Can I retire at age 30 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$163,507$162,050$160,629$159,242$157,888$151,803
2 years$80,944$79,436$77,975$76,559$75,185$69,127
3 years$53,427$51,913$50,455$49,052$47,700$41,860
4 years$39,671$38,161$36,718$35,339$34,020$28,443
5 years$31,419$29,919$28,495$27,144$25,862$20,560
6 years$25,920$24,431$23,028$21,707$20,463$15,442
7 years$21,994$20,517$19,137$17,847$16,642$11,899
8 years$19,050$17,587$16,229$14,971$13,806$9,337
9 years$16,762$15,313$13,978$12,752$11,627$7,425
10 years$14,932$13,497$12,187$10,992$9,907$5,965
11 years$13,437$12,016$10,729$9,567$8,520$4,828
12 years$12,191$10,785$9,522$8,391$7,383$3,933
13 years$11,138$9,746$8,507$7,408$6,438$3,218
14 years$10,236$8,859$7,644$6,576$5,644$2,644
15 years$9,455$8,093$6,901$5,865$4,969$2,179
16 years$8,772$7,425$6,257$5,251$4,392$1,800
17 years$8,170$6,838$5,693$4,718$3,894$1,491
18 years$7,636$6,319$5,197$4,252$3,463$1,236
19 years$7,159$5,856$4,758$3,842$3,086$1,027
20 years$6,729$5,442$4,367$3,480$2,757$853
21 years$6,342$5,069$4,016$3,158$2,467$710
22 years$5,989$4,732$3,702$2,871$2,211$592
23 years$5,668$4,425$3,418$2,615$1,985$493
24 years$5,375$4,146$3,161$2,385$1,784$411
25 years$5,105$3,891$2,928$2,178$1,605$343
26 years$4,856$3,657$2,715$1,992$1,446$286
27 years$4,626$3,442$2,521$1,823$1,304$239
28 years$4,413$3,243$2,344$1,670$1,176$200
29 years$4,215$3,059$2,181$1,532$1,062$167
30 years$4,030$2,889$2,032$1,406$960$139
31 years$3,858$2,731$1,894$1,291$868$116
32 years$3,697$2,584$1,767$1,186$785$97
33 years$3,546$2,448$1,650$1,091$710$81
34 years$3,404$2,320$1,542$1,004$643$68
35 years$3,270$2,200$1,441$924$583$57
36 years$3,145$2,088$1,348$851$528$47
37 years$3,026$1,983$1,262$784$478$40
38 years$2,914$1,885$1,182$723$434$33
39 years$2,808$1,792$1,107$666$393$28
40 years$2,707$1,705$1,038$615$357$23
41 years$2,612$1,623$973$567$324$19
42 years$2,521$1,546$913$523$294$16
43 years$2,435$1,473$857$483$267$14
44 years$2,353$1,404$804$446$242$11
45 years$2,274$1,339$755$412$220$9
46 years$2,200$1,277$709$381$199$8
47 years$2,129$1,219$666$352$181$7
48 years$2,060$1,164$626$325$164$6
49 years$1,995$1,111$588$300$149$5
50 years$1,933$1,061$553$278$136$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,980,000, adding $2,112 every year, while hoping to spend $21,521 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: 43/40/17 Blend
29$1,980,000$1,980,000$1,980,000$1,980,000
30$2,184,139$2,079,199$2,048,509$2,267,170
31$2,384,022$2,158,181$2,094,235$2,404,796
32$2,603,573$2,240,312$2,140,773$2,551,521
33$2,844,774$2,325,724$2,188,125$2,710,026
34$3,109,810$2,414,554$2,236,296$2,881,406
35$3,401,088$2,506,944$2,285,290$3,066,860
36$3,721,260$2,603,046$2,335,108$3,267,710
37$4,073,247$2,703,013$2,385,753$3,485,406
38$4,460,269$2,807,011$2,437,225$3,721,540
39$4,885,870$2,915,208$2,489,526$3,977,866
