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

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$175,068$173,508$171,987$170,502$169,052$163,444
2 years$86,667$85,053$83,489$81,972$80,501$74,906
3 years$57,204$55,583$54,023$52,520$51,073$45,666
4 years$42,476$40,859$39,315$37,838$36,426$31,248
5 years$33,641$32,034$30,510$29,063$27,690$22,756
6 years$27,753$26,158$24,656$23,242$21,910$17,223
7 years$23,549$21,968$20,490$19,109$17,819$13,379
8 years$20,397$18,830$17,377$16,030$14,783$10,586
9 years$17,947$16,395$14,967$13,654$12,449$8,490
10 years$15,988$14,452$13,048$11,770$10,607$6,881
11 years$14,387$12,865$11,488$10,243$9,123$5,621
12 years$13,053$11,547$10,195$8,985$7,905$4,621
13 years$11,925$10,435$9,108$7,932$6,894$3,818
14 years$10,960$9,486$8,184$7,041$6,043$3,168
15 years$10,123$8,665$7,389$6,280$5,321$2,637
16 years$9,392$7,950$6,699$5,623$4,702$2,201
17 years$8,748$7,322$6,096$5,052$4,170$1,841
18 years$8,176$6,766$5,565$4,553$3,707$1,543
19 years$7,665$6,270$5,094$4,114$3,304$1,295
20 years$7,205$5,827$4,675$3,726$2,952$1,088
21 years$6,790$5,427$4,300$3,381$2,641$915
22 years$6,413$5,066$3,964$3,075$2,368$771
23 years$6,069$4,738$3,660$2,800$2,125$650
24 years$5,755$4,440$3,385$2,554$1,910$548
25 years$5,466$4,166$3,135$2,332$1,719$462
26 years$5,199$3,916$2,907$2,132$1,548$390
27 years$4,953$3,685$2,700$1,952$1,396$329
28 years$4,725$3,472$2,510$1,788$1,260$278
29 years$4,513$3,276$2,336$1,640$1,137$235
30 years$4,315$3,094$2,175$1,505$1,028$199
31 years$4,131$2,925$2,028$1,382$929$168
32 years$3,958$2,767$1,892$1,270$840$142
33 years$3,797$2,621$1,767$1,168$761$120
34 years$3,645$2,484$1,651$1,075$689$101
35 years$3,502$2,356$1,543$989$624$86
36 years$3,367$2,236$1,444$911$565$72
37 years$3,240$2,124$1,351$840$512$61
38 years$3,120$2,018$1,266$774$464$52
39 years$3,006$1,919$1,186$714$421$44
40 years$2,898$1,826$1,111$658$382$37
41 years$2,796$1,738$1,042$607$347$31
42 years$2,699$1,655$977$560$314$27
43 years$2,607$1,577$917$517$285$22
44 years$2,519$1,503$861$478$259$19
45 years$2,435$1,434$808$441$235$16
46 years$2,355$1,368$759$407$214$14
47 years$2,279$1,305$713$376$194$11
48 years$2,206$1,246$670$348$176$10
49 years$2,137$1,190$630$321$160$8
50 years$2,070$1,137$592$297$145$7

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 $3,136 every year, while hoping to spend $20,445 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: 82/9/9 Blend
29$2,120,000$2,120,000$2,120,000$2,120,000
30$2,339,475$2,227,115$2,194,255$2,528,109
31$2,556,348$2,314,490$2,246,009$2,739,423
32$2,794,657$2,405,462$2,298,812$2,968,331
33$3,056,566$2,500,184$2,352,677$3,219,020
34$3,344,462$2,598,818$2,407,617$3,493,662
35$3,660,970$2,701,534$2,463,645$3,794,650
36$4,008,987$2,808,507$2,520,775$4,124,615
37$4,391,701$2,919,921$2,579,019$4,486,460
38$4,812,627$3,035,970$2,638,388$4,883,379
