Can I retire at age 30 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$125,520$124,402$123,311$122,247$121,207$118,760
2 years$62,139$60,981$59,860$58,772$57,718$55,263
3 years$41,014$39,852$38,733$37,656$36,618$34,233
4 years$30,454$29,295$28,188$27,129$26,117$23,818
5 years$24,120$22,968$21,875$20,838$19,853$17,649
6 years$19,898$18,755$17,678$16,664$15,709$13,601
7 years$16,884$15,751$14,691$13,700$12,776$10,764
8 years$14,624$13,501$12,459$11,493$10,599$8,683
9 years$12,868$11,755$10,731$9,789$8,926$7,105
10 years$11,463$10,362$9,355$8,439$7,605$5,878
11 years$10,315$9,224$8,236$7,344$6,541$4,904
12 years$9,359$8,279$7,310$6,442$5,668$4,120
13 years$8,550$7,482$6,531$5,687$4,943$3,481
14 years$7,858$6,801$5,868$5,048$4,333$2,954
15 years$7,258$6,213$5,298$4,502$3,815$2,517
16 years$6,734$5,700$4,803$4,031$3,372$2,151
17 years$6,272$5,250$4,371$3,622$2,989$1,843
18 years$5,862$4,851$3,990$3,264$2,658$1,582
19 years$5,495$4,496$3,653$2,950$2,369$1,361
20 years$5,166$4,178$3,352$2,671$2,116$1,173
21 years$4,868$3,891$3,083$2,424$1,894$1,012
22 years$4,598$3,632$2,842$2,204$1,698$875
23 years$4,352$3,397$2,624$2,008$1,524$756
24 years$4,126$3,183$2,427$1,831$1,370$655
25 years$3,919$2,987$2,248$1,672$1,232$567
26 years$3,728$2,807$2,084$1,529$1,110$491
27 years$3,551$2,642$1,936$1,399$1,001$426
28 years$3,388$2,490$1,799$1,282$903$370
29 years$3,236$2,349$1,675$1,176$815$321
30 years$3,094$2,218$1,560$1,079$737$279
31 years$2,962$2,097$1,454$991$666$242
32 years$2,838$1,984$1,357$911$603$210
33 years$2,722$1,879$1,267$838$545$183
34 years$2,613$1,781$1,184$771$494$159
35 years$2,511$1,689$1,107$709$447$138
36 years$2,414$1,603$1,035$653$405$120
37 years$2,323$1,523$969$602$367$104
38 years$2,237$1,447$907$555$333$91
39 years$2,155$1,376$850$512$302$79
40 years$2,078$1,309$797$472$274$69
41 years$2,005$1,246$747$435$248$60
42 years$1,935$1,187$701$402$225$52
43 years$1,869$1,131$658$371$205$45
44 years$1,806$1,078$617$342$186$39
45 years$1,746$1,028$580$316$169$34
46 years$1,689$981$544$292$153$30
47 years$1,634$936$511$270$139$26
48 years$1,582$893$481$249$126$23
49 years$1,532$853$452$231$115$20
50 years$1,484$815$425$213$104$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,520,000, adding $6,747 every year, while hoping to spend $21,102 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: 27/46/27 Blend
29$1,520,000$1,520,000$1,520,000$1,520,000
30$1,682,000$1,601,440$1,577,880$1,713,109
31$1,831,111$1,657,458$1,608,286$1,794,730
32$1,994,725$1,715,514$1,639,004$1,880,040
33$2,174,298$1,775,685$1,670,022$1,971,203
34$2,371,434$1,838,051$1,701,326$2,068,733
35$2,587,903$1,902,698$1,732,902$2,173,193
36$2,825,650$1,969,712$1,764,736$2,285,200
37$3,086,822$2,039,183$1,796,810$2,405,430
38$3,373,782$2,111,207$1,829,107$2,534,629
