Can I retire at age 30 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$123,869$122,765$121,689$120,638$119,612$115,048
2 years$61,321$60,179$59,072$57,999$56,958$52,414
3 years$40,475$39,328$38,224$37,161$36,137$31,755
4 years$30,053$28,910$27,817$26,772$25,773$21,587
5 years$23,802$22,666$21,587$20,564$19,592$15,613
6 years$19,636$18,508$17,446$16,445$15,503$11,733
7 years$16,662$15,543$14,497$13,520$12,608$9,046
8 years$14,432$13,323$12,295$11,342$10,459$7,103
9 years$12,698$11,600$10,590$9,661$8,808$5,652
10 years$11,312$10,225$9,232$8,328$7,505$4,543
11 years$10,179$9,103$8,128$7,247$6,455$3,680
12 years$9,236$8,170$7,213$6,357$5,593$2,999
13 years$8,438$7,384$6,445$5,612$4,878$2,456
14 years$7,754$6,711$5,791$4,982$4,276$2,019
15 years$7,163$6,131$5,228$4,443$3,765$1,665
16 years$6,646$5,625$4,740$3,978$3,327$1,377
17 years$6,190$5,181$4,313$3,574$2,950$1,141
18 years$5,785$4,787$3,937$3,221$2,623$947
19 years$5,423$4,437$3,605$2,911$2,338$787
20 years$5,098$4,123$3,308$2,636$2,088$655
21 years$4,804$3,840$3,043$2,393$1,869$545
22 years$4,537$3,585$2,804$2,175$1,675$454
23 years$4,294$3,353$2,589$1,981$1,504$379
24 years$4,072$3,141$2,395$1,807$1,352$316
25 years$3,867$2,948$2,218$1,650$1,216$264
26 years$3,679$2,770$2,057$1,509$1,096$221
27 years$3,505$2,607$1,910$1,381$988$184
28 years$3,343$2,457$1,776$1,265$891$154
29 years$3,193$2,318$1,652$1,160$805$129
30 years$3,053$2,189$1,539$1,065$727$108
31 years$2,923$2,069$1,435$978$657$90
32 years$2,801$1,958$1,339$899$595$75
33 years$2,686$1,854$1,250$827$538$63
34 years$2,579$1,757$1,168$761$487$53
35 years$2,478$1,667$1,092$700$441$44
36 years$2,382$1,582$1,022$645$400$37
37 years$2,292$1,503$956$594$362$31
38 years$2,207$1,428$895$548$329$26
39 years$2,127$1,358$839$505$298$22
40 years$2,051$1,292$786$466$270$18
41 years$1,978$1,230$737$430$245$15
42 years$1,910$1,171$692$397$222$13
43 years$1,844$1,116$649$366$202$11
44 years$1,782$1,064$609$338$183$9
45 years$1,723$1,014$572$312$166$7
46 years$1,666$968$537$288$151$6
47 years$1,613$923$505$266$137$5
48 years$1,561$882$474$246$125$4
49 years$1,512$842$446$227$113$4
50 years$1,465$804$419$210$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,500,000, adding $6,841 every year, while hoping to spend $25,619 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: 76/8/16 Blend
29$1,500,000$1,500,000$1,500,000$1,500,000
30$1,660,056$1,580,556$1,557,306$1,779,875
31$1,802,124$1,630,745$1,582,218$1,910,168
32$1,957,823$1,682,535$1,607,105$2,049,106
33$2,128,519$1,735,976$1,631,940$2,200,735
34$2,315,711$1,791,123$1,656,694$2,366,313
35$2,521,055$1,848,029$1,681,335$2,547,225
36$2,746,372$1,906,752$1,705,829$2,744,995
37$2,993,668$1,967,349$1,730,140$2,961,303
38$3,265,155$2,029,882$1,754,232$3,198,000
