Can I retire at age 30 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$160,203$158,776$157,384$156,025$154,698$152,829
2 years$79,309$77,832$76,400$75,012$73,666$71,784
3 years$52,347$50,864$49,436$48,061$46,737$44,901
4 years$38,869$37,390$35,977$34,625$33,333$31,558
5 years$30,784$29,314$27,919$26,596$25,339$23,631
6 years$25,396$23,937$22,563$21,269$20,050$18,409
7 years$21,549$20,103$18,750$17,486$16,306$14,734
8 years$18,665$17,232$15,901$14,669$13,527$12,024
9 years$16,423$15,003$13,696$12,494$11,392$9,956
10 years$14,631$13,225$11,940$10,770$9,707$8,337
11 years$13,165$11,773$10,512$9,373$8,348$7,044
12 years$11,945$10,567$9,329$8,222$7,234$5,995
13 years$10,913$9,549$8,335$7,259$6,308$5,131
14 years$10,029$8,680$7,489$6,443$5,530$4,414
15 years$9,264$7,929$6,762$5,746$4,869$3,812
16 years$8,595$7,275$6,130$5,145$4,303$3,303
17 years$8,005$6,700$5,578$4,623$3,816$2,871
18 years$7,482$6,191$5,092$4,166$3,393$2,501
19 years$7,014$5,738$4,662$3,765$3,024$2,184
20 years$6,593$5,332$4,278$3,409$2,701$1,910
21 years$6,213$4,967$3,935$3,094$2,417$1,673
22 years$5,868$4,636$3,627$2,813$2,167$1,468
23 years$5,554$4,336$3,349$2,562$1,945$1,289
24 years$5,266$4,063$3,097$2,337$1,748$1,133
25 years$5,002$3,813$2,869$2,134$1,573$997
26 years$4,758$3,583$2,660$1,951$1,417$878
27 years$4,533$3,372$2,470$1,786$1,277$774
28 years$4,324$3,178$2,297$1,637$1,153$683
29 years$4,130$2,998$2,137$1,501$1,041$602
30 years$3,949$2,831$1,991$1,377$940$532
31 years$3,780$2,676$1,856$1,265$850$469
32 years$3,622$2,532$1,732$1,163$769$415
33 years$3,474$2,398$1,617$1,069$696$366
34 years$3,335$2,273$1,511$984$630$324
35 years$3,204$2,156$1,412$905$571$286
36 years$3,081$2,046$1,321$834$517$253
37 years$2,965$1,943$1,237$768$469$224
38 years$2,855$1,847$1,158$708$425$198
39 years$2,751$1,756$1,085$653$385$175
40 years$2,652$1,671$1,017$602$350$155
41 years$2,559$1,591$954$556$317$137
42 years$2,470$1,515$894$513$288$121
43 years$2,385$1,443$839$473$261$107
44 years$2,305$1,376$788$437$237$95
45 years$2,228$1,312$740$404$215$84
46 years$2,155$1,251$695$373$195$75
47 years$2,086$1,194$653$345$177$66
48 years$2,019$1,140$613$318$161$58
49 years$1,955$1,089$577$294$146$52
50 years$1,894$1,040$542$272$133$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,940,000, adding $5,294 every year, while hoping to spend $57,550 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: 57/21/22 Blend
29$1,940,000$1,940,000$1,940,000$1,940,000
30$2,143,341$2,040,521$2,010,451$2,252,527
31$2,300,729$2,079,274$2,016,568$2,366,371
32$2,472,242$2,117,996$2,020,962$2,483,781
33$2,659,259$2,156,627$2,023,513$2,610,495
34$2,863,300$2,195,098$2,024,097$2,747,424
35$3,086,036$2,233,338$2,022,584$2,895,574
36$3,329,308$2,271,267$2,018,836$3,056,052
37$3,595,141$2,308,803$2,012,711$3,230,079
38$3,885,766$2,345,855$2,004,057$3,419,003
39$4,203,638$2,382,326$1,992,717$3,624,308
40$4,551,461$2,418,111$1,978,525$3,847,633
41$4,932,212$2,453,101$1,961,307$4,090,785
42$5,349,169$2,487,175$1,940,883$4,355,754
43$5,805,943$2,520,205$1,917,061$4,644,737
44$6,306,510$2,552,055$1,889,643$4,960,158
45$6,855,247$2,582,580$1,858,420$5,304,685
46$7,456,978$2,611,622$1,823,173$5,681,266
47$8,117,015$2,639,016$1,783,674$6,093,148
48$8,841,207$2,664,584$1,739,684$6,543,913
49$9,635,999$2,688,138$1,690,952$7,037,509
50$10,508,488$2,709,474$1,637,216$7,578,293
51$11,466,495$2,728,379$1,578,204$8,171,065
52$12,518,631$2,744,624$1,513,628$8,821,122
53$13,674,386$2,757,965$1,443,189$9,534,302
54$14,944,212$2,768,144$1,366,574$10,317,042
55$16,339,624$2,774,885$1,283,457$11,176,441
56$17,873,308$2,777,897$1,193,494$12,120,325
57$19,559,239$2,776,867$1,096,330$13,157,325
58$21,412,815$2,771,467$991,591$14,296,953
59$23,451,000$2,761,347$878,887$15,549,701
60$25,692,483$2,746,134$757,810$16,927,134
61$28,157,855$2,725,434$627,937$18,442,004
62$30,869,805$2,698,829$488,821$20,108,367
63$33,853,330$2,665,876$340,001$21,941,724
64$37,135,970$2,626,104$180,991$23,959,161
65$40,748,072$2,579,016$11,288$26,179,515
66$44,723,071$2,524,084$0$28,623,553
67$49,097,809$2,460,749$0$31,354,031
68$53,912,880$2,388,420$0$34,361,743
69$59,213,011$2,306,470$0$37,671,994
70$65,047,488$2,214,237$0$41,315,594
71$71,470,616$2,111,019$0$45,326,500
72$78,542,235$1,996,074$0$49,742,134
73$86,328,279$1,868,618$0$54,603,740
74$94,901,403$1,727,821$0$59,956,770
75$104,341,667$1,572,805$0$65,851,320
76$114,737,289$1,402,643$0$72,342,596
77$126,185,475$1,216,356$0$79,491,443
78$138,793,344$1,012,908$0$87,364,914
79$152,678,930$791,205$0$96,036,911
80$167,972,298$550,091$0$105,588,877
81$184,816,773$288,346$0$116,110,570
82$203,370,291$4,682$0$127,700,909
83$223,806,887$0$0$140,468,914
84$246,318,340$0$0$154,604,578
85$271,115,980$0$0$170,177,257
86$298,432,685$0$0$187,332,143
87$328,525,074$0$0$206,230,427
88$361,675,932$0$0$227,049,734
89$398,196,879$0$0$249,985,800
90$438,431,308$0$0$275,254,321
91$482,757,627$0$0$303,092,984
92$531,592,829$0$0$333,763,716
93$585,396,431$0$0$367,555,154
94$644,674,805$0$0$404,785,366
95$709,985,964$0$0$445,804,856
96$781,944,822$0$0$490,999,873
97$861,229,003$0$0$540,796,054
98$948,585,234$0$0$595,662,442
99$1,044,836,392$0$0$656,115,915
100$1,150,889,276$0$0$722,726,064