39$3,689,133$2,185,881$1,861,607$2,673,613
40$4,035,743$2,263,308$1,894,289$2,823,278
41$4,416,772$2,343,593$1,927,132$2,984,611
42$4,835,702$2,426,849$1,960,110$3,158,692
43$5,296,368$2,513,189$1,993,198$3,346,713
44$5,802,996$2,602,733$2,026,368$3,549,981
45$6,360,241$2,695,607$2,059,591$3,769,932
46$6,973,233$2,791,939$2,092,836$4,008,147
47$7,647,625$2,891,866$2,126,067$4,266,364
48$8,389,643$2,995,528$2,159,251$4,546,494
49$9,206,148$3,103,071$2,192,348$4,850,637
50$10,104,701$3,214,647$2,225,317$5,181,105
51$11,093,632$3,330,416$2,258,116$5,540,442
52$12,182,118$3,450,542$2,290,699$5,931,446
53$13,380,273$3,575,198$2,323,017$6,357,195
54$14,699,241$3,704,562$2,355,018$6,821,077
55$16,151,301$3,838,823$2,386,648$7,326,820
56$17,749,981$3,978,173$2,417,848$7,878,528
57$19,510,192$4,122,816$2,448,558$8,480,717
58$21,448,360$4,272,962$2,478,713$9,138,359
59$23,582,586$4,428,831$2,508,244$9,856,928
60$25,932,819$4,590,653$2,537,079$10,642,447
61$28,521,037$4,758,665$2,565,142$11,501,551
62$31,371,460$4,933,117$2,592,351$12,441,545
63$34,510,776$5,114,267$2,618,622$13,470,469
64$37,968,394$5,302,385$2,643,865$14,597,180
65$41,776,721$5,497,753$2,667,986$15,831,430
66$45,971,468$5,700,663$2,690,884$17,183,957
67$50,591,984$5,911,423$2,712,455$18,666,588
68$55,681,633$6,130,349$2,732,589$20,292,349
69$61,288,199$6,357,775$2,751,170$22,075,585
70$67,464,335$6,594,046$2,768,074$24,032,096
71$74,268,067$6,839,524$2,783,174$26,179,285
72$81,763,334$7,094,585$2,796,335$28,536,321
73$90,020,596$7,359,622$2,807,414$31,124,319
74$99,117,497$7,635,043$2,816,263$33,966,535
75$109,139,598$7,921,277$2,822,724$37,088,592
76$120,181,185$8,218,767$2,826,633$40,518,711
77$132,346,158$8,527,979$2,827,818$44,287,984
78$145,749,013$8,849,397$2,826,097$48,430,661
79$160,515,921$9,183,526$2,821,279$52,984,472
80$176,785,920$9,530,894$2,813,167$57,990,988
81$194,712,226$9,892,050$2,801,550$63,496,003
82$214,463,681$10,267,568$2,786,209$69,549,969
83$236,226,344$10,658,046$2,766,915$76,208,473
84$260,205,251$11,064,111$2,743,427$83,532,755
85$286,626,347$11,486,412$2,715,492$91,590,287
86$315,738,620$11,925,632$2,682,847$100,455,407
87$347,816,450$12,382,479$2,645,213$110,210,021
88$383,162,203$12,857,696$2,602,303$120,944,371
89$422,109,080$13,352,055$2,553,812$132,757,886
90$465,024,265$13,866,364$2,499,423$145,760,121
91$512,312,390$14,401,466$2,438,804$160,071,783
92$564,419,357$14,958,241$2,371,607$175,825,874
93$621,836,544$15,537,608$2,297,469$193,168,941
94$685,105,447$16,140,526$2,216,009$212,262,457
95$754,822,787$16,767,996$2,126,830$233,284,344
96$831,646,148$17,421,065$2,029,516$256,430,648
97$916,300,183$18,100,825$1,923,632$281,917,388
98$1,009,583,451$18,808,415$1,808,724$309,982,592
99$1,112,375,964$19,545,028$1,684,317$340,888,541
100$1,225,647,486$20,311,908$1,549,915$374,924,240