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%19.3%
1 years$139,559$138,316$137,103$135,919$134,763$129,724
2 years$69,088$67,802$66,555$65,346$64,173$59,154
3 years$45,601$44,309$43,065$41,868$40,714$35,872
4 years$33,860$32,572$31,341$30,163$29,037$24,411
5 years$26,817$25,537$24,322$23,168$22,074$17,674
6 years$22,124$20,853$19,655$18,528$17,466$13,296
7 years$18,772$17,512$16,334$15,233$14,205$10,263
8 years$16,260$15,011$13,852$12,778$11,784$8,068
9 years$14,307$13,070$11,931$10,884$9,924$6,428
10 years$12,745$11,520$10,402$9,382$8,456$5,173
11 years$11,469$10,256$9,157$8,166$7,272$4,196
12 years$10,405$9,205$8,127$7,162$6,302$3,424
13 years$9,507$8,319$7,261$6,323$5,495$2,808
14 years$8,737$7,562$6,524$5,613$4,817$2,312
15 years$8,070$6,908$5,890$5,006$4,241$1,909
16 years$7,487$6,338$5,340$4,482$3,749$1,581
17 years$6,974$5,837$4,860$4,027$3,324$1,312
18 years$6,518$5,393$4,436$3,629$2,955$1,090
19 years$6,110$4,999$4,061$3,279$2,634$908
20 years$5,744$4,645$3,727$2,970$2,353$756
21 years$5,413$4,327$3,428$2,696$2,106$631
22 years$5,112$4,039$3,160$2,451$1,887$527
23 years$4,838$3,777$2,917$2,232$1,694$440
24 years$4,587$3,539$2,698$2,036$1,523$368
25 years$4,357$3,321$2,499$1,859$1,370$308
26 years$4,145$3,121$2,318$1,700$1,234$257
27 years$3,949$2,938$2,152$1,556$1,113$215
28 years$3,767$2,768$2,001$1,426$1,004$180
29 years$3,598$2,611$1,862$1,307$907$151
30 years$3,440$2,466$1,734$1,200$819$126
31 years$3,293$2,331$1,617$1,102$741$106
32 years$3,156$2,206$1,508$1,013$670$89
33 years$3,027$2,089$1,408$931$606$74
34 years$2,905$1,980$1,316$857$549$62
35 years$2,791$1,878$1,230$789$497$52
36 years$2,684$1,782$1,151$726$451$44
37 years$2,583$1,693$1,077$669$408$37
38 years$2,487$1,609$1,009$617$370$31
39 years$2,396$1,530$945$569$336$26
40 years$2,310$1,456$886$525$304$22
41 years$2,229$1,386$831$484$276$18
42 years$2,152$1,320$779$447$251$15
43 years$2,078$1,257$731$412$227$13
44 years$2,008$1,198$686$381$206$11
45 years$1,941$1,143$644$352$187$9
46 years$1,878$1,090$605$325$170$7
47 years$1,817$1,040$569$300$155$6
48 years$1,759$993$534$277$140$5
49 years$1,703$948$502$256$127$4
50 years$1,650$906$472$237$116$4

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 $4,517 every year, while hoping to spend $38,947 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: 61/29/10 Blend
29$1,690,000$1,690,000$1,690,000$1,690,000
30$1,867,039$1,777,469$1,751,274$1,976,408
31$2,016,038$1,823,126$1,768,503$2,095,915
32$2,178,929$1,869,715$1,785,003$2,221,396
33$2,357,089$1,917,239$1,800,709$2,357,347
34$2,552,032$1,965,704$1,815,553$2,504,780
35$2,765,427$2,015,111$1,829,462$2,664,810
36$2,999,110$2,065,461$1,842,358$2,838,664
37$3,255,104$2,116,754$1,854,163$3,027,694
38$3,535,638$2,168,988$1,864,790$3,233,388
39$3,843,164$2,222,160$1,874,152$3,457,386
40$4,180,386$2,276,264$1,882,154$3,701,492
41$4,550,277$2,331,294$1,888,699$3,967,696
42$4,956,118$2,387,240$1,893,683$4,258,186
43$5,401,519$2,444,091$1,896,998$4,575,378
44$5,890,457$2,501,834$1,898,530$4,921,927
45$6,427,313$2,560,453$1,898,160$5,300,762
46$7,016,913$2,619,930$1,895,763$5,715,109
47$7,664,573$2,680,242$1,891,206$6,168,522
48$8,376,151$2,741,365$1,884,353$6,664,916
49$9,158,099$2,803,272$1,875,059$7,208,606
50$10,017,524$2,865,931$1,863,172$7,804,343
51$10,962,257$2,929,307$1,848,534$8,457,366
52$12,000,925$2,993,362$1,830,979$9,173,445
53$13,143,035$3,058,051$1,810,331$9,958,939
54$14,399,056$3,123,328$1,786,410$10,820,854
55$15,780,529$3,189,140$1,759,023$11,766,909
56$17,300,163$3,255,428$1,727,970$12,805,614
57$18,971,966$3,322,130$1,693,044$13,946,341
58$20,811,369$3,389,177$1,654,023$15,199,421
59$22,835,375$3,456,494$1,610,680$16,576,238
60$25,062,720$3,523,998$1,562,774$18,089,336
61$27,514,045$3,591,601$1,510,054$19,752,539
62$30,212,095$3,659,207$1,452,259$21,581,079
63$33,181,932$3,726,712$1,389,113$23,591,745
64$36,451,171$3,794,003$1,320,330$25,803,036
65$40,050,240$3,860,959$1,245,611$28,235,338
66$44,012,667$3,927,448$1,164,641$30,911,118
67$48,375,397$3,993,331$1,077,094$33,855,135
68$53,179,138$4,058,455$982,628$37,094,672
69$58,468,749$4,122,657$880,884$40,659,798
70$64,293,658$4,185,764$771,490$44,583,649
71$70,708,332$4,247,588$654,057$48,902,741
72$77,772,790$4,307,928$528,176$53,657,317
73$85,553,167$4,366,569$393,422$58,891,726
74$94,122,340$4,423,281$249,352$64,654,842
75$103,560,616$4,477,819$95,502$71,000,525
76$113,956,487$4,529,920$0$77,988,134
77$125,407,466$4,579,303$0$85,690,409
78$138,021,008$4,625,670$0$94,183,461
79$151,915,524$4,668,701$0$103,536,591
80$167,221,497$4,708,057$0$113,837,408
81$184,082,712$4,743,374$0$125,182,458
82$202,657,617$4,774,268$0$137,678,133
83$223,120,814$4,800,327$0$151,441,682
84$245,664,709$4,821,115$0$166,602,308
85$270,501,327$4,836,167$0$183,302,399
86$297,864,312$4,844,989$0$201,698,865
87$328,011,136$4,847,057$0$221,964,622
88$361,225,522$4,841,813$0$244,290,227
89$397,820,129$4,828,666$0$268,885,673
90$438,139,498$4,806,987$0$295,982,379
91$482,563,307$4,776,109$0$325,835,367
92$531,509,952$4,735,327$0$358,725,676
93$585,440,499$4,683,889$0$394,963,017
94$644,863,032$4,621,002$0$434,888,690
95$710,337,453$4,545,823$0$478,878,818
96$782,480,764$4,457,459$0$527,347,890
97$861,972,893$4,354,965$0$580,752,678
98$949,563,111$4,237,341$0$639,596,554
99$1,046,077,103$4,103,526$0$704,434,236
100$1,152,424,768$3,952,399$0$775,877,035