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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$178,371$176,782$175,232$173,719$172,241$168,626
2 years$88,302$86,658$85,064$83,519$82,020$78,394
3 years$58,283$56,632$55,042$53,511$52,037$48,514
4 years$43,277$41,630$40,057$38,552$37,113$33,721
5 years$34,275$32,639$31,085$29,611$28,213$24,960
6 years$28,276$26,652$25,122$23,681$22,324$19,215
7 years$23,993$22,382$20,876$19,469$18,155$15,190
8 years$20,782$19,186$17,705$16,332$15,061$12,239
9 years$18,286$16,705$15,249$13,911$12,684$10,003
10 years$16,290$14,724$13,294$11,992$10,807$8,265
11 years$14,658$13,108$11,704$10,436$9,295$6,887
12 years$13,299$11,765$10,387$9,154$8,055$5,779
13 years$12,150$10,632$9,280$8,082$7,024$4,875
14 years$11,166$9,664$8,338$7,174$6,157$4,132
15 years$10,314$8,829$7,528$6,398$5,421$3,515
16 years$9,570$8,100$6,826$5,729$4,791$3,000
17 years$8,913$7,460$6,211$5,147$4,248$2,566
18 years$8,330$6,893$5,670$4,639$3,777$2,201
19 years$7,809$6,389$5,191$4,191$3,367$1,890
20 years$7,341$5,937$4,764$3,796$3,007$1,627
21 years$6,918$5,530$4,382$3,445$2,691$1,401
22 years$6,534$5,162$4,038$3,133$2,412$1,209
23 years$6,184$4,828$3,729$2,853$2,165$1,044
24 years$5,863$4,523$3,448$2,602$1,946$902
25 years$5,569$4,245$3,194$2,376$1,751$780
26 years$5,297$3,990$2,962$2,173$1,578$675
27 years$5,047$3,755$2,751$1,989$1,422$584
28 years$4,814$3,538$2,557$1,822$1,283$506
29 years$4,598$3,338$2,380$1,671$1,159$439
30 years$4,397$3,152$2,216$1,533$1,047$380
31 years$4,209$2,980$2,066$1,408$947$330
32 years$4,033$2,819$1,928$1,294$856$286
33 years$3,868$2,670$1,800$1,190$775$248
34 years$3,713$2,531$1,682$1,095$702$215
35 years$3,568$2,400$1,573$1,008$636$187
36 years$3,431$2,278$1,471$928$576$162
37 years$3,301$2,164$1,377$855$522$141
38 years$3,179$2,056$1,289$788$473$122
39 years$3,063$1,955$1,208$727$429$106
40 years$2,953$1,860$1,132$671$389$92
41 years$2,849$1,771$1,062$619$353$80
42 years$2,750$1,687$996$571$320$69
43 years$2,656$1,607$935$527$291$60
44 years$2,566$1,532$877$487$264$52
45 years$2,481$1,461$824$449$240$46
46 years$2,400$1,393$774$415$218$40
47 years$2,322$1,330$727$384$198$34
48 years$2,248$1,269$683$354$179$30
49 years$2,177$1,212$642$328$163$26
50 years$2,109$1,158$604$303$148$23

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 $4,719 every year, while hoping to spend $44,890 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: 63/13/24 Blend
29$2,160,000$2,160,000$2,160,000$2,160,000
30$2,385,188$2,270,708$2,237,228$2,520,136
31$2,580,714$2,334,210$2,264,412$2,675,425
32$2,794,680$2,399,319$2,291,003$2,839,566
33$3,028,918$2,466,066$2,316,932$3,017,844
34$3,285,448$2,534,484$2,342,130$3,211,648
35$3,566,493$2,604,602$2,366,520$3,422,508
36$3,874,501$2,676,454$2,390,024$3,652,108
