Can I retire at age 30 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$161,855$160,413$159,007$157,634$156,293$150,988
2 years$80,126$78,634$77,188$75,785$74,425$69,134
3 years$52,887$51,388$49,946$48,556$47,218$42,107
4 years$39,270$37,776$36,348$34,982$33,677$28,783
5 years$31,102$29,617$28,207$26,870$25,600$20,939
6 years$25,658$24,184$22,796$21,488$20,257$15,831
7 years$21,771$20,310$18,943$17,666$16,474$12,283
8 years$18,858$17,409$16,065$14,820$13,667$9,707
9 years$16,593$15,158$13,837$12,623$11,510$7,776
10 years$14,782$13,361$12,064$10,881$9,807$6,294
11 years$13,301$11,894$10,621$9,470$8,434$5,135
12 years$12,068$10,676$9,425$8,307$7,309$4,216
13 years$11,025$9,648$8,421$7,333$6,373$3,479
14 years$10,132$8,770$7,566$6,510$5,587$2,882
15 years$9,359$8,011$6,831$5,806$4,919$2,396
16 years$8,684$7,350$6,194$5,198$4,348$1,997
17 years$8,088$6,769$5,636$4,671$3,855$1,668
18 years$7,559$6,255$5,145$4,209$3,428$1,395
19 years$7,086$5,797$4,710$3,803$3,055$1,169
20 years$6,661$5,387$4,323$3,445$2,729$981
21 years$6,278$5,018$3,976$3,126$2,442$824
22 years$5,929$4,684$3,664$2,842$2,189$693
23 years$5,611$4,381$3,383$2,589$1,965$583
24 years$5,320$4,104$3,129$2,361$1,766$491
25 years$5,053$3,852$2,898$2,156$1,589$413
26 years$4,807$3,620$2,688$1,972$1,431$348
27 years$4,579$3,407$2,496$1,805$1,291$294
28 years$4,368$3,210$2,320$1,653$1,165$248
29 years$4,172$3,029$2,159$1,516$1,052$209
30 years$3,990$2,860$2,011$1,392$950$176
31 years$3,819$2,704$1,875$1,278$859$149
32 years$3,660$2,558$1,749$1,174$777$125
33 years$3,510$2,423$1,633$1,080$703$106
34 years$3,370$2,296$1,526$994$637$89
35 years$3,237$2,178$1,427$915$577$75
36 years$3,113$2,067$1,335$843$522$64
37 years$2,995$1,963$1,249$776$474$54
38 years$2,884$1,866$1,170$715$429$45
39 years$2,779$1,774$1,096$660$389$38
40 years$2,680$1,688$1,027$608$353$32
41 years$2,585$1,607$963$561$320$27
42 years$2,495$1,530$904$518$291$23
43 years$2,410$1,458$848$478$264$19
44 years$2,329$1,390$796$442$239$16
45 years$2,251$1,325$747$408$217$14
46 years$2,178$1,264$702$377$197$12
47 years$2,107$1,207$660$348$179$10
48 years$2,040$1,152$620$322$163$8
49 years$1,975$1,100$583$297$148$7
50 years$1,914$1,051$548$275$134$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,960,000, adding $3,492 every year, while hoping to spend $22,315 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: 46/43/11 Blend
29$1,960,000$1,960,000$1,960,000$1,960,000
30$2,163,522$2,059,642$2,029,262$2,256,214
31$2,360,458$2,136,821$2,073,499$2,397,847
32$2,576,734$2,217,035$2,118,471$2,548,830
33$2,814,299$2,300,407$2,164,177$2,712,114
34$3,075,299$2,387,069$2,210,619$2,888,848
35$3,362,101$2,477,156$2,257,796$3,080,291
36$3,677,309$2,570,811$2,305,706$3,287,829
37$4,023,796$2,668,182$2,354,348$3,512,983
38$4,404,723$2,769,423$2,403,719$3,757,427
39$4,823,576$2,874,696$2,453,815$4,022,999