39$5,275,636$3,156,853$2,698,895$5,318,891
40$5,784,994$3,282,782$2,760,551$5,796,870
41$6,345,400$3,413,975$2,823,366$6,321,587
42$6,962,033$3,550,662$2,887,351$6,897,743
43$7,640,599$3,693,083$2,952,516$7,530,517
44$8,387,384$3,841,488$3,018,870$8,225,616
45$9,209,317$3,996,140$3,086,421$8,989,324
46$10,114,028$4,157,312$3,155,177$9,828,565
47$11,109,929$4,325,290$3,225,145$10,750,967
48$12,206,286$4,500,374$3,296,332$11,764,933
49$13,413,311$4,682,876$3,368,743$12,879,720
50$14,742,254$4,873,123$3,442,382$14,105,526
51$16,205,515$5,071,457$3,517,252$15,453,589
52$17,816,754$5,278,235$3,593,357$16,936,286
53$19,591,025$5,493,831$3,670,697$18,567,256
54$21,544,917$5,718,635$3,749,272$20,361,526
55$23,696,706$5,953,056$3,829,081$22,335,652
56$26,066,536$6,197,522$3,910,121$24,507,874
57$28,676,601$6,452,478$3,992,388$26,898,291
58$31,551,358$6,718,393$4,075,876$29,529,046
59$34,717,756$6,995,754$4,160,578$32,424,539
60$38,205,494$7,285,074$4,246,484$35,611,653
61$42,047,298$7,586,885$4,333,584$39,120,009
62$46,279,227$7,901,748$4,421,865$42,982,246
63$50,941,022$8,230,246$4,511,310$47,234,326
64$56,076,470$8,572,993$4,601,904$51,915,877
65$61,733,828$8,930,627$4,693,625$57,070,560
66$67,966,269$9,303,818$4,786,452$62,746,490
67$74,832,390$9,693,267$4,880,360$68,996,679
68$82,396,763$10,099,706$4,975,321$75,879,544
69$90,730,543$10,523,902$5,071,305$83,459,454
70$99,912,142$10,966,657$5,168,277$91,807,337
71$110,027,967$11,428,810$5,266,201$101,001,351
72$121,173,237$11,911,239$5,365,036$111,127,618
73$133,452,881$12,414,863$5,464,738$122,281,039
74$146,982,527$12,940,644$5,565,260$134,566,187
75$161,889,598$13,489,589$5,666,549$148,098,296
76$178,314,507$14,062,749$5,768,548$163,004,345
77$196,411,991$14,661,227$5,871,198$179,424,257
78$216,352,564$15,286,177$5,974,434$197,512,221
79$238,324,131$15,938,806$6,078,183$217,438,141
80$262,533,763$16,620,378$6,182,372$239,389,247
81$289,209,644$17,332,214$6,286,920$263,571,855
82$318,603,235$18,075,700$6,391,739$290,213,316
83$350,991,640$18,852,284$6,496,737$319,564,161
84$386,680,224$19,663,483$6,601,814$351,900,465
85$426,005,498$20,510,885$6,706,867$387,526,454
86$469,338,293$21,396,152$6,811,781$426,777,370
87$517,087,261$22,321,025$6,916,437$470,022,643
88$569,702,731$23,287,325$7,020,707$517,669,368
89$627,680,966$24,296,960$7,124,457$570,166,155
90$691,568,840$25,351,927$7,227,542$628,007,359
91$761,969,006$26,454,315$7,329,809$691,737,743
92$839,545,584$27,606,316$7,431,097$761,957,624
93$925,030,428$28,810,220$7,531,233$839,328,537
94$1,019,230,039$30,068,429$7,630,037$924,579,478
95$1,123,033,175$31,383,454$7,727,316$1,018,513,785
96$1,237,419,245$32,757,928$7,822,866$1,122,016,718
97$1,363,467,548$34,194,608$7,916,473$1,236,063,820
98$1,502,367,472$35,696,378$8,007,909$1,361,730,117
99$1,655,429,715$37,266,261$8,096,934$1,500,200,274
100$1,824,098,661$38,907,422$8,183,296$1,652,779,769