Can I retire at age 30 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$137,907$136,679$135,480$134,310$133,168$130,107
2 years$68,271$66,999$65,767$64,572$63,413$60,347
3 years$45,062$43,785$42,556$41,372$40,232$37,255
4 years$33,460$32,186$30,970$29,806$28,694$25,830
5 years$26,500$25,235$24,034$22,894$21,813$19,069
6 years$21,862$20,606$19,423$18,309$17,260$14,640
7 years$18,550$17,305$16,140$15,052$14,037$11,541
8 years$16,068$14,833$13,688$12,627$11,645$9,272
9 years$14,138$12,915$11,790$10,756$9,807$7,555
10 years$12,595$11,384$10,279$9,271$8,356$6,223
11 years$11,333$10,135$9,049$8,069$7,186$5,169
12 years$10,282$9,096$8,031$7,077$6,227$4,323
13 years$9,394$8,220$7,175$6,248$5,430$3,635
14 years$8,633$7,472$6,447$5,547$4,760$3,070
15 years$7,975$6,826$5,821$4,947$4,191$2,603
16 years$7,399$6,263$5,277$4,429$3,704$2,213
17 years$6,891$5,768$4,802$3,980$3,284$1,887
18 years$6,441$5,330$4,384$3,586$2,920$1,612
19 years$6,038$4,939$4,013$3,241$2,603$1,380
20 years$5,676$4,590$3,683$2,935$2,325$1,183
21 years$5,349$4,275$3,388$2,664$2,081$1,015
22 years$5,052$3,991$3,122$2,422$1,865$872
23 years$4,781$3,733$2,883$2,206$1,674$750
24 years$4,533$3,497$2,666$2,012$1,505$646
25 years$4,306$3,282$2,469$1,837$1,354$556
26 years$4,096$3,084$2,290$1,680$1,220$479
27 years$3,902$2,903$2,127$1,538$1,100$413
28 years$3,722$2,735$1,977$1,409$992$357
29 years$3,555$2,580$1,840$1,292$896$308
30 years$3,399$2,437$1,714$1,186$810$266
31 years$3,254$2,304$1,598$1,089$732$229
32 years$3,118$2,180$1,491$1,001$662$198
33 years$2,991$2,064$1,392$920$599$171
34 years$2,871$1,957$1,300$847$542$148
35 years$2,758$1,856$1,216$779$491$128
36 years$2,652$1,761$1,137$718$445$110
37 years$2,552$1,673$1,065$661$403$96
38 years$2,458$1,590$997$610$366$83
39 years$2,368$1,512$934$562$332$71
40 years$2,283$1,438$875$518$301$62
41 years$2,203$1,369$821$478$273$53
42 years$2,126$1,304$770$441$248$46
43 years$2,053$1,242$723$408$225$40
44 years$1,984$1,184$678$376$204$35
45 years$1,918$1,129$637$347$185$30
46 years$1,855$1,077$598$321$168$26
47 years$1,795$1,028$562$297$153$22
48 years$1,738$981$528$274$139$19
49 years$1,683$937$496$253$126$17
50 years$1,631$895$467$234$114$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,670,000, adding $5,983 every year, while hoping to spend $20,313 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: 50/32/18 Blend
29$1,670,000$1,670,000$1,670,000$1,670,000
30$1,846,511$1,758,001$1,732,116$1,929,331
31$2,013,243$1,822,531$1,768,529$2,051,655
32$2,196,300$1,889,541$1,805,482$2,181,937
33$2,397,326$1,959,133$1,842,969$2,323,088
34$2,618,133$2,031,410$1,880,988$2,476,140
35$2,860,716$2,106,481$1,919,534$2,642,228
36$3,127,270$2,184,461$1,958,600$2,822,599
37$3,420,219$2,265,466$1,998,180$3,018,626
38$3,742,228$2,349,621$2,038,266$3,231,819
39$4,096,236$2,437,053$2,078,849$3,463,838
