Can I retire at age 30 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$159,378$157,958$156,573$155,221$153,901$149,998
2 years$78,900$77,430$76,006$74,625$73,286$69,379
3 years$52,077$50,602$49,181$47,813$46,496$42,707
4 years$38,669$37,198$35,791$34,447$33,161$29,520
5 years$30,626$29,163$27,775$26,458$25,209$21,725
6 years$25,265$23,814$22,447$21,159$19,947$16,624
7 years$21,438$19,999$18,653$17,396$16,222$13,061
8 years$18,569$17,143$15,819$14,593$13,458$10,456
9 years$16,339$14,926$13,625$12,430$11,333$8,489
10 years$14,555$13,156$11,879$10,715$9,657$6,966
11 years$13,097$11,712$10,458$9,325$8,305$5,765
12 years$11,883$10,512$9,281$8,179$7,197$4,802
13 years$10,857$9,500$8,292$7,221$6,276$4,022
14 years$9,977$8,635$7,451$6,410$5,501$3,383
15 years$9,216$7,889$6,727$5,717$4,844$2,856
16 years$8,551$7,238$6,099$5,119$4,281$2,418
17 years$7,964$6,666$5,550$4,599$3,796$2,053
18 years$7,443$6,159$5,066$4,145$3,375$1,746
19 years$6,978$5,708$4,638$3,745$3,008$1,488
20 years$6,559$5,305$4,256$3,392$2,687$1,269
21 years$6,181$4,941$3,915$3,078$2,405$1,085
22 years$5,838$4,612$3,608$2,799$2,155$928
23 years$5,525$4,314$3,332$2,549$1,935$794
24 years$5,239$4,042$3,081$2,325$1,739$680
25 years$4,976$3,793$2,854$2,123$1,565$583
26 years$4,733$3,565$2,647$1,941$1,410$500
27 years$4,509$3,355$2,458$1,777$1,271$429
28 years$4,302$3,161$2,285$1,628$1,147$368
29 years$4,108$2,982$2,126$1,493$1,035$316
30 years$3,929$2,816$1,980$1,370$936$272
31 years$3,761$2,662$1,846$1,258$846$234
32 years$3,604$2,519$1,723$1,157$765$201
33 years$3,456$2,386$1,608$1,064$692$173
34 years$3,318$2,261$1,503$979$627$148
35 years$3,188$2,145$1,405$901$568$128
36 years$3,065$2,036$1,314$830$515$110
37 years$2,950$1,933$1,230$764$466$94
38 years$2,840$1,837$1,152$705$423$81
39 years$2,737$1,747$1,079$650$383$70
40 years$2,639$1,662$1,012$599$348$60
41 years$2,546$1,582$949$553$315$52
42 years$2,457$1,507$890$510$286$44
43 years$2,373$1,436$835$471$260$38
44 years$2,293$1,369$784$435$236$33
45 years$2,217$1,305$736$402$214$28
46 years$2,144$1,245$691$371$194$24
47 years$2,075$1,188$649$343$176$21
48 years$2,008$1,134$610$317$160$18
49 years$1,945$1,083$574$293$146$16
50 years$1,884$1,035$539$271$132$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,930,000, adding $2,531 every year, while hoping to spend $36,299 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: 38/35/27 Blend
29$1,930,000$1,930,000$1,930,000$1,930,000
30$2,129,471$2,027,181$1,997,266$2,193,174
31$2,308,055$2,087,891$2,025,552$2,300,819
32$2,503,638$2,150,359$2,053,570$2,413,554
33$2,717,916$2,214,633$2,081,271$2,534,694
34$2,952,755$2,280,762$2,108,606$2,665,027
35$3,210,213$2,348,797$2,135,521$2,805,416
36$3,492,555$2,418,787$2,161,961$2,956,814
37$3,802,275$2,490,787$2,187,866$3,120,268
