Can I retire at age 30 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$133,778$132,586$131,424$130,289$129,181$125,247
2 years$66,227$64,993$63,798$62,639$61,515$57,585
3 years$43,713$42,474$41,282$40,133$39,028$35,225
4 years$32,458$31,223$30,042$28,914$27,835$24,189
5 years$25,707$24,479$23,314$22,209$21,160$17,680
6 years$21,207$19,989$18,841$17,760$16,743$13,433
7 years$17,995$16,787$15,657$14,602$13,616$10,476
8 years$15,586$14,389$13,279$12,249$11,296$8,323
9 years$13,714$12,528$11,437$10,434$9,513$6,705
10 years$12,217$11,043$9,971$8,994$8,106$5,457
11 years$10,994$9,831$8,778$7,827$6,971$4,478
12 years$9,974$8,824$7,790$6,866$6,041$3,699
13 years$9,113$7,974$6,960$6,061$5,268$3,071
14 years$8,375$7,248$6,254$5,381$4,618$2,560
15 years$7,736$6,622$5,646$4,798$4,066$2,142
16 years$7,177$6,075$5,119$4,297$3,593$1,796
17 years$6,685$5,595$4,658$3,860$3,186$1,510
18 years$6,248$5,170$4,252$3,479$2,833$1,272
19 years$5,857$4,791$3,893$3,144$2,525$1,074
20 years$5,506$4,452$3,573$2,847$2,255$907
21 years$5,189$4,147$3,286$2,584$2,018$767
22 years$4,900$3,871$3,029$2,349$1,809$650
23 years$4,638$3,621$2,797$2,140$1,624$550
24 years$4,397$3,392$2,586$1,951$1,460$467
25 years$4,177$3,184$2,395$1,782$1,314$396
26 years$3,973$2,992$2,222$1,630$1,183$336
27 years$3,785$2,816$2,063$1,492$1,067$285
28 years$3,611$2,653$1,918$1,367$963$242
29 years$3,449$2,503$1,785$1,253$869$206
30 years$3,298$2,364$1,662$1,150$785$175
31 years$3,157$2,235$1,550$1,056$710$149
32 years$3,025$2,115$1,446$971$642$127
33 years$2,901$2,003$1,350$893$581$108
34 years$2,785$1,898$1,261$821$526$91
35 years$2,676$1,800$1,179$756$477$78
36 years$2,573$1,709$1,103$696$432$66
37 years$2,476$1,623$1,033$642$391$56
38 years$2,384$1,542$967$591$355$48
39 years$2,297$1,467$906$545$322$41
40 years$2,215$1,395$849$503$292$35
41 years$2,137$1,328$796$464$265$30
42 years$2,062$1,265$747$428$240$25
43 years$1,992$1,205$701$395$218$21
44 years$1,925$1,149$658$365$198$18
45 years$1,861$1,095$618$337$180$15
46 years$1,800$1,045$580$311$163$13
47 years$1,742$997$545$288$148$11
48 years$1,686$952$512$266$135$10
49 years$1,633$909$481$246$122$8
50 years$1,582$868$453$227$111$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,620,000, adding $6,985 every year, while hoping to spend $36,808 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: 42/39/19 Blend
29$1,620,000$1,620,000$1,620,000$1,620,000
30$1,792,445$1,706,585$1,681,475$1,857,487
31$1,936,111$1,751,044$1,698,641$1,948,708
32$2,093,197$1,796,448$1,715,148$2,043,315
33$2,265,034$1,842,805$1,730,936$2,145,000
34$2,453,085$1,890,120$1,745,940$2,254,431
35$2,658,964$1,938,400$1,760,093$2,372,343
36$2,884,445$1,987,649$1,773,324$2,499,547
37$3,131,485$2,037,870$1,785,557$2,636,933
38$3,402,238$2,089,067$1,796,714$2,785,486
39$3,699,074$2,141,239$1,806,712$2,946,285
40$4,024,606$2,194,386$1,815,463$3,120,525
41$4,381,712$2,248,508$1,822,878$3,309,516
42$4,773,561$2,303,598$1,828,858$3,514,707
43$5,203,643$2,359,653$1,833,303$3,737,690
44$5,675,803$2,416,665$1,836,108$3,980,222
45$6,194,277$2,474,624$1,837,160$4,244,237
46$6,763,732$2,533,519$1,836,343$4,531,867
47$7,389,306$2,593,335$1,833,534$4,845,462
48$8,076,663$2,654,056$1,828,605$5,187,610
49$8,832,040$2,715,662$1,821,421$5,561,165
50$9,662,309$2,778,131$1,811,840$5,969,269
51$10,575,042$2,841,437$1,799,714$6,415,388
52$11,578,580$2,905,551$1,784,888$6,903,341
53$12,682,113$2,970,440$1,767,199$7,437,335
54$13,895,765$3,036,069$1,746,477$8,022,009
55$15,230,692$3,102,395$1,722,543$8,662,474
56$16,699,185$3,169,375$1,695,211$9,364,363
57$18,314,786$3,236,958$1,664,284$10,133,887
58$20,092,415$3,305,089$1,629,558$10,977,887
59$22,048,511$3,373,709$1,590,818$11,903,908
60$24,201,190$3,442,751$1,547,841$12,920,261
61$26,570,410$3,512,144$1,500,392$14,036,110
62$29,178,161$3,581,809$1,448,225$15,261,553
63$32,048,677$3,651,662$1,391,084$16,607,719
64$35,208,658$3,721,608$1,328,701$18,086,878
65$38,687,523$3,791,549$1,260,795$19,712,550
66$42,517,692$3,861,377$1,187,073$21,499,638
67$46,734,885$3,930,972$1,107,228$23,464,566
68$51,378,464$4,000,211$1,020,941$25,625,440
69$56,491,801$4,068,955$927,877$28,002,212
70$62,122,691$4,137,060$827,686$30,616,875
71$68,323,795$4,204,366$720,004$33,493,668
72$75,153,147$4,270,705$604,449$36,659,305
73$82,674,693$4,335,894$480,623$40,143,233
74$90,958,899$4,399,740$348,110$43,977,903
75$100,083,412$4,462,032$206,477$48,199,086
76$110,133,796$4,522,548$55,271$52,846,202
77$121,204,339$4,581,049$0$57,962,701
78$133,398,940$4,637,278$0$63,617,979
79$146,832,090$4,690,963$0$69,856,663
80$161,629,955$4,741,812$0$76,725,809
81$177,931,563$4,789,514$0$84,289,639
82$195,890,119$4,833,737$0$92,618,924
83$215,674,449$4,874,127$0$101,791,659
84$237,470,591$4,910,308$0$111,893,795
85$261,483,556$4,941,877$0$123,020,054
86$287,939,259$4,968,410$0$135,274,823
87$317,086,652$4,989,450$0$148,773,140
88$349,200,072$5,004,515$0$163,641,782
89$384,581,835$5,013,092$0$180,020,461
90$423,565,084$5,014,635$0$198,063,144
91$466,516,935$5,008,565$0$217,939,511
92$513,841,943$4,994,265$0$239,836,552
93$565,985,921$4,971,084$0$263,960,339
94$623,440,146$4,938,328$0$290,537,971
95$686,745,997$4,895,262$0$319,819,718
96$756,500,066$4,841,107$0$352,081,386
97$833,359,788$4,775,037$0$387,626,924
98$918,049,649$4,696,176$0$426,791,293
99$1,011,368,021$4,603,597$0$469,943,632
100$1,114,194,702$4,496,316$0$517,490,741