40$4,485,480$2,527,897$2,119,918$3,716,510
41$4,913,528$2,622,292$2,161,464$3,991,845
42$5,384,307$2,720,384$2,203,473$4,292,054
43$5,902,149$2,822,326$2,245,932$4,619,573
44$6,471,823$2,928,274$2,288,825$4,977,079
45$7,098,585$3,038,395$2,332,136$5,367,522
46$7,788,225$3,152,861$2,375,848$5,794,146
47$8,547,124$3,271,852$2,419,939$6,260,523
48$9,382,314$3,395,555$2,464,390$6,770,588
49$10,301,539$3,524,167$2,509,176$7,328,668
50$11,313,335$3,657,890$2,554,272$7,939,532
51$12,427,107$3,796,939$2,599,652$8,608,428
52$13,653,218$3,941,535$2,645,287$9,341,134
53$15,003,086$4,091,910$2,691,144$10,144,015
54$16,489,294$4,248,307$2,737,191$11,024,079
55$18,125,706$4,410,978$2,783,390$11,989,043
56$19,927,599$4,580,186$2,829,705$13,047,406
57$21,911,806$4,756,208$2,876,092$14,208,528
58$24,096,878$4,939,330$2,922,509$15,482,719
59$26,503,255$5,129,852$2,968,908$16,881,333
60$29,153,459$5,328,087$3,015,239$18,416,876
61$32,072,311$5,534,362$3,061,448$20,103,124
62$35,287,159$5,749,018$3,107,479$21,955,250
63$38,828,141$5,972,412$3,153,272$23,989,968
64$42,728,467$6,204,916$3,198,762$26,225,690
65$47,024,732$6,446,918$3,243,881$28,682,698
66$51,757,261$6,698,823$3,288,558$31,383,335
67$56,970,492$6,961,056$3,332,715$34,352,213
68$62,713,394$7,234,059$3,376,272$37,616,448
69$69,039,927$7,518,295$3,419,144$41,205,911
70$76,009,553$7,814,246$3,461,240$45,153,512
71$83,687,800$8,122,416$3,502,464$49,495,507
72$92,146,874$8,443,333$3,542,714$54,271,841
73$101,466,345$8,777,546$3,581,886$59,526,522
74$111,733,898$9,125,632$3,619,865$65,308,037
75$123,046,158$9,488,190$3,656,532$71,669,805
76$135,509,604$9,865,849$3,691,763$78,670,683
77$149,241,572$10,259,264$3,725,426$86,375,522
78$164,371,366$10,669,121$3,757,381$94,855,770
79$181,041,474$11,096,137$3,787,482$104,190,152
80$199,408,916$11,541,059$3,815,575$114,465,410
81$219,646,725$12,004,671$3,841,496$125,777,116
82$241,945,582$12,487,790$3,865,077$138,230,580
83$266,515,610$12,991,271$3,886,136$151,941,832
84$293,588,366$13,516,007$3,904,486$167,038,726
85$323,419,021$14,062,933$3,919,927$183,662,137
86$356,288,768$14,633,024$3,932,252$201,967,293
87$392,507,481$15,227,301$3,941,241$222,125,236
88$432,416,637$15,846,832$3,946,665$244,324,435
89$476,392,539$16,492,731$3,948,283$268,772,564
90$524,849,869$17,166,165$3,945,842$295,698,456
91$578,245,603$17,868,355$3,939,075$325,354,266
92$637,083,325$18,600,575$3,927,704$358,017,845
93$701,917,979$19,364,159$3,911,438$393,995,362
94$773,361,112$20,160,501$3,889,970$433,624,189
95$852,086,640$20,991,060$3,862,978$477,276,085
96$938,837,216$21,857,362$3,830,128$525,360,702
97$1,034,431,241$22,761,001$3,791,065$578,329,448
98$1,139,770,584$23,703,646$3,745,422$636,679,745
99$1,255,849,101$24,687,042$3,692,812$700,959,723
100$1,383,762,018$25,713,016$3,632,829$771,773,388