Can I retire at age 30 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$178,371$176,782$175,232$173,719$172,241$166,661
2 years$88,302$86,658$85,064$83,519$82,020$76,450
3 years$58,283$56,632$55,042$53,511$52,037$46,652
4 years$43,277$41,630$40,057$38,552$37,113$31,955
5 years$34,275$32,639$31,085$29,611$28,213$23,296
6 years$28,276$26,652$25,122$23,681$22,324$17,651
7 years$23,993$22,382$20,876$19,469$18,155$13,727
8 years$20,782$19,186$17,705$16,332$15,061$10,874
9 years$18,286$16,705$15,249$13,911$12,684$8,732
10 years$16,290$14,724$13,294$11,992$10,807$7,086
11 years$14,658$13,108$11,704$10,436$9,295$5,796
12 years$13,299$11,765$10,387$9,154$8,055$4,771
13 years$12,150$10,632$9,280$8,082$7,024$3,948
14 years$11,166$9,664$8,338$7,174$6,157$3,280
15 years$10,314$8,829$7,528$6,398$5,421$2,734
16 years$9,570$8,100$6,826$5,729$4,791$2,285
17 years$8,913$7,460$6,211$5,147$4,248$1,914
18 years$8,330$6,893$5,670$4,639$3,777$1,607
19 years$7,809$6,389$5,191$4,191$3,367$1,350
20 years$7,341$5,937$4,764$3,796$3,007$1,137
21 years$6,918$5,530$4,382$3,445$2,691$958
22 years$6,534$5,162$4,038$3,133$2,412$808
23 years$6,184$4,828$3,729$2,853$2,165$682
24 years$5,863$4,523$3,448$2,602$1,946$576
25 years$5,569$4,245$3,194$2,376$1,751$486
26 years$5,297$3,990$2,962$2,173$1,578$411
27 years$5,047$3,755$2,751$1,989$1,422$348
28 years$4,814$3,538$2,557$1,822$1,283$294
29 years$4,598$3,338$2,380$1,671$1,159$249
30 years$4,397$3,152$2,216$1,533$1,047$211
31 years$4,209$2,980$2,066$1,408$947$178
32 years$4,033$2,819$1,928$1,294$856$151
33 years$3,868$2,670$1,800$1,190$775$128
34 years$3,713$2,531$1,682$1,095$702$108
35 years$3,568$2,400$1,573$1,008$636$92
36 years$3,431$2,278$1,471$928$576$78
37 years$3,301$2,164$1,377$855$522$66
38 years$3,179$2,056$1,289$788$473$56
39 years$3,063$1,955$1,208$727$429$47
40 years$2,953$1,860$1,132$671$389$40
41 years$2,849$1,771$1,062$619$353$34
42 years$2,750$1,687$996$571$320$29
43 years$2,656$1,607$935$527$291$24
44 years$2,566$1,532$877$487$264$21
45 years$2,481$1,461$824$449$240$17
46 years$2,400$1,393$774$415$218$15
47 years$2,322$1,330$727$384$198$13
48 years$2,248$1,269$683$354$179$11
49 years$2,177$1,212$642$328$163$9
50 years$2,109$1,158$604$303$148$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,160,000, adding $4,542 every year, while hoping to spend $47,431 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: 79/13/8 Blend
29$2,160,000$2,160,000$2,160,000$2,160,000
30$2,385,005$2,270,525$2,237,045$2,570,508
31$2,577,809$2,331,315$2,261,520$2,753,616
32$2,788,690$2,393,493$2,285,225$2,947,787
33$3,019,441$2,457,079$2,308,084$3,159,382
34$3,272,037$2,522,088$2,330,018$3,390,117
35$3,548,653$2,588,539$2,350,942$3,641,882
36$3,851,684$2,656,446$2,370,767$3,916,755
