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%13.1%
1 years$123,869$122,765$121,689$120,638$119,612$118,068
2 years$61,321$60,179$59,072$57,999$56,958$55,405
3 years$40,475$39,328$38,224$37,161$36,137$34,623
4 years$30,053$28,910$27,817$26,772$25,773$24,309
5 years$23,802$22,666$21,587$20,564$19,592$18,184
6 years$19,636$18,508$17,446$16,445$15,503$14,151
7 years$16,662$15,543$14,497$13,520$12,608$11,313
8 years$14,432$13,323$12,295$11,342$10,459$9,221
9 years$12,698$11,600$10,590$9,661$8,808$7,627
10 years$11,312$10,225$9,232$8,328$7,505$6,379
11 years$10,179$9,103$8,128$7,247$6,455$5,383
12 years$9,236$8,170$7,213$6,357$5,593$4,575
13 years$8,438$7,384$6,445$5,612$4,878$3,911
14 years$7,754$6,711$5,791$4,982$4,276$3,360
15 years$7,163$6,131$5,228$4,443$3,765$2,898
16 years$6,646$5,625$4,740$3,978$3,327$2,508
17 years$6,190$5,181$4,313$3,574$2,950$2,176
18 years$5,785$4,787$3,937$3,221$2,623$1,893
19 years$5,423$4,437$3,605$2,911$2,338$1,651
20 years$5,098$4,123$3,308$2,636$2,088$1,442
21 years$4,804$3,840$3,043$2,393$1,869$1,261
22 years$4,537$3,585$2,804$2,175$1,675$1,105
23 years$4,294$3,353$2,589$1,981$1,504$969
24 years$4,072$3,141$2,395$1,807$1,352$850
25 years$3,867$2,948$2,218$1,650$1,216$747
26 years$3,679$2,770$2,057$1,509$1,096$657
27 years$3,505$2,607$1,910$1,381$988$578
28 years$3,343$2,457$1,776$1,265$891$509
29 years$3,193$2,318$1,652$1,160$805$448
30 years$3,053$2,189$1,539$1,065$727$395
31 years$2,923$2,069$1,435$978$657$348
32 years$2,801$1,958$1,339$899$595$307
33 years$2,686$1,854$1,250$827$538$271
34 years$2,579$1,757$1,168$761$487$239
35 years$2,478$1,667$1,092$700$441$211
36 years$2,382$1,582$1,022$645$400$186
37 years$2,292$1,503$956$594$362$164
38 years$2,207$1,428$895$548$329$145
39 years$2,127$1,358$839$505$298$128
40 years$2,051$1,292$786$466$270$113
41 years$1,978$1,230$737$430$245$100
42 years$1,910$1,171$692$397$222$88
43 years$1,844$1,116$649$366$202$78
44 years$1,782$1,064$609$338$183$69
45 years$1,723$1,014$572$312$166$61
46 years$1,666$968$537$288$151$54
47 years$1,613$923$505$266$137$48
48 years$1,561$882$474$246$125$42
49 years$1,512$842$446$227$113$37
50 years$1,465$804$419$210$103$33

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 $2,572 every year, while hoping to spend $41,268 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: 68/19/13 Blend
29$1,500,000$1,500,000$1,500,000$1,500,000
30$1,655,653$1,576,153$1,552,903$1,763,243
31$1,780,621$1,609,476$1,561,016$1,868,486
32$1,916,952$1,643,048$1,568,019$1,978,395
33$2,065,763$1,676,839$1,573,828$2,097,541
34$2,228,280$1,710,814$1,578,361$2,226,828
35$2,405,856$1,744,935$1,581,528$2,367,249
36$2,599,980$1,779,163$1,583,235$2,519,898
37$2,812,288$1,813,453$1,583,385$2,685,982
38$3,044,586$1,847,756$1,581,873$2,866,830
39$3,298,861$1,882,023$1,578,592$3,063,904
40$3,577,298$1,916,196$1,573,428$3,278,818
41$3,882,308$1,950,214$1,566,263$3,513,350
42$4,216,542$1,984,014$1,556,972$3,769,456
43$4,582,923$2,017,524$1,545,424$4,049,297
44$4,984,668$2,050,670$1,531,483$4,355,248
45$5,425,321$2,083,370$1,515,005$4,689,931
46$5,908,786$2,115,537$1,495,839$5,056,234
47$6,439,361$2,147,077$1,473,829$5,457,338
48$7,021,784$2,177,892$1,448,810$5,896,751
49$7,661,270$2,207,872$1,420,609$6,378,337
50$8,363,566$2,236,905$1,389,046$6,906,357
51$9,135,004$2,264,867$1,353,933$7,485,503
52$9,982,556$2,291,628$1,315,072$8,120,951
53$10,913,906$2,317,046$1,272,256$8,818,401
54$11,937,516$2,340,974$1,225,269$9,584,138
55$13,062,713$2,363,252$1,173,885$10,425,086
56$14,299,768$2,383,709$1,117,869$11,348,878
57$15,660,000$2,402,166$1,056,972$12,363,928
58$17,155,877$2,418,430$990,938$13,479,505
59$18,801,138$2,432,294$919,496$14,705,828
60$20,610,920$2,443,543$842,365$16,054,158
61$22,601,899$2,451,942$759,250$17,536,908
62$24,792,452$2,457,246$669,844$19,167,757
63$27,202,823$2,459,192$573,825$20,961,780
64$29,855,321$2,457,502$470,858$22,935,595
65$32,774,524$2,451,880$360,592$25,107,513
66$35,987,516$2,442,013$242,662$27,497,720
67$39,524,138$2,427,567$116,687$30,128,458
68$43,417,271$2,408,189$0$33,024,244
69$47,703,146$2,383,504$0$36,214,562
70$52,421,686$2,353,114$0$39,744,159
71$57,616,881$2,316,599$0$43,629,714
72$63,337,203$2,273,513$0$47,907,462
73$69,636,065$2,223,383$0$52,617,333
74$76,572,323$2,165,708$0$57,803,331
75$84,210,831$2,099,959$0$63,513,949
76$92,623,053$2,025,574$0$69,802,628
77$101,887,736$1,941,959$0$76,728,259
78$112,091,658$1,848,487$0$84,355,744
79$123,330,437$1,744,494$0$92,756,604
80$135,709,443$1,629,275$0$102,009,657
81$149,344,786$1,502,089$0$112,201,764
82$164,364,412$1,362,150$0$123,428,645
83$180,909,314$1,208,627$0$135,795,789
84$199,134,857$1,040,643$0$149,419,445
85$219,212,249$857,270$0$164,427,724
86$241,330,152$657,530$0$180,961,806
87$265,696,467$440,388$0$199,177,278
88$292,540,290$204,751$0$219,245,598
89$322,114,081$0$0$241,355,717
90$354,696,042$0$0$265,726,432
91$390,592,741$0$0$292,623,822
92$430,142,012$0$0$322,258,234
93$473,716,135$0$0$354,908,641
94$521,725,358$0$0$390,882,460
95$574,621,762$0$0$430,518,464
96$632,903,533$0$0$474,189,968
97$697,119,660$0$0$522,308,363
98$767,875,121$0$0$575,326,991
99$845,836,591$0$0$633,745,428
100$931,738,734$0$0$698,114,202