Can I retire at age 30 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$123,869$122,765$121,689$120,638$119,612$115,048
2 years$61,321$60,179$59,072$57,999$56,958$52,414
3 years$40,475$39,328$38,224$37,161$36,137$31,755
4 years$30,053$28,910$27,817$26,772$25,773$21,587
5 years$23,802$22,666$21,587$20,564$19,592$15,613
6 years$19,636$18,508$17,446$16,445$15,503$11,733
7 years$16,662$15,543$14,497$13,520$12,608$9,046
8 years$14,432$13,323$12,295$11,342$10,459$7,103
9 years$12,698$11,600$10,590$9,661$8,808$5,652
10 years$11,312$10,225$9,232$8,328$7,505$4,543
11 years$10,179$9,103$8,128$7,247$6,455$3,680
12 years$9,236$8,170$7,213$6,357$5,593$2,999
13 years$8,438$7,384$6,445$5,612$4,878$2,456
14 years$7,754$6,711$5,791$4,982$4,276$2,019
15 years$7,163$6,131$5,228$4,443$3,765$1,665
16 years$6,646$5,625$4,740$3,978$3,327$1,377
17 years$6,190$5,181$4,313$3,574$2,950$1,141
18 years$5,785$4,787$3,937$3,221$2,623$947
19 years$5,423$4,437$3,605$2,911$2,338$787
20 years$5,098$4,123$3,308$2,636$2,088$655
21 years$4,804$3,840$3,043$2,393$1,869$545
22 years$4,537$3,585$2,804$2,175$1,675$454
23 years$4,294$3,353$2,589$1,981$1,504$379
24 years$4,072$3,141$2,395$1,807$1,352$316
25 years$3,867$2,948$2,218$1,650$1,216$264
26 years$3,679$2,770$2,057$1,509$1,096$221
27 years$3,505$2,607$1,910$1,381$988$184
28 years$3,343$2,457$1,776$1,265$891$154
29 years$3,193$2,318$1,652$1,160$805$129
30 years$3,053$2,189$1,539$1,065$727$108
31 years$2,923$2,069$1,435$978$657$90
32 years$2,801$1,958$1,339$899$595$75
33 years$2,686$1,854$1,250$827$538$63
34 years$2,579$1,757$1,168$761$487$53
35 years$2,478$1,667$1,092$700$441$44
36 years$2,382$1,582$1,022$645$400$37
37 years$2,292$1,503$956$594$362$31
38 years$2,207$1,428$895$548$329$26
39 years$2,127$1,358$839$505$298$22
40 years$2,051$1,292$786$466$270$18
41 years$1,978$1,230$737$430$245$15
42 years$1,910$1,171$692$397$222$13
43 years$1,844$1,116$649$366$202$11
44 years$1,782$1,064$609$338$183$9
45 years$1,723$1,014$572$312$166$7
46 years$1,666$968$537$288$151$6
47 years$1,613$923$505$266$137$5
48 years$1,561$882$474$246$125$4
49 years$1,512$842$446$227$113$4
50 years$1,465$804$419$210$103$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,500,000, adding $4,065 every year, while hoping to spend $24,787 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: 70/13/17 Blend
29$1,500,000$1,500,000$1,500,000$1,500,000
30$1,657,193$1,577,693$1,554,443$1,766,267
31$1,799,854$1,628,627$1,580,144$1,890,327
32$1,956,235$1,681,226$1,605,875$2,022,723
33$2,127,710$1,735,545$1,631,611$2,166,999
34$2,315,791$1,791,642$1,657,325$2,324,327
35$2,522,146$1,849,576$1,682,989$2,495,994
36$2,748,607$1,909,408$1,708,572$2,683,420
37$2,997,198$1,971,202$1,734,042$2,888,165
38$3,270,145$2,035,023$1,759,364$3,111,952
