Can I retire at age 30 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$169,287$167,779$166,308$164,872$163,470$158,364
2 years$83,805$82,245$80,732$79,265$77,843$72,744
3 years$55,315$53,748$52,239$50,786$49,387$44,455
4 years$41,073$39,510$38,017$36,589$35,223$30,496
5 years$32,530$30,977$29,502$28,104$26,776$22,267
6 years$26,836$25,295$23,842$22,475$21,187$16,900
7 years$22,771$21,242$19,813$18,478$17,231$13,165
8 years$19,724$18,209$16,803$15,500$14,294$10,447
9 years$17,355$15,854$14,472$13,203$12,038$8,405
10 years$15,460$13,974$12,617$11,381$10,257$6,833
11 years$13,912$12,441$11,108$9,905$8,821$5,600
12 years$12,622$11,166$9,858$8,688$7,644$4,619
13 years$11,532$10,091$8,808$7,670$6,666$3,830
14 years$10,598$9,172$7,914$6,809$5,843$3,188
15 years$9,789$8,379$7,145$6,072$5,145$2,663
16 years$9,082$7,688$6,478$5,437$4,547$2,231
17 years$8,459$7,080$5,895$4,885$4,032$1,873
18 years$7,906$6,542$5,381$4,402$3,585$1,575
19 years$7,412$6,063$4,926$3,978$3,195$1,327
20 years$6,967$5,634$4,521$3,603$2,854$1,120
21 years$6,566$5,248$4,158$3,270$2,554$946
22 years$6,201$4,899$3,833$2,973$2,289$799
23 years$5,869$4,582$3,539$2,708$2,055$676
24 years$5,565$4,293$3,273$2,469$1,847$572
25 years$5,285$4,029$3,031$2,255$1,662$485
26 years$5,028$3,786$2,811$2,062$1,497$411
27 years$4,790$3,563$2,611$1,887$1,350$348
28 years$4,569$3,358$2,427$1,729$1,218$295
29 years$4,364$3,168$2,258$1,586$1,100$251
30 years$4,173$2,992$2,104$1,455$994$213
31 years$3,995$2,828$1,961$1,337$898$180
32 years$3,828$2,676$1,830$1,228$813$153
33 years$3,671$2,534$1,708$1,130$736$130
34 years$3,524$2,402$1,596$1,039$666$110
35 years$3,386$2,278$1,492$957$603$94
36 years$3,256$2,162$1,396$881$546$80
37 years$3,133$2,054$1,307$812$495$68
38 years$3,017$1,952$1,224$748$449$57
39 years$2,907$1,856$1,146$690$407$49
40 years$2,803$1,766$1,075$636$369$41
41 years$2,704$1,681$1,008$587$335$35
42 years$2,610$1,601$945$542$304$30
43 years$2,521$1,525$887$500$276$25
44 years$2,436$1,454$833$462$250$22
45 years$2,355$1,386$782$427$227$18
46 years$2,277$1,322$734$394$206$16
47 years$2,204$1,262$690$364$187$13
48 years$2,133$1,205$648$336$170$11
49 years$2,066$1,150$609$311$155$10
50 years$2,002$1,099$573$287$140$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,050,000, adding $2,012 every year, while hoping to spend $56,346 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: 68/23/9 Blend
29$2,050,000$2,050,000$2,050,000$2,050,000
30$2,261,175$2,152,525$2,120,750$2,410,862
31$2,431,864$2,198,047$2,131,844$2,555,972
32$2,618,073$2,243,912$2,141,420$2,707,625
33$2,821,329$2,290,075$2,149,370$2,871,977
34$3,043,307$2,336,491$2,155,576$3,050,262
35$3,285,854$2,383,109$2,159,918$3,243,842
36$3,551,003$2,429,874$2,162,267$3,454,214
37$3,840,992$2,476,724$2,162,490$3,683,029
38$4,158,285$2,523,596$2,160,445$3,932,105
39$4,505,596$2,570,417$2,155,986$4,203,444
40$4,885,912$2,617,113$2,148,957$4,499,253
41$5,302,524$2,663,601$2,139,196$4,821,962
42$5,759,055$2,709,791$2,126,532$5,174,250
43$6,259,497$2,755,588$2,110,789$5,559,068
44$6,808,243$2,800,889$2,091,778$5,979,667
45$7,410,135$2,845,584$2,069,303$6,439,630
46$8,070,504$2,889,554$2,043,161$6,942,905
47$8,795,224$2,932,670$2,013,136$7,493,843
48$9,590,764$2,974,798$1,979,003$8,097,238
49$10,464,250$3,015,791$1,940,526$8,758,372
50$11,423,530$3,055,492$1,897,461$9,483,067
51$12,477,253$3,093,733$1,849,549$10,277,740
52$13,634,944$3,130,338$1,796,520$11,149,460
53$14,907,097$3,165,113$1,738,093$12,106,019
54$16,305,274$3,197,857$1,673,971$13,156,005
55$17,842,211$3,228,350$1,603,848$14,308,881
56$19,531,940$3,256,363$1,527,401$15,575,077
57$21,389,921$3,281,648$1,444,292$16,966,087
58$23,433,186$3,303,942$1,354,169$18,494,578
59$25,680,502$3,322,966$1,256,664$20,174,512
60$28,152,543$3,338,421$1,151,392$22,021,274
61$30,872,090$3,349,991$1,037,951$24,051,822
62$33,864,242$3,357,340$915,922$26,284,844
63$37,156,655$3,360,110$784,866$28,740,938
64$40,779,800$3,357,921$644,324$31,442,803
65$44,767,249$3,350,369$493,819$34,415,456
66$49,155,998$3,337,026$332,851$37,686,471
67$53,986,807$3,317,438$160,899$41,286,234
68$59,304,592$3,291,123$0$45,248,236
69$65,158,840$3,257,568$0$49,611,557
70$71,604,086$3,216,233$0$54,431,335
71$78,700,416$3,166,542$0$59,736,993
72$86,514,043$3,107,886$0$65,577,999
73$95,117,924$3,039,621$0$72,008,870
74$104,592,454$2,961,064$0$79,089,685
75$115,026,219$2,871,492$0$86,886,654
76$126,516,837$2,770,138$0$95,472,740
77$139,171,873$2,656,194$0$104,928,355
78$153,109,858$2,528,801$0$115,342,113
79$168,461,404$2,387,053$0$126,811,673
80$185,370,440$2,229,991$0$139,444,655
81$203,995,565$2,056,601$0$153,359,665
82$224,511,550$1,865,812$0$168,687,408
83$247,110,981$1,656,489$0$185,571,928
84$272,006,080$1,427,437$0$204,171,967
85$299,430,708$1,177,388$0$224,662,465
86$329,642,567$905,008$0$247,236,213
87$362,925,640$608,884$0$272,105,672
88$399,592,860$287,524$0$299,504,986
89$439,989,075$0$0$329,692,187
90$484,494,292$0$0$362,966,987
91$533,527,271$0$0$399,707,389
92$587,549,473$0$0$440,186,423
93$647,069,415$0$0$484,785,148
94$712,647,473$0$0$533,923,484
95$784,901,168$0$0$588,064,173
96$864,510,994$0$0$647,717,148
97$952,226,846$0$0$713,444,344
98$1,048,875,089$0$0$785,865,006
99$1,155,366,368$0$0$865,661,530
100$1,272,704,197$0$0$953,585,906