Can I retire at age 30 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$151,945$150,592$149,272$147,983$146,724$142,312
2 years$75,221$73,820$72,462$71,146$69,869$65,461
3 years$49,649$48,242$46,888$45,584$44,328$40,062
4 years$36,866$35,463$34,122$32,840$31,615$27,525
5 years$29,198$27,803$26,480$25,225$24,033$20,129
6 years$24,087$22,704$21,400$20,172$19,017$15,302
7 years$20,438$19,066$17,783$16,585$15,466$11,941
8 years$17,703$16,343$15,082$13,913$12,830$9,492
9 years$15,577$14,230$12,990$11,850$10,805$7,651
10 years$13,877$12,543$11,325$10,215$9,206$6,232
11 years$12,487$11,166$9,970$8,890$7,918$5,117
12 years$11,329$10,022$8,848$7,798$6,861$4,229
13 years$10,350$9,057$7,905$6,884$5,983$3,513
14 years$9,512$8,233$7,103$6,111$5,245$2,931
15 years$8,786$7,521$6,413$5,450$4,618$2,454
16 years$8,152$6,900$5,814$4,880$4,081$2,060
17 years$7,593$6,355$5,291$4,385$3,619$1,733
18 years$7,096$5,872$4,830$3,951$3,218$1,461
19 years$6,652$5,442$4,422$3,570$2,868$1,234
20 years$6,254$5,057$4,058$3,234$2,562$1,043
21 years$5,893$4,711$3,732$2,935$2,292$883
22 years$5,566$4,397$3,440$2,668$2,055$748
23 years$5,268$4,113$3,176$2,430$1,845$634
24 years$4,995$3,853$2,938$2,216$1,658$538
25 years$4,744$3,616$2,721$2,024$1,492$457
26 years$4,513$3,398$2,523$1,851$1,344$388
27 years$4,299$3,198$2,343$1,694$1,212$330
28 years$4,101$3,014$2,178$1,552$1,093$281
29 years$3,917$2,843$2,027$1,423$987$239
30 years$3,745$2,685$1,888$1,306$892$203
31 years$3,585$2,538$1,760$1,200$806$173
32 years$3,436$2,402$1,642$1,103$729$147
33 years$3,295$2,274$1,533$1,014$660$125
34 years$3,163$2,156$1,433$933$598$106
35 years$3,039$2,045$1,340$859$541$91
36 years$2,922$1,941$1,253$791$491$77
37 years$2,812$1,843$1,173$729$445$66
38 years$2,708$1,752$1,098$672$403$56
39 years$2,609$1,666$1,029$619$365$48
40 years$2,516$1,585$965$571$332$41
41 years$2,427$1,509$904$527$301$35
42 years$2,343$1,437$848$486$273$29
43 years$2,262$1,369$796$449$248$25
44 years$2,186$1,305$747$415$225$21
45 years$2,114$1,244$702$383$204$18
46 years$2,044$1,187$659$354$185$15
47 years$1,978$1,133$619$327$168$13
48 years$1,915$1,081$582$302$153$11
49 years$1,854$1,033$547$279$139$10
50 years$1,796$986$514$258$126$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,840,000, adding $4,705 every year, while hoping to spend $37,153 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: 72/9/19 Blend
29$1,840,000$1,840,000$1,840,000$1,840,000
30$2,032,533$1,935,013$1,906,493$2,169,338
31$2,200,321$1,990,298$1,930,830$2,316,203
32$2,383,978$2,047,047$1,954,737$2,472,081
33$2,585,084$2,105,292$1,978,161$2,641,853
34$2,805,377$2,165,067$2,001,044$2,826,891
35$3,046,774$2,226,403$2,023,328$3,028,707
36$3,311,384$2,289,336$2,044,948$3,248,964
