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

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$132,952$131,768$130,613$129,485$128,384$127,308
2 years$65,818$64,592$63,404$62,252$61,135$60,051
3 years$43,443$42,212$41,027$39,886$38,787$37,728
4 years$32,257$31,030$29,857$28,735$27,663$26,637
5 years$25,548$24,328$23,170$22,072$21,029$20,040
6 years$21,076$19,866$18,725$17,651$16,639$15,688
7 years$17,884$16,683$15,561$14,512$13,532$12,618
8 years$15,490$14,300$13,197$12,173$11,226$10,350
9 years$13,630$12,451$11,366$10,369$9,454$8,616
10 years$12,142$10,975$9,909$8,938$8,055$7,255
11 years$10,926$9,770$8,724$7,779$6,928$6,164
12 years$9,913$8,769$7,742$6,823$6,004$5,275
13 years$9,056$7,925$6,917$6,024$5,235$4,542
14 years$8,323$7,204$6,215$5,347$4,589$3,930
15 years$7,688$6,581$5,611$4,769$4,041$3,415
16 years$7,133$6,038$5,088$4,270$3,571$2,978
17 years$6,644$5,560$4,630$3,837$3,166$2,604
18 years$6,209$5,138$4,226$3,458$2,815$2,284
19 years$5,821$4,762$3,869$3,124$2,509$2,007
20 years$5,472$4,425$3,551$2,830$2,242$1,767
21 years$5,157$4,122$3,266$2,568$2,006$1,558
22 years$4,870$3,847$3,010$2,335$1,798$1,376
23 years$4,609$3,598$2,779$2,126$1,614$1,217
24 years$4,370$3,372$2,570$1,939$1,451$1,077
25 years$4,151$3,164$2,381$1,771$1,305$955
26 years$3,949$2,974$2,208$1,619$1,176$847
27 years$3,762$2,799$2,050$1,482$1,060$752
28 years$3,588$2,637$1,906$1,358$957$668
29 years$3,427$2,488$1,774$1,245$864$593
30 years$3,277$2,349$1,652$1,143$780$528
31 years$3,137$2,221$1,540$1,050$706$469
32 years$3,006$2,102$1,437$965$638$418
33 years$2,883$1,990$1,342$887$578$372
34 years$2,768$1,886$1,254$816$523$331
35 years$2,659$1,789$1,172$751$474$295
36 years$2,557$1,698$1,096$692$429$263
37 years$2,461$1,613$1,026$638$389$234
38 years$2,369$1,533$961$588$353$209
39 years$2,283$1,457$900$542$320$186
40 years$2,201$1,387$844$500$290$166
41 years$2,123$1,320$791$461$263$148
42 years$2,050$1,257$742$426$239$132
43 years$1,980$1,198$697$393$217$118
44 years$1,913$1,142$654$363$197$105
45 years$1,849$1,089$614$335$179$94
46 years$1,789$1,039$577$309$162$84
47 years$1,731$991$542$286$147$75
48 years$1,675$946$509$264$134$67
49 years$1,623$904$479$244$121$59
50 years$1,572$863$450$226$110$53

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 $2,801 every year, while hoping to spend $52,554 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: 62/27/11 Blend
29$1,610,000$1,610,000$1,610,000$1,610,000
30$1,777,109$1,691,779$1,666,824$1,882,616
31$1,902,457$1,718,759$1,666,746$1,980,605
32$2,038,830$1,745,300$1,664,903$2,081,229
33$2,187,295$1,771,325$1,661,182$2,189,760
34$2,349,030$1,796,750$1,655,462$2,306,965
35$2,525,328$1,821,488$1,647,618$2,433,689
36$2,717,615$1,845,445$1,637,517$2,570,863
37$2,927,458$1,868,518$1,625,020$2,719,516
38$3,156,584$1,890,600$1,609,983$2,880,779
39$3,406,892$1,911,576$1,592,254$3,055,900
40$3,680,474$1,931,323$1,571,674$3,246,256
41$3,979,633$1,949,708$1,548,075$3,453,365
42$4,306,904$1,966,592$1,521,284$3,678,899
43$4,665,080$1,981,827$1,491,119$3,924,702
44$5,057,233$1,995,252$1,457,387$4,192,810
45$5,486,751$2,006,699$1,419,889$4,485,464
46$5,957,360$2,015,987$1,378,416$4,805,137
47$6,473,166$2,022,926$1,332,748$5,154,555
48$7,038,692$2,027,312$1,282,658$5,536,724
49$7,658,917$2,028,929$1,227,906$5,954,959
50$8,339,327$2,027,547$1,168,241$6,412,915
51$9,085,963$2,022,922$1,103,402$6,914,620
52$9,905,481$2,014,795$1,033,115$7,464,517
53$10,805,211$2,002,891$957,096$8,067,506
54$11,793,229$1,986,919$875,046$8,728,988
55$12,878,431$1,966,570$786,652$9,454,916
56$14,070,615$1,941,517$691,589$10,251,858
57$15,380,577$1,911,411$589,517$11,127,052
58$16,820,211$1,875,884$480,080$12,088,480
59$18,402,618$1,834,548$362,908$13,144,942
60$20,142,232$1,786,988$237,613$14,306,138
61$22,054,958$1,732,769$103,791$15,582,766
62$24,158,316$1,671,426$0$16,986,617
63$26,471,609$1,602,471$0$18,535,272
64$29,016,106$1,525,385$0$20,251,782
65$31,815,240$1,439,621$0$22,139,807
66$34,894,830$1,344,598$0$24,216,823
67$38,283,323$1,239,703$0$26,502,093
68$42,012,063$1,124,289$0$29,016,848
69$46,115,585$997,671$0$31,784,490
70$50,631,942$859,125$0$34,830,813
71$55,603,064$707,885$0$38,184,249
72$61,075,150$543,145$0$41,876,134
73$67,099,107$364,051$0$45,941,006
74$73,731,027$169,701$0$50,416,937
75$81,032,720$0$0$55,345,885
76$89,072,291$0$0$60,786,238
77$97,924,786$0$0$66,832,365
78$107,672,901$0$0$73,490,343
79$118,407,756$0$0$80,822,428
80$130,229,761$0$0$88,897,223
81$143,249,560$0$0$97,790,320
82$157,589,074$0$0$107,585,019
83$173,382,652$0$0$118,373,110
84$190,778,339$0$0$130,255,740
85$209,939,272$0$0$143,344,369
86$231,045,219$0$0$157,761,818
87$254,294,275$0$0$173,643,431
88$279,904,731$0$0$191,138,351
89$308,117,136$0$0$210,410,926
90$339,196,563$0$0$231,642,262
91$373,435,113$0$0$255,031,931
92$411,154,670$0$0$280,799,855
93$452,709,942$0$0$309,188,379
94$498,491,803$0$0$340,464,561
95$548,930,985$0$0$374,922,690
96$604,502,143$0$0$412,887,068
97$665,728,336$0$0$454,715,063
98$733,185,961$0$0$500,800,490
99$807,510,193$0$0$551,577,322
100$889,400,984$0$0$607,523,788