Can I retire at age 30 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$127,998$126,857$125,745$124,659$123,599$120,562
2 years$63,365$62,185$61,041$59,932$58,857$55,816
3 years$41,824$40,639$39,498$38,399$37,341$34,391
4 years$31,055$29,874$28,744$27,664$26,632$23,796
5 years$24,596$23,421$22,307$21,249$20,245$17,531
6 years$20,291$19,125$18,027$16,993$16,019$13,429
7 years$17,217$16,061$14,981$13,971$13,028$10,563
8 years$14,913$13,768$12,705$11,720$10,808$8,466
9 years$13,122$11,987$10,943$9,983$9,102$6,882
10 years$11,690$10,566$9,540$8,605$7,755$5,655
11 years$10,519$9,406$8,399$7,489$6,670$4,685
12 years$9,543$8,443$7,454$6,569$5,780$3,908
13 years$8,719$7,630$6,659$5,799$5,040$3,277
14 years$8,013$6,935$5,984$5,148$4,418$2,761
15 years$7,402$6,335$5,402$4,591$3,890$2,334
16 years$6,867$5,813$4,898$4,111$3,438$1,979
17 years$6,396$5,353$4,457$3,694$3,048$1,682
18 years$5,978$4,947$4,069$3,329$2,711$1,433
19 years$5,604$4,584$3,725$3,008$2,416$1,223
20 years$5,268$4,260$3,418$2,724$2,158$1,045
21 years$4,964$3,968$3,144$2,472$1,931$894
22 years$4,689$3,704$2,898$2,248$1,731$766
23 years$4,437$3,464$2,676$2,047$1,554$657
24 years$4,207$3,246$2,475$1,867$1,397$563
25 years$3,996$3,046$2,292$1,705$1,257$484
26 years$3,801$2,863$2,126$1,559$1,132$416
27 years$3,621$2,694$1,974$1,427$1,021$357
28 years$3,455$2,539$1,835$1,308$921$307
29 years$3,300$2,395$1,708$1,199$832$264
30 years$3,155$2,262$1,591$1,100$751$227
31 years$3,020$2,138$1,483$1,011$679$196
32 years$2,894$2,023$1,383$929$615$168
33 years$2,776$1,916$1,292$854$556$145
34 years$2,665$1,816$1,207$786$504$125
35 years$2,560$1,722$1,128$723$456$108
36 years$2,462$1,635$1,056$666$413$93
37 years$2,369$1,553$988$614$374$80
38 years$2,281$1,476$925$566$340$69
39 years$2,198$1,403$867$522$308$59
40 years$2,119$1,335$813$481$279$51
41 years$2,044$1,271$762$444$253$44
42 years$1,973$1,210$715$410$230$38
43 years$1,906$1,153$671$378$209$33
44 years$1,842$1,099$629$349$189$28
45 years$1,780$1,048$591$323$172$24
46 years$1,722$1,000$555$298$156$21
47 years$1,666$954$522$275$142$18
48 years$1,613$911$490$254$129$16
49 years$1,562$870$461$235$117$13
50 years$1,513$831$433$217$106$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,550,000, adding $3,708 every year, while hoping to spend $35,459 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: 47/30/23 Blend
29$1,550,000$1,550,000$1,550,000$1,550,000
30$1,711,925$1,629,775$1,605,750$1,780,990
31$1,848,813$1,671,906$1,621,814$1,871,890
32$1,998,475$1,714,913$1,637,229$1,966,688
33$2,162,178$1,758,801$1,651,933$2,068,869
34$2,341,313$1,803,575$1,665,866$2,179,142
35$2,537,415$1,849,239$1,678,961$2,298,287
36$2,752,175$1,895,795$1,691,150$2,427,162
37$2,987,453$1,943,245$1,702,359$2,566,716
38$3,245,297$1,991,588$1,712,512$2,717,992
39$3,527,965$2,040,823$1,721,529$2,882,139
40$3,837,942$2,090,948$1,729,325$3,060,422
41$4,177,965$2,141,958$1,735,810$3,254,239
42$4,551,050$2,193,846$1,740,893$3,465,126
43$4,960,518$2,246,606$1,744,474$3,694,779
44$5,410,028$2,300,227$1,746,451$3,945,063
45$5,903,609$2,354,696$1,746,715$4,218,038
46$6,445,701$2,410,000$1,745,154$4,515,971
47$7,041,194$2,466,121$1,741,647$4,841,362
48$7,695,475$2,523,040$1,736,072$5,196,964
49$8,414,479$2,580,735$1,728,296$5,585,815
50$9,204,745$2,639,180$1,718,183$6,011,260
51$10,073,475$2,698,346$1,705,588$6,476,987
52$11,028,606$2,758,202$1,690,362$6,987,060
53$12,078,881$2,818,711$1,672,347$7,545,960
54$13,233,933$2,879,833$1,651,376$8,158,623
55$14,504,375$2,941,526$1,627,278$8,830,493
56$15,901,900$3,003,740$1,599,870$9,567,567
57$17,439,392$3,066,421$1,568,965$10,376,456
58$19,131,046$3,129,512$1,534,361$11,264,449
59$20,992,504$3,192,949$1,495,853$12,239,575
60$23,040,998$3,256,663$1,453,223$13,310,689
61$25,295,518$3,320,577$1,406,244$14,487,546
62$27,776,985$3,384,609$1,354,677$15,780,903
63$30,508,453$3,448,671$1,298,275$17,202,611
64$33,515,325$3,512,665$1,236,776$18,765,736
65$36,825,590$3,576,488$1,169,911$20,484,679
66$40,470,091$3,640,027$1,097,394$22,375,310
67$44,482,813$3,703,161$1,018,929$24,455,123
68$48,901,202$3,765,758$934,205$26,743,399
69$53,766,523$3,827,679$842,900$29,261,389
70$59,124,245$3,888,771$744,673$32,032,517
71$65,024,471$3,948,874$639,173$35,082,596
72$71,522,411$4,007,813$526,029$38,440,081
73$78,678,902$4,065,401$404,856$42,136,332
74$86,560,984$4,121,439$275,252$46,205,913
75$95,242,528$4,175,713$136,797$50,686,917
76$104,804,937$4,227,995$0$55,621,332
77$115,337,914$4,278,040$0$61,058,122
78$126,940,306$4,325,588$0$67,081,599
79$139,721,035$4,370,360$0$73,714,486
80$153,800,133$4,412,060$0$81,018,856
81$169,309,867$4,450,371$0$89,063,114
82$186,395,991$4,484,957$0$97,922,647
83$205,219,119$4,515,457$0$107,680,530
84$225,956,245$4,541,490$0$118,428,311
85$248,802,407$4,562,649$0$130,266,882
86$273,972,536$4,578,501$0$143,307,426
87$301,703,474$4,588,587$0$157,672,467
88$332,256,219$4,592,418$0$173,497,032
89$365,918,381$4,589,475$0$190,929,921
90$403,006,904$4,579,207$0$210,135,117
91$443,871,048$4,561,028$0$231,293,332
92$488,895,695$4,534,318$0$254,603,712
93$538,504,974$4,498,418$0$280,285,726
94$593,166,270$4,452,629$0$308,581,227
95$653,394,632$4,396,211$0$339,756,747
96$719,757,638$4,328,379$0$374,106,007
97$792,880,748$4,248,300$0$411,952,697
98$873,453,212$4,155,094$0$453,653,527
99$962,234,573$4,047,828$0$499,601,600
100$1,060,061,842$3,925,514$0$550,230,124