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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$125,520$124,402$123,311$122,247$121,207$119,396
2 years$62,139$60,981$59,860$58,772$57,718$55,897
3 years$41,014$39,852$38,733$37,656$36,618$34,845
4 years$30,454$29,295$28,188$27,129$26,117$24,404
5 years$24,120$22,968$21,875$20,838$19,853$18,206
6 years$19,898$18,755$17,678$16,664$15,709$14,130
7 years$16,884$15,751$14,691$13,700$12,776$11,265
8 years$14,624$13,501$12,459$11,493$10,599$9,156
9 years$12,868$11,755$10,731$9,789$8,926$7,550
10 years$11,463$10,362$9,355$8,439$7,605$6,296
11 years$10,315$9,224$8,236$7,344$6,541$5,296
12 years$9,359$8,279$7,310$6,442$5,668$4,487
13 years$8,550$7,482$6,531$5,687$4,943$3,823
14 years$7,858$6,801$5,868$5,048$4,333$3,273
15 years$7,258$6,213$5,298$4,502$3,815$2,814
16 years$6,734$5,700$4,803$4,031$3,372$2,426
17 years$6,272$5,250$4,371$3,622$2,989$2,098
18 years$5,862$4,851$3,990$3,264$2,658$1,819
19 years$5,495$4,496$3,653$2,950$2,369$1,580
20 years$5,166$4,178$3,352$2,671$2,116$1,375
21 years$4,868$3,891$3,083$2,424$1,894$1,198
22 years$4,598$3,632$2,842$2,204$1,698$1,045
23 years$4,352$3,397$2,624$2,008$1,524$913
24 years$4,126$3,183$2,427$1,831$1,370$799
25 years$3,919$2,987$2,248$1,672$1,232$699
26 years$3,728$2,807$2,084$1,529$1,110$612
27 years$3,551$2,642$1,936$1,399$1,001$536
28 years$3,388$2,490$1,799$1,282$903$470
29 years$3,236$2,349$1,675$1,176$815$413
30 years$3,094$2,218$1,560$1,079$737$362
31 years$2,962$2,097$1,454$991$666$318
32 years$2,838$1,984$1,357$911$603$279
33 years$2,722$1,879$1,267$838$545$245
34 years$2,613$1,781$1,184$771$494$215
35 years$2,511$1,689$1,107$709$447$189
36 years$2,414$1,603$1,035$653$405$166
37 years$2,323$1,523$969$602$367$146
38 years$2,237$1,447$907$555$333$129
39 years$2,155$1,376$850$512$302$113
40 years$2,078$1,309$797$472$274$100
41 years$2,005$1,246$747$435$248$88
42 years$1,935$1,187$701$402$225$77
43 years$1,869$1,131$658$371$205$68
44 years$1,806$1,078$617$342$186$60
45 years$1,746$1,028$580$316$169$52
46 years$1,689$981$544$292$153$46
47 years$1,634$936$511$270$139$41
48 years$1,582$893$481$249$126$36
49 years$1,532$853$452$231$115$31
50 years$1,484$815$425$213$104$28

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 $6,073 every year, while hoping to spend $38,970 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$1,681,304$1,600,744$1,577,184$1,823,222
31$1,811,334$1,637,717$1,588,556$1,953,660
32$1,953,320$1,675,195$1,599,003$2,090,967
33$2,108,441$1,713,163$1,608,452$2,240,565
34$2,277,995$1,751,601$1,616,829$2,403,664
35$2,463,411$1,790,489$1,624,052$2,581,595
36$2,666,260$1,829,804$1,630,039$2,775,825
37$2,888,274$1,869,520$1,634,701$2,987,966
38$3,131,360$1,909,609$1,637,946$3,219,798
39$3,397,619$1,950,040$1,639,677$3,473,278
40$3,689,362$1,990,778$1,639,793$3,750,563
41$4,009,136$2,031,785$1,638,185$4,054,028
42$4,359,747$2,073,021$1,634,742$4,386,290
43$4,744,282$2,114,440$1,629,347$4,750,231
44$5,166,145$2,155,994$1,621,877$5,149,026
45$5,629,083$2,197,629$1,612,201$5,586,173
46$6,137,225$2,239,288$1,600,185$6,065,525
47$6,695,117$2,280,909$1,585,686$6,591,327
48$7,307,769$2,322,423$1,568,557$7,168,255
49$7,980,699$2,363,759$1,548,641$7,801,462
50$8,719,984$2,404,838$1,525,775$8,496,624
51$9,532,323$2,445,575$1,499,789$9,259,995
52$10,425,091$2,485,880$1,470,503$10,098,467
53$11,406,417$2,525,655$1,437,731$11,019,631
54$12,485,254$2,564,794$1,401,277$12,031,852
55$13,671,467$2,603,186$1,360,937$13,144,349
56$14,975,924$2,640,709$1,316,496$14,367,277
57$16,410,599$2,677,235$1,267,730$15,711,826
58$17,988,687$2,712,626$1,214,405$17,190,327
59$19,724,721$2,746,733$1,156,276$18,816,367
60$21,634,719$2,779,399$1,093,087$20,604,918
61$23,736,325$2,810,455$1,024,571$22,572,475
62$26,048,984$2,839,721$950,448$24,737,217
63$28,594,118$2,867,005$870,425$27,119,176
64$31,395,332$2,892,102$784,198$29,740,424
65$34,478,635$2,914,794$691,448$32,625,283
66$37,872,686$2,934,849$591,842$35,800,557
67$41,609,063$2,952,019$485,031$39,295,779
68$45,722,561$2,966,042$370,654$43,143,495
69$50,251,521$2,976,637$248,330$47,379,570
70$55,238,191$2,983,507$117,663$52,043,525
71$60,729,123$2,986,336$0$57,178,910
72$66,775,614$2,984,787$0$62,835,112
73$73,434,190$2,978,504$0$69,071,751
74$80,767,134$2,967,108$0$75,939,594
75$88,843,083$2,950,198$0$83,502,894
76$97,737,667$2,927,346$0$91,832,451
77$107,534,224$2,898,102$0$101,006,290
78$118,324,591$2,861,984$0$111,110,386
79$130,209,964$2,818,487$0$122,239,483
80$143,301,858$2,767,070$0$134,497,985
81$157,723,155$2,707,164$0$148,000,944
82$173,609,266$2,638,164$0$162,875,142
83$191,109,408$2,559,431$0$179,260,290
84$210,388,013$2,470,289$0$197,310,347
85$231,626,277$2,370,019$0$217,194,972
86$255,023,873$2,257,866$0$239,101,129
87$280,800,832$2,133,026$0$263,234,844
88$309,199,624$1,994,651$0$289,823,159
89$340,487,442$1,841,844$0$319,116,270
90$374,958,724$1,673,659$0$351,389,887
91$412,937,937$1,489,091$0$386,947,844
92$454,782,632$1,287,082$0$426,124,960
93$500,886,825$1,066,513$0$469,290,202
94$551,684,711$826,202$0$516,850,172
95$607,654,765$564,899$0$569,252,939
96$669,324,258$281,286$0$626,992,273
97$737,274,234$0$0$690,612,307
98$812,144,993$0$0$760,715,249
99$894,642,136$0$0$837,989,662
100$985,543,225$0$0$923,136,032