38$4,142,120$2,564,849$2,213,173$3,296,930
39$4,515,119$2,641,029$2,237,816$3,488,071
40$4,924,604$2,719,382$2,261,726$3,695,088
41$5,374,248$2,799,967$2,284,828$3,919,518
42$5,868,097$2,882,841$2,307,046$4,163,057
43$6,410,607$2,968,064$2,328,296$4,427,570
44$7,006,688$3,055,699$2,348,493$4,715,110
45$7,661,749$3,145,807$2,367,546$5,027,941
46$8,381,748$3,238,452$2,385,360$5,368,556
47$9,173,249$3,333,699$2,401,832$5,739,697
48$10,043,486$3,431,615$2,416,859$6,144,390
49$11,000,425$3,532,268$2,430,327$6,585,965
50$12,052,846$3,635,727$2,442,121$7,068,091
51$13,210,421$3,742,062$2,452,117$7,594,810
52$14,483,806$3,851,346$2,460,185$8,170,574
53$15,884,743$3,963,650$2,466,190$8,800,291
54$17,426,169$4,079,051$2,469,989$9,489,364
55$19,122,338$4,197,624$2,471,433$10,243,750
56$20,988,954$4,319,446$2,470,365$11,070,009
57$23,043,324$4,444,595$2,466,618$11,975,372
58$25,304,515$4,573,152$2,460,022$12,967,804
59$27,793,537$4,705,198$2,450,394$14,056,083
60$30,533,539$4,840,814$2,437,544$15,249,881
61$33,550,031$4,980,085$2,421,273$16,559,855
62$36,871,121$5,123,096$2,401,372$17,997,748
63$40,527,780$5,269,932$2,377,622$19,576,501
64$44,554,136$5,420,682$2,349,795$21,310,373
65$48,987,795$5,575,432$2,317,650$23,215,079
66$53,870,195$5,734,273$2,280,936$25,307,933
67$59,246,997$5,897,295$2,239,390$27,608,017
68$65,168,518$6,064,589$2,192,736$30,136,358
69$71,690,201$6,236,248$2,140,687$32,916,127
70$78,873,142$6,412,365$2,082,941$35,972,860
71$86,784,665$6,593,034$2,019,182$39,334,695
72$95,498,957$6,778,348$1,949,081$43,032,642
73$105,097,768$6,968,405$1,872,293$47,100,874
74$115,671,182$7,163,299$1,788,456$51,577,049
75$127,318,468$7,363,125$1,697,195$56,502,667
76$140,149,015$7,567,982$1,598,114$61,923,461
77$154,283,366$7,777,964$1,490,802$67,889,831
78$169,854,353$7,993,169$1,374,829$74,457,317
79$187,008,356$8,213,692$1,249,744$81,687,127
80$205,906,675$8,439,630$1,115,077$89,646,713
81$226,727,062$8,671,079$970,339$98,410,407
82$249,665,393$8,908,132$815,015$108,060,127
83$274,937,517$9,150,884$648,572$118,686,147
84$302,781,294$9,399,428$470,450$130,387,953
85$333,458,842$9,653,856$280,066$143,275,179
86$367,259,006$9,914,257$76,810$157,468,646
87$404,500,088$10,180,719$0$173,101,502
88$445,532,852$10,453,329$0$190,360,840
89$490,743,831$10,732,170$0$209,394,241
90$540,558,979$11,017,324$0$230,357,952
91$595,447,689$11,308,867$0$253,448,565
92$655,927,226$11,606,873$0$278,882,714
93$722,567,607$11,911,415$0$306,899,125
94$795,996,985$12,222,556$0$337,760,866
95$876,907,576$12,540,360$0$371,757,828
96$966,062,192$12,864,880$0$409,209,467
97$1,064,301,445$13,196,169$0$450,467,814
98$1,172,551,680$13,534,270$0$495,920,799
99$1,291,833,722$13,879,219$0$545,995,915
100$1,423,272,507$14,231,047$0$601,164,248