Can I retire at age 30 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$131,301$130,131$128,990$127,876$126,789$124,688
2 years$65,000$63,790$62,617$61,479$60,376$58,266
3 years$42,903$41,687$40,517$39,390$38,305$36,251
4 years$31,857$30,645$29,486$28,378$27,319$25,337
5 years$25,231$24,026$22,882$21,797$20,768$18,863
6 years$20,815$19,619$18,492$17,432$16,433$14,608
7 years$17,662$16,476$15,367$14,331$13,364$11,620
8 years$15,298$14,123$13,033$12,022$11,087$9,423
9 years$13,460$12,296$11,225$10,240$9,337$7,752
10 years$11,991$10,839$9,786$8,827$7,955$6,448
11 years$10,790$9,649$8,616$7,682$6,842$5,411
12 years$9,790$8,661$7,646$6,738$5,929$4,572
13 years$8,944$7,827$6,831$5,949$5,170$3,886
14 years$8,220$7,114$6,138$5,281$4,532$3,318
15 years$7,593$6,499$5,542$4,710$3,991$2,844
16 years$7,044$5,963$5,024$4,217$3,527$2,446
17 years$6,561$5,491$4,572$3,789$3,127$2,109
18 years$6,132$5,074$4,174$3,415$2,781$1,823
19 years$5,749$4,703$3,821$3,085$2,478$1,579
20 years$5,404$4,370$3,507$2,794$2,214$1,370
21 years$5,092$4,071$3,225$2,536$1,981$1,190
22 years$4,810$3,800$2,973$2,306$1,776$1,035
23 years$4,552$3,554$2,745$2,100$1,594$902
24 years$4,316$3,330$2,538$1,915$1,433$786
25 years$4,099$3,125$2,351$1,749$1,289$686
26 years$3,900$2,937$2,180$1,599$1,161$599
27 years$3,715$2,764$2,025$1,464$1,047$523
28 years$3,544$2,604$1,882$1,341$945$457
29 years$3,385$2,457$1,752$1,230$853$400
30 years$3,237$2,320$1,632$1,129$771$349
31 years$3,098$2,193$1,521$1,037$697$306
32 years$2,969$2,075$1,419$953$630$268
33 years$2,847$1,965$1,325$876$570$234
34 years$2,734$1,863$1,238$806$517$205
35 years$2,626$1,767$1,158$742$468$180
36 years$2,525$1,677$1,083$683$424$157
37 years$2,430$1,593$1,014$630$384$138
38 years$2,340$1,514$949$580$348$121
39 years$2,255$1,439$889$535$316$106
40 years$2,174$1,369$833$494$286$93
41 years$2,097$1,304$782$455$260$81
42 years$2,024$1,241$733$420$236$71
43 years$1,955$1,183$688$388$214$63
44 years$1,889$1,128$646$358$194$55
45 years$1,826$1,075$606$331$176$48
46 years$1,766$1,026$569$306$160$42
47 years$1,709$979$535$282$145$37
48 years$1,655$934$503$261$132$32
49 years$1,602$892$473$241$120$28
50 years$1,552$852$444$223$109$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,590,000, adding $5,158 every year, while hoping to spend $21,049 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: 22/50/28 Blend
29$1,590,000$1,590,000$1,590,000$1,590,000
30$1,757,500$1,673,230$1,648,585$1,780,466
31$1,914,370$1,732,823$1,681,417$1,860,815
32$2,086,534$1,794,630$1,714,643$1,944,627
33$2,275,531$1,858,737$1,748,255$2,033,839
34$2,483,056$1,925,236$1,782,241$2,128,907
35$2,710,973$1,994,218$1,816,592$2,230,329
36$2,961,340$2,065,782$1,851,296$2,338,651
37$3,236,420$2,140,029$1,886,337$2,454,471
38$3,538,709$2,217,064$1,921,704$2,578,444
