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%14.7%
1 years$132,127$130,950$129,801$128,681$127,586$125,113
2 years$65,409$64,191$63,010$61,866$60,755$58,273
3 years$43,173$41,950$40,772$39,638$38,546$36,132
4 years$32,057$30,837$29,671$28,557$27,491$25,165
5 years$25,389$24,177$23,026$21,934$20,898$18,667
6 years$20,945$19,742$18,609$17,541$16,536$14,401
7 years$17,773$16,579$15,464$14,422$13,448$11,410
8 years$15,394$14,212$13,115$12,098$11,157$9,215
9 years$13,545$12,374$11,296$10,305$9,396$7,549
10 years$12,067$10,907$9,848$8,883$8,005$6,253
11 years$10,858$9,710$8,670$7,731$6,885$5,224
12 years$9,851$8,715$7,694$6,781$5,966$4,394
13 years$9,000$7,876$6,874$5,986$5,203$3,717
14 years$8,271$7,159$6,177$5,314$4,561$3,159
15 years$7,640$6,540$5,577$4,739$4,016$2,695
16 years$7,089$6,000$5,056$4,243$3,549$2,306
17 years$6,602$5,526$4,601$3,813$3,147$1,979
18 years$6,171$5,106$4,200$3,436$2,798$1,702
19 years$5,785$4,732$3,845$3,105$2,494$1,466
20 years$5,438$4,398$3,529$2,812$2,228$1,265
21 years$5,124$4,096$3,246$2,552$1,993$1,094
22 years$4,840$3,824$2,991$2,320$1,787$946
23 years$4,581$3,576$2,762$2,113$1,604$820
24 years$4,343$3,351$2,554$1,927$1,442$710
25 years$4,125$3,144$2,366$1,760$1,297$616
26 years$3,924$2,955$2,194$1,609$1,169$535
27 years$3,738$2,781$2,038$1,473$1,054$465
28 years$3,566$2,621$1,894$1,350$951$404
29 years$3,406$2,472$1,763$1,238$858$351
30 years$3,257$2,335$1,642$1,136$776$305
31 years$3,118$2,207$1,531$1,043$701$266
32 years$2,987$2,088$1,428$959$634$231
33 years$2,865$1,978$1,333$882$574$201
34 years$2,751$1,875$1,246$811$520$175
35 years$2,643$1,778$1,165$747$471$153
36 years$2,541$1,688$1,090$688$427$133
37 years$2,445$1,603$1,020$634$387$116
38 years$2,355$1,523$955$584$350$101
39 years$2,269$1,448$895$539$318$88
40 years$2,187$1,378$839$497$288$77
41 years$2,110$1,312$786$458$262$67
42 years$2,037$1,249$738$423$237$58
43 years$1,967$1,190$692$390$215$51
44 years$1,901$1,135$650$361$195$44
45 years$1,838$1,082$610$333$177$38
46 years$1,778$1,032$573$308$161$34
47 years$1,720$985$538$284$146$29
48 years$1,665$940$506$263$133$25
49 years$1,612$898$476$243$121$22
50 years$1,562$858$447$224$110$19

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 $3,049 every year, while hoping to spend $48,568 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: 84/8/8 Blend
29$1,600,000$1,600,000$1,600,000$1,600,000
30$1,766,345$1,681,545$1,656,745$1,912,875
31$1,894,836$1,712,265$1,660,570$2,039,770
32$2,034,806$1,742,862$1,662,895$2,172,247
33$2,187,373$1,773,279$1,663,620$2,316,243
34$2,353,770$1,803,455$1,662,636$2,472,885
35$2,535,354$1,833,323$1,659,833$2,643,412
36$2,733,616$1,862,812$1,655,093$2,829,192
37$2,950,200$1,891,845$1,648,294$3,031,729
38$3,186,914$1,920,340$1,639,306$3,252,680
39$3,445,751$1,948,208$1,627,995$3,493,871
40$3,728,904$1,975,356$1,614,218$3,757,311
41$4,038,786$2,001,682$1,597,828$4,045,215
42$4,378,056$2,027,079$1,578,670$4,360,023
43$4,749,642$2,051,430$1,556,580$4,704,421
44$5,156,768$2,074,613$1,531,388$5,081,370
45$5,602,985$2,096,496$1,502,916$5,494,132
46$6,092,203$2,116,938$1,470,977$5,946,298
47$6,628,730$2,135,789$1,435,377$6,441,828
48$7,217,308$2,152,891$1,395,910$6,985,082
49$7,863,164$2,168,073$1,352,363$7,580,866
50$8,572,052$2,181,154$1,304,513$8,234,473
51$9,350,313$2,191,942$1,252,125$8,951,738
52$10,204,929$2,200,231$1,194,956$9,739,087
53$11,143,594$2,205,804$1,132,749$10,603,603
54$12,174,782$2,208,430$1,065,237$11,553,089
55$13,307,829$2,207,863$992,143$12,596,144
56$14,553,021$2,203,842$913,172$13,742,243
57$15,921,688$2,196,088$828,022$15,001,825
58$17,426,313$2,184,310$736,374$16,386,397
59$19,080,649$2,168,193$637,894$17,908,635
60$20,899,848$2,147,407$532,237$19,582,509
61$22,900,604$2,121,602$419,038$21,423,413
62$25,101,310$2,090,404$297,920$23,448,311
63$27,522,230$2,053,421$168,487$25,675,896
64$30,185,693$2,010,234$30,327$28,126,768
65$33,116,299$1,960,400$0$30,823,627
66$36,341,154$1,903,453$0$33,801,486
67$39,890,125$1,838,895$0$37,081,326
68$43,796,119$1,766,202$0$40,690,974
69$48,095,396$1,684,820$0$44,663,949
70$52,827,910$1,594,160$0$49,037,185
71$58,037,685$1,493,601$0$53,851,382
72$63,773,228$1,382,487$0$59,151,389
73$70,087,991$1,260,122$0$64,986,626
74$77,040,871$1,125,773$0$71,411,551
75$84,696,768$978,665$0$78,486,176
76$93,127,196$817,976$0$86,276,630
77$102,410,954$642,842$0$94,855,785
78$112,634,877$452,346$0$104,303,945
79$123,894,647$245,524$0$114,709,599
80$136,295,700$21,354$0$126,170,263
81$149,954,220$0$0$138,793,395
82$164,998,235$0$0$152,716,889
83$181,568,823$0$0$168,055,362
84$199,821,445$0$0$184,950,842
85$219,927,412$0$0$203,561,907
86$242,075,498$0$0$224,063,303
87$266,473,728$0$0$246,647,590
88$293,351,332$0$0$271,526,964
89$322,960,917$0$0$298,935,255
90$355,580,844$0$0$329,130,138
91$391,517,857$0$0$362,395,558
92$431,109,980$0$0$399,044,417
93$474,729,705$0$0$439,421,521
94$522,787,506$0$0$483,906,840
95$575,735,718$0$0$532,919,086
96$634,072,799$0$0$586,919,676
97$698,348,043$0$0$646,417,074
98$769,166,755$0$0$711,971,603
99$847,195,973$0$0$784,200,723
100$933,170,758$0$0$863,784,866