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%19.8%
1 years$128,823$127,676$126,556$125,464$124,397$119,508
2 years$63,774$62,586$61,435$60,319$59,236$54,371
3 years$42,094$40,901$39,753$38,647$37,582$32,893
4 years$31,256$30,066$28,930$27,843$26,804$22,327
5 years$24,754$23,572$22,451$21,386$20,376$16,123
6 years$20,422$19,249$18,143$17,103$16,123$12,096
7 years$17,328$16,165$15,077$14,061$13,112$9,310
8 years$15,009$13,856$12,787$11,795$10,878$7,297
9 years$13,206$12,064$11,013$10,047$9,161$5,796
10 years$11,765$10,634$9,602$8,661$7,805$4,649
11 years$10,586$9,467$8,453$7,537$6,713$3,759
12 years$9,605$8,497$7,502$6,611$5,817$3,057
13 years$8,775$7,679$6,702$5,837$5,073$2,499
14 years$8,065$6,980$6,022$5,181$4,447$2,050
15 years$7,449$6,376$5,437$4,621$3,915$1,687
16 years$6,911$5,850$4,930$4,137$3,460$1,392
17 years$6,437$5,388$4,486$3,717$3,068$1,151
18 years$6,016$4,979$4,095$3,350$2,728$953
19 years$5,640$4,614$3,749$3,027$2,432$790
20 years$5,302$4,288$3,440$2,742$2,172$656
21 years$4,996$3,994$3,164$2,488$1,944$545
22 years$4,719$3,728$2,917$2,262$1,742$453
23 years$4,466$3,487$2,693$2,060$1,564$377
24 years$4,235$3,267$2,491$1,879$1,406$314
25 years$4,022$3,066$2,307$1,716$1,265$261
26 years$3,826$2,881$2,139$1,569$1,139$218
27 years$3,645$2,712$1,987$1,436$1,027$182
28 years$3,477$2,555$1,847$1,316$927$151
29 years$3,321$2,411$1,719$1,207$837$126
30 years$3,175$2,276$1,601$1,108$756$105
31 years$3,040$2,152$1,492$1,017$684$88
32 years$2,913$2,036$1,392$935$618$73
33 years$2,794$1,928$1,300$860$560$61
34 years$2,682$1,828$1,215$791$507$51
35 years$2,577$1,733$1,136$728$459$43
36 years$2,478$1,645$1,062$671$416$36
37 years$2,384$1,563$994$618$377$30
38 years$2,296$1,485$931$569$342$25
39 years$2,212$1,412$872$525$310$21
40 years$2,133$1,344$818$484$281$17
41 years$2,058$1,279$767$447$255$14
42 years$1,986$1,218$719$412$231$12
43 years$1,918$1,161$675$381$210$10
44 years$1,854$1,106$634$351$191$8
45 years$1,792$1,055$595$325$173$7
46 years$1,733$1,006$559$300$157$6
47 years$1,677$960$525$277$143$5
48 years$1,623$917$493$256$130$4
49 years$1,572$875$464$237$118$3
50 years$1,523$836$436$219$107$3

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 $6,291 every year, while hoping to spend $20,987 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: 60/34/6 Blend
29$1,560,000$1,560,000$1,560,000$1,560,000
30$1,725,609$1,642,929$1,618,749$1,826,800
31$1,879,291$1,701,103$1,650,647$1,953,443
32$2,047,946$1,761,423$1,682,911$2,088,528
33$2,233,077$1,823,974$1,715,529$2,235,327
34$2,436,344$1,888,841$1,748,492$2,394,966
35$2,659,571$1,956,115$1,781,787$2,568,684
36$2,904,772$2,025,889$1,815,401$2,757,845
37$3,174,162$2,098,261$1,849,320$2,963,946
38$3,470,182$2,173,331$1,883,528$3,188,638
39$3,795,522$2,251,206$1,918,008$3,433,736
