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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$176,719$175,145$173,609$172,110$170,647$165,184
2 years$87,485$85,855$84,276$82,745$81,260$75,807
3 years$57,744$56,107$54,532$53,016$51,555$46,282
4 years$42,876$41,245$39,686$38,195$36,769$31,718
5 years$33,958$32,337$30,798$29,337$27,951$23,135
6 years$28,015$26,405$24,889$23,461$22,117$17,539
7 years$23,771$22,175$20,683$19,289$17,987$13,647
8 years$20,590$19,008$17,541$16,181$14,922$10,817
9 years$18,116$16,550$15,108$13,783$12,567$8,692
10 years$16,139$14,588$13,171$11,881$10,707$7,057
11 years$14,522$12,987$11,596$10,340$9,209$5,777
12 years$13,176$11,656$10,291$9,069$7,980$4,758
13 years$12,038$10,534$9,194$8,007$6,959$3,940
14 years$11,063$9,575$8,261$7,108$6,100$3,275
15 years$10,219$8,747$7,459$6,339$5,371$2,732
16 years$9,481$8,025$6,762$5,676$4,747$2,285
17 years$8,831$7,391$6,154$5,100$4,209$1,916
18 years$8,253$6,829$5,617$4,596$3,742$1,609
19 years$7,737$6,330$5,142$4,153$3,336$1,354
20 years$7,273$5,882$4,719$3,761$2,979$1,140
21 years$6,854$5,479$4,341$3,413$2,666$961
22 years$6,473$5,114$4,001$3,104$2,390$811
23 years$6,127$4,783$3,694$2,826$2,145$685
24 years$5,809$4,481$3,416$2,578$1,928$579
25 years$5,517$4,206$3,164$2,354$1,735$490
26 years$5,248$3,953$2,935$2,153$1,563$414
27 years$5,000$3,720$2,725$1,970$1,409$351
28 years$4,770$3,505$2,533$1,805$1,271$297
29 years$4,556$3,307$2,358$1,655$1,148$252
30 years$4,356$3,123$2,196$1,519$1,037$213
31 years$4,170$2,952$2,047$1,395$938$181
32 years$3,996$2,793$1,910$1,282$848$153
33 years$3,832$2,645$1,783$1,179$768$130
34 years$3,679$2,507$1,666$1,085$695$110
35 years$3,535$2,378$1,558$999$630$93
36 years$3,399$2,257$1,457$920$570$79
37 years$3,271$2,144$1,364$848$517$67
38 years$3,149$2,037$1,277$781$469$57
39 years$3,034$1,937$1,197$720$425$48
40 years$2,926$1,843$1,122$664$386$41
41 years$2,823$1,754$1,052$613$350$35
42 years$2,725$1,671$987$566$317$29
43 years$2,631$1,592$926$522$288$25
44 years$2,543$1,518$869$482$261$21
45 years$2,458$1,447$816$445$237$18
46 years$2,377$1,381$766$411$216$15
47 years$2,301$1,317$720$380$196$13
48 years$2,227$1,258$677$351$178$11
49 years$2,157$1,201$636$325$161$9
50 years$2,089$1,147$598$300$147$8

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 $2,573 every year, while hoping to spend $32,493 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: 70/5/25 Blend
29$2,140,000$2,140,000$2,140,000$2,140,000
30$2,360,934$2,247,514$2,214,344$2,511,020
31$2,567,177$2,323,070$2,253,952$2,687,373
32$2,793,368$2,401,239$2,293,798$2,876,341
33$3,041,507$2,482,115$2,333,856$3,082,440
34$3,313,797$2,565,795$2,374,097$3,307,366
35$3,612,666$2,652,381$2,414,490$3,552,990
36$3,940,786$2,741,976$2,455,004$3,821,370
37$4,301,103$2,834,690$2,495,604$4,114,776
38$4,696,861$2,930,634$2,536,252$4,435,706
