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%13.4%
1 years$141,210$139,952$138,725$137,527$136,358$134,431
2 years$69,906$68,604$67,342$66,119$64,932$62,995
3 years$46,141$44,834$43,575$42,363$41,196$39,308
4 years$34,261$32,957$31,711$30,520$29,381$27,557
5 years$27,135$25,839$24,609$23,442$22,335$20,581
6 years$22,385$21,099$19,888$18,747$17,673$15,990
7 years$18,994$17,719$16,527$15,413$14,373$12,762
8 years$16,452$15,189$14,016$12,930$11,924$10,385
9 years$14,476$13,225$12,072$11,013$10,041$8,573
10 years$12,896$11,657$10,525$9,493$8,556$7,158
11 years$11,604$10,377$9,266$8,262$7,358$6,029
12 years$10,529$9,314$8,223$7,247$6,377$5,114
13 years$9,619$8,417$7,347$6,398$5,560$4,364
14 years$8,840$7,651$6,601$5,679$4,874$3,741
15 years$8,166$6,989$5,960$5,065$4,292$3,220
16 years$7,576$6,413$5,404$4,535$3,793$2,781
17 years$7,056$5,906$4,917$4,075$3,363$2,408
18 years$6,595$5,457$4,489$3,672$2,990$2,091
19 years$6,182$5,058$4,109$3,318$2,665$1,819
20 years$5,812$4,700$3,771$3,005$2,381$1,585
21 years$5,477$4,378$3,469$2,727$2,131$1,383
22 years$5,173$4,086$3,197$2,480$1,910$1,209
23 years$4,895$3,822$2,952$2,258$1,714$1,057
24 years$4,642$3,581$2,730$2,060$1,541$926
25 years$4,409$3,361$2,529$1,881$1,386$812
26 years$4,194$3,158$2,345$1,720$1,249$712
27 years$3,995$2,972$2,178$1,574$1,126$625
28 years$3,811$2,801$2,024$1,443$1,016$549
29 years$3,640$2,642$1,884$1,323$917$482
30 years$3,481$2,495$1,755$1,214$829$424
31 years$3,332$2,359$1,636$1,115$749$373
32 years$3,193$2,232$1,526$1,025$678$328
33 years$3,062$2,114$1,425$942$614$289
34 years$2,940$2,003$1,332$867$555$254
35 years$2,825$1,900$1,245$798$503$224
36 years$2,716$1,804$1,165$735$456$197
37 years$2,613$1,713$1,090$677$413$173
38 years$2,516$1,628$1,021$624$375$153
39 years$2,425$1,548$956$576$340$135
40 years$2,338$1,473$896$531$308$119
41 years$2,255$1,402$841$490$280$104
42 years$2,177$1,335$788$452$254$92
43 years$2,103$1,272$740$417$230$81
44 years$2,032$1,213$694$385$209$72
45 years$1,964$1,156$652$356$190$63
46 years$1,900$1,103$612$329$172$56
47 years$1,838$1,053$575$304$156$49
48 years$1,780$1,005$541$281$142$43
49 years$1,723$960$508$259$129$38
50 years$1,670$917$478$240$117$34

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 $5,733 every year, while hoping to spend $29,840 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: 44/49/7 Blend
29$1,710,000$1,710,000$1,710,000$1,710,000
30$1,890,334$1,799,704$1,773,199$1,969,511
31$2,051,398$1,856,140$1,800,851$2,081,300
32$2,227,891$1,914,341$1,828,430$2,198,861
33$2,421,355$1,974,362$1,855,901$2,325,580
34$2,633,488$2,036,261$1,883,229$2,462,308
35$2,866,160$2,100,094$1,910,374$2,609,980
36$3,121,433$2,165,924$1,937,296$2,769,622
37$3,401,577$2,233,811$1,963,952$2,942,364
