Can I retire at age 30 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$158,552$157,140$155,762$154,417$153,103$150,382
2 years$78,491$77,029$75,612$74,239$72,906$70,173
3 years$51,808$50,339$48,926$47,566$46,255$43,596
4 years$38,468$37,005$35,606$34,268$32,989$30,425
5 years$30,467$29,012$27,632$26,321$25,078$22,615
6 years$25,135$23,691$22,330$21,049$19,843$17,485
7 years$21,327$19,895$18,557$17,306$16,138$13,885
8 years$18,473$17,054$15,738$14,517$13,388$11,240
9 years$16,254$14,849$13,555$12,366$11,275$9,230
10 years$14,480$13,088$11,817$10,659$9,607$7,664
11 years$13,029$11,652$10,404$9,277$8,262$6,419
12 years$11,822$10,458$9,233$8,137$7,160$5,414
13 years$10,800$9,451$8,249$7,184$6,243$4,592
14 years$9,926$8,591$7,412$6,377$5,473$3,913
15 years$9,168$7,848$6,692$5,687$4,819$3,347
16 years$8,506$7,200$6,067$5,092$4,259$2,872
17 years$7,923$6,631$5,521$4,575$3,776$2,472
18 years$7,405$6,127$5,040$4,123$3,358$2,132
19 years$6,942$5,679$4,614$3,726$2,993$1,842
20 years$6,525$5,277$4,234$3,374$2,673$1,595
21 years$6,149$4,915$3,895$3,062$2,392$1,382
22 years$5,808$4,588$3,590$2,784$2,144$1,200
23 years$5,497$4,291$3,314$2,536$1,925$1,042
24 years$5,212$4,021$3,065$2,313$1,730$906
25 years$4,950$3,773$2,839$2,112$1,557$789
26 years$4,709$3,546$2,633$1,931$1,402$687
27 years$4,486$3,337$2,445$1,768$1,264$599
28 years$4,279$3,145$2,273$1,620$1,141$522
29 years$4,087$2,967$2,115$1,485$1,030$455
30 years$3,908$2,802$1,970$1,363$931$397
31 years$3,741$2,649$1,837$1,252$841$347
32 years$3,585$2,506$1,714$1,151$761$303
33 years$3,438$2,373$1,600$1,058$689$264
34 years$3,301$2,249$1,495$973$624$231
35 years$3,171$2,134$1,398$896$565$202
36 years$3,049$2,025$1,308$825$512$176
37 years$2,934$1,923$1,224$760$464$154
38 years$2,825$1,828$1,146$701$421$135
39 years$2,723$1,738$1,074$646$381$118
40 years$2,625$1,654$1,006$596$346$103
41 years$2,532$1,574$944$550$314$90
42 years$2,444$1,499$885$508$285$79
43 years$2,361$1,428$831$469$258$69
44 years$2,281$1,362$780$433$235$60
45 years$2,205$1,298$732$400$213$53
46 years$2,133$1,239$688$369$193$46
47 years$2,064$1,182$646$341$176$40
48 years$1,998$1,128$607$315$159$35
49 years$1,935$1,078$571$291$145$31
50 years$1,875$1,029$536$269$132$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,920,000, adding $5,447 every year, while hoping to spend $22,158 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: 40/40/20 Blend
29$1,920,000$1,920,000$1,920,000$1,920,000
30$2,121,459$2,019,699$1,989,939$2,193,548
31$2,314,271$2,095,088$2,033,026$2,321,038
32$2,526,009$2,173,429$2,076,813$2,456,344
33$2,758,577$2,254,842$2,121,302$2,602,269
34$3,014,077$2,339,454$2,166,491$2,759,790
35$3,294,823$2,427,398$2,212,378$2,929,984
36$3,603,364$2,518,810$2,258,963$3,114,030
37$3,942,510$2,613,834$2,306,240$3,313,228
38$4,315,353$2,712,619$2,354,207$3,529,003
