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%13.5%
1 years$135,430$134,223$133,046$131,898$130,776$128,875
2 years$67,044$65,796$64,586$63,412$62,274$60,363
3 years$44,252$42,998$41,791$40,629$39,509$37,647
4 years$32,858$31,608$30,413$29,271$28,178$26,380
5 years$26,024$24,781$23,602$22,483$21,421$19,691
6 years$21,469$20,236$19,074$17,980$16,950$15,290
7 years$18,217$16,994$15,850$14,782$13,784$12,197
8 years$15,779$14,567$13,442$12,400$11,436$9,919
9 years$13,884$12,683$11,578$10,562$9,630$8,184
10 years$12,368$11,180$10,094$9,105$8,206$6,829
11 years$11,129$9,953$8,887$7,924$7,057$5,748
12 years$10,098$8,933$7,887$6,950$6,116$4,873
13 years$9,225$8,073$7,046$6,136$5,333$4,155
14 years$8,478$7,338$6,331$5,447$4,675$3,560
15 years$7,831$6,703$5,716$4,858$4,116$3,062
16 years$7,266$6,150$5,182$4,350$3,638$2,642
17 years$6,767$5,664$4,716$3,908$3,225$2,287
18 years$6,325$5,234$4,305$3,522$2,868$1,984
19 years$5,929$4,851$3,941$3,182$2,556$1,724
20 years$5,574$4,507$3,617$2,882$2,283$1,502
21 years$5,253$4,199$3,327$2,616$2,043$1,309
22 years$4,961$3,919$3,066$2,378$1,832$1,144
23 years$4,695$3,666$2,831$2,166$1,644$1,000
24 years$4,452$3,434$2,618$1,976$1,478$875
25 years$4,228$3,223$2,425$1,804$1,330$766
26 years$4,022$3,029$2,249$1,650$1,198$672
27 years$3,832$2,851$2,088$1,510$1,080$589
28 years$3,655$2,686$1,941$1,383$974$517
29 years$3,491$2,534$1,807$1,269$880$454
30 years$3,338$2,393$1,683$1,164$795$399
31 years$3,196$2,262$1,569$1,069$719$350
32 years$3,062$2,141$1,464$983$650$308
33 years$2,937$2,027$1,367$904$588$271
34 years$2,819$1,921$1,277$831$533$238
35 years$2,709$1,822$1,194$765$483$209
36 years$2,605$1,730$1,117$705$437$184
37 years$2,506$1,643$1,045$650$396$162
38 years$2,413$1,561$979$599$359$143
39 years$2,325$1,485$917$552$326$126
40 years$2,242$1,412$860$509$295$111
41 years$2,163$1,345$806$470$268$97
42 years$2,088$1,281$756$434$243$86
43 years$2,017$1,220$710$400$221$75
44 years$1,949$1,163$666$370$200$66
45 years$1,884$1,109$625$341$182$58
46 years$1,822$1,058$587$315$165$52
47 years$1,763$1,010$552$291$150$45
48 years$1,707$964$519$269$136$40
49 years$1,653$920$487$249$124$35
50 years$1,601$879$458$230$112$31

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 $2,176 every year, while hoping to spend $23,969 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: 56/25/19 Blend
29$1,640,000$1,640,000$1,640,000$1,640,000
30$1,809,525$1,722,605$1,697,185$1,901,544
31$1,968,593$1,781,509$1,728,537$2,023,415
32$2,143,084$1,842,497$1,760,137$2,153,356
33$2,334,543$1,905,645$1,791,967$2,294,383
34$2,544,677$1,971,032$1,824,008$2,447,565
35$2,775,363$2,038,741$1,856,241$2,614,079
36$3,028,669$2,108,859$1,888,645$2,795,220
37$3,306,875$2,181,474$1,921,196$2,992,412
38$3,612,490$2,256,680$1,953,869$3,207,225
39$3,948,279$2,334,573$1,986,639$3,441,385
