Can I retire at age 30 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$155,249$153,866$152,517$151,200$149,914$145,057
2 years$76,856$75,424$74,037$72,692$71,388$66,540
3 years$50,728$49,291$47,907$46,575$45,291$40,605
4 years$37,667$36,234$34,864$33,554$32,302$27,813
5 years$29,832$28,408$27,056$25,773$24,556$20,276
6 years$24,611$23,197$21,865$20,611$19,430$15,363
7 years$20,883$19,481$18,170$16,945$15,802$11,947
8 years$18,088$16,699$15,410$14,215$13,109$9,464
9 years$15,915$14,539$13,272$12,108$11,040$7,600
10 years$14,178$12,816$11,571$10,437$9,406$6,167
11 years$12,758$11,409$10,187$9,084$8,090$5,045
12 years$11,575$10,240$9,041$7,967$7,010$4,153
13 years$10,575$9,254$8,077$7,034$6,113$3,436
14 years$9,719$8,412$7,257$6,244$5,359$2,854
15 years$8,977$7,684$6,553$5,569$4,718$2,379
16 years$8,329$7,050$5,941$4,986$4,170$1,989
17 years$7,758$6,493$5,406$4,480$3,697$1,666
18 years$7,250$6,000$4,935$4,037$3,288$1,398
19 years$6,797$5,560$4,518$3,648$2,930$1,175
20 years$6,390$5,167$4,146$3,304$2,617$989
21 years$6,021$4,813$3,814$2,999$2,342$834
22 years$5,687$4,493$3,515$2,726$2,100$703
23 years$5,382$4,202$3,245$2,483$1,885$593
24 years$5,103$3,937$3,001$2,265$1,694$501
25 years$4,847$3,695$2,780$2,068$1,524$423
26 years$4,611$3,472$2,578$1,891$1,373$358
27 years$4,392$3,268$2,394$1,731$1,238$303
28 years$4,190$3,079$2,226$1,586$1,117$256
29 years$4,002$2,905$2,071$1,454$1,009$217
30 years$3,827$2,743$1,929$1,335$911$183
31 years$3,663$2,593$1,799$1,226$824$155
32 years$3,510$2,454$1,678$1,127$745$131
33 years$3,367$2,324$1,567$1,036$675$111
34 years$3,232$2,203$1,464$953$611$94
35 years$3,105$2,089$1,369$877$553$80
36 years$2,986$1,983$1,280$808$501$68
37 years$2,873$1,883$1,198$745$454$57
38 years$2,767$1,790$1,122$686$412$49
39 years$2,666$1,702$1,051$633$373$41
40 years$2,570$1,619$985$584$339$35
41 years$2,480$1,541$924$538$307$30
42 years$2,394$1,468$867$497$279$25
43 years$2,312$1,399$813$459$253$21
44 years$2,234$1,333$764$424$230$18
45 years$2,159$1,271$717$391$209$15
46 years$2,089$1,213$673$361$189$13
47 years$2,021$1,157$633$334$172$11
48 years$1,956$1,105$594$308$156$9
49 years$1,895$1,055$559$285$142$8
50 years$1,836$1,008$525$264$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,880,000, adding $5,640 every year, while hoping to spend $36,387 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: 38/33/29 Blend
29$1,880,000$1,880,000$1,880,000$1,880,000
30$2,077,578$1,977,938$1,948,798$2,138,417
31$2,250,775$2,036,141$1,975,367$2,241,935
32$2,440,419$2,095,977$2,001,607$2,350,007
33$2,648,149$2,157,487$2,027,468$2,466,121
34$2,875,770$2,220,713$2,052,897$2,591,032
35$3,125,269$2,285,699$2,077,840$2,725,571
36$3,398,837$2,352,489$2,102,238$2,870,653
37$3,698,884$2,421,127$2,126,029$3,027,284