38$3,709,090$2,303,820$1,990,297$3,129,448
39$4,046,726$2,376,017$2,016,282$3,332,240
40$4,417,520$2,450,470$2,041,855$3,552,241
41$4,824,813$2,527,248$2,066,963$3,791,105
42$5,272,286$2,606,426$2,091,548$4,050,649
43$5,763,995$2,688,076$2,115,551$4,332,875
44$6,304,407$2,772,276$2,138,906$4,639,982
45$6,898,444$2,859,105$2,161,547$4,974,394
46$7,551,529$2,948,645$2,183,402$5,338,778
47$8,269,636$3,040,979$2,204,397$5,736,067
48$9,059,347$3,136,196$2,224,453$6,169,492
49$9,927,914$3,234,383$2,243,486$6,642,610
50$10,883,328$3,335,634$2,261,409$7,159,336
51$11,934,390$3,440,044$2,278,130$7,723,981
52$13,090,802$3,547,710$2,293,551$8,341,291
53$14,363,249$3,658,733$2,307,570$9,016,493
54$15,763,507$3,773,217$2,320,080$9,755,343
55$17,304,551$3,891,271$2,330,969$10,564,178
56$19,000,676$4,013,004$2,340,117$11,449,978
57$20,867,633$4,138,530$2,347,400$12,420,432
58$22,922,781$4,267,967$2,352,686$13,484,006
59$25,185,243$4,401,435$2,355,840$14,650,025
60$27,676,093$4,539,061$2,356,715$15,928,762
61$30,418,551$4,680,971$2,355,162$17,331,532
62$33,438,204$4,827,300$2,351,021$18,870,796
63$36,763,245$4,978,182$2,344,125$20,560,285
64$40,424,743$5,133,760$2,334,300$22,415,122
65$44,456,931$5,294,178$2,321,363$24,451,968
66$48,897,531$5,459,586$2,305,121$26,689,177
67$53,788,111$5,630,137$2,285,375$29,146,969
68$59,174,475$5,805,991$2,261,912$31,847,620
69$65,107,098$5,987,311$2,234,512$34,815,673
70$71,641,599$6,174,266$2,202,945$38,078,166
71$78,839,266$6,367,029$2,166,968$41,664,889
72$86,767,637$6,565,780$2,126,328$45,608,664
73$95,501,136$6,770,702$2,080,759$49,945,652
74$105,121,772$6,981,987$2,029,985$54,715,697
75$115,719,917$7,199,829$1,973,714$59,962,699
76$127,395,159$7,424,432$1,911,644$65,735,026
77$140,257,238$7,656,001$1,843,457$72,085,975
78$154,427,084$7,894,752$1,768,820$79,074,267
79$170,037,957$8,140,906$1,687,386$86,764,608
80$187,236,708$8,394,690$1,598,793$95,228,292
81$206,185,160$8,656,338$1,502,660$104,543,878
82$227,061,639$8,926,091$1,398,592$114,797,928
83$250,062,655$9,204,198$1,286,173$126,085,824
84$275,404,757$9,490,915$1,164,972$138,512,667
85$303,326,579$9,786,507$1,034,535$152,194,269
86$334,091,089$10,091,244$894,391$167,258,244
87$367,988,072$10,405,407$744,045$183,845,212
88$405,336,868$10,729,285$582,983$202,110,125
89$446,489,383$11,063,174$410,667$222,223,730
90$491,833,411$11,407,380$226,535$244,374,177
91$541,796,296$11,762,219$30,001$268,768,797
92$596,848,965$12,128,015$0$295,636,057
93$657,510,375$12,505,103$0$325,241,138
94$724,352,407$12,893,827$0$357,851,303
95$798,005,269$13,294,542$0$393,770,066
96$879,163,445$13,707,612$0$433,334,356
97$968,592,245$14,133,414$0$476,915,451
98$1,067,135,039$14,572,336$0$524,922,483
99$1,175,721,209$15,024,776$0$577,806,294
100$1,295,374,927$15,491,145$0$636,063,699