Can I retire at age 30 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$176,719$175,145$173,609$172,110$170,647$166,386
2 years$87,485$85,855$84,276$82,745$81,260$76,995
3 years$57,744$56,107$54,532$53,016$51,555$47,418
4 years$42,876$41,245$39,686$38,195$36,769$32,793
5 years$33,958$32,337$30,798$29,337$27,951$24,146
6 years$28,015$26,405$24,889$23,461$22,117$18,487
7 years$23,771$22,175$20,683$19,289$17,987$14,533
8 years$20,590$19,008$17,541$16,181$14,922$11,642
9 years$18,116$16,550$15,108$13,783$12,567$9,457
10 years$16,139$14,588$13,171$11,881$10,707$7,766
11 years$14,522$12,987$11,596$10,340$9,209$6,430
12 years$13,176$11,656$10,291$9,069$7,980$5,360
13 years$12,038$10,534$9,194$8,007$6,959$4,492
14 years$11,063$9,575$8,261$7,108$6,100$3,781
15 years$10,219$8,747$7,459$6,339$5,371$3,194
16 years$9,481$8,025$6,762$5,676$4,747$2,707
17 years$8,831$7,391$6,154$5,100$4,209$2,299
18 years$8,253$6,829$5,617$4,596$3,742$1,957
19 years$7,737$6,330$5,142$4,153$3,336$1,669
20 years$7,273$5,882$4,719$3,761$2,979$1,425
21 years$6,854$5,479$4,341$3,413$2,666$1,218
22 years$6,473$5,114$4,001$3,104$2,390$1,043
23 years$6,127$4,783$3,694$2,826$2,145$893
24 years$5,809$4,481$3,416$2,578$1,928$766
25 years$5,517$4,206$3,164$2,354$1,735$657
26 years$5,248$3,953$2,935$2,153$1,563$564
27 years$5,000$3,720$2,725$1,970$1,409$484
28 years$4,770$3,505$2,533$1,805$1,271$416
29 years$4,556$3,307$2,358$1,655$1,148$358
30 years$4,356$3,123$2,196$1,519$1,037$308
31 years$4,170$2,952$2,047$1,395$938$264
32 years$3,996$2,793$1,910$1,282$848$228
33 years$3,832$2,645$1,783$1,179$768$196
34 years$3,679$2,507$1,666$1,085$695$168
35 years$3,535$2,378$1,558$999$630$145
36 years$3,399$2,257$1,457$920$570$125
37 years$3,271$2,144$1,364$848$517$107
38 years$3,149$2,037$1,277$781$469$92
39 years$3,034$1,937$1,197$720$425$80
40 years$2,926$1,843$1,122$664$386$69
41 years$2,823$1,754$1,052$613$350$59
42 years$2,725$1,671$987$566$317$51
43 years$2,631$1,592$926$522$288$44
44 years$2,543$1,518$869$482$261$38
45 years$2,458$1,447$816$445$237$32
46 years$2,377$1,381$766$411$216$28
47 years$2,301$1,317$720$380$196$24
48 years$2,227$1,258$677$351$178$21
49 years$2,157$1,201$636$325$161$18
50 years$2,089$1,147$598$300$147$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,140,000, adding $2,347 every year, while hoping to spend $27,340 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: 59/26/15 Blend
29$2,140,000$2,140,000$2,140,000$2,140,000
30$2,360,701$2,247,281$2,214,111$2,490,858
31$2,572,403$2,328,308$2,259,194$2,660,047
32$2,804,782$2,412,389$2,304,871$2,841,220
33$3,059,919$2,499,645$2,351,133$3,038,148
34$3,340,105$2,590,202$2,397,970$3,252,355
35$3,647,864$2,684,190$2,445,371$3,485,514
36$3,985,977$2,781,747$2,493,322$3,739,471
37$4,357,507$2,883,013$2,541,809$4,016,252
38$4,765,830$2,988,138$2,590,817$4,318,091
