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%12.5%
1 years$175,068$173,508$171,987$170,502$169,052$167,286
2 years$86,667$85,053$83,489$81,972$80,501$78,723
3 years$57,204$55,583$54,023$52,520$51,073$49,338
4 years$42,476$40,859$39,315$37,838$36,426$34,747
5 years$33,641$32,034$30,510$29,063$27,690$26,072
6 years$27,753$26,158$24,656$23,242$21,910$20,355
7 years$23,549$21,968$20,490$19,109$17,819$16,328
8 years$20,397$18,830$17,377$16,030$14,783$13,355
9 years$17,947$16,395$14,967$13,654$12,449$11,084
10 years$15,988$14,452$13,048$11,770$10,607$9,305
11 years$14,387$12,865$11,488$10,243$9,123$7,881
12 years$13,053$11,547$10,195$8,985$7,905$6,724
13 years$11,925$10,435$9,108$7,932$6,894$5,771
14 years$10,960$9,486$8,184$7,041$6,043$4,977
15 years$10,123$8,665$7,389$6,280$5,321$4,310
16 years$9,392$7,950$6,699$5,623$4,702$3,745
17 years$8,748$7,322$6,096$5,052$4,170$3,264
18 years$8,176$6,766$5,565$4,553$3,707$2,852
19 years$7,665$6,270$5,094$4,114$3,304$2,497
20 years$7,205$5,827$4,675$3,726$2,952$2,191
21 years$6,790$5,427$4,300$3,381$2,641$1,925
22 years$6,413$5,066$3,964$3,075$2,368$1,694
23 years$6,069$4,738$3,660$2,800$2,125$1,492
24 years$5,755$4,440$3,385$2,554$1,910$1,316
25 years$5,466$4,166$3,135$2,332$1,719$1,162
26 years$5,199$3,916$2,907$2,132$1,548$1,026
27 years$4,953$3,685$2,700$1,952$1,396$907
28 years$4,725$3,472$2,510$1,788$1,260$803
29 years$4,513$3,276$2,336$1,640$1,137$710
30 years$4,315$3,094$2,175$1,505$1,028$629
31 years$4,131$2,925$2,028$1,382$929$557
32 years$3,958$2,767$1,892$1,270$840$494
33 years$3,797$2,621$1,767$1,168$761$438
34 years$3,645$2,484$1,651$1,075$689$388
35 years$3,502$2,356$1,543$989$624$344
36 years$3,367$2,236$1,444$911$565$306
37 years$3,240$2,124$1,351$840$512$271
38 years$3,120$2,018$1,266$774$464$241
39 years$3,006$1,919$1,186$714$421$214
40 years$2,898$1,826$1,111$658$382$190
41 years$2,796$1,738$1,042$607$347$169
42 years$2,699$1,655$977$560$314$150
43 years$2,607$1,577$917$517$285$133
44 years$2,519$1,503$861$478$259$118
45 years$2,435$1,434$808$441$235$105
46 years$2,355$1,368$759$407$214$93
47 years$2,279$1,305$713$376$194$83
48 years$2,206$1,246$670$348$176$74
49 years$2,137$1,190$630$321$160$65
50 years$2,070$1,137$592$297$145$58

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 $3,832 every year, while hoping to spend $46,819 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: 58/16/26 Blend
29$2,120,000$2,120,000$2,120,000$2,120,000
30$2,340,193$2,227,833$2,194,973$2,459,189
31$2,529,077$2,287,181$2,218,689$2,600,321
32$2,735,659$2,347,869$2,241,631$2,748,829
33$2,961,693$2,409,912$2,263,723$2,909,773
34$3,209,114$2,473,325$2,284,885$3,084,371
35$3,480,049$2,538,123$2,305,034$3,273,962
36$3,776,843$2,604,320$2,324,082$3,480,024
