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

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$126,346$125,221$124,123$123,051$122,004$119,297
2 years$62,548$61,383$60,254$59,159$58,097$55,384
3 years$41,284$40,114$38,988$37,904$36,859$34,225
4 years$30,655$29,488$28,373$27,308$26,288$23,752
5 years$24,278$23,119$22,019$20,975$19,984$17,554
6 years$20,029$18,878$17,795$16,774$15,813$13,491
7 years$16,995$15,854$14,787$13,791$12,860$10,647
8 years$14,721$13,590$12,541$11,569$10,669$8,564
9 years$12,952$11,832$10,801$9,854$8,984$6,987
10 years$11,539$10,430$9,417$8,494$7,655$5,762
11 years$10,383$9,285$8,291$7,392$6,584$4,792
12 years$9,420$8,334$7,358$6,484$5,705$4,013
13 years$8,606$7,531$6,574$5,725$4,975$3,379
14 years$7,910$6,846$5,906$5,082$4,361$2,858
15 years$7,306$6,254$5,333$4,532$3,840$2,426
16 years$6,778$5,738$4,835$4,058$3,394$2,066
17 years$6,313$5,284$4,399$3,646$3,009$1,764
18 years$5,901$4,883$4,016$3,286$2,676$1,509
19 years$5,532$4,525$3,677$2,969$2,385$1,294
20 years$5,200$4,205$3,374$2,689$2,130$1,111
21 years$4,900$3,917$3,104$2,440$1,906$955
22 years$4,628$3,656$2,860$2,219$1,709$822
23 years$4,380$3,420$2,641$2,021$1,534$708
24 years$4,153$3,204$2,443$1,843$1,379$610
25 years$3,945$3,007$2,262$1,683$1,241$526
26 years$3,752$2,826$2,098$1,539$1,117$454
27 years$3,575$2,660$1,948$1,409$1,007$392
28 years$3,410$2,506$1,811$1,291$909$339
29 years$3,257$2,364$1,686$1,184$821$293
30 years$3,114$2,233$1,570$1,086$742$253
31 years$2,981$2,111$1,464$998$671$219
32 years$2,857$1,997$1,366$917$607$190
33 years$2,740$1,891$1,275$843$549$164
34 years$2,630$1,793$1,191$776$497$142
35 years$2,527$1,700$1,114$714$450$123
36 years$2,430$1,614$1,042$658$408$106
37 years$2,338$1,533$975$606$370$92
38 years$2,252$1,457$913$559$335$80
39 years$2,170$1,385$856$515$304$69
40 years$2,092$1,318$802$475$276$60
41 years$2,018$1,254$752$438$250$52
42 years$1,948$1,195$705$404$227$45
43 years$1,881$1,138$662$373$206$39
44 years$1,818$1,085$621$345$187$34
45 years$1,757$1,035$583$318$170$29
46 years$1,700$987$548$294$154$25
47 years$1,645$942$515$272$140$22
48 years$1,592$899$484$251$127$19
49 years$1,542$859$455$232$115$16
50 years$1,494$820$428$214$105$14

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 $6,924 every year, while hoping to spend $21,375 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: 49/40/11 Blend
29$1,530,000$1,530,000$1,530,000$1,530,000
30$1,693,202$1,612,112$1,588,397$1,770,791
31$1,843,166$1,668,363$1,618,866$1,881,025
32$2,007,710$1,726,653$1,649,638$1,997,885
33$2,188,298$1,787,061$1,680,703$2,124,331
34$2,386,544$1,849,667$1,712,046$2,261,269
35$2,604,224$1,914,554$1,743,653$2,409,689
36$2,843,298$1,981,809$1,775,508$2,570,685
37$3,105,920$2,051,523$1,807,593$2,745,457
38$3,394,466$2,123,791$1,839,890$2,935,325
