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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$166,810$165,324$163,874$162,459$161,078$156,297
2 years$82,579$81,041$79,551$78,105$76,704$71,927
3 years$54,506$52,961$51,474$50,043$48,664$44,041
4 years$40,472$38,932$37,460$36,053$34,708$30,273
5 years$32,054$30,523$29,071$27,692$26,384$22,151
6 years$26,444$24,925$23,493$22,146$20,877$16,848
7 years$22,438$20,932$19,523$18,207$16,978$13,154
8 years$19,435$17,942$16,557$15,274$14,085$10,464
9 years$17,101$15,622$14,261$13,010$11,862$8,439
10 years$15,234$13,770$12,433$11,214$10,107$6,878
11 years$13,708$12,259$10,946$9,760$8,692$5,651
12 years$12,437$11,003$9,714$8,561$7,533$4,674
13 years$11,363$9,943$8,679$7,558$6,569$3,885
14 years$10,443$9,038$7,798$6,709$5,758$3,244
15 years$9,646$8,256$7,040$5,983$5,070$2,717
16 years$8,949$7,575$6,383$5,357$4,481$2,283
17 years$8,335$6,976$5,808$4,814$3,973$1,922
18 years$7,790$6,447$5,302$4,338$3,532$1,622
19 years$7,303$5,975$4,854$3,920$3,149$1,370
20 years$6,865$5,552$4,455$3,550$2,812$1,160
21 years$6,470$5,171$4,098$3,222$2,517$982
22 years$6,110$4,827$3,777$2,929$2,256$833
23 years$5,783$4,515$3,487$2,668$2,025$707
24 years$5,483$4,230$3,225$2,433$1,820$600
25 years$5,208$3,970$2,987$2,222$1,638$510
26 years$4,954$3,731$2,770$2,032$1,475$434
27 years$4,720$3,511$2,572$1,860$1,330$369
28 years$4,502$3,309$2,391$1,704$1,200$314
29 years$4,300$3,121$2,225$1,563$1,084$267
30 years$4,112$2,948$2,073$1,434$979$227
31 years$3,936$2,787$1,932$1,317$885$194
32 years$3,772$2,637$1,803$1,210$801$165
33 years$3,618$2,497$1,683$1,113$725$140
34 years$3,473$2,367$1,573$1,024$656$120
35 years$3,337$2,245$1,471$943$594$102
36 years$3,208$2,131$1,376$868$538$87
37 years$3,087$2,023$1,288$800$488$74
38 years$2,973$1,923$1,206$737$442$63
39 years$2,864$1,829$1,130$680$401$54
40 years$2,762$1,740$1,059$627$364$46
41 years$2,664$1,656$993$579$330$39
42 years$2,572$1,577$931$534$300$33
43 years$2,484$1,503$874$493$272$28
44 years$2,400$1,432$820$455$247$24
45 years$2,320$1,366$770$420$224$21
46 years$2,244$1,303$723$388$203$18
47 years$2,172$1,244$680$359$185$15
48 years$2,102$1,187$639$331$168$13
49 years$2,036$1,134$600$306$152$11
50 years$1,972$1,083$564$283$138$9

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 $2,337 every year, while hoping to spend $31,257 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: 69/8/23 Blend
29$2,020,000$2,020,000$2,020,000$2,020,000
30$2,228,451$2,121,391$2,090,081$2,369,121
31$2,422,495$2,192,082$2,126,841$2,534,265
32$2,635,285$2,265,189$2,163,785$2,711,069
33$2,868,699$2,340,798$2,200,887$2,903,804
34$3,124,806$2,418,997$2,238,117$3,114,047
35$3,405,886$2,499,878$2,275,444$3,343,529
36$3,714,451$2,583,536$2,312,835$3,594,162
37$4,053,266$2,670,070$2,350,256$3,868,047
38$4,425,378$2,759,583$2,387,669$4,167,503