37$4,102,077$2,671,929$2,341,935$3,704,184
38$4,458,595$2,740,960$2,358,497$3,948,236
39$4,849,529$2,811,424$2,373,663$4,214,155
40$5,278,327$2,883,329$2,387,326$4,504,118
41$5,748,787$2,956,684$2,399,373$4,820,523
42$6,265,095$3,031,493$2,409,684$5,166,015
43$6,831,860$3,107,760$2,418,133$5,543,506
44$7,454,157$3,185,488$2,424,588$5,956,207
45$8,137,580$3,264,677$2,428,911$6,407,654
46$8,888,291$3,345,323$2,430,957$6,901,747
47$9,713,075$3,427,422$2,430,572$7,442,781
48$10,619,409$3,510,967$2,427,597$8,035,492
49$11,615,531$3,595,946$2,421,864$8,685,097
50$12,710,515$3,682,348$2,413,196$9,397,347
51$13,914,359$3,770,154$2,401,410$10,178,580
52$15,238,078$3,859,345$2,386,311$11,035,782
53$16,693,805$3,949,897$2,367,696$11,976,649
54$18,294,913$4,041,781$2,345,353$13,009,666
55$20,056,131$4,134,966$2,319,059$14,144,183
56$21,993,690$4,229,413$2,288,582$15,390,506
57$24,125,473$4,325,081$2,253,676$16,759,991
58$26,471,184$4,421,922$2,214,086$18,265,157
59$29,052,531$4,519,883$2,169,545$19,919,799
60$31,893,437$4,618,904$2,119,772$21,739,121
61$35,020,257$4,718,921$2,064,474$23,739,879
62$38,462,035$4,819,859$2,003,345$25,940,542
63$42,250,769$4,921,639$1,936,065$28,361,464
64$46,421,722$5,024,173$1,862,297$31,025,078
65$51,013,744$5,127,365$1,781,691$33,956,106
66$56,069,649$5,231,109$1,693,880$37,181,796
67$61,636,610$5,335,290$1,598,482$40,732,177
68$67,766,608$5,439,783$1,495,095$44,640,347
69$74,516,923$5,544,453$1,383,301$48,942,780
70$81,950,671$5,649,153$1,262,663$53,679,677
71$90,137,401$5,753,723$1,132,724$58,895,340
72$99,153,752$5,857,991$993,007$64,638,599
73$109,084,174$5,961,773$843,012$70,963,265
74$120,021,727$6,064,867$682,220$77,928,645
75$132,068,955$6,167,057$510,087$85,600,100
76$145,338,859$6,268,114$326,045$94,049,664
77$159,955,958$6,367,786$129,502$103,356,725
78$176,057,465$6,465,807$0$113,608,773
79$193,794,585$6,561,890$0$124,924,491
80$213,333,938$6,655,728$0$137,427,672
81$234,859,132$6,746,992$0$151,199,649
82$258,572,498$6,835,329$0$166,369,682
83$284,696,996$6,920,363$0$183,080,216
84$313,478,322$7,001,693$0$201,488,219
85$345,187,222$7,078,887$0$221,766,669
86$380,122,055$7,151,489$0$244,106,186
87$418,611,602$7,219,009$0$268,716,829
88$461,018,170$7,280,926$0$295,830,084
89$507,741,017$7,336,685$0$325,701,043
90$559,220,113$7,385,694$0$358,610,818
91$615,940,295$7,427,324$0$394,869,189
92$678,435,848$7,460,906$0$434,817,536
93$747,295,541$7,485,727$0$478,832,055
94$823,168,189$7,501,030$0$527,327,314
95$906,768,775$7,506,011$0$580,760,163
96$998,885,199$7,499,814$0$639,634,053
97$1,100,385,718$7,481,534$0$704,503,782
98$1,212,227,138$7,450,206$0$775,980,741
99$1,335,463,849$7,404,809$0$854,738,678
100$1,471,257,774$7,344,257$0$941,520,065