37$4,183,768$2,725,824$2,389,400$4,217,029
38$4,547,809$2,796,687$2,406,742$4,545,226
39$4,947,008$2,869,047$2,422,690$4,904,124
40$5,384,888$2,942,915$2,437,135$5,296,783
41$5,865,330$3,018,301$2,449,963$5,726,576
42$6,392,609$3,095,214$2,461,052$6,197,214
43$6,971,435$3,173,659$2,470,277$6,712,789
44$7,606,995$3,253,641$2,477,505$7,277,806
45$8,305,003$3,335,164$2,482,595$7,897,229
46$9,071,753$3,418,227$2,485,403$8,576,526
47$9,914,181$3,502,829$2,485,772$9,321,721
48$10,839,925$3,588,965$2,483,543$10,139,452
49$11,857,402$3,676,629$2,478,546$11,037,030
50$12,975,883$3,765,810$2,470,604$12,022,511
51$14,205,583$3,856,495$2,459,530$13,104,772
52$15,557,757$3,948,668$2,445,129$14,293,591
53$17,044,804$4,042,309$2,427,196$15,599,745
54$18,680,385$4,137,392$2,405,518$17,035,105
55$20,479,550$4,233,891$2,379,869$18,612,752
56$22,458,884$4,331,771$2,350,014$20,347,100
57$24,636,659$4,430,996$2,315,708$22,254,031
58$27,033,006$4,531,523$2,276,692$24,351,045
59$29,670,107$4,633,302$2,232,696$26,657,424
60$32,572,405$4,736,281$2,183,438$29,194,416
61$35,766,829$4,840,398$2,128,622$31,985,435
62$39,283,054$4,945,585$2,067,939$35,056,278
63$43,153,776$5,051,770$2,001,066$38,435,375
64$47,415,023$5,158,868$1,927,663$42,154,052
65$52,106,493$5,266,790$1,847,378$46,246,828
66$57,271,930$5,375,438$1,759,840$50,751,742
67$62,959,535$5,484,702$1,664,662$55,710,710
68$69,222,420$5,594,465$1,561,441$61,169,922
69$76,119,112$5,704,599$1,449,754$67,180,277
70$83,714,100$5,814,963$1,329,159$73,797,864
71$92,078,448$5,925,406$1,199,197$81,084,492
72$101,290,464$6,035,765$1,059,383$89,108,271
73$111,436,435$6,145,862$909,217$97,944,257
74$122,611,447$6,255,505$748,172$107,675,161
75$134,920,279$6,364,489$575,699$118,392,126
76$148,478,389$6,472,590$391,226$130,195,592
77$163,413,007$6,579,570$194,155$143,196,243
78$179,864,336$6,685,171$0$157,516,048
79$197,986,872$6,789,117$0$173,290,797
80$217,950,861$6,891,113$0$190,685,005
81$239,943,912$6,990,840$0$209,845,365
82$264,172,759$7,087,959$0$230,951,811
83$290,865,217$7,182,106$0$254,202,624
84$320,272,331$7,272,891$0$279,816,305
85$352,670,745$7,359,899$0$308,033,639
86$388,365,312$7,442,685$0$339,119,963
87$427,691,973$7,520,776$0$373,367,678
88$471,020,925$7,593,665$0$411,099,000
89$518,760,118$7,660,813$0$452,669,008
90$571,359,103$7,721,646$0$498,468,995
91$629,313,277$7,775,551$0$548,930,159
92$693,168,555$7,821,878$0$604,527,677
93$763,526,530$7,859,932$0$665,785,185
94$841,050,144$7,888,977$0$733,279,729
95$926,469,950$7,908,228$0$807,647,207
96$1,020,591,006$7,916,851$0$889,588,372
97$1,124,300,474$7,913,963$0$979,875,450
98$1,238,575,998$7,898,623$0$1,079,359,429
99$1,364,494,927$7,869,832$0$1,188,978,092
100$1,503,244,488$7,826,533$0$1,309,764,871