Can I retire at age 30 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$137,081$135,860$134,669$133,506$132,371$131,316
2 years$67,862$66,598$65,373$64,186$63,034$61,971
3 years$44,792$43,523$42,301$41,124$39,991$38,953
4 years$33,259$31,994$30,784$29,628$28,522$27,516
5 years$26,341$25,083$23,890$22,757$21,682$20,712
6 years$21,731$20,483$19,306$18,199$17,156$16,222
7 years$18,439$17,201$16,044$14,962$13,953$13,056
8 years$15,971$14,745$13,606$12,552$11,575$10,715
9 years$14,053$12,838$11,719$10,691$9,748$8,925
10 years$12,519$11,316$10,217$9,216$8,306$7,519
11 years$11,265$10,074$8,995$8,021$7,143$6,392
12 years$10,221$9,042$7,983$7,035$6,190$5,475
13 years$9,338$8,171$7,132$6,211$5,398$4,717
14 years$8,582$7,427$6,408$5,513$4,732$4,084
15 years$7,927$6,785$5,786$4,917$4,166$3,551
16 years$7,354$6,225$5,246$4,403$3,682$3,098
17 years$6,850$5,733$4,773$3,956$3,265$2,712
18 years$6,402$5,298$4,357$3,565$2,903$2,379
19 years$6,002$4,910$3,989$3,221$2,587$2,093
20 years$5,642$4,562$3,661$2,917$2,311$1,844
21 years$5,317$4,250$3,367$2,648$2,068$1,627
22 years$5,021$3,967$3,104$2,407$1,854$1,438
23 years$4,752$3,710$2,866$2,192$1,664$1,273
24 years$4,506$3,476$2,650$2,000$1,496$1,128
25 years$4,280$3,262$2,455$1,826$1,346$1,000
26 years$4,071$3,066$2,276$1,670$1,212$888
27 years$3,878$2,885$2,114$1,528$1,093$789
28 years$3,700$2,719$1,965$1,400$986$701
29 years$3,534$2,565$1,829$1,284$891$623
30 years$3,379$2,422$1,703$1,179$805$555
31 years$3,235$2,290$1,588$1,082$728$494
32 years$3,099$2,167$1,482$995$658$440
33 years$2,973$2,052$1,383$915$596$392
34 years$2,854$1,945$1,293$842$539$349
35 years$2,742$1,845$1,208$775$488$311
36 years$2,636$1,751$1,131$714$443$278
37 years$2,537$1,663$1,058$657$401$248
38 years$2,443$1,580$991$606$364$221
39 years$2,354$1,503$928$559$330$197
40 years$2,269$1,430$870$515$299$176
41 years$2,189$1,361$816$475$271$157
42 years$2,113$1,296$765$439$246$140
43 years$2,041$1,235$718$405$223$125
44 years$1,972$1,177$674$374$203$112
45 years$1,907$1,123$633$345$184$100
46 years$1,844$1,071$595$319$167$89
47 years$1,785$1,022$559$295$152$80
48 years$1,727$976$525$272$138$71
49 years$1,673$932$493$252$125$64
50 years$1,621$890$464$233$114$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,660,000, adding $6,731 every year, while hoping to spend $47,106 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: 58/21/21 Blend
29$1,660,000$1,660,000$1,660,000$1,660,000
30$1,836,263$1,748,283$1,722,553$1,932,118
31$1,973,441$1,783,828$1,730,138$2,033,638
32$2,123,033$1,819,537$1,736,399$2,138,597
33$2,286,255$1,855,366$1,741,240$2,251,990
34$2,464,445$1,891,272$1,744,564$2,374,642
35$2,659,078$1,927,204$1,746,267$2,507,461
36$2,871,777$1,963,109$1,746,239$2,651,450
37$3,104,327$1,998,930$1,744,367$2,807,712
38$3,358,695$2,034,605$1,740,530$2,977,466
39$3,637,048$2,070,066$1,734,603$3,162,053
40$3,941,769$2,105,241$1,726,455$3,362,953
41$4,275,484$2,140,053$1,715,946$3,581,798
42$4,641,085$2,174,418$1,702,932$3,820,387
43$5,041,758$2,208,246$1,687,262$4,080,701
44$5,481,008$2,241,441$1,668,776$4,364,928
45$5,962,698$2,273,899$1,647,308$4,675,477
46$6,491,084$2,305,511$1,622,683$5,015,006
47$7,070,852$2,336,158$1,594,720$5,386,444
48$7,707,162$2,365,713$1,563,227$5,793,022
49$8,405,701$2,394,042$1,528,004$6,238,301
50$9,172,732$2,420,999$1,488,841$6,726,207
51$10,015,155$2,446,432$1,445,521$7,261,068
52$10,940,568$2,470,175$1,397,814$7,847,656
53$11,957,346$2,492,053$1,345,480$8,491,232
54$13,074,712$2,511,880$1,288,270$9,197,598
55$14,302,826$2,529,456$1,225,921$9,973,146
56$15,652,885$2,544,570$1,158,161$10,824,927
57$17,137,222$2,556,997$1,084,702$11,760,712
58$18,769,426$2,566,497$1,005,246$12,789,070
59$20,564,466$2,572,814$919,480$13,919,444
60$22,538,838$2,575,678$827,080$15,162,249
61$24,710,716$2,574,802$727,703$16,528,961
62$27,100,121$2,569,880$620,993$18,032,236
63$29,729,117$2,560,588$506,580$19,686,022
64$32,622,011$2,546,581$384,074$21,505,696
65$35,805,587$2,527,494$253,071$23,508,210
66$39,309,355$2,502,940$113,148$25,712,248
67$43,165,833$2,472,508$0$28,138,408
68$47,410,850$2,435,763$0$30,817,501
69$52,083,886$2,392,243$0$33,794,032
70$57,228,440$2,341,461$0$37,070,317
71$62,892,446$2,282,899$0$40,676,879
72$69,128,723$2,216,008$0$44,647,355
73$75,995,469$2,140,208$0$49,018,815
74$83,556,815$2,054,887$0$53,832,114
75$91,883,428$1,959,394$0$59,132,273
76$101,053,175$1,853,041$0$64,968,912
77$111,151,861$1,735,103$0$71,396,712
78$122,274,039$1,604,811$0$78,475,937
79$134,523,897$1,461,352$0$86,273,000
80$148,016,244$1,303,868$0$94,861,093
81$162,877,594$1,131,451$0$104,320,877
82$179,247,358$943,142$0$114,741,247
83$197,279,159$737,927$0$126,220,167
84$217,142,285$514,737$0$138,865,603
85$239,023,280$272,440$0$152,796,536
86$263,127,710$9,845$0$168,144,092
87$289,682,099$0$0$185,052,777
88$318,936,069$0$0$203,745,234
89$351,164,697$0$0$224,341,147
90$386,671,104$0$0$247,031,980
91$425,789,325$0$0$272,031,231
92$468,887,454$0$0$299,574,168
93$516,371,122$0$0$329,920,051
94$568,687,324$0$0$363,354,578
95$626,328,639$0$0$400,192,581
96$689,837,877$0$0$440,780,999
97$759,813,204$0$0$485,502,152
98$836,913,788$0$0$534,777,350
99$921,866,021$0$0$589,070,869
100$1,015,470,373$0$0$648,894,332