Can I retire at age 30 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$132,952$131,768$130,613$129,485$128,384$124,424
2 years$65,818$64,592$63,404$62,252$61,135$57,180
3 years$43,443$42,212$41,027$39,886$38,787$34,960
4 years$32,257$31,030$29,857$28,735$27,663$23,995
5 years$25,548$24,328$23,170$22,072$21,029$17,529
6 years$21,076$19,866$18,725$17,651$16,639$13,311
7 years$17,884$16,683$15,561$14,512$13,532$10,375
8 years$15,490$14,300$13,197$12,173$11,226$8,238
9 years$13,630$12,451$11,366$10,369$9,454$6,632
10 years$12,142$10,975$9,909$8,938$8,055$5,395
11 years$10,926$9,770$8,724$7,779$6,928$4,424
12 years$9,913$8,769$7,742$6,823$6,004$3,652
13 years$9,056$7,925$6,917$6,024$5,235$3,030
14 years$8,323$7,204$6,215$5,347$4,589$2,524
15 years$7,688$6,581$5,611$4,769$4,041$2,110
16 years$7,133$6,038$5,088$4,270$3,571$1,769
17 years$6,644$5,560$4,630$3,837$3,166$1,486
18 years$6,209$5,138$4,226$3,458$2,815$1,251
19 years$5,821$4,762$3,869$3,124$2,509$1,055
20 years$5,472$4,425$3,551$2,830$2,242$890
21 years$5,157$4,122$3,266$2,568$2,006$753
22 years$4,870$3,847$3,010$2,335$1,798$637
23 years$4,609$3,598$2,779$2,126$1,614$539
24 years$4,370$3,372$2,570$1,939$1,451$457
25 years$4,151$3,164$2,381$1,771$1,305$387
26 years$3,949$2,974$2,208$1,619$1,176$328
27 years$3,762$2,799$2,050$1,482$1,060$279
28 years$3,588$2,637$1,906$1,358$957$236
29 years$3,427$2,488$1,774$1,245$864$201
30 years$3,277$2,349$1,652$1,143$780$170
31 years$3,137$2,221$1,540$1,050$706$145
32 years$3,006$2,102$1,437$965$638$123
33 years$2,883$1,990$1,342$887$578$104
34 years$2,768$1,886$1,254$816$523$89
35 years$2,659$1,789$1,172$751$474$75
36 years$2,557$1,698$1,096$692$429$64
37 years$2,461$1,613$1,026$638$389$55
38 years$2,369$1,533$961$588$353$46
39 years$2,283$1,457$900$542$320$39
40 years$2,201$1,387$844$500$290$33
41 years$2,123$1,320$791$461$263$28
42 years$2,050$1,257$742$426$239$24
43 years$1,980$1,198$697$393$217$21
44 years$1,913$1,142$654$363$197$17
45 years$1,849$1,089$614$335$179$15
46 years$1,789$1,039$577$309$162$13
47 years$1,731$991$542$286$147$11
48 years$1,675$946$509$264$134$9
49 years$1,623$904$479$244$121$8
50 years$1,572$863$450$226$110$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,610,000, adding $3,184 every year, while hoping to spend $55,008 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: 58/32/10 Blend
29$1,610,000$1,610,000$1,610,000$1,610,000
30$1,777,504$1,692,174$1,667,219$1,876,189
31$1,900,282$1,716,563$1,664,543$1,967,407
32$2,033,739$1,740,303$1,659,934$2,060,344
33$2,178,907$1,763,304$1,653,268$2,160,310
34$2,336,920$1,785,471$1,644,417$2,267,986
35$2,509,027$1,806,700$1,633,247$2,384,120
36$2,696,603$1,826,883$1,619,615$2,509,540
37$2,901,158$1,845,902$1,603,374$2,645,157
38$3,124,356$1,863,632$1,584,367$2,791,978
39$3,368,031$1,879,940$1,562,434$2,951,112
40$3,634,198$1,894,685$1,537,403$3,123,782
41$3,925,076$1,907,714$1,509,096$3,311,338
42$4,243,110$1,918,868$1,477,327$3,515,270
43$4,590,990$1,927,976$1,441,900$3,737,220
44$4,971,679$1,934,855$1,402,612$3,978,999
45$5,388,439$1,939,311$1,359,248$4,242,605
46$5,844,862$1,941,141$1,311,586$4,530,244
47$6,344,905$1,940,124$1,259,391$4,844,345
48$6,892,925$1,936,028$1,202,420$5,187,591
49$7,493,718$1,928,609$1,140,416$5,562,940
50$8,152,571$1,917,604$1,073,113$5,973,655
51$8,875,303$1,902,737$1,000,233$6,423,333
52$9,668,326$1,883,713$921,482$6,915,945
53$10,538,701$1,860,220$836,557$7,455,867
54$11,494,206$1,831,929$745,140$8,047,928
55$12,543,411$1,798,490$646,898$8,697,454
56$13,695,754$1,759,530$541,484$9,410,316
57$14,961,632$1,714,659$428,535$10,192,992
58$16,352,501$1,663,459$307,673$11,052,625
59$17,880,979$1,605,492$178,503$11,997,092
60$19,560,968$1,540,290$40,613$13,035,080
61$21,407,785$1,467,362$0$14,176,168
62$23,438,301$1,386,186$0$15,442,288
63$25,671,109$1,296,210$0$16,839,085
64$28,126,689$1,196,851$0$18,375,116
65$30,827,608$1,087,493$0$20,064,597
66$33,798,729$967,485$0$21,923,200
67$37,067,444$836,137$0$23,968,205
68$40,663,939$692,723$0$26,218,657
69$44,621,467$536,473$0$28,695,555
70$48,976,672$366,576$0$31,422,046
71$53,769,929$182,174$0$34,423,648
72$59,045,723$0$0$37,728,492
73$64,853,073$0$0$41,373,796
74$71,245,990$0$0$45,457,446
75$78,283,989$0$0$49,953,329
76$86,032,647$0$0$54,903,357
77$94,564,224$0$0$60,353,714
78$103,958,344$0$0$66,355,289
79$114,302,745$0$0$72,964,158
80$125,694,105$0$0$80,242,112
81$138,238,956$0$0$88,257,238
82$152,054,690$0$0$97,084,566
83$167,270,663$0$0$106,806,772
84$184,029,416$0$0$117,514,960
85$202,488,023$0$0$129,309,520
86$222,819,566$0$0$142,301,079
87$245,214,777$0$0$156,611,539
88$269,883,829$0$0$172,375,233
89$297,058,325$0$0$189,740,186
90$326,993,479$0$0$208,869,519
91$359,970,528$0$0$229,942,983
92$396,299,382$0$0$253,158,657
93$436,321,554$0$0$278,734,816
94$480,413,375$0$0$306,911,994
95$528,989,554$0$0$337,955,250
96$582,507,084$0$0$372,156,673
97$641,469,560$0$0$409,838,135
98$706,431,933$0$0$451,354,333
99$778,005,740$0$0$497,096,134
100$856,864,885$0$0$547,494,263