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%18.3%
1 years$178,371$176,782$175,232$173,719$172,241$166,461
2 years$88,302$86,658$85,064$83,519$82,020$76,254
3 years$58,283$56,632$55,042$53,511$52,037$46,465
4 years$43,277$41,630$40,057$38,552$37,113$31,779
5 years$34,275$32,639$31,085$29,611$28,213$23,130
6 years$28,276$26,652$25,122$23,681$22,324$17,497
7 years$23,993$22,382$20,876$19,469$18,155$13,584
8 years$20,782$19,186$17,705$16,332$15,061$10,741
9 years$18,286$16,705$15,249$13,911$12,684$8,610
10 years$16,290$14,724$13,294$11,992$10,807$6,973
11 years$14,658$13,108$11,704$10,436$9,295$5,693
12 years$13,299$11,765$10,387$9,154$8,055$4,677
13 years$12,150$10,632$9,280$8,082$7,024$3,862
14 years$11,166$9,664$8,338$7,174$6,157$3,202
15 years$10,314$8,829$7,528$6,398$5,421$2,663
16 years$9,570$8,100$6,826$5,729$4,791$2,221
17 years$8,913$7,460$6,211$5,147$4,248$1,857
18 years$8,330$6,893$5,670$4,639$3,777$1,555
19 years$7,809$6,389$5,191$4,191$3,367$1,304
20 years$7,341$5,937$4,764$3,796$3,007$1,095
21 years$6,918$5,530$4,382$3,445$2,691$920
22 years$6,534$5,162$4,038$3,133$2,412$774
23 years$6,184$4,828$3,729$2,853$2,165$652
24 years$5,863$4,523$3,448$2,602$1,946$549
25 years$5,569$4,245$3,194$2,376$1,751$463
26 years$5,297$3,990$2,962$2,173$1,578$391
27 years$5,047$3,755$2,751$1,989$1,422$329
28 years$4,814$3,538$2,557$1,822$1,283$278
29 years$4,598$3,338$2,380$1,671$1,159$235
30 years$4,397$3,152$2,216$1,533$1,047$198
31 years$4,209$2,980$2,066$1,408$947$167
32 years$4,033$2,819$1,928$1,294$856$141
33 years$3,868$2,670$1,800$1,190$775$119
34 years$3,713$2,531$1,682$1,095$702$101
35 years$3,568$2,400$1,573$1,008$636$85
36 years$3,431$2,278$1,471$928$576$72
37 years$3,301$2,164$1,377$855$522$61
38 years$3,179$2,056$1,289$788$473$51
39 years$3,063$1,955$1,208$727$429$43
40 years$2,953$1,860$1,132$671$389$37
41 years$2,849$1,771$1,062$619$353$31
42 years$2,750$1,687$996$571$320$26
43 years$2,656$1,607$935$527$291$22
44 years$2,566$1,532$877$487$264$19
45 years$2,481$1,461$824$449$240$16
46 years$2,400$1,393$774$415$218$13
47 years$2,322$1,330$727$384$198$11
48 years$2,248$1,269$683$354$179$10
49 years$2,177$1,212$642$328$163$8
50 years$2,109$1,158$604$303$148$7

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 $6,940 every year, while hoping to spend $37,760 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: 56/32/12 Blend
29$2,160,000$2,160,000$2,160,000$2,160,000
30$2,387,479$2,272,999$2,239,519$2,513,556
31$2,590,825$2,344,199$2,274,366$2,670,904
32$2,813,647$2,417,623$2,309,115$2,837,466
33$3,057,892$2,493,339$2,343,724$3,018,003
34$3,325,703$2,571,419$2,378,144$3,213,857
35$3,619,442$2,651,936$2,412,329$3,426,503
36$3,941,710$2,734,965$2,446,227$3,657,566
37$4,295,371$2,820,585$2,479,782$3,908,833
38$4,683,581$2,908,876$2,512,937$4,182,272
