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

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$132,127$130,950$129,801$128,681$127,586$124,300
2 years$65,409$64,191$63,010$61,866$60,755$57,467
3 years$43,173$41,950$40,772$39,638$38,546$35,357
4 years$32,057$30,837$29,671$28,557$27,491$24,427
5 years$25,389$24,177$23,026$21,934$20,898$17,968
6 years$20,945$19,742$18,609$17,541$16,536$13,741
7 years$17,773$16,579$15,464$14,422$13,448$10,790
8 years$15,394$14,212$13,115$12,098$11,157$8,633
9 years$13,545$12,374$11,296$10,305$9,396$7,005
10 years$12,067$10,907$9,848$8,883$8,005$5,745
11 years$10,858$9,710$8,670$7,731$6,885$4,751
12 years$9,851$8,715$7,694$6,781$5,966$3,955
13 years$9,000$7,876$6,874$5,986$5,203$3,310
14 years$8,271$7,159$6,177$5,314$4,561$2,782
15 years$7,640$6,540$5,577$4,739$4,016$2,347
16 years$7,089$6,000$5,056$4,243$3,549$1,986
17 years$6,602$5,526$4,601$3,813$3,147$1,685
18 years$6,171$5,106$4,200$3,436$2,798$1,432
19 years$5,785$4,732$3,845$3,105$2,494$1,219
20 years$5,438$4,398$3,529$2,812$2,228$1,039
21 years$5,124$4,096$3,246$2,552$1,993$887
22 years$4,840$3,824$2,991$2,320$1,787$758
23 years$4,581$3,576$2,762$2,113$1,604$649
24 years$4,343$3,351$2,554$1,927$1,442$555
25 years$4,125$3,144$2,366$1,760$1,297$476
26 years$3,924$2,955$2,194$1,609$1,169$408
27 years$3,738$2,781$2,038$1,473$1,054$349
28 years$3,566$2,621$1,894$1,350$951$300
29 years$3,406$2,472$1,763$1,238$858$257
30 years$3,257$2,335$1,642$1,136$776$221
31 years$3,118$2,207$1,531$1,043$701$190
32 years$2,987$2,088$1,428$959$634$163
33 years$2,865$1,978$1,333$882$574$140
34 years$2,751$1,875$1,246$811$520$120
35 years$2,643$1,778$1,165$747$471$103
36 years$2,541$1,688$1,090$688$427$89
37 years$2,445$1,603$1,020$634$387$76
38 years$2,355$1,523$955$584$350$65
39 years$2,269$1,448$895$539$318$56
40 years$2,187$1,378$839$497$288$48
41 years$2,110$1,312$786$458$262$42
42 years$2,037$1,249$738$423$237$36
43 years$1,967$1,190$692$390$215$31
44 years$1,901$1,135$650$361$195$26
45 years$1,838$1,082$610$333$177$23
46 years$1,778$1,032$573$308$161$20
47 years$1,720$985$538$284$146$17
48 years$1,665$940$506$263$133$14
49 years$1,612$898$476$243$121$12
50 years$1,562$858$447$224$110$11

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 $2,849 every year, while hoping to spend $29,962 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: 72/13/15 Blend
29$1,600,000$1,600,000$1,600,000$1,600,000
30$1,766,139$1,681,339$1,656,539$1,887,165
31$1,914,406$1,731,845$1,680,153$2,018,308
32$2,076,791$1,783,822$1,703,555$2,157,952
33$2,254,705$1,837,310$1,726,705$2,310,087
34$2,449,697$1,892,350$1,749,562$2,475,941
35$2,663,476$1,948,985$1,772,082$2,656,870
36$2,897,924$2,007,259$1,794,220$2,854,366
37$3,155,113$2,067,215$1,815,927$3,070,070
38$3,437,325$2,128,900$1,837,151$3,305,794
39$3,747,075$2,192,359$1,857,839$3,563,529
40$4,087,133$2,257,641$1,877,933$3,845,472
41$4,460,550$2,324,794$1,897,373$4,154,039
42$4,870,685$2,393,869$1,916,094$4,491,895
43$5,321,242$2,464,915$1,934,030$4,861,974
44$5,816,299$2,537,986$1,951,110$5,267,508
45$6,360,349$2,613,134$1,967,260$5,712,058
46$6,958,341$2,690,415$1,982,400$6,199,546
47$7,615,730$2,769,883$1,996,448$6,734,295
48$8,338,523$2,851,596$2,009,318$7,321,066
49$9,133,339$2,935,611$2,020,917$7,965,105
50$10,007,472$3,021,988$2,031,150$8,672,192
51$10,968,956$3,110,788$2,039,915$9,448,694
52$12,026,645$3,202,071$2,047,107$10,301,627
53$13,190,291$3,295,901$2,052,614$11,238,724
54$14,470,642$3,392,342$2,056,318$12,268,500
55$15,879,540$3,491,460$2,058,098$13,400,343
56$17,430,032$3,593,320$2,057,823$14,644,592
57$19,136,494$3,697,991$2,055,358$16,012,644
58$21,014,765$3,805,541$2,050,561$17,517,053
59$23,082,300$3,916,042$2,043,284$19,171,656
60$25,358,331$4,029,564$2,033,370$20,991,697
61$27,864,048$4,146,180$2,020,655$22,993,974
62$30,622,802$4,265,964$2,004,969$25,196,999
63$33,660,323$4,388,991$1,986,130$27,621,169
64$37,004,961$4,515,337$1,963,951$30,288,960
65$40,687,958$4,645,080$1,938,234$33,225,141
66$44,743,739$4,778,297$1,908,774$36,457,004
67$49,210,235$4,915,069$1,875,353$40,014,624
68$54,129,248$5,055,476$1,837,746$43,931,142
69$59,546,836$5,199,599$1,795,715$48,243,080
70$65,513,754$5,347,520$1,749,013$52,990,681
71$72,085,933$5,499,324$1,697,380$58,218,292
72$79,325,001$5,655,095$1,640,545$63,974,785
73$87,298,873$5,814,916$1,578,226$70,314,012
74$96,082,386$5,978,875$1,510,124$77,295,317
75$105,758,006$6,147,056$1,435,930$84,984,097
76$116,416,609$6,319,548$1,355,320$93,452,419
77$128,158,335$6,496,438$1,267,955$102,779,697
78$141,093,535$6,677,813$1,173,481$113,053,445
79$155,343,811$6,863,762$1,071,528$124,370,102
80$171,043,166$7,054,372$961,710$136,835,945
81$188,339,264$7,249,732$843,624$150,568,086
82$207,394,831$7,449,930$716,846$165,695,583
83$228,389,181$7,655,054$580,938$182,360,658
84$251,519,917$7,865,192$435,440$200,720,038
85$277,004,793$8,080,430$279,871$220,946,433
86$305,083,765$8,300,855$113,730$243,230,171
87$336,021,265$8,526,552$0$267,780,992
88$370,108,686$8,757,606$0$294,840,202
89$407,667,141$8,994,098$0$324,672,421
90$449,050,492$9,236,111$0$357,540,204
91$494,648,684$9,483,723$0$393,752,962
92$544,891,437$9,737,012$0$433,651,659
93$600,252,291$9,996,052$0$477,612,033
94$661,253,082$10,260,917$0$526,048,138
95$728,468,869$10,531,674$0$579,416,257
96$802,533,356$10,808,389$0$638,219,207
97$884,144,883$11,091,124$0$703,011,084
98$974,073,009$11,379,937$0$774,402,496
99$1,073,165,781$11,674,880$0$853,066,324
100$1,182,357,743$11,976,001$0$939,744,077