Can I retire at age 30 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$135,430$134,223$133,046$131,898$130,776$129,952
2 years$67,044$65,796$64,586$63,412$62,274$61,443
3 years$44,252$42,998$41,791$40,629$39,509$38,697
4 years$32,858$31,608$30,413$29,271$28,178$27,390
5 years$26,024$24,781$23,602$22,483$21,421$20,660
6 years$21,469$20,236$19,074$17,980$16,950$16,217
7 years$18,217$16,994$15,850$14,782$13,784$13,080
8 years$15,779$14,567$13,442$12,400$11,436$10,760
9 years$13,884$12,683$11,578$10,562$9,630$8,983
10 years$12,368$11,180$10,094$9,105$8,206$7,586
11 years$11,129$9,953$8,887$7,924$7,057$6,465
12 years$10,098$8,933$7,887$6,950$6,116$5,551
13 years$9,225$8,073$7,046$6,136$5,333$4,795
14 years$8,478$7,338$6,331$5,447$4,675$4,162
15 years$7,831$6,703$5,716$4,858$4,116$3,629
16 years$7,266$6,150$5,182$4,350$3,638$3,175
17 years$6,767$5,664$4,716$3,908$3,225$2,787
18 years$6,325$5,234$4,305$3,522$2,868$2,452
19 years$5,929$4,851$3,941$3,182$2,556$2,162
20 years$5,574$4,507$3,617$2,882$2,283$1,911
21 years$5,253$4,199$3,327$2,616$2,043$1,692
22 years$4,961$3,919$3,066$2,378$1,832$1,500
23 years$4,695$3,666$2,831$2,166$1,644$1,331
24 years$4,452$3,434$2,618$1,976$1,478$1,183
25 years$4,228$3,223$2,425$1,804$1,330$1,052
26 years$4,022$3,029$2,249$1,650$1,198$937
27 years$3,832$2,851$2,088$1,510$1,080$835
28 years$3,655$2,686$1,941$1,383$974$745
29 years$3,491$2,534$1,807$1,269$880$664
30 years$3,338$2,393$1,683$1,164$795$593
31 years$3,196$2,262$1,569$1,069$719$530
32 years$3,062$2,141$1,464$983$650$473
33 years$2,937$2,027$1,367$904$588$423
34 years$2,819$1,921$1,277$831$533$378
35 years$2,709$1,822$1,194$765$483$339
36 years$2,605$1,730$1,117$705$437$303
37 years$2,506$1,643$1,045$650$396$271
38 years$2,413$1,561$979$599$359$243
39 years$2,325$1,485$917$552$326$217
40 years$2,242$1,412$860$509$295$195
41 years$2,163$1,345$806$470$268$174
42 years$2,088$1,281$756$434$243$156
43 years$2,017$1,220$710$400$221$140
44 years$1,949$1,163$666$370$200$125
45 years$1,884$1,109$625$341$182$112
46 years$1,822$1,058$587$315$165$101
47 years$1,763$1,010$552$291$150$90
48 years$1,707$964$519$269$136$81
49 years$1,653$920$487$249$124$72
50 years$1,601$879$458$230$112$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,640,000, adding $3,627 every year, while hoping to spend $26,470 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: 41/29/30 Blend
29$1,640,000$1,640,000$1,640,000$1,640,000
30$1,811,021$1,724,101$1,698,681$1,869,173
31$1,967,582$1,780,418$1,727,423$1,968,062
32$2,139,224$1,838,608$1,756,241$2,072,309
33$2,327,459$1,898,733$1,785,109$2,184,659
34$2,533,949$1,960,861$1,814,000$2,305,876
35$2,760,528$2,025,060$1,842,885$2,436,799
36$3,009,214$2,091,400$1,871,734$2,578,352
37$3,282,230$2,159,954$1,900,513$2,731,552
38$3,582,025$2,230,799$1,929,187$2,897,519