37$4,212,168$2,750,069$2,412,559$3,902,304
38$4,582,466$2,825,479$2,434,036$4,175,140
39$4,988,665$2,902,714$2,454,363$4,472,870
40$5,434,368$2,981,806$2,473,444$4,797,973
41$5,923,543$3,062,785$2,491,174$5,153,186
42$6,460,563$3,145,680$2,507,447$5,541,519
43$7,050,243$3,230,521$2,522,149$5,966,293
44$7,697,887$3,317,335$2,535,160$6,431,165
45$8,409,340$3,406,153$2,546,356$6,940,164
46$9,191,037$3,496,999$2,555,604$7,497,731
47$10,050,073$3,589,902$2,562,766$8,108,759
48$10,994,258$3,684,885$2,567,697$8,778,639
49$12,032,202$3,781,974$2,570,244$9,513,314
50$13,173,387$3,881,191$2,570,247$10,319,331
51$14,428,260$3,982,557$2,567,538$11,203,904
52$15,808,333$4,086,092$2,561,941$12,174,984
53$17,326,287$4,191,815$2,553,271$13,241,333
54$18,996,096$4,299,742$2,541,333$14,412,606
55$20,833,155$4,409,887$2,525,925$15,699,443
56$22,854,428$4,522,262$2,506,834$17,113,570
57$25,078,603$4,636,876$2,483,837$18,667,908
58$27,526,274$4,753,737$2,456,699$20,376,699
59$30,220,132$4,872,848$2,425,176$22,255,634
60$33,185,178$4,994,210$2,389,012$24,322,009
61$36,448,960$5,117,821$2,347,938$26,594,883
62$40,041,834$5,243,673$2,301,674$29,095,258
63$43,997,245$5,371,757$2,249,924$31,846,282
64$48,352,050$5,502,059$2,192,382$34,873,465
65$53,146,857$5,634,558$2,128,725$38,204,917
66$58,426,417$5,769,232$2,058,618$41,871,619
67$64,240,036$5,906,049$1,981,706$45,907,714
68$70,642,050$6,044,976$1,897,624$50,350,827
69$77,692,329$6,185,970$1,805,984$55,242,424
70$85,456,848$6,328,983$1,706,386$60,628,202
71$94,008,305$6,473,962$1,598,408$66,558,521
72$103,426,808$6,620,842$1,481,611$73,088,879
73$113,800,632$6,769,553$1,355,535$80,280,441
74$125,227,052$6,920,017$1,219,701$88,200,609
75$137,813,258$7,072,144$1,073,607$96,923,666
76$151,677,367$7,225,836$916,730$106,531,473
77$166,949,541$7,380,985$748,523$117,114,246
78$183,773,211$7,537,470$568,415$128,771,406
79$202,306,432$7,695,159$375,811$141,612,519
80$222,723,375$7,853,909$170,087$155,758,331
81$245,215,969$8,013,560$0$171,341,909
82$269,995,714$8,173,940$0$188,522,563
83$297,295,676$8,334,863$0$207,496,540
84$327,372,687$8,496,123$0$228,398,518
85$360,509,768$8,657,499$0$251,424,956
86$397,018,800$8,818,753$0$276,792,347
87$437,243,471$8,979,625$0$304,739,262
88$481,562,513$9,139,835$0$335,528,602
89$530,393,285$9,299,082$0$369,450,077
90$584,195,704$9,457,042$0$406,822,946
91$643,476,593$9,613,363$0$447,999,025
92$708,794,459$9,767,672$0$493,366,011
93$780,764,771$9,919,565$0$543,351,143
94$860,065,762$10,068,608$0$598,425,231
95$947,444,838$10,214,338$0$659,107,104
96$1,043,725,630$10,356,259$0$725,968,506
97$1,149,815,767$10,493,839$0$799,639,493
98$1,266,715,447$10,626,509$0$880,814,384
99$1,395,526,876$10,753,661$0$970,258,311
100$1,537,464,675$10,874,648$0$1,068,814,446