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

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$131,301$130,131$128,990$127,876$126,789$123,623
2 years$65,000$63,790$62,617$61,479$60,376$57,207
3 years$42,903$41,687$40,517$39,390$38,305$35,231
4 years$31,857$30,645$29,486$28,378$27,319$24,365
5 years$25,231$24,026$22,882$21,797$20,768$17,940
6 years$20,815$19,619$18,492$17,432$16,433$13,736
7 years$17,662$16,476$15,367$14,331$13,364$10,798
8 years$15,298$14,123$13,033$12,022$11,087$8,650
9 years$13,460$12,296$11,225$10,240$9,337$7,027
10 years$11,991$10,839$9,786$8,827$7,955$5,770
11 years$10,790$9,649$8,616$7,682$6,842$4,778
12 years$9,790$8,661$7,646$6,738$5,929$3,982
13 years$8,944$7,827$6,831$5,949$5,170$3,338
14 years$8,220$7,114$6,138$5,281$4,532$2,809
15 years$7,593$6,499$5,542$4,710$3,991$2,373
16 years$7,044$5,963$5,024$4,217$3,527$2,011
17 years$6,561$5,491$4,572$3,789$3,127$1,708
18 years$6,132$5,074$4,174$3,415$2,781$1,454
19 years$5,749$4,703$3,821$3,085$2,478$1,240
20 years$5,404$4,370$3,507$2,794$2,214$1,059
21 years$5,092$4,071$3,225$2,536$1,981$905
22 years$4,810$3,800$2,973$2,306$1,776$775
23 years$4,552$3,554$2,745$2,100$1,594$664
24 years$4,316$3,330$2,538$1,915$1,433$569
25 years$4,099$3,125$2,351$1,749$1,289$488
26 years$3,900$2,937$2,180$1,599$1,161$419
27 years$3,715$2,764$2,025$1,464$1,047$360
28 years$3,544$2,604$1,882$1,341$945$309
29 years$3,385$2,457$1,752$1,230$853$266
30 years$3,237$2,320$1,632$1,129$771$229
31 years$3,098$2,193$1,521$1,037$697$197
32 years$2,969$2,075$1,419$953$630$169
33 years$2,847$1,965$1,325$876$570$145
34 years$2,734$1,863$1,238$806$517$125
35 years$2,626$1,767$1,158$742$468$108
36 years$2,525$1,677$1,083$683$424$93
37 years$2,430$1,593$1,014$630$384$80
38 years$2,340$1,514$949$580$348$69
39 years$2,255$1,439$889$535$316$59
40 years$2,174$1,369$833$494$286$51
41 years$2,097$1,304$782$455$260$44
42 years$2,024$1,241$733$420$236$38
43 years$1,955$1,183$688$388$214$32
44 years$1,889$1,128$646$358$194$28
45 years$1,826$1,075$606$331$176$24
46 years$1,766$1,026$569$306$160$21
47 years$1,709$979$535$282$145$18
48 years$1,655$934$503$261$132$15
49 years$1,602$892$473$241$120$13
50 years$1,552$852$444$223$109$11

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 $3,845 every year, while hoping to spend $23,035 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: 25/45/30 Blend
29$1,590,000$1,590,000$1,590,000$1,590,000
30$1,756,146$1,671,876$1,647,231$1,783,523
31$1,910,764$1,729,289$1,677,904$1,864,372
32$2,080,381$1,788,743$1,708,833$1,948,801
33$2,266,502$1,850,314$1,740,001$2,038,852
34$2,470,787$1,914,081$1,771,393$2,135,013
35$2,695,061$1,980,124$1,802,988$2,237,821
36$2,941,336$2,048,530$1,834,768$2,347,865
37$3,211,831$2,119,386$1,866,711$2,465,790
38$3,508,986$2,192,785$1,898,794$2,592,305
