Can I retire at age 30 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$175,068$173,508$171,987$170,502$169,052$165,774
2 years$86,667$85,053$83,489$81,972$80,501$77,212
3 years$57,204$55,583$54,023$52,520$51,073$47,875
4 years$42,476$40,859$39,315$37,838$36,426$33,344
5 years$33,641$32,034$30,510$29,063$27,690$24,733
6 years$27,753$26,158$24,656$23,242$21,910$19,081
7 years$23,549$21,968$20,490$19,109$17,819$15,119
8 years$20,397$18,830$17,377$16,030$14,783$12,210
9 years$17,947$16,395$14,967$13,654$12,449$10,003
10 years$15,988$14,452$13,048$11,770$10,607$8,285
11 years$14,387$12,865$11,488$10,243$9,123$6,922
12 years$13,053$11,547$10,195$8,985$7,905$5,823
13 years$11,925$10,435$9,108$7,932$6,894$4,926
14 years$10,960$9,486$8,184$7,041$6,043$4,186
15 years$10,123$8,665$7,389$6,280$5,321$3,571
16 years$9,392$7,950$6,699$5,623$4,702$3,056
17 years$8,748$7,322$6,096$5,052$4,170$2,622
18 years$8,176$6,766$5,565$4,553$3,707$2,255
19 years$7,665$6,270$5,094$4,114$3,304$1,943
20 years$7,205$5,827$4,675$3,726$2,952$1,677
21 years$6,790$5,427$4,300$3,381$2,641$1,449
22 years$6,413$5,066$3,964$3,075$2,368$1,254
23 years$6,069$4,738$3,660$2,800$2,125$1,086
24 years$5,755$4,440$3,385$2,554$1,910$941
25 years$5,466$4,166$3,135$2,332$1,719$817
26 years$5,199$3,916$2,907$2,132$1,548$709
27 years$4,953$3,685$2,700$1,952$1,396$616
28 years$4,725$3,472$2,510$1,788$1,260$535
29 years$4,513$3,276$2,336$1,640$1,137$465
30 years$4,315$3,094$2,175$1,505$1,028$405
31 years$4,131$2,925$2,028$1,382$929$352
32 years$3,958$2,767$1,892$1,270$840$306
33 years$3,797$2,621$1,767$1,168$761$267
34 years$3,645$2,484$1,651$1,075$689$232
35 years$3,502$2,356$1,543$989$624$202
36 years$3,367$2,236$1,444$911$565$176
37 years$3,240$2,124$1,351$840$512$153
38 years$3,120$2,018$1,266$774$464$134
39 years$3,006$1,919$1,186$714$421$116
40 years$2,898$1,826$1,111$658$382$101
41 years$2,796$1,738$1,042$607$347$88
42 years$2,699$1,655$977$560$314$77
43 years$2,607$1,577$917$517$285$67
44 years$2,519$1,503$861$478$259$58
45 years$2,435$1,434$808$441$235$51
46 years$2,355$1,368$759$407$214$44
47 years$2,279$1,305$713$376$194$39
48 years$2,206$1,246$670$348$176$34
49 years$2,137$1,190$630$321$160$29
50 years$2,070$1,137$592$297$145$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,120,000, adding $4,430 every year, while hoping to spend $45,549 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: 54/19/27 Blend
29$2,120,000$2,120,000$2,120,000$2,120,000
30$2,340,810$2,228,450$2,195,590$2,449,454
31$2,531,108$2,289,180$2,220,678$2,585,696
32$2,739,291$2,351,359$2,245,080$2,728,896
33$2,967,134$2,415,011$2,268,725$2,883,881
34$3,216,592$2,480,157$2,291,538$3,051,798
35$3,489,819$2,546,820$2,313,440$3,233,911
36$3,789,188$2,615,021$2,334,347$3,431,613
