Can I retire at age 30 with 2,020,000?

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 $2,020,000?

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$166,810$165,324$163,874$162,459$161,078$155,859
2 years$82,579$81,041$79,551$78,105$76,704$71,495
3 years$54,506$52,961$51,474$50,043$48,664$43,629
4 years$40,472$38,932$37,460$36,053$34,708$29,884
5 years$32,054$30,523$29,071$27,692$26,384$21,786
6 years$26,444$24,925$23,493$22,146$20,877$16,507
7 years$22,438$20,932$19,523$18,207$16,978$12,837
8 years$19,435$17,942$16,557$15,274$14,085$10,169
9 years$17,101$15,622$14,261$13,010$11,862$8,166
10 years$15,234$13,770$12,433$11,214$10,107$6,626
11 years$13,708$12,259$10,946$9,760$8,692$5,420
12 years$12,437$11,003$9,714$8,561$7,533$4,462
13 years$11,363$9,943$8,679$7,558$6,569$3,692
14 years$10,443$9,038$7,798$6,709$5,758$3,067
15 years$9,646$8,256$7,040$5,983$5,070$2,557
16 years$8,949$7,575$6,383$5,357$4,481$2,137
17 years$8,335$6,976$5,808$4,814$3,973$1,790
18 years$7,790$6,447$5,302$4,338$3,532$1,502
19 years$7,303$5,975$4,854$3,920$3,149$1,263
20 years$6,865$5,552$4,455$3,550$2,812$1,063
21 years$6,470$5,171$4,098$3,222$2,517$896
22 years$6,110$4,827$3,777$2,929$2,256$755
23 years$5,783$4,515$3,487$2,668$2,025$637
24 years$5,483$4,230$3,225$2,433$1,820$538
25 years$5,208$3,970$2,987$2,222$1,638$455
26 years$4,954$3,731$2,770$2,032$1,475$385
27 years$4,720$3,511$2,572$1,860$1,330$325
28 years$4,502$3,309$2,391$1,704$1,200$275
29 years$4,300$3,121$2,225$1,563$1,084$233
30 years$4,112$2,948$2,073$1,434$979$197
31 years$3,936$2,787$1,932$1,317$885$167
32 years$3,772$2,637$1,803$1,210$801$141
33 years$3,618$2,497$1,683$1,113$725$120
34 years$3,473$2,367$1,573$1,024$656$101
35 years$3,337$2,245$1,471$943$594$86
36 years$3,208$2,131$1,376$868$538$73
37 years$3,087$2,023$1,288$800$488$62
38 years$2,973$1,923$1,206$737$442$52
39 years$2,864$1,829$1,130$680$401$44
40 years$2,762$1,740$1,059$627$364$37
41 years$2,664$1,656$993$579$330$32
42 years$2,572$1,577$931$534$300$27
43 years$2,484$1,503$874$493$272$23
44 years$2,400$1,432$820$455$247$19
45 years$2,320$1,366$770$420$224$16
46 years$2,244$1,303$723$388$203$14
47 years$2,172$1,244$680$359$185$12
48 years$2,102$1,187$639$331$168$10
49 years$2,036$1,134$600$306$152$8
50 years$1,972$1,083$564$283$138$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,020,000, adding $5,454 every year, while hoping to spend $45,181 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: 65/20/15 Blend
29$2,020,000$2,020,000$2,020,000$2,020,000
30$2,231,666$2,124,606$2,093,296$2,368,341
31$2,411,223$2,180,639$2,115,349$2,516,489
32$2,607,582$2,237,904$2,136,627$2,672,576
33$2,822,407$2,296,413$2,157,055$2,842,024
34$3,057,532$2,356,177$2,176,557$3,026,137
35$3,314,979$2,417,209$2,195,050$3,226,352
