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

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$130,475$129,313$128,179$127,072$125,991$122,400
2 years$64,592$63,389$62,223$61,092$59,996$56,405
3 years$42,633$41,425$40,262$39,142$38,064$34,587
4 years$31,656$30,452$29,301$28,200$27,147$23,811
5 years$25,072$23,875$22,738$21,660$20,637$17,450
6 years$20,684$19,495$18,376$17,322$16,329$13,294
7 years$17,550$16,372$15,271$14,241$13,280$10,398
8 years$15,202$14,034$12,951$11,947$11,017$8,285
9 years$13,376$12,219$11,154$10,176$9,278$6,694
10 years$11,916$10,771$9,725$8,772$7,905$5,466
11 years$10,722$9,588$8,561$7,634$6,799$4,500
12 years$9,728$8,606$7,598$6,696$5,892$3,729
13 years$8,888$7,777$6,788$5,912$5,138$3,106
14 years$8,168$7,069$6,099$5,248$4,504$2,599
15 years$7,545$6,458$5,507$4,680$3,965$2,181
16 years$7,000$5,925$4,993$4,190$3,505$1,836
17 years$6,520$5,457$4,543$3,765$3,107$1,550
18 years$6,093$5,042$4,147$3,393$2,763$1,310
19 years$5,712$4,673$3,797$3,066$2,463$1,110
20 years$5,370$4,343$3,484$2,777$2,200$941
21 years$5,060$4,045$3,205$2,520$1,969$799
22 years$4,779$3,776$2,954$2,291$1,765$679
23 years$4,523$3,531$2,727$2,087$1,584$578
24 years$4,289$3,309$2,522$1,903$1,424$492
25 years$4,073$3,105$2,336$1,738$1,281$419
26 years$3,875$2,918$2,167$1,589$1,154$357
27 years$3,692$2,746$2,012$1,455$1,040$304
28 years$3,521$2,588$1,870$1,333$939$260
29 years$3,363$2,441$1,741$1,222$848$222
30 years$3,216$2,306$1,621$1,122$766$189
31 years$3,079$2,180$1,512$1,030$692$161
32 years$2,950$2,062$1,410$947$626$138
33 years$2,830$1,953$1,317$871$567$118
34 years$2,716$1,851$1,230$801$513$100
35 years$2,610$1,756$1,150$737$465$86
36 years$2,509$1,666$1,076$679$421$73
37 years$2,415$1,583$1,007$626$382$63
38 years$2,325$1,504$943$577$346$53
39 years$2,240$1,430$884$532$314$46
40 years$2,160$1,361$828$491$285$39
41 years$2,084$1,295$777$453$258$33
42 years$2,012$1,234$728$418$234$29
43 years$1,943$1,175$684$386$213$24
44 years$1,877$1,120$642$356$193$21
45 years$1,815$1,068$603$329$175$18
46 years$1,755$1,019$566$304$159$15
47 years$1,699$973$532$281$144$13
48 years$1,644$929$500$259$131$11
49 years$1,592$887$470$240$119$9
50 years$1,543$847$441$221$108$8

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 $4,852 every year, while hoping to spend $40,343 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: 40/38/22 Blend
29$1,580,000$1,580,000$1,580,000$1,580,000
30$1,746,165$1,662,425$1,637,935$1,804,468
31$1,881,349$1,700,959$1,649,881$1,885,335
32$2,028,970$1,740,029$1,660,875$1,968,571
33$2,190,253$1,779,619$1,670,843$2,057,805
34$2,366,549$1,819,710$1,679,706$2,153,609
35$2,559,343$1,860,282$1,687,382$2,256,610
36$2,770,271$1,901,311$1,693,785$2,367,500
37$3,001,135$1,942,772$1,698,823$2,487,043
38$3,253,918$1,984,635$1,702,401$2,616,079
39$3,530,806$2,026,870$1,704,419$2,755,538
40$3,834,202$2,069,441$1,704,772$2,906,441
41$4,166,758$2,112,311$1,703,349$3,069,916
42$4,531,391$2,155,438$1,700,034$3,247,207
43$4,931,315$2,198,776$1,694,707$3,439,685
44$5,370,069$2,242,275$1,687,240$3,648,860
45$5,851,552$2,285,883$1,677,499$3,876,401
46$6,380,059$2,329,540$1,665,344$4,124,146
47$6,960,321$2,373,184$1,650,629$4,394,120
48$7,597,549$2,416,745$1,633,200$4,688,560
49$8,297,483$2,460,150$1,612,896$5,009,930
50$9,066,447$2,503,318$1,589,549$5,360,947
51$9,911,409$2,546,164$1,562,983$5,744,607
52$10,840,042$2,588,596$1,533,012$6,164,217
53$11,860,802$2,630,513$1,499,444$6,623,418
54$12,983,005$2,671,810$1,462,077$7,126,229
55$14,216,913$2,712,370$1,420,698$7,677,079
56$15,573,834$2,752,071$1,375,087$8,280,855
57$17,066,224$2,790,782$1,325,012$8,942,943
58$18,707,810$2,828,362$1,270,231$9,669,280
59$20,513,714$2,864,659$1,210,491$10,466,417
60$22,500,598$2,899,512$1,145,527$11,341,573
61$24,686,820$2,932,749$1,075,063$12,302,709
62$27,092,609$2,964,187$998,811$13,358,604
63$29,740,251$2,993,628$916,467$14,518,934
64$32,654,305$3,020,864$827,717$15,794,371
65$35,861,830$3,045,673$732,232$17,196,678
66$39,392,642$3,067,815$629,666$18,738,825
67$43,279,592$3,087,039$519,661$20,435,111
68$47,558,882$3,103,076$401,841$22,301,302
69$52,270,400$3,115,638$275,815$24,354,776
70$57,458,099$3,124,422$141,173$26,614,695
71$63,170,410$3,129,105$0$29,102,182
72$69,460,703$3,129,342$0$31,841,113
73$76,387,783$3,124,768$0$34,891,972
74$84,016,451$3,114,995$0$38,249,995
75$92,418,112$3,099,613$0$41,946,491
76$101,671,450$3,078,185$0$46,015,971
77$111,863,169$3,050,247$0$50,496,468
78$123,088,812$3,015,309$0$55,429,900
79$135,453,663$2,972,851$0$60,862,469
80$149,073,736$2,922,321$0$66,845,093
81$164,076,877$2,863,134$0$73,433,892
82$180,603,963$2,794,672$0$80,690,717
83$198,810,236$2,716,280$0$88,683,738
84$218,866,766$2,627,264$0$97,488,084
85$240,962,066$2,526,889$0$107,186,557
86$265,303,869$2,414,379$0$117,870,416
87$292,121,092$2,288,912$0$129,640,239
88$321,665,993$2,149,618$0$142,606,872
89$354,216,552$1,995,578$0$156,892,484
90$390,079,099$1,825,819$0$172,631,713
91$429,591,198$1,639,315$0$189,972,949
92$473,124,838$1,434,980$0$209,079,729
93$521,089,942$1,211,665$0$230,132,289
94$573,938,238$968,158$0$253,329,266
95$632,167,519$703,178$0$278,889,575
96$696,326,346$415,374$0$307,054,481
97$767,019,222$103,316$0$338,089,878
98$844,912,300$0$0$372,288,804
99$930,739,671$0$0$410,072,267
100$1,025,310,294$0$0$451,752,768