Can I retire at age 30 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$179,197$177,600$176,043$174,523$173,039$168,446
2 years$88,711$87,059$85,458$83,905$82,399$77,804
3 years$58,553$56,894$55,297$53,759$52,278$47,824
4 years$43,477$41,823$40,242$38,730$37,285$33,007
5 years$34,434$32,790$31,229$29,749$28,343$24,253
6 years$28,407$26,775$25,238$23,790$22,427$18,528
7 years$24,104$22,486$20,973$19,559$18,239$14,532
8 years$20,878$19,275$17,787$16,408$15,131$11,614
9 years$18,370$16,782$15,320$13,976$12,743$9,412
10 years$16,365$14,793$13,356$12,047$10,857$7,709
11 years$14,726$13,169$11,758$10,485$9,338$6,367
12 years$13,361$11,820$10,435$9,196$8,092$5,294
13 years$12,207$10,682$9,323$8,119$7,056$4,424
14 years$11,218$9,709$8,377$7,207$6,185$3,714
15 years$10,362$8,870$7,563$6,428$5,446$3,129
16 years$9,614$8,138$6,857$5,755$4,813$2,644
17 years$8,954$7,494$6,240$5,171$4,268$2,239
18 years$8,369$6,925$5,696$4,660$3,795$1,900
19 years$7,846$6,418$5,215$4,211$3,382$1,615
20 years$7,375$5,964$4,786$3,814$3,021$1,375
21 years$6,950$5,555$4,402$3,461$2,704$1,172
22 years$6,564$5,186$4,057$3,147$2,423$1,000
23 years$6,212$4,850$3,746$2,866$2,175$854
24 years$5,890$4,544$3,464$2,614$1,955$730
25 years$5,595$4,265$3,209$2,387$1,759$624
26 years$5,322$4,008$2,976$2,183$1,585$534
27 years$5,070$3,772$2,763$1,998$1,429$457
28 years$4,836$3,554$2,569$1,831$1,289$392
29 years$4,619$3,353$2,391$1,679$1,164$336
30 years$4,417$3,167$2,227$1,541$1,052$287
31 years$4,228$2,994$2,076$1,415$951$246
32 years$4,052$2,832$1,937$1,300$860$211
33 years$3,886$2,682$1,808$1,196$779$181
34 years$3,731$2,542$1,690$1,100$705$155
35 years$3,584$2,411$1,580$1,013$638$133
36 years$3,446$2,289$1,478$933$578$114
37 years$3,316$2,174$1,383$859$524$98
38 years$3,193$2,066$1,295$792$475$84
39 years$3,077$1,964$1,214$730$431$72
40 years$2,967$1,869$1,138$674$391$62
41 years$2,862$1,779$1,067$622$355$53
42 years$2,763$1,694$1,001$574$322$46
43 years$2,668$1,614$939$530$292$39
44 years$2,578$1,539$881$489$265$34
45 years$2,493$1,467$827$452$241$29
46 years$2,411$1,400$777$417$219$25
47 years$2,333$1,336$730$385$198$21
48 years$2,258$1,275$686$356$180$18
49 years$2,187$1,218$645$329$164$16
50 years$2,119$1,163$606$304$149$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,170,000, adding $5,338 every year, while hoping to spend $30,229 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: 45/44/11 Blend
29$2,170,000$2,170,000$2,170,000$2,170,000
30$2,396,846$2,281,836$2,248,201$2,496,995
31$2,609,161$2,361,483$2,291,352$2,646,630
32$2,842,119$2,444,019$2,334,936$2,805,276
33$3,097,793$2,529,554$2,378,935$2,976,621
34$3,378,469$2,618,203$2,423,330$3,161,848
35$3,686,661$2,710,083$2,468,100$3,362,257
36$4,025,142$2,805,319$2,513,222$3,579,278
37$4,396,965$2,904,038$2,558,674$3,814,481
38$4,805,493$3,006,373$2,604,427$4,069,593
