Can I retire at age 30 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$130,475$129,313$128,179$127,072$125,991$121,812
2 years$64,592$63,389$62,223$61,092$59,996$55,826
3 years$42,633$41,425$40,262$39,142$38,064$34,034
4 years$31,656$30,452$29,301$28,200$27,147$23,289
5 years$25,072$23,875$22,738$21,660$20,637$16,960
6 years$20,684$19,495$18,376$17,322$16,329$12,836
7 years$17,550$16,372$15,271$14,241$13,280$9,971
8 years$15,202$14,034$12,951$11,947$11,017$7,889
9 years$13,376$12,219$11,154$10,176$9,278$6,328
10 years$11,916$10,771$9,725$8,772$7,905$5,128
11 years$10,722$9,588$8,561$7,634$6,799$4,189
12 years$9,728$8,606$7,598$6,696$5,892$3,444
13 years$8,888$7,777$6,788$5,912$5,138$2,846
14 years$8,168$7,069$6,099$5,248$4,504$2,361
15 years$7,545$6,458$5,507$4,680$3,965$1,965
16 years$7,000$5,925$4,993$4,190$3,505$1,640
17 years$6,520$5,457$4,543$3,765$3,107$1,372
18 years$6,093$5,042$4,147$3,393$2,763$1,150
19 years$5,712$4,673$3,797$3,066$2,463$965
20 years$5,370$4,343$3,484$2,777$2,200$811
21 years$5,060$4,045$3,205$2,520$1,969$682
22 years$4,779$3,776$2,954$2,291$1,765$574
23 years$4,523$3,531$2,727$2,087$1,584$484
24 years$4,289$3,309$2,522$1,903$1,424$408
25 years$4,073$3,105$2,336$1,738$1,281$344
26 years$3,875$2,918$2,167$1,589$1,154$291
27 years$3,692$2,746$2,012$1,455$1,040$245
28 years$3,521$2,588$1,870$1,333$939$207
29 years$3,363$2,441$1,741$1,222$848$175
30 years$3,216$2,306$1,621$1,122$766$148
31 years$3,079$2,180$1,512$1,030$692$125
32 years$2,950$2,062$1,410$947$626$106
33 years$2,830$1,953$1,317$871$567$89
34 years$2,716$1,851$1,230$801$513$76
35 years$2,610$1,756$1,150$737$465$64
36 years$2,509$1,666$1,076$679$421$54
37 years$2,415$1,583$1,007$626$382$46
38 years$2,325$1,504$943$577$346$39
39 years$2,240$1,430$884$532$314$33
40 years$2,160$1,361$828$491$285$28
41 years$2,084$1,295$777$453$258$23
42 years$2,012$1,234$728$418$234$20
43 years$1,943$1,175$684$386$213$17
44 years$1,877$1,120$642$356$193$14
45 years$1,815$1,068$603$329$175$12
46 years$1,755$1,019$566$304$159$10
47 years$1,699$973$532$281$144$9
48 years$1,644$929$500$259$131$7
49 years$1,592$887$470$240$119$6
50 years$1,543$847$441$221$108$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,580,000, adding $6,593 every year, while hoping to spend $45,961 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: 30/41/29 Blend
29$1,580,000$1,580,000$1,580,000$1,580,000
30$1,747,961$1,664,221$1,639,731$1,784,682
31$1,877,351$1,696,865$1,645,760$1,846,670
32$2,018,398$1,729,569$1,650,450$1,908,864
33$2,172,243$1,762,287$1,653,708$1,974,869
34$2,340,141$1,794,968$1,655,437$2,045,050
35$2,523,474$1,827,560$1,655,533$2,119,808
36$2,723,764$1,860,006$1,653,889$2,199,591
37$2,942,684$1,892,242$1,650,390$2,284,891
38$3,182,078$1,924,203$1,644,919$2,376,253
39$3,443,977$1,955,816$1,637,350$2,474,280
40$3,730,615$1,987,003$1,627,554$2,579,639
41$4,044,454$2,017,683$1,615,394$2,693,067
42$4,388,204$2,047,765$1,600,725$2,815,380
43$4,764,850$2,077,154$1,583,398$2,947,477
44$5,177,679$2,105,749$1,563,256$3,090,354
45$5,630,311$2,133,439$1,540,134$3,245,113
46$6,126,733$2,160,108$1,513,859$3,412,969
47$6,671,338$2,185,631$1,484,251$3,595,267
48$7,268,962$2,209,875$1,451,121$3,793,491
49$7,924,934$2,232,697$1,414,271$4,009,284
50$8,645,123$2,253,945$1,373,495$4,244,459
51$9,435,994$2,273,457$1,328,576$4,501,017
52$10,304,670$2,291,061$1,279,288$4,781,174
53$11,258,996$2,306,573$1,225,394$5,087,371
54$12,307,616$2,319,797$1,166,647$5,422,309
55$13,460,052$2,330,526$1,102,789$5,788,969
56$14,726,793$2,338,538$1,033,548$6,190,643
57$16,119,397$2,343,597$958,643$6,630,966
58$17,650,597$2,345,455$877,779$7,113,952
59$19,334,420$2,343,844$790,647$7,644,031
60$21,186,322$2,338,484$696,925$8,226,097
61$23,223,332$2,329,075$596,277$8,865,548
62$25,464,211$2,315,298$488,351$9,568,347
63$27,929,630$2,296,818$372,781$10,341,071
64$30,642,367$2,273,276$249,183$11,190,984
65$33,627,516$2,244,294$117,158$12,126,099
66$36,912,728$2,209,470$0$13,155,259
67$40,528,471$2,168,379$0$14,295,569
68$44,508,316$2,120,570$0$15,589,617
69$48,889,251$2,065,565$0$17,013,136
70$53,712,036$2,002,859$0$18,579,382
71$59,021,582$1,931,918$0$20,302,970
72$64,867,375$1,852,174$0$22,200,018
73$71,303,946$1,763,028$0$24,288,293
74$78,391,379$1,663,848$0$26,587,386
75$86,195,886$1,553,962$0$29,118,896
76$94,790,422$1,432,663$0$31,906,637
77$104,255,382$1,299,200$0$34,976,864
78$114,679,353$1,152,782$0$38,358,520
79$126,159,950$992,572$0$42,083,517
80$138,804,743$817,686$0$46,187,036
81$152,732,264$627,190$0$50,707,859
82$168,073,130$420,096$0$55,688,742
83$184,971,272$195,364$0$61,176,820
84$203,585,297$0$0$67,224,052
85$224,089,981$0$0$73,909,424
86$246,677,922$0$0$81,371,493
87$271,561,351$0$0$89,592,278
88$298,974,142$0$0$98,649,091
89$329,174,014$0$0$108,627,128
90$362,444,965$0$0$119,620,273
91$399,099,952$0$0$131,731,985
92$439,483,844$0$0$145,076,270
93$483,976,678$0$0$159,778,763
94$532,997,243$0$0$175,977,908
95$587,007,036$0$0$193,826,270
96$646,514,617$0$0$213,491,971
97$712,080,406$0$0$235,160,279
98$784,321,977$0$0$259,035,357
99$863,919,883$0$0$285,342,188
100$951,624,083$0$0$314,328,700