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%18.6%
1 years$166,810$165,324$163,874$162,459$161,078$155,486
2 years$82,579$81,041$79,551$78,105$76,704$71,128
3 years$54,506$52,961$51,474$50,043$48,664$43,280
4 years$40,472$38,932$37,460$36,053$34,708$29,556
5 years$32,054$30,523$29,071$27,692$26,384$21,478
6 years$26,444$24,925$23,493$22,146$20,877$16,220
7 years$22,438$20,932$19,523$18,207$16,978$12,571
8 years$19,435$17,942$16,557$15,274$14,085$9,923
9 years$17,101$15,622$14,261$13,010$11,862$7,939
10 years$15,234$13,770$12,433$11,214$10,107$6,418
11 years$13,708$12,259$10,946$9,760$8,692$5,229
12 years$12,437$11,003$9,714$8,561$7,533$4,288
13 years$11,363$9,943$8,679$7,558$6,569$3,533
14 years$10,443$9,038$7,798$6,709$5,758$2,923
15 years$9,646$8,256$7,040$5,983$5,070$2,426
16 years$8,949$7,575$6,383$5,357$4,481$2,019
17 years$8,335$6,976$5,808$4,814$3,973$1,684
18 years$7,790$6,447$5,302$4,338$3,532$1,407
19 years$7,303$5,975$4,854$3,920$3,149$1,177
20 years$6,865$5,552$4,455$3,550$2,812$986
21 years$6,470$5,171$4,098$3,222$2,517$827
22 years$6,110$4,827$3,777$2,929$2,256$694
23 years$5,783$4,515$3,487$2,668$2,025$583
24 years$5,483$4,230$3,225$2,433$1,820$490
25 years$5,208$3,970$2,987$2,222$1,638$412
26 years$4,954$3,731$2,770$2,032$1,475$347
27 years$4,720$3,511$2,572$1,860$1,330$292
28 years$4,502$3,309$2,391$1,704$1,200$246
29 years$4,300$3,121$2,225$1,563$1,084$207
30 years$4,112$2,948$2,073$1,434$979$174
31 years$3,936$2,787$1,932$1,317$885$147
32 years$3,772$2,637$1,803$1,210$801$124
33 years$3,618$2,497$1,683$1,113$725$104
34 years$3,473$2,367$1,573$1,024$656$88
35 years$3,337$2,245$1,471$943$594$74
36 years$3,208$2,131$1,376$868$538$62
37 years$3,087$2,023$1,288$800$488$53
38 years$2,973$1,923$1,206$737$442$44
39 years$2,864$1,829$1,130$680$401$37
40 years$2,762$1,740$1,059$627$364$31
41 years$2,664$1,656$993$579$330$27
42 years$2,572$1,577$931$534$300$22
43 years$2,484$1,503$874$493$272$19
44 years$2,400$1,432$820$455$247$16
45 years$2,320$1,366$770$420$224$13
46 years$2,244$1,303$723$388$203$11
47 years$2,172$1,244$680$359$185$10
48 years$2,102$1,187$639$331$168$8
49 years$2,036$1,134$600$306$152$7
50 years$1,972$1,083$564$283$138$6

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 $6,449 every year, while hoping to spend $38,947 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: 48/22/30 Blend
29$2,020,000$2,020,000$2,020,000$2,020,000
30$2,232,692$2,125,632$2,094,322$2,320,439
31$2,418,987$2,188,349$2,123,043$2,445,716
32$2,622,980$2,252,833$2,151,420$2,577,391
33$2,846,432$2,319,131$2,179,401$2,719,658
34$3,091,288$2,387,288$2,206,931$2,873,539
35$3,359,687$2,457,353$2,233,951$3,040,159
36$3,653,985$2,529,373$2,260,398$3,220,754
37$3,976,777$2,603,398$2,286,207$3,416,690
