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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$137,081$135,860$134,669$133,506$132,371$131,426
2 years$67,862$66,598$65,373$64,186$63,034$62,081
3 years$44,792$43,523$42,301$41,124$39,991$39,060
4 years$33,259$31,994$30,784$29,628$28,522$27,620
5 years$26,341$25,083$23,890$22,757$21,682$20,811
6 years$21,731$20,483$19,306$18,199$17,156$16,318
7 years$18,439$17,201$16,044$14,962$13,953$13,148
8 years$15,971$14,745$13,606$12,552$11,575$10,803
9 years$14,053$12,838$11,719$10,691$9,748$9,008
10 years$12,519$11,316$10,217$9,216$8,306$7,599
11 years$11,265$10,074$8,995$8,021$7,143$6,468
12 years$10,221$9,042$7,983$7,035$6,190$5,546
13 years$9,338$8,171$7,132$6,211$5,398$4,784
14 years$8,582$7,427$6,408$5,513$4,732$4,148
15 years$7,927$6,785$5,786$4,917$4,166$3,612
16 years$7,354$6,225$5,246$4,403$3,682$3,156
17 years$6,850$5,733$4,773$3,956$3,265$2,766
18 years$6,402$5,298$4,357$3,565$2,903$2,430
19 years$6,002$4,910$3,989$3,221$2,587$2,140
20 years$5,642$4,562$3,661$2,917$2,311$1,888
21 years$5,317$4,250$3,367$2,648$2,068$1,669
22 years$5,021$3,967$3,104$2,407$1,854$1,478
23 years$4,752$3,710$2,866$2,192$1,664$1,310
24 years$4,506$3,476$2,650$2,000$1,496$1,162
25 years$4,280$3,262$2,455$1,826$1,346$1,032
26 years$4,071$3,066$2,276$1,670$1,212$918
27 years$3,878$2,885$2,114$1,528$1,093$816
28 years$3,700$2,719$1,965$1,400$986$727
29 years$3,534$2,565$1,829$1,284$891$647
30 years$3,379$2,422$1,703$1,179$805$577
31 years$3,235$2,290$1,588$1,082$728$515
32 years$3,099$2,167$1,482$995$658$459
33 years$2,973$2,052$1,383$915$596$410
34 years$2,854$1,945$1,293$842$539$366
35 years$2,742$1,845$1,208$775$488$327
36 years$2,636$1,751$1,131$714$443$292
37 years$2,537$1,663$1,058$657$401$261
38 years$2,443$1,580$991$606$364$233
39 years$2,354$1,503$928$559$330$208
40 years$2,269$1,430$870$515$299$186
41 years$2,189$1,361$816$475$271$166
42 years$2,113$1,296$765$439$246$149
43 years$2,041$1,235$718$405$223$133
44 years$1,972$1,177$674$374$203$119
45 years$1,907$1,123$633$345$184$107
46 years$1,844$1,071$595$319$167$95
47 years$1,785$1,022$559$295$152$85
48 years$1,727$976$525$272$138$76
49 years$1,673$932$493$252$125$68
50 years$1,621$890$464$233$114$61

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 $5,245 every year, while hoping to spend $23,437 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: 67/9/24 Blend
29$1,660,000$1,660,000$1,660,000$1,660,000
30$1,834,730$1,746,750$1,721,020$1,946,010
31$1,996,936$1,807,404$1,753,738$2,082,066
32$2,174,901$1,870,245$1,786,766$2,227,654
33$2,370,208$1,935,354$1,820,090$2,386,335
34$2,584,601$2,002,818$1,853,694$2,559,402
35$2,820,000$2,072,726$1,887,563$2,748,277
36$3,078,521$2,145,170$1,921,676$2,954,526
37$3,362,493$2,220,246$1,956,016$3,179,873
38$3,674,484$2,298,055$1,990,559$3,426,219