39$4,725,304$2,815,323$2,402,858$3,762,922
40$5,176,118$2,922,107$2,452,187$4,016,707
41$5,671,934$3,033,141$2,502,186$4,292,254
42$6,217,310$3,148,604$2,552,848$4,591,643
43$6,817,270$3,268,680$2,604,163$4,917,166
44$7,477,348$3,393,562$2,656,119$5,271,341
45$8,203,643$3,523,452$2,708,704$5,656,937
46$9,002,873$3,658,560$2,761,905$6,077,003
47$9,882,443$3,799,105$2,815,705$6,534,890
48$10,850,508$3,945,318$2,870,088$7,034,287
49$11,916,058$4,097,437$2,925,034$7,579,252
50$13,088,997$4,255,712$2,980,523$8,174,252
51$14,380,236$4,420,403$3,036,532$8,824,202
52$15,801,801$4,591,784$3,093,037$9,534,511
53$17,366,941$4,770,138$3,150,010$10,311,134
54$19,090,256$4,955,761$3,207,422$11,160,625
55$20,987,834$5,148,965$3,265,242$12,090,199
56$23,077,401$5,350,073$3,323,436$13,107,798
57$25,378,492$5,559,422$3,381,967$14,222,169
58$27,912,631$5,777,366$3,440,795$15,442,938
59$30,703,536$6,004,274$3,499,879$16,780,707
60$33,777,343$6,240,530$3,559,172$18,247,149
61$37,162,854$6,486,538$3,618,625$19,855,118
62$40,891,803$6,742,716$3,678,188$21,618,769
63$44,999,163$7,009,505$3,737,803$23,553,691
64$49,523,470$7,287,364$3,797,412$25,677,051
65$54,507,190$7,576,770$3,856,951$28,007,755
66$59,997,117$7,878,226$3,916,353$30,566,627
67$66,044,818$8,192,254$3,975,546$33,376,603
68$72,707,117$8,519,402$4,034,454$36,462,943
69$80,046,630$8,860,240$4,092,995$39,853,474
70$88,132,361$9,215,366$4,151,085$43,578,844
71$97,040,346$9,585,404$4,208,631$47,672,814
72$106,854,379$9,971,006$4,265,537$52,172,573
73$117,666,794$10,372,853$4,321,701$57,119,087
74$129,579,344$10,791,660$4,377,015$62,557,487
75$142,704,155$11,228,169$4,431,363$68,537,486
76$157,164,790$11,683,161$4,484,625$75,113,853
77$173,097,412$12,157,449$4,536,673$82,346,924
78$190,652,068$12,651,884$4,587,372$90,303,168
79$209,994,109$13,167,357$4,636,579$99,055,817
80$231,305,747$13,704,796$4,684,143$108,685,549
81$254,787,778$14,265,176$4,729,907$119,281,250
82$280,661,474$14,849,512$4,773,702$130,940,851
83$309,170,676$15,458,870$4,815,352$143,772,245
84$340,584,091$16,094,361$4,854,673$157,894,308
85$375,197,832$16,757,148$4,891,467$173,438,013
86$413,338,210$17,448,447$4,925,531$190,547,668
87$455,364,818$18,169,532$4,956,647$209,382,270
88$501,673,923$18,921,732$4,984,588$230,117,005
89$552,702,206$19,706,440$5,009,114$252,944,897
90$608,930,886$20,525,111$5,029,975$278,078,627
91$670,890,263$21,379,268$5,046,905$305,752,535
92$739,164,722$22,270,504$5,059,629$336,224,829
93$814,398,251$23,200,486$5,067,853$369,780,019
94$897,300,519$24,170,956$5,071,274$406,731,597
95$988,653,579$25,183,740$5,069,568$447,424,989
96$1,089,319,246$26,240,745$5,062,400$492,240,815
97$1,200,247,235$27,343,968$5,049,417$541,598,475
98$1,322,484,128$28,495,497$5,030,248$595,960,103
99$1,457,183,252$29,697,520$5,004,504$655,834,923
100$1,605,615,568$30,952,322$4,971,779$721,784,049