Can I retire at age 30 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$179,197$177,600$176,043$174,523$173,039$170,877
2 years$88,711$87,059$85,458$83,905$82,399$80,224
3 years$58,553$56,894$55,297$53,759$52,278$50,156
4 years$43,477$41,823$40,242$38,730$37,285$35,234
5 years$34,434$32,790$31,229$29,749$28,343$26,369
6 years$28,407$26,775$25,238$23,790$22,427$20,531
7 years$24,104$22,486$20,973$19,559$18,239$16,423
8 years$20,878$19,275$17,787$16,408$15,131$13,394
9 years$18,370$16,782$15,320$13,976$12,743$11,085
10 years$16,365$14,793$13,356$12,047$10,857$9,277
11 years$14,726$13,169$11,758$10,485$9,338$7,833
12 years$13,361$11,820$10,435$9,196$8,092$6,662
13 years$12,207$10,682$9,323$8,119$7,056$5,699
14 years$11,218$9,709$8,377$7,207$6,185$4,899
15 years$10,362$8,870$7,563$6,428$5,446$4,228
16 years$9,614$8,138$6,857$5,755$4,813$3,661
17 years$8,954$7,494$6,240$5,171$4,268$3,180
18 years$8,369$6,925$5,696$4,660$3,795$2,768
19 years$7,846$6,418$5,215$4,211$3,382$2,415
20 years$7,375$5,964$4,786$3,814$3,021$2,111
21 years$6,950$5,555$4,402$3,461$2,704$1,848
22 years$6,564$5,186$4,057$3,147$2,423$1,620
23 years$6,212$4,850$3,746$2,866$2,175$1,422
24 years$5,890$4,544$3,464$2,614$1,955$1,249
25 years$5,595$4,265$3,209$2,387$1,759$1,098
26 years$5,322$4,008$2,976$2,183$1,585$966
27 years$5,070$3,772$2,763$1,998$1,429$851
28 years$4,836$3,554$2,569$1,831$1,289$750
29 years$4,619$3,353$2,391$1,679$1,164$661
30 years$4,417$3,167$2,227$1,541$1,052$583
31 years$4,228$2,994$2,076$1,415$951$514
32 years$4,052$2,832$1,937$1,300$860$454
33 years$3,886$2,682$1,808$1,196$779$401
34 years$3,731$2,542$1,690$1,100$705$354
35 years$3,584$2,411$1,580$1,013$638$313
36 years$3,446$2,289$1,478$933$578$276
37 years$3,316$2,174$1,383$859$524$244
38 years$3,193$2,066$1,295$792$475$216
39 years$3,077$1,964$1,214$730$431$191
40 years$2,967$1,869$1,138$674$391$169
41 years$2,862$1,779$1,067$622$355$149
42 years$2,763$1,694$1,001$574$322$132
43 years$2,668$1,614$939$530$292$117
44 years$2,578$1,539$881$489$265$103
45 years$2,493$1,467$827$452$241$91
46 years$2,411$1,400$777$417$219$81
47 years$2,333$1,336$730$385$198$71
48 years$2,258$1,275$686$356$180$63
49 years$2,187$1,218$645$329$164$56
50 years$2,119$1,163$606$304$149$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,170,000, adding $2,839 every year, while hoping to spend $24,908 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: 37/36/27 Blend
29$2,170,000$2,170,000$2,170,000$2,170,000
30$2,394,268$2,279,258$2,245,623$2,463,419
31$2,611,982$2,364,440$2,294,350$2,599,851
32$2,851,067$2,452,961$2,343,874$2,744,638
33$3,113,678$2,544,958$2,394,196$2,900,554
34$3,402,187$2,640,575$2,445,315$3,068,622
35$3,719,208$2,739,961$2,497,231$3,249,962
36$4,067,620$2,843,272$2,549,941$3,445,807
37$4,450,595$2,950,670$2,603,442$3,657,511
38$4,871,628$3,062,325$2,657,729$3,886,562