39$4,834,144$2,852,179$2,425,033$4,495,079
40$5,283,262$2,947,971$2,462,307$4,853,588
41$5,776,804$3,047,072$2,499,444$5,246,126
42$6,319,260$3,149,600$2,536,396$5,676,103
43$6,915,572$3,255,678$2,573,114$6,147,278
44$7,571,188$3,365,434$2,609,541$6,663,790
45$8,292,110$3,479,000$2,645,621$7,230,199
46$9,084,948$3,596,514$2,681,292$7,851,531
47$9,956,987$3,718,118$2,716,490$8,533,321
48$10,916,254$3,843,960$2,751,146$9,281,668
49$11,971,591$3,974,193$2,785,189$10,103,292
50$13,132,741$4,108,977$2,818,541$11,005,597
51$14,410,441$4,248,477$2,851,122$11,996,740
52$15,816,518$4,392,864$2,882,846$13,085,711
53$17,364,005$4,542,317$2,913,624$14,282,412
54$19,067,264$4,697,020$2,943,361$15,597,757
55$20,942,117$4,857,166$2,971,955$17,043,770
56$23,005,999$5,022,954$2,999,303$18,633,699
57$25,278,123$5,194,591$3,025,291$20,382,145
58$27,779,658$5,372,292$3,049,804$22,305,193
59$30,533,928$5,556,280$3,072,718$24,420,571
60$33,566,638$5,746,786$3,093,903$26,747,811
61$36,906,109$5,944,052$3,113,223$29,308,436
62$40,583,549$6,148,329$3,130,533$32,126,163
63$44,633,349$6,359,874$3,145,684$35,227,129
64$49,093,402$6,578,959$3,158,515$38,640,131
65$54,005,465$6,805,864$3,168,862$42,396,906
66$59,415,551$7,040,881$3,176,547$46,532,424
67$65,374,364$7,284,311$3,181,389$51,085,220
68$71,937,777$7,536,469$3,183,193$56,097,760
69$79,167,357$7,797,684$3,181,757$61,616,839
70$87,130,950$8,068,293$3,176,868$67,694,022
71$95,903,319$8,348,651$3,168,305$74,386,136
72$105,566,846$8,639,124$3,155,832$81,755,798
73$116,212,318$8,940,094$3,139,206$89,872,013
74$127,939,773$9,251,957$3,118,168$98,810,822
75$140,859,454$9,575,127$3,092,450$108,656,022
76$155,092,841$9,910,031$3,061,771$119,499,954
77$170,773,804$10,257,116$3,025,833$131,444,376
78$188,049,863$10,616,845$2,984,329$144,601,426
79$207,083,579$10,989,701$2,936,934$159,094,676
80$228,054,092$11,376,184$2,883,309$175,060,302
81$251,158,808$11,776,817$2,823,100$192,648,369
82$276,615,267$12,192,141$2,755,934$212,024,244
83$304,663,190$12,622,721$2,681,423$233,370,164
84$335,566,746$13,069,145$2,599,161$256,886,950
85$369,617,043$13,532,022$2,508,722$282,795,907
86$407,134,879$14,011,989$2,409,662$311,340,910
87$448,473,767$14,509,707$2,301,516$342,790,708
88$494,023,272$15,025,863$2,183,798$377,441,462
89$544,212,689$15,561,174$2,055,999$415,619,539
90$599,515,098$16,116,386$1,917,589$457,684,596
91$660,451,822$16,692,273$1,768,012$504,032,971
92$727,597,357$17,289,643$1,606,689$555,101,429
93$801,584,789$17,909,337$1,433,015$611,371,284
94$883,111,773$18,552,230$1,246,357$673,372,942
95$972,947,117$19,219,233$1,046,053$741,690,909
96$1,071,938,042$19,911,295$831,415$816,969,311
97$1,181,018,176$20,629,402$601,721$899,917,972
98$1,301,216,371$21,374,584$356,220$991,319,120
99$1,433,666,414$22,147,911$94,126$1,092,034,766
100$1,579,617,729$22,950,500$0$1,203,014,848