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%16.5%
1 years$132,127$130,950$129,801$128,681$127,586$124,200
2 years$65,409$64,191$63,010$61,866$60,755$57,367
3 years$43,173$41,950$40,772$39,638$38,546$35,262
4 years$32,057$30,837$29,671$28,557$27,491$24,337
5 years$25,389$24,177$23,026$21,934$20,898$17,882
6 years$20,945$19,742$18,609$17,541$16,536$13,661
7 years$17,773$16,579$15,464$14,422$13,448$10,715
8 years$15,394$14,212$13,115$12,098$11,157$8,563
9 years$13,545$12,374$11,296$10,305$9,396$6,940
10 years$12,067$10,907$9,848$8,883$8,005$5,684
11 years$10,858$9,710$8,670$7,731$6,885$4,695
12 years$9,851$8,715$7,694$6,781$5,966$3,903
13 years$9,000$7,876$6,874$5,986$5,203$3,262
14 years$8,271$7,159$6,177$5,314$4,561$2,739
15 years$7,640$6,540$5,577$4,739$4,016$2,307
16 years$7,089$6,000$5,056$4,243$3,549$1,949
17 years$6,602$5,526$4,601$3,813$3,147$1,651
18 years$6,171$5,106$4,200$3,436$2,798$1,401
19 years$5,785$4,732$3,845$3,105$2,494$1,191
20 years$5,438$4,398$3,529$2,812$2,228$1,014
21 years$5,124$4,096$3,246$2,552$1,993$864
22 years$4,840$3,824$2,991$2,320$1,787$738
23 years$4,581$3,576$2,762$2,113$1,604$630
24 years$4,343$3,351$2,554$1,927$1,442$538
25 years$4,125$3,144$2,366$1,760$1,297$460
26 years$3,924$2,955$2,194$1,609$1,169$394
27 years$3,738$2,781$2,038$1,473$1,054$337
28 years$3,566$2,621$1,894$1,350$951$289
29 years$3,406$2,472$1,763$1,238$858$247
30 years$3,257$2,335$1,642$1,136$776$212
31 years$3,118$2,207$1,531$1,043$701$182
32 years$2,987$2,088$1,428$959$634$156
33 years$2,865$1,978$1,333$882$574$134
34 years$2,751$1,875$1,246$811$520$115
35 years$2,643$1,778$1,165$747$471$98
36 years$2,541$1,688$1,090$688$427$84
37 years$2,445$1,603$1,020$634$387$72
38 years$2,355$1,523$955$584$350$62
39 years$2,269$1,448$895$539$318$53
40 years$2,187$1,378$839$497$288$46
41 years$2,110$1,312$786$458$262$39
42 years$2,037$1,249$738$423$237$34
43 years$1,967$1,190$692$390$215$29
44 years$1,901$1,135$650$361$195$25
45 years$1,838$1,082$610$333$177$21
46 years$1,778$1,032$573$308$161$18
47 years$1,720$985$538$284$146$16
48 years$1,665$940$506$263$133$13
49 years$1,612$898$476$243$121$12
50 years$1,562$858$447$224$110$10

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 $5,230 every year, while hoping to spend $37,998 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: 42/35/23 Blend
29$1,600,000$1,600,000$1,600,000$1,600,000
30$1,768,595$1,683,795$1,658,995$1,830,768
31$1,908,562$1,725,871$1,674,141$1,917,701
32$2,061,532$1,768,736$1,688,522$2,007,744
33$2,228,792$1,812,387$1,702,071$2,104,495
34$2,411,756$1,856,822$1,714,718$2,208,591
35$2,611,986$1,902,037$1,726,392$2,320,735
36$2,831,198$1,948,026$1,737,015$2,441,702
37$3,071,281$1,994,780$1,746,507$2,572,345
38$3,334,320$2,042,292$1,754,782$2,713,605
39$3,622,605$2,090,550$1,761,753$2,866,517
40$3,938,664$2,139,540$1,767,324$3,032,223
41$4,285,278$2,189,247$1,771,399$3,211,982
42$4,665,509$2,239,653$1,773,874$3,407,181
43$5,082,732$2,290,738$1,774,641$3,619,348
44$5,540,665$2,342,478$1,773,585$3,850,168
45$6,043,401$2,394,847$1,770,588$4,101,498
46$6,595,450$2,447,816$1,765,525$4,375,386
47$7,201,780$2,501,354$1,758,264$4,674,087
48$7,867,863$2,555,422$1,748,668$5,000,089
49$8,599,730$2,609,982$1,736,593$5,356,134
50$9,404,022$2,664,990$1,721,888$5,745,244
51$10,288,055$2,720,398$1,704,394$6,170,750
52$11,259,892$2,776,153$1,683,946$6,636,325
53$12,328,413$2,832,197$1,660,371$7,146,017
54$13,503,404$2,888,467$1,633,486$7,704,289
55$14,795,645$2,944,896$1,603,102$8,316,062
56$16,217,014$3,001,409$1,569,019$8,986,756
57$17,780,597$3,057,926$1,531,029$9,722,352
58$19,500,813$3,114,360$1,488,914$10,529,439
59$21,393,549$3,170,616$1,442,445$11,415,281
60$23,476,310$3,226,595$1,391,386$12,387,886
61$25,768,381$3,282,185$1,335,485$13,456,083
62$28,291,014$3,337,271$1,274,482$14,629,601
63$31,067,625$3,391,725$1,208,105$15,919,168
64$34,124,015$3,445,411$1,136,068$17,336,607
65$37,488,613$3,498,184$1,058,074$18,894,954
66$41,192,743$3,549,888$973,812$20,608,574
67$45,270,924$3,600,354$882,956$22,493,306
68$49,761,191$3,649,403$785,167$24,566,608
69$54,705,452$3,696,843$680,090$26,847,722
70$60,149,889$3,742,470$567,354$29,357,859
71$66,145,390$3,786,063$446,573$32,120,401
72$72,748,029$3,827,390$317,342$35,161,119
73$80,019,595$3,866,199$179,240$38,508,419
74$88,028,176$3,902,225$31,827$42,193,614
75$96,848,800$3,935,183$0$46,251,216
76$106,564,142$3,964,771$0$50,750,061
77$117,265,307$3,990,668$0$55,711,622
78$129,052,687$4,012,529$0$61,174,418
79$142,036,908$4,029,991$0$67,189,516
80$156,339,877$4,042,665$0$73,813,196
81$172,095,928$4,050,139$0$81,107,481
82$189,453,092$4,051,975$0$89,140,724
83$208,574,493$4,047,707$0$97,988,253
84$229,639,888$4,036,841$0$107,733,085
85$252,847,363$4,018,853$0$118,466,708
86$278,415,203$3,993,186$0$130,289,948
87$306,583,952$3,959,250$0$143,313,920
88$337,618,680$3,916,418$0$157,661,079
89$371,811,490$3,864,028$0$173,466,375
90$409,484,272$3,801,375$0$190,878,534
91$450,991,740$3,727,714$0$210,061,457
92$496,724,781$3,642,256$0$231,195,770
93$547,114,147$3,544,166$0$254,480,534
94$602,634,517$3,432,557$0$280,135,124
95$663,808,979$3,306,493$0$308,401,300
96$731,213,966$3,164,982$0$339,545,493
97$805,484,701$3,006,977$0$373,861,322
98$887,321,189$2,831,367$0$411,672,371
99$977,494,826$2,636,979$0$453,335,237
100$1,076,855,680$2,422,573$0$499,242,912