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%20%
1 years$130,475$129,313$128,179$127,072$125,991$120,945
2 years$64,592$63,389$62,223$61,092$59,996$54,975
3 years$42,633$41,425$40,262$39,142$38,064$33,227
4 years$31,656$30,452$29,301$28,200$27,147$22,531
5 years$25,072$23,875$22,738$21,660$20,637$16,253
6 years$20,684$19,495$18,376$17,322$16,329$12,180
7 years$17,550$16,372$15,271$14,241$13,280$9,364
8 years$15,202$14,034$12,951$11,947$11,017$7,330
9 years$13,376$12,219$11,154$10,176$9,278$5,815
10 years$11,916$10,771$9,725$8,772$7,905$4,659
11 years$10,722$9,588$8,561$7,634$6,799$3,762
12 years$9,728$8,606$7,598$6,696$5,892$3,056
13 years$8,888$7,777$6,788$5,912$5,138$2,494
14 years$8,168$7,069$6,099$5,248$4,504$2,043
15 years$7,545$6,458$5,507$4,680$3,965$1,679
16 years$7,000$5,925$4,993$4,190$3,505$1,383
17 years$6,520$5,457$4,543$3,765$3,107$1,142
18 years$6,093$5,042$4,147$3,393$2,763$944
19 years$5,712$4,673$3,797$3,066$2,463$782
20 years$5,370$4,343$3,484$2,777$2,200$648
21 years$5,060$4,045$3,205$2,520$1,969$537
22 years$4,779$3,776$2,954$2,291$1,765$446
23 years$4,523$3,531$2,727$2,087$1,584$371
24 years$4,289$3,309$2,522$1,903$1,424$308
25 years$4,073$3,105$2,336$1,738$1,281$256
26 years$3,875$2,918$2,167$1,589$1,154$213
27 years$3,692$2,746$2,012$1,455$1,040$177
28 years$3,521$2,588$1,870$1,333$939$148
29 years$3,363$2,441$1,741$1,222$848$123
30 years$3,216$2,306$1,621$1,122$766$102
31 years$3,079$2,180$1,512$1,030$692$85
32 years$2,950$2,062$1,410$947$626$71
33 years$2,830$1,953$1,317$871$567$59
34 years$2,716$1,851$1,230$801$513$49
35 years$2,610$1,756$1,150$737$465$41
36 years$2,509$1,666$1,076$679$421$34
37 years$2,415$1,583$1,007$626$382$28
38 years$2,325$1,504$943$577$346$24
39 years$2,240$1,430$884$532$314$20
40 years$2,160$1,361$828$491$285$16
41 years$2,084$1,295$777$453$258$14
42 years$2,012$1,234$728$418$234$11
43 years$1,943$1,175$684$386$213$10
44 years$1,877$1,120$642$356$193$8
45 years$1,815$1,068$603$329$175$7
46 years$1,755$1,019$566$304$159$6
47 years$1,699$973$532$281$144$5
48 years$1,644$929$500$259$131$4
49 years$1,592$887$470$240$119$3
50 years$1,543$847$441$221$108$3

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 $4,359 every year, while hoping to spend $34,283 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: 59/34/7 Blend
29$1,580,000$1,580,000$1,580,000$1,580,000
30$1,745,656$1,661,916$1,637,426$1,845,833
31$1,887,236$1,706,873$1,655,803$1,958,494
32$2,042,109$1,752,884$1,673,647$2,076,981
33$2,211,593$1,799,965$1,690,903$2,205,310
34$2,397,141$1,848,129$1,707,514$2,344,427
35$2,600,355$1,897,393$1,723,422$2,495,374
36$2,822,996$1,947,770$1,738,561$2,659,296
37$3,067,004$1,999,273$1,752,865$2,837,456
38$3,334,518$2,051,916$1,766,265$3,031,242
39$3,627,889$2,105,711$1,778,686$3,242,185
40$3,949,713$2,160,670$1,790,050$3,471,968
41$4,302,843$2,216,802$1,800,277$3,722,447
42$4,690,426$2,274,118$1,809,279$3,995,663
43$5,115,926$2,332,626$1,816,966$4,293,866
44$5,583,160$2,392,335$1,823,244$4,619,534
45$6,096,332$2,453,249$1,828,013$4,975,395
46$6,660,074$2,515,374$1,831,167$5,364,455
47$7,279,488$2,578,714$1,832,598$5,790,025
48$7,960,194$2,643,270$1,832,189$6,255,751
49$8,708,387$2,709,043$1,829,820$6,765,652
50$9,530,887$2,776,030$1,825,363$7,324,154
51$10,435,210$2,844,229$1,818,686$7,936,131
52$11,429,638$2,913,633$1,809,648$8,606,957
53$12,523,294$2,984,233$1,798,104$9,342,550
54$13,726,229$3,056,020$1,783,900$10,149,431
55$15,049,519$3,128,980$1,766,875$11,034,783
56$16,505,366$3,203,095$1,746,861$12,006,523
57$18,107,214$3,278,348$1,723,682$13,073,373
58$19,869,878$3,354,714$1,697,153$14,244,943
59$21,809,678$3,432,168$1,667,080$15,531,822
60$23,944,600$3,510,679$1,633,262$16,945,677
61$26,294,459$3,590,212$1,595,486$18,499,366
62$28,881,090$3,670,730$1,553,532$20,207,055
63$31,728,553$3,752,187$1,507,167$22,084,354
64$34,863,357$3,834,536$1,456,148$24,148,466
65$38,314,714$3,917,722$1,400,224$26,418,346
66$42,114,810$4,001,686$1,339,127$28,914,880
67$46,299,115$4,086,362$1,272,581$31,661,087
68$50,906,709$4,171,679$1,200,297$34,682,330
69$55,980,658$4,257,555$1,121,972$38,006,559
70$61,568,416$4,343,906$1,037,289$41,664,575
71$67,722,273$4,430,637$945,917$45,690,318
72$74,499,851$4,517,645$847,512$50,121,191
73$81,964,645$4,604,818$741,712$54,998,412
74$90,186,620$4,692,035$628,141$60,367,401
75$99,242,877$4,779,166$506,405$66,278,213
76$109,218,374$4,866,069$376,093$72,786,005
77$120,206,732$4,952,591$236,776$79,951,563
78$132,311,118$5,038,567$88,008$87,841,874
79$145,645,215$5,123,820$0$96,530,754
80$160,334,299$5,208,159$0$106,104,837
81$176,516,417$5,291,378$0$116,655,844
82$194,343,694$5,373,258$0$128,276,023
83$213,983,765$5,453,562$0$141,074,283
84$235,621,359$5,532,037$0$155,170,643
85$259,460,042$5,608,411$0$170,697,358
86$285,724,138$5,682,395$0$187,800,177
87$314,660,846$5,753,678$0$206,639,712
88$346,542,572$5,821,928$0$227,392,960
89$381,669,504$5,886,792$0$250,254,969
90$420,372,440$5,947,891$0$275,440,683
91$463,015,913$6,004,822$0$303,186,971
92$510,001,634$6,057,156$0$333,754,862
93$561,772,278$6,104,434$0$367,432,014
94$618,815,668$6,146,169$0$404,535,424
95$681,669,376$6,181,842$0$445,414,426
96$750,925,799$6,210,899$0$490,453,989
97$827,237,752$6,232,754$0$540,078,347
98$911,324,625$6,246,781$0$594,755,015
99$1,003,979,181$6,252,318$0$654,999,191
100$1,106,075,034$6,248,658$0$721,378,633