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%17.3%
1 years$132,952$131,768$130,613$129,485$128,384$124,573
2 years$65,818$64,592$63,404$62,252$61,135$57,328
3 years$43,443$42,212$41,027$39,886$38,787$35,102
4 years$32,257$31,030$29,857$28,735$27,663$24,129
5 years$25,548$24,328$23,170$22,072$21,029$17,655
6 years$21,076$19,866$18,725$17,651$16,639$13,429
7 years$17,884$16,683$15,561$14,512$13,532$10,485
8 years$15,490$14,300$13,197$12,173$11,226$8,340
9 years$13,630$12,451$11,366$10,369$9,454$6,726
10 years$12,142$10,975$9,909$8,938$8,055$5,482
11 years$10,926$9,770$8,724$7,779$6,928$4,504
12 years$9,913$8,769$7,742$6,823$6,004$3,725
13 years$9,056$7,925$6,917$6,024$5,235$3,097
14 years$8,323$7,204$6,215$5,347$4,589$2,585
15 years$7,688$6,581$5,611$4,769$4,041$2,166
16 years$7,133$6,038$5,088$4,270$3,571$1,819
17 years$6,644$5,560$4,630$3,837$3,166$1,532
18 years$6,209$5,138$4,226$3,458$2,815$1,292
19 years$5,821$4,762$3,869$3,124$2,509$1,092
20 years$5,472$4,425$3,551$2,830$2,242$924
21 years$5,157$4,122$3,266$2,568$2,006$783
22 years$4,870$3,847$3,010$2,335$1,798$664
23 years$4,609$3,598$2,779$2,126$1,614$563
24 years$4,370$3,372$2,570$1,939$1,451$478
25 years$4,151$3,164$2,381$1,771$1,305$407
26 years$3,949$2,974$2,208$1,619$1,176$346
27 years$3,762$2,799$2,050$1,482$1,060$294
28 years$3,588$2,637$1,906$1,358$957$250
29 years$3,427$2,488$1,774$1,245$864$213
30 years$3,277$2,349$1,652$1,143$780$181
31 years$3,137$2,221$1,540$1,050$706$154
32 years$3,006$2,102$1,437$965$638$131
33 years$2,883$1,990$1,342$887$578$112
34 years$2,768$1,886$1,254$816$523$95
35 years$2,659$1,789$1,172$751$474$81
36 years$2,557$1,698$1,096$692$429$69
37 years$2,461$1,613$1,026$638$389$59
38 years$2,369$1,533$961$588$353$50
39 years$2,283$1,457$900$542$320$43
40 years$2,201$1,387$844$500$290$36
41 years$2,123$1,320$791$461$263$31
42 years$2,050$1,257$742$426$239$27
43 years$1,980$1,198$697$393$217$23
44 years$1,913$1,142$654$363$197$19
45 years$1,849$1,089$614$335$179$16
46 years$1,789$1,039$577$309$162$14
47 years$1,731$991$542$286$147$12
48 years$1,675$946$509$264$134$10
49 years$1,623$904$479$244$121$9
50 years$1,572$863$450$226$110$7

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 $6,330 every year, while hoping to spend $32,757 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: 78/8/14 Blend
29$1,610,000$1,610,000$1,610,000$1,610,000
30$1,780,749$1,695,419$1,670,464$1,914,064
31$1,927,533$1,743,642$1,691,572$2,050,983
32$2,088,190$1,793,129$1,712,288$2,196,325
33$2,264,102$1,843,909$1,732,566$2,354,827
34$2,456,788$1,896,009$1,752,356$2,527,791
35$2,667,924$1,949,457$1,771,603$2,716,652
36$2,899,353$2,004,281$1,790,252$2,922,987
37$3,153,106$2,060,509$1,808,244$3,148,538
38$3,431,418$2,118,170$1,825,517$3,395,219
39$3,736,755$2,177,292$1,842,003$3,665,141
40$4,071,829$2,237,904$1,857,635$3,960,630
41$4,439,629$2,300,035$1,872,340$4,284,246
42$4,843,448$2,363,714$1,886,040$4,638,811
43$5,286,912$2,428,968$1,898,654$5,027,432
44$5,774,016$2,495,827$1,910,099$5,453,535
45$6,309,162$2,564,318$1,920,283$5,920,891
46$6,897,199$2,634,472$1,929,114$6,433,658
47$7,543,466$2,706,314$1,936,493$6,996,414
48$8,253,850$2,779,873$1,942,316$7,614,206
49$9,034,832$2,855,177$1,946,473$8,292,593
50$9,893,557$2,932,252$1,948,851$9,037,699
51$10,837,892$3,011,125$1,949,330$9,856,274
52$11,876,507$3,091,821$1,947,783$10,755,755
53$13,018,956$3,174,365$1,944,079$11,744,335
54$14,275,762$3,258,782$1,938,079$12,831,043
55$15,658,523$3,345,094$1,929,637$14,025,828
56$17,180,013$3,433,325$1,918,601$15,339,652
57$18,854,312$3,523,496$1,904,811$16,784,594
58$20,696,930$3,615,626$1,888,101$18,373,966
59$22,724,959$3,709,733$1,868,295$20,122,434
60$24,957,231$3,805,836$1,845,208$22,046,160
61$27,414,496$3,903,949$1,818,650$24,162,956
62$30,119,617$4,004,086$1,788,418$26,492,445
63$33,097,790$4,106,258$1,754,302$29,056,254
64$36,376,775$4,210,474$1,716,081$31,878,215
65$39,987,161$4,316,742$1,673,524$34,984,588
66$43,962,654$4,425,066$1,626,390$38,404,312
67$48,340,398$4,535,447$1,574,427$42,169,276
68$53,161,318$4,647,883$1,517,370$46,314,622
69$58,470,513$4,762,371$1,454,943$50,879,074
70$64,317,678$4,878,900$1,386,856$55,905,306
71$70,757,575$4,997,459$1,312,809$61,440,343
72$77,850,544$5,118,032$1,232,485$67,536,007
73$85,663,082$5,240,597$1,145,555$74,249,405
74$94,268,459$5,365,129$1,051,674$81,643,466
75$103,747,418$5,491,597$950,482$89,787,539
76$114,188,934$5,619,964$841,602$98,758,046
77$125,691,052$5,750,189$724,643$108,639,203
78$138,361,813$5,882,223$599,192$119,523,815
79$152,320,276$6,016,009$464,823$131,514,152
80$167,697,637$6,151,487$321,088$144,722,918
81$184,638,471$6,288,584$167,519$159,274,309
82$203,302,094$6,427,224$3,629$175,305,190
83$223,864,066$6,567,317$0$192,966,387
84$246,517,853$6,708,767$0$212,449,692
85$271,476,645$6,851,468$0$233,914,925
86$298,975,373$6,995,300$0$257,563,472
87$329,272,928$7,140,136$0$283,617,851
88$362,654,598$7,285,835$0$312,323,274
89$399,434,767$7,432,241$0$343,949,959
90$439,959,879$7,579,187$0$378,795,681
91$484,611,711$7,726,490$0$417,188,584
92$533,810,970$7,873,953$0$459,490,276
93$588,021,273$8,021,361$0$506,099,243
94$647,753,517$8,168,482$0$557,454,612
95$713,570,703$8,315,065$0$614,040,296
96$786,093,252$8,460,840$0$676,389,560
97$866,004,858$8,605,515$0$745,090,056
98$954,058,946$8,748,778$0$820,789,369
99$1,051,085,781$8,890,291$0$904,201,136
100$1,158,000,307$9,029,691$0$996,111,773