Can I retire at age 30 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$128,823$127,676$126,556$125,464$124,397$122,893
2 years$63,774$62,586$61,435$60,319$59,236$57,723
3 years$42,094$40,901$39,753$38,647$37,582$36,106
4 years$31,256$30,066$28,930$27,843$26,804$25,377
5 years$24,754$23,572$22,451$21,386$20,376$19,002
6 years$20,422$19,249$18,143$17,103$16,123$14,803
7 years$17,328$16,165$15,077$14,061$13,112$11,848
8 years$15,009$13,856$12,787$11,795$10,878$9,668
9 years$13,206$12,064$11,013$10,047$9,161$8,006
10 years$11,765$10,634$9,602$8,661$7,805$6,704
11 years$10,586$9,467$8,453$7,537$6,713$5,665
12 years$9,605$8,497$7,502$6,611$5,817$4,820
13 years$8,775$7,679$6,702$5,837$5,073$4,126
14 years$8,065$6,980$6,022$5,181$4,447$3,549
15 years$7,449$6,376$5,437$4,621$3,915$3,065
16 years$6,911$5,850$4,930$4,137$3,460$2,656
17 years$6,437$5,388$4,486$3,717$3,068$2,309
18 years$6,016$4,979$4,095$3,350$2,728$2,011
19 years$5,640$4,614$3,749$3,027$2,432$1,756
20 years$5,302$4,288$3,440$2,742$2,172$1,536
21 years$4,996$3,994$3,164$2,488$1,944$1,346
22 years$4,719$3,728$2,917$2,262$1,742$1,180
23 years$4,466$3,487$2,693$2,060$1,564$1,037
24 years$4,235$3,267$2,491$1,879$1,406$911
25 years$4,022$3,066$2,307$1,716$1,265$802
26 years$3,826$2,881$2,139$1,569$1,139$706
27 years$3,645$2,712$1,987$1,436$1,027$622
28 years$3,477$2,555$1,847$1,316$927$549
29 years$3,321$2,411$1,719$1,207$837$484
30 years$3,175$2,276$1,601$1,108$756$427
31 years$3,040$2,152$1,492$1,017$684$377
32 years$2,913$2,036$1,392$935$618$333
33 years$2,794$1,928$1,300$860$560$295
34 years$2,682$1,828$1,215$791$507$260
35 years$2,577$1,733$1,136$728$459$230
36 years$2,478$1,645$1,062$671$416$204
37 years$2,384$1,563$994$618$377$180
38 years$2,296$1,485$931$569$342$159
39 years$2,212$1,412$872$525$310$141
40 years$2,133$1,344$818$484$281$125
41 years$2,058$1,279$767$447$255$110
42 years$1,986$1,218$719$412$231$98
43 years$1,918$1,161$675$381$210$86
44 years$1,854$1,106$634$351$191$77
45 years$1,792$1,055$595$325$173$68
46 years$1,733$1,006$559$300$157$60
47 years$1,677$960$525$277$143$53
48 years$1,623$917$493$256$130$47
49 years$1,572$875$464$237$118$42
50 years$1,523$836$436$219$107$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,560,000, adding $6,761 every year, while hoping to spend $34,717 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: 57/25/18 Blend
29$1,560,000$1,560,000$1,560,000$1,560,000
30$1,726,094$1,643,414$1,619,234$1,815,907
31$1,865,217$1,687,003$1,636,540$1,921,302
32$2,017,367$1,731,564$1,653,262$2,031,759
33$2,183,836$1,777,108$1,669,343$2,151,353
34$2,366,047$1,823,646$1,684,726$2,280,967
35$2,565,566$1,871,187$1,699,347$2,421,579
36$2,784,119$1,919,740$1,713,140$2,574,260
37$3,023,606$1,969,314$1,726,037$2,740,195
38$3,286,119$2,019,916$1,737,964$2,920,686
39$3,573,962$2,071,551$1,748,845$3,117,168
40$3,889,674$2,124,225$1,758,600$3,331,222
41$4,236,051$2,177,942$1,767,143$3,564,589
42$4,616,171$2,232,704$1,774,385$3,819,188
43$5,033,427$2,288,513$1,780,234$4,097,132
44$5,491,555$2,345,369$1,784,590$4,400,750
45$5,994,671$2,403,269$1,787,351$4,732,608
46$6,547,308$2,462,210$1,788,408$5,095,533
47$7,154,462$2,522,186$1,787,648$5,492,639
48$7,821,633$2,583,190$1,784,951$5,927,359
49$8,554,886$2,645,212$1,780,192$6,403,475
50$9,360,896$2,708,239$1,773,240$6,925,153
51$10,247,022$2,772,257$1,763,958$7,496,987
52$11,221,369$2,837,249$1,752,202$8,124,035
53$12,292,868$2,903,193$1,737,820$8,811,876
54$13,471,357$2,970,066$1,720,654$9,566,652
55$14,767,678$3,037,842$1,700,538$10,395,137
56$16,193,774$3,106,490$1,677,299$11,304,792
57$17,762,806$3,175,974$1,650,755$12,303,841
58$19,489,273$3,246,258$1,620,716$13,401,346
59$21,389,151$3,317,296$1,586,983$14,607,296
60$23,480,044$3,389,043$1,549,346$15,932,695
61$25,781,347$3,461,446$1,507,588$17,389,674
62$28,314,434$3,534,446$1,461,481$18,991,599
63$31,102,852$3,607,979$1,410,787$20,753,202
64$34,172,549$3,681,977$1,355,255$22,690,717
65$37,552,118$3,756,362$1,294,624$24,822,035
66$41,273,062$3,831,053$1,228,623$27,166,874
67$45,370,098$3,905,958$1,156,965$29,746,962
68$49,881,478$3,980,979$1,079,353$32,586,248
69$54,849,353$4,056,011$995,475$35,711,123
70$60,320,169$4,130,939$905,007$39,150,670
71$66,345,109$4,205,637$807,607$42,936,945
72$72,980,570$4,279,973$702,921$47,105,270
73$80,288,698$4,353,801$590,579$51,694,577
74$88,337,974$4,426,967$470,193$56,747,769
75$97,203,862$4,499,302$341,358$62,312,128
76$106,969,515$4,570,627$203,653$68,439,761
77$117,726,567$4,640,749$56,636$75,188,094
78$129,575,992$4,709,461$0$82,620,415
79$142,629,060$4,776,542$0$90,825,725
80$157,008,385$4,841,753$0$99,874,490
81$172,849,083$4,904,842$0$109,840,628
82$190,300,046$4,965,535$0$120,817,592
83$209,525,348$5,023,544$0$132,908,366
84$230,705,794$5,078,559$0$146,226,439
85$254,040,625$5,130,248$0$160,896,875
86$279,749,398$5,178,259$0$177,057,494
87$308,074,060$5,222,217$0$194,860,173
88$339,281,229$5,261,721$0$214,472,280
89$373,664,713$5,296,344$0$236,078,254
90$411,548,282$5,325,633$0$259,881,350
91$453,288,723$5,349,105$0$286,105,551
92$499,279,208$5,366,246$0$314,997,689
93$549,953,006$5,376,511$0$346,829,775
94$605,787,572$5,379,320$0$381,901,563
95$667,309,053$5,374,055$0$420,543,386
96$735,097,257$5,360,064$0$463,119,271
97$809,791,122$5,336,652$0$510,030,378
98$892,094,750$5,303,082$0$561,718,787
99$982,784,054$5,258,572$0$618,671,675
100$1,082,714,080$5,202,295$0$681,425,912