Can I retire at age 30 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$127,172$126,039$124,934$123,855$122,802$120,126
2 years$62,956$61,784$60,647$59,546$58,477$55,795
3 years$41,554$40,376$39,243$38,152$37,100$34,495
4 years$30,855$29,681$28,559$27,486$26,460$23,952
5 years$24,437$23,270$22,163$21,112$20,115$17,711
6 years$20,160$19,002$17,911$16,883$15,916$13,619
7 years$17,106$15,958$14,884$13,881$12,944$10,755
8 years$14,817$13,679$12,623$11,644$10,738$8,655
9 years$13,037$11,910$10,872$9,918$9,043$7,065
10 years$11,614$10,498$9,478$8,550$7,705$5,830
11 years$10,451$9,346$8,345$7,441$6,627$4,852
12 years$9,482$8,388$7,406$6,527$5,743$4,066
13 years$8,663$7,580$6,617$5,762$5,008$3,426
14 years$7,961$6,890$5,945$5,115$4,390$2,900
15 years$7,354$6,295$5,368$4,562$3,865$2,463
16 years$6,823$5,775$4,866$4,084$3,416$2,099
17 years$6,355$5,319$4,428$3,670$3,029$1,793
18 years$5,939$4,915$4,042$3,307$2,693$1,535
19 years$5,568$4,555$3,701$2,988$2,400$1,317
20 years$5,234$4,233$3,396$2,707$2,144$1,132
21 years$4,932$3,943$3,124$2,456$1,919$973
22 years$4,658$3,680$2,879$2,233$1,720$838
23 years$4,409$3,442$2,658$2,034$1,544$723
24 years$4,180$3,225$2,459$1,855$1,388$624
25 years$3,970$3,026$2,277$1,694$1,249$538
26 years$3,777$2,844$2,112$1,549$1,125$465
27 years$3,598$2,677$1,961$1,418$1,014$402
28 years$3,432$2,522$1,823$1,299$915$348
29 years$3,278$2,380$1,697$1,191$826$301
30 years$3,135$2,247$1,580$1,093$747$260
31 years$3,001$2,124$1,473$1,004$675$225
32 years$2,875$2,010$1,375$923$611$195
33 years$2,758$1,904$1,283$849$553$169
34 years$2,648$1,804$1,199$781$500$146
35 years$2,544$1,711$1,121$719$453$127
36 years$2,446$1,624$1,049$662$411$110
37 years$2,354$1,543$982$610$372$95
38 years$2,266$1,466$919$562$337$83
39 years$2,184$1,394$861$518$306$72
40 years$2,105$1,326$807$478$277$62
41 years$2,031$1,263$757$441$252$54
42 years$1,961$1,202$710$407$228$47
43 years$1,894$1,146$666$376$207$40
44 years$1,830$1,092$625$347$188$35
45 years$1,769$1,041$587$320$171$30
46 years$1,711$993$552$296$155$26
47 years$1,656$948$518$273$141$23
48 years$1,603$905$487$253$128$20
49 years$1,552$864$458$234$116$17
50 years$1,504$826$430$216$106$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,540,000, adding $4,111 every year, while hoping to spend $35,864 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: 64/15/21 Blend
29$1,540,000$1,540,000$1,540,000$1,540,000
30$1,701,320$1,619,700$1,595,830$1,800,780
31$1,836,696$1,660,907$1,611,132$1,909,441
32$1,984,678$1,702,930$1,625,744$2,023,689
33$2,146,514$1,745,773$1,639,605$2,147,677
34$2,323,579$1,789,436$1,652,652$2,282,361
35$2,517,385$1,833,919$1,664,817$2,428,794
36$2,729,599$1,879,221$1,676,029$2,588,133
37$2,962,054$1,925,340$1,686,212$2,761,658
38$3,216,772$1,972,270$1,695,289$2,950,776
39$3,495,978$2,020,007$1,703,176$3,157,037
40$3,802,123$2,068,542$1,709,787$3,382,149
41$4,137,905$2,117,866$1,715,031$3,627,995
42$4,506,298$2,167,968$1,718,811$3,896,650
43$4,910,577$2,218,835$1,721,027$4,190,399
44$5,354,347$2,270,449$1,721,574$4,511,761
45$5,841,584$2,322,794$1,720,339$4,863,511
46$6,376,663$2,375,849$1,717,208$5,248,708
47$6,964,406$2,429,589$1,712,058$5,670,722
48$7,610,125$2,483,988$1,704,761$6,133,267
49$8,319,670$2,539,016$1,695,184$6,640,438
50$9,099,488$2,594,640$1,683,184$7,196,744
51$9,956,681$2,650,822$1,668,616$7,807,156
52$10,899,073$2,707,523$1,651,325$8,477,153
53$11,935,283$2,764,696$1,631,149$9,212,772
54$13,074,808$2,822,293$1,607,919$10,020,667
55$14,328,112$2,880,259$1,581,458$10,908,171
56$15,706,723$2,938,535$1,551,580$11,883,364
57$17,223,342$2,997,056$1,518,091$12,955,153
58$18,891,964$3,055,753$1,480,788$14,133,353
59$20,728,008$3,114,549$1,439,458$15,428,781
60$22,748,465$3,173,361$1,393,880$16,853,359
61$24,972,053$3,232,101$1,343,820$18,420,224
62$27,419,399$3,290,671$1,289,035$20,143,857
63$30,113,231$3,348,967$1,229,271$22,040,216
64$33,078,591$3,406,876$1,164,262$24,126,886
65$36,343,073$3,464,279$1,093,730$26,423,251
66$39,937,082$3,521,044$1,017,385$28,950,670
67$43,894,120$3,577,031$934,923$31,732,686
68$48,251,105$3,632,090$846,028$34,795,244
69$53,048,716$3,686,061$750,368$38,166,935
70$58,331,777$3,738,770$647,598$41,879,273
71$64,149,682$3,790,033$537,355$45,966,985
72$70,556,856$3,839,652$419,264$50,468,345
73$77,613,276$3,887,415$292,929$55,425,535
74$85,385,028$3,933,096$157,941$60,885,039
75$93,944,938$3,976,455$13,868$66,898,090
76$103,373,253$4,017,233$0$73,521,146
77$113,758,404$4,055,156$0$80,847,775
78$125,197,834$4,089,931$0$88,920,560
79$137,798,922$4,121,247$0$97,812,074
80$151,679,994$4,148,771$0$107,605,716
81$166,971,442$4,172,149$0$118,393,392
82$183,816,951$4,191,006$0$130,276,381
83$202,374,856$4,204,941$0$143,366,290
84$222,819,637$4,213,529$0$157,786,108
85$245,343,565$4,216,317$0$173,671,369
86$270,158,519$4,212,827$0$191,171,429
87$297,497,981$4,202,548$0$210,450,878
88$327,619,241$4,184,939$0$231,691,091
89$360,805,828$4,159,426$0$255,091,946
90$397,370,184$4,125,399$0$280,873,703
91$437,656,613$4,082,214$0$309,279,091
92$482,044,529$4,029,184$0$340,575,595
93$530,952,041$3,965,584$0$375,057,983
94$584,839,898$3,890,646$0$413,051,089
95$644,215,834$3,803,554$0$454,912,880
96$709,639,367$3,703,447$0$501,037,836
97$781,727,076$3,589,409$0$551,860,672
98$861,158,423$3,460,476$0$607,860,446
99$948,682,166$3,315,623$0$669,565,080
100$1,045,123,427$3,153,768$0$737,556,344