39$4,017,322$2,378,701$2,025,284$3,695,656
40$4,394,123$2,462,291$2,060,165$3,990,488
41$4,808,320$2,548,939$2,095,176$4,313,255
42$5,263,693$2,638,762$2,130,289$4,666,751
43$5,764,409$2,731,881$2,165,474$5,054,058
44$6,315,059$2,828,423$2,200,697$5,478,568
45$6,920,700$2,928,521$2,235,925$5,944,020
46$7,586,903$3,032,310$2,271,120$6,454,531
47$8,319,808$3,139,934$2,306,244$7,014,638
48$9,126,180$3,251,542$2,341,254$7,629,339
49$10,013,470$3,367,288$2,376,106$8,304,141
50$10,989,891$3,487,332$2,410,753$9,045,110
51$12,064,491$3,611,842$2,445,144$9,858,930
52$13,247,240$3,740,993$2,479,227$10,752,966
53$14,549,123$3,874,966$2,512,946$11,735,332
54$15,982,243$4,013,949$2,546,239$12,814,967
55$17,559,939$4,158,140$2,579,045$14,001,723
56$19,296,906$4,307,742$2,611,297$15,306,452
57$21,209,338$4,462,969$2,642,923$16,741,115
58$23,315,079$4,624,043$2,673,849$18,318,887
59$25,633,791$4,791,195$2,703,997$20,054,290
60$28,187,139$4,964,665$2,733,282$21,963,322
61$30,998,998$5,144,705$2,761,618$24,063,612
62$34,095,675$5,331,574$2,788,911$26,374,586
63$37,506,159$5,525,546$2,815,065$28,917,648
64$41,262,393$5,726,903$2,839,975$31,716,386
65$45,399,576$5,935,941$2,863,533$34,796,789
66$49,956,498$6,152,967$2,885,627$38,187,498
67$54,975,899$6,378,301$2,906,134$41,920,072
68$60,504,881$6,612,278$2,924,929$46,029,285
69$66,595,344$6,855,245$2,941,880$50,553,461
70$73,304,482$7,107,565$2,956,845$55,534,825
71$80,695,319$7,369,615$2,969,679$61,019,912
72$88,837,305$7,641,790$2,980,227$67,059,998
73$97,806,972$7,924,500$2,988,327$73,711,588
74$107,688,656$8,218,173$2,993,809$81,036,949
75$118,575,291$8,523,255$2,996,493$89,104,696
76$130,569,287$8,840,211$2,996,192$97,990,442
77$143,783,500$9,169,527$2,992,710$107,777,507
78$158,342,291$9,511,708$2,985,840$118,557,710
79$174,382,705$9,867,281$2,975,366$130,432,233
80$192,055,759$10,236,797$2,961,059$143,512,575
81$211,527,875$10,620,829$2,942,683$157,921,606
82$232,982,444$11,019,974$2,919,988$173,794,725
83$256,621,558$11,434,858$2,892,713$191,281,141
84$282,667,921$11,866,130$2,860,583$210,545,278
85$311,366,949$12,314,470$2,823,312$231,768,329
86$342,989,084$12,780,586$2,780,600$255,149,968
87$377,832,353$13,265,217$2,732,132$280,910,228
88$416,225,175$13,769,134$2,677,580$309,291,588
89$458,529,462$14,293,142$2,616,599$340,561,253
90$505,144,041$14,838,079$2,548,829$375,013,683
91$556,508,411$15,404,823$2,473,892$412,973,366
92$613,106,896$15,994,286$2,391,395$454,797,888
93$675,473,218$16,607,424$2,300,924$500,881,305
94$744,195,530$17,245,233$2,202,050$551,657,862
95$819,921,977$17,908,752$2,094,321$607,606,096
96$903,366,803$18,599,065$1,977,266$669,253,350
97$995,317,105$19,317,307$1,850,392$737,180,751
98$1,096,640,255$20,064,660$1,713,185$812,028,702
99$1,208,292,091$20,842,359$1,565,107$894,502,918
100$1,331,325,942$21,651,692$1,405,595$985,381,099