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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$143,688$142,408$141,159$139,940$138,750$136,733
2 years$71,132$69,808$68,524$67,279$66,071$64,044
3 years$46,951$45,620$44,339$43,106$41,918$39,943
4 years$34,862$33,536$32,268$31,056$29,897$27,988
5 years$27,611$26,292$25,041$23,854$22,727$20,892
6 years$22,778$21,470$20,237$19,076$17,983$16,223
7 years$19,328$18,030$16,817$15,683$14,625$12,941
8 years$16,741$15,455$14,262$13,156$12,133$10,524
9 years$14,730$13,457$12,284$11,206$10,218$8,683
10 years$13,122$11,861$10,709$9,660$8,706$7,245
11 years$11,808$10,559$9,428$8,407$7,487$6,099
12 years$10,713$9,478$8,367$7,374$6,488$5,170
13 years$9,788$8,565$7,476$6,510$5,658$4,408
14 years$8,995$7,785$6,717$5,779$4,960$3,777
15 years$8,309$7,112$6,065$5,154$4,367$3,248
16 years$7,709$6,525$5,498$4,615$3,860$2,803
17 years$7,180$6,009$5,003$4,146$3,422$2,426
18 years$6,711$5,553$4,567$3,737$3,043$2,105
19 years$6,291$5,146$4,181$3,376$2,712$1,829
20 years$5,914$4,782$3,837$3,058$2,423$1,593
21 years$5,573$4,455$3,530$2,775$2,168$1,389
22 years$5,263$4,158$3,253$2,523$1,943$1,213
23 years$4,981$3,889$3,004$2,298$1,744$1,061
24 years$4,723$3,644$2,778$2,096$1,568$928
25 years$4,486$3,419$2,573$1,914$1,411$813
26 years$4,267$3,214$2,386$1,750$1,271$712
27 years$4,065$3,025$2,216$1,602$1,146$625
28 years$3,878$2,850$2,060$1,468$1,034$548
29 years$3,704$2,689$1,917$1,346$934$481
30 years$3,542$2,539$1,786$1,235$843$423
31 years$3,391$2,400$1,665$1,135$763$372
32 years$3,249$2,271$1,553$1,043$690$327
33 years$3,116$2,151$1,450$959$624$287
34 years$2,991$2,039$1,355$882$565$252
35 years$2,874$1,934$1,267$812$512$222
36 years$2,764$1,835$1,185$748$464$195
37 years$2,659$1,743$1,109$689$420$172
38 years$2,561$1,656$1,039$635$381$151
39 years$2,467$1,575$973$586$346$133
40 years$2,379$1,499$912$540$313$117
41 years$2,295$1,427$855$498$284$103
42 years$2,215$1,359$802$460$258$91
43 years$2,139$1,294$753$425$234$80
44 years$2,067$1,234$707$392$213$70
45 years$1,999$1,177$664$362$193$62
46 years$1,933$1,122$623$334$175$55
47 years$1,871$1,071$585$309$159$48
48 years$1,811$1,023$550$286$145$42
49 years$1,754$977$517$264$131$37
50 years$1,699$933$486$244$119$33

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 $3,841 every year, while hoping to spend $57,500 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: 31/46/23 Blend
29$1,740,000$1,740,000$1,740,000$1,740,000
30$1,921,442$1,829,222$1,802,252$1,967,235
31$2,056,250$1,857,674$1,801,448$2,030,856
32$2,202,880$1,885,594$1,798,690$2,093,884
33$2,362,479$1,912,893$1,793,851$2,160,552
34$2,536,307$1,939,480$1,786,800$2,231,215
35$2,725,751$1,965,254$1,777,398$2,306,266
36$2,932,335$1,990,110$1,765,499$2,386,140
37$3,157,741$2,013,933$1,750,951$2,471,320
38$3,403,817$2,036,602$1,733,594$2,562,341
39$3,672,599$2,057,988$1,713,262$2,659,796
40$3,966,326$2,077,951$1,689,778$2,764,343
41$4,287,466$2,096,346$1,662,960$2,876,710
42$4,638,734$2,113,013$1,632,616$2,997,702
43$5,023,121$2,127,787$1,598,545$3,128,214
44$5,443,919$2,140,488$1,560,536$3,269,234
45$5,904,754$2,150,928$1,518,369$3,421,858
46$6,409,620$2,158,904$1,471,815$3,587,297
47$6,962,913$2,164,202$1,420,633$3,766,893
48$7,569,477$2,166,595$1,364,571$3,962,131
49$8,234,646$2,165,840$1,303,366$4,174,655
50$8,964,293$2,161,679$1,236,742$4,406,281
51$9,764,891$2,153,841$1,164,413$4,659,021
52$10,643,566$2,142,036$1,086,077$4,935,098
53$11,608,169$2,125,955$1,001,420$5,236,972
54$12,667,350$2,105,274$910,115$5,567,362
55$13,830,633$2,079,647$811,818$5,929,274
56$15,108,515$2,048,707$706,171$6,326,033
57$16,512,557$2,012,067$592,801$6,761,311
58$18,055,494$1,969,315$471,317$7,239,170
59$19,751,359$1,920,015$341,310$7,764,094
60$21,615,609$1,863,708$202,356$8,341,043
61$23,665,276$1,799,904$54,009$8,975,492
62$25,919,122$1,728,087$0$9,673,494
63$28,397,820$1,647,711$0$10,467,327
64$31,124,147$1,558,198$0$11,354,587
65$34,123,195$1,458,935$0$12,330,280
66$37,422,615$1,349,276$0$13,403,541
67$41,052,869$1,228,538$0$14,584,444
68$45,047,523$1,095,999$0$15,884,107
69$49,443,561$950,893$0$17,314,795
70$54,281,732$792,415$0$18,890,037
71$59,606,937$619,711$0$20,624,762
72$65,468,650$431,882$0$22,535,433
73$71,921,384$227,976$0$24,640,215
74$79,025,207$6,989$0$26,959,141
75$86,846,308$0$0$29,514,311
76$95,457,617$0$0$32,447,602
77$104,939,499$0$0$35,681,680
78$115,380,507$0$0$39,243,253
79$126,878,218$0$0$43,165,650
80$139,540,157$0$0$47,485,599
81$153,484,805$0$0$52,243,570
82$168,842,721$0$0$57,484,160
83$185,757,771$0$0$63,256,509
84$204,388,490$0$0$69,614,770
85$224,909,569$0$0$76,618,616
86$247,513,513$0$0$84,333,802
87$272,412,449$0$0$92,832,791
88$299,840,131$0$0$102,195,431
89$330,054,148$0$0$112,509,710
90$363,338,350$0$0$123,872,593
91$400,005,529$0$0$136,390,926
92$440,400,370$0$0$150,182,454
93$484,902,704$0$0$165,376,928
94$533,931,094$0$0$182,117,327
95$587,946,782$0$0$200,561,213
96$647,458,043$0$0$220,882,216
97$713,024,984$0$0$243,271,669
98$785,264,830$0$0$267,940,419
99$864,857,745$0$0$295,120,816
100$952,553,259$0$0$325,068,903