39$3,870,954$2,296,998$1,957,378$2,711,292
40$4,236,184$2,379,944$1,993,343$2,853,802
41$4,637,736$2,466,021$2,029,581$3,006,841
42$5,079,283$2,555,355$2,066,070$3,171,359
43$5,564,876$2,648,074$2,102,790$3,348,398
44$6,098,976$2,744,312$2,139,716$3,539,106
45$6,686,499$2,844,210$2,176,823$3,744,739
46$7,332,859$2,947,914$2,214,084$3,966,679
47$8,044,025$3,055,576$2,251,470$4,206,445
48$8,826,572$3,167,355$2,288,950$4,465,705
49$9,687,742$3,283,416$2,326,491$4,746,292
50$10,635,520$3,403,931$2,364,056$5,050,221
51$11,678,699$3,529,079$2,401,607$5,379,708
52$12,826,970$3,659,048$2,439,105$5,737,189
53$14,091,012$3,794,032$2,476,506$6,125,342
54$15,482,590$3,934,235$2,513,764$6,547,113
55$17,014,670$4,079,868$2,550,831$7,005,742
56$18,701,536$4,231,152$2,587,654$7,504,794
57$20,558,931$4,388,317$2,624,179$8,048,190
58$22,604,201$4,551,603$2,660,347$8,640,244
59$24,856,458$4,721,260$2,696,098$9,285,703
60$27,336,764$4,897,549$2,731,364$9,989,792
61$30,068,327$5,080,742$2,766,078$10,758,261
62$33,076,721$5,271,123$2,800,166$11,597,436
63$36,390,126$5,468,988$2,833,551$12,514,282
64$40,039,595$5,674,644$2,866,151$13,516,467
65$44,059,347$5,888,415$2,897,880$14,612,431
66$48,487,088$6,110,635$2,928,647$15,811,464
67$53,364,370$6,341,655$2,958,356$17,123,797
68$58,736,980$6,581,840$2,986,905$18,560,693
69$64,655,374$6,831,573$3,014,188$20,134,553
70$71,175,152$7,091,249$3,040,093$21,859,034
71$78,357,582$7,361,285$3,064,501$23,749,172
72$86,270,180$7,642,113$3,087,287$25,821,529
73$94,987,348$7,934,186$3,108,321$28,094,339
74$104,591,072$8,237,975$3,127,463$30,587,689
75$115,171,698$8,553,973$3,144,571$33,323,698
76$126,828,787$8,882,694$3,159,489$36,326,730
77$139,672,051$9,224,673$3,172,059$39,623,617
78$153,822,389$9,580,471$3,182,113$43,243,915
79$169,413,031$9,950,673$3,189,472$47,220,182
80$186,590,793$10,335,888$3,193,952$51,588,276
81$205,517,462$10,736,754$3,195,357$56,387,700
82$226,371,324$11,153,937$3,193,483$61,661,968
83$249,348,850$11,588,131$3,188,116$67,459,014
84$274,666,545$12,040,061$3,179,029$73,831,643
85$302,562,994$12,510,485$3,165,988$80,838,028
86$333,301,115$13,000,195$3,148,745$88,542,253
87$367,170,640$13,510,016$3,127,039$97,014,919
88$404,490,851$14,040,812$3,100,600$106,333,809
89$445,613,591$14,593,485$3,069,143$116,584,612
90$490,926,587$15,168,975$3,032,369$127,861,738
91$540,857,111$15,768,268$2,989,967$140,269,201
92$595,876,014$16,392,390$2,941,608$153,921,597
93$656,502,166$17,042,416$2,886,950$168,945,187
94$723,307,360$17,719,468$2,825,636$185,479,080
95$796,921,706$18,424,717$2,757,290$203,676,547
96$878,039,580$19,159,388$2,681,520$223,706,463
97$967,426,181$19,924,762$2,597,914$245,754,894
98$1,065,924,753$20,722,176$2,506,045$270,026,853
99$1,174,464,543$21,553,028$2,405,463$296,748,233
100$1,294,069,579$22,418,779$2,295,699$326,167,928