Can I retire at age 30 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$139,559$138,316$137,103$135,919$134,763$132,421
2 years$69,088$67,802$66,555$65,346$64,173$61,821
3 years$45,601$44,309$43,065$41,868$40,714$38,426
4 years$33,860$32,572$31,341$30,163$29,037$26,830
5 years$26,817$25,537$24,322$23,168$22,074$19,954
6 years$22,124$20,853$19,655$18,528$17,466$15,436
7 years$18,772$17,512$16,334$15,233$14,205$12,265
8 years$16,260$15,011$13,852$12,778$11,784$9,934
9 years$14,307$13,070$11,931$10,884$9,924$8,163
10 years$12,745$11,520$10,402$9,382$8,456$6,782
11 years$11,469$10,256$9,157$8,166$7,272$5,683
12 years$10,405$9,205$8,127$7,162$6,302$4,797
13 years$9,507$8,319$7,261$6,323$5,495$4,071
14 years$8,737$7,562$6,524$5,613$4,817$3,471
15 years$8,070$6,908$5,890$5,006$4,241$2,971
16 years$7,487$6,338$5,340$4,482$3,749$2,552
17 years$6,974$5,837$4,860$4,027$3,324$2,197
18 years$6,518$5,393$4,436$3,629$2,955$1,897
19 years$6,110$4,999$4,061$3,279$2,634$1,640
20 years$5,744$4,645$3,727$2,970$2,353$1,421
21 years$5,413$4,327$3,428$2,696$2,106$1,233
22 years$5,112$4,039$3,160$2,451$1,887$1,071
23 years$4,838$3,777$2,917$2,232$1,694$931
24 years$4,587$3,539$2,698$2,036$1,523$810
25 years$4,357$3,321$2,499$1,859$1,370$706
26 years$4,145$3,121$2,318$1,700$1,234$615
27 years$3,949$2,938$2,152$1,556$1,113$536
28 years$3,767$2,768$2,001$1,426$1,004$468
29 years$3,598$2,611$1,862$1,307$907$409
30 years$3,440$2,466$1,734$1,200$819$357
31 years$3,293$2,331$1,617$1,102$741$312
32 years$3,156$2,206$1,508$1,013$670$272
33 years$3,027$2,089$1,408$931$606$238
34 years$2,905$1,980$1,316$857$549$208
35 years$2,791$1,878$1,230$789$497$182
36 years$2,684$1,782$1,151$726$451$159
37 years$2,583$1,693$1,077$669$408$139
38 years$2,487$1,609$1,009$617$370$122
39 years$2,396$1,530$945$569$336$107
40 years$2,310$1,456$886$525$304$93
41 years$2,229$1,386$831$484$276$82
42 years$2,152$1,320$779$447$251$71
43 years$2,078$1,257$731$412$227$63
44 years$2,008$1,198$686$381$206$55
45 years$1,941$1,143$644$352$187$48
46 years$1,878$1,090$605$325$170$42
47 years$1,817$1,040$569$300$155$37
48 years$1,759$993$534$277$140$32
49 years$1,703$948$502$256$127$28
50 years$1,650$906$472$237$116$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,690,000, adding $4,651 every year, while hoping to spend $59,521 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: 48/46/6 Blend
29$1,690,000$1,690,000$1,690,000$1,690,000
30$1,867,178$1,777,608$1,751,413$1,953,681
31$1,994,300$1,801,380$1,746,755$2,037,115
32$2,132,394$1,824,323$1,739,946$2,120,956
33$2,282,515$1,846,333$1,730,852$2,210,572
34$2,445,827$1,867,298$1,719,331$2,306,515
35$2,623,607$1,887,101$1,705,234$2,409,396
36$2,817,262$1,905,616$1,688,406$2,519,889
37$3,028,340$1,922,709$1,668,686$2,638,737
38$3,258,545$1,938,236$1,645,901$2,766,763
39$3,509,753$1,952,046$1,619,875$2,904,874
40$3,784,027$1,963,976$1,590,420$3,054,072
41$4,083,640$1,973,853$1,557,342$3,215,464
42$4,411,094$1,981,494$1,520,435$3,390,273
43$4,769,142$1,986,703$1,479,485$3,579,846
44$5,160,816$1,989,273$1,434,270$3,785,675
45$5,589,455$1,988,984$1,384,554$4,009,405
46$6,058,736$1,985,601$1,330,093$4,252,853
47$6,572,707$1,978,875$1,270,632$4,518,024
48$7,135,827$1,968,544$1,205,901$4,807,134
49$7,753,005$1,954,326$1,135,623$5,122,626
50$8,429,649$1,935,925$1,059,503$5,467,200
51$9,171,714$1,913,027$977,238$5,843,837
52$9,985,761$1,885,297$888,507$6,255,825
53$10,879,014$1,852,382$792,978$6,706,795
54$11,859,432$1,813,908$690,301$7,200,755
55$12,935,782$1,769,477$580,114$7,742,127
56$14,117,720$1,718,670$462,036$8,335,796
57$15,415,885$1,661,041$335,671$8,987,147
58$16,841,994$1,596,121$200,605$9,702,128
59$18,408,957$1,523,411$56,405$10,487,300
60$20,130,996$1,442,384$0$11,349,905
61$22,023,780$1,352,483$0$12,304,172
62$24,104,569$1,253,118$0$13,356,938
63$26,392,382$1,143,667$0$14,514,344
64$28,908,169$1,023,472$0$15,787,158
65$31,675,016$891,835$0$17,187,253
66$34,718,354$748,022$0$18,727,727
67$38,066,206$591,255$0$20,423,029
68$41,749,447$420,714$0$22,289,093
69$45,802,093$235,531$0$24,343,495
70$50,261,627$34,793$0$26,605,620
71$55,169,346$0$0$29,096,847
72$60,570,756$0$0$31,933,116
73$66,515,994$0$0$35,074,558
74$73,060,308$0$0$38,532,781
75$80,264,571$0$0$42,339,983
76$88,195,861$0$0$46,531,640
77$96,928,089$0$0$51,146,845
78$106,542,695$0$0$56,228,673
79$117,129,421$0$0$61,824,591
80$128,787,154$0$0$67,986,902
81$141,624,857$0$0$74,773,238
82$155,762,601$0$0$82,247,109
83$171,332,692$0$0$90,478,494
84$188,480,925$0$0$99,544,510
85$207,367,956$0$0$109,530,131
86$228,170,816$0$0$120,528,997
87$251,084,585$0$0$132,644,290
88$276,324,228$0$0$145,989,716
89$304,126,630$0$0$160,690,569
90$334,752,822$0$0$176,884,922
91$368,490,453$0$0$194,724,922
92$405,656,496$0$0$214,378,231
93$446,600,246$0$0$236,029,605
94$491,706,612$0$0$259,882,641
95$541,399,751$0$0$286,161,694
96$596,147,072$0$0$315,113,997
97$656,463,642$0$0$347,011,995
98$722,917,054$0$0$382,155,915
99$796,132,778$0$0$420,876,599
100$876,800,070$0$0$463,538,627