Can I retire at age 30 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$127,998$126,857$125,745$124,659$123,599$122,615
2 years$63,365$62,185$61,041$59,932$58,857$57,864
3 years$41,824$40,639$39,498$38,399$37,341$36,372
4 years$31,055$29,874$28,744$27,664$26,632$25,693
5 years$24,596$23,421$22,307$21,249$20,245$19,339
6 years$20,291$19,125$18,027$16,993$16,019$15,147
7 years$17,217$16,061$14,981$13,971$13,028$12,191
8 years$14,913$13,768$12,705$11,720$10,808$10,005
9 years$13,122$11,987$10,943$9,983$9,102$8,334
10 years$11,690$10,566$9,540$8,605$7,755$7,021
11 years$10,519$9,406$8,399$7,489$6,670$5,969
12 years$9,543$8,443$7,454$6,569$5,780$5,112
13 years$8,719$7,630$6,659$5,799$5,040$4,404
14 years$8,013$6,935$5,984$5,148$4,418$3,813
15 years$7,402$6,335$5,402$4,591$3,890$3,316
16 years$6,867$5,813$4,898$4,111$3,438$2,893
17 years$6,396$5,353$4,457$3,694$3,048$2,532
18 years$5,978$4,947$4,069$3,329$2,711$2,222
19 years$5,604$4,584$3,725$3,008$2,416$1,954
20 years$5,268$4,260$3,418$2,724$2,158$1,722
21 years$4,964$3,968$3,144$2,472$1,931$1,519
22 years$4,689$3,704$2,898$2,248$1,731$1,343
23 years$4,437$3,464$2,676$2,047$1,554$1,189
24 years$4,207$3,246$2,475$1,867$1,397$1,053
25 years$3,996$3,046$2,292$1,705$1,257$934
26 years$3,801$2,863$2,126$1,559$1,132$829
27 years$3,621$2,694$1,974$1,427$1,021$736
28 years$3,455$2,539$1,835$1,308$921$654
29 years$3,300$2,395$1,708$1,199$832$582
30 years$3,155$2,262$1,591$1,100$751$518
31 years$3,020$2,138$1,483$1,011$679$461
32 years$2,894$2,023$1,383$929$615$411
33 years$2,776$1,916$1,292$854$556$366
34 years$2,665$1,816$1,207$786$504$326
35 years$2,560$1,722$1,128$723$456$291
36 years$2,462$1,635$1,056$666$413$259
37 years$2,369$1,553$988$614$374$231
38 years$2,281$1,476$925$566$340$206
39 years$2,198$1,403$867$522$308$184
40 years$2,119$1,335$813$481$279$164
41 years$2,044$1,271$762$444$253$147
42 years$1,973$1,210$715$410$230$131
43 years$1,906$1,153$671$378$209$117
44 years$1,842$1,099$629$349$189$104
45 years$1,780$1,048$591$323$172$93
46 years$1,722$1,000$555$298$156$83
47 years$1,666$954$522$275$142$74
48 years$1,613$911$490$254$129$66
49 years$1,562$870$461$235$117$59
50 years$1,513$831$433$217$106$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,550,000, adding $4,182 every year, while hoping to spend $49,036 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: 77/10/13 Blend
29$1,550,000$1,550,000$1,550,000$1,550,000
30$1,712,414$1,630,264$1,606,239$1,839,494
31$1,834,906$1,657,973$1,607,874$1,951,519
32$1,968,249$1,685,396$1,607,920$2,067,693
33$2,113,498$1,712,468$1,606,273$2,193,710
34$2,271,813$1,739,117$1,602,822$2,330,532
35$2,444,473$1,765,269$1,597,451$2,479,221
36$2,632,884$1,790,842$1,590,040$2,640,945
37$2,838,593$1,815,748$1,580,462$2,816,992
38$3,063,305$1,839,896$1,568,583$3,008,780
39$3,308,896$1,863,184$1,554,264$3,217,873
40$3,577,431$1,885,508$1,537,359$3,445,991
41$3,871,184$1,906,752$1,517,716$3,695,032
42$4,192,658$1,926,797$1,495,173$3,967,086
43$4,544,611$1,945,512$1,469,563$4,264,458
44$4,930,079$1,962,759$1,440,711$4,589,685
45$5,352,405$1,978,393$1,408,433$4,945,565
46$5,815,272$1,992,255$1,372,536$5,335,179
47$6,322,733$2,004,179$1,332,820$5,761,925
48$6,879,256$2,013,988$1,289,074$6,229,546
49$7,489,761$2,021,494$1,241,078$6,742,166
50$8,159,664$2,026,495$1,188,602$7,304,332
51$8,894,935$2,028,778$1,131,405$7,921,054
52$9,702,147$2,028,117$1,069,236$8,597,853
53$10,588,543$2,024,272$1,001,833$9,340,812
54$11,562,100$2,016,987$928,920$10,156,639
55$12,631,606$2,005,991$850,210$11,052,724
56$13,806,742$1,990,996$765,404$12,037,210
57$15,098,173$1,971,698$674,188$13,119,074
58$16,517,648$1,947,774$576,236$14,308,210
59$18,078,114$1,918,880$471,205$15,615,518
60$19,793,830$1,884,654$358,739$17,053,015
61$21,680,510$1,844,711$238,466$18,633,944
62$23,755,464$1,798,644$109,997$20,372,898
63$26,037,765$1,746,020$0$22,285,962
64$28,548,426$1,686,385$0$24,394,623
65$31,310,602$1,619,254$0$26,731,185
66$34,349,801$1,544,116$0$29,301,966
67$37,694,133$1,460,430$0$32,130,760
68$41,374,568$1,367,624$0$35,243,787
69$45,425,229$1,265,092$0$38,669,938
70$49,883,717$1,152,196$0$42,441,052
71$54,791,462$1,028,260$0$46,592,212
72$60,194,114$892,568$0$51,162,080
73$66,141,976$744,366$0$56,193,259
74$72,690,473$582,855$0$61,732,697
75$79,900,681$407,195$0$67,832,130
76$87,839,897$216,493$0$74,548,568
77$96,582,277$9,812$0$81,944,837
78$106,209,535$0$0$90,090,171
79$116,811,714$0$0$99,084,395
80$128,488,032$0$0$108,991,115
81$141,347,822$0$0$119,902,024
82$155,511,563$0$0$131,919,351
83$171,112,012$0$0$145,155,745
84$188,295,463$0$0$159,735,342
85$207,223,121$0$0$175,794,929
86$228,072,629$0$0$193,485,242
87$251,039,738$0$0$212,972,382
88$276,340,159$0$0$234,439,387
89$304,211,595$0$0$258,087,957
90$334,915,987$0$0$284,140,358
91$368,741,983$0$0$312,841,517
92$406,007,665$0$0$344,461,339
93$447,063,547$0$0$379,297,246
94$492,295,887$0$0$417,676,993
95$542,130,329$0$0$459,961,755
96$597,035,923$0$0$506,549,535
97$657,529,549$0$0$557,878,927
98$724,180,797$0$0$614,433,250
99$797,617,344$0$0$676,745,109
100$878,530,878$0$0$745,401,428