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%13.4%
1 years$166,810$165,324$163,874$162,459$161,078$158,802
2 years$82,579$81,041$79,551$78,105$76,704$74,415
3 years$54,506$52,961$51,474$50,043$48,664$46,434
4 years$40,472$38,932$37,460$36,053$34,708$32,553
5 years$32,054$30,523$29,071$27,692$26,384$24,312
6 years$26,444$24,925$23,493$22,146$20,877$18,889
7 years$22,438$20,932$19,523$18,207$16,978$15,076
8 years$19,435$17,942$16,557$15,274$14,085$12,267
9 years$17,101$15,622$14,261$13,010$11,862$10,128
10 years$15,234$13,770$12,433$11,214$10,107$8,455
11 years$13,708$12,259$10,946$9,760$8,692$7,122
12 years$12,437$11,003$9,714$8,561$7,533$6,041
13 years$11,363$9,943$8,679$7,558$6,569$5,155
14 years$10,443$9,038$7,798$6,709$5,758$4,419
15 years$9,646$8,256$7,040$5,983$5,070$3,803
16 years$8,949$7,575$6,383$5,357$4,481$3,285
17 years$8,335$6,976$5,808$4,814$3,973$2,845
18 years$7,790$6,447$5,302$4,338$3,532$2,469
19 years$7,303$5,975$4,854$3,920$3,149$2,148
20 years$6,865$5,552$4,455$3,550$2,812$1,872
21 years$6,470$5,171$4,098$3,222$2,517$1,634
22 years$6,110$4,827$3,777$2,929$2,256$1,428
23 years$5,783$4,515$3,487$2,668$2,025$1,249
24 years$5,483$4,230$3,225$2,433$1,820$1,094
25 years$5,208$3,970$2,987$2,222$1,638$959
26 years$4,954$3,731$2,770$2,032$1,475$841
27 years$4,720$3,511$2,572$1,860$1,330$738
28 years$4,502$3,309$2,391$1,704$1,200$648
29 years$4,300$3,121$2,225$1,563$1,084$570
30 years$4,112$2,948$2,073$1,434$979$501
31 years$3,936$2,787$1,932$1,317$885$440
32 years$3,772$2,637$1,803$1,210$801$387
33 years$3,618$2,497$1,683$1,113$725$341
34 years$3,473$2,367$1,573$1,024$656$300
35 years$3,337$2,245$1,471$943$594$264
36 years$3,208$2,131$1,376$868$538$233
37 years$3,087$2,023$1,288$800$488$205
38 years$2,973$1,923$1,206$737$442$180
39 years$2,864$1,829$1,130$680$401$159
40 years$2,762$1,740$1,059$627$364$140
41 years$2,664$1,656$993$579$330$123
42 years$2,572$1,577$931$534$300$109
43 years$2,484$1,503$874$493$272$96
44 years$2,400$1,432$820$455$247$84
45 years$2,320$1,366$770$420$224$74
46 years$2,244$1,303$723$388$203$66
47 years$2,172$1,244$680$359$185$58
48 years$2,102$1,187$639$331$168$51
49 years$2,036$1,134$600$306$152$45
50 years$1,972$1,083$564$283$138$40

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 $3,192 every year, while hoping to spend $48,325 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: 40/31/29 Blend
29$2,020,000$2,020,000$2,020,000$2,020,000
30$2,229,333$2,122,273$2,090,963$2,299,308
31$2,405,307$2,174,846$2,109,592$2,403,153
32$2,597,611$2,228,377$2,127,227$2,510,719
33$2,807,860$2,282,860$2,143,781$2,626,186
34$3,037,831$2,338,289$2,159,167$2,750,306
35$3,289,481$2,394,656$2,173,290$2,883,914
36$3,564,966$2,451,952$2,186,053$3,027,925
37$3,866,658$2,510,164$2,197,352$3,183,352
38$4,197,173$2,569,278$2,207,079$3,351,310
39$4,559,388$2,629,276$2,215,120$3,533,027
40$4,956,473$2,690,138$2,221,354$3,729,858
41$5,391,920$2,751,841$2,225,655$3,943,298
42$5,869,573$2,814,359$2,227,893$4,174,994
43$6,393,669$2,877,662$2,227,927$4,426,761
44$6,968,873$2,941,717$2,225,612$4,700,602
45$7,600,324$3,006,487$2,220,796$4,998,723
46$8,293,683$3,071,930$2,213,318$5,323,561
47$9,055,185$3,138,001$2,203,010$5,677,796
48$9,891,700$3,204,650$2,189,697$6,064,390
49$10,810,795$3,271,820$2,173,194$6,486,605
50$11,820,808$3,339,450$2,153,308$6,948,037
51$12,930,922$3,407,475$2,129,835$7,452,653
52$14,151,256$3,475,822$2,102,565$8,004,826
53$15,492,958$3,544,410$2,071,274$8,609,379
54$16,968,309$3,613,156$2,035,731$9,271,627
55$18,590,841$3,681,964$1,995,692$9,997,431
56$20,375,461$3,750,735$1,950,903$10,793,255
57$22,338,596$3,819,359$1,901,096$11,666,224
58$24,498,343$3,887,718$1,845,992$12,624,193
59$26,874,642$3,955,684$1,785,301$13,675,824
60$29,489,464$4,023,121$1,718,717$14,830,664
61$32,367,016$4,089,881$1,645,921$16,099,243
62$35,533,972$4,155,805$1,566,580$17,493,165
63$39,019,722$4,220,724$1,480,345$19,025,226
64$42,856,648$4,284,454$1,386,851$20,709,534
65$47,080,434$4,346,800$1,285,718$22,561,638
66$51,730,396$4,407,552$1,176,548$24,598,683
67$56,849,859$4,466,485$1,058,925$26,839,568
68$62,486,561$4,523,358$932,415$29,305,129
69$68,693,104$4,577,916$796,565$32,018,334
70$75,527,451$4,629,885$650,900$35,004,501
71$83,053,472$4,678,970$494,927$38,291,543
72$91,341,547$4,724,861$328,128$41,910,226
73$100,469,230$4,767,224$149,965$45,894,466
74$110,521,978$4,805,705$0$50,281,649
75$121,593,960$4,839,925$0$55,125,416
76$133,788,945$4,869,482$0$60,509,094
77$147,221,279$4,893,948$0$66,436,492
78$162,016,965$4,912,867$0$72,963,005
79$178,314,854$4,925,756$0$80,149,677
80$196,267,950$4,932,099$0$88,063,785
81$216,044,859$4,931,350$0$96,779,471
82$237,831,377$4,922,928$0$106,378,442
83$261,832,242$4,906,216$0$116,950,745
84$288,273,070$4,880,561$0$128,595,618
85$317,402,483$4,845,268$0$141,422,425
86$349,494,450$4,799,600$0$155,551,691
87$384,850,881$4,742,777$0$171,116,241
88$423,804,470$4,673,972$0$188,262,455
89$466,721,837$4,592,308$0$207,151,654
90$514,006,989$4,496,855$0$227,961,618
91$566,105,131$4,386,631$0$250,888,273
92$623,506,870$4,260,592$0$276,147,537
93$686,752,847$4,117,636$0$303,977,362
94$756,438,833$3,956,597$0$334,639,984
95$833,221,362$3,776,238$0$368,424,397
96$917,823,920$3,575,253$0$405,649,088
97$1,011,043,780$3,352,260$0$446,665,041
98$1,113,759,523$3,105,798$0$491,859,059
99$1,226,939,333$2,834,321$0$541,657,410
100$1,351,650,139$2,536,197$0$596,529,864