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%16.1%
1 years$132,952$131,768$130,613$129,485$128,384$125,178
2 years$65,818$64,592$63,404$62,252$61,135$57,926
3 years$43,443$42,212$41,027$39,886$38,787$35,674
4 years$32,257$31,030$29,857$28,735$27,663$24,671
5 years$25,548$24,328$23,170$22,072$21,029$18,166
6 years$21,076$19,866$18,725$17,651$16,639$13,908
7 years$17,884$16,683$15,561$14,512$13,532$10,933
8 years$15,490$14,300$13,197$12,173$11,226$8,758
9 years$13,630$12,451$11,366$10,369$9,454$7,115
10 years$12,142$10,975$9,909$8,938$8,055$5,842
11 years$10,926$9,770$8,724$7,779$6,928$4,838
12 years$9,913$8,769$7,742$6,823$6,004$4,033
13 years$9,056$7,925$6,917$6,024$5,235$3,380
14 years$8,323$7,204$6,215$5,347$4,589$2,845
15 years$7,688$6,581$5,611$4,769$4,041$2,403
16 years$7,133$6,038$5,088$4,270$3,571$2,036
17 years$6,644$5,560$4,630$3,837$3,166$1,730
18 years$6,209$5,138$4,226$3,458$2,815$1,472
19 years$5,821$4,762$3,869$3,124$2,509$1,255
20 years$5,472$4,425$3,551$2,830$2,242$1,072
21 years$5,157$4,122$3,266$2,568$2,006$917
22 years$4,870$3,847$3,010$2,335$1,798$785
23 years$4,609$3,598$2,779$2,126$1,614$672
24 years$4,370$3,372$2,570$1,939$1,451$576
25 years$4,151$3,164$2,381$1,771$1,305$494
26 years$3,949$2,974$2,208$1,619$1,176$424
27 years$3,762$2,799$2,050$1,482$1,060$364
28 years$3,588$2,637$1,906$1,358$957$313
29 years$3,427$2,488$1,774$1,245$864$269
30 years$3,277$2,349$1,652$1,143$780$231
31 years$3,137$2,221$1,540$1,050$706$199
32 years$3,006$2,102$1,437$965$638$171
33 years$2,883$1,990$1,342$887$578$147
34 years$2,768$1,886$1,254$816$523$127
35 years$2,659$1,789$1,172$751$474$109
36 years$2,557$1,698$1,096$692$429$94
37 years$2,461$1,613$1,026$638$389$81
38 years$2,369$1,533$961$588$353$70
39 years$2,283$1,457$900$542$320$60
40 years$2,201$1,387$844$500$290$52
41 years$2,123$1,320$791$461$263$44
42 years$2,050$1,257$742$426$239$38
43 years$1,980$1,198$697$393$217$33
44 years$1,913$1,142$654$363$197$28
45 years$1,849$1,089$614$335$179$24
46 years$1,789$1,039$577$309$162$21
47 years$1,731$991$542$286$147$18
48 years$1,675$946$509$264$134$16
49 years$1,623$904$479$244$121$13
50 years$1,572$863$450$226$110$12

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 $6,716 every year, while hoping to spend $51,900 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: 52/32/16 Blend
29$1,610,000$1,610,000$1,610,000$1,610,000
30$1,781,148$1,695,818$1,670,863$1,865,701
31$1,907,603$1,723,691$1,671,615$1,952,251
32$2,045,218$1,751,192$1,670,654$2,040,311
33$2,195,076$1,778,245$1,667,866$2,134,938
34$2,358,368$1,804,773$1,663,133$2,236,771
35$2,536,406$1,830,693$1,656,334$2,346,512
36$2,730,636$1,855,912$1,647,337$2,464,937
37$2,942,645$1,880,337$1,636,007$2,592,903
38$3,174,185$1,903,863$1,622,203$2,731,354
39$3,427,180$1,926,381$1,605,775$2,881,332
40$3,703,751$1,947,772$1,586,568$3,043,988
41$4,006,233$1,967,912$1,564,417$3,220,591
42$4,337,197$1,986,668$1,539,153$3,412,540
43$4,699,471$2,003,895$1,510,595$3,621,380
44$5,096,175$2,019,443$1,478,557$3,848,815
45$5,530,738$2,033,150$1,442,842$4,096,725
46$6,006,942$2,044,842$1,403,246$4,367,185
47$6,528,949$2,054,338$1,359,554$4,662,484
48$7,101,343$2,061,443$1,311,540$4,985,146
49$7,729,175$2,065,948$1,258,971$5,337,956
50$8,418,005$2,067,634$1,201,602$5,723,988
51$9,173,960$2,066,267$1,139,174$6,146,631
52$10,003,789$2,061,598$1,071,421$6,609,625
53$10,914,923$2,053,365$998,062$7,117,094
54$11,915,552$2,041,286$918,803$7,673,589
55$13,014,696$2,025,066$833,340$8,284,128
56$14,222,290$2,004,390$741,352$8,954,247
57$15,549,281$1,978,923$642,506$9,690,052
58$17,007,730$1,948,312$536,452$10,498,278
59$18,610,922$1,912,183$422,826$11,386,352
60$20,373,495$1,870,138$301,249$12,362,466
61$22,311,573$1,821,757$171,324$13,435,654
62$24,442,926$1,766,595$32,635$14,615,880
63$26,787,126$1,704,181$0$15,914,133
64$29,365,743$1,634,015$0$17,362,224
65$32,202,537$1,555,571$0$18,961,047
66$35,323,692$1,468,289$0$20,719,839
67$38,758,054$1,371,581$0$22,654,933
68$42,537,408$1,264,821$0$24,784,332
69$46,696,777$1,147,350$0$27,127,883
70$51,274,748$1,018,471$0$29,707,466
71$56,313,842$877,445$0$32,547,197
72$61,860,909$723,495$0$35,673,661
73$67,967,573$555,798$0$39,116,165
74$74,690,718$373,485$0$42,907,013
75$82,093,023$175,637$0$47,081,814
76$90,243,554$0$0$51,679,819
77$99,218,417$0$0$56,757,929
78$109,101,470$0$0$62,418,221
79$119,985,123$0$0$68,651,799
80$131,971,201$0$0$75,517,010
81$145,171,907$0$0$83,078,148
82$159,710,885$0$0$91,406,062
83$175,724,378$0$0$100,578,823
84$193,362,522$0$0$110,682,459
85$212,790,756$0$0$121,811,771
86$234,191,385$0$0$134,071,223
87$257,765,301$0$0$147,575,931
88$283,733,879$0$0$162,452,747
89$312,341,061$0$0$178,841,456
90$343,855,665$0$0$196,896,098
91$378,573,918$0$0$216,786,416
92$416,822,248$0$0$238,699,464
93$458,960,373$0$0$262,841,370
94$505,384,687$0$0$289,439,279
95$556,532,008$0$0$318,743,499
96$612,883,695$0$0$351,029,865
97$674,970,195$0$0$386,602,337
98$743,376,048$0$0$425,795,875
99$818,745,402$0$0$468,979,598
100$901,788,099$0$0$516,560,265