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

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 $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%16.6%
1 years$123,869$122,765$121,689$120,638$119,612$116,390
2 years$61,321$60,179$59,072$57,999$56,958$53,735
3 years$40,475$39,328$38,224$37,161$36,137$33,013
4 years$30,053$28,910$27,817$26,772$25,773$22,773
5 years$23,802$22,666$21,587$20,564$19,592$16,725
6 years$19,636$18,508$17,446$16,445$15,503$12,770
7 years$16,662$15,543$14,497$13,520$12,608$10,010
8 years$14,432$13,323$12,295$11,342$10,459$7,995
9 years$12,698$11,600$10,590$9,661$8,808$6,475
10 years$11,312$10,225$9,232$8,328$7,505$5,301
11 years$10,179$9,103$8,128$7,247$6,455$4,375
12 years$9,236$8,170$7,213$6,357$5,593$3,635
13 years$8,438$7,384$6,445$5,612$4,878$3,036
14 years$7,754$6,711$5,791$4,982$4,276$2,547
15 years$7,163$6,131$5,228$4,443$3,765$2,144
16 years$6,646$5,625$4,740$3,978$3,327$1,810
17 years$6,190$5,181$4,313$3,574$2,950$1,532
18 years$5,785$4,787$3,937$3,221$2,623$1,299
19 years$5,423$4,437$3,605$2,911$2,338$1,104
20 years$5,098$4,123$3,308$2,636$2,088$939
21 years$4,804$3,840$3,043$2,393$1,869$800
22 years$4,537$3,585$2,804$2,175$1,675$682
23 years$4,294$3,353$2,589$1,981$1,504$582
24 years$4,072$3,141$2,395$1,807$1,352$497
25 years$3,867$2,948$2,218$1,650$1,216$425
26 years$3,679$2,770$2,057$1,509$1,096$363
27 years$3,505$2,607$1,910$1,381$988$311
28 years$3,343$2,457$1,776$1,265$891$266
29 years$3,193$2,318$1,652$1,160$805$227
30 years$3,053$2,189$1,539$1,065$727$195
31 years$2,923$2,069$1,435$978$657$167
32 years$2,801$1,958$1,339$899$595$143
33 years$2,686$1,854$1,250$827$538$122
34 years$2,579$1,757$1,168$761$487$105
35 years$2,478$1,667$1,092$700$441$90
36 years$2,382$1,582$1,022$645$400$77
37 years$2,292$1,503$956$594$362$66
38 years$2,207$1,428$895$548$329$57
39 years$2,127$1,358$839$505$298$49
40 years$2,051$1,292$786$466$270$42
41 years$1,978$1,230$737$430$245$36
42 years$1,910$1,171$692$397$222$31
43 years$1,844$1,116$649$366$202$26
44 years$1,782$1,064$609$338$183$22
45 years$1,723$1,014$572$312$166$19
46 years$1,666$968$537$288$151$17
47 years$1,613$923$505$266$137$14
48 years$1,561$882$474$246$125$12
49 years$1,512$842$446$227$113$10
50 years$1,465$804$419$210$103$9

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 $3,464 every year, while hoping to spend $34,276 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: 66/17/17 Blend
29$1,500,000$1,500,000$1,500,000$1,500,000
30$1,656,573$1,577,073$1,553,823$1,758,807
31$1,789,074$1,617,880$1,569,407$1,868,450
32$1,933,942$1,659,538$1,584,364$1,983,965
33$2,092,400$1,702,052$1,598,637$2,109,401
34$2,265,800$1,745,428$1,612,166$2,245,729
35$2,455,625$1,789,667$1,624,887$2,394,020
36$2,663,512$1,834,774$1,636,734$2,555,451
37$2,891,262$1,880,750$1,647,636$2,731,322
38$3,140,859$1,927,595$1,657,520$2,923,061
39$3,414,487$1,975,307$1,666,308$3,132,245
40$3,714,553$2,023,886$1,673,917$3,360,609
41$4,043,707$2,073,326$1,680,263$3,610,065
42$4,404,869$2,123,622$1,685,255$3,882,718
43$4,801,253$2,174,767$1,688,799$4,180,891
44$5,236,401$2,226,751$1,690,794$4,507,140
45$5,714,215$2,279,563$1,691,137$4,864,282
46$6,238,993$2,333,190$1,689,718$5,255,421
47$6,815,469$2,387,615$1,686,422$5,683,979
48$7,448,859$2,442,820$1,681,129$6,153,724
49$8,144,908$2,498,784$1,673,713$6,668,810
50$8,909,946$2,555,482$1,664,040$7,233,813
51$9,750,948$2,612,887$1,651,972$7,853,775
52$10,675,596$2,670,970$1,637,364$8,534,255
53$11,692,354$2,729,695$1,620,063$9,281,375
54$12,810,548$2,789,024$1,599,910$10,101,885
55$14,040,455$2,848,917$1,576,737$11,003,220
56$15,393,393$2,909,326$1,550,370$11,993,576
57$16,881,837$2,970,200$1,520,625$13,081,984
58$18,519,529$3,031,485$1,487,310$14,278,395
59$20,321,611$3,093,118$1,450,226$15,593,777
60$22,304,768$3,155,034$1,409,161$17,040,216
61$24,487,384$3,217,159$1,363,897$18,631,032
62$26,889,713$3,279,416$1,314,204$20,380,902
63$29,534,075$3,341,719$1,259,841$22,306,003
64$32,445,063$3,403,976$1,200,558$24,424,162
65$35,649,775$3,466,086$1,136,092$26,755,023
66$39,178,070$3,527,942$1,066,169$29,320,236
67$43,062,850$3,589,428$990,502$32,143,661
68$47,340,368$3,650,418$908,792$35,251,592
69$52,050,574$3,710,777$820,725$38,673,004
70$57,237,489$3,770,361$725,975$42,439,833
71$62,949,618$3,829,013$624,201$46,587,270
72$69,240,412$3,886,568$515,044$51,154,099
73$76,168,769$3,942,846$398,134$56,183,061
74$83,799,594$3,997,655$273,081$61,721,259
75$92,204,403$4,050,790$139,480$67,820,601
76$101,462,006$4,102,033$0$74,538,296
77$111,659,246$4,151,148$0$81,937,946
78$122,891,820$4,197,885$0$90,115,506
79$135,265,182$4,241,978$0$99,122,297
80$148,895,536$4,283,140$0$109,042,786
81$163,910,935$4,321,069$0$119,970,055
82$180,452,489$4,355,440$0$132,006,676
83$198,675,695$4,385,908$0$145,265,684
84$218,751,904$4,412,106$0$159,871,641
85$240,869,943$4,433,644$0$175,961,813
86$265,237,889$4,450,105$0$193,687,465
87$292,085,042$4,461,048$0$213,215,290
88$321,664,080$4,466,003$0$234,728,984
89$354,253,450$4,464,471$0$258,430,977
90$390,159,995$4,455,923$0$284,544,346
91$429,721,847$4,439,796$0$313,314,921
92$473,311,622$4,415,493$0$345,013,605
93$521,339,936$4,382,380$0$379,938,935
94$574,259,280$4,339,787$0$418,419,895
95$632,568,291$4,287,001$0$460,819,026
96$696,816,459$4,223,267$0$507,535,850
97$767,609,317$4,147,785$0$559,010,636
98$845,614,149$4,059,709$0$615,728,565
99$931,566,298$3,958,140$0$678,224,303
100$1,026,276,100$3,842,129$0$747,087,055