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%17.9%
1 years$137,081$135,860$134,669$133,506$132,371$128,133
2 years$67,862$66,598$65,373$64,186$63,034$58,804
3 years$44,792$43,523$42,301$41,124$39,991$35,901
4 years$33,259$31,994$30,784$29,628$28,522$24,604
5 years$26,341$25,083$23,890$22,757$21,682$17,946
6 years$21,731$20,483$19,306$18,199$17,156$13,605
7 years$18,439$17,201$16,044$14,962$13,953$10,586
8 years$15,971$14,745$13,606$12,552$11,575$8,391
9 years$14,053$12,838$11,719$10,691$9,748$6,742
10 years$12,519$11,316$10,217$9,216$8,306$5,474
11 years$11,265$10,074$8,995$8,021$7,143$4,481
12 years$10,221$9,042$7,983$7,035$6,190$3,691
13 years$9,338$8,171$7,132$6,211$5,398$3,056
14 years$8,582$7,427$6,408$5,513$4,732$2,541
15 years$7,927$6,785$5,786$4,917$4,166$2,119
16 years$7,354$6,225$5,246$4,403$3,682$1,773
17 years$6,850$5,733$4,773$3,956$3,265$1,486
18 years$6,402$5,298$4,357$3,565$2,903$1,248
19 years$6,002$4,910$3,989$3,221$2,587$1,050
20 years$5,642$4,562$3,661$2,917$2,311$884
21 years$5,317$4,250$3,367$2,648$2,068$746
22 years$5,021$3,967$3,104$2,407$1,854$629
23 years$4,752$3,710$2,866$2,192$1,664$532
24 years$4,506$3,476$2,650$2,000$1,496$449
25 years$4,280$3,262$2,455$1,826$1,346$380
26 years$4,071$3,066$2,276$1,670$1,212$322
27 years$3,878$2,885$2,114$1,528$1,093$272
28 years$3,700$2,719$1,965$1,400$986$230
29 years$3,534$2,565$1,829$1,284$891$195
30 years$3,379$2,422$1,703$1,179$805$165
31 years$3,235$2,290$1,588$1,082$728$140
32 years$3,099$2,167$1,482$995$658$119
33 years$2,973$2,052$1,383$915$596$101
34 years$2,854$1,945$1,293$842$539$85
35 years$2,742$1,845$1,208$775$488$72
36 years$2,636$1,751$1,131$714$443$61
37 years$2,537$1,663$1,058$657$401$52
38 years$2,443$1,580$991$606$364$44
39 years$2,354$1,503$928$559$330$37
40 years$2,269$1,430$870$515$299$32
41 years$2,189$1,361$816$475$271$27
42 years$2,113$1,296$765$439$246$23
43 years$2,041$1,235$718$405$223$19
44 years$1,972$1,177$674$374$203$16
45 years$1,907$1,123$633$345$184$14
46 years$1,844$1,071$595$319$167$12
47 years$1,785$1,022$559$295$152$10
48 years$1,727$976$525$272$138$8
49 years$1,673$932$493$252$125$7
50 years$1,621$890$464$233$114$6

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 $4,198 every year, while hoping to spend $30,058 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: 47/40/13 Blend
29$1,660,000$1,660,000$1,660,000$1,660,000
30$1,833,650$1,745,670$1,719,940$1,912,975
31$1,988,701$1,799,227$1,745,577$2,021,810
32$2,158,560$1,854,400$1,771,065$2,136,434
33$2,344,705$1,911,237$1,796,367$2,260,169
34$2,548,765$1,969,788$1,821,446$2,393,874
35$2,772,533$2,030,102$1,846,259$2,538,494
36$3,017,985$2,092,231$1,870,762$2,695,067
37$3,287,298$2,156,228$1,894,910$2,864,736
