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%15.8%
1 years$135,430$134,223$133,046$131,898$130,776$127,666
2 years$67,044$65,796$64,586$63,412$62,274$59,160
3 years$44,252$42,998$41,791$40,629$39,509$36,487
4 years$32,858$31,608$30,413$29,271$28,178$25,271
5 years$26,024$24,781$23,602$22,483$21,421$18,637
6 years$21,469$20,236$19,074$17,980$16,950$14,293
7 years$18,217$16,994$15,850$14,782$13,784$11,254
8 years$15,779$14,567$13,442$12,400$11,436$9,031
9 years$13,884$12,683$11,578$10,562$9,630$7,350
10 years$12,368$11,180$10,094$9,105$8,206$6,047
11 years$11,129$9,953$8,887$7,924$7,057$5,016
12 years$10,098$8,933$7,887$6,950$6,116$4,190
13 years$9,225$8,073$7,046$6,136$5,333$3,518
14 years$8,478$7,338$6,331$5,447$4,675$2,968
15 years$7,831$6,703$5,716$4,858$4,116$2,512
16 years$7,266$6,150$5,182$4,350$3,638$2,133
17 years$6,767$5,664$4,716$3,908$3,225$1,816
18 years$6,325$5,234$4,305$3,522$2,868$1,549
19 years$5,929$4,851$3,941$3,182$2,556$1,324
20 years$5,574$4,507$3,617$2,882$2,283$1,133
21 years$5,253$4,199$3,327$2,616$2,043$971
22 years$4,961$3,919$3,066$2,378$1,832$833
23 years$4,695$3,666$2,831$2,166$1,644$715
24 years$4,452$3,434$2,618$1,976$1,478$615
25 years$4,228$3,223$2,425$1,804$1,330$529
26 years$4,022$3,029$2,249$1,650$1,198$455
27 years$3,832$2,851$2,088$1,510$1,080$392
28 years$3,655$2,686$1,941$1,383$974$337
29 years$3,491$2,534$1,807$1,269$880$291
30 years$3,338$2,393$1,683$1,164$795$251
31 years$3,196$2,262$1,569$1,069$719$216
32 years$3,062$2,141$1,464$983$650$186
33 years$2,937$2,027$1,367$904$588$161
34 years$2,819$1,921$1,277$831$533$139
35 years$2,709$1,822$1,194$765$483$120
36 years$2,605$1,730$1,117$705$437$103
37 years$2,506$1,643$1,045$650$396$89
38 years$2,413$1,561$979$599$359$77
39 years$2,325$1,485$917$552$326$66
40 years$2,242$1,412$860$509$295$57
41 years$2,163$1,345$806$470$268$49
42 years$2,088$1,281$756$434$243$43
43 years$2,017$1,220$710$400$221$37
44 years$1,949$1,163$666$370$200$32
45 years$1,884$1,109$625$341$182$27
46 years$1,822$1,058$587$315$165$24
47 years$1,763$1,010$552$291$150$20
48 years$1,707$964$519$269$136$18
49 years$1,653$920$487$249$124$15
50 years$1,601$879$458$230$112$13

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 $3,057 every year, while hoping to spend $59,384 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: 45/49/6 Blend
29$1,640,000$1,640,000$1,640,000$1,640,000
30$1,810,433$1,723,513$1,698,093$1,888,769
31$1,931,913$1,744,781$1,691,795$1,964,323
32$2,063,794$1,765,101$1,683,296$2,039,784
33$2,207,074$1,784,364$1,672,459$2,120,213
34$2,362,850$1,802,453$1,659,141$2,206,087
35$2,532,331$1,819,243$1,643,193$2,297,931
36$2,716,847$1,834,604$1,624,457$2,396,328
37$2,917,858$1,848,392$1,602,770$2,501,919
38$3,136,976$1,860,459$1,577,959$2,615,416
39$3,375,970$1,870,645$1,549,843$2,737,603
40$3,636,791$1,878,779$1,518,235$2,869,349
41$3,921,585$1,884,680$1,482,937$3,011,612
42$4,232,714$1,888,156$1,443,743$3,165,452
43$4,572,778$1,889,004$1,400,436$3,332,042
44$4,944,641$1,887,005$1,352,790$3,512,674
45$5,351,456$1,881,929$1,300,570$3,708,781
46$5,796,693$1,873,532$1,243,528$3,921,942
47$6,284,176$1,861,555$1,181,405$4,153,904
48$6,818,112$1,845,722$1,113,933$4,406,595
49$7,403,138$1,825,740$1,040,828$4,682,148
50$8,044,358$1,801,302$961,796$4,982,917
51$8,747,395$1,772,078$876,528$5,311,502
52$9,518,441$1,737,721$784,703$5,670,776
53$10,364,315$1,697,863$685,985$6,063,911
54$11,292,532$1,652,115$580,022$6,494,411
55$12,311,365$1,600,063$466,447$6,966,144
56$13,429,929$1,541,271$344,878$7,483,383
57$14,658,265$1,475,277$214,914$8,050,845
58$16,007,433$1,401,591$76,140$8,673,738
59$17,489,618$1,319,696$0$9,357,810
60$19,118,244$1,229,045$0$10,114,018
61$20,908,096$1,129,060$0$10,950,261
62$22,875,467$1,019,129$0$11,869,425
63$25,038,305$898,606$0$12,880,077
64$27,416,382$766,808$0$13,991,673
65$30,031,484$623,013$0$15,214,645
66$32,907,614$466,459$0$16,560,505
67$36,071,216$296,341$0$18,041,951
68$39,551,427$111,808$0$19,672,996
69$43,380,349$0$0$21,469,098
70$47,593,353$0$0$23,494,780
71$52,229,413$0$0$25,790,439
72$57,331,469$0$0$28,317,079
73$62,946,836$0$0$31,098,162
74$69,127,649$0$0$34,159,536
75$75,931,352$0$0$37,529,685
76$83,421,242$0$0$41,239,994
77$91,667,065$0$0$45,325,047
78$100,745,673$0$0$49,822,950
79$110,741,749$0$0$54,775,694
80$121,748,606$0$0$60,229,548
81$133,869,064$0$0$66,235,498
82$147,216,426$0$0$72,849,724
83$161,915,538$0$0$80,134,135
84$178,103,976$0$0$88,156,948
85$195,933,336$0$0$96,993,336
86$215,570,668$0$0$106,726,133
87$237,200,049$0$0$117,446,620
88$261,024,324$0$0$129,255,380
89$287,267,016$0$0$142,263,253
90$316,174,436$0$0$156,592,381
91$348,018,008$0$0$172,377,355
92$383,096,829$0$0$189,766,491
93$421,740,490$0$0$208,923,229
94$464,312,189$0$0$230,027,672
95$511,212,159$0$0$253,278,287
96$562,881,439$0$0$278,893,781
97$619,806,044$0$0$307,115,160
98$682,521,545$0$0$338,208,007
99$751,618,128$0$0$372,464,988
100$827,746,164$0$0$410,208,615