39$5,254,433$3,112,465$2,650,455$4,346,512
40$5,747,866$3,222,456$2,696,726$4,647,326
41$6,290,289$3,336,498$2,743,208$4,974,330
42$6,886,659$3,454,747$2,789,865$5,330,051
43$7,542,433$3,577,364$2,836,660$5,717,266
44$8,263,626$3,704,520$2,883,553$6,139,031
45$9,056,864$3,836,390$2,930,501$6,598,709
46$9,929,449$3,973,157$2,977,457$7,100,000
47$10,889,424$4,115,013$3,024,373$7,646,975
48$11,945,652$4,262,156$3,071,197$8,244,116
49$13,107,900$4,414,793$3,117,873$8,896,353
50$14,386,925$4,573,137$3,164,342$9,609,117
51$15,794,585$4,737,415$3,210,541$10,388,381
52$17,343,943$4,907,858$3,256,404$11,240,725
53$19,049,392$5,084,710$3,301,860$12,173,391
54$20,926,792$5,268,223$3,346,834$13,194,351
55$22,993,619$5,458,660$3,391,248$14,312,386
56$25,269,130$5,656,296$3,435,016$15,537,160
57$27,774,543$5,861,417$3,478,051$16,879,319
58$30,533,239$6,074,319$3,520,259$18,350,583
59$33,570,982$6,295,312$3,561,539$19,963,861
60$36,916,159$6,524,720$3,601,789$21,733,367
61$40,600,055$6,762,879$3,640,896$23,674,759
62$44,657,139$7,010,138$3,678,744$25,805,277
63$49,125,395$7,266,863$3,715,210$28,143,914
64$54,046,680$7,533,434$3,750,165$30,711,586
65$59,467,118$7,810,248$3,783,471$33,531,334
66$65,437,531$8,097,718$3,814,985$36,628,536
67$72,013,927$8,396,274$3,844,554$40,031,147
68$79,258,021$8,706,364$3,872,020$43,769,962
69$87,237,820$9,028,458$3,897,214$47,878,901
70$96,028,267$9,363,041$3,919,960$52,395,334
71$105,711,943$9,710,624$3,940,072$57,360,427
72$116,379,852$10,071,734$3,957,355$62,819,531
73$128,132,273$10,446,926$3,971,603$68,822,607
74$141,079,715$10,836,775$3,982,601$75,424,698
75$155,343,951$11,241,882$3,990,123$82,686,442
76$171,059,173$11,662,874$3,993,932$90,674,649
77$188,373,258$12,100,403$3,993,777$99,462,923
78$207,449,159$12,555,152$3,989,398$109,132,359
79$228,466,450$13,027,831$3,980,520$119,772,304
80$251,623,015$13,519,183$3,966,854$131,481,198
81$277,136,920$14,029,979$3,948,100$144,367,504
82$305,248,465$14,561,028$3,923,942$158,550,724
83$336,222,461$15,113,170$3,894,046$174,162,527
84$370,350,722$15,687,286$3,858,067$191,347,992
85$407,954,823$16,284,290$3,815,639$210,266,968
86$449,389,135$16,905,140$3,766,383$231,095,588
87$495,044,168$17,550,834$3,709,899$254,027,921
88$545,350,262$18,222,413$3,645,768$279,277,805
89$600,781,641$18,920,964$3,573,555$307,080,862
90$661,860,900$19,647,623$3,492,800$337,696,718
91$729,163,928$20,403,572$3,403,025$371,411,449
92$803,325,351$21,190,050$3,303,729$408,540,281
93$885,044,521$22,008,346$3,194,388$449,430,557
94$975,092,115$22,859,809$3,074,453$494,465,019
95$1,074,317,416$23,745,844$2,943,352$544,065,408
96$1,183,656,322$24,667,921$2,800,484$598,696,448
97$1,304,140,191$25,627,573$2,645,225$658,870,226
98$1,436,905,569$26,626,402$2,476,918$725,151,021
99$1,583,204,923$27,666,081$2,294,880$798,160,625
100$1,744,418,462$28,748,356$2,098,396$878,584,211