39$5,131,632$3,029,928$2,576,908$4,786,913
40$5,609,355$3,132,690$2,617,531$5,171,429
41$6,134,366$3,239,049$2,658,075$5,592,595
42$6,711,443$3,349,134$2,698,492$6,054,091
43$7,345,850$3,463,081$2,738,731$6,559,971
44$8,043,387$3,581,032$2,778,738$7,114,704
45$8,810,442$3,703,132$2,818,456$7,723,211
46$9,654,056$3,829,535$2,857,823$8,390,914
47$10,581,984$3,960,397$2,896,775$9,123,789
48$11,602,773$4,095,882$2,935,243$9,928,417
49$12,725,836$4,236,161$2,973,154$10,812,053
50$13,961,549$4,381,411$3,010,433$11,782,689
51$15,321,342$4,531,814$3,046,997$12,849,130
52$16,817,808$4,687,563$3,082,761$14,021,080
53$18,464,825$4,848,854$3,117,634$15,309,231
54$20,277,684$5,015,894$3,151,521$16,725,364
55$22,273,231$5,188,897$3,184,320$18,282,461
56$24,470,032$5,368,084$3,215,926$19,994,826
57$26,888,542$5,553,686$3,246,227$21,878,223
58$29,551,300$5,745,945$3,275,103$23,950,020
59$32,483,145$5,945,107$3,302,430$26,229,358
60$35,711,441$6,151,434$3,328,078$28,737,329
61$39,266,348$6,365,193$3,351,907$31,497,172
62$43,181,093$6,586,666$3,373,774$34,534,500
63$47,492,294$6,816,142$3,393,525$37,877,534
64$52,240,300$7,053,924$3,411,000$41,557,374
65$57,469,572$7,300,328$3,426,030$45,608,290
66$63,229,103$7,555,679$3,438,437$50,068,048
67$69,572,882$7,820,318$3,448,035$54,978,265
68$76,560,400$8,094,598$3,454,628$60,384,800
69$84,257,215$8,378,887$3,458,012$66,338,190
70$92,735,565$8,673,567$3,457,970$72,894,125
71$102,075,057$8,979,036$3,454,277$80,113,977
72$112,363,412$9,295,708$3,446,694$88,065,374
73$123,697,295$9,624,012$3,434,973$96,822,842
74$136,183,228$9,964,397$3,418,853$106,468,508
75$149,938,593$10,317,329$3,398,061$117,092,876
76$165,092,743$10,683,292$3,372,309$128,795,679
77$181,788,219$11,062,789$3,341,298$141,686,823
78$200,182,099$11,456,347$3,304,712$155,887,423
79$220,447,475$11,864,510$3,262,223$171,530,949
80$242,775,095$12,287,848$3,213,484$188,764,483
81$267,375,153$12,726,952$3,158,135$207,750,108
82$294,479,284$13,182,437$3,095,797$228,666,440
83$324,342,739$13,654,945$3,026,075$251,710,313
84$357,246,803$14,145,143$2,948,554$277,098,639
85$393,501,447$14,653,725$2,862,800$305,070,453
86$433,448,252$15,181,415$2,768,361$335,889,173
87$477,463,636$15,728,965$2,664,763$369,845,085
88$525,962,404$16,297,162$2,551,510$407,258,083
89$579,401,666$16,886,820$2,428,083$448,480,692
90$638,285,153$17,498,791$2,293,940$493,901,394
91$703,167,968$18,133,961$2,148,517$543,948,296
92$774,661,829$18,793,253$1,991,220$599,093,174
93$853,440,841$19,477,628$1,821,431$659,855,924
94$940,247,863$20,188,088$1,638,505$726,809,474
95$1,035,901,517$20,925,676$1,441,767$800,585,188
96$1,141,303,917$21,691,480$1,230,512$881,878,835
97$1,257,449,186$22,486,632$1,004,004$971,457,150
98$1,385,432,839$23,312,314$761,474$1,070,165,076
99$1,526,462,126$24,169,754$502,120$1,178,933,746
100$1,681,867,426$25,060,236$225,105$1,298,789,264