Can I retire at age 30 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$141,210$139,952$138,725$137,527$136,358$134,376
2 years$69,906$68,604$67,342$66,119$64,932$62,939
3 years$46,141$44,834$43,575$42,363$41,196$39,254
4 years$34,261$32,957$31,711$30,520$29,381$27,506
5 years$27,135$25,839$24,609$23,442$22,335$20,531
6 years$22,385$21,099$19,888$18,747$17,673$15,943
7 years$18,994$17,719$16,527$15,413$14,373$12,717
8 years$16,452$15,189$14,016$12,930$11,924$10,342
9 years$14,476$13,225$12,072$11,013$10,041$8,534
10 years$12,896$11,657$10,525$9,493$8,556$7,120
11 years$11,604$10,377$9,266$8,262$7,358$5,993
12 years$10,529$9,314$8,223$7,247$6,377$5,081
13 years$9,619$8,417$7,347$6,398$5,560$4,332
14 years$8,840$7,651$6,601$5,679$4,874$3,712
15 years$8,166$6,989$5,960$5,065$4,292$3,192
16 years$7,576$6,413$5,404$4,535$3,793$2,755
17 years$7,056$5,906$4,917$4,075$3,363$2,384
18 years$6,595$5,457$4,489$3,672$2,990$2,068
19 years$6,182$5,058$4,109$3,318$2,665$1,798
20 years$5,812$4,700$3,771$3,005$2,381$1,566
21 years$5,477$4,378$3,469$2,727$2,131$1,365
22 years$5,173$4,086$3,197$2,480$1,910$1,192
23 years$4,895$3,822$2,952$2,258$1,714$1,042
24 years$4,642$3,581$2,730$2,060$1,541$912
25 years$4,409$3,361$2,529$1,881$1,386$799
26 years$4,194$3,158$2,345$1,720$1,249$700
27 years$3,995$2,972$2,178$1,574$1,126$614
28 years$3,811$2,801$2,024$1,443$1,016$539
29 years$3,640$2,642$1,884$1,323$917$473
30 years$3,481$2,495$1,755$1,214$829$416
31 years$3,332$2,359$1,636$1,115$749$365
32 years$3,193$2,232$1,526$1,025$678$321
33 years$3,062$2,114$1,425$942$614$282
34 years$2,940$2,003$1,332$867$555$248
35 years$2,825$1,900$1,245$798$503$218
36 years$2,716$1,804$1,165$735$456$192
37 years$2,613$1,713$1,090$677$413$169
38 years$2,516$1,628$1,021$624$375$149
39 years$2,425$1,548$956$576$340$131
40 years$2,338$1,473$896$531$308$115
41 years$2,255$1,402$841$490$280$101
42 years$2,177$1,335$788$452$254$89
43 years$2,103$1,272$740$417$230$79
44 years$2,032$1,213$694$385$209$69
45 years$1,964$1,156$652$356$190$61
46 years$1,900$1,103$612$329$172$54
47 years$1,838$1,053$575$304$156$47
48 years$1,780$1,005$541$281$142$42
49 years$1,723$960$508$259$129$37
50 years$1,670$917$478$240$117$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,710,000, adding $5,352 every year, while hoping to spend $29,126 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: 72/21/7 Blend
29$1,710,000$1,710,000$1,710,000$1,710,000
30$1,889,941$1,799,311$1,772,806$2,023,703
31$2,051,725$1,856,487$1,801,205$2,169,862
32$2,229,035$1,915,489$1,829,579$2,325,681
33$2,423,423$1,976,375$1,857,897$2,495,464
34$2,636,601$2,039,206$1,886,125$2,680,580
35$2,870,451$2,104,044$1,914,227$2,882,535
36$3,127,049$2,170,954$1,942,166$3,102,986
37$3,408,680$2,240,003$1,969,900$3,343,759
