Can I retire at age 30 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$130,475$129,313$128,179$127,072$125,991$122,252
2 years$64,592$63,389$62,223$61,092$59,996$56,260
3 years$42,633$41,425$40,262$39,142$38,064$34,448
4 years$31,656$30,452$29,301$28,200$27,147$23,679
5 years$25,072$23,875$22,738$21,660$20,637$17,326
6 years$20,684$19,495$18,376$17,322$16,329$13,178
7 years$17,550$16,372$15,271$14,241$13,280$10,289
8 years$15,202$14,034$12,951$11,947$11,017$8,184
9 years$13,376$12,219$11,154$10,176$9,278$6,601
10 years$11,916$10,771$9,725$8,772$7,905$5,380
11 years$10,722$9,588$8,561$7,634$6,799$4,420
12 years$9,728$8,606$7,598$6,696$5,892$3,656
13 years$8,888$7,777$6,788$5,912$5,138$3,039
14 years$8,168$7,069$6,099$5,248$4,504$2,537
15 years$7,545$6,458$5,507$4,680$3,965$2,125
16 years$7,000$5,925$4,993$4,190$3,505$1,785
17 years$6,520$5,457$4,543$3,765$3,107$1,503
18 years$6,093$5,042$4,147$3,393$2,763$1,268
19 years$5,712$4,673$3,797$3,066$2,463$1,072
20 years$5,370$4,343$3,484$2,777$2,200$907
21 years$5,060$4,045$3,205$2,520$1,969$768
22 years$4,779$3,776$2,954$2,291$1,765$652
23 years$4,523$3,531$2,727$2,087$1,584$553
24 years$4,289$3,309$2,522$1,903$1,424$470
25 years$4,073$3,105$2,336$1,738$1,281$399
26 years$3,875$2,918$2,167$1,589$1,154$339
27 years$3,692$2,746$2,012$1,455$1,040$288
28 years$3,521$2,588$1,870$1,333$939$245
29 years$3,363$2,441$1,741$1,222$848$209
30 years$3,216$2,306$1,621$1,122$766$178
31 years$3,079$2,180$1,512$1,030$692$151
32 years$2,950$2,062$1,410$947$626$129
33 years$2,830$1,953$1,317$871$567$110
34 years$2,716$1,851$1,230$801$513$94
35 years$2,610$1,756$1,150$737$465$80
36 years$2,509$1,666$1,076$679$421$68
37 years$2,415$1,583$1,007$626$382$58
38 years$2,325$1,504$943$577$346$49
39 years$2,240$1,430$884$532$314$42
40 years$2,160$1,361$828$491$285$36
41 years$2,084$1,295$777$453$258$31
42 years$2,012$1,234$728$418$234$26
43 years$1,943$1,175$684$386$213$22
44 years$1,877$1,120$642$356$193$19
45 years$1,815$1,068$603$329$175$16
46 years$1,755$1,019$566$304$159$14
47 years$1,699$973$532$281$144$12
48 years$1,644$929$500$259$131$10
49 years$1,592$887$470$240$119$9
50 years$1,543$847$441$221$108$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,580,000, adding $6,953 every year, while hoping to spend $37,015 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: 68/10/22 Blend
29$1,580,000$1,580,000$1,580,000$1,580,000
30$1,748,332$1,664,592$1,640,102$1,857,070
31$1,887,278$1,706,773$1,655,662$1,972,954
32$2,039,156$1,749,781$1,670,502$2,094,752
33$2,205,246$1,793,616$1,684,560$2,227,113
34$2,386,958$1,838,280$1,697,769$2,371,076
35$2,585,842$1,883,770$1,710,059$2,527,789
36$2,803,608$1,930,085$1,721,356$2,698,516
37$3,042,137$1,977,220$1,731,583$2,884,649
38$3,303,502$2,025,171$1,740,658$3,087,721
39$3,589,985$2,073,930$1,748,496$3,309,422
40$3,904,100$2,123,489$1,755,006$3,551,616
41$4,248,613$2,173,835$1,760,094$3,816,353
42$4,626,576$2,224,957$1,763,662$4,105,895
43$5,041,346$2,276,839$1,765,603$4,422,733
44$5,496,622$2,329,464$1,765,810$4,769,613
45$5,996,481$2,382,810$1,764,168$5,149,561
46$6,545,409$2,436,855$1,760,555$5,565,910
47$7,148,353$2,491,573$1,754,845$6,022,335
48$7,810,759$2,546,934$1,746,907$6,522,885
49$8,538,629$2,602,907$1,736,600$7,072,021
50$9,338,573$2,659,453$1,723,781$7,674,661
51$10,217,876$2,716,535$1,708,296$8,336,225
52$11,184,560$2,774,106$1,689,985$9,062,684
53$12,247,467$2,832,119$1,668,681$9,860,620
54$13,416,336$2,890,520$1,644,209$10,737,286
55$14,701,898$2,949,251$1,616,386$11,700,676
56$16,115,975$3,008,248$1,585,019$12,759,599
57$17,671,595$3,067,443$1,549,907$13,923,764
58$19,383,110$3,126,759$1,510,841$15,203,871
59$21,266,332$3,186,116$1,467,599$16,611,712
60$23,338,688$3,245,425$1,419,953$18,160,281
61$25,619,373$3,304,590$1,367,661$19,863,902
62$28,129,543$3,363,509$1,310,472$21,738,357
63$30,892,506$3,422,071$1,248,122$23,801,042
64$33,933,944$3,480,155$1,180,337$26,071,128
65$37,282,157$3,537,632$1,106,828$28,569,742
66$40,968,326$3,594,365$1,027,296$31,320,169
67$45,026,811$3,650,205$941,426$34,348,068
68$49,495,472$3,704,992$848,891$37,681,721
69$54,416,029$3,758,555$749,347$41,352,294
70$59,834,451$3,810,711$642,437$45,394,135
71$65,801,394$3,861,265$527,788$49,845,098
72$72,372,675$3,910,006$405,008$54,746,900
73$79,609,803$3,956,711$273,690$60,145,517
74$87,580,554$4,001,141$133,410$66,091,617
75$96,359,614$4,043,040$0$72,641,038
76$106,029,282$4,082,137$0$79,859,144
77$116,680,247$4,118,140$0$87,843,598
78$128,412,444$4,150,741$0$96,637,904
79$141,335,995$4,179,609$0$106,324,548
80$155,572,252$4,204,395$0$116,994,428
81$171,254,936$4,224,725$0$128,747,711
82$188,531,405$4,240,202$0$141,694,777
83$207,564,041$4,250,404$0$155,957,263
84$228,531,782$4,254,883$0$171,669,212
85$251,631,813$4,253,161$0$188,978,336
86$277,081,425$4,244,734$0$208,047,408
87$305,120,068$4,229,063$0$229,055,806
88$336,011,607$4,205,579$0$252,201,200
89$370,046,816$4,173,678$0$277,701,418
90$407,546,120$4,132,716$0$305,796,507
91$448,862,620$4,082,016$0$336,750,995
92$494,385,428$4,020,855$0$370,856,387
93$544,543,334$3,948,470$0$408,433,924
94$599,808,861$3,864,052$0$449,837,607
95$660,702,718$3,766,743$0$495,457,545
96$727,798,720$3,655,638$0$545,723,633
97$801,729,199$3,529,774$0$601,109,617
98$883,190,980$3,388,136$0$662,137,559
99$972,951,953$3,229,647$0$729,382,772
100$1,071,858,323$3,053,171$0$803,479,248