61$40,889,219$7,113,039$3,958,463$33,073,008
62$44,990,864$7,392,523$4,022,016$36,260,129
63$49,508,701$7,683,525$4,085,523$39,766,253
64$54,485,114$7,986,543$4,148,913$43,623,710
65$59,966,806$8,302,095$4,212,113$47,868,118
66$66,005,244$8,630,721$4,275,042$52,538,723
67$72,657,140$8,972,988$4,337,617$57,678,763
68$79,984,989$9,329,485$4,399,748$63,335,881
69$88,057,658$9,700,830$4,461,340$69,562,567
70$96,951,038$10,087,669$4,522,293$76,416,658
71$106,748,754$10,490,675$4,582,500$83,961,880
72$117,542,961$10,910,553$4,641,849$92,268,449
73$129,435,212$11,348,038$4,700,219$101,413,734
74$142,537,412$11,803,901$4,757,485$111,482,983
75$156,972,881$12,278,945$4,813,514$122,570,128
76$172,877,512$12,774,010$4,868,164$134,778,671
77$190,401,058$13,289,976$4,921,286$148,222,659
78$209,708,541$13,827,761$4,972,725$163,027,759
79$230,981,815$14,388,324$5,022,314$179,332,442
80$254,421,277$14,972,669$5,069,879$197,289,292
81$280,247,763$15,581,845$5,115,236$217,066,438
82$308,704,630$16,216,950$5,158,190$238,849,146
83$340,060,052$16,879,130$5,198,540$262,841,563
84$374,609,554$17,569,585$5,236,068$289,268,644
85$412,678,803$18,289,569$5,270,550$318,378,269
86$454,626,676$19,040,393$5,301,749$350,443,589
87$500,848,652$19,823,428$5,329,413$385,765,594
88$551,780,547$20,640,108$5,353,281$424,675,959
89$607,902,624$21,491,934$5,373,076$467,540,167
90$669,744,126$22,380,474$5,388,509$514,760,963
91$737,888,278$23,307,368$5,399,276$566,782,147
92$812,977,787$24,274,333$5,405,056$624,092,767
93$895,720,910$25,283,164$5,405,513$687,231,728
94$986,898,142$26,335,739$5,400,298$756,792,883
95$1,087,369,583$27,434,021$5,389,038$833,430,627
96$1,198,083,058$28,580,065$5,371,349$917,866,082
97$1,320,083,064$29,776,022$5,346,822$1,010,893,893
98$1,454,520,629$31,024,140$5,315,034$1,113,389,733
99$1,602,664,183$32,326,772$5,275,537$1,226,318,561
100$1,765,911,526$33,686,380$5,227,864$1,350,743,733