Can I retire at age 30 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$128,823$127,676$126,556$125,464$124,397$119,461
2 years$63,774$62,586$61,435$60,319$59,236$54,325
3 years$42,094$40,901$39,753$38,647$37,582$32,850
4 years$31,256$30,066$28,930$27,843$26,804$22,286
5 years$24,754$23,572$22,451$21,386$20,376$16,085
6 years$20,422$19,249$18,143$17,103$16,123$12,061
7 years$17,328$16,165$15,077$14,061$13,112$9,278
8 years$15,009$13,856$12,787$11,795$10,878$7,267
9 years$13,206$12,064$11,013$10,047$9,161$5,768
10 years$11,765$10,634$9,602$8,661$7,805$4,625
11 years$10,586$9,467$8,453$7,537$6,713$3,737
12 years$9,605$8,497$7,502$6,611$5,817$3,037
13 years$8,775$7,679$6,702$5,837$5,073$2,480
14 years$8,065$6,980$6,022$5,181$4,447$2,034
15 years$7,449$6,376$5,437$4,621$3,915$1,672
16 years$6,911$5,850$4,930$4,137$3,460$1,379
17 years$6,437$5,388$4,486$3,717$3,068$1,139
18 years$6,016$4,979$4,095$3,350$2,728$942
19 years$5,640$4,614$3,749$3,027$2,432$781
20 years$5,302$4,288$3,440$2,742$2,172$648
21 years$4,996$3,994$3,164$2,488$1,944$538
22 years$4,719$3,728$2,917$2,262$1,742$447
23 years$4,466$3,487$2,693$2,060$1,564$372
24 years$4,235$3,267$2,491$1,879$1,406$309
25 years$4,022$3,066$2,307$1,716$1,265$257
26 years$3,826$2,881$2,139$1,569$1,139$214
27 years$3,645$2,712$1,987$1,436$1,027$178
28 years$3,477$2,555$1,847$1,316$927$149
29 years$3,321$2,411$1,719$1,207$837$124
30 years$3,175$2,276$1,601$1,108$756$103
31 years$3,040$2,152$1,492$1,017$684$86
32 years$2,913$2,036$1,392$935$618$72
33 years$2,794$1,928$1,300$860$560$60
34 years$2,682$1,828$1,215$791$507$50
35 years$2,577$1,733$1,136$728$459$42
36 years$2,478$1,645$1,062$671$416$35
37 years$2,384$1,563$994$618$377$29
38 years$2,296$1,485$931$569$342$24
39 years$2,212$1,412$872$525$310$20
40 years$2,133$1,344$818$484$281$17
41 years$2,058$1,279$767$447$255$14
42 years$1,986$1,218$719$412$231$12
43 years$1,918$1,161$675$381$210$10
44 years$1,854$1,106$634$351$191$8
45 years$1,792$1,055$595$325$173$7
46 years$1,733$1,006$559$300$157$6
47 years$1,677$960$525$277$143$5
48 years$1,623$917$493$256$130$4
49 years$1,572$875$464$237$118$3
50 years$1,523$836$436$219$107$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,560,000, adding $2,776 every year, while hoping to spend $30,763 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: 67/14/19 Blend
29$1,560,000$1,560,000$1,560,000$1,560,000
30$1,721,983$1,639,303$1,615,123$1,829,078
31$1,864,894$1,686,898$1,636,498$1,948,685
32$2,021,351$1,735,793$1,657,559$2,075,603
33$2,192,702$1,786,021$1,678,261$2,213,647
34$2,380,435$1,837,613$1,698,559$2,363,910
35$2,586,184$1,890,601$1,718,406$2,527,594
36$2,811,753$1,945,018$1,737,751$2,706,026
37$3,059,126$2,000,898$1,756,539$2,900,666
38$3,330,489$2,058,274$1,774,716$3,113,120
39$3,628,250$2,117,181$1,792,220$3,345,162
40$3,955,061$2,177,652$1,808,989$3,598,741
41$4,313,844$2,239,724$1,824,956$3,876,007
42$4,707,817$2,303,431$1,840,053$4,179,329
43$5,140,525$2,368,810$1,854,205$4,511,313
44$5,615,873$2,435,896$1,867,336$4,874,834
45$6,138,163$2,504,726$1,879,363$5,273,058
46$6,712,136$2,575,338$1,890,202$5,709,473
47$7,343,011$2,647,767$1,899,761$6,187,922
48$8,036,543$2,722,053$1,907,948$6,712,639
49$8,799,068$2,798,231$1,914,662$7,288,291
50$9,637,569$2,876,340$1,919,799$7,920,016
51$10,559,738$2,956,418$1,923,249$8,613,480
52$11,574,052$3,038,502$1,924,898$9,374,923
53$12,689,847$3,122,632$1,924,625$10,211,223
54$13,917,415$3,208,843$1,922,302$11,129,956
55$15,268,089$3,297,175$1,917,798$12,139,473
56$16,754,363$3,387,665$1,910,972$13,248,973
57$18,389,997$3,480,349$1,901,679$14,468,597
58$20,190,157$3,575,267$1,889,766$15,809,516
59$22,171,551$3,672,453$1,875,071$17,284,040
60$24,352,590$3,771,944$1,857,427$18,905,735
61$26,753,560$3,873,776$1,836,657$20,689,551
62$29,396,816$3,977,983$1,812,577$22,651,961
63$32,306,986$4,084,599$1,784,994$24,811,117
64$35,511,213$4,193,659$1,753,705$27,187,025
65$39,039,401$4,305,193$1,718,499$29,801,729
66$42,924,505$4,419,232$1,679,154$32,679,520
67$47,202,837$4,535,807$1,635,438$35,847,168
68$51,914,410$4,654,945$1,587,108$39,334,174
69$57,103,315$4,776,673$1,533,912$43,173,046
70$62,818,138$4,901,014$1,475,583$47,399,609
71$69,112,417$5,027,993$1,411,843$52,053,340
72$76,045,147$5,157,628$1,342,404$57,177,746
73$83,681,339$5,289,938$1,266,961$62,820,768
74$92,092,629$5,424,939$1,185,198$69,035,240
75$101,357,958$5,562,642$1,096,783$75,879,384
76$111,564,315$5,703,057$1,001,370$83,417,360
77$122,807,557$5,846,189$898,599$91,719,875
78$135,193,317$5,992,041$788,090$100,864,847
79$148,837,994$6,140,610$669,450$110,938,141
80$163,869,860$6,291,890$542,267$122,034,385
81$180,430,263$6,445,870$406,111$134,257,854
82$198,674,967$6,602,534$260,532$147,723,466
83$218,775,615$6,761,861$105,062$162,557,858
84$240,921,358$6,923,822$0$178,900,586
85$265,320,632$7,088,384$0$196,917,779
86$292,203,128$7,255,507$0$216,790,113
87$321,821,962$7,425,142$0$238,683,144
88$354,456,062$7,597,233$0$262,802,806
89$390,412,800$7,771,718$0$289,376,036
90$430,030,895$7,948,522$0$318,652,911
91$473,683,610$8,127,563$0$350,909,012
92$521,782,273$8,308,748$0$386,448,027
93$574,780,162$8,491,974$0$425,604,612
94$633,176,783$8,677,125$0$468,747,555
95$697,522,584$8,864,073$0$516,283,253
96$768,424,152$9,052,677$0$568,659,554
97$846,549,940$9,242,783$0$626,369,979
98$932,636,574$9,434,219$0$689,958,382
99$1,027,495,808$9,626,799$0$760,024,085
100$1,132,022,189$9,820,321$0$837,227,539