40$4,317,289$2,415,253$2,019,478$3,696,794
41$4,722,877$2,498,824$2,052,354$3,975,543
42$5,168,739$2,585,395$2,085,236$4,279,936
43$5,658,949$2,675,077$2,118,090$4,612,511
44$6,197,994$2,767,989$2,150,879$4,976,059
45$6,790,820$2,864,251$2,183,565$5,373,658
46$7,442,875$2,963,990$2,216,105$5,808,694
47$8,160,159$3,067,337$2,248,455$6,284,897
48$8,949,287$3,174,429$2,280,571$6,806,375
49$9,817,546$3,285,406$2,312,400$7,377,652
50$10,772,962$3,400,418$2,343,893$8,003,710
51$11,824,383$3,519,618$2,374,992$8,690,040
52$12,981,555$3,643,164$2,405,639$9,442,685
53$14,255,218$3,771,223$2,435,772$10,268,305
54$15,657,205$3,903,968$2,465,325$11,174,235
55$17,200,555$4,041,577$2,494,229$12,168,555
56$18,899,636$4,184,239$2,522,410$13,260,167
57$20,770,279$4,332,147$2,549,791$14,458,876
58$22,829,928$4,485,503$2,576,290$15,775,484
59$25,097,805$4,644,517$2,601,820$17,221,891
60$27,595,092$4,809,409$2,626,291$18,811,210
61$30,345,127$4,980,405$2,649,608$20,557,884
62$33,373,628$5,157,744$2,671,668$22,477,826
63$36,708,936$5,341,671$2,692,367$24,588,569
64$40,382,278$5,532,443$2,711,591$26,909,431
65$44,428,065$5,730,327$2,729,224$29,461,694
66$48,884,216$5,935,602$2,745,142$32,268,808
67$53,792,517$6,148,557$2,759,214$35,356,609
68$59,199,010$6,369,493$2,771,305$38,753,565
69$65,154,435$6,598,724$2,781,269$42,491,041
70$71,714,702$6,836,576$2,788,957$46,603,597
71$78,941,425$7,083,391$2,794,210$51,129,314
72$86,902,495$7,339,522$2,796,861$56,110,151
73$95,672,729$7,605,339$2,796,735$61,592,341
74$105,334,572$7,881,225$2,793,650$67,626,827
75$115,978,875$8,167,581$2,787,414$74,269,742
76$127,705,751$8,464,824$2,777,824$81,582,939
77$140,625,526$8,773,389$2,764,669$89,634,574
78$154,859,772$9,093,727$2,747,728$98,499,748
79$170,542,460$9,426,311$2,726,768$108,261,214
80$187,821,223$9,771,632$2,701,547$119,010,161
81$206,858,747$10,130,202$2,671,808$130,847,072
82$227,834,312$10,502,554$2,637,286$143,882,669
83$250,945,477$10,889,244$2,597,700$158,238,964
84$276,409,951$11,290,852$2,552,758$174,050,402
85$304,467,644$11,707,983$2,502,154$191,465,136
86$335,382,935$12,141,264$2,445,567$210,646,421
87$369,447,162$12,591,354$2,382,661$231,774,155
88$406,981,378$13,058,936$2,313,086$255,046,577
89$448,339,378$13,544,723$2,236,474$280,682,137
90$493,911,040$14,049,460$2,152,441$308,921,554
91$544,126,004$14,573,922$2,060,586$340,030,095
92$599,457,730$15,118,918$1,960,489$374,300,071
93$660,427,965$15,685,291$1,851,712$412,053,597
94$727,611,668$16,273,921$1,733,795$453,645,633
95$801,642,440$16,885,725$1,606,259$499,467,335
96$883,218,505$17,521,661$1,468,604$549,949,742
97$973,109,296$18,182,727$1,320,307$605,567,849
98$1,072,162,728$18,869,964$1,160,820$666,845,084
99$1,181,313,192$19,584,458$989,574$734,358,253
100$1,301,590,385$20,327,343$805,972$808,742,984