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%16.8%
1 years$178,371$176,782$175,232$173,719$172,241$167,466
2 years$88,302$86,658$85,064$83,519$82,020$77,245
3 years$58,283$56,632$55,042$53,511$52,037$47,411
4 years$43,277$41,630$40,057$38,552$37,113$32,672
5 years$34,275$32,639$31,085$29,611$28,213$23,969
6 years$28,276$26,652$25,122$23,681$22,324$18,281
7 years$23,993$22,382$20,876$19,469$18,155$14,314
8 years$20,782$19,186$17,705$16,332$15,061$11,419
9 years$18,286$16,705$15,249$13,911$12,684$9,238
10 years$16,290$14,724$13,294$11,992$10,807$7,552
11 years$14,658$13,108$11,704$10,436$9,295$6,226
12 years$13,299$11,765$10,387$9,154$8,055$5,166
13 years$12,150$10,632$9,280$8,082$7,024$4,309
14 years$11,166$9,664$8,338$7,174$6,157$3,610
15 years$10,314$8,829$7,528$6,398$5,421$3,034
16 years$9,570$8,100$6,826$5,729$4,791$2,558
17 years$8,913$7,460$6,211$5,147$4,248$2,162
18 years$8,330$6,893$5,670$4,639$3,777$1,831
19 years$7,809$6,389$5,191$4,191$3,367$1,553
20 years$7,341$5,937$4,764$3,796$3,007$1,319
21 years$6,918$5,530$4,382$3,445$2,691$1,122
22 years$6,534$5,162$4,038$3,133$2,412$955
23 years$6,184$4,828$3,729$2,853$2,165$814
24 years$5,863$4,523$3,448$2,602$1,946$694
25 years$5,569$4,245$3,194$2,376$1,751$592
26 years$5,297$3,990$2,962$2,173$1,578$505
27 years$5,047$3,755$2,751$1,989$1,422$431
28 years$4,814$3,538$2,557$1,822$1,283$369
29 years$4,598$3,338$2,380$1,671$1,159$315
30 years$4,397$3,152$2,216$1,533$1,047$269
31 years$4,209$2,980$2,066$1,408$947$230
32 years$4,033$2,819$1,928$1,294$856$197
33 years$3,868$2,670$1,800$1,190$775$168
34 years$3,713$2,531$1,682$1,095$702$144
35 years$3,568$2,400$1,573$1,008$636$123
36 years$3,431$2,278$1,471$928$576$105
37 years$3,301$2,164$1,377$855$522$90
38 years$3,179$2,056$1,289$788$473$77
39 years$3,063$1,955$1,208$727$429$66
40 years$2,953$1,860$1,132$671$389$57
41 years$2,849$1,771$1,062$619$353$48
42 years$2,750$1,687$996$571$320$41
43 years$2,656$1,607$935$527$291$35
44 years$2,566$1,532$877$487$264$30
45 years$2,481$1,461$824$449$240$26
46 years$2,400$1,393$774$415$218$22
47 years$2,322$1,330$727$384$198$19
48 years$2,248$1,269$683$354$179$16
49 years$2,177$1,212$642$328$163$14
50 years$2,109$1,158$604$303$148$12

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 $3,180 every year, while hoping to spend $26,920 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: 42/29/29 Blend
29$2,160,000$2,160,000$2,160,000$2,160,000
30$2,383,600$2,269,120$2,235,640$2,463,350
31$2,598,085$2,351,664$2,281,891$2,603,727
32$2,833,544$2,437,351$2,328,790$2,752,890
33$3,092,090$2,526,306$2,376,329$2,913,927
34$3,376,048$2,618,659$2,424,500$3,087,950
35$3,687,979$2,714,548$2,473,295$3,276,185
36$4,030,706$2,814,113$2,522,703$3,479,978
37$4,407,337$2,917,504$2,572,713$3,700,810
38$4,821,298$3,024,874$2,623,312$3,940,308
39$5,276,362$3,136,384$2,674,484$4,200,265
