Can I retire at age 30 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$142,036$140,771$139,536$138,332$137,155$132,924
2 years$70,315$69,005$67,736$66,506$65,312$61,087
3 years$46,411$45,096$43,830$42,611$41,437$37,349
4 years$34,461$33,150$31,897$30,699$29,553$25,635
5 years$27,293$25,990$24,753$23,580$22,466$18,727
6 years$22,516$21,223$20,004$18,857$17,776$14,221
7 years$19,106$17,823$16,624$15,503$14,457$11,084
8 years$16,549$15,278$14,098$13,005$11,993$8,801
9 years$14,561$13,302$12,143$11,078$10,100$7,085
10 years$12,972$11,725$10,586$9,549$8,606$5,764
11 years$11,672$10,438$9,320$8,310$7,401$4,727
12 years$10,590$9,369$8,271$7,289$6,414$3,901
13 years$9,675$8,466$7,390$6,435$5,593$3,237
14 years$8,892$7,696$6,640$5,713$4,903$2,696
15 years$8,213$7,030$5,995$5,095$4,317$2,254
16 years$7,620$6,450$5,435$4,562$3,815$1,889
17 years$7,098$5,940$4,946$4,099$3,383$1,587
18 years$6,633$5,489$4,515$3,694$3,008$1,336
19 years$6,219$5,087$4,133$3,338$2,681$1,127
20 years$5,846$4,727$3,793$3,023$2,395$951
21 years$5,509$4,403$3,489$2,743$2,143$804
22 years$5,203$4,110$3,216$2,494$1,921$680
23 years$4,924$3,844$2,969$2,272$1,724$576
24 years$4,669$3,602$2,746$2,072$1,550$488
25 years$4,434$3,380$2,543$1,892$1,395$414
26 years$4,218$3,177$2,359$1,730$1,256$351
27 years$4,019$2,990$2,190$1,584$1,133$298
28 years$3,834$2,817$2,036$1,451$1,022$253
29 years$3,661$2,658$1,895$1,331$923$214
30 years$3,501$2,510$1,765$1,221$834$182
31 years$3,352$2,373$1,645$1,121$754$155
32 years$3,212$2,245$1,535$1,031$682$131
33 years$3,080$2,126$1,433$948$617$112
34 years$2,957$2,015$1,339$872$559$95
35 years$2,841$1,911$1,252$803$506$81
36 years$2,732$1,814$1,171$739$459$69
37 years$2,629$1,723$1,096$681$416$58
38 years$2,531$1,637$1,027$628$377$49
39 years$2,439$1,557$962$579$342$42
40 years$2,352$1,481$902$534$310$36
41 years$2,269$1,410$845$493$281$30
42 years$2,190$1,343$793$455$255$26
43 years$2,115$1,280$744$420$232$22
44 years$2,044$1,220$699$388$210$19
45 years$1,976$1,163$656$358$191$16
46 years$1,911$1,110$616$331$173$14
47 years$1,849$1,059$579$305$157$11
48 years$1,790$1,011$544$282$143$10
49 years$1,733$965$511$261$130$8
50 years$1,679$922$481$241$118$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,720,000, adding $2,310 every year, while hoping to spend $45,940 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: 77/16/7 Blend
29$1,720,000$1,720,000$1,720,000$1,720,000
30$1,897,823$1,806,663$1,780,003$2,042,172
31$2,042,521$1,846,309$1,790,753$2,176,934
32$2,200,438$1,886,359$1,800,324$2,318,484
33$2,372,875$1,926,783$1,808,627$2,472,331
34$2,561,263$1,967,549$1,815,570$2,639,675
35$2,767,176$2,008,623$1,821,056$2,821,841
36$2,992,349$2,049,967$1,824,982$3,020,287
37$3,238,692$2,091,539$1,827,242$3,236,619
38$3,508,307$2,133,292$1,827,723$3,472,605
39$3,803,509$2,175,179$1,826,307$3,730,194
40$4,126,849$2,217,145$1,822,871$4,011,531
41$4,481,135$2,259,132$1,817,284$4,318,980
42$4,869,457$2,301,077$1,809,410$4,655,144
43$5,295,224$2,342,911$1,799,106$5,022,892
44$5,762,184$2,384,561$1,786,224$5,425,383
45$6,274,470$2,425,947$1,770,606$5,866,099
46$6,836,632$2,466,985$1,752,087$6,348,875
47$7,453,683$2,507,582$1,730,497$6,877,937
48$8,131,144$2,547,639$1,705,654$7,457,940
49$8,875,097$2,587,050$1,677,370$8,094,014
50$9,692,243$2,625,701$1,645,448$8,791,812
51$10,589,963$2,663,471$1,609,681$9,557,560
52$11,576,386$2,700,229$1,569,852$10,398,122
53$12,660,472$2,735,834$1,525,737$11,321,059
54$13,852,088$2,770,138$1,477,097$12,334,702
55$15,162,107$2,802,980$1,423,685$13,448,232
56$16,602,506$2,834,191$1,365,243$14,671,767
57$18,186,483$2,863,588$1,301,500$16,016,453
58$19,928,577$2,890,976$1,232,173$17,494,577
59$21,844,807$2,916,150$1,156,967$19,119,675
60$23,952,824$2,938,887$1,075,571$20,906,665
61$26,272,074$2,958,954$987,665$22,871,985
62$28,823,983$2,976,100$892,909$25,033,751
63$31,632,159$2,990,060$790,951$27,411,925
64$34,722,616$3,000,549$681,425$30,028,507
65$38,124,014$3,007,268$563,944$32,907,738
66$41,867,936$3,009,896$438,108$36,076,335
67$45,989,178$3,008,094$303,498$39,563,738
68$50,526,085$3,001,501$159,676$43,402,390
69$55,520,905$2,989,734$6,185$47,628,047
70$61,020,194$2,972,387$0$52,280,107
71$67,075,249$2,949,030$0$57,413,765
72$73,742,596$2,919,204$0$63,066,357
73$81,084,522$2,882,425$0$69,290,192
74$89,169,659$2,838,180$0$76,143,421
75$98,073,637$2,785,924$0$83,690,128
76$107,879,795$2,725,081$0$92,000,931
77$118,679,964$2,655,040$0$101,153,653
78$130,575,337$2,575,154$0$111,234,050
79$143,677,424$2,484,739$0$122,336,628
80$158,109,102$2,383,072$0$134,565,532
81$174,005,773$2,269,385$0$148,035,527
82$191,516,644$2,142,867$0$162,873,086
83$210,806,137$2,002,663$0$179,217,583
84$232,055,434$1,847,864$0$197,222,606
85$255,464,192$1,677,513$0$217,057,413
86$281,252,425$1,490,597$0$238,908,522
87$309,662,580$1,286,044$0$262,981,483
88$340,961,828$1,062,725$0$289,502,807
89$375,444,579$819,443$0$318,722,116
90$413,435,267$554,936$0$350,914,492
91$455,291,408$267,872$0$386,383,079
92$501,406,977$0$0$425,461,942
93$552,216,123$0$0$468,526,826
94$608,197,269$0$0$516,027,472
95$669,877,628$0$0$568,364,078
96$737,838,177$0$0$626,029,625
97$812,719,142$0$0$689,567,369
98$895,226,042$0$0$759,575,968
99$986,136,347$0$0$836,715,135
100$1,086,306,816$0$0$921,711,863