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%16.1%
1 years$139,559$138,316$137,103$135,919$134,763$131,398
2 years$69,088$67,802$66,555$65,346$64,173$60,804
3 years$45,601$44,309$43,065$41,868$40,714$37,447
4 years$33,860$32,572$31,341$30,163$29,037$25,897
5 years$26,817$25,537$24,322$23,168$22,074$19,069
6 years$22,124$20,853$19,655$18,528$17,466$14,600
7 years$18,772$17,512$16,334$15,233$14,205$11,477
8 years$16,260$15,011$13,852$12,778$11,784$9,194
9 years$14,307$13,070$11,931$10,884$9,924$7,469
10 years$12,745$11,520$10,402$9,382$8,456$6,133
11 years$11,469$10,256$9,157$8,166$7,272$5,078
12 years$10,405$9,205$8,127$7,162$6,302$4,233
13 years$9,507$8,319$7,261$6,323$5,495$3,548
14 years$8,737$7,562$6,524$5,613$4,817$2,986
15 years$8,070$6,908$5,890$5,006$4,241$2,523
16 years$7,487$6,338$5,340$4,482$3,749$2,137
17 years$6,974$5,837$4,860$4,027$3,324$1,816
18 years$6,518$5,393$4,436$3,629$2,955$1,545
19 years$6,110$4,999$4,061$3,279$2,634$1,318
20 years$5,744$4,645$3,727$2,970$2,353$1,125
21 years$5,413$4,327$3,428$2,696$2,106$962
22 years$5,112$4,039$3,160$2,451$1,887$824
23 years$4,838$3,777$2,917$2,232$1,694$706
24 years$4,587$3,539$2,698$2,036$1,523$605
25 years$4,357$3,321$2,499$1,859$1,370$519
26 years$4,145$3,121$2,318$1,700$1,234$445
27 years$3,949$2,938$2,152$1,556$1,113$383
28 years$3,767$2,768$2,001$1,426$1,004$329
29 years$3,598$2,611$1,862$1,307$907$283
30 years$3,440$2,466$1,734$1,200$819$243
31 years$3,293$2,331$1,617$1,102$741$209
32 years$3,156$2,206$1,508$1,013$670$180
33 years$3,027$2,089$1,408$931$606$155
34 years$2,905$1,980$1,316$857$549$133
35 years$2,791$1,878$1,230$789$497$114
36 years$2,684$1,782$1,151$726$451$99
37 years$2,583$1,693$1,077$669$408$85
38 years$2,487$1,609$1,009$617$370$73
39 years$2,396$1,530$945$569$336$63
40 years$2,310$1,456$886$525$304$54
41 years$2,229$1,386$831$484$276$47
42 years$2,152$1,320$779$447$251$40
43 years$2,078$1,257$731$412$227$35
44 years$2,008$1,198$686$381$206$30
45 years$1,941$1,143$644$352$187$26
46 years$1,878$1,090$605$325$170$22
47 years$1,817$1,040$569$300$155$19
48 years$1,759$993$534$277$140$16
49 years$1,703$948$502$256$127$14
50 years$1,650$906$472$237$116$12

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 $3,300 every year, while hoping to spend $21,235 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: 81/11/8 Blend
29$1,690,000$1,690,000$1,690,000$1,690,000
30$1,865,784$1,776,214$1,750,019$2,014,776
31$2,033,500$1,840,655$1,786,051$2,177,256
32$2,217,611$1,907,541$1,822,578$2,352,400
33$2,419,768$1,976,971$1,859,594$2,543,988
34$2,641,788$2,049,045$1,897,094$2,753,652
35$2,885,672$2,123,871$1,935,069$2,983,193
36$3,153,627$2,201,557$1,973,510$3,234,590
37$3,448,082$2,282,218$2,012,407$3,510,026
38$3,771,714$2,365,974$2,051,751$3,811,902
39$4,127,472$2,452,951$2,091,528$4,142,864