38$4,330,921$2,679,477$2,311,308$3,629,468
39$4,719,566$2,757,663$2,335,628$3,860,743
40$5,146,180$2,838,006$2,359,090$4,112,338
41$5,614,584$2,920,561$2,381,612$4,386,260
42$6,128,984$3,005,382$2,403,108$4,684,721
43$6,694,017$3,092,522$2,423,489$5,010,158
44$7,314,789$3,182,038$2,442,659$5,365,256
45$7,996,927$3,273,987$2,460,517$5,752,973
46$8,746,628$3,368,427$2,476,958$6,176,568
47$9,570,719$3,465,415$2,491,872$6,639,631
48$10,476,724$3,565,012$2,505,141$7,146,120
49$11,472,930$3,667,278$2,516,644$7,700,395
50$12,568,467$3,772,273$2,526,250$8,307,259
51$13,773,397$3,880,060$2,533,825$8,972,006
52$15,098,802$3,990,702$2,539,227$9,700,470
53$16,556,894$4,104,261$2,542,305$10,499,080
54$18,161,130$4,220,802$2,542,905$11,374,917
55$19,926,333$4,340,390$2,540,861$12,335,790
56$21,868,840$4,463,089$2,536,000$13,390,300
57$24,006,648$4,588,967$2,528,142$14,547,926
58$26,359,588$4,718,089$2,517,098$15,819,116
59$28,949,513$4,850,522$2,502,667$17,215,382
60$31,800,500$4,986,334$2,484,643$18,749,411
61$34,939,078$5,125,591$2,462,806$20,435,184
62$38,394,481$5,268,363$2,436,927$22,288,111
63$42,198,922$5,414,716$2,406,768$24,325,171
64$46,387,894$5,564,719$2,372,076$26,565,077
65$51,000,509$5,718,440$2,332,591$29,028,452
66$56,079,863$5,875,946$2,288,035$31,738,024
67$61,673,447$6,037,305$2,238,122$34,718,838
68$67,833,589$6,202,584$2,182,549$37,998,498
69$74,617,954$6,371,849$2,121,003$41,607,423
70$82,090,082$6,545,166$2,053,154$45,579,138
71$90,319,992$6,722,601$1,978,656$49,950,586
72$99,384,839$6,904,216$1,897,149$54,762,485
73$109,369,645$7,090,075$1,808,256$60,059,704
74$120,368,099$7,280,240$1,711,583$65,891,694
75$132,483,442$7,474,768$1,606,718$72,312,952
76$145,829,441$7,673,720$1,493,230$79,383,535
77$160,531,461$7,877,149$1,370,671$87,169,631
78$176,727,651$8,085,111$1,238,569$95,744,183
79$194,570,245$8,297,654$1,096,435$105,187,574
80$214,226,999$8,514,829$943,755$115,588,396
81$235,882,776$8,736,678$779,993$127,044,276
82$259,741,287$8,963,243$604,591$139,662,807
83$286,027,019$9,194,562$416,965$153,562,561
84$314,987,346$9,430,668$216,505$168,874,209
85$346,894,873$9,671,588$2,576$185,741,756
86$382,050,000$9,917,346$0$204,323,903
87$420,783,764$10,167,959$0$224,867,799
88$463,460,958$10,423,440$0$247,499,507
89$510,483,579$10,683,792$0$272,430,839
90$562,294,621$10,949,014$0$299,896,121
91$619,382,252$11,219,096$0$330,153,569
92$682,284,430$11,494,019$0$363,487,735
93$751,593,973$11,773,758$0$400,212,190
94$827,964,161$12,058,274$0$440,672,479
95$912,114,897$12,347,521$0$485,249,392
96$1,004,839,507$12,641,441$0$534,362,550
97$1,107,012,228$12,939,962$0$588,474,371
98$1,219,596,457$13,243,003$0$648,094,432
99$1,343,653,852$13,550,466$0$713,784,282
100$1,480,354,344$13,862,238$0$786,162,742