40$5,284,193$2,984,168$2,504,630$4,311,720
41$5,790,804$3,098,016$2,556,159$4,625,814
42$6,348,070$3,216,423$2,608,394$4,967,724
43$6,961,125$3,339,580$2,661,327$5,340,140
44$7,635,626$3,467,686$2,714,948$5,746,016
45$8,377,808$3,600,950$2,769,246$6,188,607
46$9,194,537$3,739,589$2,824,209$6,671,491
47$10,093,381$3,883,831$2,879,822$7,198,604
48$11,082,680$4,033,912$2,936,069$7,774,279
49$12,171,620$4,190,080$2,992,934$8,403,283
50$13,370,324$4,352,593$3,050,396$9,090,861
51$14,689,948$4,521,721$3,108,436$9,842,788
52$16,142,783$4,697,746$3,167,029$10,665,420
53$17,742,373$4,880,962$3,226,150$11,565,751
54$19,503,641$5,071,675$3,285,772$12,551,482
55$21,443,033$5,270,207$3,345,866$13,631,091
56$23,578,668$5,476,893$3,406,398$14,813,912
57$25,930,513$5,692,082$3,467,333$16,110,219
58$28,520,572$5,916,141$3,528,636$17,531,326
59$31,373,089$6,149,450$3,590,263$19,089,693
60$34,514,780$6,392,409$3,652,174$20,799,037
61$37,975,086$6,645,435$3,714,319$22,674,464
62$41,786,446$6,908,963$3,776,650$24,732,610
63$45,984,609$7,183,447$3,839,113$26,991,796
64$50,608,966$7,469,364$3,901,651$29,472,198
65$55,702,927$7,767,209$3,964,203$32,196,038
66$61,314,325$8,077,502$4,026,703$35,187,791
67$67,495,872$8,400,784$4,089,083$38,474,414
68$74,305,651$8,737,624$4,151,268$42,085,599
69$81,807,672$9,088,612$4,213,180$46,054,051
70$90,072,469$9,454,368$4,274,736$50,415,796
71$99,177,768$9,835,539$4,335,847$55,210,516
72$109,209,222$10,232,802$4,396,419$60,481,925
73$120,261,217$10,646,864$4,456,353$66,278,178
74$132,437,763$11,078,462$4,515,543$72,652,320
75$145,853,480$11,528,372$4,573,879$79,662,791
76$160,634,672$11,997,399$4,631,241$87,373,968
77$176,920,526$12,486,389$4,687,505$95,856,775
78$194,864,422$12,996,224$4,742,538$105,189,346
79$214,635,382$13,527,829$4,796,203$115,457,763
80$236,419,667$14,082,168$4,848,351$126,756,864
81$260,422,530$14,660,251$4,898,828$139,191,135
82$286,870,159$15,263,134$4,947,470$152,875,692
83$316,011,809$15,891,922$4,994,104$167,937,367
84$348,122,155$16,547,767$5,038,548$184,515,897
85$383,503,886$17,231,880$5,080,611$202,765,246
86$422,490,562$17,945,521$5,120,091$222,855,049
87$465,449,761$18,690,014$5,156,776$244,972,210
88$512,786,552$19,466,739$5,190,442$269,322,665
89$564,947,313$20,277,143$5,220,856$296,133,319
90$622,423,953$21,122,737$5,247,768$325,654,183
91$685,758,549$22,005,104$5,270,921$358,160,732
92$755,548,466$22,925,898$5,290,041$393,956,497
93$832,451,994$23,886,851$5,304,842$433,375,929
94$917,194,565$24,889,775$5,315,023$476,787,546
95$1,010,575,602$25,936,565$5,320,267$524,597,411
96$1,113,476,061$27,029,205$5,320,243$577,252,956
97$1,226,866,752$28,169,768$5,314,604$635,247,201
98$1,351,817,501$29,360,428$5,302,984$699,123,399
99$1,489,507,253$30,603,455$5,285,001$769,480,165
100$1,641,235,197$31,901,229$5,260,252$846,977,109