Can I retire at age 30 with 1,740,000?

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 $1,740,000?

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$143,688$142,408$141,159$139,940$138,750$135,782
2 years$71,132$69,808$68,524$67,279$66,071$63,096
3 years$46,951$45,620$44,339$43,106$41,918$39,028
4 years$34,862$33,536$32,268$31,056$29,897$27,113
5 years$27,611$26,292$25,041$23,854$22,727$20,059
6 years$22,778$21,470$20,237$19,076$17,983$15,433
7 years$19,328$18,030$16,817$15,683$14,625$12,194
8 years$16,741$15,455$14,262$13,156$12,133$9,819
9 years$14,730$13,457$12,284$11,206$10,218$8,020
10 years$13,122$11,861$10,709$9,660$8,706$6,623
11 years$11,808$10,559$9,428$8,407$7,487$5,515
12 years$10,713$9,478$8,367$7,374$6,488$4,624
13 years$9,788$8,565$7,476$6,510$5,658$3,899
14 years$8,995$7,785$6,717$5,779$4,960$3,302
15 years$8,309$7,112$6,065$5,154$4,367$2,807
16 years$7,709$6,525$5,498$4,615$3,860$2,394
17 years$7,180$6,009$5,003$4,146$3,422$2,047
18 years$6,711$5,553$4,567$3,737$3,043$1,754
19 years$6,291$5,146$4,181$3,376$2,712$1,505
20 years$5,914$4,782$3,837$3,058$2,423$1,294
21 years$5,573$4,455$3,530$2,775$2,168$1,114
22 years$5,263$4,158$3,253$2,523$1,943$960
23 years$4,981$3,889$3,004$2,298$1,744$829
24 years$4,723$3,644$2,778$2,096$1,568$716
25 years$4,486$3,419$2,573$1,914$1,411$618
26 years$4,267$3,214$2,386$1,750$1,271$535
27 years$4,065$3,025$2,216$1,602$1,146$462
28 years$3,878$2,850$2,060$1,468$1,034$400
29 years$3,704$2,689$1,917$1,346$934$347
30 years$3,542$2,539$1,786$1,235$843$300
31 years$3,391$2,400$1,665$1,135$763$260
32 years$3,249$2,271$1,553$1,043$690$225
33 years$3,116$2,151$1,450$959$624$195
34 years$2,991$2,039$1,355$882$565$169
35 years$2,874$1,934$1,267$812$512$147
36 years$2,764$1,835$1,185$748$464$127
37 years$2,659$1,743$1,109$689$420$110
38 years$2,561$1,656$1,039$635$381$96
39 years$2,467$1,575$973$586$346$83
40 years$2,379$1,499$912$540$313$72
41 years$2,295$1,427$855$498$284$63
42 years$2,215$1,359$802$460$258$54
43 years$2,139$1,294$753$425$234$47
44 years$2,067$1,234$707$392$213$41
45 years$1,999$1,177$664$362$193$35
46 years$1,933$1,122$623$334$175$31
47 years$1,871$1,071$585$309$159$27
48 years$1,811$1,023$550$286$145$23
49 years$1,754$977$517$264$131$20
50 years$1,699$933$486$244$119$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,740,000, adding $3,769 every year, while hoping to spend $22,872 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: 41/42/17 Blend
29$1,740,000$1,740,000$1,740,000$1,740,000
30$1,921,368$1,829,148$1,802,178$1,990,367
31$2,093,012$1,894,440$1,838,215$2,104,939
32$2,281,397$1,962,166$1,874,693$2,226,355
33$2,488,206$2,032,419$1,911,602$2,357,287
34$2,715,295$2,105,299$1,948,932$2,498,613
35$2,964,705$2,180,909$1,986,672$2,651,302
36$3,238,687$2,259,355$2,024,808$2,816,414
37$3,539,720$2,340,751$2,063,326$2,995,117
