Can I retire at age 30 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$145,339$144,045$142,781$141,549$140,345$136,897
2 years$71,950$70,610$69,311$68,052$66,831$63,378
3 years$47,490$46,144$44,849$43,602$42,400$39,051
4 years$35,263$33,921$32,639$31,413$30,240$27,020
5 years$27,928$26,595$25,329$24,128$22,988$19,906
6 years$23,040$21,716$20,470$19,295$18,190$15,249
7 years$19,550$18,237$17,010$15,864$14,793$11,994
8 years$16,933$15,633$14,426$13,308$12,272$9,613
9 years$14,900$13,611$12,425$11,335$10,335$7,814
10 years$13,273$11,998$10,833$9,771$8,806$6,421
11 years$11,944$10,681$9,537$8,504$7,573$5,320
12 years$10,836$9,586$8,464$7,459$6,563$4,437
13 years$9,900$8,663$7,562$6,585$5,723$3,721
14 years$9,099$7,875$6,794$5,846$5,017$3,135
15 years$8,404$7,194$6,134$5,213$4,417$2,650
16 years$7,797$6,600$5,562$4,668$3,904$2,247
17 years$7,263$6,078$5,061$4,194$3,461$1,910
18 years$6,788$5,617$4,620$3,780$3,078$1,627
19 years$6,363$5,206$4,229$3,415$2,743$1,388
20 years$5,982$4,837$3,881$3,093$2,450$1,186
21 years$5,637$4,506$3,570$2,807$2,193$1,015
22 years$5,324$4,206$3,290$2,552$1,966$870
23 years$5,039$3,934$3,038$2,325$1,764$746
24 years$4,777$3,686$2,810$2,120$1,586$640
25 years$4,538$3,459$2,602$1,936$1,427$549
26 years$4,316$3,251$2,414$1,770$1,285$472
27 years$4,112$3,059$2,241$1,620$1,159$406
28 years$3,923$2,883$2,084$1,485$1,046$349
29 years$3,747$2,720$1,939$1,361$944$300
30 years$3,583$2,568$1,806$1,250$853$258
31 years$3,429$2,428$1,684$1,148$771$222
32 years$3,286$2,297$1,571$1,055$698$191
33 years$3,152$2,176$1,467$970$631$165
34 years$3,026$2,062$1,370$892$572$142
35 years$2,907$1,956$1,281$821$518$122
36 years$2,795$1,856$1,199$757$469$105
37 years$2,690$1,763$1,122$697$425$91
38 years$2,590$1,676$1,051$642$386$78
39 years$2,496$1,593$984$592$350$67
40 years$2,406$1,516$923$546$317$58
41 years$2,321$1,443$865$504$288$50
42 years$2,241$1,374$811$465$261$43
43 years$2,164$1,309$761$429$237$37
44 years$2,091$1,248$715$397$215$32
45 years$2,022$1,190$671$366$195$28
46 years$1,955$1,135$630$338$177$24
47 years$1,892$1,083$592$313$161$20
48 years$1,832$1,034$557$289$146$18
49 years$1,774$988$523$267$133$15
50 years$1,718$944$492$247$121$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,760,000, adding $5,990 every year, while hoping to spend $23,092 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: 49/34/17 Blend
29$1,760,000$1,760,000$1,760,000$1,760,000
30$1,945,699$1,852,419$1,825,139$2,031,543
31$2,119,590$1,918,617$1,861,711$2,157,701
32$2,310,445$1,987,286$1,898,735$2,291,811
33$2,519,968$2,058,521$1,936,200$2,436,996
34$2,750,039$2,132,423$1,974,098$2,594,306
35$3,002,729$2,209,097$2,012,415$2,764,893
36$3,280,316$2,288,652$2,051,140$2,950,026
37$3,585,313$2,371,201$2,090,258$3,151,099
38$3,920,488$2,456,863$2,129,755$3,369,645
