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%18.9%
1 years$125,520$124,402$123,311$122,247$121,207$116,860
2 years$62,139$60,981$59,860$58,772$57,718$53,385
3 years$41,014$39,852$38,733$37,656$36,618$32,437
4 years$30,454$29,295$28,188$27,129$26,117$22,117
5 years$24,120$22,968$21,875$20,838$19,853$16,047
6 years$19,898$18,755$17,678$16,664$15,709$12,099
7 years$16,884$15,751$14,691$13,700$12,776$9,361
8 years$14,624$13,501$12,459$11,493$10,599$7,376
9 years$12,868$11,755$10,731$9,789$8,926$5,891
10 years$11,463$10,362$9,355$8,439$7,605$4,753
11 years$10,315$9,224$8,236$7,344$6,541$3,865
12 years$9,359$8,279$7,310$6,442$5,668$3,163
13 years$8,550$7,482$6,531$5,687$4,943$2,601
14 years$7,858$6,801$5,868$5,048$4,333$2,147
15 years$7,258$6,213$5,298$4,502$3,815$1,778
16 years$6,734$5,700$4,803$4,031$3,372$1,477
17 years$6,272$5,250$4,371$3,622$2,989$1,229
18 years$5,862$4,851$3,990$3,264$2,658$1,025
19 years$5,495$4,496$3,653$2,950$2,369$855
20 years$5,166$4,178$3,352$2,671$2,116$715
21 years$4,868$3,891$3,083$2,424$1,894$598
22 years$4,598$3,632$2,842$2,204$1,698$501
23 years$4,352$3,397$2,624$2,008$1,524$420
24 years$4,126$3,183$2,427$1,831$1,370$352
25 years$3,919$2,987$2,248$1,672$1,232$295
26 years$3,728$2,807$2,084$1,529$1,110$248
27 years$3,551$2,642$1,936$1,399$1,001$208
28 years$3,388$2,490$1,799$1,282$903$175
29 years$3,236$2,349$1,675$1,176$815$147
30 years$3,094$2,218$1,560$1,079$737$123
31 years$2,962$2,097$1,454$991$666$104
32 years$2,838$1,984$1,357$911$603$87
33 years$2,722$1,879$1,267$838$545$73
34 years$2,613$1,781$1,184$771$494$62
35 years$2,511$1,689$1,107$709$447$52
36 years$2,414$1,603$1,035$653$405$43
37 years$2,323$1,523$969$602$367$37
38 years$2,237$1,447$907$555$333$31
39 years$2,155$1,376$850$512$302$26
40 years$2,078$1,309$797$472$274$22
41 years$2,005$1,246$747$435$248$18
42 years$1,935$1,187$701$402$225$15
43 years$1,869$1,131$658$371$205$13
44 years$1,806$1,078$617$342$186$11
45 years$1,746$1,028$580$316$169$9
46 years$1,689$981$544$292$153$8
47 years$1,634$936$511$270$139$6
48 years$1,582$893$481$249$126$5
49 years$1,532$853$452$231$115$5
50 years$1,484$815$425$213$104$4

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 $6,511 every year, while hoping to spend $50,248 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: 55/25/20 Blend
29$1,520,000$1,520,000$1,520,000$1,520,000
30$1,681,756$1,601,196$1,577,636$1,764,819
31$1,799,832$1,626,191$1,577,023$1,847,330
32$1,928,267$1,650,727$1,574,706$1,931,256
33$2,068,065$1,674,728$1,570,574$2,021,559
34$2,220,332$1,698,113$1,564,512$2,118,861
35$2,386,280$1,720,796$1,556,398$2,223,853
36$2,567,250$1,742,683$1,546,106$2,337,294
37$2,764,711$1,763,677$1,533,502$2,460,024
38$2,980,285$1,783,670$1,518,448$2,592,967
39$3,215,755$1,802,551$1,500,797$2,737,145
40$3,473,085$1,820,199$1,480,396$2,893,686
41$3,754,436$1,836,485$1,457,086$3,063,833
42$4,062,188$1,851,272$1,430,698$3,248,957
43$4,398,962$1,864,416$1,401,058$3,450,574
44$4,767,644$1,875,760$1,367,981$3,670,353
45$5,171,411$1,885,139$1,331,275$3,910,138
46$5,613,762$1,892,378$1,290,740$4,171,963
47$6,098,552$1,897,291$1,246,166$4,458,070
48$6,630,023$1,899,677$1,197,332$4,770,934
49$7,212,852$1,899,328$1,144,009$5,113,287
50$7,852,186$1,896,018$1,085,956$5,488,141
51$8,553,697$1,889,510$1,022,923$5,898,819
52$9,323,629$1,879,552$954,647$6,348,986
53$10,168,865$1,865,876$880,853$6,842,686
54$11,096,983$1,848,197$801,256$7,384,379
55$12,116,333$1,826,216$715,555$7,978,986
56$13,236,110$1,799,612$623,438$8,631,932
57$14,466,449$1,768,048$524,578$9,349,202
58$15,818,509$1,731,166$418,634$10,137,398
59$17,304,590$1,688,585$305,251$11,003,801
60$18,938,237$1,639,905$184,056$11,956,438
61$20,734,376$1,584,699$54,661$13,004,165
62$22,709,451$1,522,519$0$14,156,747
63$24,881,580$1,452,886$0$15,442,756
64$27,270,722$1,375,299$0$16,869,870
65$29,898,870$1,289,223$0$18,439,600
66$32,790,255$1,194,095$0$20,166,485
67$35,971,574$1,089,319$0$22,066,549
68$39,472,245$974,266$0$24,157,455
69$43,324,679$848,270$0$26,458,674
70$47,564,588$710,627$0$28,991,666
71$52,231,323$560,595$0$31,780,085
72$57,368,242$397,388$0$34,850,004
73$63,023,121$220,178$0$38,230,162
74$69,248,601$28,089$0$41,952,235
75$76,102,690$0$0$46,051,137
76$83,649,304$0$0$50,614,816
77$91,958,874$0$0$55,648,568
78$101,109,005$0$0$61,191,700
79$111,185,215$0$0$67,296,041
80$122,281,736$0$0$74,018,703
81$134,502,405$0$0$81,422,618
82$147,961,641$0$0$89,577,133
83$162,785,529$0$0$98,558,666
84$179,113,006$0$0$108,451,421
85$197,097,171$0$0$119,348,191
86$216,906,732$0$0$131,351,225
87$238,727,595$0$0$144,573,199
88$262,764,623$0$0$159,138,274
89$289,243,563$0$0$175,183,273
90$318,413,178$0$0$192,858,968
91$350,547,597$0$0$212,331,505
92$385,948,899$0$0$233,783,970
93$424,949,966$0$0$257,418,117
94$467,917,622$0$0$283,456,275
95$515,256,095$0$0$312,143,443
96$567,410,835$0$0$343,749,603
97$624,872,716$0$0$378,572,268
98$688,182,666$0$0$416,939,292
99$757,936,778$0$0$459,211,961
100$834,791,934$0$0$505,788,405