Can I retire at age 30 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$139,559$138,316$137,103$135,919$134,763$130,816
2 years$69,088$67,802$66,555$65,346$64,173$60,228
3 years$45,601$44,309$43,065$41,868$40,714$36,895
4 years$33,860$32,572$31,341$30,163$29,037$25,374
5 years$26,817$25,537$24,322$23,168$22,074$18,576
6 years$22,124$20,853$19,655$18,528$17,466$14,137
7 years$18,772$17,512$16,334$15,233$14,205$11,044
8 years$16,260$15,011$13,852$12,778$11,784$8,790
9 years$14,307$13,070$11,931$10,884$9,924$7,093
10 years$12,745$11,520$10,402$9,382$8,456$5,785
11 years$11,469$10,256$9,157$8,166$7,272$4,756
12 years$10,405$9,205$8,127$7,162$6,302$3,936
13 years$9,507$8,319$7,261$6,323$5,495$3,274
14 years$8,737$7,562$6,524$5,613$4,817$2,735
15 years$8,070$6,908$5,890$5,006$4,241$2,293
16 years$7,487$6,338$5,340$4,482$3,749$1,928
17 years$6,974$5,837$4,860$4,027$3,324$1,624
18 years$6,518$5,393$4,436$3,629$2,955$1,371
19 years$6,110$4,999$4,061$3,279$2,634$1,160
20 years$5,744$4,645$3,727$2,970$2,353$982
21 years$5,413$4,327$3,428$2,696$2,106$833
22 years$5,112$4,039$3,160$2,451$1,887$707
23 years$4,838$3,777$2,917$2,232$1,694$600
24 years$4,587$3,539$2,698$2,036$1,523$510
25 years$4,357$3,321$2,499$1,859$1,370$434
26 years$4,145$3,121$2,318$1,700$1,234$369
27 years$3,949$2,938$2,152$1,556$1,113$314
28 years$3,767$2,768$2,001$1,426$1,004$268
29 years$3,598$2,611$1,862$1,307$907$228
30 years$3,440$2,466$1,734$1,200$819$194
31 years$3,293$2,331$1,617$1,102$741$165
32 years$3,156$2,206$1,508$1,013$670$141
33 years$3,027$2,089$1,408$931$606$120
34 years$2,905$1,980$1,316$857$549$102
35 years$2,791$1,878$1,230$789$497$87
36 years$2,684$1,782$1,151$726$451$75
37 years$2,583$1,693$1,077$669$408$64
38 years$2,487$1,609$1,009$617$370$54
39 years$2,396$1,530$945$569$336$46
40 years$2,310$1,456$886$525$304$39
41 years$2,229$1,386$831$484$276$34
42 years$2,152$1,320$779$447$251$29
43 years$2,078$1,257$731$412$227$24
44 years$2,008$1,198$686$381$206$21
45 years$1,941$1,143$644$352$187$18
46 years$1,878$1,090$605$325$170$15
47 years$1,817$1,040$569$300$155$13
48 years$1,759$993$534$277$140$11
49 years$1,703$948$502$256$127$9
50 years$1,650$906$472$237$116$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,690,000, adding $3,895 every year, while hoping to spend $55,581 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: 53/27/20 Blend
29$1,690,000$1,690,000$1,690,000$1,690,000
30$1,866,398$1,776,828$1,750,633$1,954,898
31$1,997,633$1,804,754$1,750,141$2,044,028
32$2,140,390$1,832,187$1,747,770$2,134,824
33$2,295,788$1,859,042$1,743,398$2,232,431
34$2,465,054$1,885,231$1,736,898$2,337,513
35$2,649,541$1,910,658$1,728,136$2,450,806
36$2,850,737$1,935,223$1,716,971$2,573,122
37$3,070,279$1,958,816$1,703,256$2,705,356
38$3,309,971$1,981,322$1,686,839$2,848,498
39$3,571,797$2,002,615$1,667,557$3,003,636
40$3,857,942$2,022,565$1,645,241$3,171,976
41$4,170,811$2,041,029$1,619,716$3,354,846
42$4,513,052$2,057,858$1,590,795$3,553,712
43$4,887,581$2,072,892$1,558,285$3,770,192
44$5,297,610$2,085,959$1,521,983$4,006,071
45$5,746,674$2,096,879$1,481,677$4,263,319
46$6,238,667$2,105,458$1,437,145$4,544,110
47$6,777,877$2,111,491$1,388,155$4,850,843
48$7,369,026$2,114,760$1,334,464$5,186,164
49$8,017,317$2,115,033$1,275,819$5,552,993
50$8,728,477$2,112,064$1,211,953$5,954,553
51$9,508,818$2,105,591$1,142,590$6,394,397
52$10,365,290$2,095,338$1,067,439$6,876,446
53$11,305,549$2,081,009$986,197$7,405,027
54$12,338,029$2,062,292$898,549$7,984,912
55$13,472,021$2,038,857$804,163$8,621,365
56$14,717,758$2,010,352$702,693$9,320,193
57$16,086,515$1,976,405$593,779$10,087,802
58$17,590,713$1,936,623$477,045$10,931,256
59$19,244,036$1,890,587$352,096$11,858,348
60$21,061,559$1,837,857$218,522$12,877,674
61$23,059,889$1,777,963$75,894$13,998,713
62$25,257,326$1,710,412$0$15,231,920
63$27,674,029$1,634,678$0$16,605,110
64$30,332,211$1,550,208$0$18,133,056
65$33,256,343$1,456,414$0$19,813,672
66$36,473,389$1,352,678$0$21,662,529
67$40,013,058$1,238,343$0$23,696,793
68$43,908,085$1,112,716$0$25,935,386
69$48,194,535$975,064$0$28,399,164
70$52,912,149$824,614$0$31,111,119
71$58,104,716$660,548$0$34,096,592
72$63,820,484$482,002$0$37,383,519
73$70,112,617$288,064$0$41,002,691
74$77,039,694$77,769$0$44,988,049
75$84,666,264$0$0$49,377,003
76$93,063,453$0$0$54,255,326
77$102,309,634$0$0$59,652,522
78$112,491,167$0$0$65,595,921
79$123,703,213$0$0$72,141,101
80$136,050,634$0$0$79,349,302
81$149,648,977$0$0$87,288,009
82$164,625,568$0$0$96,031,583
83$181,120,712$0$0$105,661,969
84$199,289,016$0$0$116,269,461
85$219,300,848$0$0$127,953,562
86$241,343,943$0$0$140,823,917
87$265,625,178$0$0$155,001,349
88$292,372,519$0$0$170,619,001
89$321,837,177$0$0$187,823,590
90$354,295,974$0$0$206,776,793
91$390,053,958$0$0$227,656,772
92$429,447,279$0$0$250,659,854
93$472,846,366$0$0$276,002,386
94$520,659,416$0$0$303,922,776
95$573,336,254$0$0$334,683,742
96$631,372,570$0$0$368,574,793
97$695,314,605$0$0$405,914,961
98$765,764,302$0$0$447,055,811
99$843,384,987$0$0$492,384,759
100$928,907,634$0$0$542,328,732