38$3,582,866$2,222,147$1,918,654$3,048,760
39$3,907,331$2,290,045$1,941,941$3,248,522
40$4,263,600$2,359,978$1,964,717$3,465,545
41$4,654,876$2,432,007$1,986,925$3,701,505
42$5,084,690$2,506,191$2,008,503$3,958,248
43$5,556,927$2,582,593$2,029,386$4,237,805
44$6,075,870$2,661,277$2,049,508$4,542,411
45$6,646,239$2,742,309$2,068,796$4,874,528
46$7,273,229$2,825,757$2,087,175$5,236,868
47$7,962,569$2,911,689$2,104,565$5,632,413
48$8,720,566$3,000,177$2,120,884$6,064,451
49$9,554,173$3,091,294$2,136,042$6,536,602
50$10,471,046$3,185,116$2,149,948$7,052,849
51$11,479,625$3,281,719$2,162,503$7,617,585
52$12,589,206$3,381,182$2,173,605$8,235,642
53$13,810,031$3,483,586$2,183,148$8,912,346
54$15,153,388$3,589,015$2,191,017$9,653,563
55$16,631,711$3,697,554$2,197,093$10,465,753
56$18,258,702$3,809,291$2,201,253$11,356,033
57$20,049,459$3,924,316$2,203,364$12,332,243
58$22,020,617$4,042,721$2,203,290$13,403,019
59$24,190,505$4,164,600$2,200,886$14,577,876
60$26,579,322$4,290,050$2,196,000$15,867,294
61$29,209,321$4,419,171$2,188,475$17,282,822
62$32,105,026$4,552,064$2,178,143$18,837,181
63$35,293,458$4,688,835$2,164,830$20,544,387
64$38,804,392$4,829,589$2,148,353$22,419,883
65$42,670,638$4,974,437$2,128,520$24,480,681
66$46,928,349$5,123,490$2,105,132$26,745,529
67$51,617,364$5,276,864$2,077,977$29,235,079
68$56,781,582$5,434,677$2,046,836$31,972,089
69$62,469,376$5,597,049$2,011,478$34,981,634
70$68,734,051$5,764,104$1,971,661$38,291,342
71$75,634,347$5,935,967$1,927,134$41,931,655
72$83,234,989$6,112,769$1,877,632$45,936,118
73$91,607,304$6,294,640$1,822,879$50,341,690
74$100,829,889$6,481,718$1,762,586$55,189,099
75$110,989,355$6,674,139$1,696,449$60,523,222
76$122,181,143$6,872,046$1,624,154$66,393,508
77$134,510,426$7,075,582$1,545,370$72,854,448
78$148,093,100$7,284,897$1,459,751$79,966,085
79$163,056,879$7,500,140$1,366,935$87,794,582
80$179,542,500$7,721,466$1,266,547$96,412,846
81$197,705,049$7,949,032$1,158,190$105,901,216
82$217,715,429$8,182,999$1,041,454$116,348,222
83$239,761,968$8,423,531$915,908$127,851,419
84$264,052,200$8,670,796$781,103$140,518,305
85$290,814,823$8,924,963$636,568$154,467,343
86$320,301,857$9,186,208$481,815$169,829,070
87$352,791,021$9,454,707$316,330$186,747,335
88$388,588,359$9,730,641$139,581$205,380,654
89$428,031,124$10,014,195$0$225,903,708
90$471,490,964$10,305,556$0$248,515,791
91$519,377,428$10,604,914$0$273,443,325
92$572,141,835$10,912,464$0$300,900,765
93$630,281,531$11,228,404$0$331,145,790
94$694,344,584$11,552,932$0$364,462,349
95$764,934,960$11,886,255$0$401,163,347
96$842,718,222$12,228,578$0$441,593,590
97$928,427,814$12,580,111$0$486,133,048
98$1,022,871,983$12,941,068$0$535,200,431
99$1,126,941,410$13,311,665$0$589,257,149
100$1,241,617,617$13,692,120$0$648,811,665