38$4,028,068$2,491,660$2,149,149$3,196,573
39$4,389,313$2,564,133$2,171,527$3,379,741
40$4,785,842$2,638,595$2,193,093$3,578,133
41$5,221,205$2,715,093$2,213,768$3,793,228
42$5,699,312$2,793,676$2,233,473$4,026,656
43$6,224,470$2,874,395$2,252,123$4,280,215
44$6,801,425$2,957,299$2,269,628$4,555,880
45$7,435,405$3,042,441$2,285,895$4,855,832
46$8,132,167$3,129,872$2,300,824$5,182,471
47$8,898,058$3,219,645$2,314,311$5,538,440
48$9,740,066$3,311,814$2,326,247$5,926,652
49$10,665,893$3,406,433$2,336,516$6,350,317
50$11,684,023$3,503,557$2,344,998$6,812,971
51$12,803,804$3,603,242$2,351,566$7,318,509
52$14,035,534$3,705,544$2,356,087$7,871,223
53$15,390,563$3,810,519$2,358,419$8,475,845
54$16,881,391$3,918,225$2,358,417$9,137,584
55$18,521,795$4,028,721$2,355,926$9,862,184
56$20,326,953$4,142,063$2,350,785$10,655,973
57$22,313,589$4,258,311$2,342,823$11,525,923
58$24,500,131$4,377,524$2,331,863$12,479,718
59$26,906,882$4,499,760$2,317,718$13,525,827
60$29,556,215$4,625,080$2,300,193$14,673,579
61$32,472,783$4,753,543$2,279,084$15,933,258
62$35,683,749$4,885,208$2,254,175$17,316,195
63$39,219,043$5,020,135$2,225,242$18,834,877
64$43,111,648$5,158,384$2,192,049$20,503,066
65$47,397,904$5,300,013$2,154,351$22,335,927
66$52,117,857$5,445,081$2,111,889$24,350,173
67$57,315,635$5,593,646$2,064,394$26,564,222
68$63,039,862$5,745,767$2,011,583$28,998,371
69$69,344,118$5,901,499$1,953,161$31,674,989
70$76,287,445$6,060,900$1,888,819$34,618,729
71$83,934,903$6,224,023$1,818,233$37,856,755
72$92,358,186$6,390,922$1,741,066$41,419,009
73$101,636,294$6,561,650$1,656,965$45,338,485
74$111,856,282$6,736,258$1,565,560$49,651,546
75$123,114,082$6,914,793$1,466,465$54,398,265
76$135,515,403$7,097,303$1,359,277$59,622,804
77$149,176,735$7,283,832$1,243,574$65,373,835
78$164,226,445$7,474,422$1,118,916$71,704,994
79$180,805,985$7,669,112$984,842$78,675,393
80$199,071,235$7,867,938$840,874$86,350,177
81$219,193,966$8,070,932$686,508$94,801,136
82$241,363,465$8,278,123$521,221$104,107,392
83$265,788,323$8,489,535$344,466$114,356,137
84$292,698,398$8,705,188$155,672$125,643,464
85$322,346,991$8,925,098$0$138,075,271
86$355,013,230$9,149,274$0$151,782,439
87$391,004,712$9,377,721$0$166,931,734
88$430,660,399$9,610,436$0$183,616,881
89$474,353,822$9,847,409$0$201,994,292
90$522,496,605$10,088,626$0$222,236,334
91$575,542,350$10,334,061$0$244,532,946
92$633,990,922$10,583,681$0$269,093,437
93$698,393,160$10,837,445$0$296,148,463
94$769,356,084$11,095,302$0$325,952,198
95$847,548,621$11,357,188$0$358,784,739
96$933,707,920$11,623,031$0$394,954,748
97$1,028,646,312$11,892,744$0$434,802,363
98$1,133,258,977$12,166,228$0$478,702,415
99$1,248,532,391$12,443,372$0$527,067,959
100$1,375,553,645$12,724,048$0$580,354,178