Can I retire at age 30 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$178,371$176,782$175,232$173,719$172,241$165,801
2 years$88,302$86,658$85,064$83,519$82,020$75,604
3 years$58,283$56,632$55,042$53,511$52,037$45,849
4 years$43,277$41,630$40,057$38,552$37,113$31,200
5 years$34,275$32,639$31,085$29,611$28,213$22,589
6 years$28,276$26,652$25,122$23,681$22,324$16,994
7 years$23,993$22,382$20,876$19,469$18,155$13,118
8 years$20,782$19,186$17,705$16,332$15,061$10,312
9 years$18,286$16,705$15,249$13,911$12,684$8,215
10 years$16,290$14,724$13,294$11,992$10,807$6,612
11 years$14,658$13,108$11,704$10,436$9,295$5,363
12 years$13,299$11,765$10,387$9,154$8,055$4,377
13 years$12,150$10,632$9,280$8,082$7,024$3,589
14 years$11,166$9,664$8,338$7,174$6,157$2,955
15 years$10,314$8,829$7,528$6,398$5,421$2,440
16 years$9,570$8,100$6,826$5,729$4,791$2,021
17 years$8,913$7,460$6,211$5,147$4,248$1,677
18 years$8,330$6,893$5,670$4,639$3,777$1,394
19 years$7,809$6,389$5,191$4,191$3,367$1,160
20 years$7,341$5,937$4,764$3,796$3,007$967
21 years$6,918$5,530$4,382$3,445$2,691$806
22 years$6,534$5,162$4,038$3,133$2,412$673
23 years$6,184$4,828$3,729$2,853$2,165$562
24 years$5,863$4,523$3,448$2,602$1,946$470
25 years$5,569$4,245$3,194$2,376$1,751$393
26 years$5,297$3,990$2,962$2,173$1,578$329
27 years$5,047$3,755$2,751$1,989$1,422$275
28 years$4,814$3,538$2,557$1,822$1,283$230
29 years$4,598$3,338$2,380$1,671$1,159$193
30 years$4,397$3,152$2,216$1,533$1,047$161
31 years$4,209$2,980$2,066$1,408$947$135
32 years$4,033$2,819$1,928$1,294$856$113
33 years$3,868$2,670$1,800$1,190$775$95
34 years$3,713$2,531$1,682$1,095$702$80
35 years$3,568$2,400$1,573$1,008$636$67
36 years$3,431$2,278$1,471$928$576$56
37 years$3,301$2,164$1,377$855$522$47
38 years$3,179$2,056$1,289$788$473$39
39 years$3,063$1,955$1,208$727$429$33
40 years$2,953$1,860$1,132$671$389$28
41 years$2,849$1,771$1,062$619$353$23
42 years$2,750$1,687$996$571$320$19
43 years$2,656$1,607$935$527$291$16
44 years$2,566$1,532$877$487$264$14
45 years$2,481$1,461$824$449$240$11
46 years$2,400$1,393$774$415$218$10
47 years$2,322$1,330$727$384$198$8
48 years$2,248$1,269$683$354$179$7
49 years$2,177$1,212$642$328$163$6
50 years$2,109$1,158$604$303$148$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,160,000, adding $3,075 every year, while hoping to spend $57,193 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: 34/47/19 Blend
29$2,160,000$2,160,000$2,160,000$2,160,000
30$2,383,492$2,269,012$2,235,532$2,450,515
31$2,565,755$2,319,341$2,249,569$2,550,477
32$2,764,692$2,370,218$2,262,160$2,652,695
33$2,981,944$2,421,612$2,273,195$2,761,727
34$3,219,316$2,473,485$2,282,561$2,878,210
35$3,478,796$2,525,795$2,290,136$3,002,845
36$3,762,572$2,578,499$2,295,796$3,136,405
37$4,073,056$2,631,546$2,299,406$3,279,743
38$4,412,900$2,684,884$2,300,828$3,433,801
39$4,785,026$2,738,454$2,299,917$3,599,614
40$5,192,653$2,792,193$2,296,518$3,778,328
41$5,639,324$2,846,030$2,290,471$3,971,205
42$6,128,941$2,899,891$2,281,608$4,179,637
43$6,665,803$2,953,696$2,269,752$4,405,161
44$7,254,643$3,007,356$2,254,717$4,649,469
45$7,900,677$3,060,776$2,236,310$4,914,432
46$8,609,647$3,113,855$2,214,328$5,202,112
47$9,387,879$3,166,483$2,188,556$5,514,782
48$10,242,343$3,218,540$2,158,773$5,854,952
49$11,180,714$3,269,901$2,124,744$6,225,389
50$12,211,450$3,320,429$2,086,226$6,629,148
51$13,343,865$3,369,977$2,042,961$7,069,595
52$14,588,222$3,418,389$1,994,683$7,550,448
53$15,955,826$3,465,496$1,941,111$8,075,803
54$17,459,134$3,511,119$1,881,952$8,650,182
55$19,111,868$3,555,065$1,816,899$9,278,572
56$20,929,145$3,597,130$1,745,632$9,966,473
57$22,927,623$3,637,094$1,667,815$10,719,952
58$25,125,651$3,674,723$1,583,098$11,545,701
59$27,543,450$3,709,767$1,491,115$12,451,101
60$30,203,297$3,741,961$1,391,482$13,444,293
61$33,129,736$3,771,019$1,283,799$14,534,255
62$36,349,811$3,796,642$1,167,649$15,730,889
63$39,893,321$3,818,506$1,042,594$17,045,116
64$43,793,097$3,836,270$908,178$18,488,979
65$48,085,316$3,849,571$763,925$20,075,761
66$52,809,840$3,858,020$609,338$21,820,108
67$58,010,588$3,861,209$443,896$23,738,173
68$63,735,959$3,858,699$267,057$25,847,768
69$70,039,279$3,850,027$78,256$28,168,533
70$76,979,308$3,834,701$0$30,722,127
71$84,620,796$3,812,199$0$33,557,414
72$93,035,087$3,781,967$0$36,694,298
73$102,300,799$3,743,417$0$40,146,065
74$112,504,562$3,695,926$0$43,944,864
75$123,741,835$3,638,834$0$48,126,135
76$136,117,807$3,571,442$0$52,728,945
77$149,748,389$3,493,008$0$57,796,357
78$164,761,307$3,402,747$0$63,375,840
79$181,297,307$3,299,829$0$69,519,718
80$199,511,486$3,183,374$0$76,285,667
81$219,574,750$3,052,451$0$83,737,262
82$241,675,428$2,906,076$0$91,944,581
83$266,021,054$2,743,205$0$100,984,867
84$292,840,317$2,562,738$0$110,943,261
85$322,385,227$2,363,510$0$121,913,610
86$354,933,486$2,144,287$0$133,999,355
87$390,791,114$1,903,770$0$147,314,512
88$430,295,333$1,640,581$0$161,984,753
89$473,817,755$1,353,266$0$178,148,594
90$521,767,880$1,040,291$0$195,958,709
91$574,596,971$700,033$0$215,583,374
92$632,802,306$330,778$0$237,208,065
93$696,931,872$0$0$261,037,207
94$767,589,542$0$0$287,331,949
95$845,440,769$0$0$316,492,789
96$931,218,869$0$0$348,623,403
97$1,025,731,944$0$0$384,026,563
98$1,129,870,509$0$0$423,035,918
99$1,244,615,895$0$0$466,019,145
100$1,371,049,517$0$0$513,381,418