39$3,835,492$2,268,820$1,930,993$2,728,188
40$4,194,312$2,347,592$1,963,281$2,874,295
41$4,588,710$2,429,203$1,995,630$3,031,565
42$5,022,285$2,513,760$2,028,009$3,201,030
43$5,498,999$2,601,375$2,060,388$3,383,825
44$6,023,217$2,692,162$2,092,731$3,581,196
45$6,599,750$2,786,243$2,125,003$3,794,513
46$7,233,897$2,883,742$2,157,163$4,025,286
47$7,931,498$2,984,789$2,189,172$4,275,169
48$8,698,987$3,089,519$2,220,985$4,545,987
49$9,543,451$3,198,073$2,252,555$4,839,743
50$10,472,701$3,310,597$2,283,834$5,158,644
51$11,495,343$3,427,243$2,314,769$5,505,116
52$12,620,859$3,548,169$2,345,305$5,881,830
53$13,859,697$3,673,540$2,375,383$6,291,721
54$15,223,369$3,803,526$2,404,941$6,738,026
55$16,724,560$3,938,306$2,433,914$7,224,300
56$18,377,247$4,078,065$2,462,232$7,754,463
57$20,196,832$4,222,996$2,489,823$8,332,824
58$22,200,286$4,373,300$2,516,608$8,964,131
59$24,406,308$4,529,184$2,542,508$9,653,608
60$26,835,505$4,690,867$2,567,435$10,407,009
61$29,510,581$4,858,575$2,591,299$11,230,668
62$32,456,559$5,032,543$2,614,006$12,131,559
63$35,701,006$5,213,016$2,635,454$13,117,363
64$39,274,305$5,400,250$2,655,537$14,196,537
65$43,209,931$5,594,510$2,674,145$15,378,395
66$47,544,775$5,796,072$2,691,160$16,673,195
67$52,319,487$6,005,225$2,706,459$18,092,234
68$57,578,863$6,222,268$2,719,913$19,647,955
69$63,372,262$6,447,514$2,731,385$21,354,061
70$69,754,079$6,681,289$2,740,733$23,225,647
71$76,784,253$6,923,930$2,747,806$25,279,342
72$84,528,836$7,175,792$2,752,447$27,533,458
73$93,060,613$7,437,242$2,754,489$30,008,172
74$102,459,792$7,708,662$2,753,760$32,725,707
75$112,814,756$7,990,453$2,750,077$35,710,546
76$124,222,905$8,283,029$2,743,249$38,989,658
77$136,791,569$8,586,824$2,733,074$42,592,757
78$150,639,020$8,902,290$2,719,344$46,552,573
79$165,895,595$9,229,897$2,701,837$50,905,170
80$182,704,920$9,570,136$2,680,323$55,690,275
81$201,225,267$9,923,518$2,654,558$60,951,659
82$221,631,049$10,290,575$2,624,291$66,737,547
83$244,114,467$10,671,864$2,589,256$73,101,070
84$268,887,320$11,067,963$2,549,173$80,100,765
85$296,183,009$11,479,476$2,503,753$87,801,129
86$326,258,738$11,907,032$2,452,691$96,273,226
87$359,397,941$12,351,288$2,395,667$105,595,352
88$395,912,958$12,812,928$2,332,349$115,853,777
89$436,147,984$13,292,666$2,262,387$127,143,556
90$480,482,318$13,791,246$2,185,417$139,569,424
91$529,333,942$14,309,445$2,101,056$153,246,783
92$583,163,468$14,848,071$2,008,905$168,302,790
93$642,478,485$15,407,971$1,908,547$184,877,557
94$707,838,354$15,990,024$1,799,546$203,125,468
95$779,859,481$16,595,151$1,681,446$223,216,635
96$859,221,144$17,224,309$1,553,771$245,338,506
97$946,671,901$17,878,501$1,416,022$269,697,625
98$1,043,036,656$18,558,768$1,267,681$296,521,587
99$1,149,224,450$19,266,202$1,108,202$326,061,177
100$1,266,237,037$20,001,939$937,020$358,592,741