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%14.6%
1 years$125,520$124,402$123,311$122,247$121,207$118,906
2 years$62,139$60,981$59,860$58,772$57,718$55,408
3 years$41,014$39,852$38,733$37,656$36,618$34,373
4 years$30,454$29,295$28,188$27,129$26,117$23,952
5 years$24,120$22,968$21,875$20,838$19,853$17,776
6 years$19,898$18,755$17,678$16,664$15,709$13,721
7 years$16,884$15,751$14,691$13,700$12,776$10,878
8 years$14,624$13,501$12,459$11,493$10,599$8,790
9 years$12,868$11,755$10,731$9,789$8,926$7,206
10 years$11,463$10,362$9,355$8,439$7,605$5,972
11 years$10,315$9,224$8,236$7,344$6,541$4,992
12 years$9,359$8,279$7,310$6,442$5,668$4,202
13 years$8,550$7,482$6,531$5,687$4,943$3,557
14 years$7,858$6,801$5,868$5,048$4,333$3,025
15 years$7,258$6,213$5,298$4,502$3,815$2,582
16 years$6,734$5,700$4,803$4,031$3,372$2,211
17 years$6,272$5,250$4,371$3,622$2,989$1,899
18 years$5,862$4,851$3,990$3,264$2,658$1,634
19 years$5,495$4,496$3,653$2,950$2,369$1,409
20 years$5,166$4,178$3,352$2,671$2,116$1,217
21 years$4,868$3,891$3,083$2,424$1,894$1,053
22 years$4,598$3,632$2,842$2,204$1,698$911
23 years$4,352$3,397$2,624$2,008$1,524$790
24 years$4,126$3,183$2,427$1,831$1,370$685
25 years$3,919$2,987$2,248$1,672$1,232$595
26 years$3,728$2,807$2,084$1,529$1,110$517
27 years$3,551$2,642$1,936$1,399$1,001$449
28 years$3,388$2,490$1,799$1,282$903$391
29 years$3,236$2,349$1,675$1,176$815$340
30 years$3,094$2,218$1,560$1,079$737$296
31 years$2,962$2,097$1,454$991$666$258
32 years$2,838$1,984$1,357$911$603$225
33 years$2,722$1,879$1,267$838$545$196
34 years$2,613$1,781$1,184$771$494$170
35 years$2,511$1,689$1,107$709$447$149
36 years$2,414$1,603$1,035$653$405$129
37 years$2,323$1,523$969$602$367$113
38 years$2,237$1,447$907$555$333$98
39 years$2,155$1,376$850$512$302$86
40 years$2,078$1,309$797$472$274$75
41 years$2,005$1,246$747$435$248$65
42 years$1,935$1,187$701$402$225$57
43 years$1,869$1,131$658$371$205$50
44 years$1,806$1,078$617$342$186$43
45 years$1,746$1,028$580$316$169$38
46 years$1,689$981$544$292$153$33
47 years$1,634$936$511$270$139$29
48 years$1,582$893$481$249$126$25
49 years$1,532$853$452$231$115$22
50 years$1,484$815$425$213$104$19

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 $5,466 every year, while hoping to spend $56,252 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: 67/16/17 Blend
29$1,520,000$1,520,000$1,520,000$1,520,000
30$1,680,678$1,600,118$1,576,558$1,786,008
31$1,792,256$1,618,672$1,569,521$1,875,629
32$1,913,329$1,636,250$1,560,363$1,966,518
33$2,044,807$1,652,745$1,548,954$2,064,516
34$2,187,689$1,668,042$1,535,156$2,170,320
35$2,343,076$1,682,019$1,518,827$2,284,695
36$2,512,179$1,694,546$1,499,816$2,408,487
37$2,696,329$1,705,486$1,477,967$2,542,630
38$2,896,990$1,714,691$1,453,115$2,688,151
39$3,115,777$1,722,005$1,425,089$2,846,186
40$3,354,464$1,727,261$1,393,707$3,017,984
41$3,615,005$1,730,282$1,358,781$3,204,926
42$3,899,549$1,730,880$1,320,115$3,408,534
43$4,210,466$1,728,856$1,277,501$3,630,487
44$4,550,361$1,723,997$1,230,724$3,872,635
45$4,922,103$1,716,078$1,179,559$4,137,020
46$5,328,853$1,704,861$1,123,770$4,425,893
47$5,774,089$1,690,093$1,063,109$4,741,738
48$6,261,642$1,671,504$997,319$5,087,293
49$6,795,732$1,648,809$926,132$5,465,578
50$7,381,004$1,621,708$849,265$5,879,923
51$8,022,575$1,589,881$766,424$6,334,002
52$8,726,081$1,552,988$677,302$6,831,866
53$9,497,728$1,510,672$581,579$7,377,979
54$10,344,353$1,462,551$478,918$7,977,268
55$11,273,487$1,408,226$368,972$8,635,165
56$12,293,423$1,347,270$251,373$9,357,657
57$13,413,299$1,279,233$125,741$10,151,349
58$14,643,180$1,203,640$0$11,023,524
59$15,994,153$1,119,987$0$11,983,720
60$17,478,432$1,027,742$0$13,063,719
61$19,109,474$926,343$0$14,250,528
62$20,902,101$815,194$0$15,554,993
63$22,872,646$693,669$0$16,989,065
64$25,039,099$561,102$0$18,565,918
65$27,421,284$416,793$0$20,300,067
66$30,041,041$260,002$0$22,207,514
67$32,922,430$89,945$0$24,305,893
68$36,091,963$0$0$26,614,639
69$39,578,849$0$0$29,171,756
70$43,415,270$0$0$32,002,736
71$47,636,687$0$0$35,117,923
72$52,282,170$0$0$38,546,164
73$57,394,768$0$0$42,319,240
74$63,021,915$0$0$46,472,173
75$69,215,878$0$0$51,043,551
76$76,034,244$0$0$56,075,893
77$83,540,472$0$0$61,616,050
78$91,804,484$0$0$67,715,645
79$100,903,325$0$0$74,431,565
80$110,921,894$0$0$81,826,489
81$121,953,740$0$0$89,969,487
82$134,101,945$0$0$98,936,667
83$147,480,097$0$0$108,811,893
84$162,213,364$0$0$119,687,578
85$178,439,668$0$0$131,665,555
86$196,310,993$0$0$144,858,036
87$215,994,812$0$0$159,388,671
88$237,675,674$0$0$175,393,717
89$261,556,940$0$0$193,023,321
90$287,862,703$0$0$212,442,937
91$316,839,903$0$0$233,834,888
92$348,760,656$0$0$257,400,086
93$383,924,823$0$0$283,359,925
94$422,662,839$0$0$311,958,377
95$465,338,829$0$0$343,464,287
96$512,354,048$0$0$378,173,913
97$564,150,665$0$0$416,413,724
98$621,215,937$0$0$458,543,476
99$684,086,807$0$0$504,959,614
100$753,354,970$0$0$556,099,005