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%
1 years$125,520$124,402$123,311$122,247$121,207$119,199
2 years$62,139$60,981$59,860$58,772$57,718$55,700
3 years$41,014$39,852$38,733$37,656$36,618$34,655
4 years$30,454$29,295$28,188$27,129$26,117$24,222
5 years$24,120$22,968$21,875$20,838$19,853$18,033
6 years$19,898$18,755$17,678$16,664$15,709$13,965
7 years$16,884$15,751$14,691$13,700$12,776$11,108
8 years$14,624$13,501$12,459$11,493$10,599$9,008
9 years$12,868$11,755$10,731$9,789$8,926$7,410
10 years$11,463$10,362$9,355$8,439$7,605$6,164
11 years$10,315$9,224$8,236$7,344$6,541$5,173
12 years$9,359$8,279$7,310$6,442$5,668$4,371
13 years$8,550$7,482$6,531$5,687$4,943$3,715
14 years$7,858$6,801$5,868$5,048$4,333$3,172
15 years$7,258$6,213$5,298$4,502$3,815$2,719
16 years$6,734$5,700$4,803$4,031$3,372$2,338
17 years$6,272$5,250$4,371$3,622$2,989$2,016
18 years$5,862$4,851$3,990$3,264$2,658$1,743
19 years$5,495$4,496$3,653$2,950$2,369$1,509
20 years$5,166$4,178$3,352$2,671$2,116$1,310
21 years$4,868$3,891$3,083$2,424$1,894$1,138
22 years$4,598$3,632$2,842$2,204$1,698$990
23 years$4,352$3,397$2,624$2,008$1,524$862
24 years$4,126$3,183$2,427$1,831$1,370$751
25 years$3,919$2,987$2,248$1,672$1,232$655
26 years$3,728$2,807$2,084$1,529$1,110$572
27 years$3,551$2,642$1,936$1,399$1,001$500
28 years$3,388$2,490$1,799$1,282$903$437
29 years$3,236$2,349$1,675$1,176$815$382
30 years$3,094$2,218$1,560$1,079$737$334
31 years$2,962$2,097$1,454$991$666$292
32 years$2,838$1,984$1,357$911$603$256
33 years$2,722$1,879$1,267$838$545$224
34 years$2,613$1,781$1,184$771$494$196
35 years$2,511$1,689$1,107$709$447$172
36 years$2,414$1,603$1,035$653$405$151
37 years$2,323$1,523$969$602$367$132
38 years$2,237$1,447$907$555$333$116
39 years$2,155$1,376$850$512$302$101
40 years$2,078$1,309$797$472$274$89
41 years$2,005$1,246$747$435$248$78
42 years$1,935$1,187$701$402$225$68
43 years$1,869$1,131$658$371$205$60
44 years$1,806$1,078$617$342$186$52
45 years$1,746$1,028$580$316$169$46
46 years$1,689$981$544$292$153$40
47 years$1,634$936$511$270$139$35
48 years$1,582$893$481$249$126$31
49 years$1,532$853$452$231$115$27
50 years$1,484$815$425$213$104$24

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 $6,287 every year, while hoping to spend $22,361 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: 85/9/6 Blend
29$1,520,000$1,520,000$1,520,000$1,520,000
30$1,681,525$1,600,965$1,577,405$1,823,443
31$1,829,249$1,655,620$1,606,456$1,971,596
32$1,991,291$1,712,204$1,635,731$2,130,608
33$2,169,088$1,770,788$1,665,214$2,304,582
34$2,364,223$1,831,445$1,694,886$2,495,006
35$2,578,439$1,894,251$1,724,731$2,703,519
36$2,813,657$1,959,287$1,754,727$2,931,927
37$3,071,993$2,026,634$1,784,852$3,182,217
38$3,355,775$2,096,378$1,815,084$3,456,580
39$3,667,572$2,168,609$1,845,397$3,757,426
