Can I retire at age 30 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$147,817$146,500$145,215$143,961$142,737$142,016
2 years$73,176$71,814$70,493$69,212$67,970$67,243
3 years$48,300$46,931$45,614$44,345$43,123$42,411
4 years$35,864$34,499$33,195$31,948$30,756$30,065
5 years$28,404$27,048$25,761$24,539$23,380$22,713
6 years$23,433$22,087$20,818$19,624$18,500$17,857
7 years$19,883$18,548$17,300$16,134$15,045$14,427
8 years$17,222$15,899$14,672$13,534$12,482$11,888
9 years$15,153$13,843$12,637$11,528$10,511$9,942
10 years$13,500$12,202$11,017$9,938$8,956$8,411
11 years$12,147$10,863$9,699$8,649$7,703$7,182
12 years$11,021$9,750$8,608$7,586$6,675$6,177
13 years$10,069$8,811$7,691$6,697$5,821$5,346
14 years$9,254$8,009$6,910$5,945$5,102$4,650
15 years$8,548$7,316$6,239$5,302$4,492$4,062
16 years$7,930$6,713$5,656$4,747$3,970$3,561
17 years$7,386$6,182$5,147$4,265$3,520$3,132
18 years$6,903$5,713$4,699$3,844$3,130$2,762
19 years$6,472$5,294$4,301$3,473$2,790$2,441
20 years$6,084$4,920$3,948$3,146$2,492$2,162
21 years$5,733$4,583$3,631$2,855$2,230$1,918
22 years$5,415$4,278$3,347$2,596$1,999$1,704
23 years$5,125$4,001$3,090$2,364$1,794$1,516
24 years$4,859$3,748$2,858$2,156$1,613$1,350
25 years$4,615$3,518$2,647$1,969$1,451$1,204
26 years$4,390$3,306$2,455$1,801$1,307$1,075
27 years$4,182$3,111$2,279$1,648$1,179$960
28 years$3,990$2,932$2,119$1,510$1,064$858
29 years$3,810$2,766$1,972$1,385$960$767
30 years$3,644$2,612$1,837$1,271$868$687
31 years$3,488$2,469$1,712$1,167$785$615
32 years$3,342$2,336$1,598$1,073$710$551
33 years$3,206$2,213$1,492$986$642$494
34 years$3,077$2,097$1,394$908$581$442
35 years$2,957$1,989$1,303$835$527$397
36 years$2,843$1,888$1,219$769$477$356
37 years$2,736$1,793$1,141$709$432$319
38 years$2,634$1,704$1,069$653$392$287
39 years$2,538$1,620$1,001$602$356$257
40 years$2,447$1,542$938$556$323$231
41 years$2,361$1,468$880$513$293$207
42 years$2,279$1,398$825$473$265$186
43 years$2,201$1,332$774$437$241$167
44 years$2,127$1,269$727$403$219$150
45 years$2,056$1,210$683$372$199$135
46 years$1,989$1,155$641$344$180$121
47 years$1,924$1,102$602$318$164$109
48 years$1,863$1,052$566$294$149$98
49 years$1,804$1,005$532$271$135$88
50 years$1,748$960$500$251$123$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,790,000, adding $6,814 every year, while hoping to spend $23,288 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: 73/22/5 Blend
29$1,790,000$1,790,000$1,790,000$1,790,000
30$1,979,609$1,884,739$1,856,994$2,122,825
31$2,156,750$1,952,313$1,894,425$2,285,622
32$2,351,180$2,022,417$1,932,329$2,460,238
33$2,564,637$2,095,152$1,970,698$2,650,794
34$2,799,035$2,170,620$2,009,522$2,858,853
35$3,056,486$2,248,929$2,048,790$3,086,138
36$3,339,313$2,330,192$2,088,490$3,334,543
37$3,650,077$2,414,526$2,128,609$3,606,155
38$3,991,599$2,502,051$2,169,131$3,903,271
