Can I retire at age 30 with 1,680,000?

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 $1,680,000?

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$138,733$137,497$136,291$135,115$133,966$133,010
2 years$68,680$67,401$66,161$64,959$63,793$62,829
3 years$45,332$44,047$42,810$41,620$40,473$39,531
4 years$33,660$32,379$31,155$29,985$28,866$27,953
5 years$26,659$25,386$24,178$23,031$21,943$21,062
6 years$21,993$20,729$19,539$18,418$17,363$16,515
7 years$18,661$17,408$16,237$15,143$14,121$13,306
8 years$16,164$14,922$13,770$12,703$11,714$10,933
9 years$14,222$12,993$11,860$10,820$9,865$9,117
10 years$12,670$11,452$10,340$9,327$8,406$7,690
11 years$11,401$10,195$9,103$8,117$7,229$6,546
12 years$10,344$9,151$8,079$7,120$6,265$5,613
13 years$9,450$8,270$7,218$6,286$5,463$4,842
14 years$8,685$7,517$6,485$5,580$4,789$4,198
15 years$8,022$6,867$5,855$4,976$4,216$3,655
16 years$7,443$6,300$5,309$4,456$3,726$3,194
17 years$6,932$5,802$4,831$4,003$3,304$2,799
18 years$6,479$5,361$4,410$3,608$2,938$2,459
19 years$6,074$4,969$4,037$3,260$2,619$2,166
20 years$5,710$4,617$3,705$2,953$2,339$1,911
21 years$5,381$4,301$3,408$2,680$2,093$1,689
22 years$5,082$4,015$3,141$2,436$1,876$1,495
23 years$4,810$3,755$2,900$2,219$1,684$1,325
24 years$4,560$3,518$2,682$2,024$1,514$1,176
25 years$4,331$3,302$2,484$1,848$1,362$1,045
26 years$4,120$3,103$2,304$1,690$1,227$929
27 years$3,925$2,920$2,139$1,547$1,106$826
28 years$3,744$2,752$1,989$1,417$998$736
29 years$3,576$2,596$1,851$1,300$901$655
30 years$3,420$2,452$1,724$1,193$814$584
31 years$3,274$2,318$1,607$1,095$736$521
32 years$3,137$2,193$1,500$1,007$666$465
33 years$3,009$2,077$1,400$926$603$415
34 years$2,888$1,968$1,308$852$546$370
35 years$2,775$1,867$1,223$784$494$331
36 years$2,668$1,772$1,144$722$448$295
37 years$2,567$1,683$1,071$665$406$264
38 years$2,472$1,599$1,003$613$368$236
39 years$2,382$1,521$940$565$334$211
40 years$2,297$1,447$881$522$303$188
41 years$2,216$1,377$826$481$275$168
42 years$2,139$1,312$775$444$249$151
43 years$2,066$1,250$727$410$226$135
44 years$1,996$1,191$682$379$205$121
45 years$1,930$1,136$641$350$186$108
46 years$1,866$1,084$602$323$169$96
47 years$1,806$1,034$565$298$154$86
48 years$1,748$987$531$276$140$77
49 years$1,693$943$499$255$127$69
50 years$1,640$901$469$235$115$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,680,000, adding $3,222 every year, while hoping to spend $43,114 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: 63/14/23 Blend
29$1,680,000$1,680,000$1,680,000$1,680,000
30$1,854,683$1,765,643$1,739,603$1,960,185
31$1,997,988$1,806,287$1,752,007$2,072,471
32$2,154,465$1,847,477$1,763,382$2,189,974
33$2,325,412$1,889,195$1,773,646$2,317,340
34$2,512,258$1,931,420$1,782,718$2,455,538
35$2,716,577$1,974,127$1,790,507$2,605,637
36$2,940,100$2,017,292$1,796,921$2,768,813
37$3,184,735$2,060,884$1,801,863$2,946,363
38$3,452,582$2,104,872$1,805,230$3,139,716
39$3,745,955$2,149,220$1,806,914$3,350,447
40$4,067,399$2,193,889$1,806,803$3,580,293
41$4,419,721$2,238,836$1,804,777$3,831,166
42$4,806,009$2,284,015$1,800,714$4,105,175
43$5,229,665$2,329,376$1,794,482$4,404,643
44$5,694,439$2,374,863$1,785,944$4,732,133
45$6,204,456$2,420,416$1,774,958$5,090,467
46$6,764,265$2,465,971$1,761,373$5,482,756
47$7,378,873$2,511,456$1,745,033$5,912,431
48$8,053,798$2,556,798$1,725,771$6,383,272
49$8,795,117$2,601,912$1,703,416$6,899,445
50$9,609,526$2,646,712$1,677,787$7,465,542
51$10,504,399$2,691,103$1,648,694$8,086,626
52$11,487,862$2,734,981$1,615,940$8,768,275
53$12,568,867$2,778,239$1,579,317$9,516,639
54$13,757,276$2,820,756$1,538,609$10,338,497
55$15,063,953$2,862,409$1,493,587$11,241,318
56$16,500,870$2,903,060$1,444,016$12,233,339
57$18,081,215$2,942,566$1,389,646$13,323,634
58$19,819,518$2,980,772$1,330,219$14,522,208
59$21,731,790$3,017,510$1,265,462$15,840,088
60$23,835,670$3,052,606$1,195,093$17,289,426
61$26,150,594$3,085,869$1,118,814$18,883,618
62$28,697,976$3,117,098$1,036,316$20,637,429
63$31,501,412$3,146,079$947,275$22,567,130
64$34,586,900$3,172,580$851,353$24,690,659
65$37,983,086$3,196,360$748,196$27,027,784
66$41,721,536$3,217,156$637,435$29,600,293
67$45,837,029$3,234,693$518,686$32,432,201
68$50,367,889$3,248,676$391,545$35,549,975
69$55,356,345$3,258,792$255,592$38,982,788
70$60,848,927$3,264,708$110,390$42,762,792
71$66,896,910$3,266,071$0$46,925,423
72$73,556,790$3,262,504$0$51,520,675
73$80,890,824$3,253,608$0$56,610,276
74$88,967,614$3,238,961$0$62,214,673
75$97,862,754$3,218,113$0$68,386,280
76$107,659,541$3,190,587$0$75,182,856
77$118,449,767$3,155,878$0$82,668,054
78$130,334,578$3,113,451$0$90,912,016
79$143,425,432$3,062,737$0$99,992,038
80$157,845,149$3,003,135$0$109,993,300
81$173,729,074$2,934,007$0$121,009,672
82$191,226,345$2,854,680$0$133,144,596
83$210,501,311$2,764,438$0$146,512,064
84$231,735,075$2,662,525$0$161,237,698
85$255,127,205$2,548,142$0$177,459,932
86$280,897,620$2,420,441$0$195,331,321
87$309,288,662$2,278,527$0$215,019,980
88$340,567,383$2,121,453$0$236,711,174
89$375,028,070$1,948,217$0$260,609,064
90$412,995,015$1,757,762$0$286,938,637
91$454,825,582$1,548,968$0$315,947,832
92$500,913,577$1,320,653$0$347,909,877
93$551,692,964$1,071,567$0$383,125,872
94$607,641,965$800,392$0$421,927,630
95$669,287,567$505,733$0$464,680,812
96$737,210,504$186,119$0$511,788,381
97$812,050,732$0$0$563,694,402
98$894,513,473$0$0$620,912,891
99$985,375,871$0$0$683,991,490
100$1,085,494,328$0$0$753,496,089