37$4,117,309$2,684,781$2,354,172$3,646,439
38$4,477,060$2,756,121$2,372,822$3,880,077
39$4,871,609$2,829,059$2,390,200$4,134,391
40$5,304,445$2,903,615$2,406,204$4,411,433
41$5,779,412$2,979,806$2,420,726$4,713,462
42$6,300,745$3,057,649$2,433,653$5,042,972
43$6,873,106$3,137,159$2,444,865$5,402,706
44$7,501,633$3,218,350$2,454,238$5,795,690
45$8,191,984$3,301,234$2,461,640$6,225,258
46$8,950,396$3,385,823$2,466,934$6,695,082
47$9,783,734$3,472,127$2,469,974$7,209,213
48$10,699,565$3,560,151$2,470,608$7,772,111
49$11,706,224$3,649,902$2,468,678$8,388,694
50$12,812,895$3,741,384$2,464,014$9,064,379
51$14,029,695$3,834,595$2,456,443$9,805,140
52$15,367,769$3,929,536$2,445,779$10,617,556
53$16,839,398$4,026,200$2,431,830$11,508,882
54$18,458,114$4,124,581$2,414,393$12,487,112
55$20,238,823$4,224,667$2,393,257$13,561,055
56$22,197,951$4,326,444$2,368,199$14,740,422
57$24,353,595$4,429,893$2,338,987$16,035,913
58$26,725,696$4,534,991$2,305,377$17,459,322
59$29,336,224$4,641,713$2,267,114$19,023,648
60$32,209,387$4,750,026$2,223,931$20,743,215
61$35,371,861$4,859,893$2,175,549$22,633,812
62$38,853,037$4,971,273$2,121,675$24,712,841
63$42,685,299$5,084,118$2,062,004$26,999,477
64$46,904,334$5,198,374$1,996,215$29,514,857
65$51,549,461$5,313,981$1,923,974$32,282,274
66$56,664,010$5,430,869$1,844,931$35,327,402
67$62,295,723$5,548,966$1,758,720$38,678,535
68$68,497,208$5,668,186$1,664,959$42,366,855
69$75,326,435$5,788,439$1,563,246$46,426,730
70$82,847,282$5,909,623$1,453,166$50,896,036
71$91,130,139$6,031,629$1,334,281$55,816,516
72$100,252,568$6,154,334$1,206,135$61,234,177
73$110,300,041$6,277,607$1,068,251$67,199,721
74$121,366,740$6,401,305$920,132$73,769,027
75$133,556,449$6,525,270$761,258$81,003,679
76$146,983,533$6,649,334$591,086$88,971,549
77$161,774,016$6,773,314$409,050$97,747,436
78$178,066,770$6,897,011$214,558$107,413,777
79$196,014,827$7,020,211$6,992$118,061,423
80$215,786,821$7,142,683$0$129,790,500
81$237,568,580$7,264,179$0$142,773,153
82$261,564,882$7,384,429$0$157,075,359
83$288,001,381$7,503,148$0$172,829,327
84$317,126,746$7,620,026$0$190,182,969
85$349,214,998$7,734,732$0$209,299,284
86$384,568,104$7,846,909$0$230,357,893
87$423,518,821$7,956,179$0$253,556,736
88$466,433,842$8,062,133$0$279,113,942
89$513,717,253$8,164,336$0$307,269,885
90$565,814,346$8,262,322$0$338,289,457
91$623,215,828$8,355,595$0$372,464,565
92$686,462,447$8,443,623$0$410,116,889
93$756,150,096$8,525,840$0$451,600,921
94$832,935,443$8,601,644$0$497,307,306
95$917,542,124$8,670,390$0$547,666,537
96$1,010,767,575$8,731,393$0$603,153,012
97$1,113,490,560$8,783,924$0$664,289,520
98$1,226,679,468$8,827,207$0$731,652,171
99$1,351,401,450$8,860,417$0$805,875,840
100$1,488,832,496$8,882,675$0$887,660,156