Can I retire at age 30 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$141,210$139,952$138,725$137,527$136,358$133,769
2 years$69,906$68,604$67,342$66,119$64,932$62,334
3 years$46,141$44,834$43,575$42,363$41,196$38,669
4 years$34,261$32,957$31,711$30,520$29,381$26,946
5 years$27,135$25,839$24,609$23,442$22,335$19,998
6 years$22,385$21,099$19,888$18,747$17,673$15,436
7 years$18,994$17,719$16,527$15,413$14,373$12,238
8 years$16,452$15,189$14,016$12,930$11,924$9,889
9 years$14,476$13,225$12,072$11,013$10,041$8,106
10 years$12,896$11,657$10,525$9,493$8,556$6,718
11 years$11,604$10,377$9,266$8,262$7,358$5,616
12 years$10,529$9,314$8,223$7,247$6,377$4,728
13 years$9,619$8,417$7,347$6,398$5,560$4,002
14 years$8,840$7,651$6,601$5,679$4,874$3,403
15 years$8,166$6,989$5,960$5,065$4,292$2,905
16 years$7,576$6,413$5,404$4,535$3,793$2,488
17 years$7,056$5,906$4,917$4,075$3,363$2,136
18 years$6,595$5,457$4,489$3,672$2,990$1,838
19 years$6,182$5,058$4,109$3,318$2,665$1,585
20 years$5,812$4,700$3,771$3,005$2,381$1,369
21 years$5,477$4,378$3,469$2,727$2,131$1,184
22 years$5,173$4,086$3,197$2,480$1,910$1,025
23 years$4,895$3,822$2,952$2,258$1,714$889
24 years$4,642$3,581$2,730$2,060$1,541$771
25 years$4,409$3,361$2,529$1,881$1,386$669
26 years$4,194$3,158$2,345$1,720$1,249$582
27 years$3,995$2,972$2,178$1,574$1,126$506
28 years$3,811$2,801$2,024$1,443$1,016$440
29 years$3,640$2,642$1,884$1,323$917$383
30 years$3,481$2,495$1,755$1,214$829$333
31 years$3,332$2,359$1,636$1,115$749$290
32 years$3,193$2,232$1,526$1,025$678$253
33 years$3,062$2,114$1,425$942$614$220
34 years$2,940$2,003$1,332$867$555$192
35 years$2,825$1,900$1,245$798$503$167
36 years$2,716$1,804$1,165$735$456$146
37 years$2,613$1,713$1,090$677$413$127
38 years$2,516$1,628$1,021$624$375$111
39 years$2,425$1,548$956$576$340$97
40 years$2,338$1,473$896$531$308$84
41 years$2,255$1,402$841$490$280$73
42 years$2,177$1,335$788$452$254$64
43 years$2,103$1,272$740$417$230$56
44 years$2,032$1,213$694$385$209$49
45 years$1,964$1,156$652$356$190$42
46 years$1,900$1,103$612$329$172$37
47 years$1,838$1,053$575$304$156$32
48 years$1,780$1,005$541$281$142$28
49 years$1,723$960$508$259$129$25
50 years$1,670$917$478$240$117$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,710,000, adding $6,409 every year, while hoping to spend $44,219 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: 66/25/9 Blend
29$1,710,000$1,710,000$1,710,000$1,710,000
30$1,891,031$1,800,401$1,773,896$2,011,993
31$2,036,867$1,841,572$1,786,273$2,134,442
32$2,196,097$1,883,278$1,797,582$2,262,365
33$2,370,040$1,925,499$1,807,742$2,401,021
34$2,560,147$1,968,213$1,816,665$2,551,452
35$2,768,020$2,011,392$1,824,260$2,714,806
36$2,995,417$2,055,010$1,830,432$2,892,348
37$3,244,278$2,099,034$1,835,081$3,085,470
38$3,516,738$2,143,430$1,838,099$3,295,707
39$3,815,148$2,188,161$1,839,378$3,524,748
40$4,142,096$2,233,183$1,838,800$3,774,454
41$4,500,433$2,278,453$1,836,243$4,046,876
42$4,893,300$2,323,920$1,831,580$4,344,273
43$5,324,155$2,369,530$1,824,676$4,669,133
44$5,796,806$2,415,225$1,815,391$5,024,199
45$6,315,450$2,460,941$1,803,576$5,412,493
46$6,884,708$2,506,609$1,789,078$5,837,343
47$7,509,671$2,552,155$1,771,734$6,302,416
48$8,195,945$2,597,498$1,751,375$6,811,756
49$8,949,708$2,642,553$1,727,823$7,369,815
50$9,777,766$2,687,225$1,700,892$7,981,502
51$10,687,613$2,731,414$1,670,388$8,652,224
52$11,687,509$2,775,013$1,636,105$9,387,941
53$12,786,552$2,817,906$1,597,832$10,195,220
54$13,994,765$2,859,968$1,555,344$11,081,299
55$15,323,192$2,901,067$1,508,408$12,054,152
56$16,783,998$2,941,059$1,456,781$13,122,569
57$18,390,588$2,979,794$1,400,205$14,296,236
58$20,157,731$3,017,107$1,338,416$15,585,827
59$22,101,699$3,052,825$1,271,132$17,003,105
60$24,240,420$3,086,760$1,198,062$18,561,034
61$26,593,647$3,118,716$1,118,902$20,273,902
62$29,183,146$3,148,480$1,033,331$22,157,452
63$32,032,897$3,175,826$941,018$24,229,039
64$35,169,325$3,200,513$841,615$26,507,784
65$38,621,544$3,222,287$734,757$29,014,763
66$42,421,636$3,240,872$620,065$31,773,203
67$46,604,948$3,255,981$497,143$34,808,700
68$51,210,432$3,267,303$365,576$38,149,466
69$56,281,006$3,274,511$224,933$41,826,591
70$61,863,963$3,277,256$74,763$45,874,336
71$68,011,414$3,275,169$0$50,330,465
72$74,780,781$3,267,854$0$55,244,802
73$82,235,337$3,254,896$0$60,663,196
74$90,444,806$3,235,850$0$66,629,056
75$99,486,017$3,210,248$0$73,198,136
76$109,443,630$3,177,589$0$80,431,883
77$120,410,936$3,137,347$0$88,398,008
78$132,490,736$3,088,961$0$97,171,134
79$145,796,308$3,031,837$0$106,833,495
80$160,452,481$2,965,347$0$117,475,718
81$176,596,810$2,888,825$0$129,197,672
82$194,380,873$2,801,566$0$142,109,420
83$213,971,703$2,702,823$0$156,332,252
84$235,553,362$2,591,807$0$171,999,834
85$259,328,683$2,467,683$0$189,259,468
86$285,521,175$2,329,567$0$208,273,488
87$314,377,142$2,176,523$0$229,220,790
88$346,168,002$2,007,563$0$252,298,520
89$381,192,847$1,821,643$0$277,723,942
90$419,781,272$1,617,658$0$305,736,487
91$462,296,478$1,394,440$0$336,600,011
92$509,138,707$1,150,756$0$370,605,296
93$560,749,016$885,303$0$408,072,788
94$617,613,438$596,705$0$449,355,629
95$680,267,573$283,509$0$494,842,990
96$749,301,644$0$0$544,963,748
97$825,366,063$0$0$600,205,895
98$909,177,576$0$0$661,160,555
99$1,001,526,026$0$0$728,324,201
100$1,103,281,805$0$0$802,329,884