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%15.4%
1 years$130,475$129,313$128,179$127,072$125,991$123,196
2 years$64,592$63,389$62,223$61,092$59,996$57,194
3 years$42,633$41,425$40,262$39,142$38,064$35,343
4 years$31,656$30,452$29,301$28,200$27,147$24,529
5 years$25,072$23,875$22,738$21,660$20,637$18,128
6 years$20,684$19,495$18,376$17,322$16,329$13,932
7 years$17,550$16,372$15,271$14,241$13,280$10,995
8 years$15,202$14,034$12,951$11,947$11,017$8,844
9 years$13,376$12,219$11,154$10,176$9,278$7,215
10 years$11,916$10,771$9,725$8,772$7,905$5,950
11 years$10,722$9,588$8,561$7,634$6,799$4,949
12 years$9,728$8,606$7,598$6,696$5,892$4,144
13 years$8,888$7,777$6,788$5,912$5,138$3,490
14 years$8,168$7,069$6,099$5,248$4,504$2,951
15 years$7,545$6,458$5,507$4,680$3,965$2,506
16 years$7,000$5,925$4,993$4,190$3,505$2,134
17 years$6,520$5,457$4,543$3,765$3,107$1,822
18 years$6,093$5,042$4,147$3,393$2,763$1,558
19 years$5,712$4,673$3,797$3,066$2,463$1,336
20 years$5,370$4,343$3,484$2,777$2,200$1,147
21 years$5,060$4,045$3,205$2,520$1,969$986
22 years$4,779$3,776$2,954$2,291$1,765$848
23 years$4,523$3,531$2,727$2,087$1,584$731
24 years$4,289$3,309$2,522$1,903$1,424$630
25 years$4,073$3,105$2,336$1,738$1,281$544
26 years$3,875$2,918$2,167$1,589$1,154$469
27 years$3,692$2,746$2,012$1,455$1,040$405
28 years$3,521$2,588$1,870$1,333$939$350
29 years$3,363$2,441$1,741$1,222$848$303
30 years$3,216$2,306$1,621$1,122$766$262
31 years$3,079$2,180$1,512$1,030$692$226
32 years$2,950$2,062$1,410$947$626$196
33 years$2,830$1,953$1,317$871$567$170
34 years$2,716$1,851$1,230$801$513$147
35 years$2,610$1,756$1,150$737$465$127
36 years$2,509$1,666$1,076$679$421$110
37 years$2,415$1,583$1,007$626$382$95
38 years$2,325$1,504$943$577$346$82
39 years$2,240$1,430$884$532$314$71
40 years$2,160$1,361$828$491$285$62
41 years$2,084$1,295$777$453$258$54
42 years$2,012$1,234$728$418$234$46
43 years$1,943$1,175$684$386$213$40
44 years$1,877$1,120$642$356$193$35
45 years$1,815$1,068$603$329$175$30
46 years$1,755$1,019$566$304$159$26
47 years$1,699$973$532$281$144$23
48 years$1,644$929$500$259$131$20
49 years$1,592$887$470$240$119$17
50 years$1,543$847$441$221$108$15

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 $6,319 every year, while hoping to spend $38,922 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: 65/17/18 Blend
29$1,580,000$1,580,000$1,580,000$1,580,000
30$1,747,678$1,663,938$1,639,448$1,853,053
31$1,884,529$1,704,058$1,652,957$1,964,612
32$2,034,033$1,744,840$1,665,614$2,081,435
33$2,197,442$1,786,274$1,677,349$2,208,165
34$2,376,130$1,828,351$1,688,089$2,345,773
35$2,571,613$1,871,058$1,697,758$2,495,327
36$2,785,558$1,914,380$1,706,274$2,658,005
37$3,019,802$1,958,302$1,713,551$2,835,104
38$3,276,368$2,002,805$1,719,501$3,028,052
39$3,557,483$2,047,868$1,724,030$3,238,424
40$3,865,600$2,093,467$1,727,038$3,467,954
41$4,203,420$2,139,576$1,728,423$3,718,554
42$4,573,919$2,186,165$1,728,075$3,992,329
43$4,980,374$2,233,202$1,725,881$4,291,601
44$5,426,395$2,280,652$1,721,721$4,618,926
45$5,915,957$2,328,474$1,715,468$4,977,122
46$6,453,442$2,376,626$1,706,993$5,369,295
47$7,043,672$2,425,060$1,696,157$5,798,866
48$7,691,963$2,473,724$1,682,814$6,269,606
49$8,404,170$2,522,563$1,666,815$6,785,671
50$9,186,742$2,571,516$1,648,000$7,351,640
51$10,046,784$2,620,515$1,626,203$7,972,562
52$10,992,126$2,669,490$1,601,251$8,653,997
53$12,031,390$2,718,362$1,572,960$9,402,077
54$13,174,078$2,767,048$1,541,141$10,223,555
55$14,430,659$2,815,458$1,505,593$11,125,879
56$15,812,664$2,863,494$1,466,109$12,117,252
57$17,332,802$2,911,051$1,422,469$13,206,717
58$19,005,072$2,958,016$1,374,446$14,404,241
59$20,844,899$3,004,269$1,321,800$15,720,807
60$22,869,280$3,049,680$1,264,282$17,168,520
61$25,096,942$3,094,109$1,201,630$18,760,721
62$27,548,517$3,137,408$1,133,572$20,512,112
63$30,246,741$3,179,416$1,059,822$22,438,896
64$33,216,665$3,219,963$980,082$24,558,933
65$36,485,891$3,258,867$894,041$26,891,904
66$40,084,833$3,295,933$801,372$29,459,499
67$44,047,004$3,330,953$701,737$32,285,624
68$48,409,334$3,363,704$594,780$35,396,625
69$53,212,511$3,393,951$480,130$38,821,538
70$58,501,372$3,421,440$357,400$42,592,362
71$64,325,326$3,445,904$226,187$46,744,366
72$70,738,812$3,467,056$86,067$51,316,415
73$77,801,821$3,484,592$0$56,351,346
74$85,580,458$3,498,188$0$61,908,555
75$94,147,566$3,507,501$0$68,046,314
76$103,583,413$3,512,164$0$74,805,504
77$113,976,449$3,511,788$0$82,249,414
78$125,424,142$3,505,961$0$90,447,785
79$138,033,896$3,494,244$0$99,477,472
80$151,924,064$3,476,173$0$109,423,167
81$167,225,067$3,451,253$0$120,378,203
82$184,080,621$3,418,962$0$132,445,431
83$202,649,098$3,378,745$0$145,738,190
84$223,105,015$3,330,013$0$160,381,384
85$245,640,686$3,272,143$0$176,512,654
86$270,468,033$3,204,474$0$194,283,681
87$297,820,587$3,126,308$0$213,861,619
88$327,955,693$3,036,903$0$235,430,671
89$361,156,938$2,935,476$0$259,193,831
90$397,736,827$2,821,196$0$285,374,795
91$438,039,735$2,693,186$0$314,220,083
92$482,445,152$2,550,517$0$346,001,358
93$531,371,271$2,392,205$0$381,017,994
94$585,278,931$2,217,213$0$419,599,904
95$644,675,967$2,024,442$0$462,110,654
96$710,122,006$1,812,730$0$508,950,897
97$782,233,748$1,580,851$0$560,562,154
98$861,690,785$1,327,508$0$617,430,987
99$949,242,020$1,051,330$0$680,093,588
100$1,045,712,732$750,871$0$749,140,845