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%17%
1 years$176,719$175,145$173,609$172,110$170,647$165,782
2 years$87,485$85,855$84,276$82,745$81,260$76,397
3 years$57,744$56,107$54,532$53,016$51,555$46,846
4 years$42,876$41,245$39,686$38,195$36,769$32,250
5 years$33,958$32,337$30,798$29,337$27,951$23,635
6 years$28,015$26,405$24,889$23,461$22,117$18,006
7 years$23,771$22,175$20,683$19,289$17,987$14,083
8 years$20,590$19,008$17,541$16,181$14,922$11,222
9 years$18,116$16,550$15,108$13,783$12,567$9,067
10 years$16,139$14,588$13,171$11,881$10,707$7,403
11 years$14,522$12,987$11,596$10,340$9,209$6,095
12 years$13,176$11,656$10,291$9,069$7,980$5,051
13 years$12,038$10,534$9,194$8,007$6,959$4,207
14 years$11,063$9,575$8,261$7,108$6,100$3,520
15 years$10,219$8,747$7,459$6,339$5,371$2,955
16 years$9,481$8,025$6,762$5,676$4,747$2,487
17 years$8,831$7,391$6,154$5,100$4,209$2,099
18 years$8,253$6,829$5,617$4,596$3,742$1,775
19 years$7,737$6,330$5,142$4,153$3,336$1,503
20 years$7,273$5,882$4,719$3,761$2,979$1,275
21 years$6,854$5,479$4,341$3,413$2,666$1,083
22 years$6,473$5,114$4,001$3,104$2,390$920
23 years$6,127$4,783$3,694$2,826$2,145$783
24 years$5,809$4,481$3,416$2,578$1,928$666
25 years$5,517$4,206$3,164$2,354$1,735$568
26 years$5,248$3,953$2,935$2,153$1,563$484
27 years$5,000$3,720$2,725$1,970$1,409$412
28 years$4,770$3,505$2,533$1,805$1,271$352
29 years$4,556$3,307$2,358$1,655$1,148$300
30 years$4,356$3,123$2,196$1,519$1,037$256
31 years$4,170$2,952$2,047$1,395$938$219
32 years$3,996$2,793$1,910$1,282$848$187
33 years$3,832$2,645$1,783$1,179$768$159
34 years$3,679$2,507$1,666$1,085$695$136
35 years$3,535$2,378$1,558$999$630$116
36 years$3,399$2,257$1,457$920$570$99
37 years$3,271$2,144$1,364$848$517$85
38 years$3,149$2,037$1,277$781$469$72
39 years$3,034$1,937$1,197$720$425$62
40 years$2,926$1,843$1,122$664$386$53
41 years$2,823$1,754$1,052$613$350$45
42 years$2,725$1,671$987$566$317$39
43 years$2,631$1,592$926$522$288$33
44 years$2,543$1,518$869$482$261$28
45 years$2,458$1,447$816$445$237$24
46 years$2,377$1,381$766$411$216$21
47 years$2,301$1,317$720$380$196$18
48 years$2,227$1,258$677$351$178$15
49 years$2,157$1,201$636$325$161$13
50 years$2,089$1,147$598$300$147$11

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 $3,651 every year, while hoping to spend $22,642 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: 63/7/30 Blend
29$2,140,000$2,140,000$2,140,000$2,140,000
30$2,362,046$2,248,626$2,215,456$2,491,600
31$2,578,884$2,334,718$2,265,583$2,666,171
32$2,817,080$2,424,269$2,316,630$2,854,003
33$3,078,790$2,517,426$2,368,605$3,058,714
34$3,366,386$2,614,340$2,421,513$3,281,964
35$3,682,485$2,715,170$2,475,361$3,525,583
36$4,029,967$2,820,081$2,530,153$3,791,584
37$4,412,005$2,929,247$2,585,896$4,082,186
38$4,832,097$3,042,848$2,642,591$4,399,830
39$5,294,096$3,161,072$2,700,243$4,747,207