39$5,334,569$3,178,414$2,712,798$4,134,595
40$5,843,661$3,299,121$2,768,642$4,403,407
41$6,403,575$3,424,640$2,825,253$4,694,976
42$7,019,463$3,555,170$2,882,622$5,011,473
43$7,696,998$3,690,923$2,940,739$5,355,290
44$8,442,429$3,832,116$2,999,592$5,729,053
45$9,262,645$3,978,978$3,059,166$6,135,653
46$10,165,235$4,131,747$3,119,448$6,578,271
47$11,158,559$4,290,673$3,180,420$7,060,405
48$12,251,831$4,456,015$3,242,063$7,585,906
49$13,455,203$4,628,045$3,304,357$8,159,008
50$14,779,859$4,807,045$3,367,279$8,784,373
51$16,238,126$4,993,311$3,430,804$9,467,131
52$17,843,584$5,187,152$3,494,905$10,212,929
53$19,611,197$5,388,890$3,559,551$11,027,983
54$21,557,455$5,598,862$3,624,712$11,919,133
55$23,700,527$5,817,418$3,690,352$12,893,911
56$26,060,436$6,044,927$3,756,434$13,960,610
57$28,659,243$6,281,770$3,822,917$15,128,357
58$31,521,258$6,528,350$3,889,757$16,407,206
59$34,673,270$6,785,083$3,956,908$17,808,222
60$38,144,798$7,052,406$4,024,319$19,343,594
61$41,968,370$7,330,776$4,091,936$21,026,741
62$46,179,829$7,620,670$4,159,701$22,872,443
63$50,818,674$7,922,585$4,227,553$24,896,975
64$55,928,429$8,237,041$4,295,426$27,118,262
65$61,557,055$8,564,583$4,363,250$29,556,047
66$67,757,405$8,905,779$4,430,949$32,232,072
67$74,587,719$9,261,220$4,498,445$35,170,287
68$82,112,176$9,631,529$4,565,652$38,397,071
69$90,401,497$10,017,354$4,632,481$41,941,479
70$99,533,616$10,419,370$4,698,835$45,835,517
71$109,594,413$10,838,288$4,764,614$50,114,442
72$120,678,525$11,274,845$4,829,710$54,817,090
73$132,890,239$11,729,817$4,894,010$59,986,244
74$146,344,477$12,204,011$4,957,393$65,669,034
75$161,167,879$12,698,273$5,019,731$71,917,381
76$177,500,000$13,213,487$5,080,890$78,788,482
77$195,494,627$13,750,575$5,140,727$86,345,351
78$215,321,230$14,310,503$5,199,091$94,657,412
79$237,166,559$14,894,282$5,255,825$103,801,147
80$261,236,413$15,502,967$5,310,760$113,860,821
81$287,757,577$16,137,662$5,363,720$124,929,270
82$316,979,963$16,799,520$5,414,518$137,108,779
83$349,178,972$17,489,750$5,462,958$150,512,040
84$384,658,093$18,209,613$5,508,832$165,263,216
85$423,751,764$18,960,430$5,551,924$181,499,111
86$466,828,534$19,743,581$5,592,003$199,370,453
87$514,294,539$20,560,511$5,628,829$219,043,319
88$566,597,334$21,412,729$5,662,148$240,700,696
89$624,230,125$22,301,815$5,691,693$264,544,204
90$687,736,416$23,229,422$5,717,182$290,795,998
91$757,715,146$24,197,279$5,738,323$319,700,861
92$834,826,338$25,207,193$5,754,805$351,528,508
93$919,797,337$26,261,057$5,766,303$386,576,129
94$1,013,429,666$27,360,850$5,772,475$425,171,191
95$1,116,606,603$28,508,643$5,772,963$467,674,523
96$1,230,301,511$29,706,601$5,767,392$514,483,719
97$1,355,587,032$30,956,992$5,755,367$566,036,883
98$1,493,645,212$32,262,187$5,736,474$622,816,764
99$1,645,778,657$33,624,668$5,710,280$685,355,303
100$1,813,422,836$35,047,032$5,676,330$754,238,651