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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$135,430$134,223$133,046$131,898$130,776$128,083
2 years$67,044$65,796$64,586$63,412$62,274$59,574
3 years$44,252$42,998$41,791$40,629$39,509$36,885
4 years$32,858$31,608$30,413$29,271$28,178$25,651
5 years$26,024$24,781$23,602$22,483$21,421$18,997
6 years$21,469$20,236$19,074$17,980$16,950$14,632
7 years$18,217$16,994$15,850$14,782$13,784$11,574
8 years$15,779$14,567$13,442$12,400$11,436$9,331
9 years$13,884$12,683$11,578$10,562$9,630$7,630
10 years$12,368$11,180$10,094$9,105$8,206$6,308
11 years$11,129$9,953$8,887$7,924$7,057$5,260
12 years$10,098$8,933$7,887$6,950$6,116$4,416
13 years$9,225$8,073$7,046$6,136$5,333$3,729
14 years$8,478$7,338$6,331$5,447$4,675$3,162
15 years$7,831$6,703$5,716$4,858$4,116$2,692
16 years$7,266$6,150$5,182$4,350$3,638$2,299
17 years$6,767$5,664$4,716$3,908$3,225$1,968
18 years$6,325$5,234$4,305$3,522$2,868$1,689
19 years$5,929$4,851$3,941$3,182$2,556$1,452
20 years$5,574$4,507$3,617$2,882$2,283$1,250
21 years$5,253$4,199$3,327$2,616$2,043$1,078
22 years$4,961$3,919$3,066$2,378$1,832$931
23 years$4,695$3,666$2,831$2,166$1,644$804
24 years$4,452$3,434$2,618$1,976$1,478$695
25 years$4,228$3,223$2,425$1,804$1,330$602
26 years$4,022$3,029$2,249$1,650$1,198$521
27 years$3,832$2,851$2,088$1,510$1,080$452
28 years$3,655$2,686$1,941$1,383$974$392
29 years$3,491$2,534$1,807$1,269$880$340
30 years$3,338$2,393$1,683$1,164$795$295
31 years$3,196$2,262$1,569$1,069$719$256
32 years$3,062$2,141$1,464$983$650$222
33 years$2,937$2,027$1,367$904$588$193
34 years$2,819$1,921$1,277$831$533$167
35 years$2,709$1,822$1,194$765$483$145
36 years$2,605$1,730$1,117$705$437$126
37 years$2,506$1,643$1,045$650$396$110
38 years$2,413$1,561$979$599$359$95
39 years$2,325$1,485$917$552$326$83
40 years$2,242$1,412$860$509$295$72
41 years$2,163$1,345$806$470$268$63
42 years$2,088$1,281$756$434$243$54
43 years$2,017$1,220$710$400$221$47
44 years$1,949$1,163$666$370$200$41
45 years$1,884$1,109$625$341$182$36
46 years$1,822$1,058$587$315$165$31
47 years$1,763$1,010$552$291$150$27
48 years$1,707$964$519$269$136$23
49 years$1,653$920$487$249$124$20
50 years$1,601$879$458$230$112$18

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 $4,045 every year, while hoping to spend $32,025 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: 83/8/9 Blend
29$1,640,000$1,640,000$1,640,000$1,640,000
30$1,811,452$1,724,532$1,699,112$1,959,247
31$1,962,146$1,774,960$1,721,958$2,106,940
32$2,127,137$1,826,786$1,744,496$2,264,395
33$2,307,851$1,880,043$1,766,682$2,436,321
34$2,505,854$1,934,768$1,788,469$2,624,150
35$2,722,877$1,990,997$1,809,808$2,829,463
36$2,960,820$2,048,766$1,830,646$3,053,998
37$3,221,781$2,108,112$1,850,930$3,299,670
38$3,508,066$2,169,073$1,870,600$3,568,588
39$3,822,219$2,231,688$1,889,595$3,863,075
40$4,167,040$2,295,996$1,907,851$4,185,689
41$4,545,613$2,362,035$1,925,300$4,539,250
42$4,961,338$2,429,847$1,941,869$4,926,863
43$5,417,957$2,499,471$1,957,484$5,351,948
44$5,919,593$2,570,951$1,972,065$5,818,272
45$6,470,790$2,644,326$1,985,527$6,329,987
46$7,076,553$2,719,639$1,997,784$6,891,666
47$7,742,394$2,796,934$2,008,743$7,508,346
48$8,474,388$2,876,254$2,018,305$8,185,579
49$9,279,226$2,957,641$2,026,370$8,929,479
50$10,164,283$3,041,141$2,032,828$9,746,785
51$11,137,680$3,126,797$2,037,568$10,644,919
52$12,208,368$3,214,655$2,040,472$11,632,060
53$13,386,207$3,304,759$2,041,413$12,717,220
54$14,682,063$3,397,155$2,040,263$13,910,329
55$16,107,905$3,491,887$2,036,884$15,222,326
56$17,676,924$3,589,002$2,031,132$16,665,267
57$19,403,652$3,688,545$2,022,857$18,252,433
58$21,304,102$3,790,562$2,011,900$19,998,461
59$23,395,919$3,895,097$1,998,097$21,919,478
60$25,698,543$4,002,197$1,981,273$24,033,253
61$28,233,396$4,111,907$1,961,248$26,359,368
62$31,024,082$4,224,270$1,937,830$28,919,398
63$34,096,612$4,339,333$1,910,820$31,737,119
64$37,479,644$4,457,137$1,880,010$34,838,728
65$41,204,758$4,577,727$1,845,181$38,253,095
66$45,306,752$4,701,146$1,806,104$42,012,030
67$49,823,972$4,827,433$1,762,540$46,150,588
68$54,798,671$4,956,630$1,714,238$50,707,395
69$60,277,407$5,088,777$1,660,937$55,725,017
70$66,311,486$5,223,911$1,602,362$61,250,360
71$72,957,444$5,362,069$1,538,227$67,335,110
72$80,277,578$5,503,285$1,468,232$74,036,224
73$88,340,538$5,647,593$1,392,065$81,416,467
74$97,221,971$5,795,023$1,309,397$89,545,003
75$107,005,237$5,945,604$1,219,887$98,498,049
76$117,782,195$6,099,363$1,123,177$108,359,595
77$129,654,069$6,256,322$1,018,894$119,222,192
78$142,732,404$6,416,501$906,647$131,187,833
79$157,140,119$6,579,919$786,029$144,368,910
80$173,012,664$6,746,588$656,614$158,889,277
81$190,499,302$6,916,518$517,957$174,885,419
82$209,764,517$7,089,713$369,595$192,507,738
83$230,989,564$7,266,176$211,043$211,921,979
84$254,374,182$7,445,900$41,795$233,310,786
85$280,138,476$7,628,877$0$256,875,433
86$308,524,999$7,815,091$0$282,851,052
87$339,801,039$8,004,520$0$311,473,883
88$374,261,139$8,197,135$0$343,009,313
89$412,229,881$8,392,901$0$377,754,223
90$454,064,950$8,591,774$0$416,035,767
91$500,160,505$8,793,702$0$458,214,464
92$550,950,907$8,998,623$0$504,687,600
93$606,914,811$9,206,467$0$555,892,977
94$668,579,692$9,417,154$0$612,313,047
95$736,526,816$9,630,591$0$674,479,465
96$811,396,736$9,846,674$0$742,978,108
97$893,895,328$10,065,286$0$818,454,605
98$984,800,466$10,286,299$0$901,620,434
99$1,084,969,353$10,509,568$0$993,259,633
100$1,195,346,623$10,734,932$0$1,094,236,207