Can I retire at age 30 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$137,081$135,860$134,669$133,506$132,371$129,539
2 years$67,862$66,598$65,373$64,186$63,034$60,195
3 years$44,792$43,523$42,301$41,124$39,991$37,234
4 years$33,259$31,994$30,784$29,628$28,522$25,867
5 years$26,341$25,083$23,890$22,757$21,682$19,137
6 years$21,731$20,483$19,306$18,199$17,156$14,724
7 years$18,439$17,201$16,044$14,962$13,953$11,633
8 years$15,971$14,745$13,606$12,552$11,575$9,368
9 years$14,053$12,838$11,719$10,691$9,748$7,652
10 years$12,519$11,316$10,217$9,216$8,306$6,318
11 years$11,265$10,074$8,995$8,021$7,143$5,262
12 years$10,221$9,042$7,983$7,035$6,190$4,412
13 years$9,338$8,171$7,132$6,211$5,398$3,720
14 years$8,582$7,427$6,408$5,513$4,732$3,150
15 years$7,927$6,785$5,786$4,917$4,166$2,678
16 years$7,354$6,225$5,246$4,403$3,682$2,284
17 years$6,850$5,733$4,773$3,956$3,265$1,953
18 years$6,402$5,298$4,357$3,565$2,903$1,673
19 years$6,002$4,910$3,989$3,221$2,587$1,436
20 years$5,642$4,562$3,661$2,917$2,311$1,235
21 years$5,317$4,250$3,367$2,648$2,068$1,063
22 years$5,021$3,967$3,104$2,407$1,854$916
23 years$4,752$3,710$2,866$2,192$1,664$791
24 years$4,506$3,476$2,650$2,000$1,496$683
25 years$4,280$3,262$2,455$1,826$1,346$590
26 years$4,071$3,066$2,276$1,670$1,212$510
27 years$3,878$2,885$2,114$1,528$1,093$441
28 years$3,700$2,719$1,965$1,400$986$382
29 years$3,534$2,565$1,829$1,284$891$331
30 years$3,379$2,422$1,703$1,179$805$286
31 years$3,235$2,290$1,588$1,082$728$248
32 years$3,099$2,167$1,482$995$658$215
33 years$2,973$2,052$1,383$915$596$186
34 years$2,854$1,945$1,293$842$539$162
35 years$2,742$1,845$1,208$775$488$140
36 years$2,636$1,751$1,131$714$443$122
37 years$2,537$1,663$1,058$657$401$105
38 years$2,443$1,580$991$606$364$91
39 years$2,354$1,503$928$559$330$79
40 years$2,269$1,430$870$515$299$69
41 years$2,189$1,361$816$475$271$60
42 years$2,113$1,296$765$439$246$52
43 years$2,041$1,235$718$405$223$45
44 years$1,972$1,177$674$374$203$39
45 years$1,907$1,123$633$345$184$34
46 years$1,844$1,071$595$319$167$29
47 years$1,785$1,022$559$295$152$26
48 years$1,727$976$525$272$138$22
49 years$1,673$932$493$252$125$19
50 years$1,621$890$464$233$114$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,660,000, adding $3,698 every year, while hoping to spend $57,371 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: 57/17/26 Blend
29$1,660,000$1,660,000$1,660,000$1,660,000
30$1,833,134$1,745,154$1,719,424$1,924,418
31$1,959,072$1,769,625$1,715,983$2,011,840
32$2,095,932$1,793,371$1,710,503$2,100,714
33$2,244,769$1,816,298$1,702,857$2,196,387
34$2,406,741$1,838,302$1,692,908$2,299,532
35$2,583,123$1,859,274$1,680,515$2,410,894
36$2,775,321$1,879,097$1,665,531$2,531,293
37$2,984,876$1,897,646$1,647,800$2,661,635
38$3,213,491$1,914,788$1,627,158$2,802,922
39$3,463,035$1,930,380$1,603,436$2,956,256
40$3,735,568$1,944,272$1,576,454$3,122,857
41$4,033,357$1,956,303$1,546,027$3,304,072
42$4,358,900$1,966,302$1,511,959$3,501,383
43$4,714,942$1,974,086$1,474,045$3,716,432
44$5,104,512$1,979,461$1,432,070$3,951,025
45$5,530,940$1,982,223$1,385,812$4,207,160
46$5,997,895$1,982,151$1,335,036$4,487,040
47$6,509,418$1,979,014$1,279,498$4,793,095
48$7,069,957$1,972,565$1,218,940$5,128,007
49$7,684,415$1,962,542$1,153,096$5,494,737
50$8,358,186$1,948,667$1,081,686$5,896,549
51$9,097,216$1,930,647$1,004,417$6,337,048
52$9,908,051$1,908,168$920,984$6,820,207
53$10,797,904$1,880,900$831,069$7,350,412
54$11,774,717$1,848,491$734,337$7,932,501
55$12,847,242$1,810,570$630,440$8,571,811
56$14,025,116$1,766,744$519,016$9,274,229
57$15,318,958$1,716,594$399,683$10,046,248
58$16,740,465$1,659,681$272,046$10,895,031
59$18,302,524$1,595,537$135,691$11,828,477
60$20,019,331$1,523,667$0$12,855,302
61$21,906,525$1,443,549$0$13,987,839
62$23,981,337$1,354,630$0$15,274,311
63$26,262,752$1,256,325$0$16,688,854
64$28,771,683$1,148,016$0$18,244,496
65$31,531,174$1,029,048$0$19,955,591
66$34,566,614$898,731$0$21,837,965
67$37,905,975$756,336$0$23,909,056
68$41,580,079$601,091$0$26,188,086
69$45,622,884$432,181$0$28,696,240
70$50,071,806$248,745$0$31,456,864
71$54,968,073$49,877$0$34,495,694
72$60,357,111$0$0$37,841,090
73$66,288,973$0$0$41,555,249
74$72,818,811$0$0$45,654,271
75$80,007,396$0$0$50,166,996
76$87,921,691$0$0$55,135,482
77$96,635,480$0$0$60,606,075
78$106,230,067$0$0$66,629,841
79$116,795,042$0$0$73,263,053
80$128,429,124$0$0$80,567,717
81$141,241,094$0$0$88,612,159
82$155,350,819$0$0$97,471,670
83$170,890,384$0$0$107,229,215
84$188,005,339$0$0$117,976,216
85$206,856,070$0$0$129,813,415
86$227,619,312$0$0$142,851,821
87$250,489,818$0$0$157,213,764
88$275,682,197$0$0$173,034,044
89$303,432,934$0$0$190,461,204
90$334,002,627$0$0$209,658,930
91$367,678,445$0$0$230,807,602
92$404,776,833$0$0$254,105,987
93$445,646,506$0$0$279,773,121
94$490,671,732$0$0$308,050,375
95$540,275,964$0$0$339,203,732
96$594,925,832$0$0$373,526,296
97$655,135,551$0$0$411,341,061
98$721,471,771$0$0$453,003,957
99$794,558,926$0$0$498,907,211
100$875,085,126$0$0$549,483,047