38$3,870,535$2,425,212$2,102,211$3,188,692
39$4,234,141$2,512,858$2,141,447$3,398,550
40$4,633,853$2,603,817$2,181,014$3,626,241
41$5,073,321$2,698,220$2,220,893$3,873,469
42$5,556,570$2,796,203$2,261,064$4,142,109
43$6,088,032$2,897,909$2,301,501$4,434,222
44$6,672,591$3,003,486$2,342,181$4,752,076
45$7,315,628$3,113,090$2,383,077$5,098,165
46$8,023,072$3,226,880$2,424,159$5,475,234
47$8,801,453$3,345,026$2,465,397$5,886,304
48$9,657,971$3,467,701$2,506,757$6,334,697
49$10,600,555$3,595,089$2,548,204$6,824,070
50$11,637,942$3,727,380$2,589,700$7,358,449
51$12,779,762$3,864,770$2,631,204$7,942,263
52$14,036,621$4,007,468$2,672,673$8,580,390
53$15,420,210$4,155,687$2,714,061$9,278,197
54$16,943,408$4,309,653$2,755,319$10,041,595
55$18,620,408$4,469,598$2,796,394$10,877,089
56$20,466,848$4,635,767$2,837,232$11,791,843
57$22,499,961$4,808,414$2,877,774$12,793,745
58$24,738,734$4,987,803$2,917,956$13,891,480
59$27,204,091$5,174,212$2,957,714$15,094,611
60$29,919,088$5,367,928$2,996,977$16,413,671
61$32,909,130$5,569,251$3,035,671$17,860,258
62$36,202,213$5,778,496$3,073,717$19,447,144
63$39,829,185$5,995,989$3,111,033$21,188,399
64$43,824,040$6,222,071$3,147,531$23,099,515
65$48,224,237$6,457,097$3,183,119$25,197,558
66$53,071,054$6,701,440$3,217,698$27,501,324
67$58,409,977$6,955,485$3,251,166$30,031,518
68$64,291,128$7,219,638$3,283,414$32,810,946
69$70,769,742$7,494,319$3,314,327$35,864,728
70$77,906,683$7,779,968$3,343,784$39,220,537
71$85,769,023$8,077,045$3,371,659$42,908,858
72$94,430,671$8,386,028$3,397,818$46,963,272
73$103,973,073$8,707,417$3,422,118$51,420,773
74$114,485,981$9,041,734$3,444,413$56,322,117
75$126,068,295$9,389,524$3,464,546$61,712,203
76$138,829,006$9,751,355$3,482,352$67,640,496
77$152,888,213$10,127,820$3,497,660$74,161,491
78$168,378,268$10,519,540$3,510,288$81,335,227
79$185,445,015$10,927,161$3,520,046$89,227,853
80$204,249,173$11,351,359$3,526,735$97,912,247
81$224,967,851$11,792,838$3,530,143$107,468,705
82$247,796,221$12,252,336$3,530,051$117,985,694
83$272,949,356$12,730,621$3,526,229$129,560,689
84$300,664,265$13,228,496$3,518,432$142,301,085
85$331,202,128$13,746,801$3,506,408$156,325,215
86$364,850,762$14,286,411$3,489,890$171,763,458
87$401,927,336$14,848,241$3,468,597$188,759,473
88$442,781,368$15,433,248$3,442,238$207,471,549
89$487,798,019$16,042,430$3,410,506$228,074,097
90$537,401,738$16,676,829$3,373,078$250,759,292
91$592,060,257$17,337,536$3,329,618$275,738,888
92$652,289,018$18,025,689$3,279,775$303,246,212
93$718,656,028$18,742,478$3,223,177$333,538,360
94$791,787,229$19,489,146$3,159,440$366,898,625
95$872,372,404$20,266,992$3,088,159$403,639,166
96$961,171,688$21,077,373$3,008,911$444,103,953
97$1,059,022,743$21,921,708$2,921,253$488,672,004
98$1,166,848,670$22,801,478$2,824,721$537,760,968
99$1,285,666,717$23,718,234$2,718,833$591,831,055
100$1,416,597,889$24,673,594$2,603,081$651,389,383