38$3,717,862$2,311,259$1,997,388$3,606,862
39$4,057,367$2,384,794$2,024,584$3,894,510
40$4,430,250$2,460,681$2,051,440$4,209,139
41$4,839,878$2,538,996$2,077,905$4,553,431
42$5,289,956$2,619,817$2,103,925$4,930,342
43$5,784,569$2,703,226$2,129,444$5,343,127
44$6,328,216$2,789,305$2,154,402$5,795,368
45$6,925,854$2,878,142$2,178,734$6,291,014
46$7,582,945$2,969,824$2,202,375$6,834,413
47$8,305,504$3,064,444$2,225,254$7,430,353
48$9,100,161$3,162,097$2,247,295$8,084,110
49$9,974,219$3,262,882$2,268,421$8,801,495
50$10,935,725$3,366,899$2,288,549$9,588,909
51$11,993,545$3,474,253$2,307,592$10,453,404
52$13,157,447$3,585,052$2,325,457$11,402,747
53$14,438,195$3,699,408$2,342,048$12,445,497
54$15,847,648$3,817,436$2,357,264$13,591,081
55$17,398,873$3,939,255$2,370,997$14,849,885
56$19,106,269$4,064,989$2,383,135$16,233,354
57$20,985,698$4,194,764$2,393,561$17,754,094
58$23,054,644$4,328,711$2,402,149$19,425,994
59$25,332,366$4,466,967$2,408,770$21,264,360
60$27,840,090$4,609,670$2,413,286$23,286,051
61$30,601,202$4,756,967$2,415,554$25,509,647
62$33,641,472$4,909,006$2,415,423$27,955,615
63$36,989,297$5,065,942$2,412,734$30,646,510
64$40,675,966$5,227,934$2,407,322$33,607,181
65$44,735,959$5,395,147$2,399,011$36,865,010
66$49,207,269$5,567,752$2,387,620$40,450,166
67$54,131,762$5,745,924$2,372,958$44,395,894
68$59,555,573$5,929,844$2,354,822$48,738,822
69$65,529,536$6,119,702$2,333,004$53,519,314
70$72,109,672$6,315,690$2,307,283$58,781,843
71$79,357,709$6,518,010$2,277,427$64,575,417
72$87,341,672$6,726,868$2,243,197$70,954,035
73$96,136,516$6,942,479$2,204,338$77,977,202
74$105,824,844$7,165,063$2,160,587$85,710,486
75$116,497,677$7,394,850$2,111,665$94,226,137
76$128,255,317$7,632,076$2,057,283$103,603,773
77$141,208,296$7,876,984$1,997,139$113,931,123
78$155,478,413$8,129,827$1,930,914$125,304,863
79$171,199,888$8,390,865$1,858,277$137,831,520
80$188,520,629$8,660,369$1,778,880$151,628,486
81$207,603,622$8,938,617$1,692,363$166,825,117
82$228,628,479$9,225,897$1,598,344$183,563,958
83$251,793,124$9,522,505$1,496,428$202,002,089
84$277,315,665$9,828,751$1,386,201$222,312,604
85$305,436,454$10,144,951$1,267,230$244,686,247
86$336,420,354$10,471,435$1,139,064$269,333,209
87$370,559,236$10,808,542$1,001,229$296,485,117
88$408,174,741$11,156,623$853,233$326,397,212
89$449,621,309$11,516,042$694,561$359,350,767
90$495,289,529$11,887,174$524,674$395,655,733
91$545,609,822$12,270,407$343,013$435,653,670
92$601,056,510$12,666,143$148,989$479,720,970
93$662,152,285$13,074,795$0$528,272,406
94$729,473,153$13,496,794$0$581,769,389
95$803,653,860$13,932,584$0$640,723,425
96$885,393,895$14,382,621$0$705,678,475
97$975,464,085$14,847,382$0$777,246,249
98$1,074,713,875$15,327,357$0$856,100,839
99$1,184,079,345$15,823,053$0$942,985,082
100$1,304,592,050$16,334,994$0$1,038,717,569