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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$139,559$138,316$137,103$135,919$134,763$133,914
2 years$69,088$67,802$66,555$65,346$64,173$63,316
3 years$45,601$44,309$43,065$41,868$40,714$39,876
4 years$33,860$32,572$31,341$30,163$29,037$28,226
5 years$26,817$25,537$24,322$23,168$22,074$21,290
6 years$22,124$20,853$19,655$18,528$17,466$16,711
7 years$18,772$17,512$16,334$15,233$14,205$13,479
8 years$16,260$15,011$13,852$12,778$11,784$11,088
9 years$14,307$13,070$11,931$10,884$9,924$9,257
10 years$12,745$11,520$10,402$9,382$8,456$7,818
11 years$11,469$10,256$9,157$8,166$7,272$6,662
12 years$10,405$9,205$8,127$7,162$6,302$5,720
13 years$9,507$8,319$7,261$6,323$5,495$4,941
14 years$8,737$7,562$6,524$5,613$4,817$4,289
15 years$8,070$6,908$5,890$5,006$4,241$3,739
16 years$7,487$6,338$5,340$4,482$3,749$3,272
17 years$6,974$5,837$4,860$4,027$3,324$2,871
18 years$6,518$5,393$4,436$3,629$2,955$2,527
19 years$6,110$4,999$4,061$3,279$2,634$2,228
20 years$5,744$4,645$3,727$2,970$2,353$1,969
21 years$5,413$4,327$3,428$2,696$2,106$1,743
22 years$5,112$4,039$3,160$2,451$1,887$1,545
23 years$4,838$3,777$2,917$2,232$1,694$1,372
24 years$4,587$3,539$2,698$2,036$1,523$1,219
25 years$4,357$3,321$2,499$1,859$1,370$1,084
26 years$4,145$3,121$2,318$1,700$1,234$966
27 years$3,949$2,938$2,152$1,556$1,113$860
28 years$3,767$2,768$2,001$1,426$1,004$767
29 years$3,598$2,611$1,862$1,307$907$685
30 years$3,440$2,466$1,734$1,200$819$611
31 years$3,293$2,331$1,617$1,102$741$546
32 years$3,156$2,206$1,508$1,013$670$488
33 years$3,027$2,089$1,408$931$606$436
34 years$2,905$1,980$1,316$857$549$390
35 years$2,791$1,878$1,230$789$497$349
36 years$2,684$1,782$1,151$726$451$312
37 years$2,583$1,693$1,077$669$408$279
38 years$2,487$1,609$1,009$617$370$250
39 years$2,396$1,530$945$569$336$224
40 years$2,310$1,456$886$525$304$201
41 years$2,229$1,386$831$484$276$180
42 years$2,152$1,320$779$447$251$161
43 years$2,078$1,257$731$412$227$144
44 years$2,008$1,198$686$381$206$129
45 years$1,941$1,143$644$352$187$116
46 years$1,878$1,090$605$325$170$104
47 years$1,817$1,040$569$300$155$93
48 years$1,759$993$534$277$140$83
49 years$1,703$948$502$256$127$75
50 years$1,650$906$472$237$116$67

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 $4,277 every year, while hoping to spend $28,405 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: 72/21/7 Blend
29$1,690,000$1,690,000$1,690,000$1,690,000
30$1,866,792$1,777,222$1,751,027$1,998,990
31$2,026,982$1,834,083$1,779,463$2,143,655
32$2,202,559$1,892,778$1,807,901$2,298,035
33$2,395,064$1,953,368$1,836,309$2,466,262
34$2,606,190$2,015,913$1,864,655$2,649,695
35$2,837,807$2,080,478$1,892,907$2,849,826
36$3,091,971$2,147,129$1,921,027$3,068,299
37$3,370,948$2,215,935$1,948,977$3,306,926
