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

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$138,733$137,497$136,291$135,115$133,966$132,127
2 years$68,680$67,401$66,161$64,959$63,793$61,944
3 years$45,332$44,047$42,810$41,620$40,473$38,671
4 years$33,660$32,379$31,155$29,985$28,866$27,125
5 years$26,659$25,386$24,178$23,031$21,943$20,268
6 years$21,993$20,729$19,539$18,418$17,363$15,756
7 years$18,661$17,408$16,237$15,143$14,121$12,582
8 years$16,164$14,922$13,770$12,703$11,714$10,244
9 years$14,222$12,993$11,860$10,820$9,865$8,462
10 years$12,670$11,452$10,340$9,327$8,406$7,069
11 years$11,401$10,195$9,103$8,117$7,229$5,958
12 years$10,344$9,151$8,079$7,120$6,265$5,057
13 years$9,450$8,270$7,218$6,286$5,463$4,318
14 years$8,685$7,517$6,485$5,580$4,789$3,704
15 years$8,022$6,867$5,855$4,976$4,216$3,190
16 years$7,443$6,300$5,309$4,456$3,726$2,757
17 years$6,932$5,802$4,831$4,003$3,304$2,389
18 years$6,479$5,361$4,410$3,608$2,938$2,076
19 years$6,074$4,969$4,037$3,260$2,619$1,807
20 years$5,710$4,617$3,705$2,953$2,339$1,576
21 years$5,381$4,301$3,408$2,680$2,093$1,376
22 years$5,082$4,015$3,141$2,436$1,876$1,204
23 years$4,810$3,755$2,900$2,219$1,684$1,054
24 years$4,560$3,518$2,682$2,024$1,514$924
25 years$4,331$3,302$2,484$1,848$1,362$810
26 years$4,120$3,103$2,304$1,690$1,227$711
27 years$3,925$2,920$2,139$1,547$1,106$625
28 years$3,744$2,752$1,989$1,417$998$549
29 years$3,576$2,596$1,851$1,300$901$483
30 years$3,420$2,452$1,724$1,193$814$425
31 years$3,274$2,318$1,607$1,095$736$374
32 years$3,137$2,193$1,500$1,007$666$329
33 years$3,009$2,077$1,400$926$603$290
34 years$2,888$1,968$1,308$852$546$255
35 years$2,775$1,867$1,223$784$494$225
36 years$2,668$1,772$1,144$722$448$198
37 years$2,567$1,683$1,071$665$406$175
38 years$2,472$1,599$1,003$613$368$154
39 years$2,382$1,521$940$565$334$136
40 years$2,297$1,447$881$522$303$120
41 years$2,216$1,377$826$481$275$106
42 years$2,139$1,312$775$444$249$93
43 years$2,066$1,250$727$410$226$82
44 years$1,996$1,191$682$379$205$73
45 years$1,930$1,136$641$350$186$64
46 years$1,866$1,084$602$323$169$56
47 years$1,806$1,034$565$298$154$50
48 years$1,748$987$531$276$140$44
49 years$1,693$943$499$255$127$39
50 years$1,640$901$469$235$115$34

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 $4,880 every year, while hoping to spend $50,115 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: 45/46/9 Blend
29$1,680,000$1,680,000$1,680,000$1,680,000
30$1,856,394$1,767,354$1,741,314$1,935,013
31$1,992,424$1,800,632$1,746,326$2,023,165
32$2,140,650$1,833,861$1,749,826$2,113,150
33$2,302,262$1,866,986$1,751,711$2,209,577
34$2,478,571$1,899,948$1,751,872$2,313,056
35$2,671,021$1,932,680$1,750,195$2,424,262
36$2,881,198$1,965,115$1,746,560$2,543,939
37$3,110,853$1,997,178$1,740,843$2,672,904
38$3,361,909$2,028,789$1,732,910$2,812,063
39$3,636,486$2,059,862$1,722,625$2,962,413
40$3,936,918$2,090,305$1,709,843$3,125,051
41$4,265,773$2,120,020$1,694,412$3,301,192
42$4,625,880$2,148,900$1,676,173$3,492,173
43$5,020,357$2,176,832$1,654,961$3,699,468
44$5,452,632$2,203,696$1,630,602$3,924,704
45$5,926,486$2,229,363$1,602,913$4,169,678
46$6,446,081$2,253,694$1,571,703$4,436,368
47$7,015,999$2,276,544$1,536,773$4,726,959
48$7,641,291$2,297,754$1,497,915$5,043,858
49$8,327,516$2,317,157$1,454,908$5,389,723
50$9,080,801$2,334,576$1,407,526$5,767,485
51$9,907,893$2,349,821$1,355,529$6,180,376
52$10,816,225$2,362,689$1,298,666$6,631,961
53$11,813,986$2,372,967$1,236,677$7,126,174
54$12,910,195$2,380,425$1,169,288$7,667,353
55$14,114,789$2,384,820$1,096,214$8,260,280
56$15,438,717$2,385,895$1,017,157$8,910,234
57$16,894,038$2,383,376$931,803$9,623,033
58$18,494,040$2,376,972$839,829$10,405,098
59$20,253,362$2,366,373$740,892$11,263,505
60$22,188,131$2,351,252$634,639$12,206,064
61$24,316,119$2,331,261$520,697$13,241,384
62$26,656,902$2,306,032$398,680$14,378,959
63$29,232,052$2,275,174$268,182$15,629,261
64$32,065,336$2,238,272$128,781$17,003,837
65$35,182,941$2,194,888$0$18,515,421
66$38,613,720$2,144,557$0$20,179,974
67$42,389,465$2,086,786$0$22,024,382
68$46,545,207$2,021,054$0$24,053,386
69$51,119,542$1,946,811$0$26,285,859
70$56,155,002$1,863,471$0$28,742,611
71$61,698,448$1,770,417$0$31,446,583
72$67,801,519$1,666,996$0$34,423,066
73$74,521,112$1,552,518$0$37,699,942
74$81,919,925$1,426,250$0$41,307,951
75$90,067,043$1,287,422$0$45,280,979
76$99,038,593$1,135,217$0$49,656,384
77$108,918,458$968,772$0$54,475,347
78$119,799,076$787,176$0$59,783,267
79$131,782,300$589,466$0$65,630,189
80$144,980,370$374,626$0$72,071,283
81$159,516,967$141,581$0$79,167,362
82$175,528,377$0$0$86,985,465
83$193,164,782$0$0$95,655,574
84$212,591,674$0$0$105,285,123
85$233,991,419$0$0$115,892,874
86$257,564,972$0$0$127,578,480
87$283,533,780$0$0$140,451,750
88$312,141,868$0$0$154,633,693
89$343,658,141$0$0$170,257,653
90$378,378,925$0$0$187,470,573
91$416,630,760$0$0$206,434,381
92$458,773,484$0$0$227,327,514
93$505,203,626$0$0$250,346,607
94$556,358,154$0$0$275,708,345
95$612,718,591$0$0$303,651,511
96$674,815,569$0$0$334,439,240
97$743,233,828$0$0$368,361,498
98$818,617,742$0$0$405,737,824
99$901,677,398$0$0$446,920,344
100$993,195,299$0$0$492,297,094