Can I retire at age 30 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$133,778$132,586$131,424$130,289$129,181$126,521
2 years$66,227$64,993$63,798$62,639$61,515$58,847
3 years$43,713$42,474$41,282$40,133$39,028$36,435
4 years$32,458$31,223$30,042$28,914$27,835$25,338
5 years$25,707$24,479$23,314$22,209$21,160$18,765
6 years$21,207$19,989$18,841$17,760$16,743$14,453
7 years$17,995$16,787$15,657$14,602$13,616$11,432
8 years$15,586$14,389$13,279$12,249$11,296$9,217
9 years$13,714$12,528$11,437$10,434$9,513$7,537
10 years$12,217$11,043$9,971$8,994$8,106$6,231
11 years$10,994$9,831$8,778$7,827$6,971$5,196
12 years$9,974$8,824$7,790$6,866$6,041$4,363
13 years$9,113$7,974$6,960$6,061$5,268$3,683
14 years$8,375$7,248$6,254$5,381$4,618$3,124
15 years$7,736$6,622$5,646$4,798$4,066$2,659
16 years$7,177$6,075$5,119$4,297$3,593$2,271
17 years$6,685$5,595$4,658$3,860$3,186$1,944
18 years$6,248$5,170$4,252$3,479$2,833$1,668
19 years$5,857$4,791$3,893$3,144$2,525$1,434
20 years$5,506$4,452$3,573$2,847$2,255$1,235
21 years$5,189$4,147$3,286$2,584$2,018$1,065
22 years$4,900$3,871$3,029$2,349$1,809$919
23 years$4,638$3,621$2,797$2,140$1,624$794
24 years$4,397$3,392$2,586$1,951$1,460$687
25 years$4,177$3,184$2,395$1,782$1,314$595
26 years$3,973$2,992$2,222$1,630$1,183$515
27 years$3,785$2,816$2,063$1,492$1,067$446
28 years$3,611$2,653$1,918$1,367$963$387
29 years$3,449$2,503$1,785$1,253$869$335
30 years$3,298$2,364$1,662$1,150$785$291
31 years$3,157$2,235$1,550$1,056$710$253
32 years$3,025$2,115$1,446$971$642$219
33 years$2,901$2,003$1,350$893$581$190
34 years$2,785$1,898$1,261$821$526$165
35 years$2,676$1,800$1,179$756$477$144
36 years$2,573$1,709$1,103$696$432$125
37 years$2,476$1,623$1,033$642$391$108
38 years$2,384$1,542$967$591$355$94
39 years$2,297$1,467$906$545$322$82
40 years$2,215$1,395$849$503$292$71
41 years$2,137$1,328$796$464$265$62
42 years$2,062$1,265$747$428$240$54
43 years$1,992$1,205$701$395$218$47
44 years$1,925$1,149$658$365$198$41
45 years$1,861$1,095$618$337$180$35
46 years$1,800$1,045$580$311$163$31
47 years$1,742$997$545$288$148$27
48 years$1,686$952$512$266$135$23
49 years$1,633$909$481$246$122$20
50 years$1,582$868$453$227$111$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,620,000, adding $3,117 every year, while hoping to spend $42,274 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: 34/46/20 Blend
29$1,620,000$1,620,000$1,620,000$1,620,000
30$1,788,455$1,702,595$1,677,485$1,838,199
31$1,925,898$1,741,043$1,688,702$1,913,648
32$2,075,944$1,779,958$1,698,877$1,990,839
33$2,239,833$1,819,319$1,707,932$2,073,203
34$2,418,931$1,859,100$1,715,783$2,161,223
35$2,614,742$1,899,276$1,722,341$2,255,431
36$2,828,921$1,939,817$1,727,516$2,356,414
37$3,063,293$1,980,689$1,731,209$2,464,820
38$3,319,863$2,021,858$1,733,319$2,581,363
39$3,600,844$2,063,283$1,733,740$2,706,830
40$3,908,668$2,104,923$1,732,359$2,842,089
41$4,246,018$2,146,729$1,729,059$2,988,098
42$4,615,846$2,188,653$1,723,716$3,145,914
43$5,021,403$2,230,637$1,716,201$3,316,701
44$5,466,271$2,272,624$1,706,379$3,501,745
45$5,954,395$2,314,547$1,694,107$3,702,464
46$6,490,121$2,356,337$1,679,237$3,920,422
47$7,078,234$2,397,919$1,661,612$4,157,342
48$7,724,008$2,439,211$1,641,071$4,415,128
49$8,433,250$2,480,126$1,617,440$4,695,880
50$9,212,359$2,520,569$1,590,542$5,001,910
51$10,068,384$2,560,441$1,560,188$5,335,774
52$11,009,087$2,599,631$1,526,183$5,700,287
53$12,043,026$2,638,024$1,488,322$6,098,557
54$13,179,622$2,675,496$1,446,389$6,534,010
55$14,429,261$2,711,912$1,400,159$7,010,426
56$15,803,379$2,747,129$1,349,399$7,531,974
57$17,314,582$2,780,997$1,293,862$8,103,250
58$18,976,753$2,813,350$1,233,290$8,729,327
59$20,805,193$2,844,015$1,167,416$9,415,797
60$22,816,758$2,872,806$1,095,959$10,168,829
61$25,030,019$2,899,525$1,018,626$10,995,224
62$27,465,440$2,923,961$935,109$11,902,486
63$30,145,568$2,945,889$845,089$12,898,887
64$33,095,247$2,965,068$748,230$13,993,551
65$36,341,850$2,981,245$644,184$15,196,540
66$39,915,540$2,994,147$532,585$16,518,949
67$43,849,552$3,003,487$413,053$17,973,011
68$48,180,505$3,008,956$285,189$19,572,219
69$52,948,751$3,010,230$148,578$21,331,449
70$58,198,755$3,006,963$2,787$23,267,103
71$63,979,510$2,998,786$0$25,397,267
72$70,345,003$2,985,309$0$27,774,493
73$77,354,723$2,966,119$0$30,390,913
74$85,074,223$2,940,777$0$33,270,282
75$93,575,734$2,908,816$0$36,439,439
76$102,938,855$2,869,743$0$39,927,966
77$113,251,292$2,823,035$0$43,768,475
78$124,609,698$2,768,138$0$47,996,910
79$137,120,575$2,704,464$0$52,652,891
80$150,901,282$2,631,392$0$57,780,090
81$166,081,146$2,548,263$0$63,426,643
82$182,802,676$2,454,380$0$69,645,610
83$201,222,911$2,349,007$0$76,495,473
84$221,514,902$2,231,363$0$84,040,694
85$243,869,345$2,100,623$0$92,352,323
86$268,496,379$1,955,914$0$101,508,672
87$295,627,570$1,796,314$0$111,596,060
88$325,518,096$1,620,847$0$122,709,623
89$358,449,155$1,428,482$0$134,954,224
90$394,730,622$1,218,131$0$148,445,438
91$434,703,967$988,641$0$163,310,652
92$478,745,484$738,797$0$179,690,267
93$527,269,840$467,314$0$197,739,030
94$580,733,988$172,837$0$217,627,497
95$639,641,482$0$0$239,543,645
96$704,547,228$0$0$263,768,594
97$776,062,723$0$0$290,557,368
98$854,861,826$0$0$320,074,955
99$941,687,121$0$0$352,599,579
100$1,037,356,921$0$0$388,437,840