Can I retire at age 30 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$171,764$170,234$168,742$167,285$165,862$165,094
2 years$85,032$83,448$81,913$80,425$78,982$78,206
3 years$56,125$54,534$53,003$51,529$50,109$49,351
4 years$41,674$40,089$38,573$37,124$35,738$35,002
5 years$33,006$31,430$29,934$28,515$27,168$26,456
6 years$27,229$25,665$24,191$22,803$21,497$20,811
7 years$23,104$21,553$20,103$18,748$17,483$16,823
8 years$20,012$18,475$17,049$15,727$14,504$13,870
9 years$17,609$16,086$14,684$13,396$12,214$11,607
10 years$15,687$14,179$12,802$11,548$10,407$9,825
11 years$14,115$12,623$11,271$10,050$8,950$8,394
12 years$12,807$11,329$10,003$8,815$7,756$7,225
13 years$11,700$10,239$8,937$7,782$6,764$6,257
14 years$10,753$9,307$8,030$6,908$5,929$5,446
15 years$9,932$8,502$7,250$6,161$5,220$4,760
16 years$9,215$7,800$6,573$5,517$4,614$4,176
17 years$8,583$7,184$5,981$4,957$4,091$3,675
18 years$8,022$6,638$5,460$4,467$3,637$3,243
19 years$7,520$6,152$4,998$4,036$3,242$2,868
20 years$7,069$5,717$4,587$3,656$2,896$2,542
21 years$6,662$5,325$4,219$3,318$2,591$2,257
22 years$6,292$4,971$3,889$3,016$2,323$2,007
23 years$5,955$4,649$3,591$2,747$2,085$1,787
24 years$5,646$4,356$3,321$2,506$1,874$1,593
25 years$5,363$4,088$3,076$2,288$1,686$1,421
26 years$5,101$3,842$2,852$2,092$1,519$1,269
27 years$4,860$3,616$2,649$1,915$1,370$1,135
28 years$4,636$3,407$2,462$1,755$1,236$1,015
29 years$4,428$3,214$2,291$1,609$1,116$909
30 years$4,234$3,035$2,134$1,477$1,008$814
31 years$4,053$2,869$1,990$1,356$912$729
32 years$3,884$2,715$1,857$1,246$825$654
33 years$3,725$2,571$1,733$1,146$746$586
34 years$3,576$2,437$1,620$1,055$676$526
35 years$3,436$2,311$1,514$971$612$472
36 years$3,304$2,194$1,417$894$554$424
37 years$3,179$2,084$1,326$824$503$381
38 years$3,061$1,980$1,242$759$456$342
39 years$2,949$1,883$1,163$700$413$307
40 years$2,844$1,791$1,090$646$375$276
41 years$2,743$1,705$1,022$596$340$248
42 years$2,648$1,624$959$550$309$223
43 years$2,558$1,547$900$508$280$200
44 years$2,471$1,475$845$469$254$180
45 years$2,389$1,407$793$433$231$162
46 years$2,311$1,342$745$400$209$146
47 years$2,236$1,280$700$369$190$131
48 years$2,165$1,222$658$341$173$118
49 years$2,096$1,167$618$315$157$106
50 years$2,031$1,115$581$292$143$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,080,000, adding $5,151 every year, while hoping to spend $31,712 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: 29/42/29 Blend
29$2,080,000$2,080,000$2,080,000$2,080,000
30$2,297,473$2,187,233$2,154,993$2,343,443
31$2,498,074$2,260,666$2,193,444$2,453,767
32$2,718,074$2,336,635$2,232,120$2,569,200
33$2,959,417$2,415,229$2,270,996$2,692,673
34$3,224,246$2,496,544$2,310,043$2,824,904
35$3,514,921$2,580,677$2,349,232$2,966,680
36$3,834,042$2,667,729$2,388,530$3,118,869
37$4,184,472$2,757,806$2,427,903$3,282,420
38$4,569,365$2,851,016$2,467,315$3,458,380
