Can I retire at age 30 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$162,681$161,232$159,818$158,438$157,091$156,232
2 years$80,535$79,035$77,582$76,172$74,805$73,938
3 years$53,157$51,650$50,200$48,804$47,459$46,612
4 years$39,470$37,968$36,533$35,161$33,848$33,026
5 years$31,260$29,768$28,351$27,007$25,731$24,937
6 years$25,789$24,308$22,912$21,598$20,360$19,595
7 years$21,883$20,413$19,040$17,757$16,558$15,823
8 years$18,954$17,498$16,147$14,896$13,737$13,030
9 years$16,677$15,235$13,908$12,688$11,568$10,891
10 years$14,857$13,429$12,125$10,937$9,857$9,209
11 years$13,369$11,955$10,675$9,518$8,477$7,858
12 years$12,129$10,730$9,474$8,349$7,346$6,755
13 years$11,082$9,697$8,464$7,371$6,406$5,842
14 years$10,184$8,814$7,605$6,543$5,615$5,078
15 years$9,407$8,052$6,866$5,835$4,944$4,433
16 years$8,728$7,388$6,225$5,225$4,370$3,884
17 years$8,129$6,804$5,665$4,694$3,875$3,413
18 years$7,598$6,287$5,171$4,231$3,445$3,008
19 years$7,122$5,827$4,734$3,823$3,071$2,657
20 years$6,695$5,414$4,345$3,462$2,743$2,351
21 years$6,310$5,043$3,996$3,142$2,454$2,084
22 years$5,959$4,708$3,683$2,857$2,200$1,850
23 years$5,640$4,403$3,401$2,602$1,975$1,645
24 years$5,347$4,125$3,145$2,373$1,775$1,464
25 years$5,079$3,871$2,913$2,167$1,597$1,304
26 years$4,831$3,639$2,702$1,982$1,439$1,163
27 years$4,603$3,424$2,509$1,814$1,297$1,038
28 years$4,391$3,227$2,332$1,662$1,170$927
29 years$4,194$3,044$2,170$1,524$1,057$829
30 years$4,010$2,875$2,022$1,399$955$741
31 years$3,839$2,718$1,885$1,285$863$663
32 years$3,678$2,571$1,758$1,180$781$593
33 years$3,528$2,435$1,642$1,086$707$531
34 years$3,387$2,308$1,534$999$640$476
35 years$3,254$2,189$1,434$919$580$426
36 years$3,129$2,078$1,342$847$525$382
37 years$3,011$1,973$1,256$780$476$343
38 years$2,899$1,875$1,176$719$432$307
39 years$2,793$1,783$1,102$663$391$276
40 years$2,693$1,697$1,033$612$355$247
41 years$2,598$1,615$968$564$322$222
42 years$2,508$1,538$908$521$292$199
43 years$2,422$1,466$852$481$265$179
44 years$2,341$1,397$800$444$241$160
45 years$2,263$1,332$751$410$219$144
46 years$2,189$1,271$706$379$198$129
47 years$2,118$1,213$663$350$180$116
48 years$2,050$1,158$623$323$164$104
49 years$1,985$1,106$586$299$149$94
50 years$1,923$1,056$550$276$135$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,970,000, adding $2,963 every year, while hoping to spend $55,245 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: 24/46/30 Blend
29$1,970,000$1,970,000$1,970,000$1,970,000
30$2,173,996$2,069,586$2,039,051$2,205,670
31$2,336,964$2,112,216$2,048,579$2,275,825
32$2,514,702$2,155,083$2,056,575$2,346,103
33$2,708,660$2,198,140$2,062,928$2,420,257
34$2,920,432$2,241,337$2,067,525$2,498,648
35$3,151,772$2,284,619$2,070,243$2,581,677
36$3,404,612$2,327,925$2,070,956$2,669,786
37$3,681,081$2,371,191$2,069,531$2,763,465
38$3,983,518$2,414,347$2,065,828$2,863,258
39$4,314,504$2,457,317$2,059,700$2,969,763
40$4,676,878$2,500,019$2,050,994$3,083,645
41$5,073,765$2,542,366$2,039,548$3,205,639
42$5,508,611$2,584,264$2,025,195$3,336,558
43$5,985,206$2,625,610$2,007,756$3,477,301
44$6,507,728$2,666,295$1,987,046$3,628,862
45$7,080,776$2,706,203$1,962,872$3,792,342
46$7,709,416$2,745,209$1,935,029$3,968,957
47$8,399,230$2,783,177$1,903,306$4,160,052
48$9,156,363$2,819,964$1,867,478$4,367,115
49$9,987,586$2,855,417$1,827,313$4,591,791
50$10,900,359$2,889,371$1,782,567$4,835,896
51$11,902,897$2,921,651$1,732,984$5,101,441
52$13,004,250$2,952,071$1,678,297$5,390,646
53$14,214,390$2,980,429$1,618,227$5,705,966
54$15,544,302$3,006,513$1,552,481$6,050,112
55$17,006,085$3,030,097$1,480,754$6,426,082
56$18,613,073$3,050,939$1,402,726$6,837,185
57$20,379,954$3,068,782$1,318,064$7,287,080
58$22,322,909$3,083,352$1,226,419$7,779,805
59$24,459,767$3,094,358$1,127,426$8,319,824
60$26,810,173$3,101,491$1,020,705$8,912,064
61$29,395,769$3,104,423$905,856$9,561,968
62$32,240,400$3,102,802$782,466$10,275,545
63$35,370,342$3,096,260$650,099$11,059,431
64$38,814,542$3,084,402$508,303$11,920,952
65$42,604,898$3,066,811$356,603$12,868,196
66$46,776,555$3,043,042$194,507$13,910,093
67$51,368,239$3,012,627$21,499$15,056,496
68$56,422,620$2,975,066$0$16,318,285
69$61,986,715$2,929,832$0$17,759,685
70$68,112,330$2,876,364$0$19,352,465
71$74,856,552$2,814,070$0$21,104,547
72$82,282,282$2,742,321$0$23,032,263
73$90,458,833$2,660,453$0$25,153,622
74$99,462,581$2,567,762$0$27,488,483
75$109,377,685$2,463,503$0$30,058,743
76$120,296,882$2,346,888$0$32,888,548
77$132,322,361$2,217,083$0$36,004,519
78$145,566,728$2,073,206$0$39,436,012
79$160,154,066$1,914,325$0$43,215,393
80$176,221,108$1,739,454$0$47,378,346
81$193,918,525$1,547,551$0$51,964,217
82$213,412,349$1,337,515$0$57,016,384
83$234,885,538$1,108,183$0$62,582,673
84$258,539,704$858,325$0$68,715,811
85$284,597,014$586,643$0$75,473,927
86$313,302,286$291,765$0$82,921,107
87$344,925,302$0$0$91,128,002
88$379,763,351$0$0$100,186,548
89$418,144,034$0$0$110,329,493
90$460,428,359$0$0$121,504,622
91$507,014,144$0$0$133,817,142
92$558,339,775$0$0$147,382,990
93$614,888,341$0$0$162,329,923
94$677,192,196$0$0$178,798,730
95$745,837,979$0$0$196,944,558
96$821,472,155$0$0$216,938,372
97$904,807,116$0$0$238,968,579
98$996,627,905$0$0$263,242,794
99$1,097,799,623$0$0$289,989,812
100$1,209,275,601$0$0$319,461,757