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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$133,778$132,586$131,424$130,289$129,181$125,651
2 years$66,227$64,993$63,798$62,639$61,515$57,984
3 years$43,713$42,474$41,282$40,133$39,028$35,606
4 years$32,458$31,223$30,042$28,914$27,835$24,550
5 years$25,707$24,479$23,314$22,209$21,160$18,020
6 years$21,207$19,989$18,841$17,760$16,743$13,751
7 years$17,995$16,787$15,657$14,602$13,616$10,773
8 years$15,586$14,389$13,279$12,249$11,296$8,600
9 years$13,714$12,528$11,437$10,434$9,513$6,961
10 years$12,217$11,043$9,971$8,994$8,106$5,694
11 years$10,994$9,831$8,778$7,827$6,971$4,697
12 years$9,974$8,824$7,790$6,866$6,041$3,900
13 years$9,113$7,974$6,960$6,061$5,268$3,255
14 years$8,375$7,248$6,254$5,381$4,618$2,729
15 years$7,736$6,622$5,646$4,798$4,066$2,296
16 years$7,177$6,075$5,119$4,297$3,593$1,937
17 years$6,685$5,595$4,658$3,860$3,186$1,638
18 years$6,248$5,170$4,252$3,479$2,833$1,388
19 years$5,857$4,791$3,893$3,144$2,525$1,178
20 years$5,506$4,452$3,573$2,847$2,255$1,002
21 years$5,189$4,147$3,286$2,584$2,018$852
22 years$4,900$3,871$3,029$2,349$1,809$726
23 years$4,638$3,621$2,797$2,140$1,624$619
24 years$4,397$3,392$2,586$1,951$1,460$528
25 years$4,177$3,184$2,395$1,782$1,314$451
26 years$3,973$2,992$2,222$1,630$1,183$385
27 years$3,785$2,816$2,063$1,492$1,067$329
28 years$3,611$2,653$1,918$1,367$963$282
29 years$3,449$2,503$1,785$1,253$869$241
30 years$3,298$2,364$1,662$1,150$785$206
31 years$3,157$2,235$1,550$1,056$710$176
32 years$3,025$2,115$1,446$971$642$151
33 years$2,901$2,003$1,350$893$581$129
34 years$2,785$1,898$1,261$821$526$111
35 years$2,676$1,800$1,179$756$477$95
36 years$2,573$1,709$1,103$696$432$81
37 years$2,476$1,623$1,033$642$391$69
38 years$2,384$1,542$967$591$355$59
39 years$2,297$1,467$906$545$322$51
40 years$2,215$1,395$849$503$292$44
41 years$2,137$1,328$796$464$265$37
42 years$2,062$1,265$747$428$240$32
43 years$1,992$1,205$701$395$218$27
44 years$1,925$1,149$658$365$198$24
45 years$1,861$1,095$618$337$180$20
46 years$1,800$1,045$580$311$163$17
47 years$1,742$997$545$288$148$15
48 years$1,686$952$512$266$135$13
49 years$1,633$909$481$246$122$11
50 years$1,582$868$453$227$111$9

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 $3,505 every year, while hoping to spend $34,051 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: 27/44/29 Blend
29$1,620,000$1,620,000$1,620,000$1,620,000
30$1,788,855$1,702,995$1,677,885$1,820,965
31$1,935,089$1,750,212$1,697,865$1,894,601
32$2,095,096$1,798,601$1,717,372$1,970,458
33$2,270,248$1,848,184$1,736,355$2,051,216
34$2,462,050$1,898,983$1,754,760$2,137,320
35$2,672,164$1,951,018$1,772,530$2,229,254
36$2,902,418$2,004,310$1,789,602$2,327,554
37$3,154,825$2,058,882$1,805,914$2,432,810
38$3,431,602$2,114,752$1,821,398$2,545,672
39$3,735,193$2,171,943$1,835,982$2,666,853
40$4,068,288$2,230,473$1,849,592$2,797,143
41$4,433,849$2,290,362$1,862,150$2,937,407
42$4,835,142$2,351,630$1,873,572$3,088,601
43$5,275,761$2,414,294$1,883,771$3,251,778
44$5,759,667$2,478,373$1,892,656$3,428,096
45$6,291,224$2,543,885$1,900,131$3,618,834
46$6,875,238$2,610,844$1,906,095$3,825,398
47$7,517,005$2,679,267$1,910,441$4,049,340
48$8,222,356$2,749,169$1,913,058$4,292,369
49$8,997,721$2,820,562$1,913,829$4,556,368
50$9,850,178$2,893,459$1,912,632$4,843,412
51$10,787,528$2,967,871$1,909,337$5,155,791
52$11,818,366$3,043,806$1,903,810$5,496,023
53$12,952,160$3,121,274$1,895,909$5,866,889
54$14,199,343$3,200,279$1,885,485$6,271,450
55$15,571,411$3,280,827$1,872,383$6,713,083
56$17,081,026$3,362,920$1,856,439$7,195,507
57$18,742,145$3,446,557$1,837,484$7,722,824
58$20,570,141$3,531,735$1,815,337$8,299,554
59$22,581,957$3,618,452$1,789,812$8,930,679
60$24,796,258$3,706,697$1,760,712$9,621,691
61$27,233,612$3,796,461$1,727,832$10,378,644
62$29,916,683$3,887,730$1,690,957$11,208,209
63$32,870,442$3,980,486$1,649,861$12,117,741
64$36,122,405$4,074,709$1,604,310$13,115,349
65$39,702,893$4,170,372$1,554,057$14,209,967
66$43,645,315$4,267,447$1,498,845$15,411,445
67$47,986,485$4,365,900$1,438,404$16,730,642
68$52,766,968$4,465,691$1,372,452$18,179,526
69$58,031,466$4,566,776$1,300,696$19,771,286
70$63,829,234$4,669,106$1,222,828$21,520,465
71$70,214,548$4,772,625$1,138,525$23,443,090
72$77,247,219$4,877,271$1,047,452$25,556,828
73$84,993,152$4,982,974$949,259$27,881,150
74$93,524,972$5,089,658$843,577$30,437,521
75$102,922,706$5,197,238$730,024$33,249,599
76$113,274,543$5,305,623$608,200$36,343,461
77$124,677,658$5,414,711$477,688$39,747,849
78$137,239,139$5,524,392$338,050$43,494,444
79$151,076,988$5,634,544$188,832$47,618,165
80$166,321,241$5,745,037$29,557$52,157,500
81$183,115,191$5,855,727$0$57,154,869
82$201,616,743$5,966,460$0$62,700,479
83$221,999,904$6,077,069$0$68,815,000
84$244,456,421$6,187,373$0$75,546,245
85$269,197,598$6,297,177$0$82,956,993
86$296,456,284$6,406,269$0$91,116,428
87$326,489,073$6,514,423$0$100,100,790
88$359,578,724$6,621,396$0$109,994,098
89$396,036,835$6,726,926$0$120,888,942
90$436,206,777$6,830,730$0$132,887,357
91$480,466,940$6,932,507$0$146,101,789
92$529,234,302$7,031,935$0$160,656,154
93$582,968,367$7,128,665$0$176,687,012
94$642,175,500$7,222,329$0$194,344,853
95$707,413,707$7,312,530$0$213,795,522
96$779,297,906$7,398,844$0$235,221,785
97$858,505,724$7,480,820$0$258,825,052
98$945,783,903$7,557,975$0$284,827,283
99$1,041,955,339$7,629,794$0$313,473,085
100$1,147,926,858$7,695,728$0$345,032,019