Can I retire at age 30 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$126,346$125,221$124,123$123,051$122,004$119,200
2 years$62,548$61,383$60,254$59,159$58,097$55,288
3 years$41,284$40,114$38,988$37,904$36,859$34,132
4 years$30,655$29,488$28,373$27,308$26,288$23,664
5 years$24,278$23,119$22,019$20,975$19,984$17,471
6 years$20,029$18,878$17,795$16,774$15,813$13,412
7 years$16,995$15,854$14,787$13,791$12,860$10,573
8 years$14,721$13,590$12,541$11,569$10,669$8,495
9 years$12,952$11,832$10,801$9,854$8,984$6,922
10 years$11,539$10,430$9,417$8,494$7,655$5,701
11 years$10,383$9,285$8,291$7,392$6,584$4,736
12 years$9,420$8,334$7,358$6,484$5,705$3,961
13 years$8,606$7,531$6,574$5,725$4,975$3,330
14 years$7,910$6,846$5,906$5,082$4,361$2,813
15 years$7,306$6,254$5,333$4,532$3,840$2,385
16 years$6,778$5,738$4,835$4,058$3,394$2,028
17 years$6,313$5,284$4,399$3,646$3,009$1,729
18 years$5,901$4,883$4,016$3,286$2,676$1,477
19 years$5,532$4,525$3,677$2,969$2,385$1,264
20 years$5,200$4,205$3,374$2,689$2,130$1,084
21 years$4,900$3,917$3,104$2,440$1,906$930
22 years$4,628$3,656$2,860$2,219$1,709$799
23 years$4,380$3,420$2,641$2,021$1,534$687
24 years$4,153$3,204$2,443$1,843$1,379$592
25 years$3,945$3,007$2,262$1,683$1,241$510
26 years$3,752$2,826$2,098$1,539$1,117$439
27 years$3,575$2,660$1,948$1,409$1,007$379
28 years$3,410$2,506$1,811$1,291$909$327
29 years$3,257$2,364$1,686$1,184$821$282
30 years$3,114$2,233$1,570$1,086$742$243
31 years$2,981$2,111$1,464$998$671$210
32 years$2,857$1,997$1,366$917$607$182
33 years$2,740$1,891$1,275$843$549$157
34 years$2,630$1,793$1,191$776$497$136
35 years$2,527$1,700$1,114$714$450$117
36 years$2,430$1,614$1,042$658$408$101
37 years$2,338$1,533$975$606$370$87
38 years$2,252$1,457$913$559$335$76
39 years$2,170$1,385$856$515$304$65
40 years$2,092$1,318$802$475$276$57
41 years$2,018$1,254$752$438$250$49
42 years$1,948$1,195$705$404$227$42
43 years$1,881$1,138$662$373$206$37
44 years$1,818$1,085$621$345$187$32
45 years$1,757$1,035$583$318$170$27
46 years$1,700$987$548$294$154$24
47 years$1,645$942$515$272$140$20
48 years$1,592$899$484$251$127$18
49 years$1,542$859$455$232$115$15
50 years$1,494$820$428$214$105$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,530,000, adding $2,364 every year, while hoping to spend $29,538 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: 60/12/28 Blend
29$1,530,000$1,530,000$1,530,000$1,530,000
30$1,688,498$1,607,408$1,583,693$1,776,879
31$1,829,297$1,654,743$1,605,319$1,884,781
32$1,983,467$1,703,408$1,626,679$1,999,101
33$2,152,342$1,753,435$1,647,733$2,123,228
34$2,337,388$1,804,861$1,668,440$2,258,127
35$2,540,222$1,857,720$1,688,753$2,404,856
36$2,762,625$1,912,048$1,708,627$2,564,584
37$3,006,556$1,967,882$1,728,009$2,738,598
38$3,274,177$2,025,260$1,746,849$2,928,314
39$3,567,864$2,084,219$1,765,090$3,135,295
40$3,890,239$2,144,799$1,782,673$3,361,260
41$4,244,187$2,207,038$1,799,537$3,608,105
42$4,632,888$2,270,977$1,815,616$3,877,919
43$5,059,845$2,336,656$1,830,840$4,173,002
44$5,528,914$2,404,117$1,845,138$4,495,891
45$6,044,347$2,473,403$1,858,434$4,849,377
46$6,610,825$2,544,555$1,870,647$5,236,541
47$7,233,508$2,617,617$1,881,693$5,660,773
48$7,918,079$2,692,633$1,891,482$6,125,811
49$8,670,799$2,769,648$1,899,922$6,635,774
50$9,498,566$2,848,706$1,906,915$7,195,202
51$10,408,980$2,929,853$1,912,358$7,809,094
52$11,410,416$3,013,136$1,916,142$8,482,963
53$12,512,100$3,098,601$1,918,154$9,222,882
54$13,724,196$3,186,295$1,918,274$10,035,543
55$15,057,906$3,276,265$1,916,379$10,928,324
56$16,525,571$3,368,560$1,912,335$11,909,351
57$18,140,788$3,463,228$1,906,007$12,987,583
58$19,918,540$3,560,318$1,897,250$14,172,889
59$21,875,335$3,659,878$1,885,912$15,476,148
60$24,029,364$3,761,956$1,871,835$16,909,349
61$26,400,670$3,866,604$1,854,852$18,485,701
62$29,011,340$3,973,868$1,834,791$20,219,765
63$31,885,708$4,083,800$1,811,469$22,127,585
64$35,050,592$4,196,447$1,784,694$24,226,842
65$38,535,538$4,311,859$1,754,267$26,537,022
66$42,373,107$4,430,085$1,719,980$29,079,600
67$46,599,177$4,551,172$1,681,612$31,878,242
68$51,253,283$4,675,169$1,638,935$34,959,026
69$56,378,989$4,802,123$1,591,710$38,350,696
70$62,024,299$4,932,080$1,539,686$42,084,926
71$68,242,113$5,065,088$1,482,601$46,196,622
72$75,090,721$5,201,189$1,420,181$50,724,252
73$82,634,355$5,340,429$1,352,138$55,710,211
74$90,943,799$5,482,849$1,278,174$61,201,218
75$100,097,050$5,628,492$1,197,976$67,248,760
76$110,180,056$5,777,396$1,111,216$73,909,578
77$121,287,533$5,929,599$1,017,552$81,246,202
78$133,523,849$6,085,137$916,628$89,327,543
79$147,004,016$6,244,043$808,070$98,229,543
80$161,854,774$6,406,349$691,488$108,035,894
81$178,215,784$6,572,083$566,476$118,838,826
82$196,240,949$6,741,271$432,608$130,739,981
83$216,099,866$6,913,934$289,441$143,851,371
84$237,979,427$7,090,091$136,512$158,296,436
85$262,085,580$7,269,757$0$174,211,213
86$288,645,277$7,452,943$0$191,753,592
87$317,908,613$7,639,654$0$211,124,852
88$350,151,186$7,829,892$0$232,466,391
89$385,676,703$8,023,652$0$255,979,019
90$424,819,840$8,220,925$0$281,884,020
91$467,949,407$8,421,693$0$310,425,249
92$515,471,825$8,625,935$0$341,871,426
93$567,834,964$8,833,619$0$376,518,679
94$625,532,371$9,044,707$0$414,693,335
95$689,107,929$9,259,153$0$456,755,000
96$759,160,988$9,476,902$0$503,099,959
97$836,352,026$9,697,888$0$554,164,909
98$921,408,884$9,922,036$0$610,431,087
99$1,015,133,633$10,149,259$0$672,428,810
100$1,118,410,150$10,379,458$0$740,742,484