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%14.4%
1 years$176,719$175,145$173,609$172,110$170,647$167,544
2 years$87,485$85,855$84,276$82,745$81,260$78,145
3 years$57,744$56,107$54,532$53,016$51,555$48,525
4 years$42,876$41,245$39,686$38,195$36,769$33,848
5 years$33,958$32,337$30,798$29,337$27,951$25,146
6 years$28,015$26,405$24,889$23,461$22,117$19,432
7 years$23,771$22,175$20,683$19,289$17,987$15,422
8 years$20,590$19,008$17,541$16,181$14,922$12,477
9 years$18,116$16,550$15,108$13,783$12,567$10,240
10 years$16,139$14,588$13,171$11,881$10,707$8,497
11 years$14,522$12,987$11,596$10,340$9,209$7,112
12 years$13,176$11,656$10,291$9,069$7,980$5,995
13 years$12,038$10,534$9,194$8,007$6,959$5,081
14 years$11,063$9,575$8,261$7,108$6,100$4,327
15 years$10,219$8,747$7,459$6,339$5,371$3,699
16 years$9,481$8,025$6,762$5,676$4,747$3,172
17 years$8,831$7,391$6,154$5,100$4,209$2,727
18 years$8,253$6,829$5,617$4,596$3,742$2,351
19 years$7,737$6,330$5,142$4,153$3,336$2,030
20 years$7,273$5,882$4,719$3,761$2,979$1,756
21 years$6,854$5,479$4,341$3,413$2,666$1,521
22 years$6,473$5,114$4,001$3,104$2,390$1,319
23 years$6,127$4,783$3,694$2,826$2,145$1,145
24 years$5,809$4,481$3,416$2,578$1,928$995
25 years$5,517$4,206$3,164$2,354$1,735$865
26 years$5,248$3,953$2,935$2,153$1,563$753
27 years$5,000$3,720$2,725$1,970$1,409$656
28 years$4,770$3,505$2,533$1,805$1,271$571
29 years$4,556$3,307$2,358$1,655$1,148$498
30 years$4,356$3,123$2,196$1,519$1,037$434
31 years$4,170$2,952$2,047$1,395$938$378
32 years$3,996$2,793$1,910$1,282$848$330
33 years$3,832$2,645$1,783$1,179$768$288
34 years$3,679$2,507$1,666$1,085$695$251
35 years$3,535$2,378$1,558$999$630$220
36 years$3,399$2,257$1,457$920$570$192
37 years$3,271$2,144$1,364$848$517$167
38 years$3,149$2,037$1,277$781$469$146
39 years$3,034$1,937$1,197$720$425$128
40 years$2,926$1,843$1,122$664$386$112
41 years$2,823$1,754$1,052$613$350$97
42 years$2,725$1,671$987$566$317$85
43 years$2,631$1,592$926$522$288$74
44 years$2,543$1,518$869$482$261$65
45 years$2,458$1,447$816$445$237$57
46 years$2,377$1,381$766$411$216$50
47 years$2,301$1,317$720$380$196$43
48 years$2,227$1,258$677$351$178$38
49 years$2,157$1,201$636$325$161$33
50 years$2,089$1,147$598$300$147$29

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 $2,445 every year, while hoping to spend $56,178 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: 51/38/11 Blend
29$2,140,000$2,140,000$2,140,000$2,140,000
30$2,360,802$2,247,382$2,214,212$2,474,205
31$2,541,831$2,297,731$2,228,615$2,602,284
32$2,739,442$2,348,664$2,241,618$2,735,266
33$2,955,267$2,400,150$2,253,114$2,878,539
34$3,191,103$2,452,156$2,262,992$3,033,086
35$3,448,928$2,504,644$2,271,135$3,199,991
36$3,730,919$2,557,573$2,277,418$3,380,447
37$4,039,475$2,610,896$2,281,714$3,575,769
38$4,377,235$2,664,564$2,283,886$3,787,406
39$4,747,108$2,718,522$2,283,790$4,016,953
40$5,152,295$2,772,711$2,281,279$4,266,171
41$5,596,321$2,827,067$2,276,195$4,536,997
42$6,083,071$2,881,518$2,268,372$4,831,567
43$6,616,821$2,935,989$2,257,639$5,152,235
44$7,202,282$2,990,398$2,243,815$5,501,596
45$7,844,642$3,044,654$2,226,710$5,882,508
46$8,549,616$3,098,663$2,206,126$6,298,122
47$9,323,499$3,152,320$2,181,853$6,751,912
48$10,173,226$3,205,513$2,153,675$7,247,706
49$11,106,435$3,258,123$2,121,363$7,789,723
50$12,131,540$3,310,021$2,084,678$8,382,614
51$13,257,812$3,361,067$2,043,370$9,031,506
52$14,495,463$3,411,113$1,997,177$9,742,048
53$15,855,743$3,460,000$1,945,825$10,520,471
54$17,351,047$3,507,558$1,889,028$11,373,639
55$18,995,029$3,553,604$1,826,485$12,309,119
56$20,802,733$3,597,942$1,757,884$13,335,255
57$22,790,736$3,640,364$1,682,897$14,461,242
58$24,977,297$3,680,649$1,601,180$15,697,214
59$27,382,537$3,718,557$1,512,376$17,054,346
60$30,028,626$3,753,835$1,416,110$18,544,953
61$32,939,986$3,786,214$1,311,990$20,182,610
62$36,143,532$3,815,406$1,199,609$21,982,282
63$39,668,915$3,841,103$1,078,538$23,960,463
64$43,548,807$3,862,980$948,332$26,135,335
65$47,819,208$3,880,689$808,524$28,526,941
66$52,519,786$3,893,861$658,629$31,157,371
67$57,694,248$3,902,104$498,136$34,050,977
68$63,390,754$3,905,000$326,517$37,234,599
69$69,662,372$3,902,106$143,217$40,737,822
70$76,567,577$3,892,952$0$44,593,259
71$84,170,802$3,877,039$0$48,843,005
72$92,543,045$3,853,835$0$53,538,867
73$101,762,542$3,822,780$0$58,707,765
74$111,915,501$3,783,276$0$64,397,912
75$123,096,917$3,734,691$0$70,662,443
76$135,411,468$3,676,356$0$77,559,923
77$148,974,501$3,607,560$0$85,154,896
78$163,913,121$3,527,552$0$93,518,498
79$180,367,392$3,435,535$0$102,729,130
80$198,491,656$3,330,666$0$112,873,197
81$218,455,989$3,212,053$0$124,045,931
82$240,447,806$3,078,749$0$136,352,285
83$264,673,631$2,929,758$0$149,907,932
84$291,361,046$2,764,020$0$164,840,355
85$320,760,834$2,580,418$0$181,290,053
86$353,149,351$2,377,770$0$199,411,872
87$388,831,130$2,154,827$0$219,376,468
88$428,141,758$1,910,266$0$241,371,919
89$471,451,040$1,642,692$0$265,605,507
90$519,166,492$1,350,629$0$292,305,676
91$571,737,184$1,032,520$0$321,724,190
92$629,657,982$686,719$0$354,138,517
93$693,474,215$311,487$0$389,854,450
94$763,786,824$0$0$429,208,997
95$841,258,034$0$0$472,613,299
96$926,617,603$0$0$520,581,081
97$1,020,669,712$0$0$573,434,057
98$1,124,300,556$0$0$631,670,278
99$1,238,486,706$0$0$695,838,590
100$1,364,304,329$0$0$766,543,816