38$3,677,235$2,286,965$1,976,717$3,567,698
39$4,013,579$2,360,293$2,004,204$3,852,811
40$4,383,010$2,435,993$2,031,391$4,164,681
41$4,788,865$2,514,145$2,058,231$4,505,968
42$5,234,819$2,594,828$2,084,671$4,879,604
43$5,724,921$2,678,125$2,110,658$5,288,815
44$6,263,632$2,764,122$2,136,134$5,737,157
45$6,855,868$2,852,909$2,161,039$6,228,543
46$7,507,041$2,944,576$2,185,309$6,767,286
47$8,223,118$3,039,219$2,208,876$7,358,134
48$9,010,671$3,136,936$2,231,668$8,006,320
49$9,876,942$3,237,828$2,253,612$8,717,606
50$10,829,909$3,342,001$2,274,626$9,498,339
51$11,878,362$3,449,561$2,294,629$10,355,513
52$13,031,987$3,560,622$2,313,531$11,296,831
53$14,301,456$3,675,298$2,331,240$12,330,779
54$15,698,527$3,793,711$2,347,659$13,466,706
55$17,236,156$3,915,982$2,362,686$14,714,912
56$18,928,620$4,042,241$2,376,212$16,086,745
57$20,791,648$4,172,620$2,388,123$17,594,707
58$22,842,572$4,307,254$2,398,302$19,252,571
59$25,100,492$4,446,287$2,406,622$21,075,513
60$27,586,450$4,589,863$2,412,952$23,080,254
61$30,323,636$4,738,134$2,417,154$25,285,214
62$33,337,601$4,891,257$2,419,082$27,710,693
63$36,656,500$5,049,392$2,418,586$30,379,055
64$40,311,359$5,212,708$2,415,504$33,314,941
65$44,336,364$5,381,378$2,409,670$36,545,503
66$48,769,187$5,555,579$2,400,908$40,100,659
67$53,651,339$5,735,497$2,389,033$44,013,371
68$59,028,563$5,921,324$2,373,853$48,319,963
69$64,951,265$6,113,257$2,355,165$53,060,459
70$71,474,988$6,311,501$2,332,758$58,278,958
71$78,660,940$6,516,268$2,306,408$64,024,057
72$86,576,568$6,727,776$2,275,885$70,349,301
73$95,296,194$6,946,254$2,240,943$77,313,694
74$104,901,720$7,171,934$2,201,329$84,982,253
75$115,483,397$7,405,061$2,156,775$93,426,621
76$127,140,678$7,645,884$2,107,002$102,725,746
77$139,983,158$7,894,663$2,051,718$112,966,618
78$154,131,607$8,151,668$1,990,616$124,245,100
79$169,719,108$8,417,176$1,923,379$136,666,823
80$186,892,315$8,691,476$1,849,670$150,348,188
81$205,812,837$8,974,865$1,769,140$165,417,464
82$226,658,765$9,267,651$1,681,425$182,015,995
83$249,626,347$9,570,154$1,586,140$200,299,537
84$274,931,846$9,882,704$1,482,888$220,439,726
85$302,813,581$10,205,643$1,371,251$242,625,697
86$333,534,171$10,539,324$1,250,793$267,065,871
87$367,383,019$10,884,114$1,121,058$293,989,921
88$404,679,044$11,240,392$981,570$323,650,937
89$445,773,686$11,608,551$831,832$356,327,819
90$491,054,230$11,988,998$671,326$392,327,906
91$540,947,455$12,382,152$499,509$431,989,875
92$595,923,668$12,788,450$315,815$475,686,942
93$656,501,142$13,208,344$119,655$523,830,383
94$723,251,005$13,642,300$0$576,873,414
95$796,802,637$14,090,802$0$635,322,168
96$877,849,607$14,554,352$0$699,730,286
97$967,156,220$15,033,469$0$770,695,368
98$1,065,564,735$15,528,689$0$848,885,813
99$1,174,003,314$16,040,571$0$935,038,186
100$1,293,494,784$16,569,691$0$1,029,964,166