39$4,288,889$2,545,760$2,169,613$3,607,353
40$4,693,876$2,638,022$2,209,815$3,866,079
41$5,139,147$2,733,782$2,250,340$4,147,864
42$5,628,781$2,833,178$2,291,167$4,454,957
43$6,167,269$2,936,356$2,332,274$4,789,830
44$6,759,560$3,043,467$2,373,634$5,155,206
45$7,411,107$3,154,668$2,415,222$5,554,079
46$8,127,916$3,270,123$2,457,008$5,989,748
47$8,916,607$3,390,003$2,498,962$6,465,842
48$9,784,474$3,514,486$2,541,050$6,986,358
49$10,739,552$3,643,757$2,583,237$7,555,694
50$11,790,695$3,778,011$2,625,485$8,178,693
51$12,947,660$3,917,447$2,667,752$8,860,690
52$14,221,196$4,062,277$2,709,997$9,607,555
53$15,623,149$4,212,718$2,752,172$10,425,755
54$17,166,569$4,369,001$2,794,229$11,322,410
55$18,865,838$4,531,361$2,836,115$12,305,363
56$20,736,804$4,700,048$2,877,775$13,383,249
57$22,796,928$4,875,321$2,919,151$14,565,578
58$25,065,451$5,057,448$2,960,179$15,862,826
59$27,563,576$5,246,711$3,000,793$17,286,531
60$30,314,665$5,443,404$3,040,924$18,849,401
61$33,344,462$5,647,833$3,080,496$20,565,433
62$36,681,336$5,860,316$3,119,432$22,450,045
63$40,356,548$6,081,186$3,157,648$24,520,222
64$44,404,543$6,310,791$3,195,056$26,794,673
65$48,863,279$6,549,493$3,231,564$29,294,007
66$53,774,585$6,797,670$3,267,073$32,040,928
67$59,184,553$7,055,716$3,301,480$35,060,448
68$65,143,974$7,324,042$3,334,676$38,380,121
69$71,708,817$7,603,078$3,366,545$42,030,302
70$78,940,760$7,893,272$3,396,968$46,044,434
71$86,907,766$8,195,092$3,425,815$50,459,360
72$95,684,731$8,509,024$3,452,953$55,315,675
73$105,354,186$8,835,579$3,478,239$60,658,098
74$116,007,079$9,175,287$3,501,526$66,535,905
75$127,743,629$9,528,705$3,522,655$73,003,382
76$140,674,279$9,896,411$3,541,463$80,120,344
77$154,920,729$10,279,009$3,557,777$87,952,692
78$170,617,095$10,677,132$3,571,413$96,573,039
79$187,911,165$11,091,437$3,582,182$106,061,390
80$206,965,800$11,522,615$3,589,882$116,505,896
81$227,960,471$11,971,382$3,594,302$128,003,689
82$251,092,949$12,438,490$3,595,221$140,661,788
83$276,581,177$12,924,722$3,592,407$154,598,119
84$304,665,320$13,430,897$3,585,617$169,942,615
85$335,610,042$13,957,870$3,574,594$186,838,449
86$369,706,994$14,506,534$3,559,071$205,443,379
87$407,277,575$15,077,821$3,538,767$225,931,237
88$448,675,959$15,672,706$3,513,387$248,493,567
89$494,292,445$16,292,206$3,482,624$273,341,431
90$544,557,136$16,937,386$3,446,153$300,707,399
91$599,944,001$17,609,355$3,403,636$330,847,742
92$660,975,351$18,309,275$3,354,720$364,044,850
93$728,226,766$19,038,359$3,299,032$400,609,891
94$802,332,531$19,797,874$3,236,185$440,885,751
95$883,991,623$20,589,143$3,165,771$485,250,266
96$973,974,309$21,413,552$3,087,365$534,119,782
97$1,073,129,419$22,272,547$3,000,522$587,953,090
98$1,182,392,357$23,167,638$2,904,777$647,255,746
99$1,302,793,932$24,100,407$2,799,641$712,584,845
100$1,435,470,090$25,072,505$2,684,607$784,554,276