36$3,596,971$2,479,516$2,212,448$3,444,252
37$3,905,958$2,543,108$2,228,661$3,681,577
38$4,244,638$2,607,992$2,243,593$3,940,249
39$4,615,981$2,674,174$2,257,144$4,222,381
40$5,023,261$2,741,659$2,269,208$4,530,301
41$5,470,081$2,810,448$2,279,674$4,866,576
42$5,960,413$2,880,543$2,288,426$5,234,030
43$6,498,628$2,951,942$2,295,342$5,635,778
44$7,089,544$3,024,643$2,300,292$6,075,250
45$7,738,467$3,098,641$2,303,141$6,556,224
46$8,451,243$3,173,926$2,303,749$7,082,864
47$9,234,311$3,250,490$2,301,965$7,659,757
48$10,094,764$3,328,317$2,297,635$8,291,959
49$11,040,418$3,407,393$2,290,594$8,985,038
50$12,079,883$3,487,697$2,280,670$9,745,130
51$13,222,643$3,569,206$2,267,685$10,578,998
52$14,479,149$3,651,894$2,251,449$11,494,093
53$15,860,914$3,735,729$2,231,764$12,498,624
54$17,380,623$3,820,675$2,208,424$13,601,638
55$19,052,253$3,906,694$2,181,212$14,813,105
56$20,891,201$3,993,740$2,149,901$16,144,010
57$22,914,433$4,081,764$2,114,253$17,606,459
58$25,140,644$4,170,709$2,074,019$19,213,792
59$27,590,429$4,260,513$2,028,938$20,980,710
60$30,286,485$4,351,110$1,978,739$22,923,412
61$33,253,815$4,442,423$1,923,136$25,059,751
62$36,519,974$4,534,372$1,861,831$27,409,399
63$40,115,320$4,626,865$1,794,511$29,994,035
64$44,073,307$4,719,805$1,720,851$32,837,552
65$48,430,794$4,813,085$1,640,509$35,966,277
66$53,228,398$4,906,590$1,553,129$39,409,225
67$58,510,874$5,000,192$1,458,339$43,198,369
68$64,327,538$5,093,756$1,355,748$47,368,946
69$70,732,731$5,187,134$1,244,950$51,959,787
70$77,786,333$5,280,167$1,125,519$57,013,685
71$85,554,326$5,372,683$997,011$62,577,798
72$94,109,419$5,464,496$858,963$68,704,098
73$103,531,731$5,555,408$710,889$75,449,856
74$113,909,548$5,645,203$552,285$82,878,190
75$125,340,157$5,733,653$382,620$91,058,655
76$137,930,760$5,820,509$201,345$100,067,905
77$151,799,490$5,905,507$7,883$109,990,414
78$167,076,525$5,988,363$0$120,919,275
79$183,905,312$6,068,774$0$132,988,862
80$202,443,925$6,146,416$0$146,283,864
81$222,866,555$6,220,940$0$160,927,717
82$245,365,154$6,291,976$0$177,057,840
83$270,151,246$6,359,129$0$194,825,662
84$297,457,923$6,421,976$0$214,398,058
85$327,542,045$6,480,067$0$235,958,923
86$360,686,665$6,532,922$0$259,710,906
87$397,203,700$6,580,030$0$285,877,325
88$437,436,872$6,620,846$0$314,704,274
89$481,764,957$6,654,792$0$346,462,948
90$530,605,357$6,681,251$0$381,452,201
91$584,418,040$6,699,568$0$420,001,371
92$643,709,880$6,709,048$0$462,473,386
93$709,039,447$6,708,950$0$509,268,192
94$781,022,270$6,698,488$0$560,826,528
95$860,336,657$6,676,829$0$617,634,089
96$947,730,090$6,643,087$0$680,226,112
97$1,044,026,284$6,596,324$0$749,192,425
98$1,150,132,963$6,535,542$0$825,183,021
99$1,267,050,428$6,459,686$0$908,914,192
100$1,395,880,997$6,367,637$0$1,001,175,295