Can I retire at age 30 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$180,022$178,419$176,854$175,327$173,836$172,380
2 years$89,120$87,460$85,852$84,292$82,779$81,311
3 years$58,823$57,156$55,552$54,007$52,519$51,085
4 years$43,678$42,016$40,427$38,909$37,457$36,068
5 years$34,593$32,941$31,373$29,886$28,474$27,134
6 years$28,538$26,899$25,354$23,900$22,530$21,242
7 years$24,215$22,590$21,070$19,649$18,323$17,086
8 years$20,974$19,363$17,869$16,483$15,201$14,015
9 years$18,455$16,859$15,390$14,040$12,801$11,666
10 years$16,441$14,861$13,418$12,103$10,907$9,823
11 years$14,794$13,230$11,813$10,533$9,381$8,346
12 years$13,422$11,874$10,483$9,239$8,129$7,143
13 years$12,263$10,731$9,366$8,157$7,089$6,150
14 years$11,270$9,754$8,416$7,240$6,214$5,322
15 years$10,410$8,910$7,598$6,457$5,471$4,624
16 years$9,658$8,175$6,889$5,782$4,836$4,032
17 years$8,996$7,529$6,269$5,195$4,288$3,526
18 years$8,407$6,957$5,722$4,682$3,812$3,092
19 years$7,882$6,448$5,239$4,230$3,398$2,717
20 years$7,409$5,992$4,808$3,831$3,035$2,392
21 years$6,982$5,581$4,422$3,477$2,716$2,110
22 years$6,594$5,210$4,076$3,162$2,435$1,864
23 years$6,241$4,872$3,763$2,879$2,185$1,648
24 years$5,918$4,565$3,480$2,626$1,964$1,459
25 years$5,620$4,284$3,223$2,398$1,768$1,293
26 years$5,347$4,026$2,990$2,193$1,592$1,147
27 years$5,093$3,789$2,776$2,007$1,435$1,018
28 years$4,859$3,571$2,581$1,839$1,295$904
29 years$4,641$3,369$2,402$1,686$1,170$803
30 years$4,438$3,181$2,237$1,548$1,057$714
31 years$4,248$3,007$2,086$1,421$955$635
32 years$4,070$2,846$1,946$1,306$864$565
33 years$3,904$2,695$1,817$1,201$782$503
34 years$3,748$2,554$1,698$1,105$708$448
35 years$3,601$2,422$1,587$1,017$641$399
36 years$3,462$2,299$1,485$937$581$356
37 years$3,332$2,184$1,390$863$527$317
38 years$3,208$2,075$1,301$796$478$283
39 years$3,091$1,973$1,219$734$433$252
40 years$2,980$1,878$1,143$677$393$225
41 years$2,875$1,787$1,072$624$356$200
42 years$2,775$1,702$1,005$576$323$179
43 years$2,681$1,622$943$532$293$159
44 years$2,590$1,546$885$491$266$142
45 years$2,504$1,474$831$454$242$127
46 years$2,422$1,406$781$419$220$113
47 years$2,344$1,342$734$387$199$101
48 years$2,269$1,281$689$358$181$90
49 years$2,197$1,223$648$331$164$80
50 years$2,128$1,169$609$306$149$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,180,000, adding $6,421 every year, while hoping to spend $51,568 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: 56/21/23 Blend
29$2,180,000$2,180,000$2,180,000$2,180,000
30$2,408,983$2,293,443$2,259,653$2,528,488
31$2,599,832$2,350,954$2,280,484$2,668,504
32$2,808,418$2,409,554$2,300,284$2,814,972
33$3,036,498$2,469,244$2,318,964$2,973,448
34$3,286,002$2,530,018$2,336,431$3,145,100
35$3,559,060$2,591,875$2,352,587$3,331,218
