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%20%
1 years$175,068$173,508$171,987$170,502$169,052$162,280
2 years$86,667$85,053$83,489$81,972$80,501$73,764
3 years$57,204$55,583$54,023$52,520$51,073$44,583
4 years$42,476$40,859$39,315$37,838$36,426$30,231
5 years$33,641$32,034$30,510$29,063$27,690$21,807
6 years$27,753$26,158$24,656$23,242$21,910$16,343
7 years$23,549$21,968$20,490$19,109$17,819$12,564
8 years$20,397$18,830$17,377$16,030$14,783$9,836
9 years$17,947$16,395$14,967$13,654$12,449$7,802
10 years$15,988$14,452$13,048$11,770$10,607$6,251
11 years$14,387$12,865$11,488$10,243$9,123$5,048
12 years$13,053$11,547$10,195$8,985$7,905$4,100
13 years$11,925$10,435$9,108$7,932$6,894$3,346
14 years$10,960$9,486$8,184$7,041$6,043$2,741
15 years$10,123$8,665$7,389$6,280$5,321$2,253
16 years$9,392$7,950$6,699$5,623$4,702$1,856
17 years$8,748$7,322$6,096$5,052$4,170$1,532
18 years$8,176$6,766$5,565$4,553$3,707$1,267
19 years$7,665$6,270$5,094$4,114$3,304$1,049
20 years$7,205$5,827$4,675$3,726$2,952$869
21 years$6,790$5,427$4,300$3,381$2,641$721
22 years$6,413$5,066$3,964$3,075$2,368$599
23 years$6,069$4,738$3,660$2,800$2,125$497
24 years$5,755$4,440$3,385$2,554$1,910$413
25 years$5,466$4,166$3,135$2,332$1,719$344
26 years$5,199$3,916$2,907$2,132$1,548$286
27 years$4,953$3,685$2,700$1,952$1,396$238
28 years$4,725$3,472$2,510$1,788$1,260$198
29 years$4,513$3,276$2,336$1,640$1,137$165
30 years$4,315$3,094$2,175$1,505$1,028$137
31 years$4,131$2,925$2,028$1,382$929$114
32 years$3,958$2,767$1,892$1,270$840$95
33 years$3,797$2,621$1,767$1,168$761$79
34 years$3,645$2,484$1,651$1,075$689$66
35 years$3,502$2,356$1,543$989$624$55
36 years$3,367$2,236$1,444$911$565$46
37 years$3,240$2,124$1,351$840$512$38
38 years$3,120$2,018$1,266$774$464$32
39 years$3,006$1,919$1,186$714$421$27
40 years$2,898$1,826$1,111$658$382$22
41 years$2,796$1,738$1,042$607$347$18
42 years$2,699$1,655$977$560$314$15
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$7
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 $2,504 every year, while hoping to spend $44,728 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: 85/7/8 Blend
29$2,120,000$2,120,000$2,120,000$2,120,000
30$2,338,823$2,226,463$2,193,603$2,535,392
31$2,529,793$2,287,969$2,219,498$2,725,587
32$2,738,742$2,350,990$2,244,762$2,928,166
33$2,967,458$2,415,553$2,269,326$3,149,319
34$3,217,908$2,481,685$2,293,118$3,390,887
35$3,492,259$2,549,411$2,316,061$3,654,894
36$3,792,896$2,618,760$2,338,076$3,943,571
37$4,122,448$2,689,755$2,359,078$4,259,375
38$4,483,808$2,762,424$2,378,978$4,605,010
39$4,880,165$2,836,791$2,397,682$4,983,457
40$5,315,029$2,912,880$2,415,091$5,397,999
41$5,792,267$2,990,717$2,431,102$5,852,251
42$6,316,139$3,070,323$2,445,605$6,350,197
43$6,891,338$3,151,721$2,458,485$6,896,223
44$7,523,031$3,234,933$2,469,622$7,495,163
45$8,216,915$3,319,978$2,478,888$8,152,343
46$8,979,260$3,406,877$2,486,150$8,873,627
47$9,816,977$3,495,646$2,491,269$9,665,480
48$10,737,679$3,586,303$2,494,097$10,535,021
49$11,749,752$3,678,863$2,494,480$11,490,094
50$12,862,438$3,773,338$2,492,255$12,539,343
51$14,085,915$3,869,740$2,487,254$13,692,290
52$15,431,399$3,968,078$2,479,298$14,959,427
53$16,911,247$4,068,359$2,468,200$16,352,314
54$18,539,074$4,170,588$2,453,764$17,883,688
55$20,329,879$4,274,767$2,435,786$19,567,583
56$22,300,192$4,380,896$2,414,049$21,419,463
57$24,468,221$4,488,969$2,388,329$23,456,367
58$26,854,032$4,598,981$2,358,390$25,697,071
59$29,479,732$4,710,919$2,323,985$28,162,260
60$32,369,680$4,824,771$2,284,855$30,874,732
61$35,550,719$4,940,516$2,240,729$33,859,603
62$39,052,422$5,058,131$2,191,323$37,144,553
63$42,907,379$5,177,589$2,136,342$40,760,081
64$47,151,497$5,298,856$2,075,475$44,739,793
65$51,824,343$5,421,893$2,008,396$49,120,724
66$56,969,516$5,546,656$1,934,768$53,943,681
67$62,635,058$5,673,094$1,854,234$59,253,632
68$68,873,907$5,801,149$1,766,424$65,100,130
69$75,744,396$5,930,755$1,670,950$71,537,778
70$83,310,803$6,061,841$1,567,405$78,626,749
71$91,643,959$6,194,325$1,455,368$86,433,347
72$100,821,914$6,328,118$1,334,393$95,030,641
73$110,930,674$6,463,120$1,204,020$104,499,146
74$122,065,012$6,599,223$1,063,764$114,927,590
75$134,329,364$6,736,306$913,121$126,413,747
76$147,838,812$6,874,238$751,564$139,065,363
77$162,720,171$7,012,876$578,541$153,001,169
78$179,113,186$7,152,064$393,480$168,352,005
79$197,171,848$7,291,632$195,779$185,262,054
80$217,065,851$7,431,397$0$203,890,203
81$238,982,190$7,571,157$0$224,412,841
82$263,126,928$7,710,699$0$247,039,535
83$289,727,139$7,849,787$0$271,966,239
84$319,033,051$7,988,170$0$299,427,325
85$351,320,409$8,125,577$0$329,681,061
86$386,893,076$8,261,716$0$363,012,056
87$426,085,901$8,396,271$0$399,733,940
88$469,267,881$8,528,907$0$440,192,326
89$516,845,642$8,659,260$0$484,768,075
90$569,267,276$8,786,942$0$533,880,887
91$627,026,573$8,911,538$0$587,993,265
92$690,667,680$9,032,600$0$647,614,877
93$760,790,239$9,149,653$0$713,307,374
94$838,055,045$9,262,187$0$785,689,684
95$923,190,282$9,369,657$0$865,443,860
96$1,016,998,404$9,471,483$0$953,321,515
97$1,120,363,698$9,567,043$0$1,050,150,918
98$1,234,260,644$9,655,677$0$1,156,844,813
99$1,359,763,104$9,736,679$0$1,274,409,036
100$1,498,054,462$9,809,298$0$1,403,952,009