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%12.7%
1 years$123,869$122,765$121,689$120,638$119,612$118,265
2 years$61,321$60,179$59,072$57,999$56,958$55,602
3 years$40,475$39,328$38,224$37,161$36,137$34,813
4 years$30,053$28,910$27,817$26,772$25,773$24,493
5 years$23,802$22,666$21,587$20,564$19,592$18,359
6 years$19,636$18,508$17,446$16,445$15,503$14,318
7 years$16,662$15,543$14,497$13,520$12,608$11,472
8 years$14,432$13,323$12,295$11,342$10,459$9,373
9 years$12,698$11,600$10,590$9,661$8,808$7,770
10 years$11,312$10,225$9,232$8,328$7,505$6,515
11 years$10,179$9,103$8,128$7,247$6,455$5,511
12 years$9,236$8,170$7,213$6,357$5,593$4,696
13 years$8,438$7,384$6,445$5,612$4,878$4,025
14 years$7,754$6,711$5,791$4,982$4,276$3,467
15 years$7,163$6,131$5,228$4,443$3,765$2,998
16 years$6,646$5,625$4,740$3,978$3,327$2,602
17 years$6,190$5,181$4,313$3,574$2,950$2,264
18 years$5,785$4,787$3,937$3,221$2,623$1,976
19 years$5,423$4,437$3,605$2,911$2,338$1,727
20 years$5,098$4,123$3,308$2,636$2,088$1,513
21 years$4,804$3,840$3,043$2,393$1,869$1,328
22 years$4,537$3,585$2,804$2,175$1,675$1,166
23 years$4,294$3,353$2,589$1,981$1,504$1,026
24 years$4,072$3,141$2,395$1,807$1,352$903
25 years$3,867$2,948$2,218$1,650$1,216$796
26 years$3,679$2,770$2,057$1,509$1,096$702
27 years$3,505$2,607$1,910$1,381$988$620
28 years$3,343$2,457$1,776$1,265$891$547
29 years$3,193$2,318$1,652$1,160$805$484
30 years$3,053$2,189$1,539$1,065$727$428
31 years$2,923$2,069$1,435$978$657$378
32 years$2,801$1,958$1,339$899$595$335
33 years$2,686$1,854$1,250$827$538$296
34 years$2,579$1,757$1,168$761$487$262
35 years$2,478$1,667$1,092$700$441$232
36 years$2,382$1,582$1,022$645$400$206
37 years$2,292$1,503$956$594$362$182
38 years$2,207$1,428$895$548$329$162
39 years$2,127$1,358$839$505$298$143
40 years$2,051$1,292$786$466$270$127
41 years$1,978$1,230$737$430$245$112
42 years$1,910$1,171$692$397$222$100
43 years$1,844$1,116$649$366$202$88
44 years$1,782$1,064$609$338$183$78
45 years$1,723$1,014$572$312$166$70
46 years$1,666$968$537$288$151$62
47 years$1,613$923$505$266$137$55
48 years$1,561$882$474$246$125$48
49 years$1,512$842$446$227$113$43
50 years$1,465$804$419$210$103$38

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 $2,392 every year, while hoping to spend $35,922 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: 27/45/28 Blend
29$1,500,000$1,500,000$1,500,000$1,500,000
30$1,655,467$1,575,967$1,552,717$1,685,683
31$1,786,104$1,614,969$1,566,513$1,749,355
32$1,928,862$1,654,678$1,579,566$1,814,424
33$2,084,940$1,695,090$1,591,815$1,883,558
34$2,255,656$1,736,202$1,603,193$1,957,128
35$2,442,464$1,778,007$1,613,631$2,035,543
36$2,646,963$1,820,498$1,623,056$2,119,255
37$2,870,916$1,863,664$1,631,391$2,208,762
38$3,116,261$1,907,496$1,638,554$2,304,611
39$3,385,136$1,951,980$1,644,462$2,407,408
40$3,679,893$1,997,100$1,649,025$2,517,821
41$4,003,124$2,042,839$1,652,149$2,636,584
42$4,357,682$2,089,178$1,653,735$2,764,510
43$4,746,712$2,136,094$1,653,682$2,902,493
44$5,173,677$2,183,562$1,651,880$3,051,521
45$5,642,389$2,231,555$1,648,216$3,212,682
46$6,157,052$2,280,040$1,642,570$3,387,178
47$6,722,294$2,328,984$1,634,818$3,576,334
48$7,343,212$2,378,349$1,624,829$3,781,611
49$8,025,425$2,428,093$1,612,466$4,004,621
50$8,775,119$2,478,170$1,597,584$4,247,141
51$9,599,111$2,528,531$1,580,034$4,511,134
52$10,504,913$2,579,121$1,559,657$4,798,762
53$11,500,796$2,629,880$1,536,288$5,112,412
54$12,595,878$2,680,745$1,509,754$5,454,716
55$13,800,201$2,731,645$1,479,874$5,828,576
56$15,124,831$2,782,505$1,446,459$6,237,194
57$16,581,959$2,833,243$1,409,311$6,684,103
58$18,185,017$2,883,770$1,368,221$7,173,197
59$19,948,806$2,933,992$1,322,974$7,708,772
60$21,889,632$2,983,805$1,273,341$8,295,566
61$24,025,462$3,033,100$1,219,086$8,938,805
62$26,376,095$3,081,758$1,159,961$9,644,252
63$28,963,344$3,129,651$1,095,707$10,418,261
64$31,811,244$3,176,642$1,026,052$11,267,842
65$34,946,279$3,222,586$950,713$12,200,725
66$38,397,632$3,267,325$869,394$13,225,431
67$42,197,458$3,310,692$781,786$14,351,361
68$46,381,189$3,352,506$687,567$15,588,878
69$50,987,868$3,392,577$586,398$16,949,412
70$56,060,516$3,430,698$477,928$18,445,565
71$61,646,538$3,466,652$361,788$20,091,231
72$67,798,172$3,500,205$237,595$21,901,733
73$74,572,978$3,531,108$104,947$23,893,965
74$82,034,386$3,559,096$0$26,086,552
75$90,252,288$3,583,887$0$28,510,970
76$99,303,705$3,605,181$0$31,213,094
77$109,273,504$3,622,656$0$34,186,637
78$120,255,209$3,635,974$0$37,459,265
79$132,351,876$3,644,772$0$41,061,469
80$145,677,068$3,648,667$0$45,026,856
81$160,355,927$3,647,249$0$49,392,466
82$176,526,353$3,640,086$0$54,199,125
83$194,340,307$3,626,716$0$59,491,829
84$213,965,244$3,606,651$0$65,320,170
85$235,585,696$3,579,374$0$71,738,807
86$259,405,007$3,544,334$0$78,807,983
87$285,647,260$3,500,948$0$86,594,096
88$314,559,385$3,448,599$0$95,170,323
89$346,413,494$3,386,632$0$104,617,318
90$381,509,448$3,314,354$0$115,023,973
91$420,177,684$3,231,030$0$126,488,258
92$462,782,341$3,135,883$0$139,118,150
93$509,724,688$3,028,090$0$153,032,652
94$561,446,919$2,906,779$0$168,362,923
95$618,436,322$2,771,029$0$185,253,511
96$681,229,881$2,619,864$0$203,863,731
97$750,419,345$2,452,253$0$224,369,160
98$826,656,811$2,267,106$0$246,963,309
99$910,660,881$2,063,269$0$271,859,443
100$1,003,223,446$1,839,525$0$299,292,604