40$4,153,146$2,331,996$1,952,742$3,701,237
41$4,546,317$2,415,814$1,987,709$3,993,339
42$4,978,633$2,502,780$2,022,889$4,312,461
43$5,454,055$2,593,018$2,058,257$4,661,267
44$5,976,950$2,686,658$2,093,790$5,042,688
45$6,552,128$2,783,833$2,129,461$5,459,950
46$7,184,888$2,884,683$2,165,241$5,916,605
47$7,881,069$2,989,355$2,201,099$6,416,566
48$8,647,105$3,098,001$2,237,003$6,964,137
49$9,490,086$3,210,779$2,272,918$7,564,062
50$10,417,821$3,327,854$2,308,808$8,221,560
51$11,438,917$3,449,397$2,344,631$8,942,381
52$12,562,857$3,575,588$2,380,347$9,732,856
53$13,800,090$3,706,613$2,415,910$10,599,959
54$15,162,129$3,842,667$2,451,273$11,551,368
55$16,661,660$3,983,952$2,486,385$12,595,541
56$18,312,663$4,130,679$2,521,192$13,741,793
57$20,130,541$4,283,069$2,555,638$15,000,383
58$22,132,267$4,441,350$2,589,663$16,382,613
59$24,336,545$4,605,762$2,623,203$17,900,929
60$26,763,982$4,776,554$2,656,190$19,569,045
61$29,437,288$4,953,986$2,688,552$21,402,063
62$32,381,489$5,138,328$2,720,216$23,416,622
63$35,624,158$5,329,863$2,751,100$25,631,050
64$39,195,682$5,528,886$2,781,122$28,065,538
65$43,129,544$5,735,704$2,810,192$30,742,330
66$47,462,640$5,950,637$2,838,216$33,685,930
67$52,235,630$6,174,018$2,865,097$36,923,336
68$57,493,316$6,406,198$2,890,730$40,484,288
69$63,285,071$6,647,537$2,915,006$44,401,555
70$69,665,299$6,898,417$2,937,809$48,711,237
71$76,693,952$7,159,232$2,959,018$53,453,108
72$84,437,096$7,430,396$2,978,506$58,670,991
73$92,967,532$7,712,337$2,996,138$64,413,166
74$102,365,484$8,005,506$3,011,773$70,732,830
75$112,719,359$8,310,371$3,025,263$77,688,595
76$124,126,576$8,627,421$3,036,451$85,345,039
77$136,694,488$8,957,167$3,045,175$93,773,318
78$150,541,399$9,300,141$3,051,260$103,051,831
79$165,797,672$9,656,898$3,054,529$113,266,965
80$182,606,969$10,028,020$3,054,789$124,513,901
81$201,127,598$10,414,112$3,051,844$136,897,519
82$221,534,016$10,815,806$3,045,483$150,533,381
83$244,018,467$11,233,763$3,035,488$165,548,822
84$268,792,804$11,668,670$3,021,630$182,084,150
85$296,090,484$12,121,248$3,003,668$200,293,969
86$326,168,772$12,592,248$2,981,350$220,348,636
87$359,311,173$13,082,455$2,954,412$242,435,868
88$395,830,104$13,592,687$2,922,576$266,762,509
89$436,069,846$14,123,800$2,885,554$293,556,487
90$480,409,792$14,676,687$2,843,041$323,068,955
91$529,268,028$15,252,282$2,794,720$355,576,666
92$583,105,281$15,851,558$2,740,258$391,384,580
93$642,429,270$16,475,535$2,679,306$430,828,741
94$707,799,494$17,125,274$2,611,501$474,279,449
95$779,832,517$17,801,888$2,536,462$522,144,749
96$859,207,789$18,506,536$2,453,789$574,874,281
97$946,674,059$19,240,431$2,363,066$632,963,525
98$1,043,056,441$20,004,840$2,263,856$696,958,473
99$1,149,264,206$20,801,086$2,155,704$767,460,779
100$1,266,299,369$21,630,553$2,038,134$845,133,439