Can I retire at age 30 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$124,694$123,584$122,500$121,442$120,410$115,724
2 years$61,730$60,580$59,466$58,386$57,338$52,673
3 years$40,744$39,590$38,478$37,408$36,377$31,881
4 years$30,254$29,103$28,002$26,951$25,945$21,651
5 years$23,961$22,817$21,731$20,701$19,723$15,643
6 years$19,767$18,632$17,562$16,554$15,606$11,742
7 years$16,773$15,647$14,594$13,610$12,692$9,043
8 years$14,528$13,412$12,377$11,417$10,529$7,092
9 years$12,783$11,678$10,660$9,725$8,867$5,636
10 years$11,388$10,293$9,294$8,383$7,555$4,525
11 years$10,247$9,164$8,182$7,296$6,498$3,660
12 years$9,297$8,225$7,261$6,399$5,631$2,979
13 years$8,494$7,433$6,488$5,650$4,910$2,436
14 years$7,806$6,756$5,829$5,015$4,304$2,000
15 years$7,211$6,172$5,263$4,473$3,790$1,647
16 years$6,690$5,663$4,772$4,005$3,349$1,360
17 years$6,231$5,215$4,342$3,598$2,970$1,125
18 years$5,823$4,819$3,964$3,243$2,641$932
19 years$5,459$4,466$3,629$2,930$2,354$774
20 years$5,132$4,150$3,330$2,654$2,102$643
21 years$4,836$3,866$3,063$2,408$1,881$535
22 years$4,568$3,608$2,823$2,190$1,686$445
23 years$4,323$3,375$2,607$1,994$1,514$370
24 years$4,099$3,162$2,411$1,819$1,361$309
25 years$3,893$2,967$2,233$1,661$1,224$257
26 years$3,703$2,789$2,071$1,519$1,103$215
27 years$3,528$2,625$1,923$1,390$994$179
28 years$3,365$2,473$1,788$1,274$897$149
29 years$3,214$2,333$1,664$1,168$810$125
30 years$3,074$2,204$1,549$1,072$732$104
31 years$2,942$2,083$1,445$985$662$87
32 years$2,819$1,971$1,348$905$599$72
33 years$2,704$1,867$1,258$832$542$61
34 years$2,596$1,769$1,176$766$491$51
35 years$2,494$1,678$1,099$705$444$42
36 years$2,398$1,593$1,028$649$403$35
37 years$2,308$1,513$963$598$365$29
38 years$2,222$1,438$901$551$331$25
39 years$2,141$1,367$844$508$300$21
40 years$2,064$1,301$792$469$272$17
41 years$1,992$1,238$742$433$247$14
42 years$1,922$1,179$696$399$224$12
43 years$1,857$1,123$653$368$203$10
44 years$1,794$1,071$613$340$184$8
45 years$1,734$1,021$576$314$167$7
46 years$1,678$974$541$290$152$6
47 years$1,623$930$508$268$138$5
48 years$1,571$887$477$248$125$4
49 years$1,522$847$449$229$114$3
50 years$1,474$809$422$212$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,510,000, adding $6,714 every year, while hoping to spend $37,197 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: 77/13/10 Blend
29$1,510,000$1,510,000$1,510,000$1,510,000
30$1,670,945$1,590,915$1,567,510$1,796,208
31$1,801,805$1,629,293$1,580,445$1,917,922
32$1,944,765$1,668,304$1,592,566$2,045,912
33$2,101,021$1,707,941$1,603,807$2,185,182
34$2,271,888$1,748,194$1,614,098$2,336,840
35$2,458,816$1,789,051$1,623,365$2,502,106
36$2,663,400$1,830,498$1,631,532$2,682,324
37$2,887,395$1,872,521$1,638,517$2,878,974
38$3,132,735$1,915,101$1,644,233$3,093,685
39$3,401,552$1,958,218$1,648,593$3,328,254
40$3,696,190$2,001,851$1,651,500$3,584,658
41$4,019,233$2,045,973$1,652,857$3,865,075
42$4,373,526$2,090,558$1,652,560$4,171,907
43$4,762,204$2,135,573$1,650,499$4,507,796
44$5,188,718$2,180,986$1,646,560$4,875,656
45$5,656,871$2,226,758$1,640,623$5,278,695
46$6,170,851$2,272,848$1,632,563$5,720,450
47$6,735,272$2,319,211$1,622,248$6,204,815
48$7,355,216$2,365,799$1,609,539$6,736,083
49$8,036,282$2,412,557$1,594,293$7,318,982
50$8,784,638$2,459,428$1,576,357$7,958,722
51$9,607,079$2,506,347$1,555,573$8,661,045
52$10,511,091$2,553,248$1,531,774$9,432,276
53$11,504,921$2,600,056$1,504,787$10,279,386
54$12,597,655$2,646,691$1,474,430$11,210,054
55$13,799,304$2,693,067$1,440,511$12,232,745
56$15,120,896$2,739,090$1,402,832$13,356,782
57$16,574,584$2,784,662$1,361,183$14,592,444
58$18,173,756$2,829,675$1,315,347$15,951,053
59$19,933,163$2,874,013$1,265,096$17,445,088
60$21,869,059$2,917,553$1,210,190$19,088,298
61$23,999,352$2,960,162$1,150,379$20,895,836
62$26,343,773$3,001,698$1,085,405$22,884,399
63$28,924,065$3,042,008$1,014,993$25,072,388
64$31,764,183$3,080,930$938,859$27,480,078
65$34,890,524$3,118,289$856,705$30,129,814
66$38,332,173$3,153,901$768,220$33,046,218
67$42,121,179$3,187,567$673,080$36,256,425
68$46,292,857$3,219,074$570,945$39,790,337
69$50,886,117$3,248,198$461,460$43,680,906
70$55,943,839$3,274,698$344,257$47,964,444
71$61,513,270$3,298,317$218,949$52,680,968
72$67,646,472$3,318,784$85,133$57,874,577
73$74,400,815$3,335,806$0$63,593,867
74$81,839,514$3,349,077$0$69,898,549
75$90,032,230$3,358,267$0$76,851,577
76$99,055,723$3,363,028$0$84,508,948
77$108,994,578$3,362,988$0$92,942,383
78$119,942,005$3,357,754$0$102,230,920
79$132,000,714$3,346,909$0$112,461,657
80$145,283,887$3,330,007$0$123,730,573
81$159,916,245$3,306,579$0$136,143,433
82$176,035,225$3,276,125$0$149,816,791
83$193,792,279$3,238,116$0$164,879,086
84$213,354,298$3,191,990$0$181,471,858
85$234,905,193$3,137,153$0$199,751,078
86$258,647,624$3,072,975$0$219,888,628
87$284,804,919$2,998,789$0$242,073,919
88$313,623,179$2,913,887$0$266,515,680
89$345,373,597$2,817,523$0$293,443,929
90$380,355,026$2,708,903$0$323,112,144
91$418,896,790$2,587,190$0$355,799,658
92$461,361,799$2,451,499$0$391,814,291
93$508,149,971$2,300,891$0$431,495,263
94$559,702,008$2,134,375$0$475,216,393
95$616,503,557$1,950,903$0$523,389,626
96$679,089,789$1,749,367$0$576,468,927
97$748,050,458$1,528,597$0$634,954,566
98$824,035,461$1,287,354$0$699,397,836
99$907,760,976$1,024,332$0$770,406,266
100$1,000,016,220$738,149$0$848,649,349