39$3,711,555$2,198,709$1,872,379$3,141,741
40$4,060,068$2,276,381$1,905,038$3,366,302
41$4,443,182$2,356,911$1,937,845$3,610,765
42$4,864,397$2,440,410$1,970,773$3,877,064
43$5,327,569$2,526,993$2,003,797$4,167,326
44$5,836,944$2,616,779$2,036,887$4,483,891
45$6,397,204$2,709,893$2,070,015$4,829,335
46$7,013,504$2,806,463$2,103,146$5,206,493
47$7,691,526$2,906,624$2,136,246$5,618,486
48$8,437,530$3,010,517$2,169,278$6,068,748
49$9,258,412$3,118,286$2,202,203$6,561,060
50$10,161,772$3,230,085$2,234,979$7,099,585
51$11,155,984$3,346,070$2,267,562$7,688,905
52$12,250,273$3,466,406$2,299,904$8,334,067
53$13,454,806$3,591,264$2,331,955$9,040,625
54$14,780,783$3,720,824$2,363,663$9,814,698
55$16,240,548$3,855,269$2,394,971$10,663,022
56$17,847,701$3,994,795$2,425,819$11,593,015
57$19,617,229$4,139,601$2,456,146$12,612,847
58$21,565,643$4,289,899$2,485,884$13,731,515
59$23,711,141$4,445,906$2,514,963$14,958,928
60$26,073,772$4,607,850$2,543,309$16,306,001
61$28,675,630$4,775,969$2,570,844$17,784,755
62$31,541,062$4,950,508$2,597,485$19,408,429
63$34,696,894$5,131,727$2,623,144$21,191,609
64$38,172,688$5,319,892$2,647,730$23,150,359
65$42,001,019$5,515,284$2,671,146$25,302,376
66$46,217,784$5,718,194$2,693,290$27,667,154
67$50,862,538$5,928,925$2,714,055$30,266,167
68$55,978,868$6,147,794$2,733,328$33,123,071
69$61,614,808$6,375,131$2,750,989$36,263,930
70$67,823,285$6,611,279$2,766,914$39,717,452
71$74,662,625$6,856,597$2,780,971$43,515,268
72$82,197,101$7,111,459$2,793,022$47,692,226
73$90,497,539$7,376,253$2,802,921$52,286,717
74$99,641,986$7,651,388$2,810,517$57,341,038
75$109,716,448$7,937,285$2,815,649$62,901,791
76$120,815,701$8,234,387$2,818,148$69,020,320
77$133,044,185$8,543,155$2,817,839$75,753,192
78$146,516,991$8,864,068$2,814,536$83,162,736
79$161,360,945$9,197,629$2,808,044$91,317,625
80$177,715,809$9,544,360$2,798,160$100,293,521
81$195,735,594$9,904,806$2,784,671$110,173,794
82$215,590,019$10,279,537$2,767,353$121,050,302
83$237,466,112$10,669,145$2,745,970$133,024,259
84$261,569,972$11,074,250$2,720,277$146,207,186
85$288,128,719$11,495,498$2,690,016$160,721,965
86$317,392,635$11,933,564$2,654,918$176,703,996
87$349,637,526$12,389,150$2,614,699$194,302,473
88$385,167,327$12,862,992$2,569,065$213,681,789
89$424,316,971$13,355,855$2,517,706$235,023,088
90$467,455,550$13,868,540$2,460,297$258,525,972
91$514,989,799$14,401,881$2,396,499$284,410,380
92$567,367,935$14,956,751$2,325,959$312,918,667
93$625,083,890$15,534,057$2,248,305$344,317,886
94$688,681,973$16,134,752$2,163,148$378,902,308
95$758,762,004$16,759,825$2,070,084$416,996,195
96$835,984,985$17,410,313$1,968,688$458,956,859
97$921,079,332$18,087,296$1,858,517$505,178,036
98$1,014,847,753$18,791,903$1,739,108$556,093,593
99$1,118,174,832$19,525,314$1,609,975$612,181,627
100$1,232,035,369$20,288,759$1,470,614$673,968,970