Can I retire at age 30 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$132,127$130,950$129,801$128,681$127,586$123,010
2 years$65,409$64,191$63,010$61,866$60,755$56,195
3 years$43,173$41,950$40,772$39,638$38,546$34,144
4 years$32,057$30,837$29,671$28,557$27,491$23,281
5 years$25,389$24,177$23,026$21,934$20,898$16,892
6 years$20,945$19,742$18,609$17,541$16,536$12,736
7 years$17,773$16,579$15,464$14,422$13,448$9,853
8 years$15,394$14,212$13,115$12,098$11,157$7,764
9 years$13,545$12,374$11,296$10,305$9,396$6,201
10 years$12,067$10,907$9,848$8,883$8,005$5,003
11 years$10,858$9,710$8,670$7,731$6,885$4,069
12 years$9,851$8,715$7,694$6,781$5,966$3,329
13 years$9,000$7,876$6,874$5,986$5,203$2,738
14 years$8,271$7,159$6,177$5,314$4,561$2,260
15 years$7,640$6,540$5,577$4,739$4,016$1,872
16 years$7,089$6,000$5,056$4,243$3,549$1,555
17 years$6,602$5,526$4,601$3,813$3,147$1,294
18 years$6,171$5,106$4,200$3,436$2,798$1,079
19 years$5,785$4,732$3,845$3,105$2,494$900
20 years$5,438$4,398$3,529$2,812$2,228$753
21 years$5,124$4,096$3,246$2,552$1,993$630
22 years$4,840$3,824$2,991$2,320$1,787$527
23 years$4,581$3,576$2,762$2,113$1,604$442
24 years$4,343$3,351$2,554$1,927$1,442$371
25 years$4,125$3,144$2,366$1,760$1,297$311
26 years$3,924$2,955$2,194$1,609$1,169$261
27 years$3,738$2,781$2,038$1,473$1,054$219
28 years$3,566$2,621$1,894$1,350$951$184
29 years$3,406$2,472$1,763$1,238$858$155
30 years$3,257$2,335$1,642$1,136$776$130
31 years$3,118$2,207$1,531$1,043$701$109
32 years$2,987$2,088$1,428$959$634$92
33 years$2,865$1,978$1,333$882$574$77
34 years$2,751$1,875$1,246$811$520$65
35 years$2,643$1,778$1,165$747$471$54
36 years$2,541$1,688$1,090$688$427$46
37 years$2,445$1,603$1,020$634$387$38
38 years$2,355$1,523$955$584$350$32
39 years$2,269$1,448$895$539$318$27
40 years$2,187$1,378$839$497$288$23
41 years$2,110$1,312$786$458$262$19
42 years$2,037$1,249$738$423$237$16
43 years$1,967$1,190$692$390$215$14
44 years$1,901$1,135$650$361$195$11
45 years$1,838$1,082$610$333$177$10
46 years$1,778$1,032$573$308$161$8
47 years$1,720$985$538$284$146$7
48 years$1,665$940$506$263$133$6
49 years$1,612$898$476$243$121$5
50 years$1,562$858$447$224$110$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,600,000, adding $3,123 every year, while hoping to spend $51,428 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: 75/15/10 Blend
29$1,600,000$1,600,000$1,600,000$1,600,000
30$1,766,421$1,681,621$1,656,821$1,895,502
31$1,891,877$1,709,302$1,657,606$2,008,680
32$2,028,406$1,736,615$1,656,693$2,125,875
33$2,177,083$1,763,489$1,653,972$2,252,859
34$2,339,091$1,789,845$1,649,325$2,390,585
35$2,515,732$1,815,601$1,642,631$2,540,105
36$2,708,439$1,840,668$1,633,762$2,702,575
37$2,918,790$1,864,950$1,622,583$2,879,271
38$3,148,520$1,888,346$1,608,953$3,071,596
39$3,399,541$1,910,747$1,592,724$3,281,100
40$3,673,957$1,932,037$1,573,744$3,509,485
41$3,974,084$1,952,091$1,551,848$3,758,632
42$4,302,475$1,970,777$1,526,869$4,030,611
43$4,661,937$1,987,955$1,498,629$4,327,702
44$5,055,563$2,003,473$1,466,941$4,652,419
45$5,486,759$2,017,172$1,431,613$5,007,532
46$5,959,277$2,028,882$1,392,440$5,396,094
47$6,477,247$2,038,421$1,349,210$5,821,468
48$7,045,219$2,045,596$1,301,702$6,287,363
49$7,668,203$2,050,202$1,249,681$6,797,862
50$8,351,720$2,052,022$1,192,905$7,357,470
51$9,101,848$2,050,824$1,131,120$7,971,148
52$9,925,284$2,046,362$1,064,060$8,644,365
53$10,829,405$2,038,375$991,448$9,383,148
54$11,822,335$2,026,587$912,993$10,194,139
55$12,913,028$2,010,704$828,392$11,084,660
56$14,111,342$1,990,414$737,329$12,062,780
57$15,428,142$1,965,388$639,472$13,137,390
58$16,875,395$1,935,274$534,477$14,318,291
59$18,466,286$1,899,703$421,983$15,616,286
60$20,215,339$1,858,281$301,612$17,043,279
61$22,138,560$1,810,592$172,971$18,612,391
62$24,253,578$1,756,197$35,651$20,338,084
63$26,579,820$1,694,628$0$22,236,295
64$29,138,689$1,625,391$0$24,336,423
65$31,953,766$1,547,966$0$26,650,823
66$35,051,033$1,461,799$0$29,197,076
67$38,459,117$1,366,306$0$31,998,750
68$42,209,562$1,260,870$0$35,081,817
69$46,337,122$1,144,838$0$38,474,900
70$50,880,092$1,017,519$0$42,209,541
71$55,880,668$878,183$0$46,320,498
72$61,385,342$726,060$0$50,846,079
73$67,445,346$560,336$0$55,828,496
74$74,117,129$380,151$0$61,314,271
75$81,462,894$184,595$0$67,354,669
76$89,551,179$0$0$74,006,188
77$98,457,511$0$0$81,335,594
78$108,265,110$0$0$89,440,329
79$119,065,679$0$0$98,365,715
80$130,960,269$0$0$108,195,268
81$144,060,228$0$0$119,021,018
82$158,488,257$0$0$130,944,373
83$174,379,562$0$0$144,077,083
84$191,883,133$0$0$158,542,284
85$211,163,150$0$0$174,475,670
86$232,400,528$0$0$192,026,767
87$255,794,629$0$0$211,360,345
88$281,565,139$0$0$232,657,974
89$309,954,145$0$0$256,119,735
90$341,228,414$0$0$281,966,111
91$375,681,915$0$0$310,440,066
92$413,638,592$0$0$341,809,337
93$455,455,419$0$0$376,368,961
94$501,525,772$0$0$414,444,062
95$552,283,139$0$0$456,392,916
96$608,205,212$0$0$502,610,332
97$669,818,395$0$0$553,531,384
98$737,702,776$0$0$609,635,508
99$812,497,595$0$0$671,451,037
100$894,907,283$0$0$739,560,180