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%19.6%
1 years$124,694$123,584$122,500$121,442$120,410$115,769
2 years$61,730$60,580$59,466$58,386$57,338$52,718
3 years$40,744$39,590$38,478$37,408$36,377$31,924
4 years$30,254$29,103$28,002$26,951$25,945$21,691
5 years$23,961$22,817$21,731$20,701$19,723$15,680
6 years$19,767$18,632$17,562$16,554$15,606$11,777
7 years$16,773$15,647$14,594$13,610$12,692$9,075
8 years$14,528$13,412$12,377$11,417$10,529$7,121
9 years$12,783$11,678$10,660$9,725$8,867$5,663
10 years$11,388$10,293$9,294$8,383$7,555$4,549
11 years$10,247$9,164$8,182$7,296$6,498$3,682
12 years$9,297$8,225$7,261$6,399$5,631$2,999
13 years$8,494$7,433$6,488$5,650$4,910$2,454
14 years$7,806$6,756$5,829$5,015$4,304$2,016
15 years$7,211$6,172$5,263$4,473$3,790$1,662
16 years$6,690$5,663$4,772$4,005$3,349$1,373
17 years$6,231$5,215$4,342$3,598$2,970$1,137
18 years$5,823$4,819$3,964$3,243$2,641$943
19 years$5,459$4,466$3,629$2,930$2,354$783
20 years$5,132$4,150$3,330$2,654$2,102$651
21 years$4,836$3,866$3,063$2,408$1,881$542
22 years$4,568$3,608$2,823$2,190$1,686$451
23 years$4,323$3,375$2,607$1,994$1,514$376
24 years$4,099$3,162$2,411$1,819$1,361$314
25 years$3,893$2,967$2,233$1,661$1,224$262
26 years$3,703$2,789$2,071$1,519$1,103$218
27 years$3,528$2,625$1,923$1,390$994$182
28 years$3,365$2,473$1,788$1,274$897$152
29 years$3,214$2,333$1,664$1,168$810$127
30 years$3,074$2,204$1,549$1,072$732$106
31 years$2,942$2,083$1,445$985$662$89
32 years$2,819$1,971$1,348$905$599$74
33 years$2,704$1,867$1,258$832$542$62
34 years$2,596$1,769$1,176$766$491$52
35 years$2,494$1,678$1,099$705$444$43
36 years$2,398$1,593$1,028$649$403$36
37 years$2,308$1,513$963$598$365$30
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$18
41 years$1,992$1,238$742$433$247$15
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$9
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$4
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 $6,463 every year, while hoping to spend $22,755 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: 50/44/6 Blend
29$1,510,000$1,510,000$1,510,000$1,510,000
30$1,670,687$1,590,657$1,567,252$1,751,420
31$1,816,885$1,644,388$1,595,543$1,860,833
32$1,977,234$1,699,989$1,624,020$1,976,671
33$2,153,151$1,757,528$1,652,664$2,101,994
34$2,346,201$1,817,075$1,681,457$2,237,694
35$2,558,104$1,878,702$1,710,377$2,384,754
36$2,790,759$1,942,487$1,739,402$2,544,251
37$3,046,253$2,008,505$1,768,509$2,717,371
38$3,326,890$2,076,841$1,797,673$2,905,420
39$3,635,203$2,147,577$1,826,866$3,109,830
40$3,973,987$2,220,802$1,856,059$3,332,181
41$4,346,319$2,296,606$1,885,222$3,574,208
42$4,755,589$2,375,085$1,914,323$3,837,821
43$5,205,532$2,456,337$1,943,325$4,125,120
44$5,700,262$2,540,464$1,972,192$4,438,419
45$6,244,314$2,627,571$2,000,886$4,780,261
46$6,842,681$2,717,769$2,029,363$5,153,447
47$7,500,868$2,811,173$2,057,579$5,561,059
48$8,224,937$2,907,901$2,085,488$6,006,491
49$9,021,568$3,008,076$2,113,040$6,493,477
50$9,898,124$3,111,827$2,140,183$7,026,128
51$10,862,713$3,219,287$2,166,859$7,608,973
52$11,924,272$3,330,595$2,193,012$8,246,995
53$13,092,648$3,445,894$2,218,577$8,945,681
54$14,378,688$3,565,333$2,243,490$9,711,076
55$15,794,349$3,689,069$2,267,682$10,549,832
56$17,352,802$3,817,262$2,291,078$11,469,279
57$19,068,560$3,950,081$2,313,602$12,477,487
58$20,957,618$4,087,700$2,335,173$13,583,342
59$23,037,598$4,230,300$2,355,704$14,796,634
60$25,327,919$4,378,071$2,375,106$16,128,144
61$27,849,977$4,531,207$2,393,282$17,589,747
62$30,627,352$4,689,913$2,410,134$19,194,522
63$33,686,024$4,854,401$2,425,556$20,956,876
64$37,054,624$5,024,892$2,439,437$22,892,680
65$40,764,698$5,201,614$2,451,661$25,019,415
66$44,851,010$5,384,806$2,462,105$27,356,339
67$49,351,869$5,574,717$2,470,640$29,924,664
68$54,309,485$5,771,604$2,477,133$32,747,763
69$59,770,376$5,975,736$2,481,440$35,851,379
70$65,785,799$6,187,392$2,483,413$39,263,876
71$72,412,239$6,406,863$2,482,896$43,016,502
72$79,711,939$6,634,451$2,479,725$47,143,682
73$87,753,489$6,870,470$2,473,727$51,683,344
74$96,612,471$7,115,249$2,464,723$56,677,275
75$106,372,175$7,369,129$2,452,524$62,171,511
76$117,124,384$7,632,463$2,436,930$68,216,779
77$128,970,239$7,905,621$2,417,735$74,868,963
78$142,021,194$8,188,988$2,394,720$82,189,640
79$156,400,071$8,482,964$2,367,659$90,246,655
80$172,242,214$8,787,964$2,336,311$99,114,760
81$189,696,770$9,104,424$2,300,427$108,876,320
82$208,928,094$9,432,795$2,259,745$119,622,088
83$230,117,305$9,773,547$2,213,992$131,452,060
84$253,463,989$10,127,170$2,162,880$144,476,417
85$279,188,089$10,494,174$2,106,109$158,816,564
86$307,531,976$10,875,091$2,043,366$174,606,275
87$338,762,741$11,270,474$1,974,322$191,992,951
88$373,174,713$11,680,899$1,898,634$211,139,013
89$411,092,238$12,106,968$1,815,943$232,223,431
90$452,872,743$12,549,306$1,725,873$255,443,413
91$498,910,105$13,008,564$1,628,032$281,016,262
92$549,638,375$13,485,424$1,522,011$309,181,430
93$605,535,872$13,980,591$1,407,380$340,202,769
94$667,129,695$14,494,805$1,283,693$374,371,025
95$735,000,708$15,028,834$1,150,480$412,006,581
96$809,789,013$15,583,480$1,007,254$453,462,471
97$892,200,000$16,159,578$853,504$499,127,722
98$983,011,001$16,757,998$688,698$549,431,011
99$1,083,078,632$17,379,649$512,278$604,844,719
100$1,193,346,877$18,025,477$323,665$665,889,384