39$3,563,266$2,094,411$1,778,065$3,457,123
40$3,890,685$2,161,003$1,801,595$3,740,917
41$4,250,364$2,229,722$1,824,778$4,051,855
42$4,645,561$2,300,637$1,847,568$4,392,661
43$5,079,859$2,373,820$1,869,912$4,766,336
44$5,557,210$2,449,342$1,891,760$5,176,186
45$6,081,966$2,527,281$1,913,055$5,625,853
46$6,658,922$2,607,713$1,933,737$6,119,350
47$7,293,360$2,690,718$1,953,745$6,661,097
48$7,991,100$2,776,381$1,973,013$7,255,966
49$8,758,555$2,864,786$1,991,472$7,909,323
50$9,602,790$2,956,023$2,009,048$8,627,079
51$10,531,589$3,050,183$2,025,665$9,415,751
52$11,553,528$3,147,359$2,041,243$10,282,516
53$12,678,059$3,247,651$2,055,695$11,235,282
54$13,915,593$3,351,158$2,068,933$12,282,764
55$15,277,604$3,457,984$2,080,862$13,434,565
56$16,776,731$3,568,238$2,091,384$14,701,263
57$18,426,906$3,682,029$2,100,393$16,094,518
58$20,243,475$3,799,473$2,107,781$17,627,176
59$22,243,351$3,920,689$2,113,432$19,313,391
60$24,445,167$4,045,797$2,117,227$21,168,760
61$26,869,458$4,174,925$2,119,038$23,210,472
62$29,538,850$4,308,204$2,118,733$25,457,464
63$32,478,274$4,445,767$2,116,172$27,930,606
64$35,715,203$4,587,754$2,111,209$30,652,895
65$39,279,909$4,734,310$2,103,690$33,649,670
66$43,205,750$4,885,582$2,093,454$36,948,857
67$47,529,485$5,041,723$2,080,333$40,581,226
68$52,291,618$5,202,894$2,064,150$44,580,685
69$57,536,784$5,369,256$2,044,720$48,984,599
70$63,314,167$5,540,981$2,021,848$53,834,144
71$69,677,964$5,718,241$1,995,333$59,174,693
72$76,687,901$5,901,219$1,964,960$65,056,245
73$84,409,788$6,090,100$1,930,508$71,533,900
74$92,916,149$6,285,077$1,891,742$78,668,373
75$102,286,900$6,486,350$1,848,420$86,526,575
76$112,610,107$6,694,125$1,800,286$95,182,236
77$123,982,815$6,908,614$1,747,072$104,716,608
78$136,511,963$7,130,036$1,688,499$115,219,226
79$150,315,395$7,358,620$1,624,276$126,788,760
80$165,522,972$7,594,600$1,554,096$139,533,939
81$182,277,798$7,838,218$1,477,641$153,574,583
82$200,737,568$8,089,724$1,394,576$169,042,731
83$221,076,058$8,349,379$1,304,553$186,083,890
84$243,484,767$8,617,450$1,207,207$204,858,405
85$268,174,721$8,894,213$1,102,156$225,542,976
86$295,378,468$9,179,954$989,003$248,332,324
87$325,352,269$9,474,970$867,332$273,441,031
88$358,378,522$9,779,565$736,709$301,105,563
89$394,768,422$10,094,055$596,681$331,586,506
90$434,864,905$10,418,766$446,772$365,171,023
91$479,045,876$10,754,037$286,491$402,175,567
92$527,727,787$11,100,216$115,319$442,948,866
93$581,369,558$11,457,664$0$487,875,219
94$640,476,916$11,826,753$0$537,389,618
95$705,607,166$12,207,868$0$591,969,012
96$777,374,452$12,601,409$0$652,108,084
97$856,455,555$13,007,787$0$718,373,687
98$943,596,281$13,427,428$0$791,390,481
99$1,039,618,502$13,860,772$0$871,846,840
100$1,145,427,916$14,308,276$0$960,501,338