Can I retire at age 30 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$143,688$142,408$141,159$139,940$138,750$137,587
2 years$71,132$69,808$68,524$67,279$66,071$64,900
3 years$46,951$45,620$44,339$43,106$41,918$40,774
4 years$34,862$33,536$32,268$31,056$29,897$28,788
5 years$27,611$26,292$25,041$23,854$22,727$21,658
6 years$22,778$21,470$20,237$19,076$17,983$16,954
7 years$19,328$18,030$16,817$15,683$14,625$13,637
8 years$16,741$15,455$14,262$13,156$12,133$11,186
9 years$14,730$13,457$12,284$11,206$10,218$9,312
10 years$13,122$11,861$10,709$9,660$8,706$7,840
11 years$11,808$10,559$9,428$8,407$7,487$6,661
12 years$10,713$9,478$8,367$7,374$6,488$5,701
13 years$9,788$8,565$7,476$6,510$5,658$4,909
14 years$8,995$7,785$6,717$5,779$4,960$4,247
15 years$8,309$7,112$6,065$5,154$4,367$3,691
16 years$7,709$6,525$5,498$4,615$3,860$3,218
17 years$7,180$6,009$5,003$4,146$3,422$2,815
18 years$6,711$5,553$4,567$3,737$3,043$2,468
19 years$6,291$5,146$4,181$3,376$2,712$2,169
20 years$5,914$4,782$3,837$3,058$2,423$1,910
21 years$5,573$4,455$3,530$2,775$2,168$1,684
22 years$5,263$4,158$3,253$2,523$1,943$1,487
23 years$4,981$3,889$3,004$2,298$1,744$1,315
24 years$4,723$3,644$2,778$2,096$1,568$1,164
25 years$4,486$3,419$2,573$1,914$1,411$1,032
26 years$4,267$3,214$2,386$1,750$1,271$915
27 years$4,065$3,025$2,216$1,602$1,146$812
28 years$3,878$2,850$2,060$1,468$1,034$721
29 years$3,704$2,689$1,917$1,346$934$641
30 years$3,542$2,539$1,786$1,235$843$570
31 years$3,391$2,400$1,665$1,135$763$507
32 years$3,249$2,271$1,553$1,043$690$451
33 years$3,116$2,151$1,450$959$624$402
34 years$2,991$2,039$1,355$882$565$358
35 years$2,874$1,934$1,267$812$512$319
36 years$2,764$1,835$1,185$748$464$284
37 years$2,659$1,743$1,109$689$420$253
38 years$2,561$1,656$1,039$635$381$226
39 years$2,467$1,575$973$586$346$201
40 years$2,379$1,499$912$540$313$179
41 years$2,295$1,427$855$498$284$160
42 years$2,215$1,359$802$460$258$143
43 years$2,139$1,294$753$425$234$127
44 years$2,067$1,234$707$392$213$114
45 years$1,999$1,177$664$362$193$101
46 years$1,933$1,122$623$334$175$90
47 years$1,871$1,071$585$309$159$81
48 years$1,811$1,023$550$286$145$72
49 years$1,754$977$517$264$131$64
50 years$1,699$933$486$244$119$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,740,000, adding $6,181 every year, while hoping to spend $31,797 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: 33/38/29 Blend
29$1,740,000$1,740,000$1,740,000$1,740,000
30$1,923,856$1,831,636$1,804,666$1,970,246
31$2,086,257$1,887,554$1,831,290$2,062,068
32$2,264,158$1,945,147$1,857,741$2,157,714
33$2,459,105$2,004,462$1,883,979$2,260,185
34$2,672,803$2,065,550$1,909,961$2,370,107
35$2,907,129$2,128,462$1,935,645$2,488,170
36$3,164,150$2,193,250$1,960,982$2,615,133
37$3,446,142$2,259,968$1,985,924$2,751,830