39$5,109,816$2,999,921$2,545,630$4,480,047
40$5,577,905$3,093,805$2,577,797$4,804,543
41$6,092,066$3,190,616$2,609,368$5,158,384
42$6,656,946$3,290,445$2,640,271$5,544,459
43$7,277,663$3,393,386$2,670,429$5,965,948
44$7,959,858$3,499,535$2,699,761$6,426,355
45$8,709,742$3,608,991$2,728,182$6,929,536
46$9,534,161$3,721,857$2,755,601$7,479,739
47$10,440,656$3,838,238$2,781,924$8,081,641
48$11,437,534$3,958,243$2,807,050$8,740,393
49$12,533,949$4,081,984$2,830,873$9,461,670
50$13,739,988$4,209,576$2,853,283$10,251,720
51$15,066,761$4,341,140$2,874,162$11,117,425
52$16,526,511$4,476,796$2,893,387$12,066,369
53$18,132,729$4,616,673$2,910,829$13,106,901
54$19,900,276$4,760,899$2,926,351$14,248,222
55$21,845,532$4,909,610$2,939,811$15,500,465
56$23,986,539$5,062,944$2,951,058$16,874,794
57$26,343,181$5,221,043$2,959,933$18,383,507
58$28,937,365$5,384,055$2,966,271$20,040,154
59$31,793,233$5,552,130$2,969,898$21,859,661
60$34,937,384$5,725,425$2,970,630$23,858,473
61$38,399,127$5,904,101$2,968,276$26,054,709
62$42,210,758$6,088,323$2,962,634$28,468,329
63$46,407,867$6,278,261$2,953,493$31,121,328
64$51,029,666$6,474,093$2,940,632$34,037,936
65$56,119,366$6,675,998$2,923,818$37,244,853
66$61,724,584$6,884,164$2,902,808$40,771,496
67$67,897,786$7,098,783$2,877,346$44,650,276
68$74,696,790$7,320,053$2,847,167$48,916,907
69$82,185,305$7,548,178$2,811,990$53,610,740
70$90,433,536$7,783,369$2,771,522$58,775,134
71$99,518,845$8,025,842$2,725,456$64,457,866
72$109,526,479$8,275,820$2,673,471$70,711,579
73$120,550,379$8,533,534$2,615,231$77,594,282
74$132,694,060$8,799,220$2,550,384$85,169,891
75$146,071,595$9,073,123$2,478,562$93,508,841
76$160,808,685$9,355,493$2,399,381$102,688,740
77$177,043,848$9,646,589$2,312,438$112,795,109
78$194,929,727$9,946,678$2,217,311$123,922,184
79$214,634,529$10,256,035$2,113,561$136,173,806
80$236,343,613$10,574,943$2,000,727$149,664,404
81$260,261,238$10,903,692$1,878,328$164,520,069
82$286,612,495$11,242,584$1,745,863$180,879,745
83$315,645,425$11,591,926$1,602,805$198,896,545
84$347,633,366$11,952,038$1,448,606$218,739,189
85$382,877,528$12,323,246$1,282,693$240,593,600
86$421,709,839$12,705,888$1,104,466$264,664,657
87$464,496,078$13,100,313$913,302$291,178,128
88$511,639,327$13,506,877$708,546$320,382,803
89$563,583,773$13,925,949$489,517$352,552,840
90$620,818,906$14,357,908$255,504$387,990,350
91$683,884,135$14,803,146$5,764$427,028,255
92$753,373,880$15,262,064$0$470,033,421
93$829,943,187$15,735,075$0$517,443,517
94$914,313,905$16,222,608$0$569,673,622
95$1,007,281,507$16,725,100$0$627,214,043
96$1,109,722,594$17,243,002$0$690,605,901
97$1,222,603,170$17,776,781$0$760,445,493
98$1,346,987,764$18,326,914$0$837,389,920
99$1,484,049,478$18,893,894$0$922,163,291
100$1,635,081,059$19,478,229$0$1,015,563,558