39$4,366,986$2,592,896$2,210,041$4,228,418
40$4,779,662$2,687,192$2,251,321$4,584,381
41$5,233,400$2,785,076$2,292,952$4,974,226
42$5,732,354$2,886,692$2,334,914$5,401,326
43$6,281,104$2,992,190$2,377,183$5,869,400
44$6,884,694$3,101,725$2,419,736$6,382,540
45$7,548,682$3,215,458$2,462,547$6,945,253
46$8,279,192$3,333,560$2,505,586$7,562,503
47$9,082,971$3,456,206$2,548,825$8,239,758
48$9,967,454$3,583,580$2,592,230$8,983,039
49$10,940,831$3,715,872$2,635,767$9,798,977
50$12,012,129$3,853,283$2,679,398$10,694,878
51$13,191,292$3,996,020$2,723,084$11,678,788
52$14,489,279$4,144,300$2,766,782$12,759,571
53$15,918,163$4,298,348$2,810,447$13,946,989
54$17,491,249$4,458,401$2,854,031$15,251,797
55$19,223,197$4,624,703$2,897,481$16,685,843
56$21,130,161$4,797,511$2,940,745$18,262,178
57$23,229,940$4,977,092$2,983,762$19,995,180
58$25,542,148$5,163,724$3,026,473$21,900,689
59$28,088,399$5,357,698$3,068,811$23,996,156
60$30,892,507$5,559,317$3,110,708$26,300,805
61$33,980,716$5,768,896$3,152,089$28,835,817
62$37,381,942$5,986,766$3,192,878$31,624,528
63$41,128,053$6,213,269$3,232,992$34,692,647
64$45,254,161$6,448,766$3,272,344$38,068,500
65$49,798,960$6,693,631$3,310,842$41,783,297
66$54,805,088$6,948,253$3,348,389$45,871,423
67$60,319,530$7,213,040$3,384,884$50,370,766
68$66,394,061$7,488,418$3,420,217$55,323,068
69$73,085,736$7,774,831$3,454,274$60,774,325
70$80,457,425$8,072,742$3,486,937$66,775,214
71$88,578,410$8,382,634$3,518,077$73,381,575
72$97,525,037$8,705,012$3,547,561$80,654,935
73$107,381,437$9,040,404$3,575,250$88,663,089
74$118,240,317$9,389,357$3,600,995$97,480,735
75$130,203,842$9,752,448$3,624,641$107,190,186
76$143,384,591$10,130,275$3,646,023$117,882,136
77$157,906,625$10,523,465$3,664,971$129,656,525
78$173,906,656$10,932,669$3,681,302$142,623,473
79$191,535,337$11,358,572$3,694,828$156,904,322
80$210,958,685$11,801,886$3,705,349$172,632,780
81$232,359,646$12,263,354$3,712,654$189,956,183
82$255,939,826$12,743,755$3,716,524$209,036,881
83$281,921,389$13,243,899$3,716,727$230,053,773
84$310,549,155$13,764,634$3,713,022$253,203,990
85$342,092,915$14,306,847$3,705,154$278,704,759
86$376,849,972$14,871,463$3,692,857$306,795,450
87$415,147,952$15,459,447$3,675,850$337,739,832
88$457,347,893$16,071,810$3,653,841$371,828,566
89$503,847,656$16,709,607$3,626,523$409,381,942
90$555,085,678$17,373,939$3,593,573$450,752,903
91$611,545,114$18,065,959$3,554,654$496,330,377
92$673,758,394$18,786,869$3,509,414$546,542,943
93$742,312,253$19,537,929$3,457,482$601,862,876
94$817,853,266$20,320,451$3,398,471$662,810,604
95$901,093,956$21,135,809$3,331,976$729,959,620
96$992,819,514$21,985,439$3,257,572$803,941,889
97$1,093,895,220$22,870,840$3,174,816$885,453,818
98$1,205,274,604$23,793,583$3,083,244$975,262,820
99$1,328,008,450$24,755,305$2,982,369$1,074,214,566
100$1,463,254,717$25,757,720$2,871,683$1,183,240,954