39$3,569,900$2,100,939$1,784,503$3,356,675
40$3,899,165$2,169,020$1,809,419$3,624,421
41$4,260,916$2,239,339$1,834,072$3,917,489
42$4,658,434$2,311,971$1,858,418$4,238,411
43$5,095,330$2,386,994$1,882,410$4,589,976
44$5,575,584$2,464,487$1,906,001$4,975,257
45$6,103,581$2,544,534$1,929,140$5,397,639
46$6,684,151$2,627,221$1,951,770$5,860,850
47$7,322,616$2,712,636$1,973,837$6,368,997
48$8,024,840$2,800,873$1,995,277$6,926,607
49$8,797,284$2,892,025$2,016,029$7,538,663
50$9,647,065$2,986,192$2,036,024$8,210,660
51$10,582,026$3,083,476$2,055,191$8,948,648
52$11,610,808$3,183,982$2,073,456$9,759,295
53$12,742,933$3,287,820$2,090,739$10,649,946
54$13,988,891$3,395,101$2,106,957$11,628,694
55$15,360,241$3,505,945$2,122,023$12,704,458
56$16,869,720$3,620,470$2,135,846$13,887,062
57$18,531,362$3,738,804$2,148,327$15,187,334
58$20,360,631$3,861,075$2,159,366$16,617,201
59$22,374,566$3,987,419$2,168,855$18,189,807
60$24,591,942$4,117,973$2,176,683$19,919,635
61$27,033,449$4,252,882$2,182,731$21,822,644
62$29,721,883$4,392,296$2,186,874$23,916,418
63$32,682,365$4,536,368$2,188,984$26,220,333
64$35,942,574$4,685,258$2,188,923$28,755,739
65$39,533,013$4,839,132$2,186,549$31,546,163
66$43,487,292$4,998,162$2,181,710$34,617,530
67$47,842,448$5,162,524$2,174,249$37,998,405
68$52,639,292$5,332,402$2,164,001$41,720,269
69$57,922,798$5,507,987$2,150,793$45,817,807
70$63,742,521$5,689,477$2,134,442$50,329,244
71$70,153,072$5,877,074$2,114,759$55,296,700
72$77,214,626$6,070,992$2,091,545$60,766,588
73$84,993,496$6,271,448$2,064,589$66,790,056
74$93,562,754$6,478,671$2,033,675$73,423,464
75$103,002,924$6,692,895$1,998,572$80,728,921
76$113,402,740$6,914,365$1,959,042$88,774,867
77$124,859,983$7,143,332$1,914,834$97,636,721
78$137,482,405$7,380,059$1,865,684$107,397,593
79$151,388,745$7,624,816$1,811,319$118,149,068
80$166,709,850$7,877,886$1,751,452$129,992,068
81$183,589,911$8,139,558$1,685,782$143,037,811
82$202,187,821$8,410,136$1,613,995$157,408,852
83$222,678,678$8,689,932$1,535,763$173,240,247
84$245,255,435$8,979,270$1,450,742$190,680,824
85$270,130,723$9,278,488$1,358,575$209,894,591
86$297,538,855$9,587,932$1,258,886$231,062,278
87$327,738,043$9,907,966$1,151,284$254,383,052
88$361,012,831$10,238,963$1,035,359$280,076,387
89$397,676,780$10,581,313$910,684$308,384,145
90$438,075,432$10,935,418$776,813$339,572,853
91$482,589,569$11,301,696$633,279$373,936,222
92$531,638,807$11,680,581$479,595$411,797,917
93$585,685,557$12,072,522$315,254$453,514,615
94$645,239,394$12,477,985$139,725$499,479,372
95$710,861,860$12,897,454$0$550,125,332
96$783,171,771$13,331,431$0$605,938,450
97$862,851,055$13,780,435$0$667,463,705
98$950,651,194$14,245,007$0$735,255,493
99$1,047,400,310$14,725,707$0$809,952,702
100$1,154,010,992$15,223,116$0$892,259,382