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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$127,998$126,857$125,745$124,659$123,599$121,602
2 years$63,365$62,185$61,041$59,932$58,857$56,850
3 years$41,824$40,639$39,498$38,399$37,341$35,387
4 years$31,055$29,874$28,744$27,664$26,632$24,746
5 years$24,596$23,421$22,307$21,249$20,245$18,433
6 years$20,291$19,125$18,027$16,993$16,019$14,283
7 years$17,217$16,061$14,981$13,971$13,028$11,367
8 years$14,913$13,768$12,705$11,720$10,808$9,223
9 years$13,122$11,987$10,943$9,983$9,102$7,592
10 years$11,690$10,566$9,540$8,605$7,755$6,319
11 years$10,519$9,406$8,399$7,489$6,670$5,306
12 years$9,543$8,443$7,454$6,569$5,780$4,487
13 years$8,719$7,630$6,659$5,799$5,040$3,815
14 years$8,013$6,935$5,984$5,148$4,418$3,260
15 years$7,402$6,335$5,402$4,591$3,890$2,796
16 years$6,867$5,813$4,898$4,111$3,438$2,406
17 years$6,396$5,353$4,457$3,694$3,048$2,077
18 years$5,978$4,947$4,069$3,329$2,711$1,796
19 years$5,604$4,584$3,725$3,008$2,416$1,557
20 years$5,268$4,260$3,418$2,724$2,158$1,352
21 years$4,964$3,968$3,144$2,472$1,931$1,175
22 years$4,689$3,704$2,898$2,248$1,731$1,023
23 years$4,437$3,464$2,676$2,047$1,554$892
24 years$4,207$3,246$2,475$1,867$1,397$778
25 years$3,996$3,046$2,292$1,705$1,257$679
26 years$3,801$2,863$2,126$1,559$1,132$593
27 years$3,621$2,694$1,974$1,427$1,021$519
28 years$3,455$2,539$1,835$1,308$921$454
29 years$3,300$2,395$1,708$1,199$832$397
30 years$3,155$2,262$1,591$1,100$751$348
31 years$3,020$2,138$1,483$1,011$679$304
32 years$2,894$2,023$1,383$929$615$267
33 years$2,776$1,916$1,292$854$556$234
34 years$2,665$1,816$1,207$786$504$205
35 years$2,560$1,722$1,128$723$456$180
36 years$2,462$1,635$1,056$666$413$157
37 years$2,369$1,553$988$614$374$138
38 years$2,281$1,476$925$566$340$121
39 years$2,198$1,403$867$522$308$106
40 years$2,119$1,335$813$481$279$93
41 years$2,044$1,271$762$444$253$82
42 years$1,973$1,210$715$410$230$72
43 years$1,906$1,153$671$378$209$63
44 years$1,842$1,099$629$349$189$55
45 years$1,780$1,048$591$323$172$48
46 years$1,722$1,000$555$298$156$43
47 years$1,666$954$522$275$142$37
48 years$1,613$911$490$254$129$33
49 years$1,562$870$461$235$117$29
50 years$1,513$831$433$217$106$25

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 $4,119 every year, while hoping to spend $31,315 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: 67/27/6 Blend
29$1,550,000$1,550,000$1,550,000$1,550,000
30$1,712,349$1,630,199$1,606,174$1,825,260
31$1,853,689$1,676,760$1,626,662$1,947,216
32$2,008,397$1,724,552$1,646,786$2,076,315
33$2,177,803$1,773,604$1,666,503$2,216,600
34$2,363,371$1,823,943$1,685,763$2,369,157
35$2,566,715$1,875,597$1,704,516$2,535,183
36$2,789,612$1,928,593$1,722,710$2,715,995
37$3,034,019$1,982,961$1,740,287$2,913,041
38$3,302,091$2,038,728$1,757,189$3,127,918
39$3,596,203$2,095,924$1,773,353$3,362,384
40$3,918,969$2,154,578$1,788,714$3,618,372
41$4,273,270$2,214,718$1,803,201$3,898,014
42$4,662,278$2,276,374$1,816,743$4,203,657
43$5,089,488$2,339,574$1,829,262$4,537,883
44$5,558,752$2,404,349$1,840,678$4,903,541
45$6,074,309$2,470,727$1,850,906$5,303,763
46$6,640,833$2,538,737$1,859,856$5,742,003
47$7,263,472$2,608,409$1,867,434$6,222,065
48$7,947,895$2,679,770$1,873,543$6,748,137
49$8,700,352$2,752,850$1,878,078$7,324,834
50$9,527,725$2,827,677$1,880,930$7,957,240
51$10,437,598$2,904,278$1,881,987$8,650,955
52$11,438,327$2,982,681$1,881,127$9,412,149
53$12,539,116$3,062,913$1,878,225$10,247,618
54$13,750,110$3,145,000$1,873,150$11,164,852
55$15,082,484$3,228,967$1,865,762$12,172,099
56$16,548,550$3,314,839$1,855,918$13,278,451
57$18,161,876$3,402,640$1,843,465$14,493,920
58$19,937,410$3,492,393$1,828,245$15,829,541
59$21,891,625$3,584,118$1,810,089$17,297,472
60$24,042,667$3,677,838$1,788,824$18,911,107
61$26,410,537$3,773,569$1,764,267$20,685,207
62$29,017,268$3,871,330$1,736,226$22,636,033
63$31,887,140$3,971,136$1,704,501$24,781,505
64$35,046,908$4,073,001$1,668,881$27,141,367
65$38,526,051$4,176,937$1,629,148$29,737,376
66$42,357,055$4,282,953$1,585,070$32,593,504
67$46,575,713$4,391,056$1,536,409$35,736,169
68$51,221,469$4,501,251$1,482,911$39,194,477
69$56,337,785$4,613,539$1,424,315$43,000,504
70$61,972,555$4,727,919$1,360,346$47,189,594
71$68,178,554$4,844,385$1,290,716$51,800,694
72$75,013,935$4,962,929$1,215,124$56,876,721
73$82,542,783$5,083,538$1,133,256$62,464,967
74$90,835,711$5,206,196$1,044,785$68,617,545
75$99,970,536$5,330,882$949,368$75,391,882
76$110,033,005$5,457,569$846,645$82,851,260
77$121,117,607$5,586,226$736,244$91,065,414
78$133,328,469$5,716,817$617,774$100,111,187
79$146,780,329$5,849,297$490,826$110,073,261
80$161,599,629$5,983,619$354,974$121,044,951
81$177,925,699$6,119,725$209,775$133,129,088
82$195,912,081$6,257,552$54,762$146,438,991
83$215,727,969$6,397,027$0$161,099,534
84$237,559,813$6,538,073$0$177,255,409
85$261,613,074$6,680,598$0$195,055,379
86$288,114,165$6,824,506$0$214,663,074
87$317,312,590$6,969,686$0$236,262,683
88$349,483,293$7,116,020$0$260,057,175
89$384,929,260$7,263,376$0$286,270,218
90$423,984,374$7,411,610$0$315,148,292
91$467,016,567$7,560,567$0$346,963,012
92$514,431,297$7,710,074$0$382,013,694
93$566,675,369$7,859,948$0$420,630,181
94$624,241,156$8,009,985$0$463,175,955
95$687,671,249$8,159,969$0$510,051,569
96$757,563,572$8,309,663$0$561,698,429
97$834,577,032$8,458,812$0$618,602,961
98$919,437,737$8,607,142$0$681,301,201
99$1,012,945,851$8,754,356$0$750,383,858
100$1,115,983,144$8,900,136$0$826,501,888