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%12.9%
1 years$176,719$175,145$173,609$172,110$170,647$168,584
2 years$87,485$85,855$84,276$82,745$81,260$79,185
3 years$57,744$56,107$54,532$53,016$51,555$49,531
4 years$42,876$41,245$39,686$38,195$36,769$34,812
5 years$33,958$32,337$30,798$29,337$27,951$26,067
6 years$28,015$26,405$24,889$23,461$22,117$20,307
7 years$23,771$22,175$20,683$19,289$17,987$16,253
8 years$20,590$19,008$17,541$16,181$14,922$13,263
9 years$18,116$16,550$15,108$13,783$12,567$10,982
10 years$16,139$14,588$13,171$11,881$10,707$9,197
11 years$14,522$12,987$11,596$10,340$9,209$7,771
12 years$13,176$11,656$10,291$9,069$7,980$6,613
13 years$12,038$10,534$9,194$8,007$6,959$5,660
14 years$11,063$9,575$8,261$7,108$6,100$4,869
15 years$10,219$8,747$7,459$6,339$5,371$4,205
16 years$9,481$8,025$6,762$5,676$4,747$3,644
17 years$8,831$7,391$6,154$5,100$4,209$3,167
18 years$8,253$6,829$5,617$4,596$3,742$2,759
19 years$7,737$6,330$5,142$4,153$3,336$2,409
20 years$7,273$5,882$4,719$3,761$2,979$2,107
21 years$6,854$5,479$4,341$3,413$2,666$1,846
22 years$6,473$5,114$4,001$3,104$2,390$1,619
23 years$6,127$4,783$3,694$2,826$2,145$1,422
24 years$5,809$4,481$3,416$2,578$1,928$1,250
25 years$5,517$4,206$3,164$2,354$1,735$1,100
26 years$5,248$3,953$2,935$2,153$1,563$969
27 years$5,000$3,720$2,725$1,970$1,409$854
28 years$4,770$3,505$2,533$1,805$1,271$753
29 years$4,556$3,307$2,358$1,655$1,148$664
30 years$4,356$3,123$2,196$1,519$1,037$586
31 years$4,170$2,952$2,047$1,395$938$518
32 years$3,996$2,793$1,910$1,282$848$457
33 years$3,832$2,645$1,783$1,179$768$404
34 years$3,679$2,507$1,666$1,085$695$357
35 years$3,535$2,378$1,558$999$630$316
36 years$3,399$2,257$1,457$920$570$279
37 years$3,271$2,144$1,364$848$517$247
38 years$3,149$2,037$1,277$781$469$218
39 years$3,034$1,937$1,197$720$425$193
40 years$2,926$1,843$1,122$664$386$171
41 years$2,823$1,754$1,052$613$350$151
42 years$2,725$1,671$987$566$317$134
43 years$2,631$1,592$926$522$288$119
44 years$2,543$1,518$869$482$261$105
45 years$2,458$1,447$816$445$237$93
46 years$2,377$1,381$766$411$216$82
47 years$2,301$1,317$720$380$196$73
48 years$2,227$1,258$677$351$178$64
49 years$2,157$1,201$636$325$161$57
50 years$2,089$1,147$598$300$147$51

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 $2,305 every year, while hoping to spend $49,045 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: 30/46/24 Blend
29$2,140,000$2,140,000$2,140,000$2,140,000
30$2,360,658$2,247,238$2,214,068$2,413,847
31$2,549,261$2,305,169$2,236,055$2,512,946
32$2,755,459$2,364,295$2,257,136$2,614,975
33$2,980,992$2,424,622$2,277,227$2,723,734
34$3,227,782$2,486,157$2,296,242$2,839,839
35$3,497,940$2,548,903$2,314,091$2,963,968
36$3,793,793$2,612,862$2,330,676$3,096,867
37$4,117,903$2,678,036$2,345,897$3,239,360
38$4,473,093$2,744,424$2,359,649$3,392,353
39$4,862,470$2,812,022$2,371,818$3,556,843
40$5,289,457$2,880,826$2,382,289$3,733,932
41$5,757,823$2,950,828$2,390,937$3,924,831
42$6,271,722$3,022,019$2,397,634$4,130,876
43$6,835,725$3,094,386$2,402,243$4,353,540
44$7,454,873$3,167,914$2,404,621$4,594,446
45$8,134,713$3,242,585$2,404,619$4,855,383
46$8,881,359$3,318,377$2,402,080$5,138,323
47$9,701,546$3,395,266$2,396,837$5,445,438
48$10,602,692$3,473,222$2,388,720$5,779,125
49$11,592,969$3,552,213$2,377,545$6,142,026
50$12,681,383$3,632,202$2,363,123$6,537,052
51$13,877,851$3,713,147$2,345,255$6,967,413
52$15,193,303$3,795,003$2,323,732$7,436,648
53$16,639,778$3,877,716$2,298,335$7,948,659
54$18,230,541$3,961,230$2,268,835$8,507,746
55$19,980,208$4,045,481$2,234,993$9,118,651
56$21,904,880$4,130,401$2,196,556$9,786,603
57$24,022,299$4,215,912$2,153,262$10,517,364
58$26,352,014$4,301,932$2,104,837$11,317,290
59$28,915,562$4,388,370$2,050,992$12,193,385
60$31,736,675$4,475,125$1,991,425$13,153,372
61$34,841,500$4,562,091$1,925,823$14,205,767
62$38,258,850$4,649,150$1,853,854$15,359,957
63$42,020,470$4,736,176$1,775,176$16,626,290
64$46,161,341$4,823,031$1,689,427$18,016,175
65$50,720,007$4,909,568$1,596,232$19,542,191
66$55,738,937$4,995,627$1,495,195$21,218,204
67$61,264,932$5,081,036$1,385,907$23,059,501
68$67,349,558$5,165,610$1,267,938$25,082,934
69$74,049,637$5,249,149$1,140,838$27,307,082
70$81,427,782$5,331,439$1,004,139$29,752,425
71$89,552,988$5,412,252$857,350$32,441,542
72$98,501,282$5,491,342$699,960$35,399,321
73$108,356,440$5,568,444$531,436$38,653,198
74$119,210,776$5,643,278$351,218$42,233,421
75$131,166,017$5,715,540$158,726$46,173,329
76$144,334,259$5,784,909$0$50,509,675
77$158,839,024$5,851,041$0$55,294,932
78$174,816,429$5,913,567$0$60,605,955
79$192,416,469$5,972,095$0$66,451,450
80$211,804,428$6,026,207$0$72,885,860
81$233,162,446$6,075,458$0$79,969,182
82$256,691,231$6,119,371$0$87,767,540
83$282,611,959$6,157,442$0$96,353,810
84$311,168,355$6,189,133$0$105,808,305
85$342,628,997$6,213,870$0$116,219,541
86$377,289,851$6,231,046$0$127,685,068
87$415,477,062$6,240,014$0$140,312,397
88$457,550,034$6,240,086$0$154,220,011
89$503,904,820$6,230,532$0$169,538,494
90$554,977,861$6,210,578$0$186,411,757
91$611,250,107$6,179,400$0$204,998,402
92$673,251,554$6,136,127$0$225,473,225
93$741,566,247$6,079,832$0$248,028,861
94$816,837,795$6,009,535$0$272,877,612
95$899,775,442$5,924,194$0$300,253,451
96$991,160,765$5,822,708$0$330,414,232
97$1,091,855,051$5,703,908$0$363,644,131
98$1,202,807,423$5,566,557$0$400,256,329
99$1,325,063,808$5,409,345$0$440,595,976
100$1,459,776,799$5,230,886$0$485,043,446