38$3,755,613$2,328,672$2,010,417$2,899,180
39$4,095,327$2,399,418$2,034,408$3,058,193
40$4,468,326$2,472,264$2,057,835$3,229,982
41$4,877,961$2,547,272$2,080,639$3,415,772
42$5,327,927$2,624,501$2,102,754$3,616,910
43$5,822,289$2,704,016$2,124,111$3,834,880
44$6,365,531$2,785,881$2,144,636$4,071,315
45$6,962,588$2,870,162$2,164,255$4,328,016
46$7,618,900$2,956,928$2,182,885$4,606,963
47$8,340,459$3,046,249$2,200,443$4,910,338
48$9,133,867$3,138,195$2,216,838$5,240,543
49$10,006,396$3,232,842$2,231,978$5,600,224
50$10,966,061$3,330,264$2,245,761$5,992,297
51$12,021,691$3,430,538$2,258,086$6,419,972
52$13,183,013$3,533,745$2,268,842$6,886,785
53$14,460,746$3,639,964$2,277,914$7,396,632
54$15,866,700$3,749,280$2,285,181$7,953,805
55$17,413,886$3,861,777$2,290,517$8,563,033
56$19,116,642$3,977,543$2,293,789$9,229,523
57$20,990,764$4,096,668$2,294,856$9,959,016
58$23,053,661$4,219,243$2,293,572$10,757,833
59$25,324,510$4,345,362$2,289,783$11,632,940
60$27,824,447$4,475,122$2,283,327$12,592,015
61$30,576,757$4,608,620$2,274,036$13,643,512
62$33,607,101$4,745,957$2,261,731$14,796,752
63$36,943,753$4,887,236$2,246,226$16,062,001
64$40,617,868$5,032,563$2,227,327$17,450,574
65$44,663,778$5,182,045$2,204,829$18,974,937
66$49,119,311$5,335,793$2,178,519$20,648,827
67$54,026,153$5,493,919$2,148,172$22,487,382
68$59,430,238$5,656,539$2,113,553$24,507,281
69$65,382,182$5,823,769$2,074,417$26,726,905
70$71,937,761$5,995,731$2,030,507$29,166,508
71$79,158,438$6,172,547$1,981,553$31,848,411
72$87,111,939$6,354,342$1,927,276$34,797,209
73$95,872,896$6,541,244$1,867,379$38,040,005
74$105,523,550$6,733,383$1,801,555$41,606,667
75$116,154,527$6,930,894$1,729,481$45,530,109
76$127,865,692$7,133,911$1,650,822$49,846,601
77$140,767,093$7,342,573$1,565,225$54,596,114
78$154,979,998$7,557,021$1,472,323$59,822,693
79$170,638,042$7,777,399$1,371,730$65,574,879
80$187,888,484$8,003,854$1,263,044$71,906,162
81$206,893,600$8,236,533$1,145,847$78,875,490
82$227,832,214$8,475,589$1,019,699$86,547,822
83$250,901,383$8,721,177$884,142$94,994,744
84$276,318,261$8,973,451$738,698$104,295,148
85$304,322,146$9,232,573$582,867$114,535,969
86$335,176,740$9,498,704$416,127$125,813,014
87$369,172,634$9,772,007$237,935$138,231,862
88$406,630,058$10,052,651$47,721$151,908,864
89$447,901,896$10,340,803$0$166,972,239
90$493,377,022$10,636,635$0$183,611,336
91$543,483,969$10,940,320$0$201,952,704
92$598,694,972$11,252,035$0$222,153,365
93$659,530,431$11,571,956$0$244,402,634
94$726,563,816$11,900,263$0$268,909,132
95$800,427,087$12,237,138$0$295,902,747
96$881,816,655$12,582,763$0$325,636,806
97$971,499,959$12,937,323$0$358,390,469
98$1,070,322,706$13,301,003$0$394,471,358
99$1,179,216,861$13,673,991$0$434,218,463
100$1,299,209,438$14,056,474$0$478,005,341