Can I retire at age 30 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$170,939$169,416$167,930$166,481$165,065$163,819
2 years$84,623$83,047$81,520$80,039$78,602$77,346
3 years$55,855$54,272$52,749$51,282$49,868$48,641
4 years$41,474$39,896$38,387$36,945$35,567$34,377
5 years$32,847$31,279$29,790$28,378$27,037$25,889
6 years$27,098$25,541$24,075$22,694$21,394$20,289
7 years$22,993$21,450$20,006$18,658$17,399$16,338
8 years$19,916$18,386$16,967$15,652$14,434$13,416
9 years$17,524$16,009$14,614$13,332$12,155$11,181
10 years$15,611$14,111$12,741$11,492$10,357$9,426
11 years$14,047$12,562$11,217$10,002$8,907$8,018
12 years$12,745$11,275$9,954$8,773$7,719$6,871
13 years$11,644$10,189$8,894$7,745$6,731$5,924
14 years$10,701$9,262$7,991$6,875$5,900$5,132
15 years$9,885$8,461$7,215$6,131$5,195$4,466
16 years$9,171$7,763$6,541$5,490$4,592$3,899
17 years$8,542$7,149$5,952$4,933$4,071$3,415
18 years$7,983$6,606$5,434$4,445$3,620$2,999
19 years$7,484$6,122$4,974$4,017$3,226$2,639
20 years$7,035$5,689$4,565$3,638$2,882$2,327
21 years$6,630$5,299$4,199$3,302$2,579$2,055
22 years$6,262$4,947$3,870$3,002$2,312$1,818
23 years$5,926$4,627$3,573$2,734$2,075$1,610
24 years$5,619$4,335$3,305$2,494$1,865$1,428
25 years$5,337$4,068$3,061$2,277$1,678$1,267
26 years$5,077$3,823$2,839$2,082$1,512$1,125
27 years$4,836$3,598$2,636$1,906$1,363$1,001
28 years$4,614$3,391$2,451$1,746$1,230$890
29 years$4,407$3,199$2,280$1,601$1,111$792
30 years$4,214$3,021$2,124$1,470$1,003$706
31 years$4,034$2,856$1,980$1,350$907$629
32 years$3,865$2,702$1,848$1,240$821$560
33 years$3,707$2,559$1,725$1,141$743$500
34 years$3,559$2,425$1,612$1,050$672$446
35 years$3,419$2,300$1,507$966$609$398
36 years$3,288$2,183$1,410$890$552$355
37 years$3,164$2,074$1,320$820$500$317
38 years$3,046$1,971$1,236$756$453$283
39 years$2,935$1,874$1,158$697$411$253
40 years$2,830$1,783$1,085$643$373$226
41 years$2,730$1,697$1,017$593$338$202
42 years$2,635$1,616$954$547$307$180
43 years$2,545$1,540$896$505$279$161
44 years$2,459$1,468$841$466$253$144
45 years$2,378$1,400$789$431$230$129
46 years$2,300$1,335$741$398$208$115
47 years$2,225$1,274$697$368$189$103
48 years$2,154$1,217$655$340$172$92
49 years$2,086$1,162$615$314$156$82
50 years$2,021$1,110$578$290$142$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,070,000, adding $4,345 every year, while hoping to spend $31,887 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: 42/35/23 Blend
29$2,070,000$2,070,000$2,070,000$2,070,000
30$2,285,622$2,175,912$2,143,827$2,366,058
31$2,484,828$2,248,604$2,181,718$2,496,555
32$2,703,284$2,323,789$2,219,809$2,634,396
33$2,942,920$2,401,556$2,258,074$2,783,032
34$3,205,862$2,481,997$2,296,484$2,943,473
35$3,494,452$2,565,206$2,335,007$3,116,830
36$3,811,267$2,651,283$2,373,611$3,304,327
37$4,159,150$2,740,329$2,412,261$3,507,306
38$4,541,230$2,832,451$2,450,918$3,727,246