40$5,353,957$3,027,782$2,542,654$4,256,309
41$5,868,837$3,144,919$2,596,609$4,558,986
42$6,435,250$3,266,813$2,651,387$4,888,225
43$7,058,423$3,393,664$2,706,986$5,246,587
44$7,744,113$3,525,684$2,763,401$5,636,888
45$8,498,665$3,663,095$2,820,627$6,062,226
46$9,329,066$3,806,124$2,878,656$6,526,008
47$10,243,021$3,955,014$2,937,480$7,031,983
48$11,249,014$4,110,014$2,997,091$7,584,276
49$12,356,396$4,271,388$3,057,476$8,187,427
50$13,575,470$4,439,408$3,118,624$8,846,429
51$14,917,590$4,614,361$3,180,520$9,566,781
52$16,395,265$4,796,546$3,243,148$10,354,533
53$18,022,280$4,986,274$3,306,491$11,216,345
54$19,813,823$5,183,871$3,370,528$12,159,547
55$21,786,631$5,389,679$3,435,239$13,192,210
56$23,959,147$5,604,054$3,500,600$14,323,219
57$26,351,694$5,827,366$3,566,584$15,562,354
58$28,986,665$6,060,005$3,633,162$16,920,386
59$31,888,736$6,302,377$3,700,305$18,409,173
60$35,085,101$6,554,907$3,767,978$20,041,772
61$38,605,721$6,818,037$3,836,145$21,832,562
62$42,483,615$7,092,232$3,904,767$23,797,376
63$46,755,168$7,377,975$3,973,801$25,953,652
64$51,460,474$7,675,775$4,043,202$28,320,592
65$56,643,714$7,986,159$4,112,921$30,919,348
66$62,353,574$8,309,682$4,182,905$33,773,211
67$68,643,703$8,646,921$4,253,097$36,907,838
68$75,573,223$8,998,483$4,323,438$40,351,486
69$83,207,282$9,364,998$4,393,863$44,135,282
70$91,617,671$9,747,129$4,464,304$48,293,509
71$100,883,501$10,145,567$4,534,686$52,863,933
72$111,091,953$10,561,034$4,604,933$57,888,154
73$122,339,094$10,994,287$4,674,960$63,411,998
74$134,730,790$11,446,115$4,744,679$69,485,947
75$148,383,702$11,917,346$4,813,997$76,165,613
76$163,426,387$12,408,844$4,882,814$83,512,258
77$180,000,514$12,921,513$4,951,024$91,593,376
78$198,262,199$13,456,299$5,018,515$100,483,319
79$218,383,476$14,014,191$5,085,169$110,264,004
80$240,553,928$14,596,223$5,150,859$121,025,677
81$264,982,468$15,203,478$5,215,453$132,867,767
82$291,899,320$15,837,088$5,278,810$145,899,815
83$321,558,182$16,498,237$5,340,781$160,242,512
84$354,238,629$17,188,163$5,401,211$176,028,830
85$390,248,750$17,908,164$5,459,932$193,405,273
86$429,928,054$18,659,595$5,516,770$212,533,261
87$473,650,675$19,443,875$5,571,542$233,590,644
88$521,828,907$20,262,488$5,624,052$256,773,380
89$574,917,094$21,116,988$5,674,096$282,297,381
90$633,415,917$22,009,001$5,721,458$310,400,545
91$697,877,125$22,940,226$5,765,911$341,344,995
92$768,908,738$23,912,443$5,807,216$375,419,556
93$847,180,793$24,927,517$5,845,121$412,942,467
94$933,431,663$25,987,394$5,879,362$454,264,386
95$1,028,475,033$27,094,116$5,909,660$499,771,693
96$1,133,207,576$28,249,818$5,935,724$549,890,131
97$1,248,617,424$29,456,734$5,957,245$605,088,819
98$1,375,793,490$30,717,203$5,973,902$665,884,676
99$1,515,935,754$32,033,674$5,985,355$732,847,290
100$1,670,366,585$33,408,708$5,991,249$806,604,295