39$3,911,296$2,304,013$1,957,720$3,077,482
40$4,273,016$2,379,678$1,986,072$3,272,798
41$4,670,459$2,457,878$2,014,200$3,484,959
42$5,107,232$2,538,699$2,042,062$3,715,606
43$5,587,307$2,622,233$2,069,608$3,966,549
44$6,115,063$2,708,573$2,096,791$4,239,778
45$6,695,322$2,797,816$2,123,556$4,537,486
46$7,333,398$2,890,062$2,149,848$4,862,086
47$8,035,146$2,985,416$2,175,609$5,216,237
48$8,807,014$3,083,985$2,200,775$5,602,867
49$9,656,110$3,185,880$2,225,282$6,025,201
50$10,590,263$3,291,218$2,249,058$6,486,789
51$11,618,100$3,400,119$2,272,032$6,991,544
52$12,749,127$3,512,705$2,294,127$7,543,774
53$13,993,818$3,629,107$2,315,259$8,148,226
54$15,363,711$3,749,458$2,335,345$8,810,126
55$16,871,524$3,873,895$2,354,292$9,535,235
56$18,531,265$4,002,562$2,372,008$10,329,898
57$20,358,374$4,135,608$2,388,390$11,201,102
58$22,369,861$4,273,185$2,403,334$12,156,550
59$24,584,470$4,415,455$2,416,729$13,204,723
60$27,022,855$4,562,581$2,428,458$14,354,967
61$29,707,775$4,714,736$2,438,400$15,617,581
62$32,664,307$4,872,097$2,446,425$17,003,909
63$35,920,085$5,034,848$2,452,399$18,526,451
64$39,505,558$5,203,180$2,456,179$20,198,978
65$43,454,282$5,377,293$2,457,617$22,036,666
66$47,803,228$5,557,390$2,456,557$24,056,234
67$52,593,140$5,743,685$2,452,835$26,276,104
68$57,868,914$5,936,398$2,446,278$28,716,576
69$63,680,022$6,135,761$2,436,707$31,400,016
70$70,080,979$6,342,008$2,423,932$34,351,069
71$77,131,861$6,555,389$2,407,756$37,596,892
72$84,898,865$6,776,157$2,387,970$41,167,408
73$93,454,940$7,004,579$2,364,357$45,095,589
74$102,880,471$7,240,930$2,336,690$49,417,770
75$113,264,039$7,485,496$2,304,729$54,173,987
76$124,703,258$7,738,573$2,268,225$59,408,355
77$137,305,696$8,000,468$2,226,916$65,169,488
78$151,189,888$8,271,502$2,180,529$71,510,957
79$166,486,456$8,552,006$2,128,776$78,491,790
80$183,339,343$8,842,322$2,071,359$86,177,036
81$201,907,170$9,142,810$2,007,963$94,638,375
82$222,364,732$9,453,838$1,938,260$103,954,794
83$244,904,651$9,775,792$1,861,908$114,213,334
84$269,739,191$10,109,072$1,778,548$125,509,911
85$297,102,264$10,454,091$1,687,804$137,950,221
86$327,251,634$10,811,282$1,589,286$151,650,738
87$360,471,356$11,181,090$1,482,582$166,739,811
88$397,074,452$11,563,980$1,367,266$183,358,880
89$437,405,866$11,960,436$1,242,889$201,663,806
90$481,845,724$12,370,957$1,108,986$221,826,345
91$530,812,918$12,796,064$965,067$244,035,767
92$584,769,062$13,236,297$810,623$268,500,647
93$644,222,850$13,692,219$645,122$295,450,829
94$709,734,855$14,164,412$468,008$325,139,595
95$781,922,824$14,653,482$278,700$357,846,063
96$861,467,510$15,160,060$76,594$393,877,812
97$949,119,092$15,684,800$0$433,573,794
98$1,045,704,267$16,228,382$0$477,352,051
99$1,152,134,042$16,791,513$0$525,608,733
100$1,269,412,344$17,374,927$0$578,773,113