39$4,960,953$2,927,760$2,489,542$3,965,775
40$5,422,119$3,026,369$2,528,090$4,224,681
41$5,928,911$3,128,397$2,566,517$4,505,934
42$6,485,939$3,233,967$2,604,774$4,811,701
43$7,098,280$3,343,206$2,642,809$5,144,367
44$7,771,529$3,456,248$2,680,568$5,506,558
45$8,511,851$3,573,230$2,717,992$5,901,162
46$9,326,035$3,694,294$2,755,021$6,331,361
47$10,221,564$3,819,588$2,791,588$6,800,657
48$11,206,682$3,949,266$2,827,624$7,312,905
49$12,290,471$4,083,488$2,863,057$7,872,351
50$13,482,939$4,222,418$2,897,810$8,483,669
51$14,795,113$4,366,230$2,931,800$9,152,006
52$16,239,140$4,515,102$2,964,941$9,883,030
53$17,828,409$4,669,218$2,997,143$10,682,984
54$19,577,669$4,828,772$3,028,309$11,558,743
55$21,503,172$4,993,963$3,058,339$12,517,879
56$23,622,827$5,164,998$3,087,124$13,568,730
57$25,956,366$5,342,094$3,114,554$14,720,483
58$28,525,532$5,525,474$3,140,509$15,983,256
59$31,354,285$5,715,370$3,164,864$17,368,192
60$34,469,023$5,912,024$3,187,488$18,887,570
61$37,898,837$6,115,688$3,208,243$20,554,911
62$41,675,783$6,326,621$3,226,983$22,385,115
63$45,835,182$6,545,094$3,243,556$24,394,593
64$50,415,957$6,771,390$3,257,801$26,601,424
65$55,460,996$7,005,800$3,269,549$29,025,528
66$61,017,562$7,248,628$3,278,624$31,688,848
67$67,137,733$7,500,191$3,284,837$34,615,560
68$73,878,897$7,760,816$3,287,995$37,832,301
69$81,304,294$8,030,845$3,287,892$41,368,416
70$89,483,608$8,310,632$3,284,312$45,256,237
71$98,493,629$8,600,547$3,277,030$49,531,390
72$108,418,978$8,900,972$3,265,809$54,233,122
73$119,352,901$9,212,306$3,250,401$59,404,681
74$131,398,152$9,534,965$3,230,545$65,093,715
75$144,667,963$9,869,378$3,205,968$71,352,727
76$159,287,112$10,215,994$3,176,384$78,239,565
77$175,393,099$10,575,280$3,141,495$85,817,970
78$193,137,446$10,947,719$3,100,986$94,158,177
79$212,687,126$11,333,817$3,054,529$103,337,574
80$234,226,137$11,734,098$3,001,780$113,441,435
81$257,957,242$12,149,108$2,942,378$124,563,721
82$284,103,881$12,579,415$2,875,948$136,807,969
83$312,912,279$13,025,609$2,802,095$150,288,265
84$344,653,774$13,488,306$2,720,407$165,130,323
85$379,627,370$13,968,144$2,630,453$181,472,667
86$418,162,569$14,465,791$2,531,780$199,467,940
87$460,622,475$14,981,938$2,423,918$219,284,345
88$507,407,221$15,517,307$2,306,373$241,107,228
89$558,957,751$16,072,648$2,178,630$265,140,827
90$615,759,977$16,648,744$2,040,150$291,610,203
91$678,349,370$17,246,407$1,890,370$320,763,357
92$747,316,009$17,866,485$1,728,701$352,873,574
93$823,310,159$18,509,859$1,554,529$388,241,999
94$907,048,400$19,177,447$1,367,211$427,200,480
95$999,320,402$19,870,207$1,166,078$470,114,700
96$1,100,996,369$20,589,134$950,428$517,387,624
97$1,213,035,262$21,335,264$719,530$569,463,305
98$1,336,493,845$22,109,679$472,621$626,831,070
99$1,472,536,667$22,913,503$208,903$690,030,145
100$1,622,447,051$23,747,908$0$759,654,735