40$4,010,212$2,243,418$1,875,766$4,087,412
41$4,386,811$2,320,903$1,906,161$4,449,464
42$4,800,801$2,401,162$1,936,552$4,846,806
43$5,255,963$2,484,300$1,966,907$5,282,986
44$5,756,465$2,570,424$1,997,192$5,761,916
45$6,306,896$2,659,647$2,027,370$6,287,904
46$6,912,314$2,752,084$2,057,402$6,865,697
47$7,578,292$2,847,858$2,087,246$7,500,522
48$8,310,968$2,947,094$2,116,860$8,198,139
49$9,117,108$3,049,922$2,146,195$8,964,896
50$10,004,164$3,156,479$2,175,204$9,807,782
51$10,980,349$3,266,907$2,203,833$10,734,501
52$12,054,711$3,381,352$2,232,028$11,753,539
53$13,237,221$3,499,967$2,259,730$12,874,246
54$14,538,863$3,622,912$2,286,878$14,106,923
55$15,971,744$3,750,351$2,313,405$15,462,922
56$17,549,202$3,882,458$2,339,243$16,954,747
57$19,285,932$4,019,410$2,364,320$18,596,179
58$21,198,131$4,161,395$2,388,558$20,402,399
59$23,303,642$4,308,605$2,411,877$22,390,137
60$25,622,129$4,461,243$2,434,191$24,577,825
61$28,175,260$4,619,517$2,455,410$26,985,772
62$30,986,910$4,783,647$2,475,439$29,636,359
63$34,083,388$4,953,859$2,494,180$32,554,245
64$37,493,685$5,130,389$2,511,526$35,766,600
65$41,249,747$5,313,484$2,527,368$39,303,366
66$45,386,776$5,503,400$2,541,590$43,197,533
67$49,943,562$5,700,402$2,554,068$47,485,454
68$54,962,852$5,904,768$2,564,676$52,207,188
69$60,491,749$6,116,787$2,573,279$57,406,876
70$66,582,157$6,336,760$2,579,734$63,133,156
71$73,291,276$6,564,999$2,583,893$69,439,627
72$80,682,132$6,801,831$2,585,600$76,385,349
73$88,824,184$7,047,595$2,584,691$84,035,404
74$97,793,968$7,302,644$2,580,995$92,461,507
75$107,675,825$7,567,346$2,574,332$101,742,685
76$118,562,699$7,842,086$2,564,511$111,966,022
77$130,557,008$8,127,261$2,551,336$123,227,479
78$143,771,615$8,423,289$2,534,598$135,632,802
79$158,330,892$8,730,603$2,514,080$149,298,518
80$174,371,895$9,049,655$2,489,553$164,353,036
81$192,045,654$9,380,914$2,460,779$180,937,855
82$211,518,604$9,724,871$2,427,508$199,208,906
83$232,974,150$10,082,038$2,389,478$219,338,017
84$256,614,401$10,452,946$2,346,414$241,514,538
85$282,662,080$10,838,151$2,298,029$265,947,127
86$311,362,623$11,238,231$2,244,023$292,865,720
87$342,986,494$11,653,788$2,184,082$322,523,700
88$377,831,745$12,085,452$2,117,877$355,200,291
89$416,226,820$12,533,876$2,045,063$391,203,187
90$458,533,665$12,999,745$1,965,282$430,871,466
91$505,151,137$13,483,771$1,878,157$474,578,781
92$556,518,773$13,986,695$1,783,295$522,736,893
93$613,120,937$14,509,293$1,680,285$575,799,554
94$675,491,396$15,052,371$1,568,697$634,266,792
95$744,218,353$15,616,772$1,448,083$698,689,631
96$819,950,005$16,203,374$1,317,974$769,675,291
97$903,400,659$16,813,093$1,177,880$847,892,919
98$995,357,476$17,446,885$1,027,289$934,079,908
99$1,096,687,902$18,105,745$865,666$1,029,048,856
100$1,208,347,856$18,790,715$692,454$1,133,695,237