39$4,992,198$2,947,473$2,506,728$3,647,897
40$5,456,797$3,047,293$2,546,098$3,852,234
41$5,967,380$3,150,601$2,585,382$4,072,779
42$6,528,593$3,257,521$2,624,533$4,311,060
43$7,145,555$3,368,184$2,663,500$4,568,753
44$7,823,905$3,482,729$2,702,230$4,847,707
45$8,569,856$3,601,295$2,740,668$5,149,951
46$9,390,253$3,724,031$2,778,752$5,477,721
47$10,292,639$3,851,088$2,816,420$5,833,475
48$11,285,322$3,982,625$2,853,604$6,219,919
49$12,377,458$4,118,807$2,890,233$6,640,029
50$13,579,134$4,259,804$2,926,231$7,097,081
51$14,901,465$4,405,794$2,961,520$7,594,684
52$16,356,698$4,556,961$2,996,014$8,136,805
53$17,958,326$4,713,497$3,029,625$8,727,816
54$19,721,217$4,875,601$3,062,260$9,372,527
55$21,661,754$5,043,478$3,093,818$10,076,236
56$23,797,989$5,217,344$3,124,197$10,844,774
57$26,149,812$5,397,422$3,153,285$11,684,565
58$28,739,140$5,583,943$3,180,968$12,602,679
59$31,590,124$5,777,148$3,207,122$13,606,904
60$34,729,375$5,977,287$3,231,619$14,705,818
61$38,186,218$6,184,620$3,254,325$15,908,864
62$41,992,963$6,399,418$3,275,096$17,226,446
63$46,185,217$6,621,961$3,293,783$18,670,022
64$50,802,213$6,852,541$3,310,229$20,252,211
65$55,887,185$7,091,462$3,324,268$21,986,915
66$61,487,774$7,339,039$3,335,726$23,889,445
67$67,656,475$7,595,600$3,344,422$25,976,669
68$74,451,138$7,861,487$3,350,162$28,267,167
69$81,935,508$8,137,054$3,352,747$30,781,406
70$90,179,830$8,422,669$3,351,964$33,541,935
71$99,261,510$8,718,718$3,347,592$36,573,595
72$109,265,847$9,025,597$3,339,399$39,903,750
73$120,286,835$9,343,724$3,327,141$43,562,551
74$132,428,054$9,673,528$3,310,562$47,583,212
75$145,803,644$10,015,460$3,289,394$52,002,329
76$160,539,385$10,369,986$3,263,358$56,860,219
77$176,773,879$10,737,592$3,232,157$62,201,304
78$194,659,865$11,118,785$3,195,485$68,074,528
79$214,365,657$11,514,090$3,153,019$74,533,814
80$236,076,729$11,924,056$3,104,420$81,638,577
81$259,997,472$12,349,252$3,049,335$89,454,282
82$286,353,120$12,790,271$2,987,394$98,053,059
83$315,391,875$13,247,731$2,918,209$107,514,386
84$347,387,252$13,722,275$2,841,374$117,925,834
85$382,640,657$14,214,572$2,756,465$129,383,894
86$421,484,236$14,725,318$2,663,039$141,994,889
87$464,284,009$15,255,240$2,560,632$155,875,970
88$511,443,323$15,805,091$2,448,758$171,156,228
89$563,406,660$16,375,659$2,326,910$187,977,906
90$620,663,836$16,967,763$2,194,557$206,497,739
91$683,754,619$17,582,255$2,051,147$226,888,439
92$753,273,829$18,220,024$1,896,099$249,340,315
93$829,876,949$18,881,995$1,728,808$274,063,074
94$914,286,317$19,569,133$1,548,643$301,287,796
95$1,007,297,942$20,282,440$1,354,942$331,269,114
96$1,109,789,016$21,022,964$1,147,017$364,287,617
97$1,222,726,201$21,791,794$924,147$400,652,494
98$1,347,174,747$22,590,066$685,580$440,704,453
99$1,484,308,555$23,418,963$430,531$484,818,938
100$1,635,421,254$24,279,719$158,180$533,409,662