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%
1 years$128,823$127,676$126,556$125,464$124,397$123,354
2 years$63,774$62,586$61,435$60,319$59,236$58,186
3 years$42,094$40,901$39,753$38,647$37,582$36,556
4 years$31,256$30,066$28,930$27,843$26,804$25,810
5 years$24,754$23,572$22,451$21,386$20,376$19,417
6 years$20,422$19,249$18,143$17,103$16,123$15,200
7 years$17,328$16,165$15,077$14,061$13,112$12,227
8 years$15,009$13,856$12,787$11,795$10,878$10,029
9 years$13,206$12,064$11,013$10,047$9,161$8,348
10 years$11,765$10,634$9,602$8,661$7,805$7,029
11 years$10,586$9,467$8,453$7,537$6,713$5,972
12 years$9,605$8,497$7,502$6,611$5,817$5,111
13 years$8,775$7,679$6,702$5,837$5,073$4,401
14 years$8,065$6,980$6,022$5,181$4,447$3,808
15 years$7,449$6,376$5,437$4,621$3,915$3,309
16 years$6,911$5,850$4,930$4,137$3,460$2,885
17 years$6,437$5,388$4,486$3,717$3,068$2,523
18 years$6,016$4,979$4,095$3,350$2,728$2,213
19 years$5,640$4,614$3,749$3,027$2,432$1,944
20 years$5,302$4,288$3,440$2,742$2,172$1,712
21 years$4,996$3,994$3,164$2,488$1,944$1,510
22 years$4,719$3,728$2,917$2,262$1,742$1,334
23 years$4,466$3,487$2,693$2,060$1,564$1,179
24 years$4,235$3,267$2,491$1,879$1,406$1,044
25 years$4,022$3,066$2,307$1,716$1,265$925
26 years$3,826$2,881$2,139$1,569$1,139$821
27 years$3,645$2,712$1,987$1,436$1,027$728
28 years$3,477$2,555$1,847$1,316$927$647
29 years$3,321$2,411$1,719$1,207$837$575
30 years$3,175$2,276$1,601$1,108$756$511
31 years$3,040$2,152$1,492$1,017$684$455
32 years$2,913$2,036$1,392$935$618$405
33 years$2,794$1,928$1,300$860$560$360
34 years$2,682$1,828$1,215$791$507$321
35 years$2,577$1,733$1,136$728$459$286
36 years$2,478$1,645$1,062$671$416$255
37 years$2,384$1,563$994$618$377$227
38 years$2,296$1,485$931$569$342$202
39 years$2,212$1,412$872$525$310$180
40 years$2,133$1,344$818$484$281$161
41 years$2,058$1,279$767$447$255$143
42 years$1,986$1,218$719$412$231$128
43 years$1,918$1,161$675$381$210$114
44 years$1,854$1,106$634$351$191$102
45 years$1,792$1,055$595$325$173$91
46 years$1,733$1,006$559$300$157$81
47 years$1,677$960$525$277$143$72
48 years$1,623$917$493$256$130$65
49 years$1,572$875$464$237$118$58
50 years$1,523$836$436$219$107$51

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 $6,426 every year, while hoping to spend $40,467 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: 64/24/12 Blend
29$1,560,000$1,560,000$1,560,000$1,560,000
30$1,725,748$1,643,068$1,618,888$1,831,032
31$1,858,718$1,680,522$1,630,065$1,939,656
32$2,003,895$1,718,455$1,640,259$2,052,970
33$2,162,480$1,756,847$1,649,396$2,175,729
34$2,335,798$1,795,678$1,657,396$2,308,852
35$2,525,306$1,834,923$1,664,175$2,453,350
36$2,732,608$1,874,555$1,669,646$2,610,337
37$2,959,472$1,914,546$1,673,716$2,781,040
38$3,207,841$1,954,862$1,676,289$2,966,812
39$3,479,860$1,995,469$1,677,264$3,169,142
40$3,777,886$2,036,327$1,676,532$3,389,670
41$4,104,517$2,077,394$1,673,983$3,630,205
42$4,462,616$2,118,625$1,669,500$3,892,739
43$4,855,333$2,159,967$1,662,958$4,179,467
44$5,286,139$2,201,368$1,654,230$4,492,806
45$5,758,858$2,242,768$1,643,179$4,835,422
46$6,277,701$2,284,102$1,629,664$5,210,251
47$6,847,305$2,325,302$1,613,537$5,620,529
48$7,472,782$2,366,294$1,594,642$6,069,822
49$8,159,759$2,406,996$1,572,816$6,562,060
50$8,914,438$2,447,322$1,547,889$7,101,573
51$9,743,649$2,487,179$1,519,682$7,693,134
52$10,654,918$2,526,467$1,488,008$8,342,001
53$11,656,535$2,565,079$1,452,671$9,053,970
54$12,757,633$2,602,900$1,413,467$9,835,430
55$13,968,275$2,639,806$1,370,182$10,693,420
56$15,299,548$2,675,665$1,322,592$11,635,697
57$16,763,666$2,710,337$1,270,463$12,670,813
58$18,374,086$2,743,670$1,213,550$13,808,190
59$20,145,636$2,775,502$1,151,597$15,058,213
60$22,094,652$2,805,662$1,084,336$16,432,328
61$24,239,133$2,833,967$1,011,488$17,943,149
62$26,598,912$2,860,219$932,760$19,604,579
63$29,195,841$2,884,210$847,848$21,431,938
64$32,053,999$2,905,718$756,432$23,442,113
65$35,199,914$2,924,505$658,180$25,653,714
66$38,662,819$2,940,320$552,743$28,087,253
67$42,474,925$2,952,893$439,758$30,765,334
68$46,671,723$2,961,941$318,846$33,712,870
69$51,292,322$2,967,159$189,610$36,957,318
70$56,379,814$2,968,226$51,638$40,528,939
71$61,981,685$2,964,798$0$44,461,083
72$68,150,256$2,956,513$0$48,802,748
73$74,943,185$2,942,986$0$53,590,051
74$82,424,004$2,923,805$0$58,861,079
75$90,662,719$2,898,538$0$64,665,098
76$99,736,474$2,866,725$0$71,056,399
77$109,730,276$2,827,876$0$78,094,812
78$120,737,798$2,781,475$0$85,846,272
79$132,862,260$2,726,975$0$94,383,441
80$146,217,408$2,663,793$0$103,786,395
81$160,928,581$2,591,317$0$114,143,378
82$177,133,899$2,508,894$0$125,551,640
83$194,985,564$2,415,837$0$138,118,351
84$214,651,295$2,311,417$0$151,961,616
85$236,315,912$2,194,861$0$167,211,592
86$260,183,081$2,065,355$0$184,011,713
87$286,477,234$1,922,037$0$202,520,051
88$315,445,688$1,763,993$0$222,910,802
89$347,360,980$1,590,260$0$245,375,939
90$382,523,436$1,399,819$0$270,127,018
91$421,264,009$1,191,592$0$297,397,183
92$463,947,401$964,443$0$327,443,364
93$510,975,504$717,169$0$360,548,705
94$562,791,196$448,501$0$397,025,238
95$619,882,519$157,098$0$437,216,831
96$682,787,285$0$0$481,502,437
97$752,098,155$0$0$530,341,517
98$828,468,230$0$0$584,200,708
99$912,617,219$0$0$643,546,114
100$1,005,338,230$0$0$708,937,095