40$5,776,686$3,252,202$2,726,214$4,482,649
41$6,326,850$3,372,503$2,778,485$4,789,630
42$6,931,901$3,497,467$2,831,276$5,123,591
43$7,597,398$3,627,286$2,884,567$5,487,159
44$8,329,466$3,762,157$2,938,334$5,883,221
45$9,134,855$3,902,287$2,992,552$6,314,956
46$10,021,002$4,047,889$3,047,193$6,785,863
47$10,996,098$4,199,190$3,102,228$7,299,795
48$12,069,172$4,356,423$3,157,625$7,860,990
49$13,250,171$4,519,831$3,213,349$8,474,118
50$14,550,055$4,689,670$3,269,363$9,144,316
51$15,980,901$4,866,204$3,325,627$9,877,244
52$17,556,016$5,049,710$3,382,098$10,679,132
53$19,290,062$5,240,478$3,438,731$11,556,841
54$21,199,195$5,438,809$3,495,475$12,517,925
55$23,301,219$5,645,016$3,552,279$13,570,704
56$25,615,750$5,859,429$3,609,087$14,724,341
57$28,164,404$6,082,388$3,665,839$15,988,926
58$30,971,000$6,314,252$3,722,472$17,375,575
59$34,061,784$6,555,393$3,778,917$18,896,527
60$37,465,678$6,806,199$3,835,103$20,565,267
61$41,214,552$7,067,077$3,890,953$22,396,644
62$45,343,523$7,338,450$3,946,386$24,407,019
63$49,891,289$7,620,761$4,001,317$26,614,410
64$54,900,493$7,914,471$4,055,654$29,038,667
65$60,418,125$8,220,062$4,109,300$31,701,658
66$66,495,966$8,538,037$4,162,154$34,627,471
67$73,191,075$8,868,922$4,214,106$37,842,643
68$80,566,330$9,213,264$4,265,044$41,376,409
69$88,691,018$9,571,636$4,314,845$45,260,976
70$97,641,492$9,944,637$4,363,383$49,531,828
71$107,501,891$10,332,891$4,410,523$54,228,056
72$118,364,930$10,737,049$4,456,122$59,392,729
73$130,332,782$11,157,794$4,500,031$65,073,299
74$143,518,036$11,595,835$4,542,092$71,322,047
75$158,044,761$12,051,917$4,582,138$78,196,572
76$174,049,682$12,526,816$4,619,994$85,760,340
77$191,683,461$13,021,341$4,655,476$94,083,275
78$211,112,128$13,536,341$4,688,388$103,242,423
79$232,518,643$14,072,700$4,718,527$113,322,672
80$256,104,624$14,631,342$4,745,678$124,417,557
81$282,092,252$15,213,234$4,769,614$136,630,137
82$310,726,364$15,819,384$4,790,099$150,073,970
83$342,276,767$16,450,848$4,806,881$164,874,179
84$377,040,786$17,108,728$4,819,700$181,168,635
85$415,346,066$17,794,175$4,828,279$199,109,254
86$457,553,668$18,508,394$4,832,331$218,863,429
87$504,061,479$19,252,641$4,831,550$240,615,609
88$555,307,962$20,028,233$4,825,619$264,569,039
89$611,776,301$20,836,544$4,814,205$290,947,673
90$673,998,959$21,679,010$4,796,956$319,998,289
91$742,562,705$22,557,133$4,773,506$351,992,814
92$818,114,152$23,472,484$4,743,469$387,230,889
93$901,365,863$24,426,703$4,706,443$426,042,696
94$993,103,077$25,421,507$4,662,005$468,792,071
95$1,094,191,120$26,458,691$4,609,712$515,879,935
96$1,205,583,577$27,540,130$4,549,100$567,748,076
97$1,328,331,291$28,667,785$4,479,684$624,883,319
98$1,463,592,285$29,843,709$4,400,955$687,822,116
99$1,612,642,693$31,070,045$4,312,382$757,155,605
100$1,776,888,809$32,349,038$4,213,408$833,535,192