37$3,601,529$2,353,898$2,065,838$3,489,497
38$3,919,770$2,420,123$2,085,928$3,752,326
39$4,268,924$2,488,047$2,105,144$4,039,675
40$4,652,096$2,557,703$2,123,408$4,353,996
41$5,072,705$2,629,126$2,140,638$4,697,989
42$5,534,519$2,702,351$2,156,747$5,074,630
43$6,041,686$2,777,412$2,171,644$5,487,196
44$6,598,777$2,854,345$2,185,234$5,939,298
45$7,210,828$2,933,183$2,197,415$6,434,916
46$7,883,387$3,013,963$2,208,082$6,978,433
47$8,622,563$3,096,718$2,217,123$7,574,681
48$9,435,090$3,181,483$2,224,423$8,228,980
49$10,328,385$3,268,291$2,229,857$8,947,197
50$11,310,620$3,357,177$2,233,296$9,735,792
51$12,390,798$3,448,174$2,234,607$10,601,885
52$13,578,839$3,541,314$2,233,646$11,553,324
53$14,885,672$3,636,629$2,230,264$12,598,754
54$16,323,338$3,734,152$2,224,306$13,747,700
55$17,905,105$3,833,912$2,215,606$15,010,661
56$19,645,590$3,935,939$2,203,994$16,399,205
57$21,560,902$4,040,261$2,189,290$17,926,079
58$23,668,787$4,146,906$2,171,303$19,605,331
59$25,988,799$4,255,900$2,149,838$21,452,438
60$28,542,484$4,367,268$2,124,685$23,484,460
61$31,353,585$4,481,031$2,095,630$25,720,192
62$34,448,261$4,597,212$2,062,443$28,180,349
63$37,855,336$4,715,828$2,024,888$30,887,758
64$41,606,575$4,836,898$1,982,716$33,867,572
65$45,736,974$4,960,434$1,935,666$37,147,512
66$50,285,099$5,086,450$1,883,465$40,758,125
67$55,293,447$5,214,953$1,825,828$44,733,073
68$60,808,843$5,345,950$1,762,458$49,109,452
69$66,882,886$5,479,443$1,693,041$53,928,144
70$73,572,436$5,615,431$1,617,253$59,234,197
71$80,940,145$5,753,908$1,534,752$65,077,257
72$89,055,056$5,894,865$1,445,182$71,512,034
73$97,993,246$6,038,289$1,348,170$78,598,816
74$107,838,551$6,184,158$1,243,328$86,404,045
75$118,683,351$6,332,451$1,130,248$95,000,937
76$130,629,448$6,483,135$1,008,506$104,470,178
77$143,789,018$6,636,176$877,657$114,900,686
78$158,285,679$6,791,530$737,240$126,390,447
79$174,255,650$6,949,146$586,769$139,047,445
80$191,849,040$7,108,968$425,740$152,990,677
81$211,231,265$7,270,930$253,625$168,351,282
82$232,584,605$7,434,957$69,872$185,273,774
83$256,109,931$7,600,965$0$203,917,411
84$282,028,592$7,768,862$0$224,483,284
85$310,584,515$7,938,541$0$247,155,992
86$342,046,494$8,109,889$0$272,134,617
87$376,710,740$8,282,778$0$299,654,170
88$414,903,668$8,457,066$0$329,973,627
89$456,984,980$8,632,599$0$363,378,377
90$503,351,061$8,809,210$0$400,182,911
91$554,438,721$8,986,714$0$440,733,792
92$610,729,317$9,164,909$0$485,412,928
93$672,753,297$9,343,579$0$534,641,176
94$741,095,204$9,522,485$0$588,882,314
95$816,399,199$9,701,371$0$648,647,420
96$899,375,139$9,879,960$0$714,499,693
97$990,805,276$10,057,951$0$787,059,777
98$1,091,551,644$10,235,020$0$867,011,611
99$1,202,564,195$10,410,819$0$955,108,891
100$1,324,889,766$10,584,973$0$1,052,182,183