Can I retire at age 30 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$132,952$131,768$130,613$129,485$128,384$125,026
2 years$65,818$64,592$63,404$62,252$61,135$57,776
3 years$43,443$42,212$41,027$39,886$38,787$35,530
4 years$32,257$31,030$29,857$28,735$27,663$24,534
5 years$25,548$24,328$23,170$22,072$21,029$18,037
6 years$21,076$19,866$18,725$17,651$16,639$13,787
7 years$17,884$16,683$15,561$14,512$13,532$10,819
8 years$15,490$14,300$13,197$12,173$11,226$8,652
9 years$13,630$12,451$11,366$10,369$9,454$7,016
10 years$12,142$10,975$9,909$8,938$8,055$5,750
11 years$10,926$9,770$8,724$7,779$6,928$4,752
12 years$9,913$8,769$7,742$6,823$6,004$3,954
13 years$9,056$7,925$6,917$6,024$5,235$3,307
14 years$8,323$7,204$6,215$5,347$4,589$2,778
15 years$7,688$6,581$5,611$4,769$4,041$2,342
16 years$7,133$6,038$5,088$4,270$3,571$1,980
17 years$6,644$5,560$4,630$3,837$3,166$1,678
18 years$6,209$5,138$4,226$3,458$2,815$1,425
19 years$5,821$4,762$3,869$3,124$2,509$1,213
20 years$5,472$4,425$3,551$2,830$2,242$1,033
21 years$5,157$4,122$3,266$2,568$2,006$881
22 years$4,870$3,847$3,010$2,335$1,798$753
23 years$4,609$3,598$2,779$2,126$1,614$643
24 years$4,370$3,372$2,570$1,939$1,451$550
25 years$4,151$3,164$2,381$1,771$1,305$471
26 years$3,949$2,974$2,208$1,619$1,176$403
27 years$3,762$2,799$2,050$1,482$1,060$345
28 years$3,588$2,637$1,906$1,358$957$296
29 years$3,427$2,488$1,774$1,245$864$254
30 years$3,277$2,349$1,652$1,143$780$218
31 years$3,137$2,221$1,540$1,050$706$187
32 years$3,006$2,102$1,437$965$638$160
33 years$2,883$1,990$1,342$887$578$137
34 years$2,768$1,886$1,254$816$523$118
35 years$2,659$1,789$1,172$751$474$101
36 years$2,557$1,698$1,096$692$429$87
37 years$2,461$1,613$1,026$638$389$75
38 years$2,369$1,533$961$588$353$64
39 years$2,283$1,457$900$542$320$55
40 years$2,201$1,387$844$500$290$47
41 years$2,123$1,320$791$461$263$41
42 years$2,050$1,257$742$426$239$35
43 years$1,980$1,198$697$393$217$30
44 years$1,913$1,142$654$363$197$26
45 years$1,849$1,089$614$335$179$22
46 years$1,789$1,039$577$309$162$19
47 years$1,731$991$542$286$147$16
48 years$1,675$946$509$264$134$14
49 years$1,623$904$479$244$121$12
50 years$1,572$863$450$226$110$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,610,000, adding $3,849 every year, while hoping to spend $37,844 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: 42/30/28 Blend
29$1,610,000$1,610,000$1,610,000$1,610,000
30$1,778,190$1,692,860$1,667,905$1,838,153
31$1,919,300$1,735,545$1,683,514$1,924,375
32$2,073,534$1,779,052$1,698,378$2,013,839
33$2,242,193$1,823,383$1,712,431$2,110,006
34$2,426,704$1,868,537$1,725,606$2,213,518
35$2,628,644$1,914,512$1,737,830$2,325,082
36$2,849,746$1,961,303$1,749,027$2,445,478
37$3,091,919$2,008,906$1,759,118$2,575,566
38$3,357,266$2,057,313$1,768,020$2,716,291
39$3,648,102$2,106,517$1,775,644$2,868,698
40$3,966,978$2,156,506$1,781,898$3,033,936
41$4,316,703$2,207,268$1,786,684$3,213,275
42$4,700,370$2,258,787$1,789,902$3,408,112
43$5,121,387$2,311,047$1,791,443$3,619,987
44$5,583,508$2,364,027$1,791,195$3,850,599
45$6,090,867$2,417,706$1,789,041$4,101,821
46$6,648,018$2,472,056$1,784,857$4,375,717
47$7,259,979$2,527,050$1,778,513$4,674,563
48$7,932,277$2,582,655$1,769,873$5,000,868
49$8,671,000$2,638,837$1,758,794$5,357,397
50$9,482,856$2,695,554$1,745,128$5,747,199
51$10,375,236$2,752,764$1,728,718$6,173,636
52$11,356,279$2,810,419$1,709,400$6,640,413
53$12,434,956$2,868,466$1,687,001$7,151,617
54$13,621,149$2,926,848$1,661,343$7,711,750
55$14,925,745$2,985,502$1,632,237$8,325,778
56$16,360,740$3,044,361$1,599,485$8,999,175
57$17,939,350$3,103,349$1,562,883$9,737,975
58$19,676,137$3,162,387$1,522,213$10,548,830
59$21,587,147$3,221,388$1,477,251$11,439,074
60$23,690,057$3,280,257$1,427,760$12,416,792
61$26,004,346$3,338,892$1,373,493$13,490,895
62$28,551,476$3,397,185$1,314,192$14,671,208
63$31,355,097$3,455,017$1,249,587$15,968,562
64$34,441,264$3,512,261$1,179,396$17,394,895
65$37,838,692$3,568,780$1,103,324$18,963,370
66$41,579,015$3,624,427$1,021,063$20,688,492
67$45,697,097$3,679,046$932,291$22,586,256
68$50,231,349$3,732,467$836,670$24,674,290
69$55,224,099$3,784,510$733,851$26,972,025
70$60,721,987$3,834,982$623,466$29,500,884
71$66,776,409$3,883,675$505,131$32,284,477
72$73,443,996$3,930,369$378,446$35,348,831
73$80,787,154$3,974,827$242,994$38,722,635
74$88,874,647$4,016,797$98,338$42,437,510
75$97,782,252$4,056,011$0$46,528,313
76$107,593,468$4,092,181$0$51,050,204
77$118,400,307$4,125,003$0$56,061,231
78$130,304,160$4,154,151$0$61,578,808
79$143,416,758$4,179,278$0$67,654,539
80$157,861,221$4,200,016$0$74,345,290
81$173,773,222$4,215,973$0$81,713,732
82$191,302,266$4,226,731$0$89,828,930
83$210,613,105$4,231,849$0$98,766,997
84$231,887,286$4,230,854$0$108,611,810
85$255,324,870$4,223,247$0$119,455,808
86$281,146,319$4,208,497$0$131,400,859
87$309,594,571$4,186,042$0$144,559,229
88$340,937,343$4,155,283$0$159,054,635
89$375,469,647$4,115,587$0$175,023,421
90$413,516,582$4,066,282$0$192,615,843
91$455,436,398$4,006,655$0$211,997,488
92$501,623,882$3,935,952$0$233,350,838
93$552,514,077$3,853,373$0$256,876,997
94$608,586,396$3,758,071$0$282,797,588
95$670,369,142$3,649,150$0$311,356,846
96$738,444,496$3,525,660$0$342,823,927
97$813,454,014$3,386,597$0$377,495,450
98$896,104,681$3,230,898$0$415,698,301
99$987,175,583$3,057,437$0$457,792,716
100$1,087,525,267$2,865,026$0$504,175,687