39$5,214,663$3,097,275$2,640,328$4,647,443
40$5,708,103$3,210,586$2,690,323$5,007,015
41$6,250,663$3,328,238$2,740,782$5,399,781
42$6,847,314$3,450,405$2,791,681$5,829,020
43$7,503,535$3,577,270$2,842,997$6,298,338
44$8,225,361$3,709,021$2,894,703$6,811,708
45$9,019,441$3,845,857$2,946,769$7,373,502
46$9,893,103$3,987,983$2,999,165$7,988,537
47$10,854,420$4,135,614$3,051,858$8,662,113
48$11,912,286$4,288,975$3,104,810$9,400,070
49$13,076,502$4,448,297$3,157,984$10,208,837
50$14,357,866$4,613,825$3,211,337$11,095,497
51$15,768,278$4,785,812$3,264,827$12,067,847
52$17,320,848$4,964,522$3,318,404$13,134,477
53$19,030,022$5,150,232$3,372,018$14,304,847
54$20,911,720$5,343,228$3,425,616$15,589,377
55$22,983,481$5,543,811$3,479,140$16,999,545
56$25,264,632$5,752,294$3,532,527$18,547,992
57$27,776,471$5,969,003$3,585,713$20,248,645
58$30,542,465$6,194,279$3,638,629$22,116,844
59$33,588,474$6,428,476$3,691,200$24,169,488
60$36,942,992$6,671,965$3,743,349$26,425,192
61$40,637,418$6,925,132$3,794,992$28,904,465
62$44,706,353$7,188,382$3,846,042$31,629,899
63$49,187,922$7,462,133$3,896,406$34,626,383
64$54,124,139$7,746,827$3,945,985$37,921,338
65$59,561,300$8,042,921$3,994,674$41,544,975
66$65,550,422$8,350,893$4,042,365$45,530,577
67$72,147,721$8,671,242$4,088,940$49,914,812
68$79,415,145$9,004,490$4,134,277$54,738,083
69$87,420,960$9,351,181$4,178,245$60,044,902
70$96,240,391$9,711,881$4,220,709$65,884,312
71$105,956,332$10,087,185$4,261,524$72,310,349
72$116,660,131$10,477,710$4,300,538$79,382,552
73$128,452,450$10,884,102$4,337,591$87,166,520
74$141,444,213$11,307,037$4,372,515$95,734,533
75$155,757,660$11,747,219$4,405,131$105,166,232
76$171,527,492$12,205,383$4,435,253$115,549,370
77$188,902,146$12,682,297$4,462,684$126,980,638
78$208,045,199$13,178,764$4,487,218$139,566,575
79$229,136,908$13,695,621$4,508,638$153,424,577
80$252,375,910$14,233,744$4,526,715$168,683,998
81$277,981,101$14,794,047$4,541,209$185,487,372
82$306,193,703$15,377,484$4,551,868$203,991,757
83$337,279,533$15,985,053$4,558,428$224,370,215
84$371,531,521$16,617,797$4,560,612$246,813,444
85$409,272,470$17,276,803$4,558,126$271,531,576
86$450,858,106$17,963,210$4,550,667$298,756,160
87$496,680,431$18,678,206$4,537,913$328,742,343
88$547,171,430$19,423,033$4,519,528$361,771,280
89$602,807,143$20,198,988$4,495,159$398,152,783
90$664,112,161$21,007,428$4,464,436$438,228,242
91$731,664,580$21,849,771$4,426,974$482,373,852
92$806,101,455$22,727,498$4,382,365$531,004,155
93$888,124,814$23,642,156$4,330,185$584,575,951
94$978,508,288$24,595,364$4,269,989$643,592,612
95$1,078,104,411$25,588,814$4,201,311$708,608,830
96$1,187,852,668$26,624,274$4,123,663$780,235,846
97$1,308,788,369$27,703,592$4,036,534$859,147,222
98$1,442,052,415$28,828,700$3,939,390$946,085,195
99$1,588,902,074$30,001,619$3,831,672$1,041,867,680
100$1,750,722,849$31,224,461$3,712,796$1,147,395,988