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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$128,823$127,676$126,556$125,464$124,397$121,985
2 years$63,774$62,586$61,435$60,319$59,236$56,816
3 years$42,094$40,901$39,753$38,647$37,582$35,229
4 years$31,256$30,066$28,930$27,843$26,804$24,536
5 years$24,754$23,572$22,451$21,386$20,376$18,200
6 years$20,422$19,249$18,143$17,103$16,123$14,041
7 years$17,328$16,165$15,077$14,061$13,112$11,125
8 years$15,009$13,856$12,787$11,795$10,878$8,985
9 years$13,206$12,064$11,013$10,047$9,161$7,361
10 years$11,765$10,634$9,602$8,661$7,805$6,097
11 years$10,586$9,467$8,453$7,537$6,713$5,093
12 years$9,605$8,497$7,502$6,611$5,817$4,285
13 years$8,775$7,679$6,702$5,837$5,073$3,625
14 years$8,065$6,980$6,022$5,181$4,447$3,080
15 years$7,449$6,376$5,437$4,621$3,915$2,628
16 years$6,911$5,850$4,930$4,137$3,460$2,249
17 years$6,437$5,388$4,486$3,717$3,068$1,929
18 years$6,016$4,979$4,095$3,350$2,728$1,659
19 years$5,640$4,614$3,749$3,027$2,432$1,430
20 years$5,302$4,288$3,440$2,742$2,172$1,234
21 years$4,996$3,994$3,164$2,488$1,944$1,066
22 years$4,719$3,728$2,917$2,262$1,742$923
23 years$4,466$3,487$2,693$2,060$1,564$799
24 years$4,235$3,267$2,491$1,879$1,406$693
25 years$4,022$3,066$2,307$1,716$1,265$601
26 years$3,826$2,881$2,139$1,569$1,139$522
27 years$3,645$2,712$1,987$1,436$1,027$453
28 years$3,477$2,555$1,847$1,316$927$394
29 years$3,321$2,411$1,719$1,207$837$342
30 years$3,175$2,276$1,601$1,108$756$298
31 years$3,040$2,152$1,492$1,017$684$259
32 years$2,913$2,036$1,392$935$618$225
33 years$2,794$1,928$1,300$860$560$196
34 years$2,682$1,828$1,215$791$507$171
35 years$2,577$1,733$1,136$728$459$149
36 years$2,478$1,645$1,062$671$416$130
37 years$2,384$1,563$994$618$377$113
38 years$2,296$1,485$931$569$342$98
39 years$2,212$1,412$872$525$310$86
40 years$2,133$1,344$818$484$281$75
41 years$2,058$1,279$767$447$255$65
42 years$1,986$1,218$719$412$231$57
43 years$1,918$1,161$675$381$210$49
44 years$1,854$1,106$634$351$191$43
45 years$1,792$1,055$595$325$173$38
46 years$1,733$1,006$559$300$157$33
47 years$1,677$960$525$277$143$28
48 years$1,623$917$493$256$130$25
49 years$1,572$875$464$237$118$22
50 years$1,523$836$436$219$107$19

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 $4,730 every year, while hoping to spend $53,991 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: 81/11/8 Blend
29$1,560,000$1,560,000$1,560,000$1,560,000
30$1,723,999$1,641,319$1,617,139$1,861,530
31$1,842,401$1,664,298$1,613,867$1,975,251
32$1,971,070$1,686,593$1,608,676$2,092,412
33$2,110,997$1,708,114$1,601,445$2,219,368
34$2,263,272$1,728,764$1,592,046$2,357,072
35$2,429,092$1,748,440$1,580,346$2,506,569
36$2,609,777$1,767,031$1,566,205$2,669,015
37$2,806,779$1,784,421$1,549,478$2,845,678
38$3,021,696$1,800,483$1,530,011$3,037,958
39$3,256,286$1,815,083$1,507,643$3,247,397
40$3,512,485$1,828,080$1,482,207$3,475,693
41$3,792,424$1,839,322$1,453,527$3,724,715
42$4,098,450$1,848,647$1,421,418$3,996,524
43$4,433,144$1,855,883$1,385,688$4,293,391
44$4,799,353$1,860,849$1,346,136$4,617,817
45$5,200,206$1,863,350$1,302,551$4,972,557
46$5,639,153$1,863,180$1,254,713$5,360,648
47$6,119,991$1,860,120$1,202,390$5,785,436
48$6,646,902$1,853,938$1,145,342$6,250,607
49$7,224,492$1,844,387$1,083,318$6,760,224
50$7,857,835$1,831,206$1,016,053$7,318,762
51$8,552,516$1,814,118$943,272$7,931,155
52$9,314,690$1,792,827$864,689$8,602,837
53$10,151,134$1,767,021$780,003$9,339,800
54$11,069,317$1,736,372$688,899$10,148,643
55$12,077,460$1,700,528$591,051$11,036,641
56$13,184,626$1,659,118$486,115$12,011,810
57$14,400,793$1,611,750$373,736$13,082,984
58$15,736,956$1,558,008$253,538$14,259,899
59$17,205,227$1,497,452$125,133$15,553,282
60$18,818,949$1,429,616$0$16,974,957
61$20,592,823$1,354,009$0$18,538,972
62$22,543,044$1,270,108$0$20,270,133
63$24,687,455$1,177,363$0$22,173,613
64$27,045,713$1,075,192$0$24,266,892
65$29,639,479$962,979$0$26,569,230
66$32,492,614$840,074$0$29,101,856
67$35,631,411$705,788$0$31,888,156
68$39,084,839$559,395$0$34,953,907
69$42,884,815$400,129$0$38,327,510
70$47,066,509$227,178$0$42,040,264
71$51,668,670$39,687$0$46,126,659
72$56,733,995$0$0$50,624,703
73$62,309,530$0$0$55,596,039
74$68,447,112$0$0$61,073,853
75$75,203,860$0$0$67,104,325
76$82,642,714$0$0$73,743,634
77$90,833,025$0$0$81,053,685
78$99,851,211$0$0$89,102,689
79$109,781,479$0$0$97,965,810
80$120,716,616$0$0$107,725,870
81$132,758,865$0$0$118,474,135
82$146,020,892$0$0$130,311,169
83$160,626,846$0$0$143,347,791
84$176,713,529$0$0$157,706,111
85$194,431,691$0$0$173,520,691
86$213,947,446$0$0$190,939,808
87$235,443,846$0$0$210,126,854
88$259,122,602$0$0$231,261,882
89$285,205,991$0$0$254,543,298
90$313,938,951$0$0$280,189,739
91$345,591,395$0$0$308,442,132
92$380,460,754$0$0$339,565,970
93$418,874,787$0$0$373,853,816
94$461,194,674$0$0$411,628,064
95$507,818,420$0$0$453,243,982
96$559,184,619$0$0$499,093,063
97$615,776,584$0$0$549,606,725
98$678,126,916$0$0$605,260,373
99$746,822,528$0$0$666,577,898
100$822,510,182$0$0$734,136,611