40$5,802,247$3,284,117$2,758,853$5,127,279
41$6,361,225$3,412,188$2,818,424$5,543,307
42$6,976,184$3,545,500$2,878,956$5,998,886
43$7,652,802$3,684,276$2,940,448$6,497,974
44$8,397,334$3,828,752$3,002,899$7,044,930
45$9,216,672$3,979,171$3,066,306$7,644,557
46$10,118,412$4,135,789$3,130,666$8,302,145
47$11,110,920$4,298,873$3,195,974$9,023,522
48$12,203,418$4,468,702$3,262,223$9,815,107
49$13,406,065$4,645,567$3,329,406$10,683,974
50$14,730,056$4,829,772$3,397,513$11,637,914
51$16,187,726$5,021,635$3,466,534$12,685,510
52$17,792,667$5,221,488$3,536,456$13,836,221
53$19,559,856$5,429,679$3,607,265$15,100,465
54$21,505,798$5,646,569$3,678,944$16,489,721
55$23,648,677$5,872,538$3,751,477$18,016,638
56$26,008,532$6,107,983$3,824,841$19,695,151
57$28,607,444$6,353,316$3,899,016$21,540,613
58$31,469,746$6,608,971$3,973,975$23,569,941
59$34,622,250$6,875,400$4,049,693$25,801,774
60$38,094,500$7,153,076$4,126,139$28,256,651
61$41,919,055$7,442,492$4,203,280$30,957,201
62$46,131,790$7,744,166$4,281,081$33,928,358
63$50,772,239$8,058,637$4,359,504$37,197,597
64$55,883,967$8,386,469$4,438,507$40,795,192
65$61,514,980$8,728,254$4,518,045$44,754,501
66$67,718,177$9,084,608$4,598,068$49,112,280
67$74,551,853$9,456,176$4,678,526$53,909,033
68$82,080,247$9,843,633$4,759,361$59,189,390
69$90,374,146$10,247,685$4,840,514$65,002,529
70$99,511,557$10,669,070$4,921,919$71,402,642
71$109,578,440$11,108,559$5,003,508$78,449,442
72$120,669,521$11,566,959$5,085,206$86,208,731
73$132,889,187$12,045,114$5,166,934$94,753,017
74$146,352,466$12,543,906$5,248,609$104,162,200
75$161,186,120$13,064,261$5,330,140$114,524,325
76$177,529,837$13,607,142$5,411,432$125,936,413
77$195,537,549$14,173,560$5,492,383$138,505,376
78$215,378,886$14,764,572$5,572,886$152,349,027
79$237,240,781$15,381,284$5,652,825$167,597,190
80$261,329,226$16,024,852$5,732,080$184,392,925
81$287,871,223$16,696,487$5,810,522$202,893,881
82$317,116,927$17,397,453$5,888,013$223,273,779
83$349,342,001$18,129,077$5,964,409$245,724,056
84$384,850,227$18,892,743$6,039,558$270,455,669
85$423,976,364$19,689,902$6,113,298$297,701,085
86$467,089,318$20,522,071$6,185,458$327,716,478
87$514,595,614$21,390,838$6,255,857$360,784,145
88$566,943,243$22,297,866$6,324,304$397,215,170
89$624,625,885$23,244,893$6,390,600$437,352,361
90$688,187,571$24,233,738$6,454,530$481,573,487
91$758,227,819$25,266,307$6,515,873$530,294,838
92$835,407,294$26,344,593$6,574,392$583,975,161
93$920,454,042$27,470,682$6,629,838$643,119,988
94$1,014,170,367$28,646,759$6,681,951$708,286,404
95$1,117,440,404$29,875,109$6,730,455$780,088,312
96$1,231,238,460$31,158,125$6,775,061$859,202,223
97$1,356,638,222$32,498,311$6,815,464$946,373,640
98$1,494,822,882$33,898,290$6,851,343$1,042,424,104
99$1,647,096,315$35,360,806$6,882,363$1,148,258,940
100$1,814,895,387$36,888,732$6,908,169$1,264,875,806