Can I retire at age 30 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$168,461$166,961$165,497$164,068$162,672$157,908
2 years$83,397$81,843$80,338$78,879$77,463$72,702
3 years$55,046$53,486$51,984$50,538$49,146$44,537
4 years$40,873$39,318$37,831$36,410$35,051$30,630
5 years$32,371$30,825$29,359$27,966$26,645$22,423
6 years$26,705$25,171$23,726$22,365$21,084$17,065
7 years$22,660$21,139$19,716$18,387$17,147$13,331
8 years$19,627$18,120$16,721$15,425$14,225$10,610
9 years$17,270$15,777$14,402$13,138$11,979$8,562
10 years$15,385$13,906$12,556$11,326$10,207$6,983
11 years$13,844$12,380$11,054$9,857$8,778$5,741
12 years$12,560$11,112$9,810$8,646$7,607$4,751
13 years$11,475$10,042$8,765$7,633$6,634$3,953
14 years$10,546$9,128$7,875$6,775$5,815$3,302
15 years$9,741$8,338$7,110$6,043$5,120$2,768
16 years$9,038$7,650$6,446$5,410$4,525$2,327
17 years$8,418$7,045$5,866$4,861$4,012$1,961
18 years$7,867$6,510$5,355$4,381$3,567$1,656
19 years$7,376$6,034$4,902$3,959$3,180$1,400
20 years$6,933$5,607$4,499$3,585$2,840$1,186
21 years$6,534$5,223$4,138$3,254$2,542$1,005
22 years$6,171$4,875$3,814$2,958$2,278$853
23 years$5,840$4,560$3,522$2,694$2,045$724
24 years$5,538$4,272$3,257$2,457$1,838$616
25 years$5,259$4,009$3,016$2,244$1,654$524
26 years$5,003$3,768$2,798$2,052$1,490$446
27 years$4,766$3,546$2,598$1,878$1,343$379
28 years$4,547$3,341$2,415$1,721$1,212$323
29 years$4,343$3,152$2,247$1,578$1,094$275
30 years$4,153$2,977$2,093$1,448$989$234
31 years$3,975$2,814$1,952$1,330$894$200
32 years$3,809$2,663$1,821$1,222$809$170
33 years$3,653$2,522$1,700$1,124$732$145
34 years$3,507$2,390$1,589$1,034$663$124
35 years$3,370$2,267$1,485$952$600$105
36 years$3,240$2,152$1,389$877$544$90
37 years$3,118$2,044$1,300$808$493$77
38 years$3,002$1,942$1,218$745$447$65
39 years$2,893$1,847$1,141$687$405$56
40 years$2,789$1,757$1,069$633$368$48
41 years$2,691$1,673$1,003$584$333$41
42 years$2,597$1,593$941$539$303$35
43 years$2,508$1,518$883$498$275$30
44 years$2,424$1,447$828$460$249$25
45 years$2,343$1,380$778$424$226$22
46 years$2,266$1,316$731$392$205$18
47 years$2,193$1,256$686$362$187$16
48 years$2,123$1,199$645$335$169$13
49 years$2,056$1,145$606$309$154$11
50 years$1,992$1,094$570$286$140$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,040,000, adding $4,039 every year, while hoping to spend $49,071 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: 56/35/9 Blend
29$2,040,000$2,040,000$2,040,000$2,040,000
30$2,252,246$2,144,126$2,112,506$2,373,295
31$2,429,764$2,196,977$2,131,064$2,508,332
32$2,623,744$2,250,773$2,148,599$2,649,551
33$2,835,814$2,305,509$2,165,025$2,802,178
34$3,067,765$2,361,177$2,180,251$2,967,310
35$3,321,570$2,417,767$2,194,182$3,146,150
36$3,599,401$2,475,269$2,206,718$3,340,027
37$3,903,650$2,533,667$2,217,754$3,550,401
38$4,236,952$2,592,946$2,227,178$3,778,882
39$4,602,207$2,653,087$2,234,874$4,027,243
40$5,002,610$2,714,066$2,240,721$4,297,435
41$5,441,680$2,775,859$2,244,589$4,591,609
42$5,923,293$2,838,438$2,246,344$4,912,134
43$6,451,717$2,901,769$2,245,844$5,261,620
44$7,031,654$2,965,818$2,242,942$5,642,940
45$7,668,283$3,030,543$2,237,481$6,059,263
46$8,367,309$3,095,901$2,229,298$6,514,077
47$9,135,017$3,161,843$2,218,222$7,011,228
48$9,978,330$3,228,315$2,204,074$7,554,952
49$10,904,875$3,295,257$2,186,665$8,149,915
50$11,923,053$3,362,606$2,165,799$8,801,261
51$13,042,120$3,430,289$2,141,269$9,514,657
52$14,272,274$3,498,231$2,112,860$10,296,349
53$15,624,750$3,566,348$2,080,344$11,153,216
54$17,111,923$3,634,548$2,043,485$12,092,844
55$18,747,433$3,702,734$2,002,035$13,123,588
56$20,546,302$3,770,799$1,955,734$14,254,657
57$22,525,085$3,838,628$1,904,311$15,496,200
58$24,702,019$3,906,097$1,847,481$16,859,400
59$27,097,202$3,973,073$1,784,949$18,356,582
60$29,732,774$4,039,411$1,716,402$20,001,329
61$32,633,132$4,104,956$1,641,516$21,808,610
62$35,825,155$4,169,543$1,559,951$23,794,920
63$39,338,464$4,232,994$1,471,352$25,978,441
64$43,205,693$4,295,117$1,375,348$28,379,207
65$47,462,803$4,355,706$1,271,552$31,019,299
66$52,149,417$4,414,544$1,159,557$33,923,052
67$57,309,196$4,471,395$1,038,941$37,117,285
68$62,990,250$4,526,009$909,261$40,631,554
69$69,245,590$4,578,118$770,055$44,498,434
70$76,133,629$4,627,436$620,842$48,753,822
71$83,718,737$4,673,657$461,117$53,437,282
72$92,071,838$4,716,456$290,355$58,592,418
73$101,271,091$4,755,488$108,006$64,267,283
74$111,402,616$4,790,381$0$70,514,837
75$122,561,317$4,820,743$0$77,401,761
76$134,851,767$4,846,156$0$84,995,673
77$148,389,203$4,866,173$0$93,357,140
78$163,300,608$4,880,322$0$102,564,353
79$179,725,911$4,888,098$0$112,703,480
80$197,819,307$4,888,968$0$123,869,481
81$217,750,712$4,882,364$0$136,167,007
82$239,707,366$4,867,681$0$149,711,385
83$263,895,601$4,844,280$0$164,629,711
84$290,542,785$4,811,483$0$181,062,049
85$319,899,471$4,768,568$0$199,162,758
86$352,241,761$4,714,772$0$219,101,943
87$387,873,910$4,649,285$0$241,067,068
88$427,131,198$4,571,249$0$265,264,728
89$470,383,095$4,479,756$0$291,922,596
90$518,036,748$4,373,841$0$321,291,575
91$570,540,823$4,252,485$0$353,648,172
92$628,389,739$4,114,610$0$389,297,108
93$692,128,339$3,959,071$0$428,574,195
94$762,357,025$3,784,661$0$471,849,510
95$839,737,432$3,590,100$0$519,530,892
96$924,998,670$3,374,036$0$572,067,791
97$1,018,944,208$3,135,036$0$629,955,518
98$1,122,459,454$2,871,590$0$693,739,922
99$1,236,520,117$2,582,097$0$764,022,544
100$1,362,201,417$2,264,868$0$841,466,304