36$3,858,012$2,654,805$2,367,327$3,533,222
37$4,185,440$2,718,801$2,380,543$3,752,675
38$4,544,183$2,783,850$2,392,119$3,991,300
39$4,937,371$2,849,940$2,401,936$4,250,998
40$5,368,449$2,917,053$2,409,867$4,533,861
41$5,841,212$2,985,170$2,415,779$4,842,194
42$6,359,840$3,054,267$2,419,532$5,178,541
43$6,928,937$3,124,320$2,420,979$5,545,700
44$7,553,574$3,195,297$2,419,968$5,946,760
45$8,239,337$3,267,166$2,416,336$6,385,121
46$8,992,381$3,339,888$2,409,914$6,864,533
47$9,819,483$3,413,421$2,400,525$7,389,128
48$10,728,110$3,487,719$2,387,983$7,963,459
49$11,726,489$3,562,729$2,372,092$8,592,545
50$12,823,682$3,638,394$2,352,649$9,281,918
51$14,029,673$3,714,651$2,329,438$10,037,675
52$15,355,462$3,791,431$2,302,236$10,866,535
53$16,813,166$3,868,658$2,270,808$11,775,904
54$18,416,137$3,946,250$2,234,908$12,773,945
55$20,179,083$4,024,117$2,194,278$13,869,655
56$22,118,212$4,102,161$2,148,648$15,072,949
57$24,251,379$4,180,276$2,097,737$16,394,758
58$26,598,258$4,258,348$2,041,250$17,847,125
59$29,180,526$4,336,252$1,978,877$19,443,329
60$32,022,066$4,413,855$1,910,296$21,198,003
61$35,149,194$4,491,012$1,835,169$23,127,275
62$38,590,908$4,567,567$1,753,143$25,248,921
63$42,379,156$4,643,353$1,663,848$27,582,533
64$46,549,142$4,718,190$1,566,900$30,149,706
65$51,139,658$4,791,884$1,461,894$32,974,240
66$56,193,444$4,864,228$1,348,409$36,082,366
67$61,757,600$4,935,000$1,226,005$39,502,996
68$67,884,021$5,003,960$1,094,222$43,267,995
69$74,629,892$5,070,855$952,579$47,412,483
70$82,058,225$5,135,411$800,575$51,975,167
71$90,238,455$5,197,338$637,685$56,998,708
72$99,247,092$5,256,322$463,362$62,530,123
73$109,168,447$5,312,033$277,036$68,621,234
74$120,095,421$5,364,115$78,110$75,329,154
75$132,130,388$5,412,191$0$82,716,827
76$145,386,157$5,455,858$0$90,886,557
77$159,987,036$5,494,686$0$99,904,471
78$176,070,007$5,528,218$0$109,835,810
79$193,786,015$5,555,969$0$120,773,619
80$213,301,398$5,577,421$0$132,820,433
81$234,799,451$5,592,024$0$146,089,244
82$258,482,155$5,599,194$0$160,704,569
83$284,572,091$5,598,310$0$176,803,628
84$313,314,529$5,588,713$0$194,537,638
85$344,979,753$5,569,702$0$214,073,239
86$379,865,604$5,540,534$0$235,594,070
87$418,300,297$5,500,421$0$259,302,504
88$460,645,514$5,448,528$0$285,421,557
89$507,299,817$5,383,967$0$314,196,992
90$558,702,416$5,305,799$0$345,899,647
91$615,337,308$5,213,028$0$380,827,983
92$677,737,847$5,104,601$0$419,310,912
93$746,491,780$4,979,398$0$461,710,894
94$822,246,790$4,836,237$0$508,427,367
95$905,716,616$4,673,867$0$559,900,515
96$997,687,786$4,490,960$0$616,615,425
97$1,099,027,039$4,286,116$0$679,106,670
98$1,210,689,511$4,057,850$0$747,963,354
99$1,333,727,749$3,804,593$0$823,834,677
100$1,469,301,647$3,524,686$0$907,436,064