40$4,518,606$2,543,277$2,131,726$4,505,826
41$4,948,694$2,637,088$2,172,329$4,903,999
42$5,421,681$2,734,525$2,213,322$5,340,917
43$5,941,912$2,835,736$2,254,688$5,820,475
44$6,514,173$2,940,874$2,296,406$6,346,962
45$7,143,740$3,050,098$2,338,457$6,925,103
46$7,836,424$3,163,575$2,380,818$7,560,103
47$8,598,629$3,281,480$2,423,465$8,257,696
48$9,437,409$3,403,993$2,466,371$9,024,198
49$10,360,540$3,531,303$2,509,509$9,866,569
50$11,376,585$3,663,608$2,552,848$10,792,475
51$12,494,985$3,801,112$2,596,357$11,810,361
52$13,726,138$3,944,031$2,639,999$12,929,532
53$15,081,503$4,092,588$2,683,738$14,160,241
54$16,573,708$4,247,016$2,727,535$15,513,781
55$18,216,665$4,407,559$2,771,346$17,002,596
56$20,025,705$4,574,470$2,815,127$18,640,397
57$22,017,723$4,748,014$2,858,829$20,442,290
58$24,211,332$4,928,468$2,902,401$22,424,919
59$26,627,045$5,116,120$2,945,789$24,606,622
60$29,287,464$5,311,271$2,988,933$27,007,606
61$32,217,497$5,514,235$3,031,774$29,650,132
62$35,444,588$5,725,339$3,074,245$32,558,733
63$38,998,982$5,944,926$3,116,278$35,760,438
64$42,914,003$6,173,353$3,157,799$39,285,030
65$47,226,377$6,410,992$3,198,730$43,165,325
66$51,976,569$6,658,233$3,238,989$47,437,485
67$57,209,173$6,915,481$3,278,490$52,141,353
68$62,973,330$7,183,160$3,317,140$57,320,835
69$69,323,189$7,461,714$3,354,843$63,024,309
70$76,318,420$7,751,604$3,391,497$69,305,083
71$84,024,779$8,053,313$3,426,992$76,221,898
72$92,514,726$8,367,345$3,461,216$83,839,484
73$101,868,110$8,694,226$3,494,048$92,229,165
74$112,172,920$9,034,506$3,525,362$101,469,536
75$123,526,120$9,388,759$3,555,024$111,647,204
76$136,034,561$9,757,585$3,582,894$122,857,604
77$149,815,989$10,141,610$3,608,824$135,205,900
78$165,000,159$10,541,488$3,632,658$148,807,975
79$181,730,057$10,957,902$3,654,234$163,791,528
80$200,163,251$11,391,567$3,673,379$180,297,274
81$220,473,377$11,843,229$3,689,912$198,480,279
82$242,851,781$12,313,666$3,703,643$218,511,413
83$267,509,320$12,803,694$3,714,373$240,578,971
84$294,678,359$13,314,163$3,721,892$264,890,447
85$324,614,956$13,845,962$3,725,981$291,674,489
86$357,601,288$14,400,020$3,726,407$321,183,061
87$393,948,308$14,977,309$3,722,930$353,693,818
88$433,998,681$15,578,843$3,715,294$389,512,729
89$478,130,023$16,205,683$3,703,233$428,976,960
90$526,758,462$16,858,938$3,686,468$472,458,060
91$580,342,566$17,539,766$3,664,705$520,365,466
92$639,387,672$18,249,380$3,637,637$573,150,368
93$704,450,660$18,989,044$3,604,943$631,309,967
94$776,145,203$19,760,084$3,566,285$695,392,166
95$855,147,569$20,563,883$3,521,311$766,000,745
96$942,202,996$21,401,888$3,469,649$843,801,056
97$1,038,132,732$22,275,612$3,410,914$929,526,305
98$1,143,841,791$23,186,637$3,344,699$1,023,984,473
99$1,260,327,489$24,136,616$3,270,581$1,128,065,942
100$1,388,688,863$25,127,281$3,188,116$1,242,751,898